image 32    C

Economy / The Economic Times

City Union Bank reports 88% rise in net profit, proposes Rs 1 dividend

Its asset quality improved with gross non-performing assets being at 4.7% at the end of March against 5.1% a year back. Net NPA was almost flat at 2.95% against 2.97%. The bank's operating profit grew 47.2% at Rs 440 crore against Rs 299 crore over the same period. The bank proposed Rs 1 dividend per equity share, i.e, 100% on face value of Rs 1 per equity share.

27 May 2022 7:05 pm
Biju Menon, Joju George share best actor title at the 52nd Kerala State Film Awards

At the award, as many as 142 movies of different genres competed for various titles.

27 May 2022 6:41 pm
WB announces exemption of registration fees, motor vehicle and additional taxes

The order exempting motor vehicle and additional taxes along with registration fees for two and four-wheeled battery-operated electric vehicles and all categories of CNG-operated vehicles from April 1, 2022 to March 31, 2024 is as per the state finance minister's budget announcement for 2022-23. Industry watchers said that the exemption of registration fees and motor vehicle tax will act as a boost for increased demand for clean energy-run vehicles.

27 May 2022 6:36 pm
Apple gears up for WWDC 2022: From iOS 16 to macOS, here's what to expect

Apple's WWDC 2022 will be held between June 6 and June 10.

27 May 2022 6:29 pm
No wheat shortage in India, ban imposed to check 'rampant' export: Narendra Singh Tomar

India's wheat exports stood at an all-time high of 7 million tonnes, valuing USD 2.05 billion, in 2021-22 on better demand of Indian wheat from overseas. Of the total wheat exports, around 50 per cent went to Bangladesh. Tomar said India has to also look after the foodgrain needs of its neighbours.

27 May 2022 6:25 pm
Pilates 101: The new fitness regimen can relieve stress, strengthen muscles & develop a mind-body connection

Fitness trainer Namrata Purohit is Janhvi Kapoor & Sara Ali Khan's pilates instructor.

27 May 2022 6:07 pm
WHO: Nearly 200 cases of monkeypox in more than 20 countries

Earlier this week, a top adviser to WHO said the outbreak in Europe, U.S., Israel, Australia and beyond was likely linked to sex at two recent raves in Spain and Belgium. That marks a significant departure from the disease's typical pattern of spread in central and western Africa, where people are mainly infected by animals like wild rodents and primates, and outbreaks haven't spilled across borders.

27 May 2022 6:01 pm
Four regional parties got four-fifths of political donations in 2020-21, says ADR

Thirty-one regional parties, whose filings with the Election Commission were analysed, had got an income of about Rs 530 crore during 2020-21. The DMK reported the highest income of about Rs 150 crore followed by the YSR-Congress (Rs 108 crore) and BJD (Rs 73 crore)

27 May 2022 6:01 pm
No, NASA didn't find a mysterious doorway on Mars. But that's no reason to stop looking

At first sight, the picture released by Nasa is totally convincing.

27 May 2022 5:46 pm
G-7 pledges put coal on notice, could boost climate aid

Officials from the Group of Seven wealthy nations announced Friday that they will aim to largely end greenhouse gas emissions from their power sectors by 2035, making it highly unlikely that those countries will burn coal for electricity beyond that date.

27 May 2022 5:43 pm
Sunset or a new dawn? What the British monarchy will look like after Queen Elizabeth II

The unprecedented Platinum Jubilee is being seen as a chance to reflect on the queen's central place in British life since 1952.

27 May 2022 5:36 pm
Excise licences of Delhi hotels, clubs, restaurants extended till July 31

In an order issued on Monday, the excise department of the Delhi government extended the Excise Policy 2021-22 for two months till July 31. The Excise Policy 2022-23 was approved by the Delhi Cabinet on May 5. It is yet to be approved by the lieutenant governor (L-G). For the extension, the licence-holders will have to pay a pro-rate licence fee for two months by May 31.

27 May 2022 5:20 pm
JNPA expects Rs 8,000-10,000 crore investment in its multi-product SEZ project

The Special Economic Zone (SEZ), the country's first port-based and port-led facility, has been operational since July last year.

