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Interestingly, the promoters of Emami Group have more than adequate pool of diverse assets of value.

Emami Q1 profit up 48 per cent to Rs 39 crore

The company had reported a profit of Rs 26.46 crore in April-June a year ago.

8 Aug 2019 1:22 PM IST

Affle India scrip made a robust debut as it opened the day at Rs 929.90, a huge gain of 24.81 per cent from its issue price on the BSE. It later jumped 28.63 per cent to Rs 958.30.

Affle India shares mark remarkable debut; jump nearly 25 per cent

The Rs 459-crore initial public offer of Affle India was a huge hit among investors as it was subscribed 86.49 times...

8 Aug 2019 1:09 PM IST

JSPL says it has supplied 150,000 tonnes of rail to Iran since 2016, did not respond to a request for immediate comment. (Representational Image)

JSPL denies payment defaults; says business as usual

The company said all speculations/rumours with respect to payment default are 'baseless and false in nature'.

8 Aug 2019 12:52 PM IST

More than 2,700 flights have now been cancelled since the start of the walkout, causing travel disruptions for over 345,000 passengers, Lufthansa said in a statement. (Photo: AP)

Lufthansa to launch new flight between Bengaluru and Munich

5 times weekly flight to be operated by state of the art A350-900.

8 Aug 2019 8:57 AM IST

NDTV founder Prannoy Roy. (Photo: Twitter | ANI)

SAT upholds Rs 2 crore fine on NDTV for disclosure lapses

It also upheld Rs 19 lakh penalty on the company as well as three officials, including promoters Pranoy Roy and Radhika...

7 Aug 2019 7:05 PM IST

Anand Mahindra.

'Cut taxes or rollback cess as auto gloom deepens': Anand Mahindra

As many as 3.50 lakh jobs have reportedly been lost in the auto industry since the start of the fiscal.

7 Aug 2019 6:54 PM IST

Representational image of an Indigo aircraft.

Gangwal's fear Bhatia group could push questionable decisions does no...

The differences between the two promoters came into the public after Rakesh Gangwal had sought Sebi's intervention.

7 Aug 2019 6:04 PM IST

Domestic car sales also ticked up to 1,72,623 units as against 1,64,559 in February last year, up 4.9 per cent.

Auto industry seeks stimulus package from government

In a meeting with Finance Minister, industry representatives drew attention to challenges faced by the auto industry.

7 Aug 2019 5:09 PM IST

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

SBI lowers lending rates by 15 bps from August 10

The new one-year MCLR or the marginal cost based lending rates will come down to 8.25 per cent from 8.40 pc annum.

7 Aug 2019 2:45 PM IST

Huaweis revenue grew 19.5 percent 721.2 billion yuan last year, in line with what it had earlier flagged. (Photo: AP)

China warns India of 'reverse sanctions' if Huawei is blocked: sources

Minister Ravi Shankar Prasad told parliament that six proposals have been received for 5G trials, including from Huawei.

7 Aug 2019 12:34 PM IST

Kumar Sudarsan, co-founder and CEO, Qwikcilver has joined the Pine Labs leadership team.

Pine Labs now enables EMI on credit, debit cards across 85,000...

Pine Labs already powers debit EMI for Axis Bank, ICICI Bank, SBI and HDFC Bank customers.

7 Aug 2019 9:53 AM IST

DHFL stock plunged more than 3.5 per cent on Tuesday on reports that the MHA had issued a lookout notice against the promoters of the company over non-existent shell companies.

No haircuts to any creditors: DHFL's resolution plan

The committee also approved submission of the draft resolution plan to the lenders of the company.

7 Aug 2019 9:05 AM IST