Follow The Times of India - Business, filter it, and define how you want to receive the news (via Email, RSS, Telegram, WhatsApp etc.) https://follow.it/timesofindiadiatimes7 Mon, 20 Mar 2023 17:07:00 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2aTO-F_uDMX6CY3L745TL_ In a statement, the Reserve Bank of India (RBI) said the penalty has been imposed for non-compliance with certain provisions of the directions issued by it on 'Internal Ombudsman Scheme, 2018', 'Fair Practices Code for Lenders', 'Credit Card Operations of Banks', 'Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks' and 'Recovery Agents engaged by Banks'.]]> Mon, 20 Mar 2023 16:16:59 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2aTO-F_uDMX6CY3L745TL_ https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3KwNZO3S06UXn9ye8UNv30 ]]> Mon, 20 Mar 2023 15:42:06 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3KwNZO3S06UXn9ye8UNv30 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV31kP_fMOpF98b1naedg1wr Embattled Adani Group on Monday said it has put on hold major equipment procurement and site construction activities for the Rs 34,900 crore petrochemical project at Mundra in Gujarat as the project has not yet tied up finances. The group's flagship Adani Enterprises Ltd (AEL) incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd in 2021 for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in the Kutch district of Gujarat.]]> Mon, 20 Mar 2023 15:36:52 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV31kP_fMOpF98b1naedg1wr https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV31kP_fMOpF93n9ye8UNv30 Public sector banks have made significant improvement in their asset quality, with gross NPAs declining from the peak of 14.6% in March 2018 to 5.53% in December 2022. At the same time, resilience has increased with provision coverage ratio of PSBs rising from 46% to 89.9%.]]> Mon, 20 Mar 2023 15:35:34 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV31kP_fMOpF93n9ye8UNv30 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV022e_ZMNcI25s0ohxaO6Yr The 30-share BSE Sensex declined by 360.95 points or 0.62 per cent to close at 57,628.95 as 23 of its stocks ended in the red. The index tanked more than 900 points to touch a low of 57,084.91 before recovering some losses at the fag end.]]> Mon, 20 Mar 2023 13:04:44 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV022e_ZMNcI25s0ohxaO6Yr https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0a81HQK3IkTOzdsCmHakzH Bullion surged 6.5% last week in its biggest advance since the early days of the pandemic in March 2020 amid growing fears over Credit Suisse Group AG and as several regional American lenders collapsed.]]> Mon, 20 Mar 2023 09:54:16 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0a81HQK3IkTOzdsCmHakzH https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2uhNlbKnJsocb1naedg1wr ]]> Mon, 20 Mar 2023 09:03:15 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2uhNlbKnJsocb1naedg1wr https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2Rukcm97n_wqCY3L745TL_ ]]> Mon, 20 Mar 2023 07:52:32 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2Rukcm97n_wqCY3L745TL_ https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0NZWMAcEo1mHn9ye8UNv30 The 30-share BSE Sensex fell 474.96 points or 0.82 per cent to 57,514.94 as 28 of its constituents traded in the red in early session. The broader Nifty of the National Stock Exchange dropped by 139.10 points or 0.81 per cent to below the 17,000-level at 16,960.95. As many as 45 of its stocks declined led by Adani Enterprises, JSW Steel and Hindalco.]]> Mon, 20 Mar 2023 06:38:59 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0NZWMAcEo1mHn9ye8UNv30 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3rP1HO86lMn11cWWor9YPv India, the world's third-largest oil consumer, imposed a windfall tax on refined fuel exports last year and mandated that companies sell the equivalent of 50% of their gasoline exports and 30% of their diesel exports domestically in the current fiscal year to March 31.]]> Mon, 20 Mar 2023 06:21:20 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3rP1HO86lMn11cWWor9YPv https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3rP1HO86lMn3n9ye8UNv30 ]]> Mon, 20 Mar 2023 06:18:10 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3rP1HO86lMn3n9ye8UNv30 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3rP1HO86lMn6CY3L745TL_ The world’s fastest-growing aviation market aims to boost the number of airports to 220 by 2025 from the current 148, for which private builders will invest about $9 billion and state-run Airports Authority of India will bring the rest.]]> Mon, 20 Mar 2023 06:15:35 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3rP1HO86lMn6CY3L745TL_ https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3yKCDKaW2ygSlmFkX7M1Jw The UBS-Credit Suisse merger is a deal that will see the Swiss bank buy its smaller rival for about $3.3 billion. The deal includes extensive guarantees and liquidity provisions, and the winners are UBS CEO Ralph Hamers and his team. The many losers are Credit Suisse's top shareholders, Gulf investors old and new, Qatar Investment Authority, and Michael Klein, the former Citigroup Inc investment bank head.]]> Mon, 20 Mar 2023 05:30:03 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3yKCDKaW2ygSlmFkX7M1Jw https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0sGAXU0OzA_sb1naedg1wr Unable to fly through Russian airspace because of the war in Ukraine, US airlines are stepping up a lobbying campaign on Capitol Hill and at the White House to address what they say is a growing problem: They are losing business to foreign competitors like Air India and Emirates who can take passengers between the US and Asia faster and more cheaply.]]> Mon, 20 Mar 2023 03:56:52 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0sGAXU0OzA_sb1naedg1wr https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2HKFoH_w9yBXn9ye8UNv30 ]]> Mon, 20 Mar 2023 03:40:26 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2HKFoH_w9yBXn9ye8UNv30 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2HKFoH_w9yBSejEQ2Mq9rY ]]> Mon, 20 Mar 2023 03:30:24 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2HKFoH_w9yBSejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2HKFoH_w9yBZVjH6qdYdAk ]]> Mon, 20 Mar 2023 03:19:40 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2HKFoH_w9yBZVjH6qdYdAk https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2EI_nCObTbM3n9ye8UNv30 ]]> Mon, 20 Mar 2023 03:12:42 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2EI_nCObTbM3n9ye8UNv30 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2EI_nCObTbMyejEQ2Mq9rY ]]> Mon, 20 Mar 2023 03:09:27 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2EI_nCObTbMyejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0QyFfUba-rUezdsCmHakzH In what is being described as the "merger of the century", UBS Group sealed a deal to buy Swiss bank Credit Suisse in a historic, government-brokered deal, to avoid further market-shaking turmoil in global banking, Swiss authorities said on Sunday. The deal, aimed at containing a crisis of confidence that threatened to spread across global financial markets, came after a hectic day of negotiations between the two lenders.]]> Sun, 19 Mar 2023 20:08:24 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0QyFfUba-rUezdsCmHakzH