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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.Business
SBI to auction Rs 2,338 cr worth NPAs on March 26

SBI said except Mittal Corp and Shree Vaishnav, other auctions will be conducted under the Swiss Challenge method on...

12 March 2019 5:09 PM IST

The benchmark Sensex pared some gains and were trading higher by 0.69 per cent or 233.02 points at 34,080.25 at 0955 hrs. (Photo: File)Business
Sensex shoots up 481 points; Nifty reclaims 11,300-level

Sectorally, the BSE realty index topped the chart, surging 2.60 per cent, followed by telecom, bankex, healthcare and...

12 March 2019 4:41 PM IST

Gold prices went down by Rs 200 to Rs 31,350 per ten grams at the bullion market on Friday.Business
Gold prices fall Rs 100 on low demand from jewellers

Traders said low demand from domestic jewellers and investors' increased focus on equities pulled down the gold prices.

12 March 2019 4:17 PM IST

Fund managers believe mutual funds, which are considered popular and convenient investment tools, have advocated asset allocation-based strategies to make the journey smoother for investors.Business
Drivezy in talks to raise USD 100 mn funding, eyes international...

Drivezy (formerly JustRide) has till date raised equity investments of USD 31 million.

12 March 2019 3:38 PM IST

LIC bought an additional stake of over 3 per cent in Bank of India for about Rs 450.88 crore. (Representational Image)Business
Bank of India raises Rs 660 cr by selling shares to employees

The bank issued 6,25,52,188 shares of Rs 10 each to eligible employees, BoI said in a statement.

12 March 2019 3:07 PM IST

The insurer said in a regulatory filing on Monday that Standard Life (Mauritius Holdings) 2006 Ltd, one of its promoters, will sell stake through an offer for sale on March 12, and the floor price for the sale will be Rs 357.50 per share.Business
HDFC Life shares drop over 5 pc on stake sale announcement

After the stake sale, Standard Life's holding in the insurance company will come down to 24.27 per cent.

12 March 2019 2:58 PM IST

The combined entity Birlasoft Limited is a mid-tier USD 500 million (approximately Rs 3,478.88 crore) company listed on the Indian bourses, the company said in a statement.Business
Birlasoft completes merger with KPIT's IT services division

The integration would enable the company to deliver a wider suite of capabilities, said Amita Birla, Chairperson,...

12 March 2019 1:49 PM IST

\The suggestion of alleged violation of FDI laws of India is completely misconceived and misplaced,\ Godfrey Phillips India said in a regulatory filing.Business
Godfrey Phillips says it is in complete compliance with India's FDI...

Per media reports, Philip Morris for years paid manufacturing costs to Godfrey Phillips to make Marlboro cigarettes.

12 March 2019 12:42 PM IST

The current rise in fund raising through the IPO route is expected to last as long as the upswing in secondary market continues.Business
State-run MSTC plans to raise Rs 226 crore through initial public...

The company has fixed the price band of Rs 121-128, and has proposed to offload 1.76 crore shares or 25 per cent of...

12 March 2019 12:26 PM IST

Productivity in British low-paid jobs lags 20 to 30 per cent behind equivalent roles in Germany, France, the Netherlands and the United States.Business
Ctrl-Alt-Stall: India's engineers struggle for work as jobs crisis...

India's unemployment rate rose to 7.2 per cent last month, up from 5.9 per cent in February 2018.

12 March 2019 11:34 AM IST

China also grounded its fleet of the Boeing 737 MAX 8. (Photo:AP)Business
Only pilots with 1,000 flying hours for Boeing 737 MAX planes: DGCA

Currently SpiceJet and Jet Airways own and fly a number of Boeing 737 MAX aeroplanes in India.

12 March 2019 11:28 AM IST

With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)Business
Bharti Airtel to slash direct stake in Infratel

Bharti Airtel Ltd will slash its stake in the telecom tower company by more than half to 18.3 per cent.

12 March 2019 10:44 AM IST

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