Punjab National Bank International Limited (PNBIL) has logged a big win in a UK High Court in its pursuit of around USD 22 million in unpaid loans, setting a precedent for other enforcement cases brought by Indian banks against promoters or guarantors in English courts.
The government may fund specific research projects in responsible Artificial Intelligence and introduce ethics of AI into the university curriculum as the new-age technology is expected to boost India's annual growth rate by 1.3 per cent by 2035, according to a discussion paper by Niti Aayog.
Telecom operator Bharti Airtel on Wednesday reported substantial widening of losses to Rs 15,933 crore for June quarter, mainly on account of provisioning for statutory dues. The loss for the corresponding period last year stood at Rs 2,866 crore.
Bharti Enterprises currently owns 51 per cent stake in Bharti AXA General Insurance, while French insurer AXA has 49 per cent.
In a relief to listed companies amid the pandemic, the Securities and Exchange Board of India (SEBI) has extended the timeline for submission of financial results for the quarter ended June, till September 15.
Reliance Industries Limited has been unstoppable in recent weeks as the corporate behemoth has attracted huge investments from world-over. On Wednesday, RIL shares declined by 4 per cent after eight-day rally.
InterGlobe Aviation on Wednesday reported a net loss of Rs 2,844.3 crore for the three months ended June as disruptions due to the coronavirus pandemic significantly impacted the airline.
Hyundai Motor India Ltd (HMIL) on Wednesday said it has received over 55,000 bookings for the recently launched all new version of Creta.
Equity benchmark Sensex plunged 422 points on Wednesday as profit-booking emerged in index heavyweights Reliance Industries and HDFC Bank.
Maruti Suzuki India, the country's largest carmaker by market share, on Wednesday reported its first quarterly loss in more than a decade in the June quarter. Maruti reported net loss of Rs 249.4 crore for the April-June period - its first quarterly loss in at least 15 years.
FMCG major Colgate-Palmolive India Ltd (CPIL) on Wednesday reported a 17.18 per cent increase in net profit at Rs 198.18 crore for the quarter ended June 30, 2020, helped by lower expenses.
Favivir improves treatment accessibility to a significant amount of COVID-19 patient population, which usually sustains mild to moderate symptoms.
Sun Pharmaceutical Industries on Wednesday said that a wholly-owned subsidiary of Taro Pharmaceutical Industries Ltd will acquire Aquinox Pharmaceuticals (Canada) Inc for $8.2 million.
Indian Railways - held as the lifeline of the country- for being the principal mode of transportation in the country has brought massive news that raises hopes of a revival of the pandemic-battered economy.
Private sector lender Yes Bank on Tuesday reported 60 per cent fall in its standalone net profit to Rs 45.44 crore for the first quarter ended June 30.It had posted a net profit of Rs 113.76 crore in the same period a year ago, and Rs 2,629 crore in the preceding March quarter.
Mastercard and Microsoft on Tuesday announced a collaboration to accelerate innovation across digital commerce and startup ecosystems.
In order to save time, Sebi said instead of issuing settlement notice under the regulations, a paragraph will be included in the show cause notice informing the noticee about the option to file a settlement application.
Global digital payment and technology firm Mastercard has committed Rs 250 crore (USD 33 million) to help reboot Indian SMBs and enable business recovery from the impact of COVID-19 pandemic, industry body CAIT said on Tuesday.
Gold prices in the national capital on Tuesday witnessed a fall after rising for the past seven days and declined Rs 187 to Rs 52,846 per 10 gram, in tandem with weak international trends, according to HDFC Securities.
Shares of Tech Mahindra jumped nearly 4 per cent on Tuesday after the company reported a 1.35 per cent rise in June quarter net profit, and said it is targeting to emerge stronger by the end of 2020.
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