Share market update: Inox Wind, NLC India among top losers on BSE
In the Nifty pack, 32 stocks were in the green, while 16 stocks were in the red.
Public sector officers’ association against privatisation of BPCL
Representatives of officers’ associations from several state-run companies ...
Suspension of SMS facility in Kashmir affects services of several sectors
"We used to get details like balance, statement, credit or debit de...
Public sector banks turn profitable in April-September FY20
PSBs had posted huge losses in 2017-18 and 2018-19 financial years due to heavy provisioning for non-performing assets and other contingencies, according to the minister. State-run lenders had posted aggregate operating profits during 2017-18 and 2018-19 of Rs 1,55,603 crore and Rs 1,53,871 crore respectively.
Jefferies warns of cyclical downturns in life insurance sector; downgrades SBI Life
Jefferies highlighted high valuations and downside margin risks for private life insurers.
Modi government taking several steps to incentivise renewable energy sector: R. K. Singh
The government is facilitating developers by allowing Foreign Direct Investment (FDI) of up to 100% through the automatic route. Moreover, Inter State Transmission System (ISTS) charges and losses for inter-state sale of solar and wind power shall also be waived for renewable projects commissioned by December 2022.
Bharti Infratel declares 2nd interim dividend
The payment of interim dividend/dispatch of dividend warrants will be done on or before January 9, 2020.
Rajasthan: Discoms trip on payment to solar firms raises NPA fears
The discoms have not paid the dues for the past one year running into an estimated Rs 250-300 crore. The non-payment has also led to developers stalling ongoing projects, resulting in job losses in the sector.
Japan's Soft Bank Group to invest Rs 30,000 crore in renewable energy in Gujarat
The announcement was made at a meeting between chief minister Vijay Rupani and Executive Chairman of SB Energy Manoj Kohli. The investment will be in solar energy, wind energy and other unconventional renewable energy sources.
Wealth of top 100 Indians in real estate sector is up by 17%: Report
Mumbai accounted for 6 of the top 10 and 37 of the 100 names being its residents. Delhi and Bengaluru accounted for 19 residents each featured on the list. Almost 75% of the richest Indians from the real estate are based in these three cities.
Chinese inflation hits eight-year high as pork prices double
The widespread outbreak of swine fever since August 2018 has disrupted the pork supply in China, sending the prices of the staple meat up 110.2 percent last month November.
Pakistan violates ceasefire in J&K’s Poonch, targets civilians
Pakistan violated ceasefire in the Shahpur sector of Jammu & Kashmir’s Poonch district on December 09. Pakistan initiated unprovoked ceasefi...
Wind woes increase in India, world's cheapest market, as delays pile up threatening nation’s renewable-energy ambitions
Developers are having difficulty finding affordable land, getting financing and connecting to grids.
Tariff hikes to double telcos' Ebitda: Crisil
In the last few weeks, Airtel, Vodafone and Jio have increased their tariff- a first since 2016.
ABSL Mutual Fund launches Aditya Birla Sun Life PSU Equity Fund
The scheme will invest predominantly in companies where the government is a majority shareholder with at least 51% shareholding.
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