Business News
ENS Economic BureauMay 14, 2019
Vodafone Idea Q4 loss at Rs 4,881.9 crore Subscriber Only
The revenue from operations for the March quarter of 2018-19 came in at Rs 11,775 crore, close to the Rs 11,764.8 crore last quarter.
ENS Economic BureauMay 14, 2019
HDFC Mutual Fund had rolled over one of its FMPs, which has investments in two Essel Group companies.
ENS Economic BureauMay 14, 2019
Rupee crashes to over 2-month low on foreign fund outflows Subscriber Only
Extending losses for the ninth session in a row, the 30-share BSE benchmark Sensex saw steep plunge in the last hour and closed 372.17 points, or 0.99 per cent, lower at 37,090.82.
ENS Economic BureauMay 14, 2019
Commerce Secretary raises concerns with the agenda promoted by richer nations to reform WTO.
George MathewMay 14, 2019
The regulator has capped payments by insurers to agents and dealers at 19.5 per cent for cars and 22.5 per cent for two wheelers and brought them under its purview as motor insurance service providers
ENS Economic BureauMay 14, 2019
Sales of passenger vehicles fell to 247,541 in April as against 298,504 a year earlier, data released by the Society of Indian Automobile Manufacturers (Siam) on Monday showed. Two-wheeler sales dropped 16.4 per cent to
ENS Economic BureauMay 14, 2019
ITC appoints Sanjiv Puri as Chairman-MD Subscriber Only
He became CEO on February 5, 2017, after the company split the role of the Chairman between Chairman and CEO as part of succession planning in the company.
ENS Economic BureauMay 14, 2019
HDFC profit rises 27% in Q4 Subscriber Only
The board has proposed a final dividend of Rs 17.50 per share and the proposed final dividend is in addition to the interim dividend of Rs 3.50 per share declared by the board earlier in
PTIMay 13, 2019
The domestic sales declined for a sixth straight month in April to 2,47,541 units against 2,98,504 units in the year-ago month. It is the worst dip in PV sales since October 2011 when sales had
BloombergMay 13, 2019
Morgan Stanley got clients into Uber; IPO stumbled Subscriber Only
Morgan Stanley investment bankers stand to reap millions of dollars in fees for leading Uber Technologies Inc.’s initial public offering last week. Yet wealthy clients are facing losses.
PTIMay 13, 2019
The rupee opened sharply lower at 70.16 and fell further to touch over two-month low of 70.53 at the interbank foreign exchange market as oil prices rose over 1 per cent in global markets. The
PTIMay 13, 2019
Puri's elevation comes after noted industry leader and erstwhile ITC Chairman Y C Deveshwar passed away Saturday morning after a brief illness.
ReutersMay 13, 2019
Liu Young, 63, is also a board member of Foxconn's Japanese electronics unit Sharp Corp. The nomination would come after Gou, 68, told Reuters in April he planned to step down as chairman of the
PTIMay 13, 2019
The 30-share index was trading 23.96 points, or 0.06 per cent, lower at 37,439.03. The broader NSE Nifty was also trading 7.85 points, or 0.07 per cent, down at 11,271.05. In the previous session on
BloombergMay 13, 2019
Congestion continues to be the biggest problem facing airports: The flight industry is experiencing a rapid increase in global tourism. The Worldwide Tourism Organization estimates that worldwide international tourist arrivals increased 6%, to 1.4 billion
David Flood interview: ‘Jet Airways collapse a short-term shock for Irish leasing companies’ Subscriber Only
David Flood, director of India and South Asia for Enterprise Ireland said that the Jet Airways episode is being seen as a short blip in a market otherwise poised to grow.
ENS Economic BureauMay 13, 2019
Q4FY19 earnings season: Sales slow, profits fall Subscriber Only
Demand is clearly very weak; companies have been unable to hold on to their operating margins.
ENS Economic BureauMay 13, 2019
Bank deposits growing, not slowing: RBI report Subscriber Only
According to the RBI report, empirical evidence puts forward several interesting facts about the behaviour of bank deposits.
ENS Economic BureauMay 12, 2019
Record 1,818 kg pseudoephedrine seized from Greater Noida: NCB Subscriber Only
The agency got the record haul after interrogating a South African woman, arrested on May 9 from IGI Airport for allegedly carrying 24.7 kg of pseudoephedrine. The woman was first intercepted by the Central Industrial
Tabassum BarnagarwalaMay 12, 2019
Technical glitches in two SpiceJet aircraft Subscriber Only
The Mumbai to Chennai flight (SG-611) had to return to Mumbai due to technical glitches later in the morning, an airline spokesperson said. The plane took off for Chennai after the issue was rectified, the
ENS Economic BureauMay 12, 2019
Y C Deveshwar transformed ITC from a cigarette firm to India’s fifth most valued company Subscriber Only
According to corporate observers, Deveshwar led ITC’s strategic thrust to create multiple drivers of growth that would make a significant and growing contribution to the Indian economy.
PTIMay 11, 2019
SpiceJet flight SG-611, which departed from Mumbai's Chhatrapapati Shivaji Maharaj International Airport for Chennai around 7.30 am, returned to the city airport due to a mid-air technical glitch after being airborne for about 16 minutes.
ENS Economic BureauMay 11, 2019
High international order intake sees L&T Q4 net rise 8% y-o-y Subscriber Only
The engineering major’s revenue from operations rose 10 per cent y-o-y to Rs 44,900 crore. Both the revenue and the net profit were slightly better than analysts’ estimates.
ENS Economic BureauMay 11, 2019
Allahabad Bank Q4 net loss widens to Rs 3,834 cr Subscriber Only
The Kolkata-headquartered lender, which came out of the prompt corrective action (PCA) framework of the Reserve Bank of India in February, had reported a net loss of Rs 732.81 crore for the third quarter of
ENS Economic BureauMay 11, 2019
WTO ministerial meet to take up ‘serious and grave’ challenges Subscriber Only
Apart from this, other “serious and grave” challenges faced by the multilateral rule-based trading system will also be taken up as part of the agenda of the two-day meet.
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