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Industry

US airline group sees record summer travel, despite Boeing’s 737 MAX grounding

Airlines are adding 111,000 seats daily to accommodate the extra 93,000 passengers expected per day, the group said, in what it forecast will be the 10th consecutive summer of increases in the number

Boeing, Boeing 737 MAX, Boeing 737 MAX grounding, US airline group, Airlines for America, US airlines, MAX groundings News

Fall in housing finance companies’ loan growth can have spillover effects

The deceleration in loan disbursements by housing finance companies (HFCs) could have a spillover impact on both retail home loan borrowers and property developers, according to India Ratings and Rese

The housing finance sector has been facing challenges, which have led to contraction in spreads, a rise in funding cost and an increased spotlight on their asset-liability mismatches. (Representational image) News

Huawei founder Ren Zhengfei says US underestimates company

The move could have dramatic implications for Huawei smartphone users, as the telecoms giant will no longer have access to Google's proprietary services -- which include the Gmail and Google Maps apps

Huawei founder, Ren Zhengfei, Donald Trump,  5G technology, Google, Google Maps apps, United States, latest huawei News

Worry over slippages: Private banks’ provisions rise 13% in FY19

Banks may be apprehending larger slippages in the quarters ahead, with provisions made by a clutch of private sector banks during FY19 rising nearly 13% year-on-year (y-o-y), even as the value of gros

The value of provisions made by the 16 private sector banks that have so far reported their March quarter results stood at Rs 54,447 crore in FY19 News

Lenders seek bids for Coastal Energen with more than Rs 7,000 crore in debt

The State Bank of India (SBI)-led consortium of lenders to Coastal Energen, which owes them Rs 8,176 crore, on Monday sought bids for the stressed power plant from companies, funds and private equity

Lenders seek bids for Coastal Energen with more than Rs 7,000 crore in debt News

Amul hikes milk prices by Rs 2 per litre

The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the brand name Amul, on Monday decided to hike milk prices by Rs 2 per litre of all six brands being sold

Amul hikes milk prices by Rs 2 per litre News

Everyone loves a comeback, and Audi will be back: Rahil Ansari, head, Audi India | Interview

After having lost its pole position in the Indian market, German luxury carmaker Audi has carved out its growth strategy to maintain profitability.

Rahil Ansari, head, Audi India News

SC seeks IL&FS Fin Services ex-director’s response on pleas by govt, IL&FS

The Supreme Court on Monday sought response from IL&FS Financial Services’ former vice-president and director Hari Shankaran on the pleas by the government and Infrastructure Leasing and Financial S

At present, IL&FS group companies, with a collective debt of over Rs 90,000 crore, are going through resolution process. News

Flash Electronics sues Royal Enfield in US for patent violation

As per the complaint, Royal Enfield had first sought to buy regulator-rectifiers from Flash, but when the parties could not agree on the price, the company secretly reverse-engineered its products and

The complaint has been filed against Royal Enfield and its arm Royal Enfield North America. News

Tata Motors reports first quarterly profit for FY19 at Rs 1,109 crore

Reporting its first profit for financial year 2018-2019, Tata Motors on Monday recorded a consolidated net profit of Rs 1,108.86 crore for the three months of January-March 2019.

Tata Motors reports first quarterly profit for FY19 at Rs 1,109 crore News

Essar Steel case: Will pay Rs 42k crore for the takeover, ArcelorMittal tells NCLAT

Only for accounting purposes, we say Rs 2,500 crore as working capital. It is an accounting thing,” senior counsel Harish Salve, appearing on behalf of ArcelorMittal, said.

The company also accused the former promoters of Essar Steel — the Ruias — of creating hurdles in the resolution process of the bankrupt steelmaker News

Reliance Industries overtakes Indian Oil to become largest company by revenue

The Mukesh Ambani-led Reliance Industries (RIL), which was about half the size of Indian Oil Corporation (IOC) till nearly 11 years ago, has displaced the public sector refiner as the biggest company

While the net revenue of RIL surged by 44.8% in FY19 to Rs 5.67 lakh crore, the revenues of IOC rose by 28.03% during the year to Rs 5.28 lakh crore — Rs 38,986 crore less than that of RIL, Bloomberg data show News

Runwal Group, Warburg Pincus form JV for retail mall platform

Runwal group on Monday signed a joint venture deal with an affiliate of global private equity firm Warburg Pincus to launch a retail mall platform across tier 1, tier 2 and tier 3 cities in India.

