Subhash Narayan

5 days ago | livemint.com | Gireesh Chandra Prasad |Subhash Narayan

New Delhi: Digital payment fraud data revealed in Parliament this year is “not alarming” and should not be conflated with other types of banking fraud that do not affect the public, a person informed about the finance ministry’s record of such cases said on Monday, after an opposition party's social media post.

1 week ago | htsyndication.com | Subhash Narayan |Rituraj Baruah

New Delhi, May 28 -- State-run manufacturing major BEML Ltd is working on developing light-infantry vehicles for combat, reconnaissance, and patrol as it expects procurement of launch platforms for missiles, including the Brahmos, to rise, said its chairman and managing director, Shantanu Roy, in an interview.

1 week ago | livemint.com | Subhash Narayan |Rituraj Baruah

The listed firm, formerly known as Bharat Earth Movers Ltd, is also expecting more orders for high-mobility vehicles to carry heavy equipment and armoured recovery vehicles in the wake of the India-Pakistan conflict. The public sector undertaking plans to roll out India's first long-distance, semi-high-speed trains (Vande Bharat) in a sleeper coach configuration and bullet trains by December 2026, added Roy.

2 weeks ago | htsyndication.com | Rhik Kundu |Subhash Narayan

New Delhi, May 22 -- New Delhi: The government expects to garner Rs.20,000-25,000 crore in fiscal year 2025 (FY25) dividends from public sector banks, which have scored record profits and notched up sustained growth, two people familiar with the matter said, requesting anonymity. The projected inflow will strengthen non-tax revenue and support the government's fiscal consolidation efforts.

2 weeks ago | livemint.com | Rhik Kundu |Subhash Narayan

The projected inflow will strengthen non-tax revenue and support the government’s fiscal consolidation efforts. The Centre received about ₹18,000 crore in dividends from state-owned lenders in FY24 and ₹13,804 crore in FY23. This optimistic outlook follows a record ₹1.78 trillion in combined net profit posted by all 12 public sector banks in FY25, marking a 26% increase over the previous year’s ₹1.41 trillion. The payouts will be accounted for in FY26 by the Centre.