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Direct listing by Indian firms abroad by FY21 Q1

By Subhash NarayanNew Delhi, Feb 22 | In yet another move towards fuller capital account convertibility, the government proposes to throw open the doors...

DoT clears Bharti Infratel-Indus Tower merger deal: Sources

New Delhi, Feb 21 | The Department of Telecommunications on Friday approved the long-pending merger of Bharti Infratel with Indus Towers to help both...

Trai recommends new M&A norms for faster merger approvals

New Delhi, Feb 21 | Trai on Friday recommended that while both subscriber base and revenue are considered in determining marketshare for mobile and...

DoT nod to Indus Tower-Infratel merger to help telcos raise cash

New Delhi, Feb 21 | The government has approved the long-pending merger of Bharti Infratel with Indus Towers. Official sources said the Department of...

Returns on equity of BSE500 companies at 16-year low: Report

Mumbai, Feb 21 | Return on equity (RoE), a key strategic metric used to evaluate the capital allocation efficiency of a company, is at...

DoT launches ‘5G Hackathon’ with Rs 2.5 cr prize money

New Delhi, Feb 21 | In its endeavour to identify and promote applications relevant to India in the 5G realm, the Department of Telecommunications...

Flipkart urges Karnataka High Court to quash CCI probe

New Delhi, Feb 21 | Days after the Karnataka High Court ordered a stay on the anti-trust probe on e-commerce majors Amazon and Flipkart,...

Fiscal deficit as GDP percentage touched 4.56% in Dec: FinMin data

New Delhi, Feb 21 | Fiscal deficit as a percentage of GDP touched 4.56 per cent as of December 2019 with total receipts pegged...

RIL move on media assets to create cleaner structure

Mumbai, Feb 21 | The move by Reliance Industries Limited (RIL) to aggregate the media assets in Network 18 will create a cleaner structure...

Muthoot Finance raises $550mn from International Bond Market

New Delhi, Feb 21 | Muthoot Finance Ltd on Friday said it has raised $550 million from International Bond Markets for a 3.5-year tenor...

General Motors launches new electric vehicle in China

Chicago, Feb 21 | General Motors (GM) on Thursday launched the Chevrolet Menlo sedan in China, the brand's first fully electric vehicle in the...

GMR Infra to sell 49% in airports arm to Groupe ADP

New Delhi, Feb 20 | GMR Infrastructure Ltd (GIL) has entered into a strategic partnership with France's Groupe ADP to sell 49 per cent...

Govt gets Rs 15,700 cr AGR, to send notice for remainder

New Delhi, Feb 20 | The government has received Rs 15,697 crore in AGR dues as on Thursday with the latest payment of Rs...

Govt releases Rs 19,950 crore GST compensation to states

New Delhi, Feb 20 | The Central government released Rs 19,950 crore as GST compensation cess to the states/UTs on last Monday, officials said.With...

Inter-ministerial panel on LIC listing shortly

New Delhi, Feb 20 | The government will set up an inter-ministerial group (IMG) with Secretaries from the Corporate Affairs, and Law Ministries as...

US stocks open lower after Fed releases latest data

New York, Feb 20 | US stocks opened lower on Thursday as Wall Street digested the latest information that the Federal Reserve released. ...

Hindujas, Cerberus may pick up stakes in Yes Bank

Mumbai, Feb 20 | Cash-starved private lender Yes Bank may be rescued by the Hinduja Group as reports say that Gopichand Hinduja and Ashok...

COVID-19 likely to hit demand, revenues of airlines: IATA

New Delhi, Feb 20 | Coronavirus (COVID-19) is expected to cause a 13 per cent full-year loss of passenger demand for carriers in the...

AGR: Govt may seek balance between SC order, telcos’ health

New Delhi, Feb 20 | With the telecom sector reeling under severe financial stress and Vodafone Idea staring at bankruptcy in case it is...

DoT to issue notice to TTSL on remaining AGR dues next...

New Delhi, Feb 20 | The Department of Telecommunications will issue notice to Tata Teleservices next week on its self-assessment figure of Rs 2,197...

Three rating agencies downgrade Voda Idea in 2 days

Mumbai, Feb 20 | Telecom major Vodafone Idea's survival is under serious doubt as the company's ratings have been downgraded by three major rating...

Flipkart rejigs top team, Menon to head new business initiative

New Delhi, Feb 20 | E-commerce player Flipkart has realigned its senior management team for the upcoming new business opportunities and Adarsh Menon, Senior...

AGR an unprecedented crisis, sought cut in taxes for industry: Mittal

New Delhi, Feb 20 | Bharti Airtel chairman Sunil Mittal on Thursday met Telecom Minister Ravi Shankar Prasad in the wake of the current...

CRISIL downgrades Vodafone Idea’s Rs 3,500 cr NCD

New Delhi, Feb 20 | Rating agency CRISIL has downgraded Vodafone Idea's Rs 3,500 crore debt paper in view of lower likelihood of...

JSW Steel to pay Rs 19,700 cr by Mar 15 to...

New Delhi, Feb 20 | JSW Steel is all set to wrap up one of the long-drawn and high-profile insolvency resolution cases, as it...

