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Reliance Infrastructures (Rinfra) subsidiary DAMEPL on Friday moved the Delhi High Court seeking attachment of DMRCs bank accounts for not depositing 75 per cent of the over Rs 5,164 crore arbitral award, including interest, within the time given by the court.

Reliance Infrastructure wins Rs 1,250 cr arbitration award against DVC

The proceeds will be used to pay lenders and reduce the debt of the company, Reliance Infrastructure said in a filing to...

23 Dec 2019 11:27 AM IST

IndusInd Bank was the top gainer in the Sensex pack, rising 2.68 per cent. ICICI Bank gained 2.68 per cent at close. Yes Bank, Tata Steel, SBI, TCS, L&T and Infosys also advanced. (Photo: File)

Sensex turns volatile after constituent rejig; Nifty holds 12,200

The 30-share BSE Sensex was trading 60.68 points or 0.15 per cent lower at 41,620.86 in early session.

23 Dec 2019 10:14 AM IST

And in the period ending June 30 - the first quarter of the current financial year - write-offs amounted to 445.77 billion rupees (USD 6.31 billion), the data showed.

Rupee slips 5 paise to 71.17 against USD in early trade

At the interbank foreign exchange, the rupee opened at 71.15 then fell to 71.17 against the US dollar.

23 Dec 2019 10:06 AM IST

Thanks to the GST rate cut, consumer durables, which have been witnessing a slower growth for the past six quarters, are expected to return to double-digit growth with the sentiments improving during the festival season.

Consumer durables report steady growth in 2019; slowdown a threat in...

The consumer durables sector, estimated to be around Rs 76,400 crore in FY'19, logged a growth rate of about 10 per...

23 Dec 2019 9:34 AM IST

The piled-up auto inventory currently stands at 5 lakh passenger vehicles valued at USD 5 billion and 3million two-wheelers valued at USD 2.5 billion.

Companies turning to Agile sales & marketing models to accelerate...

Recent reports also reveal that over 12.76 lakh houses are lying unsold in top 30 Indian cities.

21 Dec 2019 2:42 PM IST

A variety of factors that include a changing lifestyle, unhealthy food habits and increasing stress levels are contributing to an unprecedented increase in critical illnesses.

Critical Illness Insurance: For the needs you cannot anticipate

A critical illness is something that not only attacks your health but also your wealth.

21 Dec 2019 1:58 PM IST

Fitch estimates that the banking sector will require around USD 90 billion in new total capital by 2018-19 fiscal to meet Basel-III standards and ongoing business needs.

Fitch cuts India GDP growth forecast to 4.6 pc in FY20

Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a strong medium-term growth...

20 Dec 2019 5:04 PM IST

Top gainers in the Sensex pack included ICICI Bank, Infosys, HDFC, IndusInd Bank, Tata Motors, Kotak Bank, Axis Bank, L&T, Yes Bank and HUL, spurting up to 2.64 per cent. (Photo: File | PTI)

Sensex, Nifty inch up to record highs; Tata Steel spurts 3 pc

Settling at a record high for the fourth consecutive session, 30-share BSE Sensex closed 7.62 points higher at...

20 Dec 2019 4:48 PM IST

During the quarter, the company sold a total of 1,10,824 vehicles as against 1,41,163 units in the corresponding period last fiscal, down 21 per cent.

Mahindra announces succession plan, Anand Mahindra to become non-exec...

Anish Shah will transition to become Managing Director and CEO on April 2, 2021, replacing Goenka, who will retire after...

20 Dec 2019 3:28 PM IST

PE/VC funding in the first eight months has surpassed the previous record high yearly investment of 2018 and is expected to touch $50 billion this year.

Investments via P-notes decline to Rs 69,670 cr at Nov-end

The total value of investments via P-notes in the Indian markets declined by Rs 7,103 crore to Rs 69,670 at Nov-end.

20 Dec 2019 1:18 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Crude oil futures slip on domestic cues

Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders.

20 Dec 2019 12:56 PM IST

Chief Justice of India T S Thakur. (Photo: PTI)

Fraud-hit CG Power appoints former CJI T S Thakur as head of...

The forensic investigation will be greatly benefited from the oversight, guidance and opinion of Justice Thakur, the...

20 Dec 2019 11:18 AM IST