Sunday, Feb 25, 2018 | Last Update : 07:34 AM IST

Economy

15th Finance Commission chairman N.K. Singh. (Photo: PTI)

Finance Commission invites suggestions from stakeholders by June 30

New panel will also look into impact of GST, including payment of compensation for possible loss of revenues for 5 years.

The gross dud assets ratio jumped from 7.23 per cent to cross the double digits mark at 10.35 per cent during the quarter under review.

Potential stressed asset accounts on decline: report

For public banks, overall SMA book has declined to 5.3 per cent of loans in second quarter of 2017-18.

The report also said employability has grown to highest ever level of 45.6 per cent in last five years. (Photo: Representational/Pixabay)

India's corporate hiring to witness 10-15 pc growth this yr: India Skills Report

The report captured hiring intent of over 120 employers and reached out to over 5,10,000 students across the country.

 Central bank has also projected inflation to be in the range of 5.1-5.6 per cent in the first half of 2018-19. (Photo: PTI)

RBI may cut rates by 25 bps in August: report

RBI kept key policy rate unchanged at 6 pc for third consecutive time on Feb 7 in view of firming inflation.

Finance Minister Arun Jaitley.

Urban infrastructure is an 'engine of growth', says Jaitley

State possessing capacity to build infrastructure employment and buzzing economic activity becomes an attractive destination for investors.

Market

The NSE Nifty 50 recovered 39.85 points, or 0.38 per cent, to 10,422.55. (Photo: AP)

Sensex jumps 107 points as March F&O series opens strong

All BSE sectoral indices were in the green, led by healthcare, bank, metal and realty stocks, rising by up to 1.33 per cent.

 A higher opening in the domestic equity market gave the uptrend some momentum. (Photo: PTI)

Rupee gains 6 paise against dollar in opening trade

Rupee is trading at 63.85 against dollar in early trade, maintaining its upward trend for fourth straight day.

Broader Nifty 50 index was trading 36.45 points, or 0.35 per cent, lower at 10,509.05.

Sensex pares morning gains, falls over nearly 200 points

The BSE Sensex trading down 198.25 points, or 0.58 per cent, at 34,326.61.

Globally, gold fell 1.14 per cent to USD 1,323.70 an ounce and silver by 0.54 per cent to USD 16.62 an ounce in New York.

Gold turns weak, silver below Rs 40,000 on sluggish demand

Gold is trading at Rs 31,550 per 10 gram owing to slackened demand from local jewellers amid a weak trend overseas.

Companies

Bank of Baroda will continue to set aside funds to further boost its provision coverage ratio, which at 68 per cent is already one of the highest among Indian state-run banks.

Bank of Baroda sees performance recovery strengthening from October

Bank of Baroda shares were trading 2.5 per cent lower by 0926 GMT in a Mumbai market that was 0.8 per cent up.

Aggregate shareholding of the promoter group in Idea has increased from 42.4 to 47.2 per cent.

Idea Cellular raises Rs 3,250 cr from promoter group

The net debt of Idea as on December 31, 2017 stood at Rs Rs 55,781.8 crore.

Mr Subramaniam, who was here to participate in the WEF Annual Meeting last week, said the IT industry changes every 3-5 years and constantly requires reskilling and upskilling.

Automation, AI not about job cuts, says TCS COO

He said the ‘change’ is the only constant in the IT industry and internally his company uses it as an acronym.

JioFootball Offer brings Rs 2,200 instant cashback for new smartphones coming on Jio network. (Photo: AFP)

Jio offers Rs 2,200 cashback on purchase of smartphones

Jio offer is valid on first recharge done between February 15 to March 31, 2018 using new smartphones.

Promoters of Fortis Healthcare, Malvinder Singh and Shivinder Singh. (Photo credit: fortishealthcare.com)

Fortis Healthcare’s Malvinder, Shivinder Singh step down

Board of directors will take up the matter of the duo’s resignation in a meeting on February 13.

Autos

Maruti Suzuki MD and CEO Kenichi Ayukawa (left), senior executive director, marketing and sales, R.S. Kalsi (right) and senior executive director (engineering) C.V. Raman during the launch of Concept FutureS at the Auto Expo 2018 in Greater Noida. (Photo: PTI)

Maruti unveils small car concept FutureS

The FutureS is a compact car with SUV style is expected to take on Renault’s Kwid and Mahindra KUV100.

The deliveries for the new bike are set to begin by the end of this year.

TVS launches Apache RR 310 in India

TVS Apache RR 310 is the most powerful production motorcycle from TVS.

Chakan-based manufacturer likely to launch a refreshed version of the Bajaj Avenger Street 150 and the all-new Bajaj RS 400.

Bajaj to launch two new motorcycles next month

The Rs 400 is likely to be based on the full-faired Pulsar SS 400 concept that was showcased at 2014 Auto Expo.

Car showcased at the Expo did have the new traditional Mahindra grille along with the Mahindra badge.

Mahindra showcases Ssangyong G4 Rexton at Auto Expo 2018

Car will be powered by a 2.2-litre 4-cylinder turbo diesel engine which makes 170PS of max power and 420Nm of peak torque.

In Other News

As such the issuing of H-1B visas could be of less than three years. (Photo: Representational | File)

Trump admin makes H1-B visa approval tough; Indian firms to be impacted

Under new policy, company would have to go an extra length to prove that its H-1B employee at a third-party worksite.

India announced higher import tax on electronics products in December, and then on 40 more items in the budget this month.

US steps up pressure on India to cut tariff

USTR is fairly negative on India; Delhi defends move.

Housing project would be built on an area of 3,519 square metre at Deen Dayal Upadhyay Marg.

Finance Ministry signs MoU with NBCC for housing project

MoU for the project was signed between Department of Economic Affairs and NBCC.

 Philippines, India and the Maldives are among the worst regional offenders in this respect.

India ranks 81st in global corruption perception index

The index uses a scale of 0 to 100, where 0 is highly corrupt and 100 is very clean.

Vikram Kothari

Rotomac owner pens bank fraud

Kothari took letters of credit worth Rs 3,000cr to make use of interest rate differential in foreign countries.