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For infrastructure sector, 2019 could be a landmark year in terms of investments. In the first four months of 2019 itself, private equity and venture capital investments in infrastructure sector has surpassed the previous annual high of 2007.

Business

PE infra investment seen soaring this year

The IBC and the recent NCLT resolutions have fundamentally altered borrower behavior.

10 May 2019 4:30 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.

Business

Downtrend seen for short-term

The broader market outperformed the benchmarks with the Mid-Cap down 0.19 per cent and Small-Cap down 0.38 per cent.

10 May 2019 4:25 AM IST

After the selection of Member (Non-life), the Insurance Regulatory and Development Authority of India (IRDAI) is all set to appoint the Member (Life) soon.

Business

Two in race for key Irdai post

According to a Finance Ministry source, eight candidates appeared for the interview for the post.

10 May 2019 4:21 AM IST

The confluence of stable prices, upcoming wedding season and pent-up demand made this Akshaya Tritiya memorable for the gold and jewellery sector, which saw demand bouncing back after a gap of two years. Jewellers across the country witnessed on an average 15 to 20 per cent growth in sales over last year.

Business

Early gold bond buyers reap handsome returns

The government till now has come out with 27 issues of gold bond and the total quantum of gold bought through these...

10 May 2019 4:17 AM IST

The new version has a delivery period of six to 10 weeks, according to the website, which would customers eligible for the current $7,500 US tax credit if they take delivery by the end of the year. The tax credit for Tesla cars will drop by half on Jan. 1.

Business

Natural gas vehicles likely to account for 50 pc of total new sales by...

As an automobile fuel, natural gas is a proven tech in providing better air quality, sustainability and...

9 May 2019 5:56 PM IST

The SpiceJet added that Some passengers were moved to flights of other airlines while the rest travelled by the scheduled SpiceJet flight.

Business

SpiceJet says will offer business class on select routes from May 11

SpiceJet will offer the service on airctaft operating on routes from Delhi, Mumbai, Kolkata, Chennai, Hyderabad and...

9 May 2019 5:36 PM IST

The Department of Telecom has issued 13-digit numbers to telecom operators for the trial of machine-to-machine (M2M) communications like smart electric metres and car tracking devices.

Business

Fund raising in telecom shows promoters' resolve despite structural...

The industry has taken a responsible call to infuse fresh funds in 'some very adverse circumstances', said COAI chief.

9 May 2019 5:21 PM IST

Business

Gold rises for second day on positive overseas trend

Besides rise in demand from local jewellers, sentiment remained upbeat due to trade tensions between US and China.

9 May 2019 5:06 PM 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.

Business

Share market falls for 7th straight session; RIL tumbles over 3 pc

According to traders, investor sentiment remained weak amid rising trade tensions between the US and China.

9 May 2019 4:09 PM IST

The argument put forward by the leaders of the BJP and others was that India did not depend on exports for its economic growth, and that the huge domestic market and the consumption it entailed was good enough to keep the economy in shape and the global developments were marginal. (Representational image)

Business

Economists highlight need for reducing centre, state debt; call for...

Economists made a case for improving the quality of budgeting, so governments do not budget for a low fiscal deficit.

9 May 2019 3:45 PM IST

$Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.$ Business

India Ratings downgrades Yes Bank with negative outlook

Icra downgraded the ratings on its six instruments totalling borrowings over Rs 33,000 crore by the lender.

9 May 2019 3:24 PM IST

EID Parry on Wednesday posted a surge of 87.23 per cent in consolidated net profit at Rs 158.06 crore for the fourth quarter of 2018-19 on strong sales.

Business

EID Parry shares jump nearly 5 pc post Q4 results

The scrip gained 4.29 per cent to Rs 192.85 on the BSE.

9 May 2019 2:34 PM IST