Industry

LVB had been in the news with the bank facing severe capital crunch and deteriorating asset quality.Lakshmi Vilas Bank (LVB) has appointed S Sundar, its chief financial officer, the interim managing director (MD) and chief executive…
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The overall personal loans segment growth marginally fell to 16.4% y-o-y in November from 17.2% a year ago.By Hariprasad RadhakrishnanBank credit to the consumer durable segment saw a significant growth of 68% year-on-year (y-o-y) in…
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The system has been waiting for the Reserve Bank of India (RBI) to come up with a stress-resolution framework for assets under Rs 1,500 crore.Ahead of the January 7 deadline for out-of-court resolutions for a clutch of bad loans, seven…
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In the festive month of October, power consumption in the country dropped 12.5% on year; the fall was a steeper 18.8% in Prime Minister Narendra Modi’s home state Gujarat and an even more pronounced 21.2% in Maharashtra.After four…
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Minister ruled out any government plan to regulate fares. (Reuters)In the backdrop of Indian airline companies reporting huge losses in the second quarter of 2019-20, Aviation Minister Hardeep Singh Puri said on Tuesday that “some…
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 The rates were increased on the back of rise in international rates. These rates were increased on the back of rise in international rates. With the consecutive fifth monthly hike in prices, non-subsidized 14.2kg LPG cylinders on…
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ONGC had originally discovered the Panna-Mukta and Tapti (PMT) oil and gas fields in the Arabian Sea off the Mumbai coast in the early 1990s.State-owned Oil and Natural Gas Corp (ONGC) has begun an exercise to shed excess cost at the…
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Foreign funds accounted for about 78 per cent of the total investments in 2019.Investment in India’s real estate sector is likely to rise by 5 per cent to USD 6.5 billion (around Rs 46,000 crore) this year, driven mainly by huge demand…
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BSNL’s plans to issue sovereign guarantee bonds could be floated as early as FebruaryState-owned Bharat Sanchar Nigam Ltd (BSNL) has initiated discussions with the Central Board of Secondary Education and others for sale of specific land…
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A spokesperson for the Federal Aviation Administration (FAA) said the regulator is following a thorough process for returning the Boeing 737 MAX to passenger service.As many airlines worldwide await the final word on Boeing 737 MAX…
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