Panel pill to fight bad loan

A panel of bankers has been formed to look into the feasibility of setting up an asset reconstruction company (ARC) or an asset management company (AMC) for the speedier resolution of bad loans plaguing PSU banks.
Our Special Correspondent Jun 09, 2018 00:00 IST

Rush to fill vacancies

The Centre will fill up top vacant positions in PSU banks over the next 30 days.
Our Special Correspondent Jun 09, 2018 00:00 IST

Harley duty bait to humour US

India is likely to lower duties on Harley Davidson bikes as part of a package of trade measures that commerce minister Suresh Prabhu will offer his American counterparts in talks next week.
Jayanta Roy Chowdhury & R. Suryamurthy Jun 09, 2018 00:00 IST

Reliance proposal to extend Mukesh term

Reliance Industries has sought shareholders' approval to give Mukesh Ambani another five years as the chairman and managing director of the company.
PTI Jun 09, 2018 00:00 IST

Bid to bring natural gas under GST

The issue of including natural gas in the goods and services tax could be taken up in the next meeting of the GST Council, a senior government official said on Friday.
Our Special Correspondent Jun 09, 2018 00:00 IST

Usha Martin set to exit steel

The board of Usha Martin will meet on Monday to consider a potential sale of the steel business.
Sambit Saha Jun 09, 2018 00:00 IST

Bond yield crosses critical level

Yields on benchmark 10-year security on Friday breached the 8-per-cent mark for the first time in three years. However, there was some relief as they closed below these levels.
Our Special Correspondent Jun 09, 2018 00:00 IST

Deocha coal mining option

The Bengal government could explore the underground mining option to lift coal from the Deocha Pachami block in Birbhum. The block has reserves of 2,102 million tonnes.
A Staff Reporter Jun 09, 2018 00:00 IST

Trade pacts hurt local paper firms

Free trade agreements with Asean countries and South Korea are pushing paper and paperboard imports into India, prompting domestic manufacturers to seek government intervention.
A Staff Reporter Jun 09, 2018 00:00 IST

India mulls Iran payment option

India plans to use the euro as well as the rupee to continue its vital trade in crude with Iran in view of the US sanctions on Tehran.
Jayanta Roy Chowdhury Jun 08, 2018 00:00 IST

RIL lists future growth drivers

Reliance Industries chairman and managing director Mukesh D Ambani expects digital services and organised retail to contribute "meaningfully" to the private sector's consolidated profits even as both these consumer segments will be on a par with its energy and materials business over the next decade.
Our Special Correspondent Jun 08, 2018 00:00 IST


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