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In a filing to BSE on Saturday, NIIT Technologies said Hulst B.V. acquired 18,848,118 equity shares of the company with face value of Rs 10 each on May 17.

Baring Private Equity Asia acquires 30 pc stake in NIIT Technologies

Funds affiliated with BPEA signed agreements to purchase 30.5 per cent stake in NIIT Technologies from NIIT Ltd.

18 May 2019 5:29 PM IST

China, throttled by export barriers to the US, might diversify the structure of its exports, using overseas production and export units in countries with trade ties to the US. India could be one such location.

China's tough rhetoric leaves trade talks with US in limbo

CNBC, citing sources, said the trade talks had stalled and the next round of discussions was in flux.

18 May 2019 2:37 PM IST

Members of the Organisation of the Petroleum Exporting Countries (OPEC) are seeking a close balance between supply and demand, Khalid al-Falih said.

Saudi's Falih says oil stocks still building, but OPEC to act if...

OPEC, Russia and other non-OPEC producers have agreed to reduce output by 1.2 bpd from Jan 1 for six months.

18 May 2019 1:46 PM IST

Positive signs for Goa mining to be visible in six months: CM

The mining industry in Goa came to a standstill, after Supreme Court quashed the second renewal of 88 iron ore mining...

18 May 2019 11:38 AM IST

FMCG major Nestle India yesterday reported a decline of 8.66 per cent in its standalone net profit to Rs 167.31 crore for the quarter

FMCG growth, low food inflation to be hit by fall in monsoon: Nestle...

Nestle said decline in monsoon would not affect it as its rural sales account for only about 20-25 per cent of its total...

18 May 2019 10:38 AM IST

The answer, it seemed, was not difficult to seek for those who believed that economic growth in India, then as it is now, is state driven.

'India should aspire for double digit growth': EAC member Shamika Ravi

Ravi also refuted the contention of her EAC-PM colleague Rathin Roy that India could fall into the middle income trap.

18 May 2019 10:05 AM IST

LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.

Market shows tremendous strength

The market will react to exit polls in early trade on Monday and that could set the tone for the rest of the day as...

18 May 2019 2:51 AM IST

Exporters need all the help they can get to help close the trade deficit. (Representational image)

Trade war unlikely to aid Indian exports

In the past, China has showcased such tendency and dumped its products at predatory rates in many markets including...

18 May 2019 2:46 AM IST

Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Life insurers see strong growth

April has particularly been fruitful for the listed players in new business premium. All the four listed players saw...

18 May 2019 2:33 AM IST

Bajaj Finance shares touched a high of 3,314.95 in intra-day trade and finally closed with a gain of 6.09 per cent at Rs 3,301.20.

Focus on consumer loans helps Bajaj Finance put up good show

The company is well-placed in the liquidity front, which will support its growth, Kotak Institutional Equities said.

18 May 2019 2:29 AM IST

Co-founders Rahul Bhatia and Rakesh Gangwal hold 38.26 per cent and 36.69 per cent stake, respectively, along with their families.

Expansion strategy at core of Indigo friction

Aditya Ghosh stepped down last year as there were differences with the promoters over fleet expansion.

18 May 2019 2:24 AM IST

The case relates to alleged violation of norms by directors of the aviation company for relaxation of 5/20 rules in the aviation sector to get licenses for international operations, as well as violation of Foreign Investment Promotion Board (FIPB)rules, CBI said. (Photo: PTI | Representational)

Aviation premium up 33 per cent in FY19

In FY19, total aviation premium written by domestic insurers stood at Rs 544 crore.

18 May 2019 2:19 AM IST