NEW DEVELOPMENT BANK
Centre taking steps for development of mining sector: Government tells LS
The minister said considering the future of mining industry, the National Mineral Exploration Trust has been constituted under Section 9(C) of the MMDR Act for taking up detailed and regional exploration and studies for mineral development.
India assures renewable developers of pro-business policies
"Government is committed to managing curtailments to enhance the ease of doing bu...
ADB trims India's GDP growth forecast to 5.1% in FY20
"India's growth is now seen at a slower 5.1 per cent in fiscal year 2019-20 as the foun...
Australian shares slip as new US tariffs loom; banking stocks drag
The S&P/ASX 200 index snapped a three-session rally to end 0.3 per cent at 6,706.9.
Share market update: Bank shares gain; RBL Bank rises 2%
The Nifty Bank index was trading 0.36 per cent up at 31,271.80.
Share market update: PSU bank shares rise; Canara Bank gains 1%
The Nifty PSU Bank index was trading 0.43 per cent up at 2429.15 .
Bank auditors have to be more vigilant
Under the new framework, statutory auditors, in verifying whether an NPA has been correctly identified by the bank, should not confine to the objective tests laid down but “display a greater degree of scepticism and independence” in scrutinising banks’ exposure to big borrowers.
Stock market update: Private banks edge higher; City Union Bank gains 2%
The Nifty Private Bank index was trading 0.31 per cent up at 17,291.1.
Stocks in the news: YES Bank, Bharti Airtel, Dish TV, Tata Motors and IDBI Bank
Concor said L & L Partners has been appointed as legal advisor for divestment of the firm
Pakistan, Asian Development Bank sign loan agreement worth USD 1.3 billion
On Friday, the bank said it has approved a USD 300 million policy-based loan that will help Pakistan to address financial sustainability, governance, and energy infrastructure policy constraints in country's energy sector.
TikTok owner has a new music app for India - Resso
Record companies credit TikTok with minting a new generation of music stars, including Lil Nas X, the singer of “Old Town Road.” As it has attracted hundreds of millions of users with their music, however, those companies are now demanding ByteDance increase the licensing fees it pays.
View: A policy shift away from GDP generation, and towards improving development indicators, is long overdue
For India, there are three key steps we may explore. First, to measure the destruction of natural and social capital.
Net banking & card frauds up 50%, Delhi is ATM con capital
The numbers of ATM frauds in public sector banks were, however, more revealing. While State Bank of India, with over 58,000 ATMs across India at the end of March 2019, accounted for over 25% of the over 2 lakh cash dispensers, one in five frauds were reported at its ATMs. The second-placed IDBI Bank saw close to 1,800 frauds being reported.
SoftBank takes loss in sale of Wag, dog-walking startup
Wag’s troubles have been particularly pronounced. After its investment, the Vision Fund brought in Hilary Schneider, former chief executive of LifeLock, to lead an aggressive expansion. But it lost ground to Rover, its top competitor. Reports of lost dogs and internal struggles hurt business.
Buzzing stocks: YES Bank, Vodafone Idea, Dish TV, SBI
YES Bank (Rs 435.73 crore) was also leading the pack of most active stocks in value terms.
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