The Union finance ministry on Wednesday held a meeting with the top officials of public sector banks (PSBs) to review their performance during the April-September period of the ongoing financial year. The meeting, chaired by M. Nagaraju, secretary of the department of financial services, reviewed key areas including financial performance, asset quality, recovery and resolution,…
New Delhi: Low-cost carrier SpiceJet Ltd’s loss increased about 36% year-on-year to ₹621 crore in the July-September quarter, hurt by foreign exchange losses and as many of its planes remained grounded for maintenance. Loss in the previous quarter was ₹234 crore and ₹458 crore in the year-ago-period. Revenues declined both sequentially and year-on-year by 30%…
New Delhi: State-run thermal power major NTPC Ltd is scouting for land across 16 states to develop nuclear power plants, said two people in the know of the development. These states include Bihar, Andhra Pradesh, Madhya Pradesh, Chhattisgarh and Gujarat, they said. “NTPC is now talking to the governments of 16 states and looking for…
“I changed my mind about supplements when my wife started using Metabolically Lean and lost 10kg in three months. It also sorted out her longstanding bloating issue,” said Chennai-based Javeed, who runs a business that offers the tech and hardware for digital screening of movies. He also started using Gut Cleanse this month. Metabolically Lean,…
In his bestselling book The Alchemy of Finance, Soros recounts an investing episode which offers a window into his mindset and tactical nous. In the early 1970s, banking stocks were among the least favoured by investors. Banks were seen as stodgy, old-school institutions which had still not recovered from the traumatic failures of the Great…
Drug authorities in states such as Delhi, Himachal Pradesh, and Uttarakhand have already issued warning closure notices to firms that don’t comply with good manufacturing practices (GMP), requiring them to upgrade by the end of the year. The move ends a one-year grace period granted to micro, small, and medium enterprises (MSMEs) to comply with…
HT Media Ltd, the publisher of Mint and Hindustan Times newspapers, narrowed its loss to ₹4.34 crore in the quarter ended 30 September from ₹6 crore a year ago. While revenue from operations rose to ₹451.50 crore from ₹423.75 crore a year ago, total expenses also jumped to ₹495.92 crore from ₹488.67 crore, HT Media…
Bank holiday today: Banks across Bihar will remain open today, November 11, during the second phase of Legislative Assembly polls, according to the Reserve Bank of India region-wise holiday calendar. Bank holiday for Bihar Assembly elections The Legislative Assembly elections in Bihar are being conducted in two phases to elect 243 members to the state…
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The industry is expected to raise these concerns with road transport minister Nitin Gadkari on 11 November, in what may be a last attempt to secure some relaxation in timelines. Industry executives said two issues dominate the debate: the ability to scale up supply and the increase in costs that could follow. Analysts estimate vehicle…