South Indian Bank on Tuesday reported a 96% year-on-year fall in net profits for the three months to September to Rs 4.32 crore.
The post South Indian Bank Q2 net profit plunges 96% to Rs 4 cr as provisions rise 253 PCT appeared first on The Financial Express.
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-
South Indian Bank Q2 net profit plunges 96% to Rs 4 cr as provisions rise 253 PCT
-
P2P players seek RBI clarification on permissibility of institutional lenders
After the RBI released guidelines for entities engaged in peer-to-peer (P2P) lending last week, an association of such entities is planning to ask the central bank to clarify whether institutions will be allowed to lend through P2P platforms.
The post P2P players seek RBI clarification on permissibility of institutional lenders appeared first on The Financial Express. -
In big relief for farmers, Centre may hike ethanol price by 5 pct for supplies to OMCs for petrol blending
The increase in the ethanol price would improve the ability of the sugar mills, the largest producers of the bio-fuel, to pay farmers on time for cane supplies.
The post In big relief for farmers, Centre may hike ethanol price by 5 pct for supplies to OMCs for petrol blending appeared first on The Financial Express. -
Oil demand to shift increasingly towards India: OPEC chief
While India plans to move towards a gas-based economy, OPEC secretary general Mohammed Barkindo feels oil demand growth to shift increasingly to India.
The post Oil demand to shift increasingly towards India: OPEC chief appeared first on The Financial Express. -
Six myths busted: Tips to keep your score good
Lack of awareness about credit reports has led to the rise of several misconceptions regarding credit scores. Here are six common myths and howyou can maintain a good credit score.
The post Six myths busted: Tips to keep your score good appeared first on The Financial Express. -
Why you need to have a diversified investment portfolio
Most investors tend to focus on keeping their savings in a particular investment or asset class.
The post Why you need to have a diversified investment portfolio appeared first on The Financial Express. -
Capital gains tax exemption available to HUF
Under Section 54, taxpayer has to either purchase or construct one residential house for the purpose of his own residence, within the prescribed period.The post Capital gains tax exemption available to HUF appeared first on The Financial Express. -
GST deadline ends tonight; 43 lakh businesses file returns for July
Some 43 lakh businesses have so far filed the final GST returns for the month of July with the deadline set to end at midnight.
The post GST deadline ends tonight; 43 lakh businesses file returns for July appeared first on The Financial Express. -
Best time to bring fuel under GST is Budget, says, NITI Aayog#39;s Rajiv Kumar
NITI Aayog vice chairman Rajiv Kumar has said that petroleum products could be brought under GST - sooner than later. In an exclusive conversation with CNBC-TV18#39;s Rituparna Bhuyan, Rajiv Kumar also said that Budget could be the best time for the inclusion of petroleum products under GST. -
GST 100 Days Report Card: Focus on construction material makers
Despite several extensions for filing GST returns, only 73 percent registered taxpayers have complied with return filing for July. In this backdrop, the big question is what is holding back the taxpayers? CNBC-TV18#39;s Utkarsh Chaturvedi spoke to a few construction material makers to find out. -
Arun Jaitley at Columbia University: World can look forward to a bigger, cleaner Indian economy in coming years
Finance Minister Arun Jaitley on Tuesday said that the world can look forward to a bigger and cleaner Indian economy in the coming years.
The post Arun Jaitley at Columbia University: World can look forward to a bigger, cleaner Indian economy in coming years appeared first on The Financial Express. -
Arun Jaitley says transition to GST 'fairly smooth', calls opposition 'ill-informed'
Jaitley, who is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and World Bank, said under the GST the government has unveiled attractive schemes to ensure that the non-compliant in India become compliant. -
Mayor Sadiq Khan to visit India, Pakistan to promote London
London Mayor Sadiq Khan announced today that he would visit India and Pakistan this year to promote the British capital as a destination of choice for trade and cultural ties.The post Mayor Sadiq Khan to visit India, Pakistan to promote London appeared first on The Financial Express. -
GST 100-day report card: Taking stock of the rollout
Taking stock of all the compliance issues and how the rollout has been so far, CNBC-TV18 speaks to an esteemed panel of the GST Council members from four crucial states. -
Indian economy may grow at 6.5% for 2017-18, says former RBI Governor C Rangarajan
Former RBI Governor C Rangarajan today said he expects that the economy would grow at 6.5 per cent for the year 2017-18.The post Indian economy may grow at 6.5% for 2017-18, says former RBI Governor C Rangarajan appeared first on The Financial Express. -
Now, IMF cuts FY18 India growth forecast to 6.7% as demonetisation, GST continue to hurt
The twin effect of GST and demonetisation seem to be taking a heavy toll on India’s economy, even if just for a short term, with now the International Monetary Fund cutting the country’s current fiscal year 2017-18 by 50 basis points to 6.7%, even while boosting the global growth outlook.
