Government to ensure better risk management in banks

I would only hope that they are a drop in the ocean and we have all learnt the lessons from such incidents

New Delhi: The government will ensure better risk management in state-run banks in the wake of recent scandals involving lending practices, Finance Minister Arun Jaitley said on Thursday. I would only hope that they are a drop in the ocean and we have all learnt the lessons from such incidents “Some recent instances have been disturbing,” More...

by IANS | Published 14 hours ago
The company will launch the Bolt, its second offering for the year, in the coming days
By IANS On Wednesday, August 20th, 2014
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Tata Motors to come up with two new models every year

New Delhi: Automobile manufacturer Tata Motors on Wednesday said it will launch two new models every year as part of its new marketing strategy. The company will launch the Bolt, its second offering for the year, More...

In January 2013, the government allowed oil marketing companies (OMCs) to monthly raise diesel rates in small doses
By IANS On Tuesday, August 19th, 2014
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Diesel can be market-priced by September as crude goes under $100

New Delhi: With the losses of state-run oil marketers on diesel sales below cost falling to under a rupee per litre, brokerage firm Goldman Sachs on Tuesday estimated the monthly price hikes would end after September More...

The Sensex touched a high of 26,413.11 points and a low of 26,075.28 points in the trade so far
By IANS On Monday, August 18th, 2014
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Sensex, Nifty hit new record highs

Mumbai: A benchmark index of Indian equities markets surged 309.88 points or 1.18 percent to hit a record high of 26,413.11 points before closing at 26,390.96 points on Monday. The Sensex touched a high of 26,413.11 More...

The scrip touch an intra-day high of Rs 13.60 and a low of Rs 11.46 percent
By IndiLeak Bureau On Monday, August 18th, 2014
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SpiceJet’S scrip surges 12 percent on quarterly earnings

Mumbai: Low cost airline SpiceJet on Monday reported a jump of 11.69 percent in its share price after the company came out with its first quarter earnings. The scrip touch an intra-day high of Rs 13.60 and a low More...

The sector deals in medical devices, equipments as well as diagnostics used in healthcare services
By IANS On Monday, August 18th, 2014
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Medical technology can be $50 bn industry by 2025: CII

New Delhi: The $6.3 billion medical technology industry in India has the potential to expand to $50 billion by 2025 if it receives the appropriate policy support, the Confederation of Industry said ahead of a conference More...

If inflation is high then you begin at a point where growth is low
By IANS On Saturday, August 16th, 2014
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Inflation needs to be reined-in, economic growth revived: Jaitley

Mumbai: Finance Minister Arun Jaitley on Saturday said that high inflationary pressure needs to be reined-in, while the slow economic growth needs to be arrested and subsequently reversed. If inflation is high then More...

The reserves had fallen by $573.5 million to $319.99 billion for the week ended August 1
By IANS On Saturday, August 16th, 2014
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India’s forex reserves down $643 million

Mumbai: India’s foreign exchange reserves declined by $ 643.3 million to $ 319.34 billion due to a sharp fall in the currency assets for the week ended August 8, Reserve Bank of India (RBI) data showed. The More...

The company's total income in the quarter under review came down by 0.61 percent at Rs 1,691.04 crore
By IndiLeak Bureau On Friday, August 15th, 2014
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SpiceJet’s first quarter net loss at Rs 124 crore

Mumbai: Budget carrier SpiceJet reported a net loss of Rs 124.10 crore for the first quarter of the current fiscal, down from a net profit of Rs 50.56 crore in the corresponding period of last year. The company’s More...

India has produced 264.77 million tones of food-grain this year as compared to 257.13 million tones in the previous year
By IndiLeak Bureau On Thursday, August 14th, 2014
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Foodgrain ouput 2013-14 touches record 265 MT

New Delhi: India’s foodgrain production for the agricultural year 2013-14 touched a record 264.77 million tonnes (MT) on the back of a good monsoon last year, as per the government’s revised estimates More...