Business

Reliance and its partner BP Plc of the UK is in the market seeking bids from potential users for the 5 million standard cubic metres per day of natural gas they plan to produce from

The surge helped pare the annual loss in the Mumbai-based lender’s shares to 63%.

The increase in reserves in the reporting week ended November 1, was mainly on account of a jump in foreign currency assets (FCA) — a major component of the overall reserves.

Anil Ambani says that while he agreed to give a non-binding “personal comfort letter,” he never gave a guarantee tied to his personal assets -- an “extraordinary potential personal liability.”

Alibaba in August postponed plans to reap $10 billion to $15 billion by selling shares in Hong Kong after worsening clashes between demonstrators and the police shook a territory long prized for its stability and

This implies that not only tech companies, but also most multinationals, which have intangible assets as profit drivers, would be covered under the tax ambit.

Overall, the mutual fund sector witnessed an inflow of Rs 133,481 crore during October this year. The total AUM as on October 31, 2019, were Rs 26.32 lakh crore.

This is the seventh consecutive cut in lending rates by the bank this financial year. With this reduction, the one-year MCLR, to which most of its loan prices are linked, will come down to 8

The RBI used to levy minimum charges on banks for transactions routed through RTGS and NEFT system for other fund transfers. Banks, in turn, levied charges on their customers.

While Moody’s has maintained the country ratings and only lowered the outlook, it still poses risks of capital flight unless the government improves its fiscal health materially through aggressive stake sale in state-owned companies.

Rating outlook was cut to negative from stable for Infosys, TCS, State Bank of India and HDFC Bank, along with other financial institutions, corporates and sovereign-linked infrastructure companies.

The Rs 4,60,000-crore rise in the currency in the system in the past three years indicates that cash is still ruling the roost in the financial system despite the big push in digital transactions and

The Sensex had closed at fresh lifetime highs in three of the five sessions this week, while the Nifty had reclaimed the key 12,000-mark after five months.

On November 12, Goyal is scheduled to have a meeting with representatives of the medical devices manufacturing companies to discuss trade issues. He will also attend the 9th BRICS Trade Ministers Meet in Brasilia on

An Air India spokesperson said that there was “only a tail fire” which could be due to “engine blades damage and incomplete combustion in the engine” of the Airbus A321 aircraft.

The 600 cancelled flights were out of a total of 1362, and mainly departed from the Munich and Frankfurt hubs. Approximately 180,000 of Germany's flagship airline's passengers were affected.

He will take on the role early next year and will be based out of Mumbai working closely with the teams based in Gurugram, Hyderabad and Bengaluru, a statement said.

Stock markets have bounced back since 2018, with the MSCI All-Country World Index up 20%CK so far in 2019. And even with last year’s dip, billionaires’ wealth increased almost 35% -- or $2.2 trillion --

About the Indian automobile market, the company said that it has been affected by an approximate 20 per cent fall in motorcycle sales during the six month period ending September.

The central bank has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.

PVR Lanka at One Galle Face Mall is a nine-screen property with premium luxury format besides dedicated auditorium for young ones and family, the company said in a regulatory filing.

Top losers in the Sensex pack included Sun Pharma, Vedanta, ONGC, TCS, HUL, ITC, NTPC, Asian Paints and Infosys, shedding up to 4.23 per cent. On the other hand, Yes Bank, IndusInd Bank, ICICI Bank,

MRF reported 17.73 per cent decline in consolidated net profit at Rs 228.96 crore for the quarter ended September 30

"We no longer think that growth in India will be an uninterrupted move upwards," Suzuki President Toshihiro Suzuki cautioned. Maruti's sales, which were growing till January, has slipped every month over February-September 2019.

MSCI has added eight companies and deleted six from the MSCI India Domestic Index. Those deleted include Bharat Heavy Electricals Ltd (BHEL), Glenmark Pharmaceuticals, Indiabulls Housing Finance, L&T Finance Holdings, Vodafone-Idea Ltd and Yes Bank.