27 May 2022 5:14 pm
EV fire: Panel to submit report on May 30

An expert committee set up by the road transport ministry to investigate the cases of electric two-wheelers catching fire and suggest remedial measures will submit its report next week, a senior government official said on Friday. Recently, there have been multiple incidents of electric vehicles (EVs) catching fire and resulting in deaths and severe injuries to people. The expert committee (formed to enquire into the incidents of electric two-wheelers catching fire) will submit it's report on Ma

27 May 2022 4:29 pm
Ola scouts for land to set up cell, EV units

Mobility giant Ola Electric is scouting for land to set up its cell and electric car factories and is in talks with multiple states, sources said. Ola Electric needs 1,000 acres of land to set up its cell gigafactory and electric car factory which is expected to attract an investment of Rs 10,000 crore. Some states are already vying, sources aware of the matter said. Ola Electric's four-wheeler ambitions are taking a serious shape with some concept designs almost ready. It is in talks with gover

27 May 2022 3:13 pm
RBI raises its gold purchase to 65 tonnes in FY22

In the nine-month period between June 2020 and March 2021, RBI had bought 33.9 tonnes of gold. The value of RBI's gold holdings rose as much as 30% to Rs 3.22 lakh crore. Of this, gold valued at Rs 1.25 lakh crore is held as an asset of RBI's issue department and gold (including gold deposit) valued at Rs 1.97 lakh crore is held as an asset of the banking department.

27 May 2022 2:08 pm
Queen's lost weight & become very frail in the last 6 months, reveals veteran royal photographer

Arthur Edwards, 81, has been photographing the queen for 45 years.

27 May 2022 1:25 pm
Japan's landmark capsule tower is coming down

Nakagin Capsule Tower, a famed capsule hotel in downtown Tokyo, is made up of boxes stacked on top of each other. It is an avant-garde honeycomb of science-fiction-era housing long admired as a masterpiece.

27 May 2022 1:21 pm
Drugs-on-cruise case: NCB clean chit to Aryan Khan

The central agency had given clean chit to actor Shah Rukh Khan's son in the drugs-on-cruise case.

27 May 2022 1:19 pm
ACME Group, NYK Line ink MoU for green ammonia shipping

As part of the cooperation, ACME and NYK will explore offering green ammonia to customers globally whereby ammonia would be supplied from ACME-developed projects and NYK will be the shipping partner. This is in furtherance of ACME's efforts to establish itself as a leading green ammonia player globally, said Rajat Seksaria, CEO of AMCE Group.

27 May 2022 1:14 pm
27 May 2022 1:12 pm
Tulip Infratech to invest Rs 3,000 crore for reviving a stuck project in Gurgaon

The project will help about 200 homebuyers, who were stuck since 2004. The lenders, that have taken over the 19-acre land from Vipul due to default on payments, restructured Rs 412 crore debt and transferred the project to Tulip Infratech. ET had reported about the transaction in March 2021.

27 May 2022 12:59 pm
Port Blair airport to get new terminal building by October

A new terminal building at the Port Blair airport - named the Veer Savarkar International Airport - will be built by the Airports Authority of India by October this year, the Ministry of Civil Aviation.

27 May 2022 12:37 pm
BTS to meet Biden at White House, anti-Asian hate crimes on the discussion agenda

President Biden and BTS will also discuss the importance of diversity.

27 May 2022 8:28 am
Geetanjali Shree wins Booker Prize

Author Geetanjali Shree's Hindi novel Tomb of Sand' has become the first book in any Indian language to win the prestigious International Booker Prize.At a ceremony in London on Thursday, the New Delhi-based writer said she was completely overwhelmed with the olt from the blue as she accepted her prize, worth GBP 50,000 and shared with the book's English translator, Daisy Rockwell.Tomb of Sand', originally Ret Samadhi', is set in northern India and follows an 80-year-old woman in a tale the Boo

27 May 2022 6:45 am
Inflation forecast will drive rate action: Shaktikanta Das

The Reserve Bank of India is committed to containing inflation while keeping growth in mind, governor Shaktikanta Das told MC Govardhana Rangan and Bodhisatva Ganguli in an interview, during which he also spoke about borrowing, crypto and the reform agenda. Edited excerpts:You had said that the May 4 interest rate hike was the beginning of reversal of the cuts. The next meeting of the monetary policy committee (MPC) is due on June 6-8. Is there a temptation to do the remaining 75 basis points in

27 May 2022 5:28 am