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$Jet Airways has said that the flights were cancelled over an \unforeseen operational circumstance\ and not because of the protest by pilots. (Photo: Twitter | @jetairways)$ Business

SBI seeks bids for cash-strapped Jet Airways

Jet Airways, is looking for

8 April 2019 9:52 AM IST

The company is gearing up for exponential growth in the new financial year 2019-20 and has already bagged new orders totalling 11MW just over the last few weeks.

Business

MYSUN expands presence in 7 states in its pan-India Solar push for...

These projects will result in significant energy bill savings for industries and small & medium enterprises.

8 April 2019 9:05 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Business

RBI says not yet approved merger of Lakshmi Vilas and Indiabulls...

Shareholders of the Chennai-based bank will get 0.14 share in Indiabulls for every share held in the lender.

8 April 2019 8:49 AM IST

Wipro, HDFC Bank and ICICI Lombard General Insurance will announce their fourth quarter performance next week while Axis Bank and RBL Bank will declare their Q4 results before the end of this month.

Business

Analysts see better results from banks

IT sector companies' revenue and profit growth could vary with company for the fourth quarter, analysts said.

8 April 2019 1:26 AM IST

Business

SC ruling does not disturb creditors' rights to insolvency...

In view of the judgement, a bank-creditor needs to ask itself when it should initiate proceeding and justify itself,...

7 April 2019 6:51 PM IST

Two-wheeler major Hero MotoCorp on Monday reported its highest ever monthly sales.

Business

Hero MotoCorp widens gap over Honda in two-wheeler sales in FY19

In FY19, Pune-based Bajaj Auto maintained its position as third biggest two-wheeler maker in India.

7 April 2019 6:40 PM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Business

Bidding process for Jet Airways likely to begin from April 8

SBI is the lead lender to Jet Airways, which has a debt burden of Rs 8,000 crore.

7 April 2019 5:14 PM IST

Insurance penetration in the country was 3.4 per cent in 2015 against the world average of 6.2 per cent.

Business

Soon, you may have the option to settle insurance claims in...

Insurance Regulatory and Development Authority of India had set up a working group to study a proposal in this regard.

7 April 2019 3:00 PM IST

The commerce ministry has circulated a draft cabinet note seeking views of different departments on the proposed industrial policy that aims to promote emerging sectors, Union minister Suresh Prabhu said.

Business

ATF under GST will ensure level playing field for domestic airlines:...

Airlines could expect an annual relief of up to Rs 5,000 crore by way of input tax credit if ATF is brought under GST.

7 April 2019 2:23 PM IST

Tofacitinib will be manufactured at the Zydus Cadilas formulations manufacturing facility at Moraiya, Ahmedabad.

Business

Zydus receives tentative approval from USFDA for Tofacitinib tablets

Tofacitinib is used to treat moderate to severe forms of rheumatoid arthritis, company said in a BSE filing.

6 April 2019 5:04 PM IST

The police arrested chief executive and an executive director of state-run Bank of Maharashtra on Wednesday, accusing them of misusing their authority in making loans to a property developer.

Business

Bank of Maharashtra lowers lending rates by a nominal 5 basis points

RBI had cut repo rate to 6 pc from 6.25 citing need to support growth in bi-monthly monetary policy announced on...

6 April 2019 11:46 AM IST

The JSW Steel scrip closed 2.41 per cent up at Rs 294.85 on the BSE, as against a gain of 0.46 per cent on the benchmark.

Business

JSW Steel raising $500 million from overseas bond sale

Moody's said proceeds from the issue will be utilised for retiring some debt and also for capital expenditure.

6 April 2019 11:34 AM IST