FE Bureau

Essar Steel case: Ruias move again to wrestle firm of IBC; seek to convince NCLT before final orders

Promoters looking to convince NCLT its Rs 54,389-crore proposal should be taken cognizance of by committee of creditors.

Industry News

Tighter-than-global norms hit lending: S Gurumurthy, Independent Director, RBI Board

In what signalled Monday’s much-watched RBI board meet will be a stormy one despite the government toning down the rhetoric of late, RBI board member S Gurumurthy Thursday asserted that India should not go beyond what has b

Economy News

Trade Data: Electronic goods imports robust despite weak rupee

Electronic goods have remained above the $5 billion dollar-mark for the last four months.

Economy News

GST Bengaluru division busts fake invoice racket

The accused had floated several fake companies engaged in trading fake invoices for availing input tax credit by various steel scrap dealers and manufacturers of iron and steel products.

Economy News

Hardeep Puri warns states against tweaking realty law

The minister said Uttar Pradesh, Haryana and Punjab need to take the suitable action to ensure that their state rules are in line with the Rera.

Economy News

Telcos instal 6.34 lakh BTSs, 65,000 mobile towers in last two years

Aiming to meet the unprecedented demand for data, telecom operators installed 6.34 lakh base transreceiver stations (BTSs) and 65,000 mobile towers in the last two years ending November 13, 2018, taking the total BTS count to

Industry News

IL&FS arm defaults on Rs 4.66-crore NCD repayments

IL&FS Energy Development (IEDCL), on Thursday said it has defaulted on interest repayments of rS 4.66 crore on non-convertible debentures (NCD).

RBI Monetary Policy, Bank base rates, MCLR, MCLR system, RBI, Reserve Bank of India  News

Jawa re-enters India with three new bikes

After a gap of two decades, Jawa motorcycles are being launched again by Classic Legends, a subsidiary of Mahindra and Mahindra group.

Industry News

Strike at India Yamaha Motor called off

The 55-day-old workers’ strike at the India Yamaha Motor manufacturing facility near here has been called off and the 700-odd workers, who have been on the warpath, are set to resume their duty on Friday.

Industry News

SBI says there is no liquidity crisis, NBFCs are meeting commitments

The finance ministry will be seeking immediate solutions to the issues of MSME credit and NBFC liquidity in the central bank’s board meeting, sources said .

Markets News

10-year G-Sec yield to trade in 7.6-8% range till December: Report

The yield on the benchmark bond on Thursday rose to 7.76%, up two basis points over the previous close of 7.74% on Wednesday.

Markets News

Icra downgrades IDFC Bank’s NCD programme

Rating agency ICRA has downgraded the long-term rating for the Rs 41,711.30 -crore non-convertible debenture (NCD) programme of IDFC Bank to AA+ from AAA.

Markets News

Mutual Funds wary of slowdown if equity markets stay volatile

In spite of a steady upward trend witnessed by systematic investment plans (SIPs) in the past few months, the mutual fund industry is cautious that the flows might slow down if the equity markets continue to remain volatile o

Markets News

Tur and chana farmers in Maharashtra to get Rs 480-crore grant

The government has decided to give an endowment of `1,000 per quintal. Farmers shall receive grants for a maximum of 2 hectares.

Commodities News

JM Financial NCD issue on Tuesday

The proposed secured non-convertible debentures (NCDs) offered by JM Financial Credit Solutions come at a time when the real estate market is facing a liquidity squeeze.

Markets News

Vodafone Idea Q2 net loss at Rs 4,974 crore, company looking at raising Rs 25,000 crore; to sell its optic fibre network

The company said the figures for revenue, Ebitda and key performance indicators for Q1 and Q2 FY19 are pro-forma figures and presented as if Vodafone Idea was a merged entity from April 1, 2018.

Industry News

Outlook on Tata Motors negative from stable: Moody’s

Moody’s on Wednesday revised its outlook on Tata Motors (TML) to negative from stable given the continuing weak performance of its passenger vehicles subsidiary JLR — Jaguar Land Rover — and the firm’s two consecutive

Markets News

Demonetisation: 80,000 being chased by I-T for large cash deposits

The income-tax department (I-T) is ‘chasing’ 80,000 persons who had deposited cash during demonetisation period which didn’t match their income profile, chairman of central board of direct taxes (CBDT) Sushil Chandra sa

Economy News

RBI Board meet: Finance Ministry keen on boosting MSME credit, NBFC liquidity

Not to press higher surplus transfer by RBI for now.

Economy News

Ethanol producers seek concessions on PESO licences

Ethanol producers across the country are a worried lot with the the National Green Tribunal ( NGT) making Petroleum and Explosives Safety Organisation (PESO) licenses mandatory for the manufacturers.

Industry News

SpiceJet posts Rs 389-crore loss in September quarter on high fuel cost, Rupee fall

SpiceJet CMD Ajay Singh hinted that a rise in airfares could improve the airline’s financials.

Markets News

Tata Power unit signs agreement to buy 75% stake in 1,980-MW Bara power plant

Tata Power on Wednesday said Renascent Power Ventures, a wholly owned subsidiary of Resurgent Power Ventures, has signed a share purchase agreement with a consortium of lenders led by State Bank of India (SBI) to acquire a 75

Markets News

Apollo Hospitals rejigs pharmacy business with eye on FDI

In order to capitalise on the huge growth opportunity and to give greater focus, Apollo Hospitals Enterprise Limited (AHEL) on Wednesday announced the restructuring of its pharmacy business.

Industry News

OMO by RBI fails to boost banking liquidity

The banking system liquidity deficit continued for the fifth consecutive week despite the central bank making open market operations (OMO) purchases to the tune of `58,000 crore in the previous six weeks.

Markets News

Life insurers’APE grows 10% in October

The annualised premium equivalent (APE) of life insurance companies grew 10% year-on-year to `5,741 crore in October.

life insurance, insurance, insurance policy, insurance plans, insurance companies, insurance maturity News

In 8th straight loss, IDBI Bank posts Rs 3,602-crore Q2 loss as provisions surge

IDBI Bank on Wednesday reported a loss of Rs 3,602.49 crore for the quarter ended September, its eighth consecutive quarterly loss.

Markets News

Government’s import bill down Rs 8,000 crore on domestic steel procurement policy

The government has been able to save Rs 8,000 crore worth of import bill ever since it has promulgated the policy of preference to domestic steel producers in the case of PSU procurement.

Markets News
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