In reaction to the Rs 1,774.82 crore Bhushan Power & Steel Ltd (BPSL) fraud that Allahabad Bank reported in the weekend, its scrips fell by over 11 per cent during the early trade on Monday. At 9.22 a.m., the state-run Allahabad Bank was trading 11.24 per cent lower at...
Facing the heat owing to the ongoing US-China trade war, telecommunications giant Huawei is reportedly preparing to lay off hundreds of workers in the US. ...
The US Treasury Department has urged Congress to raise the federal debt ceiling before lawmakers leave for the August recess, warning that the department will exhaust its cash by early September. "Based on updated projections, there is a scenario in which we run out of cash ...
As many as 1.87 lakh families in rural Patna are still awaiting to get the reimbursement promised under the Swachh Bharat Mission-Gramin scheme for constructing toilets in their houses. Poverty-stricken Dinanath Rai and Surajdeo Mahto constructed toilets in their ...
In a rapidly transforming global economic landscape in the face of Brexit, trade wars, debates around central bank policy and India emerging as a major economy in aggregate terms, a focus on creating a financial hub in India is both required and commendable. The Union Budget 2019 has provided incentives to...
Global software major Infosys on Friday reported Rs 3,798-crore consolidated net profit for the first quarter (Q1) of fiscal 2019-20, registering 5.1 per cent annual growth from Rs 3.612 crore in the same period a year ago. Sequentially, however, net profit in Q1 declined 6.8 per cent from Rs 4,078 ...
US stocks traded higher on Friday, as Wall Street was buoyed by the two-day monetary policy testimony of the US Federal Reserve's chairman, which opened the door wider for potential rate cuts. At midday, the Dow Jones Industrial Average rose 148.67 points, or 0.55 per cent, ...
State Bank of India's Managing Director Anshula Kant has been appointed as Managing Director and Chief Financial Officer of the World Bank Group. The appointment was announced by World Bank Group President David Malpass on Friday. Kant is currently a Managing Director of SBI where she previously also ...
A Group of Ministers (GoM) has been formed to examine vexed issue of mining in Goa, Chief Minister Pramod Sawant told reporters late on Friday. The GoM includes Union Ministers for Finance, Environment, Agriculture, Mining, Commerce & Industries, Petroleum and Law, and is led by Home Minister Amit ...
In a scene straight out of a Hollywood film, the US Coast Guard has released a video of a service member jumping onto a moving semi-submersible vessel -- often called "narco-submarine" -- filled with 16,000 pounds of cocaine worth an estimated $262 million....
