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  MG Motor delivers 700 units of Hector on Dhanteras

  October 25, 2019 16:27 IST

  The company said it delivered around 200 cars from a single point in Delhi-NCR, marking one of the largest vehicle delivery events on Dhanteras.

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  SBI posts six-fold rise in Q2 profit at Rs 3,375 crore

  October 25, 2019 16:24 IST

  ​The country's largest lender SBI on Friday reported a nearly six-fold jump in its September quarter consolidated net profit at Rs 3,375.40 crore, prominently aided by a partial stake sale in its life insurance venture.  

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  Bharti Infra sets Dec 24 deadline for merger with Indus Towers

  October 25, 2019 16:22 IST

  In April 2018, Bharti Airtel, Idea Cellular and Vodafone Group had announced an agreement for the merger of Indus Towers and Bharti Infratel to create the largest mobile tower operator in the world outside China. It will have over 163,000 towers across 22 telecom service areas in India.

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  SEBI levies Rs 22 lakh fine on 3 entities for fraudulent trade

  October 25, 2019 15:44 IST

  Capital markets regulator Sebi has levied a total penalty of over Rs 22 lakh on three entities for indulging in fraudulent trading in the illiquid stock options segment on the BSE.

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  Jewellery shops wear deserted look on Dhanteras

  October 25, 2019 14:48 IST

  Diamond sales are certainly outgrowing gold sales. Tanishq stores across the country are all packed since last few days and hence the company is expecting a robust Dhanteras and Diwali sales.

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  Amazon earnings fall for first time in two years

  October 25, 2019 13:20 IST

  In after-hours trading on Thursday, Amazon stock dropped nearly 9 per cent to $1,624 per share on missing financial estimates. Amazon earnings fall for first time in more than two years.

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  InterGlobe Aviation shares tumble 7 per cent after Q2 earnings

  October 25, 2019 13:10 IST

  After market hours on Thursday, the company posted a net loss of Rs 1,062 crore for the September quarter, mainly on account of higher costs related to operating lease liabilities.

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  TRAI releases recommendations on KYC of DTH operators

  October 24, 2019 22:13 IST

  The Telecom Regulatory Authority of India (TRAI) on Thursday issued recommendations on KYC norms for DTH set top boxes, saying the DTH operator should authenticate the subscriber's identity and also install the connection at the address mentioned in the application form.

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  Bandhan Bank posts consolidated net income of Rs 972 cr

  October 24, 2019 18:14 IST

  Managing director and chief executive CS Ghosh said it took nine months to complete the merger with Gruh and the bank, which has its roots in the micro-lending segment, will now focus more on affordable housing loans.

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  Microsoft, Jio empowering small businesses in India: Nadella

  October 24, 2019 12:26 IST

  Reliance Industries (RIL) in August announced partnership of its subsidiary Reliance Jio Infocomm with Microsoft in the technology space, including creation on cloud solutions.

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  US regulator probing whistleblowers charges Infosys

  October 24, 2019 12:00 IST

  "The Company has been in touch with the Securities and Exchange Commission regarding the anonymous whistleblower complaints and has learnt that the SEC has initiated an investigation into this matter," said Infosys in the statement.

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  Sensex jumps 250 points; HCL Tech up 3 per cent

  October 24, 2019 10:05 IST

  Equity benchmark BSE Sensex jumped over 250 points in early trade on Thursday tracking gains in index heavyweights HDFC twins and L&T amid mixed global cues.

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  BSNL tender for 50K 4G sites likely in November

  October 23, 2019 23:24 IST

  State-run Bharat Sanchar Nigam Limited (BSNL), which received a fresh lease of life on Wednesday as the Cabinet approved its revival plan, will float a tender in November for 4G expansion at up to 50,000 sites.

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  Weak domestic demand forces JSW Steel to revise production and sales

  October 23, 2019 22:20 IST

  Prolonged weak domestic demand and falling prices have forced the Sajjan Jindal-led alloy major JSW Steel to revise its production and sales guidance by nearly 3 per cent.

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  SpiceJet to start new airline in UAE

  October 23, 2019 18:57 IST

  "We have started SpiceJet freighter aircraft and we will be expanding on that as well. We are trying to create a logistics hub at RAK airport for aircraft maintenance and repair operations". Sheikh Salem bin Sultan Al Qasimi, Chairman of the Department of Civil Aviation Ras Al Khaimah, said they are working towards upgrading travellers experience and adding more routes to and from Ras al Khaimah.

