Top
Home ยป Business

Business - Page 502

Insurance penetration in the country was 3.4 per cent in 2015 against the world average of 6.2 per cent.Business
Govt mulls various options for consolidation of PSU general insurers

The consolidation in the public sector general insurance companies is part of disinvestment strategy of the government.

23 Jun 2019 4:30 PM IST

Sources at the National Aviators Guild (NAG), the pilots union of Jet Airways, said the bond requirement has been communicated to the junior pilots. (Photo: Representational/PTI)Business
Insolvency proceedings initiated against Jet Airways

Jet Airways owes more than Rs 8,000 crore to banks, and thousands of crores more in arrears to vendors, lessors and...

23 Jun 2019 4:11 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
Six of top 10 most valued firms lose Rs 53,459 crore in market...

RIL, TCS, HDFC Bank, HUL, HDFC and ITC witnessed a drop in their market capitalisation or the week ended on June 21.

23 Jun 2019 3:20 PM IST

In an accelerated growth scenario, mining can generate an additional 6-8 million jobsBusiness
Cabinet approval for wage code bill likely next week

Union Cabinet's approval would be required for introducing the bill in either House of Parliament.

23 Jun 2019 1:28 PM IST

PE firms made investments worth $2.6 billion across 61 deals and exits worth $472 million across 10 deals.Business
Investment via P-notes rises to Rs 82,619 crore till May

P-note holdings in equities stood at Rs 61,574 crore, followed by debt (Rs 19,681 crore) and derivatives (Rs 193 crore).

23 Jun 2019 1:15 PM IST

In January till date, overseas investors have made a net investment of Rs 11,759.24 crore in equities pushing the benchmark equity indices to their all-time high.Business
Global cues to determine market trend this week: Analysts

The movement of the rupee and rising crude oil prices will also be tracked by participants, experts said.

23 Jun 2019 12:51 PM IST

Rather than waiting to respond to a famine after many have already died, the tech firms, including Amazon, \will use the predictive power of data to trigger funding\ to take action before it becomes a crisis, the World Bank and UN announced. (Representational image/ Photo: AFP)Business
Amazon invests Rs 450 cr in India payments unit

Amazon Corporate Holdings has pumped in Rs 449.95 crore, while the remaining came from Amazon.com.incs Ltd.

23 Jun 2019 12:43 PM IST

Traditional distribution account for close to 90 per cent of Usha Internationals revenue but now the company has drawn a strategy to increase organised retails share rapidly.Business
Usha International toying with franchisee model

Now organised retail account for Rs 300 crore sales out of Rs 3,000 crore topline of the company.

23 Jun 2019 11:01 AM IST

The government on Wednesday said Indias prospects to become a top steel exporter depends on a range of factors, including competitiveness and demand, and will not be impacted by the trade barriers the US has put on imports.Business
Steel ministry seeks higher duties to deter Chinese imports: report

The steel ministry said government revenues could increase by 13.66 billion rupees if the import duties were...

22 Jun 2019 2:56 PM IST

Petroleum minister Dharmendra Pradhan has said the government is open to Saudi oil giant Aramcos interest to own majority stake in the proposed Rs 3-trillion refinery at Ratnagiri.Business
India raises concerns over rising oil prices with Saudi Arabia

Global oil prices rose sharply on fears of a US military attack on Iran that would disrupt flows from the Middle East

22 Jun 2019 1:39 PM IST

The Indian rupee is totally correlated to the crude prices and as long as the crude remains above $70, the rupee will hold weak.Business
Govt's total liabilities rise to Rs 84.68 lakh crore at end-March 2019

Public debt accounted for 89.5 per cent of the total outstanding liabilities at end-March 2019.

22 Jun 2019 12:27 PM IST

The Federation of Auto-mobile Dealers Association or FADA, the apex body of the lobby, said the inventory levels have come down, but are still high by its estimate.Business
Auto industry united in seeking GST rate cut on vehicles: SIAM

Commercial vehicle as well as two and three-wheeler manufacturers are united in seeking lower GST on vehicles.

22 Jun 2019 11:56 AM IST

X