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

Jaypee Committee of Creditors decides to vote on NBCC bid

Bankers who participated in the CoC meet here opposed putting the NBCC's bid to vote and pitched for further...

15 May 2019 2:01 AM IST

The credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has reduced to 2.75 per cent to 3 per cent in Q4FY19, going by the bank results declared so far.

Provisioning key theme of bank results in 4th quarter

Credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has come down to 2.75 per cent to 3 per cent in...

15 May 2019 1:55 AM IST

At present diesel cars at Maruti, which sells one car out of two bought in the country, account for almost a third of its sales.

Component firms buckle up for tech shift

Some companies like Schaeffler India have mentioned the impact of this in their recent quarterly calls, she pointed out.

15 May 2019 1:51 AM IST

In the auto sector, the sentiment is muted, with buyers deferring purchases on lack of financing support from the non-bank finance companies, or NBFCs.

Outlook gloomy for auto, brightening for property: Survey

For cars in particular, purchase decisions appear to be getting pushed out to beyond a two-year horizon.

15 May 2019 1:48 AM IST

BMW Motorrad, the premium motorcycle arm of German luxury car maker BMW Group, on Tuesday expanded its bike range with the launch of the all-new BMW F850 GS Adventure bike, priced at Rs 15.40 lakh at pan India showroom to boost sale in Asias third biggest economy.

BMW launches F850 GS bike at Rs 15.40 lakh

This new long-distance touring enduro motorcycle was first unveiled at the 2018 EICMA show in Milan, Italy.

15 May 2019 1:43 AM IST

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.

Nifty closes below its intermediate hurdle

In the Nifty 50 basket of shares 34 ended higher while 16 closed lower.

15 May 2019 1:40 AM IST

Adda 247 is one of the largest education-technology companies in India, focused on helping every student access quality education and training to become capable of cracking the most intensive competitive examinations. (Photo: Pixabay)

SME listings nearing 500-mark

After listing on the SME Exchange platform, 61 companies have now migrated to the main board of BSE.

15 May 2019 1:36 AM IST

The Department of Telecom (DoT) is likely to approve on Monday the merger of Vodafone India and Idea Cellular that will create the countrys largest mobile service operator with proposed name of Vodafone Idea Ltd.

Vodafone Idea lags Airtel, Jio in sequential revenue growth in Q4:...

Vodafone Idea is looking to monetise investments in tower venture as well as fibre assets.

14 May 2019 9:13 PM IST

Paytm has revamped its app to make it even more user friendly and intuitive.

Paytm probe reveals at least Rs 10 cr fraud: Vijay Shekhar Sharma

Regarding the feasibility of businesses providing freebies, Sharma said the cashback model is sustainable.

14 May 2019 8:34 PM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

RBI needs to go for larger rate cut in June: SBI report

RBI had cut the key short-term lending rate (repo) by 25 basis points each in its last two policy reviews.

14 May 2019 8:26 PM IST

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

Rupee recovers 7 paise along with stocks, ends at 70.44 vs USD

Stock markets cut short their nine-day losing streak with the benchmark BSE Sensex closing 0.61 per cent higher.

14 May 2019 7:07 PM IST

Mindtree offers Smart Alert Management and Smart Reconciliation Management.

L&T acquires 1,168 shares of Mindtree

Shares of Mindtree ended at Rs 974.25 apiece on the BSE on Tuesday, 0.13 per cent lower than the previous closing.

14 May 2019 6:47 PM IST