US secretly expelled two Chinese diplomats, report says
Weeks after the incident, the State Department placed restrictions on the activities of Chinese diplomats, in what it said was a response to years-old Chinese regulations limiting the movements of US diplomats.
Chhattisgarh tops in policy and infrastructure readiness, mission mode projects performance: Report
Chhattisgarh was followed by Maharashtra,...
Housing sales may rise marginally by 4% in 2019: Report
Housing sales are estimated to rise by mere 4 per cent to 2.58 lakh units across seve...
NBFCs to face funding constraints in 2020: Reports
Indian Non - Banking Financial companies could face solvency strain in the new year as funding would remain a constraint despite surplus system liquidity, according to global ratings firm Moody’s. Funding difficulties are forcing NBFC to reduce lending, resulting in funding constraints for borrowers relying on non-bank lenders.
PNB under-reported bad loans by Rs 2,617 crore in FY19
As per RBI, PNB has under-reported its NPAs for the fiscal year 2018-2019.
China tightens up on info after Xinjiang leaks
People in touch with state employees in China say the government in the far west region of Xinjiang is destroying documents and taking other steps to tighten control on information. The meetings began days after The New York Times published last month a cache of internal speeches on Xinjiang by top leaders including Chinese President Xi Jinping.
India to be an outlier in the global economy: Report
Nomura expects that growth in major global economies may weaken in 2020, like US growth may slip from 2.3% to 1.8%, China (6.1% to 5.7%), the euro area (1.2% to 0.9%) and Japan (1.0% to 0.2%). This will be offset by a handful of smaller EMs – Brazil, Mexico, India, Turkey and South Africa – rebounding from tepid growth in 2019.
World Bank report projects strong long-term potential for Northeast
The report comes amid turmoil in the north-eastern states over the new citizenship rules that became law on Thursday, and Japanese Prime Minister Shinzo Abe cancelling his India visit during which he was to hold the annual summit with his Indian counterpart, Narendra Modi, in Guwahati starting this Sunday.
Indian airlines likely to post loss of over $600 million this fiscal: report
In June, it projected a consolidated net profit of $500-700 million in the optimistic case.
Funds to boost NBFCs, HFCs and Realty may flow soon
Rs 20kcr proposals likely to get nod in 2 weeks; FM promises support to any sector that needs help. Finance minister Nirmala Sitharaman promised support to any other sector that may need help following a finance ministry presentation on ‘Major Interventions to Boost the Economy’ in the Capital on Friday.
IFIN case: Regulator says Deloitte didn’t comply with guidelines
NFRA has said that Deloitte had failed to comply with auditing standards in carrying out statutory audit of IL&FS.
RBI expects forensic audit report on PMC Bank by month-end
The multi-state co-operative bank has been under the RBI restriction since September 23, after it had found financial irregularities, including huge under-reporting of loans and non-performing assets to real estate developer HDIL to the tune of Rs 6,500 crore using hundreds of dummy accounts.
House panel to submit report on online safety of kids in a month
14-member committee mulls over legislative provisions to address online exploitation. The government has revealed in the ongoing Parliament session that 377 websites hosting child pornography have been taken down while 50 first information reports (FIRs) have been filed in cases of online sexual exploitation of children.
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