Business

The volume of credit card transactions at PoS (point of sale) terminals and online was 1,762.59 million, valued at Rs 603,348 crore, in FY19. In the case of debit cards, there were 4,414.28 transactions valued

The programme is being piloted in Surat as it is a densely populated industrial centre where textile and dye mills release a “significant” amount of air pollution.

The seasonally-adjusted Nikkei India Services Business Activity Index, published by IHS Markit, hit 50.2 in May, against 51 in April. A reading above 50 suggests expansion, while below it signals contraction.

The downgrade of DHFL is expected to exacerbate the already parlous liquidity situation in the non-banking financial companies (NBFC) sector.

The new rates will come into effect from June 16. The insurance regulator had in March deferred the hike in third party insurance premium due to the elections.

The chargesheet alleges that the audit committee effectively connived with the management of IFIN in misrepresenting its half-yearly accounts, and thereby getting favourable ratings from credit rating agencies.

Global financial institutions will attend a US-led conference on the Palestinian economy this month that the Trump administration has cast as an overture to its Middle East peace plan, the International Monetary Fund (IMF) said

Housing demand stood at over 29,000 units in the year-ago period in seven cities namely, Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad and Pune.

The group has announced Rs 1,000 crore investment in the next three years, increasing the capacity to over 70,000 units per annum from the current 15,000 units.

As laid down in the MoU 2019-20, the Maharatna PSU has to ramp up its coal production growth to 8.75 per cent over the previous year. 

In her budget, Sitharaman will have to address slowing economy, financial sector troubles like rising NPAs and liquidity crisis in NBFCs, job creation, private investments, exports revival, agrarian crisis and raise public investment without compromising

A slowdown in government consumption was offset by solid investment, which benefitted from public infrastructure spending.

World Bank expects the economy to grow 2.6% this year. That would be the slowest calendar-year growth since 2016, and it is down from the 2.9% expansion the agency forecast in January.

“Each of jawan’s family was paid Rs 10 lakh as they were covered under a group policy bought by the Maharashtra government,’’ said an OIC official.

Variants of electric scooters, motorcycles, three-wheelers and cargo vehicles will be launched by the company. It is also introducing a network of battery charging cum swapping stations.

The government was responding to reports that showed sharp spike in bank frauds reported to the RBI.

Of the 52 dysfunctional towers, 41 failed within five years of commissioning. Most of the failed towers belonged to state-owned Power Grid Corporation of India (PGCIL), followed by Sterlite Power, L&T, Adani Transmission and Essel

The auditors’ report said that while the firm’s standalone Ind-AS financial statements have been prepared on a going concern basis keeping in view the majority stake of the government of India, it is doubtful that

“Taking cues from the last year, the bank has set the goal to achieve a healthy credit growth of 10-12 per cent in FY2020. To an extent the credit revival and recoveries in FY19 have

Apart from economic and security issues, the Council is likely to take up water management and aspirational district programmes.

A vacation bench vacated its April order that had stayed a NCLAT order on reopening of the firm’s books.

Reiterating the June 30 deadline for filing of annual returns for the first year (2017-18) of Goods and Services Tax (GST) regime, the Finance Ministry Tuesday asked taxpayers to file their returns at the earliest

Low-cost carrier SpiceJet is expanding its operations and is set to take on lease 30 planes that were flown by Jet Airways, which suspended operations in April due to cash crunch

At the interbank foreign exchange, the rupee opened on a weak note at 69.10, but gathered momentum and rose to a high of 69.00 against the US dollar, showing 26 paise gain over its previous

In April, Choksi had approached the court claiming that he had not deliberately avoided joining the investigation against him in the Rs 13,600-crore Punjab National Bank alleged fraud case.