View: Domestic stability is a prerequisite for an economic revival
India Inc, in its interactions with the PM, should have driven home the simple fact that peace and stability is a prerequisite for the economy getting back on track, and that needs to be in place before attending to administering any medicines for the country’s current economic ills.
Dalal Street week ahead: Financials lose momentum; realty & metals take charge
A cautiously positive outlook is advised for the coming week.
Maldives on same page with India on Indian Ocean stability: FM Abdullah
When asked about achievements of the Solih government over the past 1...
Essar resolution to have significant impact on financial ecosystem: Satish Gupta, Essar's Resolution Professional
"The resolution of Essar Steel with realisation of more than Rs 42,000 crore has significant impact on financial ecosystem. With availability of funds and committed additional infusion of Rs 8,000 crore by ArcelorMittal, Essar Steel’s under-utilised productive asset can now operate at its optimal level of production and enhance capacity utilisation," the resolution professional of Essar Steel said.
Share market update: Nifty Financial Services index down; PFC falls 1%
The Nifty Financial Services index was trading 0.49 per cent down at 14583.75.
Bain Capital looks to team up with Sunil Munjal to buy Max Financial Services
Apax Partners also approached; Hero Corp & Analjit Singh currently in exclusive discussions
Momentum generated by PMJDY needs to be taken forward: RBI
The National Financial Inclusion Strategies (NFIS) document for 2019-24 also said the digital infrastructure in the country needs to be expanded through better networking of bank branches, banking correspondent outlets, micro ATM, PoS terminals and stable connectivity.
Supreme Court’s review petition dismissal last straw in sectoral financial distress: COAI
“The Supreme Court’s dismissal of the review petition is the last straw in contributing to financial distress and it remains to be seen whether the industry will be able to recover from this setback,” Rajan S Mathews, Director General of the Cellular Operators of India (COAI) said.
Making efforts to financially strengthen bank further: Yes Bank
"All efforts are being made to financially strengthen the bank even further. Kindly, therefore, pay no heed to these unfounded reports," Yes Bank said. Last week, Uttam Prakash Agarwal, an independent director of Yes Bank resigned from the board and stepped down as head of its audit committee citing major corporate governance concerns.
View: Political stability should not be confused with stability of the regime
More than any tax break or investment subsidy that the Budget may or may not announce, what Indian business, and Indians in general, would like to hear from the government is a declaration of commitment to restore the normalcy of political stability.
FCA India expands Jeep Compass range, drives in diesel automatic trims
Auto-maker FCA India on Tuesday launched two variants of its sports utility vehicle Jeep Compass priced up to Rs 24.99 lakh. The two variants -- Longitude and Limited Plus with all wheel drive (AWD 4x4) configuration powered by the locally manufactured BSVI-compliant 2 litre 173 HP turbo-diesel engine.
Govt likely to take more steps to deal with financial sector problem: Rajiv Kumar, NITI Aayog VC
The government since August has taken several steps, including liquidity support to housing finance companies, one-time partial credit guarantee to public sector banks for purchase of high-rated pooled assets of non-banking finance companies (NBFCs) and mega merger of public sector banks.
Share market update: Nifty Financial Services index down; REC dips 2%
The Nifty Financial Services index was trading 0.2 per cent down at 14,606.10.
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