Odisha CM Naveen Patnaik pitches for institutional lending to women SHGs
November 15, 2018 2:23:47 am

On the third day of the state’s flagship investment summit Make in Odisha (MIO), Patnaik addressed a gathering of bankers and women involved in Mission Shakti — a scheme to form SHGs and provide them with financial assistance.

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November 15, 2018 2:18:18 am

UltraTech has offered to pay Rs 7,960 crore under its plan wherein all the financial as well as the operational creditors will receive their complete dues.

Twitter to add political ads portal expanding its consent policy
November 15, 2018 8:23:28 pm

Google and Facebook have announced similar features to be deployed in India.

November 15, 2018 1:55:25 am

IDBI Bank loss at `3,602 cr; Central Bank posts loss of `923.60 crore

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November 15, 2018 1:48:09 am

ONGC is one of the three oil companies identified by the Ministry’s Department of Investment and Public Asset Management (Dipam) for government share buyback to meet the Ministry’s divestment target of Rs 80,000 crore.

RBI survey for 2017: Four southern states account for 46% of $69 billion overseas remittances
November 15, 2018 7:17:14 am

The RBI survey reveals that 58.7 per cent of total remittances of $69 billion in 2017 was received by four states — Kerala, Maharashtra, Karnataka and Tamil Nadu.

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November 15, 2018 2:01:53 am

The bank further said it would announce the appointment of a new chairman in "due course" post RBI's approval.

Substantial debt may impact company's ability to raise finance: Tata Steel
November 14, 2018 2:44:59 am

Net sales in Q2FY19 grew 34 per cent y-o-y to Rs 43,544 crore supported by better realisations and increase in volumes and Bhushan Steel contributing for the first full quarter.

November 14, 2018 2:38:44 am

The state government is keen to produce indigenously designed, developed and manufactured defence equipment for the country, which often involves high import costs, restrictions on niche technology, strict procedural requirements, permissions from multiple agencies and rapid obsolescence.

Arvind Mills to invest Rs 4000 crore in Andhra Pradesh, set up plant
November 14, 2018 2:29:08 am

Naidu is likely to lay foundation for the Arvind Mills on December 13, when he attends MSME conclave at Tirupati.

Jet Airways stock spurts 5.21%, terms deal with Tatas as ‘speculative’
November 14, 2018 2:18:00 am

In a stock exchange filing on Tuesday, Jet Airways said, “the subject news is speculative in nature and that there is no discussion or decision in the board which would require a disclosure.”

November 14, 2018 2:09:16 am

The claims of these 29 creditors together add up to around Rs 607 crore. Of these, 27 creditors including major ones — Ideal Movers, Kamaljeet Ahluwalia, Arfin India, Sakar Industries and Apex Commodities — have made a claim of Rs 360.39 crore on Essar Steel.

Sebi for easier norms for startup listing
November 14, 2018 2:03:18 am

Sebi also said the CRAs should disclose parameters such as liquid investments or cash balances, access to any unutilised credit lines and adequacy of cash flows in a specific section on liquidity.

November 14, 2018 1:57:37 am

The Ministry of Corporate Affairs had approached the appellate tribunal after the Mumbai bench of National Company Law Tribunal (NCLT) turned down its plea to grant 90-day moratorium over the loans taken by IL&FS and its subsidiaries.

November 14, 2018 1:49:31 am

Specific relaxation in RBI regulations likely to provide breathing space to firms

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November 14, 2018 6:46:33 pm

Apple has appointed Ashish Chowdhary as Country Manager for India overseeing the sales function, it is reliably learnt. Chowdhary was earlier the Chief Customer Operations Officer (CCOO) at Nokia, where he joined in 2003.

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November 13, 2018 2:26:01 am

Chinese telecom equipment and smartphone maker Huawei’s India CEO Jay Chen said that the business has received support from all departments of India’s government.

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November 13, 2018 2:10:45 am

In anticipation of 2019 elections, both Google and Facebook said they will focus on training journalists while Twitter emphasised eliminating fake accounts and automated manipulation as well as political ad transparency.

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November 13, 2018 1:42:04 am

Till September 30, there have been 52 resolution plans approved by the NCLT which has led to the financial creditors realising a cumulative amount of about Rs 58,400 crore.

Spending surge powers growth: GDP is up 8.2%, best in over two years
November 13, 2018 1:36:46 am

The government said a roundtable discussion was held for estimating back series of GDP, wherein analytical information was sought and a follow-up discussion will be held shortly.