SBI plans to sell Essar Steel's NPAs worth over Rs 15,000 cr to recover dues

SBI plans to sell Essar Steel's NPAs worth over Rs 15,000 cr to recover dues

Wednesday, 16 January 2019 | PTI | New Delhi

SBI plans to sell over Rs 15,000 crore worth bad loans belonging to Essar Steel to recover its dues from the debt-laden steel maker. "State Bank of India (SBI) invites expression of interest (EoI) from banks/ARCs/NBFCs/FIs for the proposed sale of its non performing financial asset with total dues of Rs...

Huawei founder denies spying for China in rare interview

Wednesday, 16 January 2019 | AFP | Beijing

Huawei’s reclusive founder Ren Zhengfei stepped out of the shadows on Tuesday to give a rare media interview, forcefully denying accusations that his firm engaged in espionage on behalf of the Chinese Government. The company he founded more than 20 years ago has been under fire in recent months with the...

Facebook to invest $300 mn in local journalism

Wednesday, 16 January 2019 | AFP | New York

Facebook announced Tuesday that it will invest $300 million over three years in various projects related to journalism, especially to promote local news, which has been hit hard in the digital age. The move comes with online platforms under pressure for dominating the internet advertising ecosystem, making it harder for news...

Abu Dhabi expects India to be top source market

Wednesday, 16 January 2019 | PTI | New Delhi

Abu Dhabi expects India to continue to be the largest source market for overseas arrivals in 2019 with a growth of around 10 per cent year-on year, a senior official said on Tuesday. In 2018, the capital city of United Arab Emirates had around 3.35 lakh arrivals from India up to...

BUSINESS CORNER

Wednesday, 16 January 2019 | Agencies

Honor unveils Honor 10 Lite for Rs 13,999 onwards New Delhi: Honor — a sub-brand of Chinese firm Huawei — on Tuesday launched its new smartphone 'Honor 10 Lite' in the Indian market, priced Rs 13,999 onwards. The handset features 15.77-cm screen, 24 megapixel front and 13MP+2MP back camera, and 3400...

Unsold flats in NCR down 9 pc

Wednesday, 16 January 2019 | PTI | new delhi

Unsold housing stocks fell by 9 per cent in NCR during 2018 to nearly 1.87 lakh units on improvement in sales but the region continued to grapple with the problem of stalled residential projects, property brokerage and consulting firm Anarock said. In the data released on Tuesday, the consultant said, housing...

Sensex rallies 465 pts; IT stocks shine

Wednesday, 16 January 2019 | PTI | Mumbai

The BSE Sensex soared over 450 points Tuesday after lower retail inflation numbers for December raised RBI rate cut hopes, leading to intense buying in rate-sensitive stocks, supported by strong global cues. The sensex rally was led by Yes Bank, Infosys, Reliance Industries and TCS, surging up to 3.86 per...

Government forms GoM for GST issues in real estate

Government forms GoM for GST issues in real estate

Tuesday, 15 January 2019 | IANS | New Delhi

The Centre on Tuesday constituted a seven-member Group of Ministers (GoM) to look into Goods and Services Tax (GST)-related issues of the real estate sector. Nitin Patel, the Deputy Chief Minister of Gujarat, would head the GoM which would analyse the tax rate of GST on the under-construction residential properties for...

Sunday Edition

Globe Trotting

20 January 2019 | Agencies | Sunday Pioneer

Sharif not completely well, says special medical board

20 January 2019 | PTI | Sunday Pioneer

Bangladesh PM Hasina says Govt will work for all

20 January 2019 | PTI | Sunday Pioneer