APN News

  • Sunday, May, 2024| Today's Market | Current Time: 05:46:23

    • Business

    ONGC makes huge oil discovery off West coast

    ONGC has said it has made a huge oil discovery off the West coast that will help the state-owned firm raise its sagging oil output, the new discovery was made in the currently producing D1 oilfield. The find “will catapult D1 to become the third largest field in western offshore after prolific Mumbai High and […]

    Business

    Raghuram G Rajan is new CEC

    New Delhi : The Centre has appointed former IMF chief economist and currently Chicago University professor Raghuram G Rajan as the Chief Economic Advisor in the Finance Ministry. Rajan, known for his frank views, was also honorary economic advisor to Prime Minister Manmohan Singh. He is also highly acclaimed for predicting the 2008 global financial […]

    Business

    Make tea national drink: Panel to Commerce Dept

    A Parliamentary Panel has suggested to the Department of Commerce to consider declaring tea as the national drink and accord due prominence in promoting it to boost earnings from its export. The Panel headed by Shanta Kumar said in its report after interacting with stakeholders in tea and coffee growing areas that the plantation crops, […]

    Banking

    State Bank of India announces Q1FY 2013 results

    by NR INDRAN / INT Net Profit increased from Rs.1,583 crores in Q1FY12 to Rs.3752 crores in Q1FY13 (137% YOY growth) • Operating Profit increased from Rs.7,242, crores in Q1FY12 to Rs.8,177 crores in Q1FY13 (12.90%YOY growth). • Capital Adequacy Ratio of the Bank increased from 11.60% (Tier I: 7.60%) in June 11 to 13.17% […]

    Stock & Share

    Sensex ends flat; SBI tanks over 4 pc on NPA concerns

    Mumbai : In listless trading, Sensex on Friday closed three points down as cautious sentiment prevailed in the stock market over corporate earnings amid shares of SBI falling over 4 per cent on worries over rising bad loans. After moving in a thin range of 17,590.61 and 17,471.37, the 30-share Sensex closed 3.13 points lower […]

    Business

    China trade growth plunges in new sign of weakness

    China : China’s latest monthly figures on trade growth have seen an unexpectedly sharp decline in what is being seen as a further sign of the weakness of the world economy. Chinese exports in the month of July rose just one per cent, down from June’s 11.3 per cent growth rate and well below the […]

    Banking

    SBI Q1 profit jumps 137pc to Rs 3,752cr; NPAs cause of concern

    Mumbai : State Bank of India (SBI) on Friday reported a 137 per cent jump in net profit at Rs 3,752 crore for the first quarter ended 30th June, 2012, though rising non-performing loans continue to be a cause of concern. The bank had a net profit of Rs 1,583 crore in the April-June quarter […]

    Stock & Share

    Sensex down 33 points in early trade

    Mumbai : Amid a weak trend in Asian region and disappointing industrial production data for June, the BSE benchmark Sensex fell for the third day in a row and lost over 33 points in early trade on Friday. The 30-share barometer, which has lost nearly 41 points in the last two sessions, declined by 33.18 […]

    Banking

    American Express Rolls Out Platinum Corporate Card For Top Executives And Owners Of Mid-Sized Companies

    New Delhi :  American Express now has a solution for travel managers’ biggest concern – making sure senior executives follow travel policies, while providing them with the premium services that they demand. American Express today announced the launch of its Platinum Corporate Card, which provides an in-depth array of business advantages and personal privileges to […]

    Banking

    RBI signs MoU with Central Bank of Russian Federation

    The Reserve Bank has signed a memorandum of understanding (MoU) with the Central Bank of the Russian Federation. RBI in a statement said that the Reserve Bank of India and the Central Bank of the Russian Federation concluded a Memorandum of Understanding (MoU) to promote greater co-operation and sharing of supervisory information between the two […]

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