- 04 May 1606:49 AMThere were 7,686 wilful defaulters owing Rs 66,190 crore to state-owned banks as of December 2015, Jayant Sinha, minister of state for finance, told Rajya Sabha on Tuesday.06:00 AMNIFTYCurrent: 7,747 (futures: 7,781)Target: NAStop-long positions at 7,700. Stop-short positions at 7,855. Big moves could go till 7,905, 7,655. A long 7,600p (65), short 7,500p (44) could gain 10-15 if the index falls below 7,675.BANK NIFTYCurrent:12:56 AMCompetition from product companies and changes in customers’ technological requirements are forcing information technology (IT) players to change their hiring strategy.12:40 AMAs many as 64 central public sector enterprises (CPSEs) witnessed capital erosion to the tune of Rs 74,000 crore during 2014-15, according to a financial audit report by the Comptroller and Auditor General (CAG) of India on CPSEs.12:39 AMA man walks past an AVIVA logo outside the company's head office in the city of LondonAviva Plc has acquired an additional 23 per cent stake in Aviva Life Insurance from Dabur Invest Corp for Rs 940 crore.12:38 AMImage via ShutterstockWith the Reserve Bank of India (RBI) finally publishing estimates of gross value added (GVA) derived from the MCA database, it is now possible to examine whether the criticism levied against the new gross domestic product (GDP)12:37 AMIndia is expected to grow at 7.5 per cent in FY17, underpinned by strong domestic consumption, which has benefited from lower energy prices, says the International Monetary Fund (IMF) in its Regional Economic Outlook: Asia and Pacific.12:36 AMThe Reserve Bank of India (RBI) is looking to put in place a regulatory framework to check fraudulent electronic transactions. This is expected to fix the liability issues arising out of such transactions, the government informed Parliament on Tuesday.12:35 AMAn employee counts rupee notes at a cash counter inside a bank in AgartalaSmall finance banks (SFBs) are expected to be major suppliers of priority sector lending certificates (PSLCs) worth Rs 9,000-19,000 crore by 2019-20. They might also engage in12:35 AMThe Maharashtra government has fast-tracked key infrastructure projects worth Rs 50,000 crore, most of them in rural areas, on the back of good response from project-affected persons (PAPs) to its revised land acquisition policy.12:33 AMTuff Drilling, the Delhi-based contractor of Gujarat State Petroleum Corporation (GSPC), has defaulted on loans of over Rs 120 crore to three public sector banks.12:32 AMBajaj V15After a two-year gap, Pune-based two- and three-wheeler maker Bajaj Auto has regained its third rank, in terms of number of units sold, displacing Chennai-based TVS Motor.12:25 AMIndia earned about $16.5 billion from the export of non-industrial diamonds, the top exported commodity in April-January 2015-16. It imported petroleum and crude oil worth $57.67 billion in the period.12:08 AMThe water crisis in Maharashtra, which is in the grip of a drought, has deepened with only 17 per cent stock left in around 2,500 dams and reservoirs across the state. Of the 11 major irrigation dams, seven have no water left in them.12:07 AMFarmers in Kanakamamidi, a village 22 km west of Hyderabad, grow vegetables and flowers as the city, a big market for the produce, is close by.Most of the farmland in this village is barren.12:06 AMGrain output in Andhra Pradesh is expected to be 16.5 million tonnes (mt) against a target 19 mt, according to officials.12:05 AMA train ferrying water from Ajmer to Bhilwara districtEvery summer, Mohan Bapna, 40, and 20,000 people in Gangapur town of Bhilwara district, some 300 km from the state capital, Jaipur, would get drinking water supply once in three days.12:04 AMGujarat might be headed for a water crisis. Already, 65 per cent of the 500 dams and reservoirs in the state are either empty or about to go empty, say government officials.12:03 AMWomen wait for their turn to fill water in Bhubaneswar.12:02 AMVillagers on their way to collect drinking water in Karnataka on WednesdayLaxman Gouda, 63, a farmer in Karagam Doddi of Raichur district, is praying for rain.