MUMBAI: RBI has acknowledged that government's ownership of public sector banks makes its risk management job easier. In its latest economic capital framework report, RBI notes that such ownership has…
NEW DELHI: SpiceJet founder-promoter Ajay Singh will raise his stake in the airline from 29.1% to 33.5% by infusing Rs 294 crore through Spice Healthcare (a promoter group company). This…
Domestic airline SpiceJet has settled all outstanding salary dues for its employees, following a significant capital infusion of Rs 3,000 crore, according to a source familiar with the development. Employees…
NEW DELHI: The ministry of finance has asked state-owned general insurance companies to prioritise profitable ventures and focus on enhancing profitability rather than solely pursuing top-line growth. The government recently…