The post Now, IMF cuts FY18 India growth forecast to 6.7% as demonetisation, GST continue to hurt appeared first on The Financial Express. -
PM economic advisory panel to hold first meet tomorrow
The Council will address all issues of emergent importance, will engage with a broad spectrum of stakeholders and formulate advice accordingly which has been set up with the approval of the Prime Minister on September 26, 2017. -
Vistara to offer minimum economy class fare of Rs 1,149
The sale of tickets under the 48-hour festival offer commences from mid-night today and the travel period will be from October 26 to March 24 next year, Vistara said in a release. -
INX media case: SC to see CBI's documents on Karti's foreign account, property
The CBI told a bench headed by Chief Justice Dipak Misra that the documents contained "contemporaneous records", including the details of foreign bank accounts and properties of Karti, and the top court should look into it. -
PM economic advisory panel to hold first meet on Wednesday
The Council held a brainstorming session with stakeholders yesterday in the run up to its first meeting on Wednesday, an official statement said today. -
Economy may grow at 6.5% for 2017-18, says Rangarajan
Former RBI Governor C Rangarajan today said he expects that the economy would grow at 6.5 percent for the year 2017-18. -
Vistara announces Diwali sale
Vistara on Tuesday announced a two-day Diwali sale stating that it would offer all-inclusive fares starting at Rs 1,149 on economy class and Rs 2,099 on premium economy. -
Qatar offers discount to easy visa destinations
To celebrate Qatar Airways' twentieth anniversary, the Doha-based airline has offered Indian nationals special fares to 20 "Easy Visa" destinations, on both economy and business class. -
Billions in Change 2 offers new inventions to solve world’s biggest problems
Bhargava’s unique approach to philanthropy was originally chronicled in the 2015 documentary film, Billions in Change, which featured four solutions created by Stage 2, Bhargava’s invention shop in Farmington Hills, Michigan (USA), dealing with energy, water, and health. -
Indian banks bad loans hit record $146 billion, highest in 15 years
Indian banks' sour loans hit a record 9.5 trillion rupees ($145.56 billion) at the end of June, unpublished data shows, suggesting Asia's third-largest economy is no nearer to bringing its bad debt problems under control.The post Indian banks bad loans hit record $146 billion, highest in 15 years appeared first on The Financial Express. -
IMF lowers India#39;s growth forecast over demonetisation, GST
The IMF today lowered India#39;s growth projection to 6.7 percent in 2017, 0.5 percentage points less than its previous two forecasts in April and July, attributing it to demonetisation and introduction of the GST. -
Refund to exporters for August will be processed from Oct 18: CBEC’s Mahender Singh
The deadline for filing GST supply returns for the month of July ends today. However, if the data that CNBC-TV18 has so far is anything to go by, the figures are not too impressive. CNBC-TV18#39;s Shereen Bhan caught up with Mahender Singh Member (GST), CBEC to analyse 100 days of GST. -
Power production drops to 2,900MW in Raj on low coal supply
Power generation at four thermal power stations with a combined capacity of 4,940 MW in Rajasthan has dropped to 2,900 MW due to shortage of coal. -
IMF lowers India's growth forecast over demonetisation, GST
The latest report, released ahead of the annual meetings of the IMF and the World Bank here this week, puts China slightly ahead of India in terms of growth rate for the year 2017. -
IMF lowers India's growth forecast over demonetisation, GST
It also lowered the country's growth for 2018 to 7.4 per cent, 0.3 percentage points less than its previous two projections in July and April. -
GIC Re#39;s $1.7 billion IPO opens tomorrow
GIC Re is looking to utilise the net proceeds of the fresh issue towards augmenting its capital base to support the growth of the business -
Sovereign gold bond a better bet than physical gold this Diwali. Find out why
The government has raised the annual investment limit per person from 500 gm to 4 kg, while for trusts and similar entities, it has been raised to 20 kg. -
Govt convinced public in favour of FDI in defence: Jaitley
He also said that the body which Foreign Investment Promotion Board which sanctioned FDI proposals had outlived its purpose because of liberalisation in FDI rules. -
PE/VC investments at record high of $8.7 billion in July-Sep
