Home » Business

Business - Page 305

The Finance Ministry may come out with a Rs 10,000-crore follow-on fund offer of the Bharat-22 exchange traded fund (ETF) as it looks to dilute stake in Coal India to meet the minimum public holding norm.

Bharat-22 ETF's 4th tranche to open on Thursday; govt expects to raise...

Proceeds from the ETF will help the government meet its disinvestment target of Rs 1.05 lakh crore for the current...

2 Oct 2019 4:40 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC Bank case: ICAI to check role of auditors

ICAI on Wednesday said it has triggered its disciplinary mechanism and has written to the bank as well as regulatory...

2 Oct 2019 3:56 PM IST

WhatsApp has closed the loophole that affected Android, iOS, Windows, and Tizen.

TRAI to take more time on OTT norms; lawful interception, security...

Skype, Viber, WhatsApp and Hike are some of the popular and widely-used OTT services.

2 Oct 2019 3:40 PM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

India central bank set to cut rates again as fiscal measures fail to...

With current inflation remaining benign, we expect RBI to opt for a 40 bps rate cut, said Yes Bank's Yuvika Oberoi.

2 Oct 2019 2:41 PM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

34 functional teams to smoothen merger of UBI, PNB, OBC

Merger will make the new entity the second-largest bank in the country after the SBI with a total business volume of Rs...

2 Oct 2019 12:13 PM IST

Parle, founded in 1929, employs about 100,000 people, including direct and contract workers across 10 company-owned facilities and 125 contract manufacturing plants.

Parle seeks to be on a roll with Rol a Cola comeback, eyes Rs 100 cr...

Company is looking at sales of around Rs 50-60 crore during the remaining part of the ongoing fiscal.

2 Oct 2019 11:50 AM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC Bank created over 21,000 fake accounts to hide loans: complaint

The RBI has barred the bank from renewing or granting any loans or making investments without prior approval of the...

2 Oct 2019 9:16 AM IST

Isuzu specialises in making diesel engines, and this shows in the MU-Xs powertrain for its 3.0-litre oil burner.

Isuzu combines cafe and showroom

The Isuzu brand showroom is a place for conversation and designed to rejuvenate those who need to break away from their...

2 Oct 2019 2:03 AM IST

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.

Market hits panic low, may pull back

The Sensex plunged 737 points intra-day to 37929.89, while Nifty fell 226 points to 11247.

2 Oct 2019 2:00 AM IST

The argument put forward by the leaders of the BJP and others was that India did not depend on exports for its economic growth, and that the huge domestic market and the consumption it entailed was good enough to keep the economy in shape and the global developments were marginal. (Representational image)

Downgrades rise for firms in H1: Raters

Declining profitability and stretch in working capital cycles also were reasons for the downgrades.

2 Oct 2019 1:57 AM IST

Mahindra & Mahindra, Indias biggest utility vehicle maker, on Thursday rolled out a subscription-based service for retail buyers of its personal range of cars to boost sales ahead of festive season and amid worst slowing demand.

Mahindra to take control of Ford biz

The JV is expected to be operational by mid-2020, subject to regulatory approvals.

2 Oct 2019 1:53 AM IST

Car manufacturers in India, Asias third biggest car market, continued to bleed with sales in September going southward in higher double digit despite government sops last month.

Automakers bleed despite government sops

Hyundai's sales also dropped by 14.8 per cent at 40,705 units, down from 47,781 units it sold in the year ago period.

2 Oct 2019 1:51 AM IST