PUBLIC SECTOR BANKS
Public sector lenders gear up to renew focus on tea sector
Assam government has indicated that it would consider higher usage of unused land in tea estates on a case-to-case basis for business diversification. Earlier, it had restricted the use of idle land to just 5%. West Bengal too has decided to allow the tea garden owners to use up to 15% of the unused land within the tea estates for promoting tourism.
Public Sector Banks reported frauds of over Rs 95,700 cr in Apr-Sep
Government owned banks reported frauds of over Rs 95,700 crore in the fir...
PSBs report fraud of more than $13 billion in 6 months
PSBs reported 5,743 cases of fraud in 6 months, most of which had taken place over the...
Saudi Aramco: Wall Street banks walk into a $2 trillion mess
Almost all of the big Wall Street and European investment banks are on the roster for the sale of shares.
Cabinet likely to consider proposal to bring down its stake below 51 pc in CPSEs soon
Last week, Finance Minister Nirmala Sitharaman said the government would move forward on the merger of the three state-owned general insurance companies -- National Insurance Company, United India Insurance and Oriental Insurance Company -- as announced in the previous Budget.
Slowdown in auto sector cyclical; government taking steps to support the sector
Minister of Heavy Industries and Public Enterprises Prakash Javadekar said the sector is facing a prolonged downturn due to various reasons, including reduction in finance availability and increase in cost due to upfront collection of insurance premium.
CSB Bank IPO price band set at Rs 193-195, to raise Rs 410 cr
Kerala-based CSB Bank (formerly Catholic Syrian Bank) on Tuesday announced a public issue of shares to comply with RBI mandate to list, in w...
15 stocks from six niche sectors showing signs of leading next rally
These stocks come from unusual sectors such as insurance, asset management, paints, etc.
View: India must tap private sector for closing tech gap with global military powers
Defence production and R&D will not make the desired leap unless MoD proactively supports the private sector in manufacturing and R&D, and revamps the DRDO. It is time the MoD tapped the entrepreneurial energies of the private sector to bridge the technological gap between India and the advanced military powers.
Sameer Narayan on what to do with Voda-Idea, YES Bank & PSU stocks
The fear of a lot of subscribers going out of network is slightly premature.
YES Bank slips 3% on divergence in bad loans for FY19
The divergence in net NPAs of the bank stood at Rs 2,299 crore for 2018-19.
Indonesian billionaire joins race for Videocon
Videocon Industries owns a stake in the prized Ravva oil field in the Krishna-Godavari basin.
Banks brace for DHFL, telecom woes
With some respite after the curtains were drawn on the Essar Steel case, banks are still not breathing easy. Troubled Airtel and Vodafone-Idea posted record losses after the AGR ruling, which might keep profits of banks under check. RBI data show that banks have a Rs 1.15 lakh crore exposure to telecommunications as of Sept 2019, up 25% from a year ago.
Stocks in the news: YES Bank, RIL, Vodafone Idea, NBCC, AB Capital
Here are a few stocks which may buzz the most in today’s trade.
CPSEs can be globally competitive if government, management roles spelt out: CII
The report, set to be released on Monday, recommends that the government inform the top management of CPSEs about its disinvestment plans, a press release by the CII said. “Given the current environment of divestment uncertainty, it is critical to apprise the CPSE top management in advance, about a decision on this,” the release stated.
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