On a day when CRISIL downgraded two IL&FS special purpose vehicles and ICRA put six mutual funds on its watch list with negative implications, the government met Uday Kotak and his team and senior officials of Punjab National Bank, Bank of Baroda, Union Bank and Canara Bank on the sensitive issue of provisioning. ...
Sensex and Nifty ended lower on Tuesday in line with global markets over concerns of global growth as the International Monetary Fund (IMF) cut its GDP growth forecasts citing concerns over Sino-US trade tensions. The BSE metal index lost over 2 per cent. Telecom and auto stocks also ...
The world is on the brink of facing mega cyber attacks and the enterprises need to be prepared more than ever before, a top executive of Israel-based cybersecurity solution provider Check Point Software Technologies said here on Tuesday....
The revelation that many Custom Hiring Centres (CHC) are not transferring to farmers in north India the benefits of the subsidy on renting agricultural machinery to avoid burning of post-harvest stubble has forced the government to devise a mechanism to keep a tab on them....
The government on Tuesday called for a faster resolution of the Infrastructure Leasing and Financial Services (IL&FS) crisis as it took stock of the ground covered so far. Economic Affairs Secretary Subhash Chandra Garg held a review meeting with ...
The US will soon make a formal request for the extradition of Huawei's Chief Financial Officer (CFO), who has been accused of helping the firm dodge US sanctions on Iran, according to the Canadian government. "I have been told they (the US Justice Department) will proceed," David ...
Drug major Sun Phrama's shares gained over 5 per cent during Tuesday's morning trade session after clarifications by the company on various issues including its dealing with Suraksha Realty. At 10.48 a.m, its stocks traded at Rs 419.05, up Rs 20.70 or 5.20 per cent from ...
China's economy grew at its slowest pace in almost three decades last year, with the world's second largest economy logging a growth of 6.6 per cent in 2018. After witnessing a sizzling double-digit growth for three decades, the Chinese economy has been on a downturn over the years as the country deals with bad ...
Kotak Mahindra Bank on Monday reported a 22.57 per cent increase in its standalone net profit during the October-December quarter on a year-on-year basis. Its standalone net profit stood at Rs 1,290.93 crore, up from Rs 1,053.21 crore recorded during the third quarter of the financial year 2017-18, the bank said...
Buoyed by the high demand in the Banking, Financial Services and Insurance (BFSI), telecom and manufacturing sectors in India, Cloud major Oracle is set to launch its first-ever data centre in India later this year, a top global executive told IANS on Monday. ...