Calcutta [Kolkata]
In the April-June period, too, United Bank of India achieved a net profit of Rs 105 crore.
United Bank of India targets Rs 1,000 cr net profit in FY20
19 Aug 2019 12:18 PM

The bank managed to be in the black in the fourth quarter of the last fiscal by posting a bottomline of Rs 95 crore.

Going by the state-run Spices Board statistics, turmeric was grown in 2,24,260 hectare during 2017-18, with production of nearly 11,07,920 tonne, which was lower than the 2016-17 level of 2,48,050 hectare and 12,15,520 tonne.
Truant rains, sanctions on Iran hurt turmeric
19 Aug 2019 12:57 AM

Before that turmeric sowing area in the Sangli region came down by 10–15 per cent due to deficient rainfall.

Increased spending by the government and the upcoming festival season would boost demand, said SBI Chairman Rajnish Kumar.
Credit demand subdued, economy needs stimulus: SBI Chairman
18 Aug 2019 5:51 PM

Though lack of credit demand exists in the economy, there is no supply-side constraint said SBI Chairman Rajnish Kumar.

In Asia, where debt has risen markedly over the past several years, India is the leader with 617 zombie companies in 2018, followed by China with 431, South Korea with 371 and Taiwan with 327.
India is a top place for zombie companies
15 Aug 2019 2:32 AM

Zombie companies are defined as corporate underachievers overdosed on cheap credit.

The government will work closely with the exporters to identify all the issues, both domestic and overseas.
Exports growth to be in double digits this fiscal: Commerce Secretary
14 Aug 2019 4:59 PM

Growth in exports was between nine and ten per cent and the volume touched USD 331 billion.

The RBI has also set up a committee under the Chief Executive Officer of Indian Banks' Associ-ation to examine the entire gamut of ATM charges and fees.
24-hour NEFT facility from December
08 Aug 2019 2:16 AM

The move aims at giving a further boost to digital transactions.

HS, which is keen on emerging a strong player in the Rs 13,000-crore oral care market, which is growing at a CAGR of 8 per cent, may acquire a personal care company in the south to enter a new business segment.
Aquawhite bets on kids segment
02 Aug 2019 2:48 AM

The company has been manufacturing products for brands like Meswak of Dabur, OralB, DantKanti of Patanjali and Amway.

The thin ray of hope is that the second half should find support from expected monetary easing, consumption, and statistical low-base effect, experts at Crisil felt.
Crisil cuts GDP to 6.9 per cent
02 Aug 2019 2:09 AM

India’s GDP had grown at 8.2 per cent in fiscal 2017, the fastest in a decade.

After posting sharp rises in 2019, prices in the global travel industry are likely to slow in 2020, with flights rising a modest 1.2 per cent, hotels rising only 1.3 per cent, and rental car rates up 1 per cent (in dollar terms). (Photo: PIB/Twitter)
Airfares, hotel rates forecast to increase in 2020
01 Aug 2019 2:15 AM

Earlier this year we saw a spike in airfares after Jet Airways ceased its operations in April.

70 per cent said they would feel positive about the potential to hand over some of their activities to AI.
64 per cent directors worried about AI impact
01 Aug 2019 2:00 AM

The survey revealed that nearly two-thirds are slightly worried about losing their jobs


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