Indian Railways' dedicated Freight Corridor to give Amazon, Flipkart cheaper way to transport
The Dedicated Freight Corridor Corporation of India Limited (DFCCIL) is developing the eastern and western freight corridors with a cumulative length of over 3,000 km. “E-commerce players are extremely interested in carrying their consignment through rail because it’s cheaper,” Anurag Sachan, MD, DFCCIL, said.
CIL to increase spot e-auction offering to 15%
Till December, it had offered close to 46 MT through auctions, of which the booked quantity wa...
Coronavirus outbreak in China disrupting global tech sector: S&P
The coronavirus outbreak in China is disrupting the global technology sector...
Why the stock market was not gung-ho about India Inc's 'good' Q3 numbers
The growth in net profit of different sectors was a mixed bag in the third quarter of 2019-20. The fourth quarter also looks hazy– in addition to the ongoing domestic slowdown, uncertainties triggered by Coronavirus scare are adding to the woes.
5.7% growth forecast for FY21 looks reasonable: B Prasanna, ICICI Bank
“There could be a downside risk for want of a data. Once the data comes in, and once we figure out that the value chains are getting impacted, we will revise our call. One should also realise that there are lot of industries which could possibly try to spin the story around in a positive manner,” Prasanna said.
Share market update: BSE Midcap index dips; Union Bank plunges 9%
The S&P BSE MidCap index was trading 1.22 per cent down at 15329.40.
India’s IT sector to grow 7.7% in FY20: Nasscom
The industry body said the sector added 2,05,000 jobs in the ongoing fiscal year, up from the 1,85,000 jobs it added in FY19. The sector is still ‘cautiously optimistic’ about the next financial year starting April, officials said.
Irregularities found at Pakistan’s top bank after U.S. sanction
The findings are contained in a State Bank of Pakistan report, finalized in the first half of 2019, on Habib Bank Ltd.’s operations in the United Arab Emirates. The inspection was conducted after the Financial Action Task Force, a global watchdog for illicit financial activities, put Pakistan on its monitoring list.
With AGR ruling, banks fear surge in bad loans
SC's ruling puts at risk the nearly Rs 30,000 cr loans to Voda-Idea, whose survival is now at serious risk.
Govt to infuse Rs 1,300 cr in Exim Bank next fiscal
The government has decided to pump Rs 1,300 crore into state-owned Export-Import Bank of India (Exim Bank) to fund its business growth.
Govt's IDBI Bank move may hold a clue for future of public sector banks
Dilution of holding in banks has been a long cherished desire of govts, despite it being a controversial.
ESOP for public sector bank employees mooted
Employees in PSBs are paid in fixed salaries all these years which according to the Survey does not encourage risk-taking and innovation. The Survey said that these banks which control 70% of the market share in Indian banking, lag considerably in performance metrics when compared to their peers.
F&O: Nifty forms a small-bodied candle, suggests buying interest
India VIX fell 2.28 per cent to 13.70 level.
NCDs offer 4-6% more than bank FDs, but limit your exposures
Financial planners said the disparity in the rates makes a case for investment in NCDs.
Axis inks pact with Max Fin and its unit for likely strategic deal
Max Group’s Singh said a deal would give a boost to the overall life insurance sector.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service