BUSINESS

Ex-RBI governors warn of NPAs delaying recovery

9:59 pm November 2, 2020

Mumbai: Domestic banks, which have the highest bad loan pile in the world, pose a huge risk to the recovery of the pandemic-ravaged economy unless the government rescues them, four former Reserve Bank governors warn in a soon-to-be-released book. While Raghuram Rajan blames excessive investments by companies and the exuberance of bankers, coupled with inability […]

Sensex ends 144 pts higher; financial stocks sparkle

5:58 pm November 2, 2020

Mumbai: Equity benchmark Sensex ended 144 points higher on Monday, tracking strong buying sentiment in financial stocks amid positive cues from global markets. After gyrating 633.11 points in a choppy session, the 30-share BSE index settled 143.51 points or 0.36 per cent higher at 39,757.58. Similarly, the broader NSE Nifty advanced 26.75 points or 0.23 […]

Maruti Suzuki sales increase 19 pc to 1,82,448 units in October

1:09 pm November 1, 2020

New Delhi: The country’s largest carmaker Maruti Suzuki India (MSI) on Sunday reported an 18.9 per cent increase in sales at 1,82,448 units in October. The company had sold 1,53,435 units in October last year, Maruti Suzuki India (MSI) said in a statement. Domestic sales increased 19.8 per cent to 1,72,862 units last month as […]

Nirmala wanted me out of Finance Ministry, says former finance secretary Garg

7:08 pm October 31, 2020

New Delhi: Subhash Chandra Garg, the former finance secretary who was shunted out of the finance ministry within three weeks of Modi-2.0 government’s first budget last year, on Saturday alleged that new Finance Minister Nirmala Sitharaman got him transferred out. Garg, who took voluntary retirement soon after being moved from the finance ministry – where he handled […]

Sensex ends 136 pts lower; Nifty slips below 11,650

7:00 pm October 30, 2020

Mumbai: Equity benchmark Sensex declined 136 points on Friday following losses in Infosys, ICICI Bank and Bharti Airtel amid a selloff in global markets. After gyrating 746 points during the day, the 30-share BSE index ended 135.78 points or 0.34 per cent lower at 39,614.07. Similarly, the broader NSE Nifty slipped 28.40 points or 0.24 […]