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Mortgage lender Dewan Housing Finance Ltd (DHFL) on Tuesday said that it has cleared interest of Rs 961 crore due on non-convertible debentures (NCDs) and would be seeking a rating upgrade from agencies.Business
DHFL clears Rs 961 crore interest on NCDs

The company has made interest payments in lieu of Rs 961 crore as committed to its debenture holders.

12 Jun 2019 2:23 AM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.Business
Moody's puts Yes Bank under rating review

The move comes a day before the bank's annual general meeting scheduled on Wednesday.

12 Jun 2019 2:20 AM IST

Reserve Bank of India (RBI)Business
New RBI norms to give more lenders headroom to resolve large NPAs:...

New framework provides some leeway to lenders and encourages them to refer cases to IBC, said SBI in its report.

11 Jun 2019 7:10 PM IST

CII on Sunday said businesses across several key sectors are seeing firm growth in sales and orders.Business
Bring down corporate tax to 18 per cent sans exemptions: CII

Government has already reduced corporate tax to 25 per cent for companies having turnover of less than Rs 250 crore.

11 Jun 2019 6:47 PM IST

The power ministry has categorised charging batteries of electric vehicles as a service, a move which will help such stations operate without licence and encourage the use of e-vehicles.Business
Auto component industry seeks stable road map for EV transition

Govt should adopt a pragmatic approach to create a stable and long-term road map for a transition to EVs, said industry...

11 Jun 2019 6:37 PM IST

Tata Steel gave no update on the future of the rest of its UK assets including Britains biggest steel plant at Port Talbot in Wales.Business
EU blocks Thyssenkrupp-Tata steel merger plan

The aim of the merger had been to create the second largest European steel company behind multinational giant...

11 Jun 2019 5:25 PM IST

Even if companies can continue to sell components without being subject to US restrictions, any disruption to Huaweis operations will have a knock-on effect on its suppliers. (Photo: AP)Business
Huawei denies being bound by Chinese spy laws

Huawei currently provides the most advanced -- and least expensive -- 5G technology in the world.

11 Jun 2019 5:17 PM IST

GST, which will replace more than a dozen central and state levies like factory-gate, excise duty, service tax and local sales tax or VAT, is Indias biggest tax reform in the 70 years of independence. (Phtoto: Representational/PTI)Business
GST council to introduce new GST return system

A transition plan has been worked out, said an official release on 31st meeting of GST Council, said an official...

11 Jun 2019 3:38 PM IST

The government on Monday said it will still want to see if IndiGo bids for Air India.Business
IndiGo announces special summer sale, fares start as low as Rs 999

IndiGo is offering customers all-inclusive fare starting at Rs 999 across domestic and Rs 3,499 across international...

11 Jun 2019 3:18 PM IST

Jet Airways did not commission the creative being shared on social media platforms, in context of a recent event concerning another domestic airline, the statement said. (Photo: AFP/File)Business
Jet Airways shares plunge nearly 15 per cent

The scrip tumbled 14.41 per cent to Rs 107.15 -- its 52- week low -- on the BSE Sensex.

11 Jun 2019 2:30 PM IST

Anil AmbaniBusiness
Anil Ambani says committed to meet debt obligations

Reliance group has made debt payments of over Rs 35,000 crore in 14 months from April 2018 till May 2019, said Ambani.

11 Jun 2019 1:35 PM IST

Rather than waiting to respond to a famine after many have already died, the tech firms, including Amazon, \will use the predictive power of data to trigger funding\ to take action before it becomes a crisis, the World Bank and UN announced. (Representational image/ Photo: AFP)Business
Amazon dethrones Google as top global brand: Survey

The brand value of Amazon surged by 52 per cent to USD 315 billion, global market research agency Kantar said.

11 Jun 2019 11:48 AM IST

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