Public Sector Mergers In India: Does Size Bring Synergies?

In June 2017, the $23 billion Vodafone-Idea Cellular merger got the go ahead from the Competition Commission of India. A few days later, the government announced a .....»»

Category: blogSource: valuewalkAug 12th, 2017

Overwhelming presence of public sector holding back economy: Ruchir Sharma

Ruchir Sharma, chief global strategist with Morgan Stanley Investment Management, says the public sector's presence in India's economy is both overwhelming and a holding-back factor, citing the example of state-owned banks. Deliveri.....»»

Category: topSource: business-standardAug 16th, 2017

India"s tourism potential needs to be tapped: Economic Survey II

Total market size of Indian tourism & hospitality sector is expected to touch $418.9 billion by 2022.....»»

Category: topSource: business-standardAug 11th, 2017

Mergers of small banks may hurt credit sourcing of MSME sector: Report

MSME sector provides the bulk of employment and accounts for 45% of India's manufacturing.....»»

Category: topSource: business-standardAug 5th, 2017

CAG raps govt-owned banks for understating non-performing assets

The Comptroller and Auditor General of India (CAG) has slammed the managements and statutory auditors of 12 public sector banks (PSBs) for over-stating their net profit, by underestimating non-performing assets (NPAs) and under-pro.....»»

Category: topSource: business-standardJul 28th, 2017

Bank mergers to benefit sector, end duplication of resources: Dena Bank CMD

Centre aims to gradually build up 4-5 PSBs of SBI's size through consolidation.....»»

Category: topSource: business-standardJul 23rd, 2017

BEML, National Law School tie up

Public sector defence major BEML Ltd has signed a memorandum of understanding (MoU) with the National Law School of India University (NLSIU). Under the MoU, BEML will avail the services of NLSIU f........»»

Category: topSource: thehindubusinesslineJul 12th, 2017

India"s textile industry size to touch $250 bn in 2 years: Official

In the last 2 years, a lot of buoyancy has been created in textile sector: Textile Commissioner.....»»

Category: topSource: business-standardJul 4th, 2017

Lack of investment, NPAs, note ban dampening India"s growth: Rahul Bajaj

NPAs of 27 public sector banks were estimated at Rs 6,47,759 crore, says Rahul Bajaj.....»»

Category: topSource: business-standardJul 4th, 2017

Bank mergers will happen but no point doing it only for size: Arun Tiwari

Interview with CMD, Union Bank of India.....»»

Category: topSource: business-standardJun 25th, 2017

Mergers may not be a bad idea for BoB, Canara Bank

Stocks dip but experts see need to consolidate public sector banks.....»»

Category: topSource: business-standardJun 15th, 2017

India faces Rs 3 lakh cr farm loan waivers-16 times 2017 rural roads budget

loan waivers have led to a rise in non-performing assets of banks, especially public-sector banks.....»»

Category: topSource: business-standardJun 15th, 2017

Top public sector banks: A financial snapshot

PSBs rose due to the direct effect of Reserve Bank of India's asset quality review.....»»

Category: topSource: business-standardJun 13th, 2017

Modi in Germany: Will India"s FTA pragmatism bring EU out of its shell?

Modi has displayed a clear inclination for leveraging external sector for domestic economic growth.....»»

Category: topSource: business-standardMay 29th, 2017

Modi"s Europe tour: Will India"s FTA pragmatism bring EU out of its shell?

Modi has displayed a clear inclination for leveraging external sector for domestic economic growth.....»»

Category: topSource: business-standardMay 29th, 2017

Security requires India to be a hub for defence manufacturing, says Jaitley

The minister said the steps are being by the government to bring in private players in the sector.....»»

Category: topSource: business-standardMay 28th, 2017

Mergers do not help

Recapitalisation is the only way out for public sector banks.....»»

Category: topSource: business-standardMay 22nd, 2017

Oil India notifies two discoveries in Assam

Public sector undertaking, Oil India Ltd has notified two Hydrocarbon Discoveries in the Upper Assam Basin. An official statement said that the discoveries were made during April in the wells Borbhuib........»»

Category: topSource: thehindubusinesslineMay 1st, 2017

Outsource public services, bring in private sector talent, says Niti Aayog

Said dependence on govt administrative machinery for delivery of services needs to be reduced.....»»

Category: topSource: business-standardApr 30th, 2017

Urea self-sufficiency by FY21: Govt

The central government, with cash-rich coal, power and oil public sector units, will jointly invest around Rs 50,000 crore to revive closed fertiliser plants and set up new gas pipelines. All of which would make India self-s.....»»

Category: topSource: business-standardApr 27th, 2017

Nurture more specialists: RBI tells PSBs

The Reserve Bank of India (RBI) wants public sector banks to create long-term career plans for people in specialised positions. A currency or bond dealer should remain in the treasury department and progress through that particular .....»»

Category: topSource: business-standardApr 24th, 2017