Mumbai, Mar 11:
Equity benchmark Sensex plummeted over 1,500 points in opening session on monday led by deepening rout in global markets amid volatility due to rapidly-spreading coronavirus and free falling oil prices.
Global oil benchmark Brent crude futures plunged nearly...
New Delhi, Mar 11 :
The rupee recovered 56 paise to settle at 73.61 (provisional) against the US dollar on Wednesday amid positive domestic equities and weakening of the American dollar in the overseas market. The rupee on March 9...
New Delhi, Mar 11 :
The fall in the equity market indices has pulled down the total assets under management (AUM) of mutual fund companies that come through systematic investment plans (SIPs).
The AUM of SIP fell to Rs 3.11 lakh...
New Delhi, Mar 11 :
Tata Steel Europe is planning to cut 1,250 jobs as it faces "challenging circumstances" and "needs to urgently improve profitability", chief executive officer Henrik Adam said in an internal memo.
"Our financial situation is serious and...
New Delhi, Mar 11 :
In the aftermath of Yes Bank crisis, Private sector lender RBL Bank on Wednesday said it is “well capitalised” and there is no adverse change in its asset quality.
The statement comes in the wake of...
New Delhi, Mar 11 :
A deal with some bondholders of Yes Bank who have opposed a state-led rescue is being discussed, the bank's administrator said on March 11, a move that could clear the way for a restructuring of...
New Delhi, Mar 05:
Regulator Sebi on March 5 proposed two mechanisms to make the e-voting process more secure, convenient and simple for shareholders. At present, multiple players provide e-voting facility to listed entities in the country and shareholders require...
New Delhi, Mar 05:
The rupee snapped its four-session losing run on Thursday to close 6 paise higher at 73.33 against the US dollar amid hopes that efforts by countries and global agencies would offset financial damage from the novel...
Chennai, Mar 05 :
Twitter announced that it was introducing a new feature in Brazil that would allow users to post ephemeral tweets that disappear in 24 hours. The popular ‘stories’ feature of Instagram is what Twitter was going for...
New Delhi, Mar 05:
With lenders approving a Rs 23,000 crore resolution plan for Reliance Communication, as much as Rs 5,500 crore will flow to Chinese banks, clearing about 55 per cent of their principal dues, including of those lenders...
