Business

Banks wrote off a whopping Rs 1,56,702 crore of non-performing loans during the nine-month ended December 2018, taking the total loan writeoff to over Rs 7,00,000 crore in the last 10 years, according to figures

The Tata group's cash-cow delivered a net income of Rs 31,472 crore for fiscal 2019 under the Ind-AS accounting, up21.9 per cent over the previous year.

The development comes hours after the Jet Airways extended the suspension of its international operations till next Monday due to severe liquidity issues.

The inflation based on Consumer Price Index (CPI) was 2.57 per cent in February this year. On yearly basis, it was 4.28 per cent in March 2018.

Jet Airways’ pilots’ body, the National Aviators Guild (NAG), on Tuesday had served a legal notice to the airline, setting an April 14 deadline for the new management to clear the employees' salary dues.

The IPO, which could value Uber at around $100 billion, is expected to reverberate through global financial markets and to solidify the company’s position as one of the most consequential technology firms of the past

The announcement comes at a time when airfares have been on an upswing across India for the last few weeks due to sharp decline in number of flights primarily caused by grounding of around 90

Cash-strapped Jet Airways on Thursday grounded its services to and from the East and Northeast regions. It also suspended its international operations for a day.

Gopinath told Reuters in an interview that such a conflict would affect exports from many more countries and impose retaliatory duties on US goods from numerous trading partners.

According to industry sources, the airline is set to operate only five departures from Mumbai, one from Bengaluru and about 20 from Delhi on Friday.

The sharp surge in Mudra loans, meant for micro and small entrepreneurs, comes in the backdrop of ongoing general elections. Government sources said banks typically step up lending under the scheme towards the end of

Last month, Goyal stepped down as the chairman of the airline as part of a debt-resolution plan. This is expected to enable the banks to fund a suitor for the ailing carrier.

Under the current ‘point of connection’ (PoC) mechanism, the allocation of such charges is decided in advance based on projected load/generation for next quarter.

Out of a strength of about 670 planes, India has lost 117 airliners in recent months.

According to a TransUnion CIBIL-SIDBI report, commercial credit growth has continued to rise at 14.4 per cent year-on-year (y-o-y) in the quarter ended December 2018.

According to data released by the Reserve Bank of India on Thursday, bank credit rose 13.24 per cent to Rs 97.67 lakh crore for the fortnight to March 29, 2019 from Rs 86.25 lakh crore

The court had last week warned the brothers that they could be sent to jail if it was found that they had disobeyed its orders.

Naresh Goyal, the founder of Jet Airways, and his wife Anita Goyal last month stepped down from the board of the ailing airline, ceding majority control.

The institutional mechanisms for resolution and the recognition of NPLs are, of course, an extremely important part of the process of cleaning up the banking system of non-performing loans.

The number, which is below a $120 billion valuation that had been floated by investment bankers, highlights the size of the ride-hailing colossus as it prepares to embark on its market debut, the biggest in

The Sensex lost 353.87 points, or 0.91 per cent, to close at 38,585.35, while the broader NSE Nifty dropped 87.65 points, or 0.75 per cent, to 11,584.30.

Among the vacancies advertised by the lender are those for positions of 515 assistant managers, 309 executives on a contractual basis, 120 specialist cadre officers and 40 chartered accountants.

Investors of Kotak FMP Series 183 were told that almost 27% of the scheme corpus of Rs 457 crore is invested in three troubled entities facing liquidity crisis.

On Wednesday, shares of Jet Airways ended trading at Rs 263.40, 1.59 per cent lower than Tuesday’s close on the Sensex at the BSE.

As the Insolvency and Bankruptcy Board of India (IBBI) has already finalised the norms for individual bankruptcy resolution in case of personal guarantors, the government is expected to notify these within a month, sources familiar