Business
Jet Airways' Lenders Approve Interim Finance Plan of $10 Million for the Carrier
The committee of creditors (CoC), via an electronic voting process, also agreed to appoint SBI Caps to help with the whole resolution process.
Reliance Industries Q1 Net Rises 6.8%; Consumer Businesses Contribute a Third of Pre-tax Profits
Net profit in April-June stood at Rs 10,104 crore while consolidated revenue rose to a record Rs 1,72,956 crore.
RIL, Yes Bank, Jet Airways, ACC, Sterlite Stocks in Focus Today as Sensex Falls by 190 Points
The S&P BSE Sensex was trading lower by 190.73 points, or 0.5%, at 38,706.73, while the Nifty 50 index was down 70.10 points, or 0.6%, to 11,526.80. Reliance Industries Ltd (RIL), Yes Bank, Jet Airways and ACC were among the key stocks in focus today.
Sensex Drops Over 200 Points, Nifty Down at 11,550: Yes Bank, M&M, Bajaj Finance Among Losers
The Indian rupee appreciated 18 paise (intra-day) to 68.78 against the US dollar. Tata Steel, TCS, Vedanta, HUCL, PowerGrid, HCL Tech, HDFC Bank and Infosys gained up to 0.60 per cent.
Rupee Slips 9 Paise to 68.80 Vs USD in Early Trade Amid Rising Crude Oil Prices
At the Interbank Foreign Exchange, the rupee opened at 68.69 then fell to 68.80 against the US dollar, showing a decline of 9 paise over its previous closing.
Yes Bank Rallies for 2nd Day Ahead of Q1 Results; Here's What Brokerages Expect
Brokerage houses are not very positive and expect Yes Bank to see a sharp decline in Q1 net profit on muted loan growth and weak asset quality.
Mindtree Shareholders Approve Special Dividend of Rs 20/Share
The special dividend, which is expected to have an outgo of about Rs 328 crore from the books, was proposed by the previous promoters of Mindtree to celebrate the twin achievements of exceeding USD 1 billion annual revenue milestone and 20th anniversary o...
Need to Tap Foreign Capital to Accelerate Growth to 8%, Says Chief Economic Advisor
Indian economy reached to the level of USD 1 trillion in 55 years and added USD 1 million in the past 5 years to USD 2.75 trillion by March 2019, Chief Economic Advisor K V Subramanian said.
JetLite Employees Seek Dues; Plans to Move NCLT
Cash-starved Jet Airways, which shuttered operations on April 17, is undergoing insolvency proceedings after a SBI-led consortium of lenders moved the NCLT to recover their dues.
DMart Operator Shares Jump 6.5% After Q1 Results; Here’s What Brokerages Suggest
Global brokerage houses were mixed on the DMart stock after its Q1 earnings. Credit Suisse upgraded its rating on Avenue Supermarts to ‘neutral’ from ‘underperform’, while raised its stock price target to Rs 1,330 from Rs 1,175.
Govt Committed to Disinvestment of Air India But Wants National Carrier to Remain in Indian Hands
Civil Aviation Minister Hardeep Singh Puri also said though Air India is doing 'extremely well', the debt burden on the carrier is 'unsustainable'.
'Nothing Has Changed': IndiGo CEO Reassures Staff After Spat Between Promoters Reaches SEBI, Hits Shares
Ronjoy Dutta said the airline's mission, direction and growth strategy remains unchanged, and firmly in place.
Cost of Rs 2000 Note Falls by 65 Paise Per Piece in 2018-19 Period
The selling price of Rs 2000 note was Rs 3.53 apiece in 2018-19. It declined 65 paise from Rs 4.18 apiece in 2017-18.
Sugar Output to Fall by 18% as Lower Monsoon Rains Limiting Crop Growth
India's sugar production during the 2019-20 marketing year starting from October 1 could fall to 27 million tonnes from 33 million tonnes in 2018-19.
Deutsche Bank CEO Pledges to Buy Bank's Sliding Shares in Wake of Restructuring
CEO Christian Sewing announced the commitment to analysts when explaining the lender's restructuring. Shares were down about 5% as he spoke and hit a record low last month.
National Sports Education Board the Only New Aspect of Sports Budget
The Sports and Youth Affairs Ministry had got a substantial raise of Rs 214.2 crore in the interim budget presented in February. The allocation to the Sports Authority of India has increased by Rs 55 crore to Rs 450 crore.
