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-
Resolution failures: Lenders may act against UK’s Liberty
Liberty House has been an active bidder in the insolvency process. The resolution plan submitted by the UK-based company, headed by Sanjeev Gupta, had been approved for several companies — Amtek Auto, Castex Technologies, Adhunik Metaliks and Zion Steel. -
Demonetisation: 80,000 being chased by I-T for large cash deposits
The income-tax department (I-T) is ‘chasing’ 80,000 persons who had deposited cash during demonetisation period which didn’t match their income profile, chairman of central board of direct taxes (CBDT) Sushil Chandra said on Wednesday. -
RBI Board meet: Finance Ministry keen on boosting MSME credit, NBFC liquidity
Not to press higher surplus transfer by RBI for now. -
Broadband connectivity in villages under Bharat Net fails to pick up
Another official said that till October, 1.15 lakh GPs were service ready, which means that last mile internet connectivity from the GP to the consumer using Wi-FI hotspots or other means can be provided. -
RBI circular intrudes on govt turf?
While banning debt restructuring schemes, RBI decided to terminate the ‘5/25 scheme’ for bank loans for long-gestation infrastructure and core sector industries. Government officials believe RBI went ahead with the move despite the scheme being announced in Parliament in the 2014 budget. -
Zee may be open to bigger share sale
The statement along with the appointment of LionTree, led by prolific media and telecom deal-maker Aryeh Bourkoff, and Goldman Sachs as advisors, appeared to convince market mavens that the Chandra family is eyeing a large deal with US cable and media behemoths like Charter Communications and Comcast. -
Binny and woman had consensual affair: Probe
The accusation of sexual assault came in late July, according to a person with knowledge of the matter, who requested anonymity because the details aren’t public. The person said the accuser was a former Flipkart employee, while a second person who knew of the situation said the woman never worked there. -
Tata Sons chief for board’s backing to acquire Jet
The plan will touch on long-term financial goals as well as on the proposed path for combining the acquired business with that of the group’s existing aviation interests, according to people close to the development. -
Ashok Chawla resigns as Yes Bank chairman
Private lender Yes Bank said Wednesday its non-executive Chairman Ashok Chawla has resigned with immediate effect. -
CLSA’s Chris Wood bets on Modi’s re-election next year but with reduced majority
Chris Wood of CLSA is betting on the re-election of Narendra Modi as the prime minister of the country in the upcoming Lok Sabha polls. -
RBI board meet: Liquidity relief for NBFCs and simpler lending norms for MSMEs to top agenda
"Some resolution on liquidity and credit related issues is expected in the meeting," the official quoted above said. -
I-T Dept chasing 80,000 cases where returns not filed post demonetisation, says CBDT chairman
Around 3 lakh notices were sent to persons who did not file returns post the demonetisation, following which about 2.25 lakh people filed their returns -
Gautam Singhania steps down as Raymond Apparel chairman
Gautam Singhania has stepped down as the chairman of Raymond's branded apparel arm with a view to run the company more professionally. -
Rupee jumps 36 paise against US dollar on crude cool-off
The recovery was also supported by dollar-selling by exporters and banks, foreign fund inflows and the greenback#39;s weakness against some currencies overseas, traders said. -
P Chidambaram attacks Modi govt on PM Fasal Bima Yojana, says it allows insurance companies to rob farmers
PM Fasal Bima Yojna was designed to profit the insurance companies at the cost of the farmers, says P Chidambaram -
Shadow banking crisis is starting to hit consumers
Businesses witnessed sluggish sales this festive season because India’s shadow lending industry, which accounted for 4 out of 10 consumer loans, has grown more cautious amid a funding crunch. In India, NBFCs and lenders to the housing sector have become increasingly important in supporting consumer spending as the nation’s formal banking sector is weighed down by bad loans. -
ICICI Bank hikes retail term deposit rates on select maturities
The hikes are effective Thursday. -
This Indian city is best to live in, but not safest; the safest city is Dehradun
The safest city is Dehradun, which ranks third, according to the combined survey conducted by Jagaran.com, KPMG and Facebook. -
Markets end flat on higher inflation, poll caution
The S&P BSE Sensex ended 2.50 points or 0.01 percent at 35,141.99. -
Gautam Singhania resigns as Raymond Apparel chairman
The company has appointed Nirvik Singh as the non-executive chairman and Anshu Sarin has non-executive director along with Gautam Trivedi, who has joined as an independent director. Commenting on the new appointments, Singhania said, "I have always believed in setting the highest standard of governance and have always advocated running the business professionally." -
NCLAT approves UltraTech's bid for Binani Cement
The apex court had directed NCLAT to hear the case on a day-to-day basis. -
RBI, govt trying to reach common ground on some key issues
If not in this board meeting, sources said, the issue of relaxation of PCA framework which the finance ministry has been pitching for would be reached in the next few weeks. -
MSME lending, PCA issue: RBI, govt trying to reach common ground, say sources
The government and Reserve Bank seem to be veering around to reach an agreeable solution particularly with respect of relaxation of the Prompt Corrective Action (PCA) framework and easing of lending norms for the MSME sector ahead of the RBI board meeting on November 19, sources said. -
RBI, Centre trying to resolve some key issues
If not in this board meeting, sources said, the issue of relaxation of PCA framework which the finance ministry has been pitching for would be reached in the next few weeks. -
RBI, Centre trying to reach common ground on some key issues
