FE Bureau

Govt crosses budget target for disinvestment, courtesy ETFs

On Friday, it mopped up Rs 10k cr from CPSE ETF and Rs 14.5k cr via PFC-REC deal.

Economy News

PFC plans to pay govt Rs 14,500 crore for stake in REC

In Icra’s opinion, the proposed acquisition by PFC is likely to impact its capitalisation profile adversely.

Industry News

GVK buys 10% stake in Mumbai Airport for Rs 924 crore, raises stake to 74%

The AAI, which holds 26% stake in MIAL,will be the only other JV partner after acquiring stake from Bidvest and ACSA by GVK arm in the Mumbai airport company.

Industry News

Essar to start shale activity in Raniganj by drilling 20 pilot wells

Exploration of shale gas and development of CBM blocks have a potential to produce 8.5 million metric standard cubic metre per day (mmscmd) of gas from five-six CBM blocks in India.

Industry News

Going global! Royal Enfield to set up first overseas plant in Thailand

Thailand was one of the first markets in Southeast Asia for Royal Enfield’s new Interceptor 650 and Continental GT 650 Twins, based on an all-new parallel twin engine platform.

royal enfield, royal enfield plant, royal enfield plant in india, royal enfield plant outside india, royal enfield plant thailand News

Explained: India’s exports and challenges ahead

Trade deficit is expected to rise as exports could slow further owing to weak global demand.

Opinion News

India’s forex reserves up by $3.6 billion to $405.6 billion

The increase in foreign reserves could partly be attributed to rising investments by foreign investors in the Indian capital markets.

india forex reserves, india forex reserves 2019, india forex reserves latest News

NSE arm acquires global cybersecurity firm Aujas

Aujas, founded in 2008, provides information security consulting and IT risk management services with operations in India, the West Asia and North America.

Industry News

Here’s what govt plans to fight rubber shortage

Project Saamrath targets to up-skill 10 lakh people involved in rubber sector by 2020.

Industry News

PFC board to meet next week to consider market borrowing proposal

Both PFC and REC are currently on a rating watch because of the acquisition.

Industry News

After Hours: Ajay Bakaya, Managing Director, Sarovar Hotels and Resorts

"I travel two weeks a month, mostly in short sprints. Catching up with work starts at 7.30 am when travelling, or at 8.45 am when in office, followed by a big breakfast," said Ajay Bakaya.

After Hours, Ajay Bakaya, Sarovar Hotels and Resorts, economic events, Giant Carbon bicycle, Zero Halliburton gangster briefcase, brandWagon News

CFO Jury 2019: The Jury is in, the countdown to FE CFO Awards begins

The jurors assessed how the companies had managed the cost of capital, and whether they had been criticised by rating agencies.

Industry News

FPI inflows touch $4.6 bn

FPIs continue to be buyers in Indian markets in March with inflows of Rs 2.9 billion in equity markets and Rs 1.7 billion towards the bond markets.

FPI inflows touch $4.6 bn News

Rights issue: Vodafone Idea board okays price of Rs 12.50 per share

The board of directors of Vodafone Idea on Wednesday cleared the planned Rs 25,000-crore rights issue at a price of `12.50 per equity share, a steep 61% discount to the prevailing market rate.

Rights issue: Vodafone Idea board okays price of Rs 12.50 per share News

Mindtree defers share buyback plan amid L&T takeover bid

IT services firm Mindtree, which is resisting a Rs 10,700-crore takeover bid from Larsen and Toubro (L&T) on Wednesday adjourned its board meeting convened to consider a share buyback, to a future date.

Mindtree defers share buyback plan amid L&T takeover bid News

Jobless in India? IT sector created 8.73 lakh jobs in five years: Ravi Shankar Prasad

As Congress and other Opposition parties are raking up the issue of job losses, electronics and IT minister Ravi Shankar Prasad on Wednesday said that in the past five years, 8.73 lakh new jobs have been created in the IT sec

8.73 lakh jobs created in IT sector in five years: Ravi Shankar Prasad News

Religare Finvest a victim of events: Company to Sebi

Religare Finvest (RFL) has represented to the Securities and Exchange Board of India (Sebi) that it is a victim of events which took place when the Singh brothers, Malvinder and Shivinder, were in control of the company.

Religare Finvest a victim of events: Company to Sebi News

Suzuki and Toyota extend alliance to develop electric vehicles for India

Japanese carmakers Suzuki and Toyota have extended their alliance, as part of which both the companies will share more models, jointly develop hybrid and electric vehicles for India and the global markets, besides exchanging

With India in focus, Suzuki and Toyota deepen alliance News

Commercial real estate space is witnessing a reduction in vacancy levels

The commercial real estate space is witnessing a reduction in vacancy levels, rental appreciation and consolidation, with just eight to nine large developers dominating the market, Care ratings agency has said in its report.

Commercial realty sees reduction in vacancy levels, says Care report News

Setback to Maran brothers! Plea to quash charges in telephone exchange case rejected

In its charges, CBI had alleged a loss of Rs 1.78 crore to the exchequer due to the installation of an illegal telephone exchange at Dayanidhi Maran's house, which was used for Sun TV operations, when Dayanidhi Maran was Unio

Marans’ plea to quash charges in telephone exchange case rejected News

SpiceJet, IndiGo stocks rise, Jet Air down 4.8 per cent

Share prices of SpiceJet and InterGlobe Aviation, the operator of India’s largest airline IndiGo, soared on Wednesday amid hopes that the two could benefit amid the ongoing financial woes suffered by Jet Airways.

SpiceJet, IndiGo stocks rise, Jet Air down 4.8% News

How insurance companies fared in the last 10 months

Gross direct premium collection of non-life insurance companies grew 13.43% between April 2018 and February 2019. General insurers received premiums of Rs 1.52 lakh crore during the period, against Rs 1.34 lakh crore in the p

Non-life insurers’ gross premium collection up 13% News

Private banks maintain credit growth of 20% for 5th straight quarter

The credit growth of private banks in the third quarter of the current fiscal was at 22% year-on-year (y-o-y), which remained over 20% for the fifth consecutive quarter. However, the credit growth of the public sector banks r

Private banks maintain credit growth of 20% for 5th straight quarter News

IBM wants to put spotlight on coders making real difference in the world

IBM, in cooperation with the ministry of electronics and IT and Nasscom, has introduced a unique multi-year programme that promotes open technology initiatives and highlights importance of India’s growing developer ecosyste

Bob Lord, IBM senior vice president, Cognitive Applications and Developer Ecosystems News

Takeover tussle: L&T’s takeover bid fails to unsettle Mindtree

Engineering major says proposal not a hostile takeover; Mindtree says cultures of the two firms don’t match

Takeover tussle: L&T's take over move fails to unsettle Mindtree News

RIL crosses $125 bn in mcap

Reliance Industries (RIL) has surpassed the $125-billion mark in market capitalisation, becoming the first Indian firm to do so.

RIL crosses $125 bn in mcap News

Jet Airways staring at imminent crash as pilots threaten strike from April 1

The schedule was arrived at after a review meeting was held between the DGCA and Jet Airways officials in New Delhi. According to the assessment made by the aviation regulator, the airline has only 41 aircraft of its original

Industry News
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