Business

December 21, 2018 8:52 AM

Govt to infuse Rs 83,000 crore in PSBs in next few months

The government will infuse 83000 crore in Public Sector Banks in next few months in the current fiscal.  Briefing media in New Delhi on Thursday evening, Finance Minister Arun Jaitley said the recapitalisation will enhance the lending capacity of state-owned banks and help them come out of the RBI&a...

December 20, 2018 5:43 PM

Gold prices rise, silver slips

Gold prices on Thursday rose by Rs 150 to close at Rs 32,000 per 10 gm at the bullion market in the national capital, following a firm trend overseas amid fresh buying by local jewellers. Silver, on the other hand, fell by Rs 130 to close at Rs 37,750 per kg, owing to slackened demand from coin make...

December 18, 2018 8:59 PM

India will become five-trillion-dollar economy in 7-8 years: Prabhu

Minister for Commerce and Industry Suresh Prabhu said, with economic reforms, India will become a five-trillion-dollar economy in seven-eight years.  Mr Prabhu was speaking at the India-Turkey Business Forum in New Delhi on Tuesday.   The Minister said, Government has identified 12 champion sectors ...

December 15, 2018 7:42 AM

PSU Banks recover Rs 2.33 lakh cr worth of bad loans during 4 years

Minister of State for Finance Shiv Pratap Shukla informed Parliament that Public Sector Banks (PSBs) have recovered  2.33 lakh crore rupees worth of bad loans during the four years from financial year 2014-15 to fiscal 2017-18. In a written reply to the Lok Sabha yesterday, Mr Shukla informed that a...

December 15, 2018 7:33 AM

PSU banks do not have any plan to shut down ATMs: Govt

Minister of State for Finance Shiv Pratap Shukla has clarified that Public Sector Banks (PSBs) do not have any plans to shut down their ATMs. His statement assumes significance amidst a report by the Confederation of ATM industry warning that nearly half of the 2.38 lakh machines run the risk of clo...

December 14, 2018 8:00 PM

S&P 500 finished little changed after a volatile session

The S&P 500 finished little changed after a volatile session yesterday, as investors continued to be spooked by uncertainty on both domestic and international issues.  The Dow eked out a gain. The S&P oscillated between positive and negative territory after failing to sustain an open...

December 14, 2018 8:42 AM

Global debt hits all-time high of USD 184 trillion: IMF

The International Monetary Fund said that global debt has reached an all-time high of 184 trillion US dollars with the United States, China and Japan accounting for more than half of it. According to the IMF report, the amount in nominal terms, is the equivalent of 225 per cent of the world GDP in 2...

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