If not in this board meeting, sources said, the issue of relaxation of PCA framework which the finance ministry has been pitching for would be reached in the next few weeks. -
RBI, government trying to reach common ground on key issues
Finance Minister Arun Jaitley said there is a need to minimise NPAs in order to maintain the strength of the banking system and enable it to help the economy grow. -
Mutual funds log Rs 35,500 cr inflow in October amid market correction
Equity and equity-linked schemes attracted Rs 12,622 crore, besides, Rs 55,296 crore was invested in balanced funds. -
SC orders attachment of Amrapali Hospital, company properties, 'benami' villa in Goa
The top court asked the Chief Financial Officer Chander Wadhwa to deposit Rs 11.69 crore with its registry within three weeks. It also asked a statutory auditor Anil Mittal to pay Rs 47 lakh. -
Markets end flat as Sensex, Nifty succumb to profit-booking
Sun Pharma, Kotak Mahindra Bank, TCS, Mahindra and Mahindra were among the worst performers on the BSE index with their stocks losing as much as 7.36 per cent. On NSE, sub-indices Nifty IT and Pharma tracked major losses, down as much as 2.45 per cent. -
Infosys founder Narayana Murthy backs Modi for second term, pitches for continuity
Infosys founder Narayana Murthy also talked about the ongoing rift between the central government and the Reserve Bank of India (RBI), and said that both parties - the RBI and the government - are doing "what is legitimately their mandate". -
Heavens seem to be smiling on India, says Uday Kotak; here’s why
Heavens seem to be smiling on India, said top banker Uday Kotak on a development that is advantage India. Here's what he is talking about. -
Infosys to open innovation hub in Texas, hire 500 American workers by 2020
The Hub will be located in Richardson, Texas and have a special focus on the telecommunications, retail and banking sectors. -
Infosys to hire 500 American workers by 2020
Last year, Infosys had announced setting up of four such hubs and hiring about 10,000 locals in the US by 2019. Infosys has hired over 6,200 American workers since May 2017. -
APEC summit: The Xi Jinping show by the sea shore
US President Donald Trump's decision to skip the summit in Papua New Guinea has allowed the Chinese leader to take centre stage, an opportunity that Beijing is seizing with relish. -
Startup India Investment Seminar: 8 Indian startups secure $30mn commitments from Chinese investors
A panel discussion was also organised to discuss effective strategy for Chinese VCs to enter the Indian startup market and share their experiences about the Indian startup ecosystem. -
SpiceJet Q2 loss widens to Rs 389.4 crore on ATF price hike, weak rupee
SpiceJet's Q2 fuel bill rose 36% to Rs 845.1 crore from Rs 542.3 crore in same period last year. Total income rose 3.8% from Rs 1,842 crore in last Q2 to Rs 1,910.3 crore this time. This is the airline’s second straight quarterly loss after 13 profitable quarters in a row. -
SpiceJet Q2 loss widens to Rs 389.4 crore
SpiceJet's Q2 fuel bill rose 36% to Rs 845.1 crore from Rs 542.3 crore in same period last year. Total income rose 3.8% from Rs 1,842 crore in last Q2 to Rs 1,910.3 crore this time. This is the airline’s second straight quarterly loss after 13 profitable quarters in a row. -
Govt vs RBI: Dy Guv Acharya could be in hot water if issue escalates at next RBI board meet
The government may choose to invoke Section 7 of the RBI Act, 1934 if the discussions between the government and RBI break down -
Spicejet Q2 net loss at Rs 389.37 crore as high fuel cost, rupee fall take toll
The company had posted a net profit of Rs 105.27 crore in the same quarter last fiscal, Spicejet said in a regulatory filing. -
Moody's changes rating outlook on Tata Motors to negative
The ratings agency has also affirmed the 'corporate family rating' and the company's senior unsecured instruments ratings at Ba2, which is considered to be speculative grade and subject to substantial credit risk. -
Room ACs to make India bigger climate villain than China; here’s how
Air conditioners are making your room cooler and the Earth warmer! And India could become a bigger climate villain than China by 2050. -
India says ready to import more gas and oil from US
"We expressed our readiness to import more gas and more oil from United States as a way of expanding trade," foreign secretary Vijay Gokhale said on the sidelines of the 33rd ASEAN summit attended by Prime Minister Narendra Modi. -
India says ready to import more gas and oil from the United States
"We expressed our readiness to import more gas and more oil from United States as a way of expanding trade," foreign secretary Vijay Gokhale said on the sidelines of the 33rd ASEAN summit attended by Prime Minister Narendra Modi. -
Ashok Leyland stock dives over 9% after CEO's exit
Ashok Leyland Share Price: Shares of the company plunged as much as 9.28 per cent (intraday) to Rs 108. The scrip posted its biggest intraday loss in over a month since October 11. -
Maruti Suzuki next Gen Ertiga pre-bookings open
The Ertiga will be launched in all-new avatar on November 21. -
Donald Trump says Indian trade negotiators ‘the best’, calls PM Narendra Modi a friend
This is the second consecutive Diwali that the US President Trump has celebrated along with nearly two dozen top Indian Americans officials of his administration in the White House. -
WPI inflation in October rises to 4-month high of 5.28%; key things to know
After retail inflation was recorded at a 13-month low of 3.31 percent in October, WPI inflation climbed to four-month high of 5.28 percent in the same month up from 5.13 percent in September, official data showed. -
WPI inflation rises to 4-month high of 5.28% in October
On the basis of Wholesale Price Index (WPI), inflation was 5.13 percent in September and 3.68 percent in October last year. -
WPI inflation hits 4-month high in October
Food articles witnessed softening of prices with deflation at 1.49 per cent in October, against 0.21 per cent September, government data released Wednesday showed. -
Wholesale inflation rises to 5.28% in October
The WPI is a marker for price movements in bulk buys for traders and broadly mirrors trends in shop-end prices.
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