Business

Anil Ambani's RCom Goes For Insolvency Proceedings To Repay Debt

Friday, 01 February 2019 18:15
Reliance Communications (RCom) on Friday said it will seek fast track resolution through National Company Law Tribunal, the court that deals with bankruptcy cases, to resolve its debt position. The company said lenders had not received any proceeds from its…

DHFL stocks continue to bleed, plunges 20%

Thursday, 31 January 2019 14:08
Mumbai: Stocks of Dewan Housing Finance Corp (DHFL) plunged further on Thursday as its share prices fell 20 per cent after reports emerged that the Ministry of Corporate Affairs (MCA) may probe allegation of a Rs 31,000 crore scam. Stock…

90% car purchase in India is digitally driven: Report

Tuesday, 29 January 2019 16:59
Tracking people’s car research and purchase journey in the country, the “Drive to Decide 2018” report claimed that 90 per cent search, 80 per cent videos and 56 per cent dealer-websites were the key digital touch-points that played a crucial…

Chinese yuan trades at 6.7356 per dollar

Tuesday, 29 January 2019 12:09
In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day, Xinhua news agency reported. The central parity rate of the yuan against the US dollar…

Canara Bank net profit rises 152% in Q3

Tuesday, 29 January 2019 10:48
In a regulatory filing on the BSE, the city-based bank said interest earned for the quarter (Q3) under review grew 13 per cent year-on-year (YoY) to Rs 12,189 crore from Rs 10,775 crore in the like period a year ago.…

RBI Governor takes stock of banking sector

Monday, 28 January 2019 15:47
Das said the DFS held a periodic review meeting with the banks and he attended it to get their understanding of the current situation of the banks in general and public sector banks (PSB)in particular. “DFS has a periodic meetings……

Tata Steel subsidiary signs pacts with HBIS Group

Monday, 28 January 2019 15:46
“TSGH has executed definitive agreements with HBIS Group Co Ltd controlled entity to divest its entire equity stake in NatSteel Holdings Pte Ltd (‘NSH’) and Tata Steel (Thailand) Public Company Ltd. (‘TSTH’),” the steel maker said in a regulatory filing.…

UK firms plan mass exodus over no-deal Brexit

Monday, 28 January 2019 10:36
The British Chambers of Commerce said on Saturday that it believed the companies that had already gone ahead with their plans represented the “tip of the iceberg” and that many of its 75,000 members were already spending vital funds to…

Train 18 named Vande Bharat Express: Goyal

Monday, 28 January 2019 10:33
Speaking to reporters on the sidelines of an event here, Goyal said, “We wanted it (Train 18) to have a special identity that is connected to India and is venerated by 125 crore Indians. We crowdsourced the name suggestions, and…

Tourism-savvy Goa should have flying buses: Gadkari

Monday, 28 January 2019 10:30
Gadkari, who inaugurated a third bridge across the Mandovi river named “Atal Setu” on Sunday, also said that he was exasperated that his efforts to introduce water transport systems in Goa were not panning out, despite the immense potential to…