US Fed says large banks prepared to withstand economic crisis

US Fed says large banks prepared to withstand economic crisis

Sunday, 23 June 2019 | AFP | Washington

Major banks operating in the United States would be able to withstand a severe global economic crisis with funds to spare, the Federal Reserve said Friday. The Fed announced the results of its annual bank stress tests, showing the 18 largest financial institutions would suffer losses but still have enough of...

G2 plans IPO to expand footprint globally

G2 plans IPO to expand footprint globally

Saturday, 22 June 2019 | PTI | Bengaluru

Business software marketplace G2 is planning for an IPO to expand its global presence. G2 is a IT buyers platform where they can discover and buy software and avail of service to solve specific issues. "We've raised funds and acquired companies. Also, we are now financially in a good position. G2 is...

Etihad demands open offer waiver of Jet

Etihad demands open offer waiver of Jet

Saturday, 22 June 2019 | PTI | Mumbai

State-run SBI on Friday said Etihad Airways had sought waiver of open offer and assurance of flying slots for take over of Jet Airways, but the lenders to the debt-ridden carrier had no authority to accommodate the relaxations sought. State Bank of India (SBI) chairman Rajnish Kumar had Thursday defended the...

Business Corner

Saturday, 22 June 2019 | PNS

International Day of Yoga was observed in Chittaranjan Locomotive Works on Friday, in a befitting manner to spread the awareness regarding usefulness of yoga Eight lakh NCC cadets practised yoga pan India on Friday Yoga Day was observed by Assam Rifles in Shillong and numerous forward posts and the entire North Eastern...

Oil jumps 6% on Trump threat after Iran downs spy drone

Saturday, 22 June 2019 | AFP | London

World oil prices spiked more than six percent Thursday on President Donald Trump warning Iran made “a very big mistake” after it boasted of downing a US spy drone. The developments accelerated day-on-day gains in US oil benchmark WTI in late New York morning trading. Europe’s Brent Crude rose by nearly five...

Niti asks 2, 3-wheeler makers for EV conversion plan in 2 weeks

Saturday, 22 June 2019 | PTI | New Delhi

Government think-tank Niti Aayog has asked conventional two- and three-wheeler makers to suggest within two weeks concrete steps towards transition to electric mobility keeping in mind 2025 deadline, according to sources. At a meeting of the manufacturers and start-up electric vehicle (EV) makers called by Niti Aayog on Friday, the industry...

BSR & Associates resigns as statutory auditor of IL&FS Investment Managers

Saturday, 22 June 2019 | PTI | New Delhi

IL&FS Investment Managers said on Friday that audit firm BSR & Associates LLP has resigned as the statutory auditors of the company. "We hereby inform that BSE & Associates have resigned as the statutory auditors of the company," it said in a regulatory filing. The announcement has come a day after BSR...

Rs  tumbles 14 paise amid US-Iran rift

Saturday, 22 June 2019 | PTI | Mumbai

The rupee dived 14 paise to close at 69.58 against the US dollar Friday, pressured by firming crude oil prices amid intensifying geopolitical tensions in the Gulf region. A broad sell-off in the domestic equity markets also kept sentiment at a low ebb, forex traders said. At the interbank foreign exchange (forex)...

Sunday Edition

Love always wins!

23 June 2019 | PNS | Sunday Pioneer

Most at home as a playwright

23 June 2019 | Arvind Joshi | Agenda

Krishna’s message on work-life balance

23 June 2019 | Dr Asha Goswami | Agenda

Pray to God for guidance

23 June 2019 | Ajit Kumar Bishnoi | Agenda

Astroturf | We must not take depression lightly

23 June 2019 | Bharat Bhushan Padmadeo | Agenda

A will to live well

23 June 2019 | Shalini Saksena | Sunday Pioneer