PSU banks steady as capital infusion by government underway

Shares of PSU banks saw strong gains in an otherwise weak market on Tuesday. Reports have surfaced that the finance ministry is expected to infuse Rs 40,000 crore in state-owned banks in order to... Read more »

Bharti AXA Life new business premium increases 25% in fiscal year 2019

Bharti AXA Life Insurance Monday recorded a 25 per cent increase in its new business premium to Rs 911 crore in the financial year ended March 2019. The private sector company has... Read more »

23% urban youth remain unemployment in Q3 of fiscal year 19

Unemployment has rose to a four-decade high of 6.1 per cent in the country, latest figures released by the Ministry of Statistics and Program Implementation (MoSPI) have revealed. But the bad news... Read more »

MSME sector looks for cheaper finance, incentives in budget

As per the GST refunds, unfavourable forex and end of trade privilege to Indian firms, the micro, small and medium enterprises (MSME) sector wants the government give incentives to the upcoming Union... Read more »

RBI to cut interest rate by 25 bps Thursday; to work on economic slowdown

The Reserve Bank will slash rates for the third time in a row, based on the economic growth which dropped to a five-year low in the final quarter of 2018-19, opined experts.... Read more »

As talks with ArcelorMittal delays, SAIL on the lookout for other companies

As the talks with ArcelorMittal to form auto-grade JV firm is postponed, state-owned SAIL has started talking to other global players, a top company official said. SAIL is closely working with a... Read more »

Oriental Bank of Commerce to raise Rs 3,000 crore using QIP

State-owned lender Oriental Bank of Commerce (OBC) on Saturday said it plans to collect an estimated Rs 3,000 crore through the sale of equity shares to qualified institutional investors. The board of... Read more »

Nirmala Sitharaman to deliver union budget for FY20 on July 5

The newly appointed union finance minister Nirmala Sitharaman will present the full-year budget for 2019-20 on July 5 in the Lok Sabha. This will be the first budget of the Modi Government... Read more »

PC Jeweller drops further after Q4 results; stock suffers decline 25% in four days

Shares of PC Jeweller were trading lower for the fourth straight day, dropped 10 per cent to Rs 77.80 on the National Stock Exchange (NSE) on Thursday on the back of heavy... Read more »

MMTC Q4 net profit drops 8.26% to Rs 11.76 crore

State-owned mining and metals firm MMTC Thursday said its net profit dropped 8.26 per cent to Rs 11.76 crore in the March 2019 quarter. The company had recorded a net profit of... Read more »