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Shares of Federal Bank on Tuesday surged over 19 per cent after the company registered a 25 per cent increase in its net profit for first quarter of the current fiscal.

Federal Bank shares soar over 19 pc as Q1 net profit rises

The bank's net profit in the corresponding three months to June in 2017-18 stood at Rs 210.15 crore.

17 July 2018 5:33 PM IST

The Finance Ministry may come out with a Rs 10,000-crore follow-on fund offer of the Bharat-22 exchange traded fund (ETF) as it looks to dilute stake in Coal India to meet the minimum public holding norm.

Finance ministry likely to infuse about Rs 10,000 cr in PSU banks

The sources said that capital infusion may take place this week itself or latest by next week.

17 July 2018 3:15 PM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

ICICI Bank postpones its annual general meeting by a month

The meeting has been rescheduled to September 12 as against the earlier schedule of August 10.

17 July 2018 11:25 AM IST

Of the total premium underwritten by non-life insurance companies during the month, public insurers garnered Rs 9,164.10 crore while private players took a combined Rs 5,785.90 crore.

Get insurance for car from monsoon-related damages

with cities getting flooded due to faulty infrastructure, it makes sense to get a monsoon cover for car before you drive...

16 July 2018 2:03 AM IST

The government has asked PNB and probe agencies to share details of the Rs 13,000 crore scam with chartered accountants apex body ICAI, which is looking into the systemic issues related to the fraud, an official said.

PNB's NPA recovery in first quarter tops FY 2018 level

The Insolvency and Bankruptcy Code (IBC) resolution process has greatly helped Punjab National Bank.

15 July 2018 3:47 PM IST

Taking merchandise and services together, overall trade deficit for FY18 is estimated at $80.61 billion as compared to $41.79 billion during FY17.

India's trade deficit widens to more than five-year high in June

India's trade balance is further bruised by a weakening Indian rupee that hit an all-time low against the dollar last...

14 July 2018 10:06 AM IST

Finance Minister Arun Jaitley

India poised to pip Britain to become 5th largest economy next year:...

India's GDP was valued at USD 2.597 trillion at the end of 2017 overtaking the French economy.

13 July 2018 3:28 PM IST

The RBI has cancel

RBI likely to raise interest rates in August: DBS

MPC will begin its three-day meeting on July 30 and announce its decision on the third bi-monthly policy.

13 July 2018 3:16 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

States fail to meet fiscal targets for third year: RBI

Decline in states' tax revenues is essentially associated with pending accounting issues related to GST implementation.

13 July 2018 9:05 AM IST

Amount of Tax locked up to come down: Piyush Goyal

Mr Goyal said the move to hike the threshold limit is a step towards ease of doing business.

13 July 2018 12:26 AM IST

It said that retail inflation is expected to moderate to 5 per cent in January (5.2 per cent previously) and that the trade deficit narrowed to $12 billion ($14.9billion previously). (Representational Image)

Inflation hits 5 per cent; IIP slows down

Economy reels from double whammy.

13 July 2018 12:24 AM IST

The industrial growth entered negative territory in June shrinking by 0.1 per cent mainly due to decline in manufacturing and capital goods sectors.

Industrial production grows at 3.2 per cent in May

Consumer durables and Consumer non-durables recorded growth of 4.3 per cent and (-) 2.6 per cent respectively in May.

12 July 2018 6:51 PM IST