The NCLT has admitted the plea of IDBI Bank relating to default of Rs526 crore loan by Jaypee Infratech and appointed an interim resolution professional for it Source: Livemint.com (http://www.livemint.com/rss/industry)
The RBI paper said the excess deposits accrued to the banking system due to demonetisation are estimated in the range of Rs 2.8-4.3 trillion Source: Livemint.com (http://www.livemint.com/rss/industry)
India’s factory output, measured in the terms of the index of industrial production (IIP), declines by 0.1% in the month of June, compared with a 1.7% rise in May Source:…
Bank of Baroda subsidiary Nainital Bank is planning a new asset-light model and aims to roll out digital banking services across India in the next two years Source: Livemint.com (http://www.livemint.com/rss/industry)
With around 60% of rooftop space in India not fit for solar installations given their sub-par design, the plan is to create a new category of solar-ready roofs Source: Livemint.com…
The Canteen Stores Department (CSD) network, the largest organized retailer in India, has been dragging down sales for FMCG firms across the board Source: Livemint.com (http://www.livemint.com/rss/industry)
The Ficci-IBA survey reveals that NPAs in public sector banks shot up considerably, with 91% respondents from PSBs reporting an increase in bad loans Source: Livemint.com (http://www.livemint.com/rss/industry)
RBI’s dividend payout to the government, for the year ended 30 June 2017, has fallen to Rs30,659 crore from Rs65,876 crore in the previous year Source: Livemint.com (http://www.livemint.com/rss/industry)
Lattice80 is in discussions with 30 tenants for a 30,000 sq.ft space in Visakhapatnam. The hub can host as many as 100 tech start-ups Source: Livemint.com (http://www.livemint.com/rss/industry)
There have been 43 million new mobile subscriptions in India, which is the highest and is attributed to the ‘welcome offer’ by Reliance Jio Source: Livemint.com (http://www.livemint.com/rss/industry)