As revival hopes fade, Jet creditors' claims zoom



Naresh Goyal-owned group companies, including the airline’s general sales agent in India and abroad, and a car rental firm, are among those who have filed claims.



Source link

Corporate earnings take a big knock in Q3



Analysts attribute this fall to the recent moderation in energy (mainly crude oil) and commodity prices, lowering of input costs for companies in sectors such as FMCG, consumer durables, and automobiles, reports Krishna Kant.



Source link

RBI likely to help MSMEs; fund to NBFCs still a sticking point



RBI may also be open to injecting liquidity through open market purchases of bonds but is resisting relaxing capital buffers for banks.



Source link

For BoB, Vijaya, Dena Bank, single brand is the first challenge



If a name does not unify the three, there could be continued clash of identities, which could splinter the brand even before it takes shape, say Abhijit Lele and Nikhat Hetavkar.



Source link

How best to nurse the weak banks back to health



The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.



Source link

India will continue to import oil from Iran despite US sanctions



US sanctions against Iran kick in from November 4, which will block payment routes. Sources said India and Iran are discussing reverting to rupee trade after November 4.



Source link

Jaitley to review NPAs, credit growth with bank chiefs on Tuesday



The meeting will review annual financial performance of public sector banks, credit offtake in the economy, priority sector lending and progress made under various social sector schemes, including Atal Pension Yojana (APY) and Pradhan Mantri Jan Dhan Yojana.



Source link