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Wednesday, July 18, 2018

Briefly Business: Govt’s public debt up 5.4% in Jan-Apr 2012

The government’s public debt in the January-March 2012 period increased by 5.4 per cent to Rs 35,98,791 crore over the previous quarter

Written by Press Trust Of India | Published: May 3, 2012 1:07:07 am

Govt’s public debt up 5.4% in Jan-Apr 2012

New Delhi: The government’s public debt in the January-March 2012 period increased by 5.4 per cent to Rs 35,98,791 crore over the previous quarter,the Finance Ministry said on Thursday.

Willful default amount due to acquired NPAs: Kotak

Mumbai: The willful default amount of Kotak Mahindra Bank in the Credit Information Bureau (India) Ltd (Cibil) data is primarily on account of NPAs of other banks and NBFCs that the bank has acquired. “Kotak Mahindra Bank is among the few banks that is active in acquiring such NPAs. The amount paid for such acquisition is normally a fraction of the amount due,which includes overdue interest,” said a spokesperson of Kotak Mahindra Bank.

101 districts not covered by general insurance: Irda

New Delhi: IRDA has identified 101 districts which are still unrepresented by any non-life insurance company and has advised general insurance firms to explore the possibility of opening offices there.

Subramanya resigns as Tata BP Solar CEO

New Delhi: Solar power solutions major Tata BP Solar on Wednesday said its chief executive officer K Subramanya has resigned from the company.

Nokia files patent suit against RIM,HTC

New Delhi: Nokia has filed a suit against BlackBerry-maker RIM,HTC Corp,and Viewsonic Corp in the US and Germany alleging infringement of its patents.

KF staff may move Labour Court over salaries

Mumbai: A section of Kingfisher Airlines staff including engineers and pilots is mulling the option of moving the Labour Court to expedite settlement of their dues.

CCI okays Satyam,Tech Mahindra merger

New Delhi: CCI has approved the merger of Mahindra Satyam with Tech Mahindra.

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