USD 14 bn loans to builders under severe stress, may result in default: Report
Banks have advanced loans of Rs 1,000 crore to real estate firms by banks, NBFCs and housing finance companies (HFCs) which are under severe financial stress and and facing issues of debt servicing, according to a report. HFCs accounted for the largest share of total realty loans equalling 38%, followed by banks at nearly 34% share while NBFCs
Trai floats paper on transparent reporting of tariffs
The consultation paper from Trai has been issued when telecom operators have announced ...
Salaries in India likely to rise by 9.2 pc in 2020; inflation-adjusted real-wage at 5 pc: Report
India's salary growth for 2020 stood at 9.2%...
Cash is still king in resale property market: Report
According to ANAROCK Property Consultants even three years after demonetisation, up to 30 percent of the total transaction value on the secondary (resale) residential market across India can still be paid in cash.
Huawei plans legal challenge to latest US pressure: Report
The Federal Communications Commission last week branded Huawei and its Chinese rival ZTE as threats to US national security and blocked them from the fund. It also proposed that other service providers be required to cancel or replace existing services and equipment from the companies. Huawei plans to file a lawsuit in the United States next week.
View: A three-point guide for India Inc to survive slow growth
India still offers better and more exciting scenarios for growth than almost any country.
Kaspersky report: Rise in push notifications being abused by attackers
Browser push notifications were introduced several years ago as a useful tool that kept readers informed with regular updates, but today they are often used to bombard website visitors with unsolicited adverts or even encourage them to download malicious software, Kaspersky said.
90% of people trust data is safe with Aadhaar: Report
The study relied on insights from two national household surveys on Aadhaar, conducted between May and September 2019 and captured the experience of over 167,000 residents, which makes it the largest primary dataset on the use of Aadhaar.
Nissan, Renault, Mitsubishi Motors agree to form new venture for advanced R&D: Report
The three companies will announce a concrete plan in January. The new venture also aims to strengthen the alliance, in which relationships have frayed since the arrest and ouster of former supremo Carlos Ghosn.
Maruti reports 1.9% dip in sales at 1,50,630 units in November
The company had sold 1,53,539 units in November last year, MSI said in a statement. Domestic sales declined by 1.6 per cent at 1,43,686 units last month as against 1,46,018 units in November 2018, it added.
1025 Chinese transgressions reported from 2016 to 2018: Government data
Minister of State for Defence Shripad Naik, replying to a question in the Lok Sabha, said the number of transgressions by Chinese Army in 2016 was 273 which rose to 426 in 2017.
With $78 billion, India still highest overseas remittance receiver
India continues remains the top recipient of remittances, with its diaspora sending back $78.6 bn in 2018.
Rise in global temperature will bring more destructive climate impacts: UN report
If all commitment of the Paris agreement are met, global temperatures will still rise by 3.2-degree Celsius by the end of the century, a new UN Environment Programme's annual Emissions Gap Report has said. It also said that greenhouse gas emissions must be cut globally by 7.6 per cent to meet the target of keeping global temperature rise at 1.5-degree celsius.
Star India reports Rs 1,216-cr loss in FY19
The company followed a ‘conservative accounting principle’ and booked expenses of Rs 4,000 crore on the Indian Premier League (IPL) during the fiscal under review. Star India suffered losses despite a 35% increase in revenues during the year.
Citigroup hit with $57m fine in UK for incorrect reporting
Citigroup Inc was fined £44 million ($57 million) by the Bank of England for years of inaccurate reporting to regulators about the lender’s capital and liquidity levels.
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