This investment would mark the first mall asset being backed by Warburg in India. News

HPCL net jumps 70% on inventory gains and rupee appreciation

The net profit of the oil marketing company for the quarter under review stood at Rs 2,970 crore against Rs 1,748 crore in the same period a year ago.

The oil marketing company's inventory gain was `916 crore during Q4 of FY19 compared with Rs 157 crore a year ago News

Black money law: Govt moves SC against stay on proceedings against Khaitan

Khaitan argued that the amendment to Section 1(3) to state that the Act would come into force from July 1, 2015, instead of April 1, 2016, was done in exercise of power under Section 86 of the Act.

Black money, Black money law, supreme court, Khaitan,Black Money Act, industry news

WhatsApp, Skype regulatory framework: Trai decision within a month

With the growth of data, OTTs have become partners of telecom operators and therefore, even the telcos are not supporting tough regulations or charging of licence fees etc. but there should be some ki

WhatsApp, Skype, regulatory framework, TRAI, over-the-top, industry news

With IPL finally over, brands line up for the next big thing – ICC World Cup 2019

According to sources, ICC globally has roped in around 20 brands as commercial partners for the World Cup, including some Indian brands like Bira91, Royal Stag, MRF Tyres and Britannia, whereas offici

ICC World Cup 2019, cricket world cup 2019, Brands line, world cup Brands line, general elections, general elections 2019, indian general elections, sports news

Jaypee infratech insolvency: Adani Group bid turned down by CoC

AIDPL is a wholly-owned subsidiary of Adani Properties, which, in turn, is held by the Adani family. It is engaged in real estate and is the holding firm for various real estate special purpose vehicl

Adani Group, Jaypee Infratech, committee of creditors, Adani Infrastructure and Developers’, industry news

Tata Motors Q4 net dips 49% to Rs 1,109 crore; expects tepid demand

The meeting came days after Pakistan Army announced that it would deploy another division-size special force to protect Chinese nationals and projects under the China-Pakistan Economic Corridor.

Tata Motors Q4 Result News

Bank credit to infra sector grows 18.5% in FY19: RBI data

Outstanding bank credit to the sector was Rs 8.91 lakh crore as at March 2018. In the fiscal year ended March 2013, loans to infrastructure sector had grown by 15.83 per cent to Rs 7.29 lakh crore.

From January 2015 to June 2018, there were seven reductions in the repo rate, amounting to 200 bps, and banks' WALR changed by 205 bps during the period News

ICICI Bank to buy stake in BSE subsidiary INX for Rs 31 crore

India International Exchange (INX) - a wholly owned subsidiary of the BSE - is India's first international exchange at International Financial Services Centre (IFSC) in GIFT City.

ICICI Bank launches insta car, two-wheeler loans News

Australian election results bode well for Adani’s coal mine project

Adani Group wants to develop the Carmichael coal deposits in Queensland state, but the plan has been hampered by regulatory delays and difficulty in securing financing aiming fierce environmental resi

Adani Group, Australian election, Australian election results, Adani coal mine, world news, industry news

HPCL Q4 net jumps 70 pc on inventory gains

Net profit in January-March came at Rs 2,970 crore against Rs 1,748 crore in the same period a year back, HPCL Chairman and Managing Director M K Surana told reporters here.

Industry News

Looking for funding? VC fund Endiya Partners to back 16 startups from ‘largest B2B seed fund’; raises first close

Early-stage venture capital (VC) fund Endiya Partners said that it will be making investments in 15-16 startups in the technology, healthcare and select bets in consumer segment from its Fund 2.

Industry News

Telcos rue inadequate checks on competing OTT services, demand ‘same service same rules’

OTT services refer to applications and services that are accessible over the Internet and ride on an operator's network. Skype, Viber, WhatsApp, Facebook and Hike are some of the popular and widely-us

Industry News

TRAI says up to government to take a call on Huawei issue

Last week, the Trump administration had placed Huawei and its affiliates on a blacklist, a move that essentially bans the Chinese firm from purchasing parts and components from American companies with

Industry News

India Inc mum on exit polls; awaits actual results on May 23

Apart from the election results, Shukla had listed US Fed's policy meeting on May 22-23, European Parliament Elections on May 23-26 and PMI (Purchasing Managers' Index) numbers for Japan, the US and E

Ease of Doing Business, AGILE Form, SPICE Form, MCA, Ministry of Corporate Affairs, GSTIN, EPFO, ESIC News
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