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Business

Fosun buys Thomas Cook brand for 11 million pounds

Thomas Cook declared bankruptcy in September after an attempt to secure USD 250 million from private investors fell...

2 Nov 2019 1:52 PM IST

Shares of Yes Bank jumped 35 per cent before closing with gains of 24 per cent after the lender informed the exchanges that it has received a $1.2 billion binding offer (around Rs 8500 crore) from a global investor. The bank is yet to consider the offer, it said.

Business

USD 3 billion offer on table: Yes Bank

Yes Bank is in discussions to raise USD 1.6 billion from six global private equity funds and two domestic mutual funds.

2 Nov 2019 12:16 PM IST

The rupee may trade in Rs 68.50-70.50/$1 range in the week to May 24 compared to Rs 69.80-70.92/$1 range in the previous week, a poll of 12 foreign exchange dealers showed on Monday.

Business

Rupee firms up 11 paise against dollar

Rupee is trading at 70.81 against the US dollar due to fag-end selling of the greenback by banks and importers.

1 Nov 2019 7:06 PM IST

Business

Yes Bank posts net loss of Rs 629 cr in Sept quarter as bad loans...

The private sector lender had posted a net profit of Rs 951.47 crore in the corresponding period of the previous fiscal.

1 Nov 2019 6:42 PM IST

Indian Oil Corp Ltd reported a nearly 18 per cent rise in second-quarter profit.

Business

IOC stock down nearly 3 pc after disappointing Q2 earnings

The stock touched an intra-day low at Rs 140.25, down 4.46 per cent.

1 Nov 2019 5:49 PM IST

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

Business

Govt orders SFIO probe against crisis-hit DHFL

On October 29, a senior official said there were good enough reasons to refer the DHFL matter to the SFIO.

1 Nov 2019 4:40 PM IST

Domestic car sales also ticked up to 1,72,623 units as against 1,64,559 in February last year, up 4.9 per cent.

Business

Maruti posts positive domestic sales; Mahindra, Toyota improve...

This is the first time in the last seven months that Maruti Suzuki has seen an increase in its domestic sales.

1 Nov 2019 4:23 PM IST

At the end of the five-day auction, nearly 60 per cent of the spectrum had remained unsold.

Business

COAI seeks waiver of all past statutory dues for Airtel, Voda-Idea

The telcos to pay the principal due together with interest and penalties within three months.

1 Nov 2019 4:10 PM IST

IndiGo on Tuesday announced that it had placed an order for 300 A320neo family aircraft, comprising A320neos, A321neos and A321XLRs. (Representational Image)

Business

DGCA asks IndiGo to replace PW engines of 23 A320neo planes by Nov 19

The regulator also asked IndiGo that all 97 such aircraft in its fleet must have modified PW engines by January 31 next...

1 Nov 2019 3:14 PM IST

$The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)$ Business

Diluting govt stake below 50 per cent in PSBs no solution: Unions

Nobel laureate Abhijit Banerjee said that there was a need to bring down government stake to below 50 per cent in PSBs.

1 Nov 2019 2:26 PM IST

Mahindra & Mahindra, Indias biggest utility vehicle maker, on Thursday rolled out a subscription-based service for retail buyers of its personal range of cars to boost sales ahead of festive season and amid worst slowing demand.

Business

Mahindra total sales down 11 pc at 51,896 units in October

The company had sold 58,416 units in the corresponding month last year, M&M said in a regulatory filing.

1 Nov 2019 2:13 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 post Rs 266 crore profit in Q2

The bank had posted a loss of Rs 1,156.25 crore in the July-September quarter last fiscal.

1 Nov 2019 1:48 PM IST