Business Blogs News - Page 24

With 'uncertainty' about Lakshmi Vilas Bank deal over now, it is business as usual with more agility, says Indiabulls MD Banga

Entering the banking space would have given IBHFL access to cheap deposits and saved it from regular crises like being faced by the shadow banks now

MTNL, BSNL employees threaten to go on nationwide strike; dues not paid for two months

Employees have been protesting outside the office of MTNL as their salaries haven't been paid for two months—August and September

Mahindra shows significant growth in passenger vehicle, pickup market in South Africa despite overall downturn

Mahindra has grown by 33.4 percent to reach 5,584 sales up to end of September

IRCTC IPO oversubscribed 112 times; have you applied to this PSU? Here's how you can check your allotment status

IRCTC initial public offering (IPO) is in a price range of Rs 315-320 per share

Lakshmi Vilas Bank-Indiabulls Housing Finance proposed merger gets a clear No from Mint Road

The application for the merger of Lakshmi Vilas Bank and India Bulls Housing Finance was made in May after both the parties agreed to the merger in April.

Rupee rises 20 paise to 70.87 against dollar in early trade after easing of crude prices, bullishness about US-China trade talks

At the interbank foreign exchange the rupee opened at 70.96, then gained further ground and touched a high of 70.87, registering a rise of 20 paise over its previous close

Inflation surged to a 12-month high in September, but won't 'bring tears' to Reserve Bank of India, says poll

The 4-9 October poll of over 40 economists predicted India’s annual consumer inflation rose to 3.7% in September, its highest in a year

Market opens in the red: Sensex drops over 150 points, Nifty slips below 11,300-mark; Bank stocks, Tata Motors among major losers in early trade

Sensex dropped over 150 points on Thursday tracking losses in banking stocks amid unabated foreign fund outflow.

Anil Ambani inducts sons Anmol, Anshul on Reliance Infra board as directors; retd Lt Gen Syed Alta Hasnain too joins board

A company spokesman attributed the induction of the junior Ambanis to respect the wishes of the shareholders who during the recent AGM asked the management to get fresh blood into the company by bringing them on board.

Govt extends Aadhaar seeding date for PM-Kisan plan till 30 Nov; move to help farmers buy crop inputs for Rabi season

Under PM-Kisan scheme, the government is providing annually Rs 6,000 in three equal installments to 14 crore farmers

RBI monetary policies have become a joke to individual borrowers and small businessmen; here's why

Despite the 135 basis points cut in repo rate, at which the Reserve Bank of India (RBI) lends short-term funds to banks, banks have lowered only 30-40 bps to their borrowers

Global economy in 'synchronised slowdown' says new IMF chief; effects more pronounced in India, Brazil

Around 90% of the world would be faced with an economic slowdown, said International Monetary Fund's (IMF) new managing director Kristalina Georgieva

Rupee slips 20 paise to 71.22 against dollar in early trade on subdued opening in domestic equities

At the interbank foreign exchange, the rupee opened on a strong note at 71.20 then lost momentum and fell to 71.22 against the US dollar, showing a decline of 20 paise over its previous closing

Sensex, Nifty cautious in early trade amid weak global cues, fund outflows; Yes Bank, Tata Steel, Infosys among top losers

Sensex was trading 36.04 points or 0.10% higher at 37,568.02 in the early trade; while the broader Nifty was almost flat with positive bias at 11,127.40

Renault to start search for new CEO after Carlos Ghosn scandal; Nissan announces China unit head Makoto Uchida as CEO

The succession proposal for Renault's current Chief Executive Thierry Bollore could be on the agenda of the next board meeting on 18 October

Domestic industry for continuation of anti-dumping duty on certain steel items from 3 countries; Govt starts probe

The Directorate General of Trade Remedies is an arm of the commerce ministry which carries out investigations in case of dumping of goods, a significant increase in imports of a product and increase in imports of subsidised items

BS-VI fuel to be available in country from 1 April next year; initiative to reduce vehicular pollution by 80-90%: Javadekar

The government has prepared a national clean air programme for 122 cities of the country under which schemes for reducing pollution will be made

More than half of world’s income went to top 10% of population; India has highest income inequality among major global economies

The income gap between the rich and poor is further widening showing that the rich in India are getting richer at a much faster pace while the poor are struggling to maintain their standard of living.

Flipkart, Amazon could generate up to $6 billion or Rs 39,000 crore in sales this festive season: Redseer

E-commerce companies are estimated to have registered sales of close to $3 billion or Rs 19,000 crore, up 30 percent from last year

India slips 10 places to 68th on global competitiveness index; Singapore replaces US to emerge on top

India, which was ranked 58th in the annual Global Competitiveness Index compiled by Geneva-based World Economic Forum, is among the worst-performing BRICS nations along with Brazil

Only two Indian-origin persons feature in Fortune's most influential 'Under 40' business list

Intel's Vice President of artificial intelligence software and the AI lab Arjun Bansal and fashion platform Zilingo CEO and co-founder Ankiti Bose make it to Fortune's 2019 list

Tata Motors has not produced a single Nano in first 9 months of 2019; sold just one unit in February

Ex-Tata Sons chairman Cyrus Mistry, who was abruptly removed from the post, even went on to claim that the Nano "consistently lost value, peaking at Rs 1,000 crore"

Auto sector crisis deepens: Maruti Suzuki cuts production for 8th straight month in September by over 17%

Maruti Suzuki India produced a total of 1,32,199 units in September as against 1,60,219 units in the year-ago month

Hotel operators who partnered with Oyo call it 'biggest online fraud', demand criminal probe against Softbank-backed startup now poised to raise $1.5 bn

Founded in 2013, Oyo started by aggregating bookings for India’s budget hotels, promising a standard of service in a market where that was more often the exception

PMC crisis shows depositors are sitting ducks if their bank goes bust; why shouldn’t savers get cover for full amount?

The deposit insurance guarantee scheme was set up in 1961 to ensure depositors are guaranteed at least some amount in the event of a bank collapse

CG Power's ousted chairman Gautam Thapar making efforts to wrest back control; approaches SEBI, Ministry of Corporate Affairs

Gautam Thapar was sacked as chairman with immediate effect on on 19 August after an investigation unearthed a multi-crore financial scam in the firm

BSE, NSE, commodity markets, forex closed today for Dussehra; China joins Asian shares in cautious advance ahead of trade talks

On Monday (7 October), the stock market benchmark Sensex on the BSE declined by 141 points after a volatile session

State Bank of India launches debit card EMI facility for account holders; instalments to begin a month after completing transaction

State bank of India launched ‘Debit Card EMI facility’ for its existing customers, whereby they can opt for an EMI tenure of minimum six months to 18 months on Monday.

China services sector growth falls to seven-month low; operating expenses continue to rise: Caixin PMI

The Caixin/Markit services purchasing managers’ index (PMI) fell to 51.3 last month, the weakest since February, versus August’s 52.1

Govt sets up high-level 19-member inter-ministerial committee to prevent money laundering activities

The government has set up the IMCC using its powers conferred under the Prevention of Money Laundering Act, 2002.