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The gold jewellery exporters used 176 tonnes of gold for round-tripping while only 50 tonnes catered to genuine exports in 2018, as per the estimates of precious metals agency GFMS.

Round-tripping still rampant in gold exports

Round-tripping continue to flourish to take advantage of the interest arbitrage or to inflate balance sheets.

17 Jun 2019 1:11 AM IST

These lenders are following the path of a lending unicorn-Capital First, which adopted a similar strategy. In 2012, venturing down the entrepreneurial road, V Vaidyanathan acquired a stake in an existing NBFC and secured the equity backing of Rs 810 crore from Warburg Pincus and thus founded Capital First Ltd.

Start-ups entering listed space via reverse merger

Nath, a financial services veteran, launched U GRO last year after acquiring listed entity Chokhani Securities.

17 Jun 2019 1:03 AM IST

According to civic officials, the earlier system was to charge property tax on the entire building or housing society.

CREDAI seeks bank funding for developers to buy land for affordable...

Land funding is typically done by NBFCs or private equities, it said, but added that cost to developers are as high as...

16 Jun 2019 6:23 PM IST

T V Mohandas Pai

'India has wage problem, not job problem': Mohandas Pai

India is not producing good jobs, but creating a lot of Rs 10,000-Rs 15,000 low-paid jobs, says T V Mohandas Pai.

16 Jun 2019 5:18 PM IST

Meanwhile, DoT said it will take a call on next round of auction of 5G spectrum.

Trai mulls approach to determine unique mobile subscribers base

Subscriber number does not give exact picture of those connected or unconnected as it counts multiple phone connections.

16 Jun 2019 4:03 PM IST

The TV is equipped with an Android remote that will have Google Assistant and hot keys for Netflix and Google Play.

Large-screen TV sales soar up to 100 pc as World Cup fever grips fans

Companies expect sales to pick up further as tournament progresses towards knock-out rounds, and have lined up...

16 Jun 2019 3:46 PM IST

Nirmala Sitharaman spoke on the on-going efforts of Indian Government to counter tax avoidance & evasion, finance ministry tweeted.

Govt likely to provide Rs 30,000 crore to PSU banks in Budget 2019

The public sector banks would also require capital for the credit growth, which has just started picking up.

16 Jun 2019 3:27 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.

PNB to sell NPAs worth over Rs 1,000 cr, six accounts put on block

The reserve price for the six non performing assets (NPAs) has been fixed at Rs 342 crore.

16 Jun 2019 3:06 PM IST

The South Asian countries are free to have ties with any country including China, Indias Ambassador in Beijing Bambawale said. (Photo: PTI/Representational)

India can boost exports of 300 products to US, China amid trade war:...

Both US and China are imposing heavy import duties on each other's products, which has triggered a trade war.

16 Jun 2019 1:59 PM IST

The FPIs pumped in nearly Rs 4,800 crore into the Indian markets in the last five trading sessions.

FPIs remain net buyers in June, invest Rs 11,132 cr

If there is a trade deal between the US and China, all markets are likely to move up, said VK Vijayakumar of Geojit.

16 Jun 2019 11:56 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.

Fed rate decision, trade scenario to set market trend: Analysts

Markets are currently dancing to the global tunes and we do not see this changing any time soon, says Jayant Manglik.

16 Jun 2019 11:09 AM IST

Around 2000 employees will lose jobs as TCS is shutting down its office in Lucknow.

Six of top-10 firms add Rs 34,250 cr in m-cap; TCS leads

RIL, ITC, Infosys, SBI and ICICI Bank were the other companies which witnessed a rise in market capitalisation.

16 Jun 2019 11:04 AM IST