SBI Cards and Payment Services on Friday posted a 66 per cent fall in net profit at Rs 84 crore for the quarter ended March 31

Non-food credit fell Rs 67,910 crore to Rs 102.17 lakh crore, while food credit fell Rs 1,430 crore to Rs 52,643 crore.

State governments had Rs 3,823 crore loans from RBI in the week ended May 1, compared with Rs 1,063 crore in the previous week, the release showed.

INR-USD future contracts will be available for 22 hours across all time zones for all global participants from GIFT IFSC.

The new recharge plans launched by Reliance Jio offer 33 per cent more value over competition's annual Rs 2,399 plan, Reliance Jio said.

The government resorts to market borrowing to make up for the mismatch between its revenue and expenditure.

Net flows into mutual funds that invest in equity fell 47 per cent to Rs 6,212 crore in April from Rs 11,722 crore in March, AMFI data showed.

Government will now borrow Rs 30,000 crore via a sale of bonds each week, sharply higher than the Rs 19,000-21,000 crore scheduled earlier.

Consumption of diesel was down about 55.6 per cent year-over-year at 3.25 million tonnes. Sales of petrol dropped by 60.6 per cent from a year earlier to 0.97 million tonnes.

On Friday, Reliance Industries announced a $1.5 billion stake sale in Jio to Vista Equity Partners, the third deal in just over two weeks.

A second instalment of the government-run Sovereign Gold Bond (SGB) scheme will open for subscription from Monday, May 11. The Sovereign Gold Bonds - issued by the Reserve Bank of India (RBI) on...

Ms Sitharaman also said that about three crore farmers with agri loans totaling Rs 4,22,113 crore availed the benefit of the 3-month loan moratorium.

Gross non-performing assets came in at 5.53% in the quarter ended March 31, as against 5.95% in the previous quarter.

Talking to FE, principal secretary, excise and sugar industry and cane development, Sanjay R Bhoosreddy said this arrangement has been made in face of the lockdown.

No automatic approval; move seen to curb opportunistic takeovers.

The move to allow e-tailers to sell/deliver non-essential items was strongly opposed by small businesses led by The Confederation of All India Traders (CAIT).

21 downgrades a day since January compared with 15 between January and mid-March.

Indian internet consumer businesses raised $2.1 billion from investors in the January-March period, about 14% less year-on-year, data from market research firm Tracxn showed.

During FY12-17, a cumulative generation capacity of 99,209 MW was added against a target of 88,537 MW, outpacing the growth in demand and resulting in a declining trend of PLFs.

DBT ensures that the cash benefit is directly credited into the account of the beneficiary, eliminating the risk of leakage as well as improving efficiency.

Truck drivers, traders, retailers, transporters and other stakeholders, who were facing problems in inter-state movement of any commodities, have been asked to seek help from the call centre.

India currently has solar modules manufacturing capacity of 7-8 gigawatts (GW). This includes the units of players like Adani Solar, Tata Solar, Waaree Energies and Vikram Solar.

India, which was among the last set of nations where the Covid-19 spread its tentacles, has announced a Rs 1.7-lakh-crore (0.8% of GDP) relief package for the poor and the vulnerable and is planning to calibrate its reponses to help the economy over the coming weeks.

The order also directs the village sarpanchs (heads) to permit these workers to enter their villages, and to make an official note recording their entry.

Delay in local clearances, incomplete supply chain and closure of front-end sales, key reason for firms in a wait and watch mode

Like Maharashtra and Telangana, Odisha has also been forced to cut expenditure and defer some others, including salary payments to manage the finances at the current juncture.

Through the SEIS, the government offers domestic exporters duty credit scrips at 5-7% of the net foreign exchange earned, depending on the nature of services.

“We have no regrets in doing so. It will help us come out of the crisis stronger,” Nilanjan Roy, CFO, said on Monday.

Reddy spoke of how it is very difficult to catch asymptomatics, unless individuals get themselves tested on demand, or the public health authorities organise testing in a cluster.

Prior to the move, all FDI proposals from only Pakistan and Bangladesh were required to be cleared by the government.

Except Madhya Pradesh, no other state has so far acted upon the Centre’s advisory, leaving farmers, the intended beneficiaries of the move, high and dry.

While for the latter the companies, including Vodafone Idea, have sought the facility to pay in installments spread over some 20 years which is currently before the SC, there's been no such demand for current payments.

For a country that depends on imports to meet 85% of its crude oil requirement, the benign prices of the commodity will also have another beneficial outcome as reduced subsidy bills.

This fund of funds may make downstream investments in venture capital and alternative investment funds that will, in turn, invest in MSMEs with AAA or AA-rated ratings.

The audit firms had argued that the government’s move to ban the auditors under section 140(5) was unconstitutional, since it did not apply to former auditors of any company.

Nevertheless, as many as 69% of respondents in a Ficci-commissioned survey have indicated that measures initiated so far by the government are inadequate and called for more steps.

According to Credit Suisse, Facebook's investment will accelerate Jio's digital monetisation drive wherein RIL transferred Rs 1.08 lakh crore of debt from Jio to Jio Platforms.

Since the deal between the two firms is not exclusive, tomorrow Facebook is free to forge any kind of alliance with the likes of Amazon or Flipkart on the retail side.

Other telcos may face the heat in the long term by the nature of partnership which over time may see their high-end subscribers moving on to Jio's network just by the brand pull of WhatsApp.

Oyo’s consolidated losses increased to $335 million in the year to March 2019 from $52 million in FY18 as expansion into international markets, including key market China entailed heavy costs.

The partnership between Reliance Retail Whatsapp - inked on Wednesda -and could mean more competition for the likes of BigBasket and Grofers and others like Amazon and Flipkart looking to get a share of the food and groceries pie.

India is among the last set of nations to face the Covid-19 outbreak, but the longer it takes to shape its economic response, the costlier its interventions will be, according to industry executives.

As reported earlier, Vodafone Idea on Tuesday paid around Rs 1,367 crore to the department of telecommunications (DoT) towards its licence fee and spectrum usage charge for the January-March quarter.

In view of the mounting attacks amid the Coronavirus outbreak, the IMA had been demanding that the government formulate a law to protect health workers.

While the Reserve Bank of India (RBI) has allowed borrowers a three-month repayment holiday for term loans, keeping insolvency proceedings in abeyance would be an additional breather for borrowers who may default on loan repayments thereafter.

Part of the explanation can be higher co-morbidity in certain cities and also a shortage of critical equipment like ventilators.

As retail prices of petroleum products are mapped with international rates, the steep fall of global crude prices in Q4FY20 meant that by the time refiners sold their products after processing crude, retail rates had fallen.

One reason for it could be that IndiGo, with its free cash of over Rs 9,400 crore as on December 31, is in a better position than most peers to tide over the crisis.

Unilever had expected demand to pick up across its markets in H2 of 2020 with a growth of 3%. The company had lowered its guidance for 2020 in December 2019 and now its long-term guidance band for the current year too stands suspended.

Currently there are about 48.34 lakh central government employees and 65.26 lakh pensioners. The DA/DR increases are in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.