Bad loans of 19 PSU banks touch Rs 1 lakh crore |
- Bad loans of 19 PSU banks touch Rs 1 lakh crore
- Govt takes charge at IFCI
- RBI urges govt to cut expenditure
- Abolish cash reserve ratio, says SBI chief
- Mamata derails UPA's reforms plan
- Honda to drive in CNG variant of City
- 22% diesel subsidy fuels cars, SUVs & gensets
- Australian okays GVK's coal-rail project
- Petrol may cost more by Rs 3/litre
- Fortis eyes $400m trust IPO in Singapore
- Rupee hits 2-week high
- Maruti to pay Rs 1L for misleading advertisement
- Sensex closes flat, oil & gas stocks down
- Mamata Banerjee opposes FDI in retail
- Sensex hits 23-week high
- Banking operations remain disrupted
- Gold zooms to record high of Rs 31,029
- Rupee up 28 paise against dollar
- Sensex gains 85 points in early trade
| Bad loans of 19 PSU banks touch Rs 1 lakh crore Posted: 23 Aug 2012 04:28 PM PDT Bad loans of 19 government banks have gone above Rs 1 lakh crore till March this year, though most of these banks have been reporting profits. 
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| Posted: 23 Aug 2012 04:25 PM PDT The government on Thursday decided to convert optionally convertible debentures of Rs 923 crore into equity and acquired over 55% stake in IFCI, the country's oldest financial institution. 
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| RBI urges govt to cut expenditure Posted: 23 Aug 2012 04:21 PM PDT The RBI said poor summer rains had further clouded growth prospects for Asia's third largest economy, but the key was to cut government subsidies and revive capital spending. 
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| Abolish cash reserve ratio, says SBI chief Posted: 23 Aug 2012 04:18 PM PDT "CRR does not help any body.It is locked up in the vault and not ploughed back into the economy.It is unfairly applied on banks. 
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| Mamata derails UPA's reforms plan Posted: 23 Aug 2012 04:17 PM PDT Political opposition to economic reforms grew as a key ally of the UPA government on Thursday raised the red flag to plans to open up the economy further to foreign investors. 
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| Honda to drive in CNG variant of City Posted: 23 Aug 2012 04:14 PM PDT Honda is all set to roll out a CNG variant of its City sedan in the festival season to take on rivals, who have marched ahead due to the presence of a diesel model. 
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| 22% diesel subsidy fuels cars, SUVs & gensets Posted: 23 Aug 2012 04:11 PM PDT Some 22 litres out of every 100 litres of subsidized diesel sold in the market is guzzled by private cars and SUVs, generators and mobile towers, the government told Parliament on Thursday. 
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| Australian okays GVK's coal-rail project Posted: 23 Aug 2012 04:08 PM PDT With the approvals finally coming through, the project is now expected to achieve financial closure by June 2013, GVK group vice-chairman, G V Sanjay Reddy told TOI. 
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| Petrol may cost more by Rs 3/litre Posted: 23 Aug 2012 04:07 PM PDT The stage is set for another round of petrol price hike with the Indian basket of crude oil increasing by over $10 to $113 per barrel since the prices were revised last on July 24. 
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| Fortis eyes $400m trust IPO in Singapore Posted: 23 Aug 2012 06:30 AM PDT Religare Health Trust is set to launch an up to $400 million initial public offering in Singapore, a source said, in a move that will allow the backer of the trust, Indian hospitals group Fortis Healthcare, to cut its substantial debt level. 
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| Posted: 23 Aug 2012 05:52 AM PDT The rupee strengthened to its highest level in two weeks on Thursday as part of a shift into global risk assets, but broader gains were capped as local shares retreated late in the session. 
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| Maruti to pay Rs 1L for misleading advertisement Posted: 23 Aug 2012 04:45 AM PDT Indian auto major Maruti Udyog Ltd (MUL) has been asked by a city district consumer forum to pay Rs one lakh to one of its customers as compensation for "inducing" him to buy a car through misleading advertisements on its mileage. 
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| Sensex closes flat, oil & gas stocks down Posted: 23 Aug 2012 04:10 AM PDT A benchmark index of Indian equities markets closed flat Thursday after oil and gas, auto and capital goods stocks came under intense selling pressure. 
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| Mamata Banerjee opposes FDI in retail Posted: 23 Aug 2012 02:12 AM PDT UPA key ally Trinamool Congress on Thursday strongly opposed allowing FDI in key sectors like retail, insurance and aviation arguing that it would be harmful for the people of the country. 
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| Posted: 23 Aug 2012 12:13 AM PDT Sensex hit 23-week high on the back of fresh buying in metals, IT, healthcare, tech and consumer durable sectors amid sustained capital inflows. 
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| Banking operations remain disrupted Posted: 22 Aug 2012 10:40 PM PDT Normal operations in public sector banks, including cheque clearances and fund transfers, were on Thursday hampered for the second day because of the strike called by unions to protest against reforms in the sector and outsourcing of non-core services to private sector. 
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| Gold zooms to record high of Rs 31,029 Posted: 22 Aug 2012 10:35 PM PDT Buoyed by a firm trend in the overseas markets, gold futures prices on Thursday climbed to all-time high of Rs 31,029 per 10 grams as speculators indulged in enlarging positions. 
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| Rupee up 28 paise against dollar Posted: 22 Aug 2012 09:54 PM PDT Rising for the fourth day in a row, the rupee added 28 paise to Rs 55.21 against the US dollar in early trade today on the Interbank Foreign Exchange as the American unit weakened against euro and other currencies overseas. 
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| Sensex gains 85 points in early trade Posted: 22 Aug 2012 09:53 PM PDT The BSE benchmark Sensex rose by nearly 85 points in early trade today after yesterday's losses on fresh buying by funds and retailers, tracking a better trend in Asian markets. 
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