Banking system safe, stable: RBI
The central bank issued a statement that the Indian banking system was ‘safe and stable’. – The Hindu – Economy
Month: October 2019
A goat can cost you: Coal India stops work as locals spar over animal death
Protests by locals in eastern India over a trespassing goat killed in an accident halted operations and cost Coal India unit Mahanadi Coalfield Ltd (MCL) 26.8 million rupees ($377,000), a … Read More
IL&FS Says It Aims To Resolve Half Its Debt By March 2020
IL&FS has a total debt of close to a trillion rupees and Mr Kotak-led management has put several of its group companies up for sale to raise funds to pay … Read More
Government Appoints Mallikarjuna Rao As Chief Executive Officer Of PNB
The government in August merged United Bank of India and Oriental Bank of Commerce with Punjab National Bank, making the proposed entity the second largest public sector bank (PSB). … Read More
Surjit Bhalla Appointed As Executive Director Of IMF
The key post of Executive Director at the multilateral agency had fallen vacant after the death of Dr Subir Gokarn in July this year. – NDTV Profit – Latest
IL&FS says it aims to resolve half its debt by March 2020
India’s Infrastructure Leasing & Financial Services (IL&FS) said on Tuesday it aims to resolve 50% of its debt by March 2020 and had identified resolution plans for all of its … Read More
Auto sales continue to slump in September
Firms pin hopes on festive purchases – The Hindu – Industry
IL&FS may resolve 50% of debt by FY20: Uday Kotak
The veteran banker gets one-year extension as chairman of the debt-ridden firm – The Hindu – Industry
IRCTC IPO subscribed 3.25 times till October 1
The initial public offer (IPO) of Indian Railway Catering and Tourism Corporation (IRCTC), which opened for subscription on Monday, was subscribed 3.2 – The Hindu – Industry
Oil flat as weak U.S. economic data weighs, lower output supports
Oil prices steadied on Tuesday, pressured by weak U.S. economic data that dimmed the crude demand outlook, while finding some support from reports of an output decline from the world’s … Read More