State-run lenders currently under the RBI's Prompt Corrective Action (PCA) framework on account of bad loans and heavily loss making banks may not be allowed to buy the pooled retail assets of non-banking finance companies (NBFCs) under the scheme announced in the Budget, official ...
Garment exporter, KPR Mills on Friday became the first company to have withdrawn its buyback proposal due to the 20 per cent tax proposed on buyback obligations in the Finance Bill. The company had proposed a buyback offer( one of the preferred ways of paying ...
Foreign Fund outflow of over Rs 2,000 crore has been witnessed since the Budget proposal as the raised surcharge on the super-rich hit the FPIs and in turn the stock markets. Despite the dovish comments by the Federal Reserve on Wednesday, believed to ...
Accenture on Friday announced the appointment of Julie Sweet, who played an integral role in the company's business and investment strategy, as its new CEO and David Rowland, currently interim CEO, as Executive Chairman. ...
Public sector Bharat Sanchar Nigam Ltd (BSNL) is in the process identifying land parcels all over the country for monetisation, which as per its internal estimate is valued at Rs 20,000 crore in 2018-19. ...
Google Maps on Thursday introduced three new features for Indian users to help them discover local experiences and get recommendations that are personalised for better dining experience, including an "Offers" section to help users find deals and claim them at restaurants in 11 cities....
The two-day second ground breaking ceremony of industrial projects worth Rs 70,000 crore in Uttar Pradesh, will begin in Lucknow on July 28. Union Home Minister Amit Shah will inaugurate the event and Vice President Venkaiah Naidu will preside over the concluding ceremony on July 29....
The Sensex and Nifty opened higher on Thursday after US Federal Reserve Chairman Jerome Powell hinted at a rate cut. Earlier, owing to strong job data from the US had faded hope of an aggressive rate cut. Analysts said that a rate cut was positive for the emerging markets like India....
The Indian Railways which carries over 12 lakh passengers every day, aims to provide four lakh more berths for passengers every day from October when it will adopt the technology to generate power from the locomotives instead of the two power cars, railway officials said on Wednesday....
Gold futures on the COMEX division of the New York Mercantile Exchange rose significantly on Wednesday as US Federal Reserve Chairman Jerome Powell's testimony boosted hopes for interest-rate cuts. In prepared remarks to Congress, Powell said that crosscurrents such as trade...
