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With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Business

Bharti Airtel to acquire 26 per cent stake in AMPSolar for Rs 8.4...

Airtel will subscribe to 84,000 equity shares, equivalent to 26 per cent stake in the company.

19 Oct 2019 4:34 PM IST

Forex reserves may hit the USD 400-billion mark by the week to September 8, 2017, says a report. Photo: PTI

Business

Forex kitty nears USD 440 billion; touches fresh-life high

The country's reserve position with the Fund also increased by USD 7 million to USD 3.623 billion, the data showed.

19 Oct 2019 1:12 PM IST

Business

Indian Banks Association elects Rajnish Kumar as chairman

The government and regulators, said it has three top bankers from various lenders as its deputy chairmen.

19 Oct 2019 1:08 PM IST

Thomas Cook India Group. (Photo: Twitter)

Business

Thomas Cook India takes wait and watch strategy on brand use

Thomas Cook UK had ceased to be the promoter of TCIL after it transferred its entire stake in 2012 to Fairfax.

19 Oct 2019 12:58 PM IST

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.

Business

Former tax dept head K V Chowdary joins Reliance board

Chowdary was in August 2014 appointed as chairman of the CBDT, the top policy making body of the income tax department.

19 Oct 2019 11:46 AM IST

Johnson & Johnson called the verdict the result of an unfair process that allowed the women to sue the company in Missouri despite most of them not living in the state and said it would appeal. (Photo: AFP)

Business

J&J recalls 33,000 bottles of baby powder as FDA finds asbestos in...

J&J shares fell more than 6 per cent to close at USD 127.70.

19 Oct 2019 11:09 AM IST

Details about the hub were limited, and the BIS said it was not able to provide details on investment or staffing levels. (Photo: Pixabay)

Business

Investors' summit yields Rs 74K cr projects for MP

Seven Multi National Companies (MNCs) have also committed investments in MP in different sectors.

19 Oct 2019 2:12 AM IST

ICICI Lombard has approved payment of second interim dividend of Re 0.75 per equity share of face value of Rs 10 each.

Business

Flood & motor claims impact Q2 profit of ICICI Lombard

Crop insurance had constituted 17 per cent of the total business last year.

19 Oct 2019 2:12 AM IST

The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

Business

Brexit deal, divestment plans boost Sensex, Nifty

The broader market indices outperformed with BSE Mid Cap index gaining 1.78 per cent while BSE Small Cap index gained...

19 Oct 2019 2:12 AM IST

$The Union Commerce Secretary Anup Wadhawan said, \The benefits in absolute sense and a percentage of trade involved are very minimal and moderate.$ Business

Centre mulls export booster

Also, industrial output declined by 1.1 per cent in August due to poor performance by manufacturing, power generation...

19 Oct 2019 2:12 AM IST

Business

RBI feels bank rates will drop after benchmarking

All the six members of the MPC had voted in favour of a rate cut.

19 Oct 2019 2:12 AM IST

The rupee rose sharply against the US dollar while bonds climbed for a second day on hope that the higher than estimated surplus transfer by the central bank to the government would ease fiscal and current account deficit concerns.

Business

Rupee ends flat at 71.14 versus US dollar

The gains in the rupee were capped by crude oil hitting the USD 60 per barrel mark, forex brokers said.

18 Oct 2019 6:36 PM IST