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
View: A three-point guide for India Inc to survive slow growth
India still offers better and more exciting scenarios for growth than almost a...
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%...
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.
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.
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.
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.
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.
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.
Chinese spy defects to Australia with trove of intelligence: Report
The Nine network newspapers said the a Chinese defector, named as Wang "William" Liqiang, had given Australia's counter-espionage agency the identities of China's senior military intelligence officers in Hong Kong and provided details of how they funded and conducted operations in Hong Kong, Taiwan and Australia.
FASTag adoption, new projects to improve NHAI cashflows: Report
It can be noted that NHAI has been facing funding and cash flow issues leaving many of its projects stalled. The national road builder's debt has risen eight times between fiscals 2014 and 2019 to Rs 1.8 lakh crore, primarily due to spiralling land cost which generally makes up 30-35 percent of a project cost.
Spicejet shares fall 3% amid reports of liquidity crunch, QIP plan
SpiceJet is facing liquidity crunch and planning to raise Rs 750 cr via QIP, reports say.
Indoco Remedies receives EIR from USFDA
Indoco Remedies got "establishment inspection report (EIR) for its Clinical Research Organisation, AnaCipher, located at Hyderabad for the inspection carried out by the United States Food and Drug Administration (division of New Drug Bioequivalence Evaluation) from August 5 to August 9, 2019," the filing said.
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