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Public sector banks recover Rs 1.2 lakh cr from bad loans in 2018-19

Public sector banks recover Rs 1.2 lakh cr from bad loans in 2018-19

Banks recovered close to Rs 55,000 crore from the NCLT resolution, an official said.

25 May 2019 1:10 PM IST

State Bank of India to conduct a customer outreach programme next week

State Bank of India to conduct a customer outreach programme next week

The -'Mega Customer Meet-', to be held on Tuesday, is expected to engage with 100,000 customers across 500 locations.

25 May 2019 12:59 PM IST

REC Ltd net profit rises 50 pc to Rs 1,256 crore in March quarter

REC Ltd net profit rises 50 pc to Rs 1,256 crore in March quarter

REC Ltd-'s consolidated net profit for 2018-19 was Rs 5,741.38 crore, up from Rs 4,450.52 crore a year ago.

24 May 2019 6:22 PM IST

Ashok Leyland Q4 net dips 12 pc at Rs 653 crore

Ashok Leyland Q4 net dips 12 pc at Rs 653 crore

For 2018-19 fiscal, the firm reported a consolidated profit of Rs 2,194.6 crore as against Rs 1,813.82 crore in 17-18.

24 May 2019 5:02 PM IST

JSW Steel Q4 consolidated net profit shrinks 48 pc to Rs 1,495 crore

JSW Steel Q4 consolidated net profit shrinks 48 pc to Rs 1,495 crore

The company had posted a consolidated net profit of Rs 2,879 crore in the year-ago quarter, JSW Steel.

24 May 2019 3:58 PM IST

$Delay in offer: IHH says it \understands concerns\ of Fortis\ minority shareholders$ Business

Delay in offer: IHH says it -'understands concerns-' of Fortis-'...

The delay is due to the stay imposed on the open offer by the Supreme Court of India in the contempt case filed by...

24 May 2019 3:23 PM IST

Infosys completes acquisition of 75 pc stake in ABN AMRO Bank subsidiary Stater

Infosys completes acquisition of 75 pc stake in ABN AMRO Bank...

ABN AMRO continues to hold the remaining 25 per cent in Stater.

24 May 2019 1:53 PM IST

OVL FY19 net profit jumps 71 pc on rise in oil production

OVL FY19 net profit jumps 71 pc on rise in oil production

Oil production rose to 10.1 million tonnes in 2018-19 from 9.35 million tonnes in the previous year.

24 May 2019 12:17 PM IST

Reliance Capital to exit Mutual Fund biz, sells RNAM stake to Nippon Group

Reliance Capital to exit Mutual Fund biz, sells RNAM stake to Nippon...

Reliance Cap will use the entire amount to reduce its outstanding debt by 33 per cent.

24 May 2019 1:53 AM IST

$India Inc hails \NaMo again\, watches for bold reforms in NDA 2.0$ Business

India Inc hails -'NaMo again-', watches for bold reforms in NDA 2.0

NDA 2.0 must unleash bold initiatives to transform the economy, said industry captains.

23 May 2019 7:11 PM IST

Domestic air passenger growth falls in April due to grounding of Jet Airways

Domestic air passenger growth falls in April due to grounding of Jet...

The key reason was grounding of Jet Airways on April 17, which cut the total seat capacity and shrank the market.

23 May 2019 5:48 PM IST

On Reliance Capitals partnership with Nippon Life, Ambani said their Rs 9,000-crore investment in life insurance and asset management businesses represents the largest FDI from Japan in India.

Reliance Capital to exit mutual funds biz; sells stake to Nippon Life...

Reliance Capital said it has signed binding definitive agreements with Nippon Life Insurance of Japan.

23 May 2019 12:40 PM IST