Business

Patanjali Ayurved on Wednesday completed its first big acquisition by paying Rs 4,350 crore to take over soya food brand Nutrela-maker Ruchi Soya through an insolvency process.

Yes Bank Ltd shares dropped nearly 4% after a media report said that India Ratings downgraded bank’s long-term issuer rating to 'Af’ from ‘A+’.

Subramanian had flagged the twin balance sheet (TBS) problem - debt accumulated by private corporates becoming non-performing assets (NPA) of banks - back in December 2014, while he was CEA to the Narendra Modi government.

Forex traders said market participants were enthused following positive developments on the US-China trade talk front and last week's general election win for Britain's Prime Minister Boris Johnson.

Most of the states rued that the delay in payment has put pressure on their finances affecting many development work. Earlier in the day, Nirmala Sitharaman assured states that the Centre will not 'renege' on the promise of GST compensations.

BEML, a mining equipment maker, has diversified into manufacturing of rail coaches and defence production that already accounts for almost half of its current topline.

Speaking to heads of major state-run banks in Mumbai, RBI Governor Shaktikanta Das noted there has been "improvement" in the banking sector and it remains "resilient".

The allotment of shares for Ujjivan Small Finance Bank IPO has already begun and might be concluded soon. Since Karvy Fintech Pvt. Ltd was the registrar of the issue, subscribers can visit its website and check the allotment status there.

India's GDP growth slowed sharply to a pace of 4.5 per cent in the July-September, hit by a slump in manufacturing output.

In a statement on the development and regulatory policies released with the bi-monthly monetary policy statement, the central bank said it is planning to introduce 'baseline cybersecurity controls for ATM switch application service providers'.

Special judge Bharat Parashar denied the relief to Singal after the ED told the court that the accused had tampered with the evidence in the past and if allowed to come out of jail, he was again likely to repeat that and influence witnesses.

In the fifth bi-monthly review of the policy, the Reserve Bank of India also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy.

The National Company Law Tribunal (NCLT) on Monday admitted the Reserve Bank's petition to initiate insolvency proceedings against mortgage player DHFL, making it the first financial services firm to be resolved through the bankruptcy code.

Forex traders said, the domestic unit is trading in a narrow range ahead of the RBI monetary policy decision on Thursday.

Ministry of Labour and Employment on Monday said that the unemployment rate in the country has increased from 3.4 percent in 2013-14 to 6 percent in 2017-18, the highest in 45 years.

Karvy has been suspended in capital market, futures and options, currency derivatives, debt, mutual funds service system (MFSS) and commodity derivatives segments, NSE said in a statement.