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State lenders' Q1 earnings dragged by rise in bad loans

MUMBAI - Three of India's leading state-run lenders reported a drop in their first quarter net profits, weighed down by rise in provision for bad loans and cooling expectations of a turnaround in the country's dominant but ailing government banking sector.

Recent Business News

Pininfarina, Mahindra to resume sale talks in September - sources

MILAN - Talks on the sale of indebted Italian car designer Pininfarina to Indian vehicle maker Mahindra & Mahindra will resume after the summer after the parties failed to strike a deal in July, two sources close to the matter said on Tuesday.

28 Jul 2015

PNB may take over steelmakers to recover debt

NEW DELHI - Punjab National Bank (PNB), India's fourth-largest state lender by assets, could take control of some of the country's most heavily indebted steel companies and sell them on as part of a restructuring backed by New Delhi, bank officials said.

Top News, 28 Jul 2015

BSE Sensex marks lowest close in more than a month

MUMBAI - India's stock markets fell on Tuesday, with the BSE Sensex marking its lowest close in more than a month, as investors were unwilling to make any risky bets amid weak corporate earnings and ahead of the central bank's policy review next week.

28 Jul 2015

Antitrust watchdog imposes $66 million penalty on Hyundai Motor

MUMBAI - The Competition Commission of India (CCI) fined the local unit of Hyundai Motor Co 4.2 billion rupees ($65.8 million) on Tuesday after an investigation found it had engaged in anti-competitive practices.

Top News, 28 Jul 2015

Asia stocks hope for calmer China markets, wary of Fed

SYDNEY - Asian shares attempted a rebound on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the U.S. Federal Reserve.

5:59am IST

Markets

  • Asia
  • U.S.
  • Europe
  • Sectors
Stock Search
Sensex 27,459.23 -102.15 -0.37%
Nikkei 20,324.97 -3.92 -0.02%
Hang Seng 24,503.94 -- --%
EUR/INR 70.690 +0.21%
USD/INR 63.874 +0.13%
GBP/INR 99.708 +0.13%
Gold 1,097.70 -0.20 -0.02%
Oil 47.80 -0.18 -0.38%
Corn 373.00 -2.00 -0.53%

REUTERS SHOWCASE

Setback For Sahara

Setback For Sahara

SEBI orders cancellation of Sahara asset management permit  Full Article 

Debt Restructuring

Debt Restructuring

India's No.4 state bank may take over steelmakers to recover debt  Full Article 

Tribute to Kalam

Tribute to Kalam

Kalam saw India as a knowledge superpower – Narendra Modi  Full Article | Slideshow 

Gold Demand

Gold Demand

Gold demand weakest since 2009 in Q2 as Chinese turned to stocks - GFMS  Full Article 

Automobile Deal

Automobile Deal

Pininfarina, Mahindra to resume sale talks in September - sources  Full Article 

Aviation Sector

Aviation Sector

Qatar Airways says in talks with IndiGo  Full Article 

Yakub Memon Case

Yakub Memon Case

Supreme Court puts off last-minute decision on Yakub Memon  Full Article 

Hyundai Penalty

Hyundai Penalty

Antitrust watchdog imposes $66 million penalty on Hyundai Motor  Full Article 

Box Office

Box Office

Alarm bells in Bollywood as ‘Bahubali’, Hollywood films reap box-office gold  Full Article 

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