InterGlobe Aviation, the parent company of IndiGo, has decided to expand its Board of Directors up to 10 members and the expanded board will have four independent directors. The decision comes on the backdrop of the recent feud between co-promoters Rakesh Gangwal and Rahul Bhatia, over issues of corporate governance....
The recent floods in Nepal have caused extensive destruction and caused the deaths of at least 90 people. For rehabilitation and reconstruction, officials have estimated that around Rs 220 million will be needed. The floods and landslides caused massive destruction especially in eastern ...
Despite banking restrictions put in place by the Reserve Bank of India, the country has not put any blanket ban on trading in cryptocurrencies yet, the government has clarified. Responding to questions in the Rajya Sabha on whether the government has...
The sixth tranche of Central Public Sector Enterprise (CPSE) Exchange Traded Fund (ETF) was subscribed 5 times on Friday, even as the government exercised the greenshoe option to raise Rs 11,500 crore and the institutional and retail investors put in bids worth Rs 40,000 crore....
Indias push towards further strengthening the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) fits well with the objective of Indian economic growth. Growth of the economic region surrounding India, with India taking the lead is critical. The "Economic Cooperation"...
The US dollar strengthened against its major rivals on Friday amid a slew of economic data. In late New York trading, the euro fell to $1.1219 from $1.1266 in the previous session, and the British pound decreased to $1.2499 from $1.2538 in the ...
US stocks traded mixed on Friday as investors digested earnings reports of several Dow component companies. The Dow Jones Industrial Average rose 42.16 points, or 0.15 per cent, to 27,265.13. The S&P 500 was down 2.12 points, or 0.07 per cent, to 2,992.99, ...
Construction of ground plus one floor house in an area up to 75 square yards in Telangana's urban areas will no longer require permissions from local bodies, providing a big relief to urban poor. Under Telangana Municipalities Act, 2019 such houses will be registered for a ...
The government's Budget 2019-20 lays out a long-term vision but the message it gives to the larger investment community is rather regressive, veteran investor Porinju Veliyath has said. In a letter written to the investor community on Thursday, Veliyath, who runs a...
The sixth tranche of Central Public Sector Enterprise (CPSE) Exchange Traded Fund (ETF) opens and closes for retail investors on Friday. The issue opened and closed for Anchor Investors on Thursday, when the CPSE ETF Further Fund Offer or FFO 5 anchor book was oversubscribed 8.33 times. Reliance ...
