Finance Minister Nirmala Sitharaman yesterday met Prime Minister Modi for consultations on a booster dose for the economy. During the meeting, it was decided that the Government had to take steps to arrest the decline in fortunes of several...
TVS Group auto component maker Sundaram-Clayton Ltd (SCL) today said it will be shutting its Padi factory in Tamil Nadu for two days owing to slowdown in the automotive industry, joining two-wheeler major Hero MotoCorp which also announced closure...
New Delhi, August 3
Coffee Day Enterprises stock plunged over 48 per cent in four days to hit its fresh lower circuit limit as wary investors took to selling amid slew of negative news about the company.
In four days of heavy...
New Delhi, August 3
The Supreme Court today ordered status quo for two weeks on Jaypee Group’s plea against NCLAT order which allowed fresh bidding for debt-laden Jaypee Infratech.
A Bench of justices AM Khanwilkar and Dinesh Maheshwari ordered status quo after...
New Delhi, August 3
The government is likely to put on hold a plan to raise the minimum public shareholding in listed companies, a source with direct knowledge of the matter said, amid concerns it could force the issuance of billions...
Ludhiana/Gurugram, August 3
With apparel exports already on the decline, uncertainty over the continuation of Merchandise Exports from India Scheme (MEIS) is a double whammy for region-based exporters who are facing stiff competition from Bangladesh and Vietnam.
According to exporters, there is...
Mumbai, August 3
Lower provisions and higher interest income helped SBI return to the black during the first quarter ending June with a net profit of Rs 2,312 crore as against a net loss of Rs 4,876 crore a year...
Mumbai, August 3
Flag carrier Air India’s regional arm Alliance Air on Friday announced discounted fares starting as low as Rs 990 for flights across its network under a limited period sale offer.
The fares offered under the ‘Independence Day sale carnival’...
Mumbai: Reserve Bank governor Shaktikanta Das on Friday met the heads of public sector banks and reiterated his concerns over the "less-than-desired-level" of policy rate transmission by lenders.
Acknowledging the "discernible improvements in the banking sector," Das pointed out that there...
New Delhi: Richest Indian Mukesh Ambani has kept his annual salary from his flagship firm Reliance Industries capped at Rs 15 crore for the eleventh year on the trot.
Ambani has kept salary, perquisites, allowances and commission together at Rs 15...
