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 their first shift effective Tuesd
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 2019-2020 term.
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 corresponding period.
While the government has reason to be pleased about the fact that the claims paid to farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY) have risen by around 50%, to Rs 15,181 crore in Kharif 2017 as compared to Rs 10,425 crore in Kharif 2016, what
The USP of liquid funds is that these give stable returns even when the market is volatile. Individual investors use liquid funds for temporary parking of funds, and corporate treasuries use it for its efficiency over bank deposits.
Q2FY19 PAT at Rs 3 bn (up 15.1% y-o-y) was higher than expected primarily due to tax reversal (`8.1 bn); else, the bank would have reported a loss. NII growth was healthy at 17.9% y-o-y (on favourable base) driven by improved loan growth (14.3% y-o-y) and
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 Vysya Bank exit the company.
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 their stocks.
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 Petroleum Reserves (ISPRL), the s
Farmer organisations in Maharashtra are up in arms over the issue of pending Fair and Remunerative Price (FRP) payments to farmers. Farmer body Swabhimani Shetkari Sanghatana claims that several sugar mills have allegedly submitted false reports to the Su
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, including electric vehicles.
Union minister H N Ananth Kumar, who died Monday at the age of 59 after a short, uphill battle with cancer, was never defeated in the six Lok Sabha elections that he contested from the Bengaluru South constituency.
The Central Vigilance Commission (CVC) submitted on Monday its preliminary enquiry report on allegations against CBI director Alok Verma to the Supreme Court which pulled it up for not turning over the report a day earlier.
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 increased.
It cannot be argued that the regulator should dictate the activities of the regulated. If that happens, then the regulator becomes responsible for the performance of the regulated, which should not be the case. No regulator ever tells the regulated to be
The seven-member board, headed by chairman Uday Kotak, also appointed nominee directors for eight of IL&FS' subsidiaries, and had detailed deliberations in relation to the road map ahead, according to a statement.
The (NCLT) has already accepted the MCA’s earlier plea filed last week, seeking immunity for the newly-appointed board of IL&FS from any potential legal action against them by numerous creditors and investors of the company.
The Madras High Court on Friday issued a notice to the management of Yamaha Motors India and the Tamil Nadu labour secretary, asking them to respond to a petition filed by the workers' union, India Yamaha Motor Thozhilalar Sangam.
Chief Justice of India Ranjan Gogoi has banned all judicial officials, from high court judges to judicial officers in subordinate courts, from taking leave on working days—unless, of course, there is an emergency.
State-wise, Maharashtra’s Marathwada region recorded a 20% rainfall deficiency for the season. Madhya Pradesh recorded 12% deficiency, Rayalaseema in Andhra Pradesh recorded 36% deficiency and eastern Rajasthan 23% deficiency.
Speaking at Indian Institute of Technology, Mumbai, he noted that PCA lays out the case for structured early intervention and resolution by regulators for banks that become under-capitalised due to poor asset quality.
The data from Irdai also shows that first year premiums in the current fiscal of life insurance companies surged by 1.1% at Rs 93,079.03 crore as against Rs 92,065.36 crore in the corresponding period last fiscal.
TCS reported an in-line Q2FY19 with revenue growth in constant currency (CC) terms being 3.7% quarter-on-quarter (I-Sec: 4% quarter-on-quarter) and EBIT margin expanding by 150 basis points quarter-on-quarter to 26.5% (I-Sec: 26.5%).
While these stocks have corrected 25–32% in the past three months, we reiterate that organised business services remain under-penetrated in India and, hence, a headcount CAGR expectation of 9–10% over the next six–seven years is realistic.
Delay in arrival, good demand from mills and higher minimum support price (MSP) have ensured that the new cotton season in Gujarat opens with higher prices this year. Cotton prices are about 20% higher as compared to last year (2017-18).
The company, in a statement to the media, added that the I-Pace’s sound was tested by members of Guide Dogs for the Blind, the UK’s leading charity for people affected by sight loss, as part of the testing undertaken by Jaguar.
In a relief to the sugar industry struggling to cope with exorbitant state-fixed cane prices, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday decided to raise the rate of ethanol produced directly from sugarcane juice by 25% from the rate an
The markets were comforted by the possibility the government would in coordination with the Reserve Bank of India (RBI) take a series of fiscal and monetary measures to ease the pressure on the currency and arrest the rise in bond yields.
While around 46% of the railways’ 66,000-route km are already electrified and work on another 20,000 km is ongoing, the carrier will now also electrify the rest of the 13,675 km at a cost of Rs 12,314 crore.
Even as the Supreme Court hears ArcelorMittal’s appeal against the National Company Law Appellate Tribunal (NCLAT) order relating to its eligibility to bid for bankrupt Essar Steel, rival Numetal also on Wednesday moved the apex court challenging the th
With a view to ramping up production from ageing hydrocarbon fields, the Cabinet on Wednesday approved a policy to incentivise enhanced and improved recovery (ER/IR) methods for oil and gas, and unconventional hydrocarbons (UHCs).
Lack of big ticket transactions led to a decline in merger and acquisitions (M&A) deals which dropped to an eight-month low with August, witnessing just 33 deals aggregating to $0.6 billion, said a dealtracker report by Grant Thornton.
The sudden downgrade of blue-chip infrastructure financier IL&FS has caught the company’s bondholders on tenterhooks who are now looking forward to its board meeting scheduled for September 15, which will be attended by all the company’s major shareho
French utility giant Engie said on Wednesday it has partnered with Paris-based infrastructure equity investor STOA to build a 50-50 joint venture platform to set up more than 2,000 MW of wind power projects in India in the next five years.
The Supreme Court order halting the insolvency and bankruptcy process under the Reserve Bank of India’s (RBI) February circular could allow seven coal-based stressed power projects with generation capacities of 10,190 MW not to use the National Company
The report of the committee on real sector statistics—constituted by the National Statistical Commission, that gave the back series estimates of the GDP—appeared for a brief period on the MoSPI website.