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Bharat Biotech's Krishna Ella wins Covaxin fight

'He came back from the US only to work for his country.''He has invested his fortunes to build this company and is married to his work.''Rarely does one see such commitment.'Sohini Das reported.......

The A to Z of 2020

Wow -- 2020, huh? From the deadly coronavirus to lockdowns, wildfires to the Black Lives Matter movement, to the Bihar and US elections, it's been a year we won't forget. It's hard to believe it......

Cabinet clears strategic divestment in IDBI Bank

The Cabinet on Wednesday gave in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank in line with the Budget announcement earlier this year. The......

IDBI Bank back in black in FY21 after five years

The bank expects to grow loan book by 10 per cent in the current financial year with calibrated exposure to corporate accounts and thrust on the retail segment. IDBI Bank turned profitable in FY21......

FinMin asks PSBs, insurers to postpone staff promotions

The advisory states that the promotion process has coincided with a spike in Covid-19 cases across the country along with localised lockdowns. Illustration: Dominic Xavier/Rediff.com The finance......

Modi era: Private banks grow; PSBs don't

Since 2014, the public sector banks' branch network in rural and semi urban has grown by a mere 4,000 while for private sector banks, it doubled from 9,673 to 18,437.Manojit Saha reports. Kindly......

Centre may bring PSBs under Companies Act to enable sale

The government can also individually exempt the PSBs that are to be privatised from the two Bank Nationalisation Acts. This will bring such lenders under Banking Regulation Act, and make them......

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IDBI Bank again puts mutual fund arm on the block

This is the lender’s second attempt to sell its AMC business. In May 2019, IDBI had called for bids to completely exit this business. Mumbai: has... ...

https://economictimes.indiatimes.com/mf/mf-news/idbi-bank-again-puts-mutual-fund-arm-on-the-block/articleshow/82507291.cms

Construction arm of Essar Group heads towards liquidation

Essar Group’s construction arm, EPC Construction, could be headed for liquidation after oscillating between rescue and potential collapse for... ...

https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/construction-arm-of-essar-group-heads-towards-liquidation/articleshow/82487418.cms

SGX Nifty Up 78 Points; Indicates Firm Opening for Indian Stock Markets

Posted by Equitymaster The SGX Nifty opened on a positive note today. At 8:05 am, it�was trading up by 78 points, or 0.5% higher at 14,875... ...

http://feeds.equitymaster.com/~r/TodaysMarket/~3/7vCCr9pLWBI/tm.asp

IDBI expects 2% of small borrowers to opt for recast

Collection ratios for lenders were down by up to 5 per cent in April, while cheque bounce rates were rising steadily. INSIGHTS Read Stock Insights... ...

https://economictimes.indiatimes.com/markets/stocks/news/idbi-expects-2-of-small-borrowers-to-opt-for-recast/articleshow/82448203.cms

PSBs form 'Alliance' to provide door step banking

Former State Bank of India (SBI) chief general manager and deputy CEO of Reliance Jio Payments Bank, Rajinder Mirakhur has been appointed as CEO of... ...

https://economictimes.indiatimes.com/industry/banking/finance/banking/psbs-form-alliance-to-provide-door-step-banking/articleshow/82433465.cms

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