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.
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