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The Union Cabinet headed by Prime Minister Narendra Modi had approved a plan to combine Mahanagar Telephone Nigam Ltd.State-owned Bharat Sanchar Nigam Ltd (BSNL) has cleared Rs 1,700 crore of vendors dues, its CMD P K Purwar said on…

Amid slowdown blues, the government has unveiled a raft of measures over the past few months aimed at improving liquidity in the system. (Reuters)Battered by bad loan menace and fraud, the country’s banking industry eyes better days with…

In the previous session, the 30-share gauge ended 411.38 points, or 1 per cent, higher at 41,575.14.Benchmark equity indices settled the intraday trade on a mixed note tracking fall in banking and IT stocks in Monday’s choppy session.…

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Icra revises year-end outlook from stable to negative for renewable energy sector, it said.Ratings agency Icra on Monday revised its outlook for India’s renewable energy sector from stable to negative amid delays in payments from discoms…

The Reserve Bank of India’s major push towards Digital India has resulted in a rise of online payments .The number of debit cards in India is falling and has hit a two-year low. Having come strikingly close to the 1-billion mark a year…

Already, the government has exhausted its buffer stock of onion which was disposed at a subsidised rate in the local market. (Reuters)To prevent the repeat of this year’s onion crisis, the Centre has decided to create a buffer stock of 1…

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According to Icra Report the year-on-year growth in bank credit is expected to decelerate sharply to 6.5-7 per cent in FY20 from 13.3 per cent in FY19, following limited incremental credit growth in the current fiscal till date.Top 50…

The total proceeds from the bankruptcy cases should total 540 billion rupees (.6 billion).India’s banks are set for a $7.6 billion earnings windfall this month as the country’s bankruptcy court has made sudden progress in clearing a…