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Asian Development Bank

ADB cuts India's GDP growth forecast to 7 pc for FY20; fastest growing...

For the south Asia, ADB said outlook remains robust, with growth projected at 6.6 per cent in 2019 and 6.7 per cent in...

18 July 2019 9:51 AM IST

The acquisition of Yatra would lend itself to significant synergies and the emergence of EbixCash as Indias largest and most profitable travel services company, said Ebix Chairman, President and CEO Robin Raina.

Yatra to merge with Ebix arm

Ebix had announced commencement of the due diligence process in March this year.

18 July 2019 1:43 AM IST

Refinancing needs are manageable for most corporates in 2017, given their better access to the capital markets and large cash balances.

Renegotiation of PPAs to hit cash flows

Earlier this month, the state government had formed a negotiation committee to renegotiate wind and solar PPAs in the...

18 July 2019 1:39 AM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Yes Bank: Slippages to remain elevated

The private lender had reported a profit of Rs 1,260 crore in the same quarter last year.

18 July 2019 1:32 AM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

Market to remain sideways

Currently the Nifty trades with a resistance of 11740 and if it cross that level then it may trigger a long trade...

18 July 2019 1:28 AM IST

Air cargo volumes have recorded declines as unresolved disputes and the imposition of trade tariffs led to a marked slowdown in international trade flows. (Photo: ANI)

International airfares likely to drop

Air India, Indigo, SpiceJet and Go Air are expected to benefit from the move.

18 July 2019 1:25 AM IST

The Ministry of Heavy Industries has invited proposals from urban local bodies, municipal corporations, PSUs (state/central) and public/private entities, who are interested in developing EV charging infrastructure in different states and cities.

EV charging stations to be set up in capital cities

The government wants to extend the capital grants with various organisations to promote the use of EVs in the country.

18 July 2019 1:22 AM IST

The Code on Occupational Safety, Health, and Working Conditions Bill, 2019 in parliament is expected to be introduced in the Budget session of Parliament, under Union Labour Minister Santosh Gangwar. (Photo: ANI)

Govt to prepare national data on unorganised sector

The government has taken several measures towards expansion of the organised sector, said Union Minister Santosh...

17 July 2019 8:12 PM IST

Startups have also appealed that the government should also consider eliminating Minimum Alternate Tax for startups, which are DIPP certified.

Facebook, T-Hub pick 10 startups for 'India Innovation Accelerator'...

The cohort startups will have access to T-Hub's ecosystem and PwC India's industry experts to scale their businesses.

17 July 2019 8:02 PM IST

A legislation, calling for increasing the minimum salaries of H1-B visa holders to $130,000, was introduced in the US House of Representatives.

Indians received 67-72 pc of total US H1-B visas in last five years:...

External Affairs Minister S Jaishankar said no comprehensive changes have been made to the H-1B visa programme so far.

17 July 2019 7:44 PM IST

Jaypee Infratechs Interim Resolution Professional (IRP) Anuj Jain too favoured voting process for the revised offer.

Jaypee insolvency: NCLAT asks IDBI Bank to furnish conditions for...

A two-member bench headed by Chairman Justice S J Mukhopadhaya has asked IDBI Bank to file an affidavit by Friday.

17 July 2019 7:01 PM IST

Yes Bank last week had informed about raising Rs 4,906.65 crore (USD 750 million) in Qualified Institutions Placement mode.

NPA troubles continue for Yes Bank; June net down 92 pc

The bank's fresh slippages at Rs 6,232 crore nearly doubled if compared to the Rs 3,408 crore in the previous quarter.

17 July 2019 6:53 PM IST