BENGALURU: State Bank of India (OSE), the nation’s largest lender by assets, posted a 52% rise in second-quarter earnings on Wednesday, helped by higher revenues from its treasury operations and a drop in loan loss provisions. The results come as consumer demand recovers during the Indian holiday season, although regulatory …
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NEW DELHI: From major Japanese and Australian funds to Europe and the US, Prime Minister Narendra Modi will sell India’s story to 20 global giants, with combined assets of $ 6 trillion, and launch long-term investments . The prime minister is scheduled to hold a round table discussion with the …
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NEW DELHI: Department of Economic Affairs (DEA) Secretary Tarun Bajaj said Tuesday that Finance Minister Nirmala Sitharaman will announce the next set of stimulus package soon and the government is examining the requests and comments received from the industry. “We are actually discussing that. It is difficult for me to …
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NEW DEHI: The potential acquisition of IndusInd Bank Ltd by Kotak Mahindra Bank Ltd would create India’s eighth largest lender by assets at a time when the nation is battling one of the world’s worst bad debt problems. In what could be the country’s largest banking deal, Kotak Mahindra, backed …
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THIRUVANANTHAPURAM: Kerala chief minister Pinarayi Vijayan announced Tuesday the minimal price for 16 varieties of vegetables. Kerala, he said, thus becomes the first state in the country to set a minimum price for vegetables. The scheme takes effect as of November 1. “This would be a great relief to farmers …
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NEW DELHI: Traders body CAIT raised objections Tuesday Aditya birla Fashion and Retail plans to raise Rs 1,500 crore by issuing 7.8 percent stake to Walmart Flipkart Group, claiming that the proposed deal violates the government’s FDI policy. The Confederation of Traders of India (CAIT) wrote to the Minister of …
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NEW DELHI: Ankhi das, he Facebook senior executive which was recently embroiled in a fierce controversy over allegations of political prejudice at the leadership of Facebook and WhatsApp in India, left the American social media giant. Das, who had joined Facebook in 2011 when it began to gain on a …
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MUMBAI: Tata motors on Tuesday it reported a consolidated net loss of Rs 307.26 million for the second quarter ending September 30. The automaker had reported a net loss of Rs 187.7 crore during the previous July-September fiscal period. The company’s total operating income decreased to Rs 53,530 crore in …
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NEW DELHI: telecommunications operator Bharti airtel on Tuesday it reported a substantial reduction in losses for the second quarter ending September 2020 at Rs 763 crore. Losses were significantly lower than in the second quarter of fiscal 2020, when it stood at 23,045 million rupees, after the company made provisions …
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NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday it said there were visible signs of recovery, but India gross domestic product (GDP) could be in negative zone or close to zero in the current fiscal year in the wake of the ongoing coronavirus pandemic. Speaking at CERAWeek’s India Energy Forum, …
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