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Sensex up 184 pts, Nifty tops 10,800 amid positive global cues

Sensex up 184 pts, Nifty tops 10,800 amid positive global cues

The BSE Sensex rebounded by 184 points while the Nifty recaptured the 10,800-mark in early trade today on sustained buying by domestic institutional investors amid positive global cues.Asian markets were trading in the green as investors were looking ahead to US President Donald Trump's meeting with North Korean leader Kim Jong Un.

ICICI Bank, Kochhar under lens in US, Indian agencies may seek foreign help

ICICI Bank, Kochhar under lens in US, Indian agencies may seek foreign help

As multi-agency probe continues in India into alleged lapses involving ICICI Bank’s chief Chanda Kochhar (pictured) and her family members, the matter has also come under the scanner of the US markets regulator Securities and Exchange Commission (SEC).

Besides, the Indian regulators and investigative agencies are mulling seeking help from their overseas counterparts, including in Mauritius, as part of their own probes, officials said.

Donald Trump refuses to sign G-7 statement, snubs Justin Trudeau

Donald Trump refuses to sign G-7 statement, snubs Justin Trudeau

President Trump upended two days of global economic diplomacy late Saturday, refusing to sign a joint statement with America’s allies, threatening to escalate his trade war on the country’s neighbours and deriding Canada’s prime minister as “very dishonest and weak.”

In a remarkable pair of acrimony-laced tweets from aboard Air Force One as he flew away from the Group of 7 summit toward a meeting with North Korea’s leader, Trump lashed out at Justin Trudeau.

ONGC’s funds drop 90% in one year; this is why cash reserves shrunk

ONGC’s funds drop 90% in one year;  this is why cash reserves shrunk

India’s Oil and Natural Gas Corp., which once had $4.3 billion of funds, is now bleeding cash. The state-run company’s cash reserves have shrunk by more than 90 percent in the past year, after it was ordered to purchase the administration’s stake in a refiner and it paid a record dividend. ONGC’s reserves dropped to about 10 billion rupees ($148 million) as on March 31 from nearly 130 billion rupees a year earlier, according to data compiled by Bloomberg.

Coal India Limited refutes Nabha Power allegation of coal shortage

Coal India Limited refutes Nabha Power allegation of coal shortage

Coal India today refuted Nabha Power Ltd’s claim that it was unable to supply enough coal to a 700 MW plant in Punjab, forcing its recent shutdown. The L&T group company had closed the unit in Rajpura on June 3, saying it was forced to take the decision due to shortage of coal. But a Coal India Ltd (CIL) official blamed the crisis on Nabha Power itself, saying it had delayed the booking and lifting of coal allotted to it for the peak summer and paddy sowing seasons.

Fifa World Cup 2018: Gloomy Germans lean heavily on rocket-man Marco Reus

Fifa World Cup 2018: Gloomy Germans lean heavily on rocket-man Marco Reus

There's no chance of Germany forward Marco Reus staying cool when talking about participating in his first ever major tournament -- the 2018 World Cup in Russia.

The blond striker, who was one of Germany's better players in a poor overall performance when beating Saudi Arabia 2-1 in their last warm-up match on Friday, is eagerly awaiting the upcoming World Cup.

SBI invests Rs 35 bn a year as it reaches out digitally to 420 mn customers

SBI invests Rs 35 bn a year as it reaches out digitally to 420 mn customers

With 420 million customers, roughly 40 per cent of India's population; it is adopting a collaborative and partner ecosystem leveraged approach to achieve its digital business outcomes. It partnered with Google last year for a wider adoption of digital payments, building unique propositions for users and merchants, including specially curated offers.

India poised to be $10 trillion economy in next 15 years: Suresh Prabhu

India poised to be $10 trillion economy in next 15 years: Suresh Prabhu

NEW DELHI: Minister of commerce & industry and civil aviation Suresh Prabhu, struck a bullish note at The Economic Times Supply Chain Management & Logistics Summit 2018, as he outlined the challenges and imperatives for the next level of the India growth story.

Panel pill to fight bad loan

Panel pill to fight bad loan

Mumbai: A panel of bankers has been formed to look into the feasibility of setting up an asset reconstruction company (ARC) or an asset management company (AMC) for the speedier resolution of bad loans plaguing PSU banks.

The idea of a panel came up at a meeting of PSU banks here on Friday and it has got support from the Union government.

PM Modi arrives in China for annual SCO Summit; to hold private talks with Xi Jinping

PM Modi arrives in China for annual SCO Summit; to hold private talks with Xi Jinping

Prime Minister Narendra Modi arrived in China on Saturday for a two-day visit primarily to attend the annual summit of Shanghai Cooperation Organisation (SCO) which is likely to deliberate on several pressing global issues including future of Iran nuclear deal, the impact of US sanctions on Russia and situation in the Indo-Pacific region.

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