Business News
ReutersJun 7, 2019
Oil prices jumped after Saudi Energy Minister Khalid al-Falih told a conference in St Petersburg, Russia, that $60 a barrel was too low to encourage investment in the industry. Crude later pared gains.
PTIJun 7, 2019
The banking and financial services segment (BFS) is a staple for Indian IT services companies serving global clients, and it accounts for major chunk of overall tech services basket.
PTIJun 7, 2019
To boost the sagging economy, the RBI Thursday lowered its benchmark lending rate to a nearly nine-year low of 5.75 per cent and changed its monetary policy stance to accommodative, leaving space for future rate
ReutersJun 7, 2019
Hudson, born in 1967 according to Novartis' website, has been CEO of Novartis Pharmaceuticals unit since 2016. He is a member of Novartis' executive committee.
APJun 7, 2019
The billionaire Bloomberg's investment in the Beyond Carbon initiative marks the largest ever philanthropic effort to combat climate change, according to the mayor's foundation.
ReutersJun 7, 2019
"We are very concerned by the recent allegations and will continue to closely monitor the situation," Nike said when asked about the accusation against Neymar.
George MathewJun 7, 2019
To spur growth, RBI cuts interest rate, stance now accommodative Subscriber Only
This is the third such rate cut of 25 basis points in calendar year 2019. With this, the RBI’s main policy rate now stands at a level touched almost nine years ago in July 2010.
ENS Economic BureauJun 7, 2019
The panel’s current members V K Saraswat, Ramesh Chand and V K Paul find a place in the reconstituted Aayog, with the only change being economist Bibek Debroy’s name not figuring in the new list.
ENS Economic BureauJun 7, 2019
“A new scheme to rebate state and central taxes and levies will be rolled out in three months and will be implemented in a phased manner for all sectors,” Goyal said.
ENS Economic BureauJun 7, 2019
DHFL has around Rs 7,800 crore of bonds and non-convertible debentures repayment coming due in 2019.
Despite the worsening financial performance of IFIN over the years, the key managerial personnel kept getting salary hikes and incentives, the fraud office stated in its chargesheet.
ENS Economic BureauJun 7, 2019
DHFL, which defaulted on repayment of bonds of Rs 1,000 crore, has AUM of Rs 1.3 lakh crore and borrowings of Rs 1 lakh crore as of December 2018, said the CLSA report prepared by
ENS Economic BureauJun 7, 2019
Premji, who turns 74 next month, will however remain associated as non-executive director of the company and as founder chairman.
ENS Economic BureauJun 7, 2019
NBFC stocks witnessed heavy selling pressure following the bond defaults by mortgage lender DHFL on June 4, which led to a slew of rating downgrades for the company.
ENS Economic BureauJun 7, 2019
The new measure is to provide an impetus to digital funds movement, the RBI said.
ENS Economic BureauJun 7, 2019
The scrip dived 15.86 per cent to close at Rs 93.90 on the BSE. During the day, it fell as much as 18 per cent to Rs 91.50 — its 52-week low level — even
ENS Economic BureauJun 7, 2019
We have been closely monitoring performance and developments in the NBFC and HFC sectors: Reserve Bank Governor
Express Web DeskJun 6, 2019
Azim Premji's son Rishad Premji will be replacing him as the Executive Chairman, and Chief Executive Officer (CEO) Abidali Z Neemuchwala will take over as the new MD, the company said in a statement.
PTIJun 6, 2019
The RBI on February 12, 2018, issued a framework on the resolution of stressed assets under which banks were asked to disclose defaults even of a day and have to find a resolution plan within
ReutersJun 6, 2019
"With FCA pulling its merger offer, one has to wonder how much the French state is set on limiting Renault’s strategic and valuation opportunities despite having only a 15% stake," analysts at brokerage Jefferies wrote
PTIJun 6, 2019
The Real Time Gross Settlement System (RTGS) is meant for large-value instantaneous fund transfers while the National Electronic Funds Transfer (NEFT) System is used for fund transfers up to Rs 2 lakh.
PTIJun 6, 2019
"We have been closely monitoring the performance and developments in the NBFC and HFC sectors," Das told reporters during the customary post-RBI policy conference.
PTIJun 6, 2019
The central bank also lowered the economic growth forecast for the current fiscal to 7 per cent due to slowdown in domestic activities and escalation in global trade war.
PTIJun 6, 2019
The Commissioner of Central GST and Customs carried out search and seizure proceedings at various premises of the company on May 23, and further inquiry was conducted on May 24, at GST Bhavan office of
Express Web DeskJun 6, 2019
RBI Monetary Policy 2019 Repo Rate: This is the third straight interest-rate cut under RBI Governor Shaktikanta Das, who also heads the Monetary Policy Committee (MPC).
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