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Top 50 defaulters of PSBs had exposure of Rs 1.21 lakh cr
Tue, 03 May 2016
Top 50 defaulters of PSBs had exposure of Rs 1.21 lakh cr The top 50 defaulters of public sector banks had an exposure of Rs 1.21 lakh crore as on December 2015.

Fitch affirms Tata Motors at 'BB' with stable outlook
Tue, 03 May 2016
Fitch affirms Tata Motors at 'BB' with stable outlook Rating agency Fitch today affirmed Tata Motors' long-term foreign currency issuer default rating at a speculative grade 'BB' with a stable outlook.

India got $397 mn FDI for agri promotion in last 4 yrs
Tue, 03 May 2016
India got $397 mn FDI for agri promotion in last 4 yrs India has received foreign direct investment (FDI) of USD 397.08 million in the last four years for promotion of its agriculture sector, with maximum inflows from Mauritius followed by Singapore and Germany.

Buyers for stressed assets hard to find: ICICI Bank
Tue, 03 May 2016
Chanda Kochhar Strategic debt restructuring is a useful tool, said Kochhar, adding, the bank has successfully managed to find a buyer for one of the companies it had invoked the restructure for.

Airtel M Commerce renamed Airtel Payments Bank
Tue, 03 May 2016
Airtel M Commerce renamed Airtel Payments Bank "The new identity reflects our strong focus on the payments bank segment... With Airtel's deep distribution network, we believe that Airtel Payments Bank is uniquely placed to deliver quality banking services to customers by leveraging the power of mobile telephony," said Gopal Vittal, MD and CEO (India South Asia), Bharti Airtel.

Cos spent Rs 42 cr under Swachh Bharat Kosh as CSR initiative
Tue, 03 May 2016
Cos spent Rs 42 cr under Swachh Bharat Kosh as CSR initiative Companies spent over Rs 42 crore towards 'Swachh Bharat Kosh' as part of their corporate social responsibility (CSR) activities in 2014-15, Parliament was informed today.

Russian firm in talks with Indian companies to localise
Tue, 03 May 2016
Russian firm in talks with Indian companies to localise After winning a Rs 166-crore after-sales service delivery contract with the Indian Air Force for Russian-origin helicopters and planes, Technodinamika is in talks with state-owned companies in India for a joint venture to fully localise the maintenance process.

'Conditions coming together' to resolve NPA crisis: SBI chair
Tue, 03 May 2016
Arundhati Bhattacharya In an interview with CNBC, SBI Chairperson Arundhati Bhattacharya talked about bank NPAs, how the Indian banking sector needs to be restructured and whether she would take up a job as the next RBI governor, if asked.

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Overall bull market continues; buy on dips: Ashwani Gujral
Tue, 03 May 2016
Ashwani Gujral The current correction is a 'classic case of market moving into bearish zone'. The volatility may continue for a couple of sessions, says SP Tulsian of

Weak semi-urban, rural demand a worry; cautious on pharma: Emkay
Tue, 03 May 2016
Sachin Shahin Sachin Shah of Emkay Investment Managers sees a pick-up in the pace of execution of infrastructure projects, particularly roads, which in turn will boost demand for cement. Earlier on Tuesday, CNBC-TV18 reported, quoting sources, that cement prices in Andhra Pradesh and Telangana have been hiked by Rs 40-50 per bag.

Raamdeo: What I took away from Buffett's shareholder meet
Tue, 03 May 2016
Raamdeo Agrawal Value investor Raamdeo Agrawal is back from attending Berkshire Hathaway's annual shareholding meeting in Omaha, US. In an interview, he discussed his key takeaways.

Buffett says if the government did THIS the Dow could hit 100K
Tue, 03 May 2016
Buffett says if the government did THIS the Dow could hit 100K "If the government absolutely said interest rates are going to be zero for 50 years, the Dow would be at 100,000," Buffett told "Squawk Box," stressing he was speaking hypothetically. The Dow Jones industrial average closed at 17,773 on Friday.

Will be surprised if Nifty re-tests 7200: Rakesh Jhunjhunwala
Mon, 02 May 2016
Rakesh Jhunjhunwala Rakesh Jhunjhunwala, Partner at Rare Enterprises, said markets have been looking up of late. But they have mellowed somewhat from the time Narendra Modi took over as the prime minister.

Good monsoon, results may drive Nifty to 8000: Ashwani Gujral
Mon, 02 May 2016
Ashwani Gujral Immense trading in the midcap space, good fourth quarter earnings and a better monsoon could take Nifty back to levels of 8,100, said Ashwani Gujral of

Bull vs Bear: Will ICICI shares out or underperform ahead?
Mon, 02 May 2016
Ambareesh Baliga In an interview with CNBC-TV18, independent market expert Ambareesh Baliga and Gaurang Shah, VP, Geojit BNP Paribas Financial Services, talked about their outlook on ICICI Bank, which reported weak quarterly numbers on Friday.

Digital, 4G revolution to drive growth of Indian eco: Axis Cap
Mon, 02 May 2016
Dharmesh Mehta If the Indian government delivers on the reform processes, Indian markets will perform exceptionally well to touch new highs, says Dharmesh Mehta, MD CEO of Axis Capital.

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