FE Bureau

Income schemes see outflows for sixth consecutive month, redemption at Rs 37,642 crore

Income schemes continued to witness outflows for the sixth consecutive month in October, when redemption stood at Rs 37,642 crore.

Markets News

Sabarimala: Supreme Court agrees to hear review petitions on January 22

The Supreme Court on Tuesday agreed to hear in open court 49 review petitions challenging its September verdict allowing entry of women of all ages into the Kerala’s famous Sabarimala temple.

India News

Jet Airways skids on fuel cost, posts Rs 1,297 crore loss in Q2

Fuel costs soar nearly 60% y-o-y, outpacing near 10% rise in revenues

Markets News

Trai says WhatsApp can be regulated

After putting it on the back-burner for the last three years, the Telecom Regulatory Authority of India (Trai) on Monday finally came out with a consultation paper examining whether over-the-top players (OTT) like WhatsApp ca

Industry News

RBI vs Government INSIDE STORY: Here’s what led to souring ties

While the questions of the Reserve Bank of India's 'excess' or 'optimal' reserves are vexed ones, the government has reasons to feel the central bank is warier than it ought to be.

Economy News

SC says Sarda Mines guilty of illegal mining in Odisha

Holding Sarda Mines (SMPL) guilty of illegal mining in Odisha, the Supreme Court on Monday said that an environmental clearance granted to it cannot be applied retrospectively and any mining done prior to obtaining the enviro

Industry News

PNB Housing Finance obtains refinance sanction of Rs 3,500 crore from NHB

The refinance facility will help PNBHFL boost liquidity as well as improve its asset-liability profile.

Industry News

M&A, PE deal volumes rise 11% in October; values increase marginally: GrantThornton

The sector also saw Oyo Rooms entering the unicorn club with $1 billion funding, which includes a commitment of an additional $200 million.

Markets News

IL&FS crisis aftermath: Steps for asset monetisation initiated

Announcement means an agreement struck in June by IL&FS’ erstwhile board to sell ISSL to IndusInd Bank is nullified.

Banking & Finance News

NCLAT to hear Centre’s plea on immunity to IL&FS board Tuesday

The plea was initially rejected by the Mumbai bench of the National Company Law Tribunal.

Economy News

Private equity or venture capital investments aggregate to $25.2 billion so far in 2018: EY

The largest deal in Oct saw Warburg Pincus, Temasek, SoftBank and a few other investors investing $1.3 bn in Bharti Airtel’s Africa business for a 28.4% stake.

Markets News

PwC India to invest Rs 100 crore on developing digital solutions for emerging technologies

PwC India on Monday said it will invest `100 crore on developing digital solutions as it aims to unlock new value for clients by exploiting the potential presented by emerging technologies.

Industry News

Aurobindo Pharma net down 22% at Rs 611 crore

Aurobindo Pharma has reported a net profit of Rs 611.4 crore as against Rs 781.1 crore in the corresponding period due to higher costs and expenditure. Revenue from operations stood at Rs 4,751.4 crore, a growth of 7.1% over

Markets News

Royal Enfield strike called off, workers resume duty

The 50-day-old strike at Royal Enfield manufacturing factory situated at Oragadam near here has been called off. Sources in the know confirmed that the striking workers, numbering into more than 650 are expected to resume the

Industry News

Gopal Vittal, Mathew Oommen appointed GSMA Board members

Bharti Airtel's managing director and CEO for India and South Asia, Gopal Vittal and Reliance Jio’s president, Mathew Oommen have been appointed as members to the Board of the global telecom industry body, GSMA for the 2019

Industry News

Bond yield rises 4 bps to 7.80%, banking system liquidity under pressure

Banking system liquidity was pressured by continued intervention in the forex market to stem rupee depreciation and a mismatch in assets and liabilities of NBFCs.

Markets News

BoI Q2 loss at rs 1,156 crore as provisions jump 71%

Net interest income rose 15% y-o-y to Rs 2,927 crore, and the net interest margin, a key profitability ratio, stood at 2.27% in Q2, up 28 basis points on a sequential basis

Markets News

UCO Bank posts net loss of Rs 1,136 crore

Public sector lender UCO Bank on Monday reported a net loss of Rs 1,136.44 crore for the quarter ended September, against a net loss of Rs 622.56 crore in the same period a year ago, as its provision to cover bad loans increa

Markets News

Avenue Capital to pick up 27% in Arcil

US-based Avenue Capital will pick up a 27% stake in Asset Reconstruction Company India (Arcil) for an unspecified amount, as existing investors IDFC Bank, Ashmore Capital, FirstRand Bank, Barclays, Singapore's GIC and Karur V

Markets News

OMCs’ shares fall as OPEC talks of output reduction

Indications from the OPEC that it would cut the output of crude oil by 1 million barrels per day starting January sent stocks of oil marketing companies (Indian Oil, BPCL and HPCL) crashing on Monday and brokerages downgraded

Markets News

ADNOC looks to explore crude storage in Karnataka

A week after the Cabinet approved filling the underground strategic oil reserve at Padur in Karnataka by foreign oil companies, Abu Dhabi National Oil Co (ADNOC) on Monday signed an initial agreement with Indian Strategic Pet


Hyundai India commits Rs 7,000-crore fresh investment in Tamil Nadu

Hyundai Motor India Limited (HMIL) will be making an investment of Rs 7,000 crore at its Chennai plant — for increasing the production capacity by 100,000 units per annum as well making 10 new models between now and 2025, i

Industry News

Government followed due process in Rafale deal: Centre to Supreme Court

The Narendra Modi government on Monday told the Supreme Court that it has followed the due process in procurement of 36 Rafale fighter jets from France’s Dassault at Rs 59,000 crore.

India News

Q2 results review: Elusive pricing power

The second-quarter results show companies lack pricing power in an environment where demand is weak and competitive pressures are intense.

power, power sector, power industry News

Boosting growth: Arun Jaitley says strengthening banks immediate priority

Jaitley’s statement comes ahead of a much-watched RBI board meet on November 19, where the RBI top management and the government are likely to take divergent positions on a host of issues.

Finance Minister Arun Jaitley , economy, growth banking sector, gdp News

In The News

Zee Network’s Deepak Rajyadhakshya has joined as head of Colors Marathi and Raj Kannan as head of programming for Colors Tamil.

Viacom18, zee group, ndtv News

Around the World

Disney+ will showcase the studio’s past titles and original series, including new content from the Marvel and Star Wars franchises.

google, disney, netflix News
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