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Avantha sells 8.3% stake in Crompton

Analysts said selling in the counter intensified after reports that the promoter firm intends to offload stake via block deals.

Black money rampant in realty, shows sting

At least 35 real estate companies were willing to accept up to 80 per cent of the transaction value in cash, the sting operation showed.

Bank can now lend Rs10 lakh against infra bonds

In the Union Budget 2014-15 the government had said that “banks will be encouraged to extend long term loans to infrastructure sector…”.

Roads: Revised exit policy on Cabinet table soon

The revised policy provides for the exit of private developers of projects awarded both before and after 2009.

For Budget 2015-16, FinMin has no Plan panel to work with

The Plan finance division in the department of expenditure has been filling in for the Planning Commission whenever required.

SBI MF to launch Shariah Equity Fund

Tata Mutual Fund has an ethical fund which invests in a diversified equity portfolio based on principles of Shariah.

OilMin to upstream regulator: Solve block disputes by Nov 30

Resolution to boost production by 250 mn barrels of crude a year.

Outside Amazon HQ in Seattle, a hunger strike begins with an Indian twist

Protesting outside Jeff Bezos’ company is a 43-year-old second-generation immigrant Kivin Varghese.


Just nine of 370 daily AI flights profitable

These costs, however, do not include interest costs and staff salaries.

SpiceJet in talks with investors for fresh capital

Shares in the carrier were down 2.37 per cent by 3:45 p.m. following the statement, against a 0.58 per cent rise in the Sensex and erasing some of Friday’s gains.

India, US set to deepen ties after WTO patch-up

Two sides likely to announce key policies today.

RBI to banks: Keep penalty on balance shortfall reasonable

The RBI said banks should not take undue advantage of customer difficulty or inattention.

Asset quality dips: Gross NPAs of public banks cross 5%

Sectorally, bad loans in small and medium industries saw a sharp jump at 7.18 per cent in September 2014.

Increase credit flow, act without fear or favour: FM to banks

Department of financial services secretary, Hasmukh Adhia, also asked banks to encourage solar and non-conventional energy.

Rupee tanks to 8-month low on Dollar demand from oil firms

The fall in the Sensex also impacted the rupee sentiment.