PROJECTS STUCK SINCE BHUJBAL ERA TO RESUME

Twelve years after contracts were awarded for three projects, which later became collateral damage of corruption allegations against the then Public Works Department (PWD) minister Chhagan Bhujbal, the department is finally moving towards restarting the stuck work. Work on the High Mount guest house, Andheri RTO and Kalina Library would soon be taken over from the contractors by the PWD and […]

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Banking sector stares at additional Rs40,000 crore NPAs

The banking sector fears accretion of more than Rs40,000 crore of bad loans following reclassification of 8 consortium accounts of Axis Bank as NPAs The banking sector fears accretion of more than Rs40,000 crore of bad loans to its books following recent classification of eight consortium accounts of Axis Bank as non-performing assets (NPAs) by the Reserve Bank of India […]

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What to watch out for in the coming week

With the major macro-economic data out of the way, all the focus will remain on the results season. Heavyweights like Maruti, Asian Paints, HDFC Bank, Infosys, Hindustan Unilever and Kotak Mahindra Bank are set to come out with their quarterly earnings. Besides, global cues, crude and currency moves also will be closely watched in the coming week.   Nifty extended […]

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Loan growth, digitisation still unfinished agenda: Arundhati Bhattacharya

Arundhati Bhattacharya, the outgoing chairperson of the country's largest bank the State Bank of India, today said digitisation and higher credit growth are the two unfinished agendas which she is leaving behind. Bhattacharya, the first woman chair in the 214-year-old history of the bank, hang up her boots today after being at the helm for four years. "In one's life there […]

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