CATEGORIES

GNPAs of PSBs decline to 3.12% in Sep from peak of 14.58% in Mar 2018: FinMin

Gross non-performing assets (NPAs) of public sector banks (PSBs) have declined to a decade low level of 3.12 per cent at the end of September 2024 from a peak of 14.98 per cent in March 2018 on the back of measures like the 4Rs - recognition, recapitalisation, resolution, and reform - taken by the government, the finance ministry informed on Thursday.

India should remain open to investments from China: Panagariya

However, developed countries are accepting investments from China in any particular sector

India steel industry in trouble because of cheap imports; capacity utilisation at 4-yr low: ICRA

Capacity utilisation of domestic steel industry in 2024-25 is poised to slip below 80 per cent for the first time in 4 years as cheap imports nibble at market share, according to rating agency ICRA.

Cumulative capex of airports expected to grow 12% at ₹60K cr in 3 yrs: Report

The cumulative capex (capital expenditure) of Indian airports is expected to grow 12 per cent at Rs 60,000 crore in the three years through FY27 from Rs 53,000 crore during 2022-2024, to add required infrastructure for about 65 million passengers per annum, ratings agency CRISIL said on Thursday.

SWITCH Mobility unveils EiV12 & E1 low floor e-city buses

SWITCH Mobility Ltd, a subsidiary of heavy commercial vehicle manufacturer Ashok Leyland, on Wednesday launched two low-floor electric city buses-EiV12 and E1-equipped with chassis-mounted batteries, expanding its product portfolio, a top official said.

RIL SIGNS $12-13 BN OIL IMPORT DEAL WITH RUSSIA'S ROSNEFT

Billionaire Mukesh Ambani's Reliance Industries Ltd has signed a deal to import crude oil worth USD 12-13 billion a year from Russia's Rosneft for 10 years, sources said.

NCLAT appoints NBCC as consultant to complete Supertech's 16 hsg projects

Insolvency appellate tribunal NCLAT has appointed state-owned NBCC as a project management consultant to complete debt-ridden realty firm Supertech Ltd's 16 real estate projects at a cost of nearly Rs 9,500 crore, a move that will provide relief to thousands of homebuyers.

India, UK to hold next round of FTA talks in Jan

India and the UK are expected to hold the next round of talks for a proposed free trade agreement (FTA) in January to resolve the pending issues and close the negotiations, a senior official said on Thursday.

'MyBharat digital platform to offer job, business opportunities'

Union minister Mansukh Mandaviya on Thursday said the newly created MyBharat digital platform will be turned into a single-window access for jobs, training, networking and business opportunities.

Govt seeks Par nod for ₹44,143 cr extra spending in FY25

The government on Thursday sought Parliament's nod for additional net expenditure of Rs 44,143 crore in the current fiscal, mainly on account of higher spending by agriculture, fertiliser and defence ministries.

Retailers urge FM and GST Council not to go for higher 35% tax rate

Indian Sellers Collective, an umbrella body of trade associations and sellers across the country, has urged the finance minister and the GST Council not to accept some of GST rate rationalisation suggestions, including the proposal for inclusion of a special rate of 35 per cent on some products.

India unveils Taxonomy of Green Steel in big step to decarbonise production

In a major step to decarbonise the steel sector in alignment with net-zero emission intensity target by 2070, Union Minister of Steel and Heavy Industries H.D. Kumaraswamy unveiled the Taxonomy of Green Steel for India at an event held in Vigyan Bhavan here on Thursday.

Gilts down as traders make room for weekly gilt auction on Fri

Prices of government bonds ended lower Thursday as traders shed bonds before Friday's auction, expecting to pick up the gilts at cheaper prices, dealers said.

Energy transition should be done without compromising growth: CEA

Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday underlined the need to be cautious about energy transition and said that it should be done without compromising growth.

Markets end lower amid caution ahead of inflation data

Equity market benchmark indices Sensex and Nifty ended lower on Thursday due to selling pressure in index majors Reliance Industries, L&T and HUL as investors turned cautious ahead of the inflation data announcement.

Need not worry about high imports as long as exports' share rising: Comm Secy

India should not be overly concerned about imports as long as exports' share continues to grow, Commerce Secretary Sunil Barthwal said on Thursday.

Industrial production grows 3.5% in Oct from 3.1% in Sep

The manufacturing sector's growth decelerated to 4.1% in October from 10.6% a year ago

India's economic growth by end of this fiscal will be back on track: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Thursday expressed confidence that India's economic growth by end of this fiscal will be back on track despite global uncertainties.

CPI inflation eases to 5.48% in Nov from 6.21% in Oct

IN COMFORT ZONE | Creating headroom for rate cut by RBI MPC

Rupee hits record low

Settles 5 paise lower at 83.88 per USD

Man booked under POCSO

A 24-year-old man has been booked under the POCSO Act and rape charges for allegedly raping a minor girl residing in the Dindori Road area.

Man kills his mother-in-law

A man killed his mother-in-law by slitting her throat for not sending his wife back to him.

Two suicides on same day

A 16-year-old girl and a 34-year-old man, died by suicide in separate incidents on Tuesday, Dec 10.

TB detection drive begins in CS Nagar

Under the Union government’s ‘Tuberculosis Free’ campaign, the Central TB Department, with the assistance of the Serum Institute of India, has initiated a CY-TB checking drive in the district to detect TB infection.

Titan showroom burgled; valuables worth ₹20L stolen

Twenty-two burglaries have been reported in the past 19 days. Cash and valuables worth over Rs1 crore have been stolen, while the police are yet to apprehend the culprits.

‘Gurushala’ initiative for ashram schools

In a bid to improve the quality of education in government-run ashram schools for Scheduled Tribe students, the Tribal Development Department has launched an innovative initiative, 'Gurushala', in collaboration with the Pratham Education Foundation, New Delhi.

CSMC SEALS SHOPS FOR EVADING PROPERTY TAX

RECOVERY DRIVE | The action was initiated at Manzoorpura, Melamchi Bazar and Lotakaranja against three shopowners

Trimbakeshwar-Igatpuri administration sets record

Breaking the age-old stereotype of delays in government processes, Trimbakeshwar-Igatpuri Sub-Divisional Officer Omkar Pawar has initiated a remarkable drive to deliver caste, non-creamy layer, and other essential certificates to citizens within 24 hours.

CONGRESS REVIEWS DEFEAT IN JALGAON DISTRICT MEET

RETROSPECTION | District leaders criticised for demanding 11 seats and failing to mobilise party workers during the recently-concluded assembly elections

₹812 crore for crop loss compensation

The farmers in the Nanded district faced more than 33% losses of crops due to heavy rainfall during September this year.