Bhushan Power Acquisition: JSW Steel to pay Rs 19,700 cr

New Delhi, Feb 20 | JSW Steel is all set to wrap up one of the long-drawn and high profile insolvency resolution cases, as...

SBI Card’s Rs 9,000 crore IPO opens on March 2

New Delhi, Feb 20 | SBI Cards, the cards and payment services from the State Bank of India, will launch its initial public offering...

Crisil, India Rating, Brickwork downgrade Vodafone Idea

Mumbai, Feb 20 | Telecom major Vodafone Idea's survival has in serious doubt as the company's ratings have been downgraded by three rating agencies...

Vodafone Idea condition extremely precarious: Citi

New delhi, Feb 20 | Vodafone Idea's situation remains extremely precarious given its net debt/EBITDA of 20 times, analyst firm Citi has said in...

Madhabi Puri, 3 secretaries in race for SEBI chairman

New delhi, Feb 20 | The race for SEBI chairman has picked momentum with the current whole-time member of the market regulator Madhabi Puri...

Kashi Mahakal Express to start commercial run from today

New Delhi, Feb 20 | The Indian Railway Catering and Tourism Corporation (IRCTC)- operated third train between Varanasi and Indore, the Kashi Mahakal Express,...

US trade deficit with India sign of strength, Trump doesn’t understand...

New York, Feb 20 | US President Donald Trump's worry about trade deficits with countries like India "does not make much sense" and he...

IMF chief urges G20 nations to take actions on trade, climate

Washington, Feb 20 | International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Wednesday urged the Group of 20 (G20) economies to take further...

Oil prices rise on hopes for deeper output cuts

New York, Feb 20 | Oil prices settled higher on Wednesday as investors' concerns for oversupply eased.The West Texas Intermediate for March delivery increased...

US stocks rise amid Fed minutes, data

New York, Feb 20 | US stocks ended higher on Wednesday as market participants digested the Federal Reserve's January meeting minutes and the latest...

Mizoram CM presents tax-free Rs 10,715 crore budget

Aizawl, Feb 19 | Mizoram Chief Minister Zoramthanga on Wednesday presented a tax-free budget with an outlay of Rs 10,715 crore for 2020-21.In the...

IRSDC launches 4 new facilities at Anand Vihar station

New Delhi, Feb 19 | The Railways on Wednesday inaugurated four new passenger amenities at Anand Vihar Terminal Railway Station, including 'Dava Dost', a...

ONGC not affected from economic slowdown, coronavirus: CMD

Agartala, Feb 19 | Despite economic slowdown and affect in the industrial growth due to the coronavirus outbreak in China and other countries, the...

‘Banks face deterioration in corporate debt repayment capacity’

New Delhi, Feb 19 | India's banking sector has been marked as one of the most exposed to deterioration in corporate debt repayment capacity,...

US stocks open higher amid data

New York, Feb 19 | US stocks opened higher on Wednesday as market participants digested a slew of latest economic data. Shortly...

Telco’s AGR crisis: Government mulls setting up telecom fund

New Delhi, Feb 19 | With the telecom sector reeling under severe financial stress and Vodafone Idea staring at bankruptcy in case it is...

A larger crude oil supply deal likely during Trump visit

New Delhi, Feb 19 | India and the US may seal a larger crude oil supply deal during the visit of President Donald Trump...

Cabinet nod for making crop insurance voluntary for farmers

New Delhi, Feb 19 | The Union cabinet on Wednesday decided to make the Pradhan Mantri Fasal Bima Yojana (PMFBY) voluntary for farmers, Agriculture...

Vodafone Idea stocks zoom, BSE seeks clarification (Lead)

Mumbai, Feb 19 | Vodafone Idea (VIL) saw a sharp surge in its stock price on the BSE over reports that the government is...

Vodafone Idea pulls a surprise, stocks zoom 35% on the BSE

Mumbai, Feb 19 | Vodafone Idea on Wednesday saw a sharp surge in its stock price over reports that the government is unlikely to...

RBI nod for Kotak Mahindra Bank promoter stake dilution

New Delhi, Feb 19 | Kotak Mahindra Bank on Wednesday said it has got the final nod from RBI on the promoters' stake dilution...

Markets open on a positive note Wednesday morning

Mumbai, Feb 19 | The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note.The Sensex of the BSE opened at 41,121.51 points...

Taxing retirement income of employees a retrograde step

New Delhi, Feb 19 | The Union Budget for 2020 contains direct tax proposals in the Finance Bill to tax the retirement fund of...

With or without trade deal, Trump-Modi success hinges on precise messaging:...

New York, Feb 19 | The visual spectacle of Donald Trump and Narendra Modi sharing the stage in India later this month is a...

Dollar ticks up on rising risk aversion

New York, Feb 19 | The US dollar was up in late trading on Tuesday due to rising risk aversion in the market.The ZEW...

Business

Direct listing by Indian firms abroad by FY21 Q1

By Subhash NarayanNew Delhi, Feb 22 | In yet another move towards fuller capital account convertibility, the government proposes to throw open the doors...