Economy – Page 168 – Asian News from UK

Indian Banks’ NPLs near FY14 levels: Report

The bad loan scenario in Indian banks has improved as the net non-performing loans (NPL) are at a six-year-low. According to a report by Kotak Institutional Equities, net NPLs for banks are

November 18, 2020

Economy·India News

Kris Gopalakrishnan to become first Chairperson of RBI’s innovation hub

The Reserve Bank of India (RBI) has appointed Infosys co-founder Senapathy (Kris) Gopalakrishnan as Chairperson of the RBI Innovation Hub (RBIH). The RBI in its Monetary Policy Statement on Development and Regulatory

November 17, 2020

Business·Economy

India opens more sectors to foreign investment

India’s Department for Promotion of Industry and Internal Trade, DPIIT, has notified the opening up in more sectors for foreign direct investment. These sectors are single-brand retail trading, contract manufacturing and coal

November 17, 2020

Business·Economy

BPCL Shares Down As major Oil Giants Skip the Race

Shares of the state-run petroleum major Bharat Petroleum Corp. Ltd. (BPCL) fell nearly five per cent a day after the deadline for submitting bids for the strategic sale of the company ended.

November 17, 2020

Business·Economy·India News

Aviation sector to hit pre Covid levels soon: Minister Puri

Civil Aviation Minister Hardeep Singh Puri has exuded confidence that air travel will reach pre-Covid level by the end of current year or early next year. Addressing the ‘Deccan Dialogue’ organised by

November 17, 2020

Business·Economy·Travel & Tourism

Finance Commission Presents Report To The PM

The Chairman and Members of the 15th Finance Commission presented a copy of its report for the period 2021-22 to 2025-26 to Prime Minister Narendra Modi. The Commission had submitted its report

November 17, 2020

Economy·India News

World Bank to advise DIPAM on asset monetisation

The Department of Investment and Public Asset Management (DIPAM) on Monday signed an agreement with the World Bank to get advisory services for its asset monetisation plan. Disinvestment department DIPAM is mandated

November 16, 2020

Business·Economy

As deadline arrives, Govt expects quality bids for BPCL

As the deadline for submitting the Expressions of Interest (EoI) for privatisation of BPCL close on Monday there is buzz of mixed interest amongst the bidders. There is buzz that global majors

November 16, 2020

Business·Economy

COVID19 disruption Casts Shadow on PLL-Tellurian Deal

In what may be a big casualty of Covid-19 related market disruptions, India’s Petronet LNG Ltd. may push back its $2.5 billion investment plan in US LNG developer Tellurian’s upcoming Driftwood LNG

November 15, 2020

Business·Economy

India’s Merchandise Exports Decline Over 5% in October

India’s merchandise exports in October declined by over 5 per cent on a year-on-year basis. As per the Ministry of Commerce and Industry’s data released on Friday, merchandise worth $24.89 billion were

November 15, 2020

Economy·India News

Economy - Page 168