Business
DHFL Shares Fall Nearly 5% as RBI Starts Insolvency Resolution Process
Shares of the troubled firm fell 4.83 per cent to trade at Rs 19.70 on the BSE. On the NSE, the stock fell 4.83 per cent to Rs 19.75.
Day After India's Sinking GDP Growth Rate, Nirmala Sitharaman Keeps Alive Hope of $5 Trillion Economy
Earlier this week, Sitharaman, during a discussion on economic situation in the Rajya Sabha, said even though economic growth may have slowed but there is no recession.
Vodafone Idea, Bharti Airtel Tumble on Reports CoS on Telecom Bailout Package Disbanded
Vodafone Idea plummeted 11.70 per cent to close at Rs 6.04 on the BSE. Shares of Bharti Airtel also dropped 4.34 per cent to close at Rs 431.70.
MMTC Contracts to Procure 6,090 Tonnes Onion to Boost Domestic Supply, Cut Prices
While MMTC has been tasked to import onions, cooperative Nafed will supply the key kitchen items in the domestic market.
Rupee Falls 2 Paise Against US Dollar in Early Trade Amid Weak Global Cues
At the interbank foreign exchange, the rupee opened strong at 71.68, showing a rise of just 3 paise over its previous closing.
RCom Lenders Reject Resignation of Anil Ambani, 4 Other Directors
RCom had posted a consolidated loss of Rs 30,142 crore for September 2019 quarter due to provisioning for liabilities after the Supreme Court ruling on statutory dues.
DHFL Postpones Release of Financial Results; New Date to be Announced Later
The RBI had on Wednesday used the recent changes in the laws to supersede the board of DHFL, announced to resolve the issue under the provisions of the bankruptcy code and appointed the administrator.
Govt Approves Biggest Privatisation Drive, Will Sell Stake in BPCL and Four Other PSUs: FM Sitharaman
The government will sell its 53.29% stake in BPCL after taking out Numaligarh refinery in Assam from its portfolio, said Sitharaman.
Essel Group to Divest 16.5% More in ZEEL to Meet Loan Obligations
Essel Group entities hold 22.37 percent in Zee, of which over 90 percent or 21.48 percent, are pledged as collaterals against finances availed by them through NCDs.
Vodafone Idea Presses for Rs 7,000 Crore Tax Refund; I-T Dept Hesitant in View of Fresh Liability
Sources said Vodafone has to receive an aggregate of about Rs 1,000 crore from Mumbai unit of income tax department and another Rs 6,000 crore from Delhi office for multiple assessment years dating back to 2004-05.
PMC Case: Depositors Can Approach RBI Admin for Emergency Withdrawals, HC Told
Such withdrawal restrictions were necessary to safeguard the interests of the bank and its depositors, the RBI said in an affidavit filed in the HC.
Sensex Rises 186 Points; RIL Rallies 4% to All-time High
Reliance Industries became the first Indian company to hit the Rs 9.5 lakh-crore market capitalisation level.
Weekly Stocks Update: Top Gainers and Losers for the Week Ended November 15
For the week ended on November 15, the S&P BSE Sensex inched up by just 33 points, or 0.08%, to settle at 40,356.69, while the Nifty slipped marginally by 13 points, or 0.1%, to end at 11,895.30.
PSU Banks Rally After Supreme Court’s Verdict on Essar Steel, SBI up 5%
To recall, Essar Steel owes about Rs 49,000 crore to a dozen of banks. SBI has the highest exposure of over Rs 15,000 crore. Others exposed to the company include ICICI Bank, IDBI Bank and Syndicate Bank.
Rupee Rises by 18 paise to 71.78 Against Dollar in Early Trade
On Thursday, rupee had settled for the day at 71.96 against the US dollar. Higher opening in domestic equities on Friday had supported the local unit
Govt Eases Norms for Opening Bank Account for Migrants With Aadhaar KYC
The Department of Revenue on Thursday said its notification is with regard to easing of Aadhaar KYC use for opening of the bank account for the convenience of people who often migrate from place to place for jobs or any other reason.
