Business Blogs News - Page 9

Carlos Ghosn took bullet train to Osaka enroute to Lebanon; Japan to press for his extradition: Report

Japanese officials broke days of silence about the Ghosn case on Sunday, saying they would tighten immigration measures and investigate his escape thoroughly

Glenmark Pharmaceuticals gets USFDA's final nod for Deferasirox tablets; company shares trade higher

The tablet is used to treat high levels of iron in the body caused by multiple blood transfusions

Govt to cut spending by Rs 2 tn this fiscal amid biggest tax shortfall in recent years; likely to hit growth: Report

Lack of demand and weak corporate earnings growth in the economy led to lagging tax collections this year

Gold prices slip from near-7-year high amid de-escalation of tensions in West Asia; investors book profit

Gold, considered a safe asset in times of political and economic uncertainty, had jumped in the last two sessions on concerns of a wider conflict after a US airstrike killed Iran’s top military commander Qassem Soleimani last week

PMC Bank impact: RBI revises norms for urban cooperative banks; to place them under supervision if net NPAs exceed 6%

Following the exposure of scam in the PMC Bank, which has over 9.15 lakh depositors, the RBI imposed restrictions on withdrawals.

Sensex rebounds 467 points to 41,117 in opening session, Nifty regains 12,000-mark; HDFC rallies up to 2.16%, IndusInd Bank among top gainers

The BSE Sensex rebounded nearly 500 points in the opening session on Tuesday as global investors calmed on no further escalation in the mid-east tensions.

JNU professor CP Chandrasekhar withdraws from Standing Committee on Statistics citing situation in university

The committee was constituted last month to improve the quality of data amid criticism of the government over political interferences and is scheduled to meet on 7 January, 2020

Large taxpayers yet to take benefits of Sabka Vishwas amnesty scheme; deadline not to be extended beyond 15 January

As many as 87.5 percent of the eligible taxpayers have taken advantage of Sabka Vishwas, a dispute resolution-cum-amnesty scheme

Air India divestment: Amit Shah-led GoM's second meeting on national carrier sale likely today

Apart from Amit Shah, it was also attended by Finance Minister Nirmala Sitharaman, Commerce and Railway Minister Piyush Goyal and Civil Aviation Minister Hardeep Singh Puri

Asia stocks attempt a rally as Iran anxiety ebbs; Wall Street erases early losses to end in black as tech stocks climb

Asian shares had fallen sharply on Monday as Iran and the United States traded threats after a US airstrike killed a top Iranian commander.

Flipkart launches Visa Safe Click payment solution; no need for OTP for transaction upto Rs 2,000 on e-commerce platform

VSC completely replaces OTP with a background authentication, removing the need for any additional customer action

Sensex crashes over 800 points in afternoon session, Nifty below 12,000-mark on increasing tensions between US, Iran

Sensex was trading 376.66 points or 0.91 percent lower at 41,087.95 while the broader NSE Nifty cracked 109.60 points or 0.90 percent to 12,117.05

Gold futures soar Rs 857 Rs 40,969 per 10 gm as speculators move towards safe haven on rising tensions in Middle East

Globally, gold prices rose 1.67 percent to $1,578.40 per ounce in New York

Tata-Mistry case: NCLAT dismisses RoC plea on modification of judgement; says 18 December verdict casts no aspersions against it

NCLAT, on 18 December, had directed to reinstate Cyrus Mistry as the executive chairman of the $110-billion Tata group

Vijay Mallya cannot use pendency of plea to stall insolvency proceedings against him in other jurisdictions: SC

Vijay Mallya, who is currently in the UK, has been charged by the Enforcement Directorate (ED) with defaulting on bank loans to the tune of Rs 9,000 crore.

Gold hits near 7-year high as investors scurry for safety of yellow metal on heightened Middle East tensions; oil jumps to 4-month peak

Spot gold surged 1.5 percent to $1,579.55 per ounce in jittery trade and reached its highest since April 2013

Vedanta to raise up to Rs 2,000 cr through NCDs; to hold meeting on 8 January

Vedanta is the Indian subsidiary of Vedanta Resources Plc, a London-listed company

Investments in Indian tech startups grew 18% in 2019; Delhi-NCR, Bengaluru account for lion's share of funds: Report

Globally, the total funding for technology startups is estimated to have dipped by 22 percent to $293 billion from $375 billion in 2018, with a 27 percent drop in deals

Oil prices shoot over 2% after President Donald Trump threatens Iraq sanctions, Iran retaliation

Oil prices shot more than 2 percent higher on Monday, with Brent rising above $70 a barrel, after US President Donald Trump issued a threat to impose sanctions on Iraq amid escalating tensions with Iran in the Middle East.

My family, although a minority partner, has been a guardian of Tata Group for over five decades: Cyrus Mistry

The statement comes just days after Tata Sons and Ratan Tata moved the Supreme Court challenging the National Company Law Appellate Tribunal's December verdict which ordered the reinstatement of Mistry as the Chairman of Tata Sons

Suspend basmati rice exports to Iran till situation improves: Trade body advisory to members

During the last fiscal, India exported basmati rice worth Rs 32,800 crore, of which nearly Rs 10,800 crore worth rice was shipped to Iran

Boeing, FAA reviewing wiring issue on grounded 737 MAX; to ensure all safety-related issues are addressed

Boeing will halt production of the 737 MAX this month following the grounding in March of its best-selling plane after two fatal crashes in five months killed 346 people

Fed grappling with methods to fight next recession; hunts for new model in low-interest rate world

At a three-day conference in San Diego on an array of economic topics, one stood out: The textbook view of central banking, where low unemployment produces unwanted inflation that monetary policymakers can counter with interest-rate hikes, is at least badly hobbled if not fully broken

Cyrus Mistry says not interested in getting back to Tata Group in any capacity; to pursue options to protect rights as minority shareholder

Cyrus Mistry, the ousted Tata Sons chairman, said he has taken the decision in the overall interest of the Tata group, whose interests are far more important than those of any individual

Amid promoters' spat, IndiGo parent InterGlobe Aviation to hold shareholders' meet on 29 January

InterGlobe Aviation on Friday said a meeting of shareholders will be convened on January 29 to seek approval for certain changes in the company's articles of association

Now, Ratan Tata, two Tata firms move SC challenging NCLAT verdict; chairman emeritus says Cyrus Mistry brought disrepute to Group

The NCLAT judgment of 18 December has pulled down governance and the corporate structure of Tata Sons which was painstakingly put together by its founders, said Ratan Tata.

Air India will run till privatisation, says Civil Aviation Minister Hardeep Singh Puri; requests Unions to cooperate

Air India will run till its privatisation, said Puri, and requested all the Unions to cooperate towards the process.

Brent crude jumps nearly $3 after US airstrike kills Iranian, Iraqi military personnel; raises concerns of disruption in oil supplies

Brent, the international benchmark, LCOc1 hit an intraday high of $69.16 a barrel, its highest since 17 September, before easing to $68.21, up $1.96, or 3 percent, by 0618 GMT

Tata-Mistry case: NCLAT reserves order on RoC plea; likely to pronounce order on 6 January

NCLAT, on 18 December, directed the $110-billion Tata group to reinstate Cyrus Mistry as the executive chairman of Tata Sons

Oil prices soar over 4% on reports of US killing top Iranian general; fuels fears of conflict in crude-rich region

Oil prices surged on news of Soleimani’s death, with global benchmark Brent crude shooting 3.02 percent higher to $68.25 per barrel and US West Texas Intermediate crude jumping 2.75 percent to $62.86 per barrel