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Jet Airways founder and former chairman Naresh Goyal

Govt orders probe into Jet Airways over alleged mismanagement of funds

The ministry ordered Serious Fraud Investigation Office (SFIO) to carry out the probe, according to a government order...

5 July 2019 3:06 AM

Indian Armys T-90 tanks on display at Rajpath during the 69th Republic Day Parade, in New Delhi on Friday. (Photo: PTI)

Modest rise in Indian military spending likely, modernisation on hold

Government allocated 4.31 trillion rupees (USD 62.27 billion) for defence, a 6.6 per cent rise over the previous year.

4 July 2019 4:33 AM

The Sensex has slid to 33,703 on February 20 a reduction of nearly seven per cent. Among other factors, one development has played its part in this fall: the announcement of the Long-Term Capital Gains (LTCG) tax on equity investments.

CFO optimism on biz environment for Jul-Sep qtr remains unchanged:...

CFO optimism index increased only by 0.6 per cent, on a year-on-year (YoY) basis, to 106.0 during Q3 (July-September)...

21 Aug 2019 9:12 AM

Prime Minister Narendra Modi unveiled a slew of incentives to boost startup businesses, offering them a tax holiday, inspector raj-free regime and capital gains tax exemption as part of the startup action plan.

Horses Stable Season 2 of fundraising to be held this September

After the massive success of Season 1 annual entrepreneur submit, Horses Stable is back with the Season 2 fundraising...

21 Sept 2019 4:57 AM

London firefighters combed through the burned-out public housing tower Thursday in a grim search for missing people as police and the prime minister launched investigations into the deadly inferno, with pressure building on officials to explain the disaster and assure that similar buildings around the country are safe. (Photo: AP)

Govt's fund will help complete up to 2.5 lakh housing units

The current fund allocated when fully utilised would aid in completing about 1.6 lakh units.

17 Sept 2019 9:23 AM

Currently, the repo operations are of short-term, usually of overnight, wherein banks can borrow money from the RBI at the prevailing repo rate.

RBI proposes Rs 200 cr minimum capital for small banks

The foreign shareholding in the small finance bank would be as per the extant FDI policy for private sector banks.

14 Sept 2019 6:37 AM

The Board of Vijaya Bank has given its approval to a government proposal of consolidation with Bank of Baroda and Dena Bank as per reports from ANI.

BoB committee to meet next week to consider raising funds

The bank, however, did not elaborate on the quantum of funds it plans to raise.

13 Sept 2019 5:24 AM

Once the suspension orders are lifted, our services will be fully up and running, an Airtel customer care executive said. (Photo: PTI)

Airtel special committee clears issue price of USD 3 bn fund raising

The issue price was at a discount of 1.57 per cent to the stated floor price of Rs 452.09 per equity share.

15 Jan 2020 5:41 AM

Air India. (Photo- PTI)

Air India avoids default; secures funds to service Rs 700-cr NCDs

These non-convertible debentures (NCD) are due for interest payment or redemption on March 26

26 March 2020 12:54 PM

Atlas Cycles shuts operations at last manufacturing unit. (Photo- Atlas Website)

Atlas Cycles now only a childhood memory as factory shuts operations

Employees claims the unit was shut without notice

5 Jun 2020 10:32 AM

With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Bharti Airtel plans to raise up to Rs 3,000 crore

Shares of Bharti Airtel on Friday closed 0.19 per cent higher at Rs 401.95 apiece on BSE.

9 March 2018 12:32 PM

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC to sell OPaL stake to fund HPCL buy

ONGC had borrowed money from banks to buy government's 51.11 per cent stake in HPCL for Rs 36,915 crore.

9 March 2018 10:46 AM