Banks struggling with the Rs 10-lakh crore non-performing assets (NPAs or bad loans) crisis are likely to recover around Rs 70,000 crore by the current fiscal-end over the Rs 80,000 crore they have already recovered through the insolvency cases resolved by the NCLT, Finance Minister Arun Jaitley said on Thursday....
Textile city Solapur in southeast Maharashtra is eying to be the country's uniform sourcing hub, said a trade official on Thursday. "We plan to have about 2,000 garment units in the textile city to become the world's uniform sourcing hub by 2022," Solapur Garment Manufacturers ...
After a massive exodus of foreign funds from the country's capital market segment in 2018, analysts anticipate a recovery in inflows on the back of robust corporate earnings and resolution of the ongoing liquidity crisis. Experts are of the opinion that foreign fund outflows last year was due to rise ...
The key Indian equity market indices on Thursday opened higher despite a muted trend in Asian markets. The Sensitive Index (Sensex) of the BSE, which had closed at 35,891.52 points on Wednesday, opened higher at 35,934.50 points....
Chinese stocks opened lower on Thursday, with the benchmark Shanghai Composite Index down 0.14 per cent to open at 2,461.78 points. The Shenzhen Component Index opened 0.21 per cent lower at 7,134.15 points, Xinhua news agency reported. ...
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 149.00 basis points to 6.8631 against the US dollar Thursday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 ...
Access to credit, data and transportation are among the most crucial drivers of economic well-being. To ensure better access to critical needs in India, Rod Tidwell's famous line from Jerry Maguire, "Show me the money", would hold in good stead. Access to the correct quality and quantity of financing at the right time is crucial to improving ec...
People wielding knives and rocks have vandalised self-driving vehicles operated by Waymo, which is the driverless car company owned by Google's parent company Alphabet in the US state of Arizona. More than 20 incidents of vandalism on the self-driving cars have reportedly occurred since 2017, when Waymo arrived in Chandler, Arizona....
The use of Artificial Intelligence (AI) offers about $340 billion cost-saving opportunity for those retail companies that are able to scale and expand the scope of their existing deployments, according to a new global study from French technology services major Capgemini. ...
The coming general elections, along with the ongoing US-China trade war and crude oil prices will determine the trajectory of Indian equities in 2019. Additionally, the Reserve Bank of India's (RBI) rate stance, direction of foreign fund flows, the rupee's strength against the US dollar, quarterly ...
