Exposure to IL&FS: Government to ask RBI for relief to banks

Public sector banks (PSBs) — already saddled with non-performing assets — will be hit harder than private peers as their capital base could shrink further and force them to turn to the government

rbi, rbi relief to banks, banks News

Single-brand retail: Easier sourcing rule soon for big-ticket FDI

India’s FDI policy has introduced a rather odd distinction between multi-brand and single-brand retailing; now, the policymakers are singling out the biggies in single-brand retailing from the rest

single brand retail, fdi, fdi in retail, News

Jet Airways deal: Goyal eying Rs 200 a share, Etihad looks at Rs 150/share

Contrary to speculation that a restructuring proposal of Jet Airways is hanging because promoter-chairman Naresh Goyal is unwilling to bring down his controlling stake below 51%, sources said that the

jet airways, etihad, jet etihad airways News

Air pocket: Domestic air traffic growth slows down to 12.9% in December

December’s growth was the second-slowest in 16 months; traffic had increased by 12.43% y-o-y in July 2017. Demand for air travel had grown at 11% y-o-y in November, 2018, a 51-month low.

air traffic, air traffic growth, domestic air traffic growth, News

Lenders may re-invite bids for Avantha’s Jhabua Power

The participation of Avantha Group will however depend on the bankers’ valuation of the plant, and at an estimated cost of Rs 3-3.5 crore/MW, it could be valued at Rs 2,100 crore, a source said.

Jhabua Power, avantha Jhabua Power , News

Crisil lowers rating on NCDs of IL&FS subsidiary

JRPICL is a subsidiary of IL&FS Transportation Networks (ITNL), and a part of the debt-laden IL&FS Group that owes banks and other lenders a whopping Rs 91,000 crore.

crisil, il&fs, ncd News

TVS Motors Q3 net rises 16 per cent to Rs 178 crore

TVS Motor on Tuesday reported a 16% year-on-year (y-o-y) rise in its net profit to Rs 178.39 crore for the three months to December, 2018. The growth in the bottom line was driven by 26% year-on-year

tvs, tvs motors, tvs motors q3 News

FMCG spends highest on digital video advertising

Within digital media, digital video is expected to have the fastest growth, with a CAGR of 37%; it is likely to reach Rs 5,545 crore by 2021.

Industry News

NGT order: Vedanta moves SC again on Sterlite Copper issue

The Vedanta group has once again moved the Supreme Court, requesting it to direct the Tamil Nadu Pollution Control Board (TN PCB) to implement the National Green Tribunal (NGT) order at the earliest o

Industry News

Market violations: Raymond calls Sebi notice procedural, technical in nature

According to the Sebi listing obligations and disclosure requirements (LODR) regulations, all the related party transactions require a prior approval from the audit committee of the company.

Industry News

Zensar divesting Australia, West Asia & India businesses

Zensar entered into an agreement with Lorhan IT Services, a wholly-owned subsidiary of First Tek, a US-based information technology services and products company, to divest its Australia, West Asia an

Industry News

Used car marketplace Truebil raises Rs 100 crore in Series-B funding

Pre-owned car marketplace Truebil on Tuesday announced Rs 100 crore in Series-B funding round in a mix of equity and debt. The round was led by Japanese investor Joe Hirao. With this latest round, the

Industry News

Residential realty inventory declines 9.5 per cent in November 2018: Report

The average price realisation in the region inched downwards to Rs 9,630 per sq ft in November 2018 (Rs 9,700 per sq ft in October 2018), led by more low-realisation sales in the Thane region.

Industry News

Omnichannel Strategy: Combining the best of online and offline

Startups such as Perpule and Wagonfly have designed self-checkout systems for offline customers to discover products, access offers and make payments.

Industry News

Huawei chief Liang Hua readdresses espionage concerns at World Economic Forum in Davos

Huawei Chairman Liang Hua said on Tuesday the company would allow foreign officials to visit its labs.

Industry News

Raghuram Rajan says Google-like ‘super star’ firms giving services for free is good; but here is concern

Even as the customers are benefiting from the new age technology firms such as Google providing services at cheap prices, a concern remains in the long-term.

Economy News

RSS affiliate says Flipkart, Amazon circumventing laws, demands robust e-commerce policy

The RSS affiliated SJM has passed a resolution demanding a robust e-commerce policy to protect the interests of small shopkeepers.

Industry News

Reliance Jio v BSNL v Airtel v Vodafone Jio: Your guide to buy the best annual prepaid recharge plan

The new long-validity offer pack by Airtel comes in at the price of Rs 1,699, and it ships unlimited STD, roaming and local calls.

Vodafone Idea merger, Vodafone Idea financial result, Vodafone Idea Q2 result, Vodafone Idea News

Reliance Nippon Life Asset Q3 net profit drops 17 pc to Rs 109 crore

Reliance Nippon Life Asset Management (RNAM), asset manager of Reliance Mutual Fund, Tuesday reported 17 per cent decline in consolidated net profit at Rs 109.52 crore in the three months to December

Industry News

Google says political advertisements to become more transparent ahead of Lok Sabha Elections 2019

Google said its updated election ads policy for India requires advertisers seeking to run poll ads to provide a 'pre-certificate' issued by the Election Commission of India (ECI) or anyone authorised

Industry News

Commerce Ministry seeks stakeholders’ views on report to revive SEZs

The commerce ministry Tuesday said it has sought stakeholders' views on a report submitted by a panel to revive special economic zones (SEZs). A committee headed by Bharat Forge Chairman Baba Kalyani

Economy News

Paytm Mall Republic Day Sale: Grab cashback on iPhones, up to 80% off on these items; check details

Paytm Mall on Tuesday announced ‘Republic Day Sale’ which offers exciting discounts and cashback to the buyers.

Industry News

Facebook, Twitter know everything about you even if you never signed up: Report

Your privacy on Facebook and Twitter may be at risk even if you have never been on social media or have deleted your account, a study suggests.

Industry News

Airtel Rs 1,699 yearly prepaid plan with 365GB data benefit launched to rival Jio

Notably, now Airtel subscribers will be able to enjoy year-long benefits of 1GB daily data for Rs 1,699 only.

Airtel plans, Airtel offers, Airtel best offers, Airtel postpaid plans, Airtel best postpaid plans, Netflix, Amazon Prime News

How Microsoft CEO Satya Nadella wants technology to address key aspects in life

Microsoft CEO Satya Nadella on Tuesday asked world leaders to ensure that technology addresses the challenges facing humanity, including access to education and healthcare.

Industry News

India fast emerging as aviation power, time for Indian airlines to become global: SpiceJet chief

Aviation turbine fuel costs are high, airport costs are on higher side and airfares tend to be lower than the global averages.

Industry News

WhatsApp update: New rule will change the way you chat with friends, family

WhatsApp appears to have served as a conduit for the spread of fake news and provoking messages that have led to lynchings, killings, and more

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