SBI to auction NPA assets worth Rs 6,169 cr in March

New Delhi, March 20 (IANS): The State Bank of India will auction non-performing assets (NPAs) amounting to Rs 6,169 crore in the next 10 days to recover its dues from various defaulting business outfits. The country’s largest lender carries out auctions of financial assets of those defaulters who have not paid their dues. From March […]

5G reserve price: TRAI says industry consulted

New Delhi, March 20 (IANS): TRAI chairman R.S. Sharma on Wednesday put the ball back into the operators’ court after they complained that the 5G spectrum reserve prices were higher, saying the operators were consulted over the base price and the government has not sought any further review on it so far. “If the government […]

Economists raise concerns over India’s slowdown with RBI chief

Economists raise concerns over India’s slowdown with RBI chief

Shaktikanta Das, Reserve Bank of India (RBI) Governor, takes a question during a news conference in Mumbai on December 12, 2018. (REUTERS File Photo) MUMBAI, March 19 (Reuters): Economists raised concerns over a sharp slowdown in Indian economy and pitched for a monetary policy boost to support growth at a meeting with the Reserve Bank […]

Xiaomi launches Mi Pay to take on Google Pay, Paytm

New Delhi, March 19 (IANS): Aiming to take on the likes of Google Pay and Paytm, Chinese handset maker Xiaomi on Tuesday launched its Unified Payments Interface (UPI)-based payments application “Mi Pay” for its MIUI users in India. According to the company, the Mi Pay service aims to be an all-in-one payments solution for its users. […]

Government asked banks to save Jet, avoid bankruptcy

Government asked banks to save Jet, avoid bankruptcy

A Jet Airways plane is parked as another moves to the runway at the Chhatrapati Shivaji International airport in Mumbai on February 14, 2018. (REUTERS File Photo) NEW DELHI, March 19 (Reuters): India’s government has asked state-run banks to rescue privately held Jet Airways without pushing it into bankruptcy, as Prime Minister Narendra Modi seeks […]

RCom pays Rs 460 crore owed to Ericsson

Mumbai, March 19 (Reuters): Ericsson has received 4.62 billion rupees ($67.42 million) from Indian telecoms firm Reliance Communications Ltd (RCom), the Swedish company said on Monday, potentially saving billionaire Anil Ambani and two RCom directors from a jail term. Late last month, India’s top court found Anil Ambani, chairman of the debt-laden firm, guilty of […]

Boeing faces growing scrutiny in Ethiopian crash probe

Boeing faces growing scrutiny in Ethiopian crash probe

American civil aviation and Boeing investigators search through the debris at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia on March 12, 2019. (REUTERS File Photo) ADDIS ABABA/PARIS, March 18 (Reuters): The world’s biggest planemaker faced escalating pressure on Monday after Ethiopia […]

New Fujifilm mirrorless digital camera now in India

New Delhi, March 18 (IANS): Fujifilm India on Monday introduced a new mirrorless camera which is equipped with Next-Gen image sensor and processing engine, aiming to achieve 30 per cent share in the Indian mirrorless market in the next three-four years. Priced at Rs 74,999 (body only), the 383-gram, 4K X-T30 camera features the latest […]

RBI does not want to change name of IDBI Bank

New Delhi, March 18 (PTI): The IDBI Bank’s proposal for changing its name has not found any favour from the Reserve Bank of India, sources said. The board of IDBI Bank last month proposed change in the name of the lender to either LIC IDBI Bank or LIC Bank, following its takeover by Life Insurance […]