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  Business   Companies  12 Jun 2019

Business, Companies, 12 Jun 2019

Ex-CEO of IL&FS arm helped Fitch official buy villa, says probe report

In a statement on Wednesday, a Fitch Group spokesperson said it is probing the matter.

12 Jun 2019 7:07 PM

Power Finance Corporation raises USD 1 bn from global market

PFC finances power sector projects and its main source of revenue is interest income on loans.

12 Jun 2019 5:37 PM

Reliance Capital, Reliance Home Finance shares tumble up to 7 pc

PWC has put in its resignation, with effect from June 11, citing unsatisfactory response to 'certain observations' made by it.

12 Jun 2019 5:29 PM

IDBI Bank cuts MCLR by 5-10 bps across various tenors

The lender has reduced its one-year MCLR or the minimum lending rate to 8.95 per cent.

12 Jun 2019 3:39 PM

Over Rs 2.05 lakh cr frauds in 11 years: ICICI Bank, SBI and HDFC among top victims

SBI reported 6,793 fraud cases involving Rs 23,734.74 crore followed by HDFC which recorded 2,497 cases involving Rs 1,200.79 crore

12 Jun 2019 3:12 PM


Reliance, BP to develop deepest gas discovery in KG-D6 block by 2022

These projects together, when fully developed, will bring about 1 billion cubic feet a day of new domestic gas onstream.

12 Jun 2019 1:53 PM

Government planning new labour legislation by merging 44 laws under 4 categories

The proposed new labour law will help investors and is expected to accelerate growth, said an official.

12 Jun 2019 1:38 PM

Paytm to invest Rs 250 crore to expand Paytm QR

Paytm expects to reach more than 20 million merchants across India by the end of this fiscal.

12 Jun 2019 12:38 PM

Mindtree independent directors say L&T's offer price at Rs 980/share is reasonable

Mindtree shares closed at Rs 975.50 a piece on NSE and Rs 974.65 a share on BSE.

12 Jun 2019 12:22 PM

PWC resigns as statutory auditor of Reliance Capital and Reliance Home Finance

Both Reliance Capital and Reliance Home Finance said they do not agree with the reasons given by PWC.

12 Jun 2019 11:55 AM


Indiabulls moves SC for listing of plea against it alleging misappropriation of funds

Indiabulls Housing Finance Ltd has incurred loss of around Rs 7,000 crore of its market share.

12 Jun 2019 11:46 AM

Indian Oil issues tender for short-term lease of LNG storage tank

The terminal worth 51.5 billion rupees is India’s fifth, and the first to be located on the east coast in south India.

12 Jun 2019 10:25 AM

Dash for growth at yoga guru Baba Ramdev's company Patanjali leads to stumbles

The company says its rapid expansion did bring some teething problems, but that they had been overcome.

12 Jun 2019 9:10 AM

DHFL makes Rs 962 crore payment towards NCDs, to seek ratings upgrade

The company has made interest payments in lieu of Rs 961.95 crores as committed to its debenture holders.

12 Jun 2019 8:58 AM

N Chandrasekaran says Tata Global needs a large portfolio

In the FMCG segment, we need a large portfolio. We cannot just be a single tea player and depend on it to attain scale.

12 Jun 2019 2:34 AM


DHFL clears Rs 961 crore interest on NCDs

The company has made interest payments in lieu of Rs 961 crore as committed to its debenture holders.

12 Jun 2019 2:23 AM

Moody’s puts Yes Bank under rating review

The move comes a day before the bank’s annual general meeting scheduled on Wednesday.

12 Jun 2019 2:20 AM