Auto, pharma unready to wean off China

Industry depends heavily on Chinese supplies; executives say being more self-reliant will take time Days after a border clash with China this month in which 20 Indian soldiers were killed, New Delhi told firms to find ways to cut imports…

Read More

Cut non-core expenditure: FinMin to banks

Diktat to PSBs to cut 20% non-core spending follows PNB’s purchase of 3 Audis The Finance Ministry has asked public sector banks (PSBs) to cut non-core expenditure by at least 20% this year so that they can ensure productive use…

Read More

IDBI Bank in black after 13 quarters

Makes a strong pitch for exiting PCA restrictions; asset quality improves IDBI Bank has reported a net profit of ₹135 crore for the quarter ended March 31, 2020 compared to with a net loss of ₹4,918 crore in the year-earlier…

Read More