Business
Heads of 23 Nations to Attend International Solar Alliance Summit
President Ram Nath Kovind will co-host the summit with French President Emmanuel Macron. It will focus on various aspects of promoting solar energy in the 121 countries associated with International Solar Alliance (ISA).
PNB Lost Rs 2,800 Crore to Fraud Last Financial Year, Most Among Govt Banks
The finance ministry told parliament that state banks lost a total of Rs 19,533 crore to 2,718 cases of fraud in the fiscal year that ended on March 31, 2017.
Nitin Gadkari Warns Steel and Cement Firms Against Making Cartels
Union minister Nitin Gadkari on Friday said, if the people are taking disadvantage of all the construction that is taking place in the country by making a cartel then it is time for the government to take stern action against them.
Sensex Extends Gains, up 139 Points in Early Trade on Global Cues
The 30-share barometer, which had gained 318.48 points in the previous session, was trading higher by 138.52 points, or 0.41 per cent, at 33,490.09. Sectoral indices led by Metal, IT, Teck, Consumer Durables and FMCG led the gains, rising by up to 0.64 pe...
Sensex Rebounds 274 Points, Nifty Above 10,200-mark
The 30-share Sensex rose by 273.75 points, or 0.82 per cent, to 33,306.84 in early trade.
Govt Set to Cut Monsanto's GM Cotton Seed Royalties by 20 Percent: Sources
The latest reduction risks another row with the US company, the world's biggest seed maker, which threatened to leave India in 2016 when the government cut its royalties by more than 70 percent.
SBI, IFCI, United Bank Scout for Buyers to Clear Off Rs 16,349 Crore Dud Accounts
All the three have invited bids on Wednesday from eligible banks, financial institutions, asset reconstruction companies (ARCs) and non-banking financial companies (NBFCs) to prune such non-performing assets from their respective balance sheets.
RBI Slaps Rs 40 Lakh Penalty on SBI for Flouting Counterfeit Notes Norms
The regulator had carried out inspection of currency chests of two branches of the country's largest lender and noticed violation of its instructions issued on the detection and impounding of counterfeit notes.
52 Percent of Land for Special Economic Zones Lying Vacant, Says Minister
Out of the total notified area of 45,629 hectares in respect of 375 notified zones, 21872.71 hectares have been utilised and 23,779.19 hectares are lying vacant in these SEZs, Minister of State for Commerce and Industry C R Chaudhary said.
Intra-state Network Constraints Affecting Power Supply in India, Says Power Secretary AK Bhalla
During a panel discussion in New Delhi, Power Secretary A K Bhalla said that the Electricity Amendment Bill will provide for 24X7 power for all from April 1, 2019.
PM Promises to Protect, Promote Investments as He Seeks FDI
Speaking at the India-Korea Business Summit organised jointly by CII and DIPP, Prime Minister Narendra Modi on Tuesday said his government has worked towards creating a stable business environment and removed arbitrariness in decision-making.
US Tipped to Overtake Russia as World's Biggest Oil Producer by 2019
U.S. crude oil output rose above 10 million barrels per day (bpd) late last year for the first time since the 1970s, overtaking top oil exporter Saudi Arabia.
Worrisome That Not One PNB Employee Raised a Red Flag in 7 Years, Says Arun Jaitley
Arun Jaitley slammed lack of ethics in certain sections of businesses and said multiple layers of auditing system chose to either look the other way or did a casual job.
Data Breach Hits 10,000 Punjab National Bank Credit, Debit Card Customers: Report
PNB's Chief Information Security Officer T.D. Virwani has confirmed it was working with the government to contain the fallout from the release of the data. The data available for sale includes names, expiry dates, Personal Identification Numbers and Card...
Thanks to Crony Capitalism, Indian Billionaires’ Wealth is 15% of GDP: Report
The Oxfam report noted that India ranks among the most unequal countries in the world on all parameters of income, consumption and wealth and the reason behind this is the "lopsided" policy choices made by successive governments.
NITI Making New List of Sick PSUs for Divestment, Says CEO Amitabh Kant
The Prime Minister's Office (PMO) had asked the think- tank to look into the viability of sick state-run companies. The Aayog has already recommended strategic divestment of 40 sick public sector units.