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In December last year, Canara Bank had said it proposes to bring down stake in its housing finance subsidiary CanFin Homes to 30 per cent.

Business

Canara Bank issues bonds from London branch to raise up to USD 400 mn

Shares of the bank closed 1.63 per cent down at Rs 271.70 a piece on the BSE.

22 March 2019 4:24 PM IST

Benchmark Sensex surged 577 points to end at 33,597 on Thursday.

Business

Sensex snaps 8-day winning run, dives 222 points on profit booking

The NSE Nifty shed 64.15 points, or 0.56 per cent, to finish at 11,456.90.

22 March 2019 4:15 PM IST

The government will sell 5 percent stake in the countrys largest power producer NTPC at Rs 168 per share to raise about Rs 7,000 crore.

Business

Fitch assigns investment grade rating to NTPC's proposed notes

The proposed notes are to be issued out of NTPC's USD 6 billion medium-term note programme.

22 March 2019 4:08 PM IST

$\Patel is an accused in the case and is the brother-in-law of the main accused in the case, the Sandesara brothers (Nitin and Chetan Sandesara). He is expected to be extradited to India soon,\ officials said.$ Business

Sterling Biotech case: Accused Hitesh Patel held in Albania on ED...

Hitesh Patel was apprehended by law enforcement officials of Albania in Tirana on March 20, say officials.

22 March 2019 3:13 PM IST

Mumbai airport saw 16,749 flights in November last year and 18,184 in December 2016.

Business

GVK Group co to acquire 12 cr shares in Mumbai airport for Rs 924 cr

After completion of deal GVK Group's shareholding in MIAL will increase to 74 pc from existing 50.5 pc, the company...

22 March 2019 2:52 PM IST

At the time of the rocket attack, SpiceJets SG 22 Kabul-Delhi flight was preparing for take-off at the airport. (Photo: PTI/Representational)

Business

SpiceJet in talks with lessors to induct aircraft

Alrline looks to fill a gap after the grounding of its Boeing MAX 8 fleet.

22 March 2019 2:38 PM IST

Electric vehicles are still a low volume segment with only 1.3 per cent market penetration in India and about 3 per cent globally.

Business

Auto LPG body says govt missing out on low-hanging fruits amid EV-push

A Rs 10,000 crore scheme to subsidise sale of electric and hybrid vehicles as part of efforts to curb pollution is...

22 March 2019 2:25 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Business

Govt extends IGST, compensation cess exemption under various export...

These exemptions have been extended for exporters buying inputs domestically or importing for export purpose.

22 March 2019 2:24 PM IST

Nearly 44 per cent of Alto sales contribution comes from young customers less than 35 years of age.

Business

Alto best selling PV model in Feb; Maruti makes clean sweep of top six...

According to the latest data by SIAM, Alto had sold 19,941 units.

22 March 2019 2:15 PM IST

Tata Power Solar is also planning to launch a dealer network to better take on its myriad of competitors.

Business

Tata Power SED bags Rs 1,200 cr contract from defence ministry

The contract will be executed by Tata Power SED as the prime contractor with foreign OEM.

22 March 2019 2:10 PM IST

The debt crisis at the infrastructure lender came to light following a series of defaults by its group companies beginning September 2018.

Business

IL&FS Transportation Networks defaults on NCD payments due to...

The group's total debt stood at over Rs 90,000 crore as of October 2018.

22 March 2019 1:26 PM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

Business

Sensex edges lower as investors pocket gains

The NSE Nifty has risen 6.75 per cent while the BSE index climbed 7.02 per cent this month until Wednesday's close.

22 March 2019 1:19 PM IST