Markets tumble after initial rally amid mixed global trends
Equity indices started the trade on a firm note on Monday with the Sensex climbing 254 points, but within minutes, the benchmarks pared all early gains to trade in the negative territory. The BSE benchmark was trading with a jump of 253.69 points at 51,614.11 in early trade. The Nifty too...
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India protected farmers’ interest at WTO meet: Min
20 June 2022 | PTI -
Canara Bank aims to improve bottom line further with balanced focus on retail, business lending
20 June 2022 | PTI -
Market crash: Top 10 firms lose `3.91 lakh cr in m-cap; TCS, RIL biggest laggards
20 June 2022 | PTI -
428 infra projects show cost overruns of Rs 4.98 lakh cr
20 June 2022 | PTI -
Sovereign Gold Bonds saw max traction in Covid-hit years; next SGBS tranche opens today
20 June 2022 | PTI -
ESIC to cover entire India under ESI Scheme by year end
20 June 2022 | PTI -
Coal stock at more than 52 MT; enough for about 24 days’ requirement of power plants
20 June 2022 | PTI
Govt directs GENCOS to buy rakes for captive use to ensure smooth coal supply during monsoon
The Government has directed the power generation companies (GENCOS) to buy rakes for captive usage, a move which will ensure smooth supplies of coal during the monsoon season. Each year during the monsoon season, the production of domestic coal also falls, Power Minister R K Singh told PTI. When asked if the...
‘RBI’s ‘Payments Vision 2025’ aims to establish India as powerhouse of payments globally’
The Reserve Bank’s ‘Payments Vision 2025’ document, which seeks a three-fold jump in the number of digital payments, is progressive and aims to establish India as a powerhouse of payments globally, opined industry players. The RBI on Friday came out with its ‘Payments Vision 2025’document which also talks about ring-fencing of...
FM to meet heads of PSBs today to review performances
Finance Minister Nirmala Sitharaman is scheduled to meet the heads of public sector banks (PSBs) on Monday to review the performance of the lenders and the progress made by them on various schemes launched by the government for the revival of the economy. Banks would be urged to sanction loans for...
‘Normal monsoon, interest rate cut key to bringing down inflation by year end’
A combination of normal rainfalls aiding bumper agriculture output and the Reserve Bank of India (RBI) further hiking interest rates to cut easy money in the system hold key to bringing down multi-year high inflation triggered by surging food and fuel prices, economists said. Although the Government has room to further...
Indian insurers create 'fertiliser pool' to cover imports from Russia
In order to provide insurance cover to fertilisers imported from Russia and Belarus, the Indian insurance sector has created a Rs 500 crore 'fertiliser pool', said a senior industry official. "With European reinsurers not willing to provide reinsurance support to imports from Russia and Belarus and while India imports a sizable...
428 infra projects show cost overruns of Rs 4.98 lakh cr
As many as 428 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.98 lakh crore, as per a report. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and...
‘Coal Ministry should import all coal for power sector'
With overseas shipments becoming increasingly necessary to meet the burgeoning power demand in the country, centralised import for all electricity utilities by the coal ministry should be done as it would bring efficiencies and reduce cost, sources said. Two sources with knowledge of the matter said a view emerging in...
