PUBLIC SECTOR BANKS
Believe govt is aware of telcos' stress; wants to see 3 pvt, 1 public sector player: Vodafone Idea CEO
In a post-earnings investor call, Vodafone Idea CEO Ravinder Takkar said the company has been engaging "very positively" with the govt and that its discussions on telecom stress began even before the AGR ruling was pronounced by SC. The SC, last month, ruled in favour of the govt and directed telecom cos, including Voda Idea, to pay dues as demanded by the DoT.
After Market: Telecom stocks party, banks gain on IBC ruling; sell signal in 89 stocks
Nifty Smallcap ebbed 0.19% to 5674 while Nifty Midcap ...
If govt lets Voda Idea go belly up, top banks to take big hit; FDI image hurt
State Bank of India is said to have an exposure of Rs 37,330 cr...
MSME share in exports should rise to 60%: Nitin Gadkari
The government is also planning to start new technology and training centres in the country for skilled manpower, which is essential for achieving quality in production.
I want all telcos to flourish, says FM Nirmala Sitharaman
"I want no company to shut operations. I want everyone to be up and running," the finance minister said.
4 real estate companies from three cities requests to avail bailout fund: Nirmala Sitharaman
Earlier this month, the government approved a Rs 25,000 crore fund to help complete over 1,600 stalled housing projects, including ones that have been declared NPAs or admitted for insolvency proceedings in a bid to boost growth by steering consumption in real estate and associated sectors.
Government mulls raising insurance cover on bank deposits to above Rs 1 lakh: Nirmala Sitharaman
FM said the government will bring legislations on raising bank deposit cover from the current Rs 1 lakh.
Pay-to-performance may make it tough for banks to lure top talent
The mandate, intended to motivate the top management and make it more responsible, may instead end up reducing the lure of banking sector among domestic and global professionals, some experts warned even while others welcomed the new pay guidelines based on “pay for performance principle”.
EU bank to stop funding fossil fuels in 'landmark decision'
Despite gas proving a potential sticking point, the EIB's board of directors -- composed of state representatives and the European Commission approved the new energy policy. "We will stop financing fossil fuels, and we will launch the most ambitious climate investment strategy of any public financial institution anywhere," EIB President said.
Banks Board Bureau recommends names for heading 3 state-owned banks
The Bureau recommends the following candidates, in order of merit, for the position of the MD & CEO in Bank of Baroda, Canara Bank and Bank of India, BBB said in a statement. The decision on the appointment will be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. PM Modi, in 2016, approved the constitution of BBB
Tax cut shores up India Inc’s profit, but revenues slip
First turnover fall in nine quarters due to low demand, inventory pile-up & base effect.
European Investment Bank decision to stop fossil fuel financing will hurt gas-based projects: WoodMackenzie
The board of the European Investment Bank (EIB) introduced its new energy lending policy that will focus on accelerating clean energy innovations, energy efficiency and renewable power generation.
AIIB approves investing $575 million in suburban railways and Tata Cleantech
With this, the Beijing-headquartered developmental bank's overall commitment to the country has gone up to nearly USD 3 billion, making it the largest borrower with a 30 percent share.
Sensex ekes out small gains; Voda Idea, PSU bank stocks rally
Financials and telecom major Bharti Airtel contributed the most to Sensex’s gains.
SoftBank's Paytm top-up to come with riders
If an IPO doesn't take place in 5 years, then SoftBank will have the right to sell its stake to a rival.
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