Business
TVS Motor Drops 5% After Q1 Results, Pares Losses Later
TVS Motor’s consolidated total income during the June quarter stood at Rs 5,026.27 crore as against Rs 4,626.15 crore in the year-ago period.
Rise in Government Borrowing Can Weigh on Corporate Sector, Says RBI's Viral Acharya
In a lecture shared by the RBI late on Monday, Acharya said India's borrowing relative to its output has ranged from 67% to 85% since 2000 and has outpaced many emerging markets including China.
Air India to Resume Flights on Delhi-Kabul, Lucknow-Najaf Routes as Pakistan Reopens Airspace
In March, Air India had suspended flights on the Lucknow-Najaf, Delhi-Amritsar-Birmingham and the Delhi-Kabul routes.
This Monsoon, Protect Your Health, Home and Vehicles with Right Insurance Policies
Insurance companies have started offering disease-specific plans. Dengue is one such disease for which there are maximum retail insurance plans available in the market.
Earnings to Drive Markets This Week; Indices May See Volatility: Analysts
The BSE Sensex had posted its second-biggest fall of 2019 on Friday after the government thwarted hopes of tax relief for FPIs.
Rating Agencies Knew of Stress at IL&FS, But Gave Good Ratings: Audit Report
Review of communication between former IL&FS employees and ratings agencies found the company at times "used to potentially pressurise" rating firms to withdraw their assessment if the company did not receive a favourable rating.
IndiGo to Seek Shareholders' Nod for Board Expansion to Induct Independent Woman Director
In a letter to markets regulator Sebi on July 8, Rakesh Gangwal, one of the two IndiGo promoters, had pointed out the airline's non-compliance with Sebi regulations in not bringing onboard an independent woman director since May last year.
For Defaulter Bhushan Power, Fraud Charges by PNB, Allahabad Bank Couldn't Have Come at a Worse Time
Both PNB and Allahabad Bank said in separate stock exchange filings that BPSL has misappropriated bank funds and manipulated books of accounts to raise funds from the consortium of lender banks.
Suzlon Energy Shares Tumble 8.6% After Company Defaults on Bond Payments
At 11:48 am, shares of Suzlon were trading at Rs 4.50, down 3.2%, on BSE after hitting an intra-day low of Rs 4.25. The stock has fallen over 35% in the last one year.
India, UK Set up 3 New Bilateral Trade Working Groups to Tackle Barriers in Specific Sectors
The latest Joint Economic and Trade Committee meeting, which included bilateral trade talks between Commerce and industry minister Piyush Goyal and UK secretary of state for international trade Liam Fox, is the 13th such meeting to take place between the...
Soon, Blind People Will Be Able to Identify Currency Notes as RBI Gears Up to Launch Special App
RBI's counsel senior advocate Shyam Mehta had earlier told a bench of Bombay High Court that RBI had constituted a four-member expert committee in February to develop such software.
Sensex Ends 160 Points Higher, Infosys Soars 7%
The broader NSE Nifty ended 35.85 points, or 0.31 per cent, up at 11,588.35. During the day, the index hit a high of 11,618.40 and a low of 11,532.30.
Future Enterprises Plummets 11% Following CFO's Arrest for Alleged Custom Duty Evasion
The Directorate of Revenue Intelligence arrested Dinesh Maheshwari, CFO of Future Enterprises, for flouting import rules that allow duty-free shipments of certain items under the South Asian Free Trade Area.
Allahabad Bank Shares Plunge by 14% After Reporting Fraud of Rs 1,775 Crore by Bhushan Power
Bhushan Power and Steel had defaulted on Rs 47,700 crore worth of loans in 2017 and was one of the first 12 cases referred for resolution under the new Insolvency and Bankruptcy Code.
Rupee Rises 16 Paise to 68.53 Against US Dollar in Early Trade
Foreign institutional investors remained net sellers in the capital markets, pulling out Rs 850.11 crore on Friday, as per provisional data.
Guidelines Soon for State-Owned Banks to Take Over Pooled Assets of NBFCs
To address the stress in the sector, Finance Minister Nirmala Sitharaman in the Budget proposed that public sector banks would purchase high-rated pooled assets of financially sound NBFCs, amounting to a total of Rs 1 lakh crore during FY 2019-20.