Cholamandalam Investment and Finance Company (Chola), the financial services arm of the Murugappa Group, on Tuesday reported a 49.5% rise in its net profit at Rs 305 crore for the second quarter against Rs 204 crore in the sa
Nearly 20 sugar factories in the state still owe farmers Fair and Remunerative Price (FRP) dues to the tune of `125 crore and their crushing licenses for the season of 2018-19 have been withheld by the State Sugar Commissione
Demand-supply fundamental along with other factors do not favour a recovery in natural rubber (NR) prices during 2019, Jom Jacob, senior economist of Association of Natural Rubber Producing Countries (ANRPC) said here on Tues
The Ruias, who have offered to pay `54,389 crore to clear their dues to the lenders of Essar Steel, are likely to challenge the resolution plan submitted by ArcelorMittal, persons close to the Ruias confirmed to FE.
India and Japan on Monday signed a pact to raise the scope of a bilateral currency swap arrangement to a record $75 billion, aimed at bringing in greater stability in the foreign exchange and capital markets, amid a slide in
As part of its strategy to become a pan-India player and to cash in on the expected strong revival in cement demand, south India's leading cement player India Cements has announced that it will be acquiring Springway Mining,
On April 26, 2018, the Bombay High Court had stayed the income tax department notices to six Tata Trusts to show cause as to why their registration, under Section 12A of the Income Tax Act, should not be cancelled.
Union Bank of India on Monday reported a surprise net profit of `139 crore for the September quarter of FY19 on lower provisioning for bad loans. The bank had reported a net loss of `1,531 crore in the corresponding period of
HDFC Asset Management Company (AMC) posted a 15% increase in its net profit at `205.9 crore for the three months ended September on the back of similar growth in revenues. Revenue of HDFC AMC for the quarter rose 13% to `515.
State Bank of India (SBI) on Monday said it has signed an agreement with Japan’s Hitachi Payment Services to sell a 26% stake in subsidiary SBI Payment Services and form a joint venture (JV) for a card acceptance and digita
Solicitor General Tushar Mehta, who appeared for the UP government before a bench of Chief Justice of India Ranjan Gogoi and Justices S K Kaul and K M Joseph, said it was over a hundred-year-old dispute and should be accorded
When Prime Minister Narendra Modi launched PMKSY in July 2015 and set the target to complete the 99 projects by December 2019, the total cost was estimated at Rs 77,595 crore, including Rs 29,000 crore for command area develo
Payout after an accident depends upon the kind of injury one suffers: If an accident causes death, the claim payout would be 100% of the sum insured, and for permanent partial disability, it could be up to 75% of the sum assu