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  Govt eases norms; non-oil cos, global giants can set up petrol pumps

  October 23, 2019 18:52 IST

  In the biggest reform in fuel retailing sector in almost two decades, the government on Wednesday relaxed norms for setting up petrol pumps, allowing non-oil companies to venture into the business - a move that could help private and foreign firms to enter the world's fastest-growing market.  

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  SEBI starts probe against Infosys over whistleblower charges

  October 23, 2019 18:04 IST

  Markets regulator Sebi has begun its probe into alleged non-disclosure of price-sensitive information by Infosys' management and also corporate governance lapses in the wake of serious allegations levelled by a whistleblower, while it is also examining possible insider trading in the company's securities.

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  NCLAT asks Bakshi to deposit Rs 5 cr for permission to travel abroad

  October 23, 2019 17:50 IST

  The National Company Law Appellate Tribunal (NCLAT) on Wednesday directed Vikram Bakshi, the estranged partner of McDonald's, to deposit Rs 5 crore as a security deposit for permission to travel abroad. A two-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya asked Bakshi and his wife Madhurima Bakshi to deposit Rs 5 crore each by Thursday for permission to travel overseas.

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  Govt hikes MSP for wheat by Rs 85/qtl; pulses up to Rs 325/qtl

  October 23, 2019 17:11 IST

  The government on Wednesday hiked the minimum support price for wheat by Rs 85 to Rs 1,925 a quintal and for pulses by up to Rs 325 per quintal. A decision in this regard was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi.

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  MTNL to be merged with BSNL for revival of state-owned telecom firms

  October 23, 2019 17:55 IST

  The Cabinet, headed by Prime Minister Narendra Modi, also announced revival plan for the both the telcos.The government announced four steps to revive BSNL and MTNL. Telecom Minister Ravi Shankar Prasad said that government wants to make these companies more competitive.

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  IMF sees Indian economic growth rebounding to 7 pc next fiscal

  October 23, 2019 16:06 IST

  “We see the Indian economy rebounding from our projected 6.1 per cent growth this fiscal year to something like 7 per cent in the next fiscal year (2020). We see the factors that will support growth, including monetary policy stimulus, working their way through the pipeline,” Jonathan Ostry, Deputy Director, Asia Pacific Department at the IMF, told reporters.

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  BSE seeks explanation from Infosys on whistleblower complaint

  October 23, 2019 15:55 IST

  BSE on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint which alleged that the company's top executives were following "unethical practices" to shore up profits through irregular accounting ways.

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  Investments via P-notes fall for fourth month in a row

  October 23, 2019 15:31 IST

  Dropping for the fourth consecutive month, investments through participatory notes (P-notes) in the Indian capital market stood at Rs 76,611 crore at the end of September. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly after going through a due diligence process.

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  SEBI challenges SAT order on Price Waterhouse

  October 23, 2019 13:15 IST

  Challenging the tribunal's order, SEBI told the apex court that these auditors had ignored vital materials like the internal audit report which flagged material discrepancies in reconciliation of the invoices.

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  Oriental Bank shares jump over 5 pc after Q2 earnings

  October 23, 2019 12:38 IST

  The scrip gained 4.97 per cent to Rs 52.75 on the BSE. At the NSE, it rose by 5.26 per cent to Rs 52.95.

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  Shares of Infosys recovers lost ground; rises over 1 pc

  October 23, 2019 12:05 IST

  Shares of Infosys on Tuesday plummeted nearly 17 per cent marking their worst intraday fall in over six years, wiping Rs 53,451 crore from its market valuation.

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  Infosys investors lose Rs 53,000 crore amid row over CEO

  October 22, 2019 21:45 IST

  Shares of IT services firm Infosys on Tuesday plummeted nearly 17 per cent, wiping Rs 53,451 crore from its market valuation, on concerns over a whistleblower complaint which alleged that two top executives of the company were indulging in unethical practices to increase short-term revenue and profits.  

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  States beat Centre in ensuring GST returns compliance

  October 22, 2019 18:51 IST

  A Finance Ministry review of compliance behaviour of GST assessees has shown states outperforming the Centre.