MUMBAI: Loans written off by commercial banks between FY15 and FY24 totalled Rs 12.3 lakh crore. Of this, 53% or Rs 6.5 lakh crore of the write-offs were by public sector banks in the last five years (FY20-24), according to data provided by govt in response to Parliament queries.The loan write-offs by the banking sector…
NEW DELHI: From Saudi Arabia to the UK and the European Union to Sri Lanka, India’s model bilateral investment treaty (BIT) and the finance ministry’ steadfast refusal to tweak it is posing problems not just for trade negotiators but also for countries with which govt is seeking to work out investment arrangements.The issue of providing…
NEW DELHI: In another significant action, Enforcement Directorate (ED) on Saturday said it restituted properties worth Rs 4,025 crore to JSW, a successful resolution applicant of the erstwhile Bhushan Power and Steel Ltd, under corporate insolvency resolution process of Insolvency and Bankruptcy Code.The assets were attached by ED in 2019 after a money laundering probe…
MUMBAI: Three large IPOs, all of which closed on Friday, have collectively attracted investor interest worth about Rs 2.2 lakh crore. The three companies – Vishal Mega Mart, Sai Life Sciences and One Mobikwik – had set out to mobilise Rs 11,615 crore from the public, data from the exchanges showed.Of these three IPOs, the…
NEW DELHI: After months of sluggish sales, strong demand for derma and cardiac drugs drove the organised pharma retail market to double-digit growth in Nov, with heavy pollution in several parts of the country boosting Foracort sales. The medication, used for asthma and respiratory issues, topped the market in Nov with sales of Rs 82…
MUMBAI: Through its AI initiative – FinAI, a key pillar of Bajaj Finance 3.0 – the company aims to triple lead conversion rates, double back-office productivity, and boost front-line performance by 1.5 times. The company’s AI-driven transformation will integrate with its existing cloud and digital infrastructure, said Rajeev Jain, managing director of Bajaj Finance. “We’ve…
MUMBAI: Dalal Street witnessed huge volatility on Friday, with the sensex swinging over 2,100 points in intraday trades and finally closing 843 points up at 82,133 points – a two-month closing high. The day’s gains came on the back of strong foreign fund buying at Rs 2,335 crore, BSE data showed.The sensex opened Friday’s session…
UIDAI recommends updating Aadhaar Card details once every decade to maintain accuracy. Aadhaar card free update deadline: The UIDAI has announced that Aadhaar cardholders have the opportunity to update their information without any charges through the myAadhaar portal. This service will remain free until the specified deadline. Those who have changed their residence or moved…
The technical view suggests continued sideways movement in Nifty. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Friday. While BSE Sensex was below 81,100, Nifty50 was near 24,500. At 9:17 AM, BSE Sensex was trading at 81,080.00, down 210 points or 0.26%. Nifty50 was at 24,489.45,…
Foreign brokerage house Macquarie has an ‘outperform’ call on L&T with a target price of Rs 4,210 (+9%). Analysts feel L&T’s West Asia E&C prospects continue to look good and central govt capex is expected to pick up soon.Antique Stock Broking has a ‘sell’ call on Rallis India with a target price of Rs 310…
