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Alibaba has an active user base of around 500 million.

Alibaba eyes USD 12.9 bn Hong Kong IPO after setting price: reports

Asia's biggest company has called the listing a multi-billion-dollar vote of confidence in the city's markets.

20 Nov 2019 10:44 AM IST

Describing the situation as grim, the apex court also asked the Centre and Delhi government to inform them what they intend to do reduce the pollution. (Photo: File)

Finance Commission likely to reject USD 12 bn package to cut...

More than half of India's coal-fired power plant units ordered to retrofit equipment to curb air pollution are already...

20 Nov 2019 10:37 AM IST

According to forex experts, the rupee would continue to remain weak on global and domestic concerns.

Rupee slips 9 paise to 71.80 against USD in early trade

Positive opening in domestic equities and easing crude oil prices supported the domestic unit.

20 Nov 2019 10:31 AM IST

LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.

Sensex jumps 260 points in early trade; RIL hits lifetime high

After hitting a high of 40,736.14 in early trade, the 30-share index pared some gains to quote 177.67 points.

20 Nov 2019 10:19 AM IST

State banks reported 5,743 cases of fraud in the period, most of which had taken place over the last several years.

India's state-run banks report fraud of more than USD 13 bn in 6...

Bankers have blamed lax regulations and said some bank officials were working in league with fraudsters.

20 Nov 2019 9:20 AM IST

Telecom infrastructure firm American Tower Corporation (ATC) today announced that it has completed mobile tower purchase deal worth Rs 3,800 crore with Vodafone India through its Indian arm.

Telecom stocks soar on tariff hike news

Bharti Airtel gained 7.36 per cent, closing at Rs 439.25 while another Bharti Group company Bharti Infratel gained 10.32...

20 Nov 2019 3:50 AM IST

The RBI minutes from October policy review underscored the monetary policy committee members unanimous decision to keep rates lower.

Bank, RBI unions differ on deposit insurance

At present DICGC insures each bank depositor upto Rs 1 lakh for both principal and interest.

20 Nov 2019 3:47 AM IST

Under the programme, so far 9,87,446 patients have been screened and 93,117 patients have been enrolled for long-term management through Ayurveda interventions, lifestyle modifications and yoga, the ministry said in a release.

Ayurveda gets a leg-up, now part of disease management

The government has initiated a programme for long-term management of non-communicable diseases using Ayurveda.

20 Nov 2019 3:44 AM IST

Reliance Industries Limited (RIL) and ITC were the other frontline companies that suffered a drop in their market capitalisation (m-cap) for the week ended Friday.

RIL stock jumps 34 per cent this year

The scrip has climbed 34 per cent year-to-date, outperforming the Sensex, which grew 12 per cent during the period.

20 Nov 2019 3:41 AM IST

Onion prices crashed by Rs 321 to Rs 250 per quintal on Wednesday.

Onion to remain a tear-jerker, govt sees 26 per cent fall in output

Onion production in kharif and late-kharif seasons of 2019-20 is estimated to fall 26 per cent to 52.06 lakh tonne.

20 Nov 2019 3:39 AM IST

While corporate private banks earnings have been impacted by the one-time deferred tax asset (DTA) write-downs, the retail-focussed banks reported better profitability. In contrast, most public sector banks continued with the 35 per cent corporate tax regime, and therefore, no adjustments were requi-red in DTA.

Private banks stay in profit, PSBs return to losses

The GNPA of private banks grew from Rs 185,027 crore during Q2FY19 to Rs 191,191 crore in Q2FY20 i.e. by 3.3 per cent.

20 Nov 2019 3:36 AM IST

Muthoot Finance, which currently has 146 tonnes of gold pledged to them, has said auctioning off the pledged gold is the last resort.

Muthoot Finance acquires stake in IDBI MF

On November 8, the IDBI Bank said that its board had approved sale of its entire stake in IDBI Asset Management.

20 Nov 2019 3:32 AM IST