Bank of Baroda has proposed to put 35 non-performing assets (NPAs) up for sale, including several ailing power assets, to recover dues worth Rs 4,237 crore and has invited expressions of interest from asset reconstruction companies (ARCs) and financial institutions (FIs). In a notification on its website, the bank said, “Besides the amount outstanding under any disbursed loans

In its bid to arrest falling operating profit margins, Mahindra and Mahindra (M&M) intends to reduce costs further, VS Parthasarthy, group CFO, told a business news channel recently. M&M reported an operating profit margin of 12.4% for the September quarter, down 150 bps year-on-year. The Ebitda for the quarter stood at Rs 1,605 crore, down 7% .

Maruti Suzuki India is hoping that declining trend in fuel prices and robust rural demand will lift passenger vehicle sales in the remaining months of FY19, a senior company executive said on Wednesday. Petrol prices in New Delhi have come down 10% since hitting record Rs 84/litre on October 4. The domestic auto sales were hit during the festival season by Kerala floods, increase in insurance premium and liquidity crunch in the market.

IRCTC on Wednesday took to Twitter to announce a unique deal on the Steam Express between Garhi Harsaru to Farukhnagar.

The minimal price on offer is Rs 10, which is cheaper than a general ticket to travel the entire length of the Mumbai suburban networ between Churchgate and Virar.

US President Donald Trump defied the nation’s intelligence agencies and a growing body of evidence to declare his unswerving loyalty to Saudi Arabia, asserting that Crown Prince Mohammed bin Salman’s culpability for the killing of Jamal Khashoggi might never be known.

In a remarkable statement, the president said, “It could very well be that the crown prince had knowledge of this tragic event — maybe he did and maybe he didn’t!”

Kakinada Gateway Port Limited, a subsidiary of GMR-owned Kakinada SEZ Limited (KSEZ), has signed a concession agreement with Andhra Pradesh government for development of a green-field commercial port on design, built, finance, operate and transfer basis in Kona village of East Godavari District.

The country's largest carmaker Maruti Suzuki India (MSI) Wednesday launched a new version of its multi-purpose vehicle Ertiga priced between Rs 744,000 and Rs 109,000 (ex-showroom price Delhi).

The petrol variants, including two automatic trims, are priced between Rs 744,000 and Rs 995,000, while diesel variants are tagged between Rs 884,000 and Rs 109,000.

Digital payments service Paytm has entered into a partnership with Life Insurance Corp (LIC) to help customers make insurance premium payments, One97 Communications Ltd, which owns the Paytm brand, said on Wednesday.

The platform now provides online insurance premium payment solutions for over 30 insurance companies including LIC, ICICI Prudential Life, Reliance Life, Max Life Insurance, HDFC Life, TATA AIA, SBI Life, Aditya Birla Sun Life, Canara HSBC Life Insurance, Shri Ram Life and Star Health among others, the company said.

New Delhi: State-owned Oil and Natural Gas Corp’s (ONGC) natural gas production has hit an all-time high of about 70 million standard cubic meters per day as it doubles up efforts to raise domestic output to curb imports, sources privy to the development said.ONGC produced about 64 million standard cubic meters per day (mmscmd) of gas in November last year and this year the output is close to touching 70 mmscmd, sources said.

Country's second largest IT services firm Infosys on Wednesday said it would open three innovation hubs in Australia and create 1,200 jobs by 2020 in the region as the IT firm looks to increase digital offerings for its clients apart from bridging the digital skill gap in the country.

The company also said that it would absorb graduates from the Australian university to fill around 40 per cent of the 1,200 jobs that it will create in the next two years.

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