The bank had posted a net loss of Rs 1,240.49 crore in October-December 2017-18. Total income of the lender came down to Rs 4,112.32 crore in the latest quarter as against Rs 4,841.37 crore in the same period of 2017-18, it said in a regulatory filing.
This is the fifth successive session of gain for the domestic currency, during which it has climbed 62 paise.
The CITI Chairman highlighted that China which is the largest importer of cotton yarn has shifted from India to Vietnam and Indonesia as these countries have duty free access while Indian yarn carries 3.5 per cent import duty.
Investors were cautious ahead of industrial production and inflation data due this week, amid as global growth worries, including the US-China tariff tiff, and lacklustre corporate earnings, traders said.
Stating that the energy sector is a pivot and key enabler of growth, Modi said energy supply, sources and consumption patterns are changing. "Perhaps, this could be a historic transition."
Speaking at MAIT's Electronics Manufacturing Summit 2019, Electronics and IT Secretary Ajay Prakash Sawhney said there has been a "widening and deepening" of the electronics manufacturing ecosystem in the country.
The laggards were Hero MotoCorp, M&M, ONGC, Vedanta, Coal India, Yes Bank, L&T, ICICI Bank, Asian paint, Maruti Suzuki, Bajaj Auto, ITC, RIL, HUL, IndusBank, SBI, Axis Bank, PowerGrid and Sun Pharma, dropping up to 2.98 per cent.
Forex dealers said weakness in the dollar against some other currencies overseas and foreign capital inflows in the domestic equity markets supported the rupee, but a lower opening of the domestic equity market capped the gains.
Total exploration acreage is expected to more than triple to 300,000 square kilometres in two years ending 2019.
India is a gas-starved country and imports almost half of its annual natural gas consumption. Prime Minister Narendra Modi wants India to be a gas-based economy and increase the share of gas in the country's energy mix to 15 percent by 2030 from 6.5 percent now.
While most Indians have a job and are earning something, the problem is that many of them may be earning lower wages or may not be employed according to their qualifications Economic Affairs Secretary Subhash Chandra Garg said.
India is the second largest producer of silk after China and the largest consumer of silk.
The ministry, which is implementing the companies law, has already deregistered lakhs of companies that have not been carrying out business activities for a long time.
Lufthansa's management appeared to be more interested in demonstrating a hard line in negotiations than in reaching an agreement with cabin crew, German union UFO said.
Giving relief to budding entrepreneurs last year, the government allowed startups to avail tax concession only if total investment, including funding from angel investors, does not exceed Rs 10 crore.
The trust, part of the 'Tata Trusts' which collectively own 66 per cent of the over USD 100 billion Tata Sons, has been reportedly served an order withdrawing tax exemption in late December 2018 because of the high compensation.
Exhorting the industry to report any such instances, Goyal said the Government could ensure capital markets watchdog Sebi withdraws a proposal to disclose every default by listed companies, and hinted that similar measures will be taken up with RBI as well.
Allahabad Bank said the RBI has imposed a penalty of Rs 1.5 crore for not monitoring end use of funds, among other violations.
In it sixth bi-monthly monetary policy review announced on Thursday, RBI had cut the repo rate by 25 basis points to 6.25 percent.
As a result of AQR and subsequent transparent recognition by PSBs, stressed accounts were reclassified as NPAs and expected losses on stressed loans, not provided for earlier under flexibility given to restructured loans, were provided for, minister of state for finance Shiv Pratap Shukla said said.Other losers included Vedanta, Tata Steel, NTPC, ONGC, L&T, M&M, Coal India, Maruti, PowerGrid, Axis Bank, ITC and HDFC, dropping up to 5.75%.
For the government and new Reserve Bank of India Governor Shaktikanta Das, who is keen to boost private investments by lowering rates, this poses a problem.
The government has now decided that all government employees need to send an intimation if total transactions in shares, securities, debentures, mutual funds scheme and the like exceeds six months' basic pay during the calendar year.
At the sixth bi-monthly monetary policy review on Thursday the RBI surprisingly reduced the repo rate by 25 basis points to 6.25 percent and also changed the policy stance to 'neutral' from the earlier 'calibrated tightening'.
Priyanka Gandhi's logging on to Twitter with the account @priyankagandhi came on the day of her maiden visit to Uttar Pradesh as an AICC general secretary.The 30-share index was trading 140.62 points, or 0.38 per cent, lower at 36,830.47. Similarly, the 50-share NSE Nifty dropped 33.40 points, or 0.30 per cent to 11,036.00.
Saddled with debt of about $1.14 billion, Jet Airways has been hit by price competition, rupee depreciation and high oil costs. The full-service airline, which controls a sixth of India's booming aviation market, owes money to banks, vendors and lessors.
The script of 9 goes all over with little sense or direction, and abysmally poor editing makes the film a hotchpotch affair. Read our review of the Malayalam horror movie here.
After a thumping performance in the World Cup in 2017, which was followed by another respectable outing in the WT20 in Windies last year, the changing perceptions towards the Women in Blue is hard to miss.
Former New Zealand international Craig McMillan announced on Monday he will step down as the team's batting coach after this year's World Cup in England and Wales.
Kemar Roach believes that the Windies are still in with a chance of winning the final Test after Day 2 at St. Lucia saw the visitors go into a commanding position.
England bowler Mark Wood, who led his team’s fightback with career-best figures of 5-41 in the third Test against the Windies in St Lucia on Day 2 said that his “self-doubt” is behind him and that he finally “felt like an England player.”
Here's Cricketnext's report card of all the Indian players who featured in the series.
A sensational display of fast bowling from Mark Wood highlighted a riveting second day of the third Test between the Windies and England.
Corey Anderson and Adam Milne haven't played a One-Day International since 2017, but New Zealand selector Gavin Larsen says the World Cup doors are not shut on the duo.
Indian Premier League (IPL) franchise Rajasthan Royals will don a new pink kit for the IPL 2019 season, the side confirmed on Sunday.
Khaleel's poor show in the T20Is hasn't helped his World Cup chances while Vijay Shankar will probably see the series as an opportunity missed.
It was a trademark Dhoni stumping on display in the third T20I at Seddon Park in Hamilton. Left-arm wrist spinner Kuldeep Yadav had flummoxed Seifert with a well-disguised wrong un' that spun past his outside edge.
Artists say the vague wording of the draft law could lead to misuse by authorities. An online appeal calling for the vaguely worded bill to be scrapped has been signed by nearly 270,000 people.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nulla elementum viverra pharetra. Nulla facilisis, sapien non pharetra venenatis, tortor erat tempus est, sed accumsan odio ante ac elit./p>
