Business News
PTIApr 22, 2019
Running into debt of more than Rs 8,500 crore, Jet Airways has shut down operations temporarily after lenders decided against extending emergency funds for its survival.
Adhil ShettyApr 22, 2019
If you want to tick all the boxes when it comes to health insurance, you may find your office-provided policy wanting in certain critical areas
Express Web DeskApr 22, 2019
Brent crude futures, the global oil benchmark, was trading higher by 2.53 per cent at USD 73.79 per barrel. India is among the nations importing oil from Iran thanks to a waiver from the US.
PTIApr 22, 2019
Air India Express parent, Air India, is already discussing a proposal to lease five of Jet Airways wide-body planes, Boeing 777s.
George MathewApr 22, 2019
SBI General Insurance, which is planning to go for an IPO during the fourth quarter of FY 2019-20, has garnered a total premium of Rs 4,700 crore, up 33 per cent, during 2018-19.
Shubhra TandonApr 22, 2019
Banks, other lenders woo IT talent with fat pay packages as focus on digital increases Subscriber Only
A small NBFC may hire a CTO at Rs 60-80 lakh plus variable pay plus ESOPs, while a larger organisation would be willing to offer anywhere between Rs 1.5 crore and Rs 2 crore, an
PTIApr 21, 2019
The total balance in the Jan Dhan accounts, which has been steadily rising, was at Rs 97,665.66 crore as on April 3, as per the latest government data.
PTIApr 21, 2019
Sources close to the company said it is aggressively bidding for projects in logistics, mining, energy, construction and agro commodities to diversify the portfolio.
ENS Economic BureauApr 21, 2019
On April 17, Jet Airways announced temporary closure of the airline’s operations after a consortium of bankers led by State Bank of India refused immediate fund infusion of Rs 983 crore into India’s oldest private
ENS Economic BureauApr 21, 2019
According to the bank, provisions and contingencies for the latest quarter were Rs 1,889.2 crore (consisting of specific loan loss provisions Rs 1,431.2 crore, general provisions Rs 191.2 crore and other provisions Rs 266.9 crore)
For rating agencies, panel suggests regulator-pays model; industry players argue for time tested issuer-pays model Subscriber Only
Even as industry players argued in their discussions with the finance ministry that issuer pays model is time tested and used by most countries, the government and the Securities and Exchange Board of India (SEBI)
Express Web DeskApr 20, 2019
Some of these changes have been made with respect to changes in income tax laws made in Budget 2018 for 2018-19 and onwards.
PTIApr 20, 2019
Cash-starved Jet Airways, which has around 23,000 employees, has delayed payment of salaries to the employees, including pilots.
PTIApr 20, 2019
Earlier this month, the World Bank said India's GDP growth was expected to accelerate moderately to 7.5 per cent in fiscal year 19-20, driven by continued investment strengthening, particularly private-improved export performance and resilient consumption.
PTIApr 20, 2019
The US imposed economic sanctions on Venezuela in late January 2019 with a view to curb the country's crude exports and put pressure on socialist President Nicolas Maduro to step down.
ReutersApr 20, 2019
Tesla said its directors reviewed the composition of the board "focusing on a phased streamlining of the size of the Board to allow it to operate more nimbly and efficiently."
ENS Economic BureauApr 20, 2019
Over the past one year, government has cleared all appointments suggested by the BBB, including that of non-executive chairpersons Punjab & Sind Bank, Dena Bank, Central Bank of India and Bank of Baroda
Shritama BoseApr 20, 2019
Central Bank to sell NPAs worth Rs 251 crore Subscriber Only
The bank’s exposures to Srinagar Banihal Expressway (Rs 200 crore) and Maa Mahamaya Industries (Rs 51 crore) are being offered on a 100 per cent cash basis.
ENS Economic BureauApr 20, 2019
After stablising a struggling Microsoft, Business Insider says, Satya Nadella has his eyes set on artificial intelligence, edge computing, and augmented reality.
ENS Economic BureauApr 20, 2019
The company said the capital infusion will help it continue investments in future roll-outs to build large network capacity and create content and technology partnerships to ensure the strong customer experience.
Pranav MukulApr 20, 2019
According to sources, a number of pilots and cabin attendants that have joined low-cost carriers like SpiceJet and IndiGo at a significant pay cut.
Reliance is not among the parties that submitted an Expression of Interest (EoI) to the lenders for acquiring Jet Airways. One source, who did not wish to be identified, said it may join UAE-headquartered Etihad
Express Web DeskApr 19, 2019
Jet has offered to offload between 32.1 per cent to 75 per cent stake to an eligible investor after evaluating all bids. Till now, the lenders have received expression of interest (EoI) from four-five parties.
PTIApr 19, 2019
From a pool of 450 senior management personnel across nationalised banks, an inaugural batch of around 75 personnel has been identified this year to help nationalised banks take on the current and emerging challenges.
ReutersApr 19, 2019
Shares in Nissan, mired in a financial misconduct scandal involving Ghosn and the company itself, were trading down 1.2 per cent early on Friday, versus a 0.6 per cent rise in the broader market.
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