Global cues boost Dalal Street; midcaps shine
Benchmark indices are up more than a percent ahead of the outcome of the monetary policy committee meet due later today. Midcaps outperform front-liners, with the Nifty Midcap index rising 1.5%. All sectoral indices are trading in the green, with the Metal and Realty indices rising more than 2%.
Loan write-offs decline to 13% of gross NPAs in FY17: RBI
Loan write-offs as percentage of gross non-performing assets (NPAs) declined to 13% as on March 2017 from a high of 25% in March 2011, according to RBI data.
Average call rate falls to 19 p/min, data tariff to Rs 19/GB: Govt
Average phone call tariff dropped by more than 60% to 19 paise per minute while data tariffs plunged by about 90% to Rs 19 per 1 GB during June 2016 to December 2017 period, Telecom Minister Manoj Sinha said in a written reply to the Lok Sabha.
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