by pallanus | Jun 2, 2020 | Business News
Prime Minister Narendra Modi while addressing the inaugural session of CII annual conference exuded confidence that India will get its growth back and that the government is focused on long-term growth. Prime Minister Narendra Modi. (Photo: PTI) Prime Minister...
by pallanus | May 28, 2020 | Business News
The RBI has also imposed penalties on Karnataka Bank and Saraswat Cooperative Bank apart from the Bank of India. File photo of RBI (Photo Credits: PTI) Reserve Bank of India on Thursday imposed a penalty of Rs 5 crore on the Bank of India for non-compliance with the...
by pallanus | May 28, 2020 | Business News
The country had received FDI of USD 44.36 billion during April-March 2018-19. Singapore emerged as the largest source of FDI in India during the last fiscal with USD 14.67 billion investments. (File photo: Reuters) Foreign direct investment (FDI) in India grew by 13...
by pallanus | May 28, 2020 | Business News
India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government and banking sources told Reuters. The government initially...
by pallanus | May 26, 2020 | Business News
India’s fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, CRISIL said on Tuesday as it predicted the economy to shrink by 5 per cent in the current fiscal because of coronavirus lockdown. “The first...
