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On observing certain irregularities and fraudulent activities, Sebi passed an interim order against the company and its promoters in December 2011 and passed a final order in December 2013.

Sebi bars MFs from standstill agreements

Early this year, the Essel Group companies, which had raised over Rs 7,000 crore from mutual funds against debt...

28 Jun 2019 2:41 AM IST

Reserve Bank of India (RBI)

Large HFC, NBFC failure to pose contagion risk

The country's financial system remains stableâ€ despite some recent dislocationâ€.

28 Jun 2019 2:41 AM IST

On the capacity front, ICRA expects around 18-20 MTPA to get added in FY2020.

Cement demand to pick up in Q3

There is a ray of hope as experts expect an upturn in demand from the third quarter, that is, post monsoon.

28 Jun 2019 1:49 AM IST

BMW eyes 100,000 electric car sales in 2017: Sueddeutsche

BMW launches new S1000 RR at Rs 18.50 lakh

The engine on the Supersport continues to be a 999cc, in-line four, but it has gone through a few changes.

28 Jun 2019 1:46 AM IST

All the new aircrafts inducted by Indigo will be A320-neo; which will be 10-15 per cent more fuel efficient than its predecessors.

Jet Airway's misfortune seems a boon for rivals

For the quarter Q4FY19, airlines saw an increase in yields coupled with a stark increase in their capacities.

28 Jun 2019 1:44 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.

Global cues dictating local market trend

The market ended flat on Thursday F&O series in a highly choppy trading session.

28 Jun 2019 1:42 AM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee settles 8 paise higher at 69.07 against US dollar

Rupee movement was confined to a narrow range as forex traders took a cautious approach ahead of the G20 Summit.

27 Jun 2019 7:21 PM IST

As a part of the Digital India initiative, myriad e-governance measures are being implemented and many government departments have found their way to a strong online presence.

Government expenditure under Digital India at Rs 3,328 cr in 2018-19:...

Electronics and IT Minister Ravi Shankar Prasad gave this information in a written reply to the Rajya Sabha.

27 Jun 2019 6:46 PM IST

Sebi has begun looking into the matter for any possible disclosure and corporate governance-related lapses.

Sebi issues stricter regulations for mutual funds, promoters pledge

Sebi board took a call on key changes over credit rating firms, promoters' pledge of shares, liquid funds and royalty...

27 Jun 2019 6:35 PM IST

Goyal asks ministries to work in coordination to cut logistics cost to...

Policy was prepared in consultation with ministries of railways, road transport and highways, shipping and civil...

27 Jun 2019 5:16 PM 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.

Sensex, Nifty end marginally lower on futures and options contracts...

After swinging over 300 points, the 30-share BSE Sensex settled 5.67 points, or 0.01 per cent, lower at 39,586.41.

27 Jun 2019 4:09 PM IST

Increase in gold imports pushed the countrys trade deficit to USD 94.32 billion in April-September 2018-19.

Gold climbs Rs 180 on buying by jewellers despite weak global trend

Gold of 99.9 pc and 99.5 pc purity jumped by Rs 180 each to Rs 34,350 and Rs 34,180 per 10 gram, respectively.

27 Jun 2019 4:02 PM IST