Post Tagged with: "Economy of India"

SBI made many poor commercial decisions in the past decade: MD Arijit Basu

SBI made many poor commercial decisions in the past decade: MD Arijit Basu

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} Largest lender SBI does not "mind" its lower stock valuation compared to a leaner private sector players due to state ownership and social sector focus, but admitted that it needs to improve on commercial decisions. Speaking at an event organised by former chief M Damodaran here on Thursday, Arijit Basu, a managing director at SBI, also conceded that […]

by November 21, 2019
NTPC may shell Rs 10,000 crore for Centre‘s stake in NEEPCO, THDC: Report

NTPC may shell Rs 10,000 crore for Centre‘s stake in NEEPCO, THDC: Report

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} Country's largest power producer may make an aggressive bid of about Rs 10,000 crore to buy out the Centre's stake in two hydro power producing – NEEPCO and THDC, two persons having knowledge of the development said. The Cabinet Committee on Economic Affairs (CCEA) on Wednesday cleared strategic disinvestment in the two hydroelectric power generating PSUs in favour […]

by November 21, 2019
Street positive on prospects of Balkrishna Industries despite headwinds

Street positive on prospects of Balkrishna Industries despite headwinds

The Balkrishna Industries stock has shed close to 3 per cent since its September quarter results, on account of weak numbers and downward revision of growth guidance. The company, which makes ‘off highway tyres’ (OHT), reported a 19 per cent decline in revenues, which was almost twice the level estimated by analysts. While volumes were down 13 per cent, average […]

by November 21, 2019
Competition Commission accepts Laptev‘s acquisition of Welspun Corp arm

Competition Commission accepts Laptev‘s acquisition of Welspun Corp arm

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} The (CCI) on Monday said that it has approved the acquisition of Welspun Corp's 'Plates & Coiled Mill Division' by Laptev Finance Pvt Ltd. Laptev is in the business of buying, selling, reselling, exporting, importing and trading all kinds of goods, including steel goods, while Welspun's core business is of manufacturing welded tubes and pipes of all sizes […]

by November 19, 2019
RBI plans ‘college of supervisors‘ to prevent ‘PMC Bank-like crisis‘

RBI plans ‘college of supervisors‘ to prevent ‘PMC Bank-like crisis‘

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} The Reserve Bank is in the process of setting up a 'college of supervisors' to augment the supervisory skills of its key personnel, governor has said. The development can be attributed as a response to the massive scam at Punjab & Maharashtra Cooperative (PMC) Bank, which for three years hoodwinked the regulator with cooked up books-something the annual […]

by November 18, 2019