Tag Archives: Indian

Indian Bank posts net loss of Rs 190 cr in Q4 FY19

TOPICS Quarterly Results quarterly or semiannual financial statement Indian Bank State-owned Indian Bank reported a net loss of Rs 189.77 crore in the fourth quarter of the financial year ended March 2019, as high level of bad loans required substantial amount to be kept as provisioning parking. The bank had registered a net profit of Rs 131.98 crore during the similar January-March ... Read More »

Microsoft Surface Go teased for the Indian market, will be exclusive to Flipkart

hile critics have rendered the market of tablets as mostly useless, certain big names of the industry such as Apple, Samsung and Microsoft are constantly trying to breathe new life into the segment with flagship-grade devices. Microsoft’s Surface series has been long considered the best iteration of Windows 10 PC. The Surface Go was unveiled earlier this year as an ... Read More »

Why business expectations are so tepid despite recovery in Indian economy

The government cannot let the recovery in the Indian economy take its own sweet time, not with the elections less than a year away. Photo: Mint The Nikkei India Composite PMI Output index, a gauge of private sector economic activity in both the manufacturing and services sectors, came in at a strong 54.2 for July, up from 52.6 in June. A ... Read More »

Indian startups make a beeline for funding at RISE

Organisers say there is a 40% increase in number of participants this year and more than 500 investors are attending From tattooing to dress rentals to security solutions, there is an astounding variety of Indian startup dreams searching for funding at ‘RISE 2018’, Asia’s largest tech event currently on in this bustling Asian business capital. By a rough count, as ... Read More »

SEBI mulls ‘Snapchat model’ to facilitate listing of Indian startups

Market regulator Securities and Exchange Board of India (SEBI) is mulling over implementing a ‘Snapchat model’ for facilitating listing of Indian startups, Business Standard reported. During its initial public offering (IPO) last year, the multimedia messaging app offered shares without any voting rights. The move caught the market’s attention as it allowed founders to tap the market without giving up the freedom on decision-making. ... Read More »

Indian Bank’s board withdraws dividend announcement

RBI cites rules relating to full provisioning of losses. The board of directors of Indian Bank has decided to withdraw its May 10 resolution recommending declaration of dividend at ₹ 6 per equity share (60%). In a filing with the BSE, the bank said the decision was taken at a board meeting held on June 28. The move comes after ... Read More »

Indian economy will continue to have V-shaped recovery: Govt

Economic affairs secretary Subhash Chandra Garg. Photo: Pradeep Gaur/Mint Mumbai: The 7.2% growth in the Indian economy during the October-December quarter has put the country in the highest growth bracket globally and recovery will continue to be sharp going ahead, economic affairs secretary Subhash Chandra Garg said on Thursday. “We have said this earlier that the first quarter (of FY18) was ... Read More »

Indian Economy Seems To Be On Way To Recovering From Demonetisation Disruptions, Says IMF

India’s economy has expanded strongly in recent years, said Tao Zhang, Deputy Managing Director of IMF. HIGHLIGHTS IMF has underscored the significance of reforms in education, health Economy expanded strongly because of macro economic policies Demonetization temporarily affected economic activity, said IMF Dy MD Washington: The Indian economy now seems to be on its way to recovering from disruptions caused by ... Read More »

Fresh troubles for the Indian economy

Are we out of the woods as far as economic growth is concerned? Is the Indian economy on track to accelerate from here on? A month ago, the general consensus was that the worst was over and things were going to get better from here on. The Index of Industrial Production (IIP) was steadily inching up. The economy seemed to ... Read More »

Indian Market Still Expensive Despite Correction, Says Sanjeev Prasad Of Kotak

Indian equity market still seems expensive despite the recent correction, says Sanjeev Prasad of Kotak Institutional Equities. “China delivered something like 50 percent over the same period, so people are looking at other markets more favourably in the emerging markets space,” Prasad told BloombergQuint in an interview. Foreign investors, he said, are more cautious on India, due to problems in ... Read More »