Banks have seen a significant improvement in recovery of stressed assets helped by the Insolvency and Bankruptcy Code (IBC) and amendments in the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, during FY18, according to the RBI data.

Subscribers of the retirement fund body EPFO may get an option in the new year to invest more of their savings in the equity market, besides a host of other social security benefits and digital tools to manage their funds.

At present, the Employees' Provident Fund Organisation (EPFO) invests up to 15 per cent of its investible deposits into the exchange-traded funds (ETFs) and so far such investments total about Rs 550 billion.

On December 28, the Government of India okayed India’s first human spaceflight programme at a cost of Rs 9,023 crore. The programme will attempt to launch three Indian astronauts to low-Earth orbit for as many as seven days. If the mission – slated to happen in 2022 – succeeds, India will become only the fourth country in the world able to launch astronauts into space.

NEW DELHI: Loose packaging such as coloured and black carry bags, disposable containers with aluminium coating and sweet boxes have emerged as major contaminants of packaged food, prompting the food regulator to come up with new regulation on food packaging.

Around 80% of food samples packed in coloured carry bags, 59% in black carry bags and over 24% in aluminium coated disposable containers and 21% in sweet boxes were found chemically contaminated

In a boost to Modi government, the number of internet connections in India has surged by 65 per cent in 2018 to cross ambitious 50 crore-mark set up three years back as billionaire Mukesh Ambani’s Reliance Jio continued to take lead in boosting internet connectivity across the country through its low cost data. At the end of September 2018, there were 56 crore narrowband and broadband connections in India, according to TRAI data.

Benchmark indices surged for the third straight session on Friday on across-the-board buying by foreign funds amid a rebound in the rupee and upbeat global cues.

The BSE Sensex rallied 269.44 points or 0.75 per cent to finish at 36,076.72, while the broader NSE Nifty spurted 80.10 points, or 0.74 per cent, to 10,859.90.

New Delhi: British authorities have informed India that bank fraud fugitive Nirav Modi is living in the UK, the government has said.

Replying to a question, Minister of State for External Affairs VK Singh told Rajya Sabha that National Central Bureau of Manchester conveyed to Indian agencies that their investigations have led to the location of Nirav Modi in the UK.

Our meetings with NHAI helped obviate any funding concerns towards their near-term commitments and on their ability to scale up pace of land acquisition. Key negatives include capacity constraints (consultants, concessionaires) to materially grow pace of ordering and weak response to its second ToT package.

There was limited clarity provided on ineligibility of bidding by construction companies that delay the execution of ongoing projects.

New Delhi: Mahindra & Mahindra Financial Services on Friday said that it has received approval from Registrar of Companies to raise up to Rs10,000 crore through non-convertible debentures.

The company informed stock exchanges that it will issue “secured redeemable non-convertible debentures and/or unsecured subordinated redeemable non-convertible debentures of face value of Rs1,000 each for an amount up to Rupees 10 thousand crores”.

An earthquake of 6.9 magnitude struck off the southern Philippine island of Mindanao on Saturday and hazardous tsunami waves were possible on parts of the coasts of the Philippines and Indonesia, the Pacific Tsunami Warning Center said.

There were no immediate reports of casualties or damage, from the earthquake, which the U.S. Geological Survey (USGS) said struck 193 km (120 miles) east of the Philippine city of General Santos, at a depth of 60 km (37 miles).

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