Business

In the past two months, IBH shares have jumped around 40 per cent, while those of LVB have risen 60.5 per cent.

The SC had last month asked the sparring brothers to bury their hatchet, consult each other and come out with a concrete plan on how they will secure the Rs 3,500-crore Singapore arbitration award.

The development came in light of Jet Airways’ inability to purchase fuel on credit given its financial woes. Low-cost carrier SpiceJet, too, faced fuel supply cuts in 2014 when it was on the verge of

SpiceJet is the first domestic budget carrier to start services to Hong Kong from the country's financial capital the airline said in a statement adding the new flight will be operational from May 17.

There are no changes reported in the ITR-1 form, which is to be filled by the salaried class, but some sections in ITR 2,3,5,6, and 7 have been rationalised, news agency PTI reported.

At the Interbank Foreign Exchange (forex) market, the domestic unit opened at 69.11. It moved in a range of 69.33 to 69.05 before finally ending at 69.23, down 6 paise over its previous close.

Earlier in the day, Jet Airways faced operational disruptions across major airports when IOC refused to refuel its planes without clearing the outstanding amount.

Jeff Bezos, who will continue to exercise sole voting authority over the shares, will probably remain the world’s richest person, with a 12 per cent Amazon stake that’s currently valued at $107 billion.

The hearing appeared to lift an overhang over Tesla, as the SEC stopped well short of recommending Musk's removal as chief executive or even from the electric car company's board.

With debt of more than $1 billion, Jet has struggled to pay lenders, suppliers, pilots and lessors for months and was on the brink of bankruptcy, but was bailed out last month by state-run banks.

Pandey had taken over the charge of the GIFT City, that houses the country’s first International Financial Services Centre (IFSC), in August 2015 and his three-year term ended in August 2018.

These investments happened at a time when the IL&FS Group’s debt woes were in the public domain and the IL&FS group was busy selling its assets to raise funds to honour its debt repayments.

India has sought Modi’s extradition for alleged “high value and sophisticated” fraud and money laundering.

The six-member Monetary Policy Committee of the RBI voted 4:2 in favour of the rate cut.

Unveiling the monetary policy, the RBI said the GDP growth for 2019-20 in the February policy was projected at 7.4 per cent in the range of 7.2-7.4 per cent in H1, and 7.5 per cent

MSI shared the production figures with stock exchanges, which showed output of passenger vehicles, including Alto, Swift, Dzire and Vitara Brezza, was down 20.6 per cent y-o-y last month.

The decision was taken following a three-hour meeting at SBI’s head office in the capital Thursday evening between Jet Airways management and the lenders.

Jaitley said the debate on electoral bonds is “ill informed” and that the bonds are a step ahead from the earlier measures of using cheques and electoral trusts for political funding.

Over the last five years, Centre did not increase tax rates, and in some cases doubled the tax base, Arun Jaitley said.

While the move to link interest rates to an external benchmark was aimed at increasing transparency and speeding up transmission of rate cuts, many banks were against the RBI’s plan.

“In the light of the Supreme Court order, the RBI will take necessary steps, including issuance of a revised circular, as may be necessary, for expeditious and effective resolution of stressed assets,” Das said.

MacKenzie Bezos will also relinquish all her interests in the Washington Post newspaper and rocket company Blue Origin, she said in a tweet.

After a volatile session, the 30-share Sensex index settled 192.40 points, or 0.49 per cent, lower at 38,684.72. In a similar movement, the broader NSE Nifty slipped below the 11,600 mark.

The apex court quashing the February 12, 2018 RBI circular Tuesday has created widespread concerns on the future of stressed assets resolutions and the likely delays towards the same, apart from also reversing on the

In its first meeting in FY'20, the Monetary Policy Committee (MPC) of the Reserve Bank of India, headed by Governor Shaktikanta Das, Wednesday cut the key lending rate — repo rate — by 25 basis