Business
Coronavirus Impact Likely to Push up Bad Debt of Indian Banks to 12.5% by Next Year, Says Report
RBI Governor Shaktikanta Das highlighted the uncertainty to economic growth, but said once the post-pandemic phase was reached the focus would be on calibrated unwinding of regulatory and other dispensations.
No Free Lunches: Raghuram Rajan Says Monetisation by RBI Comes at a Cost, Cannot Be Everlasting
The former RBI Governor said the central bank has been expanding its balance sheet and buying government debt on the back of excess liquidity..
Bank Staff Unions, IBA Agree on 15% Hike in Salary, Allowances of 37 Lenders
The wage revision would be effective from November 2017, according to the agreement signed by bank unions and the Indian Banks' Association (IBA).
Covid-19 Pandemic to Bite India's Economy Deeply, GDP to Shrink by 6% in FY21: Report
The yet to be stabilised infection curve reflects a deeper double-digit contraction in Q1 of FY21 and a shallower pickup in Q2 and a return to growth in Q3, said Singaporean brokerage DBS.
Pandemic May Lead to Large-scale Bankruptcies, Unethical Behaviours: Survey
42 per cent of Asia Pacific respondents predict large-scale bankruptcies, while 50 per cent expect that the crisis may induce growing unethical behaviour in the investment management industry.
India's Debt-to-GDP Ratio to Shoot up to 87.6% in FY21 Due to Extra Govt Borrowing Amid Pandemic
Over four percentage points of the increase in the debt-to-GDP ratio is attributable to the fall in growth, which is going to result in GDP contraction during the year, analysts said.
HDFC Bank Q1 Profit Rises by 20% to Rs 6,659 Crore
The country's largest private sector lender clocked a net profit of Rs 5,568.16 crore in April-June 2019-20.
FMCG Sales in June at Pre Covid-19 Levels Helped by Rural, Traditional Channels: Nielsen
According to Nielsen, both urban and rural sales are growing but the recovery/sales from the undeveloped semi-urban/rural quarters are much faster and traditional trade channels have scored over modern trade outlets as retail outlets and hypermarkets.
HCL Tech Q1 Net Profit up by 31.7% at Rs 2,925 Cr; Shiv Nadar Steps Down as Chairman
IT firm HCL Technologies on Friday posted 31.7 per cent rise in consolidated net profit at Rs 2,925 crore for the June 2020 quarter.
Oil Prices Steady as Clouds Gather over Fuel Demand, Looser Supply Curbs amid Surge in Covid-19 Cases
On Thursday, the United States reported at least 75,000 new COVID-19 cases, a new daily record
Coronavirus-triggered Global Recession to Put Pressure on APAC Corporates: Moody's
It said although fiscal and monetary stimulus programmes in both advanced and emerging markets have helped stabilise financial markets and provided temporary relief to companies, operating performance and financing capability of companies are vulnerable t...
Air India Ends Work From Home, Opens All Offices From July 20 Without Separate Covid-19 Roster
However, 'Work From Home' option will be considered for employees who are at higher risk due to medical conditions, pregnant women, and those staying in containment zones.
Sensex Plunges 661 Points in Line with Global Sell-off and Losses in Financial Stocks
While IndusInd Bank, Axis Bank, Maruti, Bajaj Finserv, PowerGrid and SBI were among the major laggards, Titan, Bharti Airtel and Bajaj Auto closed with gains.
Huawei Revenue Growth Slows to 13.1% in First Half of 2020 as US Pressure Continues
Revenue rose 13.1% to 454 billion yuan ($64.90 billion) in the first half of the year, compared to 401.3 billion yuan the year before. However, the company's growth rate was down from 23.2% in the first half 2019. Huawei said net profit margins were 9.2%,...
I-T Dept Asks Taxpayers to Verify E-filed Tax Returns for Assessment Years 2015-16 to 2019-20 by Sept 30
A taxpayer filing ITR electronically without digital signature has to verify it using either Aadhaar OTP, or logging into e-filing account through net banking, or by Electronic Verification Code (EVC) or by sending a duly signed physical copy of ITR-V thr...
Reliance Industries Market Cap Zooms Past Rs 12 Lakh Crore-mark After Rise in Share Price
The market-heavyweight stock jumped 3.64 per cent to a record high of Rs 1,947 on the BSE. At the National Stock Exchange (NSE), it rose by 3.70 per cent to a lifetime high of Rs 1,947.70.
