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Business

SBI Q2 net profit jumps 55 % to Rs 5,246 cr as bad loans decline

Mumbai: The country's largest lender State Bank of India (SBI) on Wednesday reported a 55.41 percent rise in consolidated net profit at Rs 5,245.88 crore for the second quarter ended September 30 on account of a decline in bad loans.


Rupee hits over 10-week low, slumps 35 paise against USD

Mumbai: The Indian rupee on Wednesday plunged by 35 paise to close at its weakest level in over 10 weeks at 74.76 against the US dollar as investors appeared cautious looking for clarity on the US election outcome and the latest tranche of fiscal stimulus.


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MP HC sets up judicial commission to probe water contamination in Indore


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Belagavi: Married man jumps into Malaprabha river with lover


Speaker rules out discussion on Guv''s conduct amid K''taka Assembly standoff


10 arrested in inter-state drug racket; narcotics worth Rs 4 crore seized


Rupee hits all-time low for second time in a week


Ajit Pawar's death in plane crash an accident, don't bring politics: Sharad Pawar


Domestic help held for stealing cash, jewellery from US couple's house in B'luru


Chartered Speed, EKA Mobility to deploy 1,750 electric buses in Bengaluru


Rohit identifies Arshdeep, Hardik as key to India's chances in T20 World Cup


Building castle in the air: SC irked over non-compliance of orders by states in stray dog case




Finance Minister to unveil another stimulus soon, says Economic Affairs Secretary

New Delhi:  Finance Minister Nirmala Sitharaman will soon announce the next set of the stimulus package to boost the coronavirus-hit economy, Economic Affairs Secretary Tarun Bajaj said on Tuesday.

Rupee ends flat at 74.41 on a spike in crude oil prices, dollar buying

  Mumbai: The rupee pared its early gains to close almost flat at 74.41 on Tuesday due to dollar buying by banks and resurging crude oil prices.

British-Indian expert on a mission to fix diversity gap for women in finance

London: A British-Indian financial expert, recently honored in the Queen's Birthday Honours List for her work in the field of inclusion and diversity, says she is on a mission to fix the diversity gap within the financial services sector, especially for women.

IISc and Indian Oil R&D sign MoU for hydrogen generation technology

Bengaluru: The Indian Institute of Science (IISc) and the Research and Development Centre of IndianOil Corporation Limited have signed an MoU to develop and demonstrate biomass gasification-based hydrogen generation technology for producing fuel cell-grade hydrogen at an affordable price.

Railway engineer held for duping people with fake purchase orders

 Mumbai: A railway engineer was arrested by Mumbai Crime Branch from Gwalior in Madhya Pradesh on Friday for allegedly duping people to the tune of several crore rupees by promising them supply contracts and showing them fake purchase documents, an official said.

Reliance Industries Q2 net falls 15% on weak oil business

New Delhi: Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 15 percent drop in second-quarter net profit after a slump in core oil and chemicals business dragged down continued good showing in consumer-facing verticals such as telecom.

Bidding for Air India to be done on enterprise value: Civil Aviation Minister Hardeep Singh Puri

New Delhi: Civil Aviation Minister Hardeep Singh Puri on Thursday said bidding for Air India would be done on the basis of its enterprise value instead of equity value.

Amazon executives depose before parliament panel, quizzed about revenue & tax paid in India

New Delhi: Days after Amazon refused to appear before the parliamentary panel on the data protection bill, its top executives in India on Wednesday deposed before the committee and were questioned about the company's revenue model and how much tax it pays in the country.

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