The surge was driven by large transactions, with nine USD 200 million plus deals in the said quarter, the report said adding Softbank#39;s USD 2.5 billion investment in Flipkart was the largest ever PE investment in India. -
Volvo Cars starts rolling out locally-assembled cars in India
"The rollout of first locally-assembled Volvo Car speaks volumes for the company's commitment to grow further in India," newly appointed Volvo Auto India Managing Director Charles Frump said in a statement. -
Arun Jaitley in US: Government convinced public in favour of FDI in defence, says Finance Minister
The government has been able to change the public opinion in favour of FDI into sensitive areas like defence manufacturing which were earlier considered sacrosanct, Finance Minister Arun Jaitley has said.The post Arun Jaitley in US: Government convinced public in favour of FDI in defence, says Finance Minister appeared first on The Financial Express. -
Sensex gains 77 points, Nifty ends above 10,000 mark
Sensex gains 77 points, Nifty ends above 10,000 mark -
Stay interviews -- Companies#39; new tool to stop high-performers from quitting
Senior human resource professionals said that the key here is to identify the likely drop outs at an early stage and retain them. -
Royal Enfield Rider Mania returns to Goa
The road to Rider Mania commences with countrywide rides in key cities with Royal Enfield clubs and communities participating in large numbers. -
Russian central bank to ban websites offering crypto-currencies
Russian financial authorities initially treated any sort of money issued by non-state approved institutions as illegal, saying they could be used to launder money. -
Editors#39; Roundtable: Will other states follow Gujarat, Maha cut VAT on fuel?
Days after the government cut the excise duty on petrol and diesel, states are starting to follow through-- GujaratMaharashtra have cut their value-added tax or VAT on petrol and diesel. -
Worried about Delhi Metro fare hike? Here#39;s how much Metro travel costs in cities like London
A basic comparison reveals Metro travel in London is the most expensive -
NPS subscribers rise 27% to 1.78 crore
On the recommendation of the 3rd Pay Revision Committee, the department of PSE has dispensed with the condition of minimum 15 years of service and superannuation from CPSEs to avail the pension benefit implemented by CPSEs. -
Sony unveils RX10 IV camera with world's fastest auto focus
Available from October 14 at Alpha flagship stores and major electronic outlets, the camera claims to have the world`s fastest, 0.03 second high-speed auto focus (AF) with 315 focal-plane phase-detection AF points. -
RBI may cut rate in December as inflation recedes: BofAML
According to global financial services major Bank of America Merrill Lynch (BofAML), retail inflation is expected to stay muted at around 3.5 percent in September and 3.3 percent in October, which will give RBI the room to ease interest rates. -
India#39;s September gold imports jump 31% on festive demand: GFMS
Higher purchases by India, the world#39;s second-biggest consumer, could lend support to global prices that are trading near their highest level in a week. The higher imports may also widen the South Asian country#39;s trade deficit. -
Sensex rises for 3rd day; Nifty ends above 10,000-mark
Sustained buying by domestic financial institutions and widening of exposure by retail investors ahead of the second quarter earnings season amid a firming trend in the Asian region helped markets extend gains for a third day. -
Enhancement in productivity important for higher GDP, says NITI Aayog member Bibek Debroy
NITI Aayog member Bibek Debroy, who heads the five-member Economic Advisory Council (EAC), on Tuesday said enhancement of productivity was important for a country to increase its national income.The post Enhancement in productivity important for higher GDP, says NITI Aayog member Bibek Debroy appeared first on The Financial Express. -
Gold settles higher by Rs 145 to Rs 30,765 per ten grams
In the national capital, gold of 99.9 percent and 99.5 percent purity advanced by Rs 145 each to Rs 30,765 and Rs 30,615 per ten gram, respectively. -
RBI may cut rate in December as inflation recedes, says BofAML report
The Reserve Bank is expected to cut key interest rate in December amid receding inflation and signal lower rates before the busy October-March industrial season intensifies, says a report.
The post RBI may cut rate in December as inflation recedes, says BofAML report appeared first on The Financial Express.
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