Lessors doubt Jet rescue plan, pull out more planes

Bengaluru, Feb 21: International lessors have grounded more Jet Airways planes prior to potentially moving them out of India, as scepticism builds whether a state-led bailout of the carrier can clear their dues on time, sources familiar with the matter said. The troubles at India’s Jet, which is saddled with a billion dollars in debt, […]

Sensex ends 142 points up, Nifty settles at 10790

Sensex ends 142 points up, Nifty settles at 10790

Mumbai, Feb 21: Benchmark indices ended higher on Thursday led by gains in metals and pharma stocks. The S&P BSE Sensex ended at 35,898, up 142 points or 0.4 per cent, while the broader Nifty50 index settled at 10,790, up 54 points or 0.5 per cent. Among the sectoral indices, the Nifty Metal index ended […]

Over 7000 cash-starved start-ups may benefit from angel tax relief

Over 7000 cash-starved start-ups may benefit from angel tax relief

New Delhi, Feb 21: A series of changes made to the so-called angel tax by the government could give wing to 7,000 cash-starved start-ups, sources in the Department for Promotion of Industry and Internal Trade (DPIIT) said. According to industry observers, an investment of around $12 billion might come from 2,000 angel investors and hundreds […]

L&T asks SEBI to reconsider its Rs 9,000cr buyback plan

L&T asks SEBI to reconsider its Rs 9,000cr buyback plan

New Delhi, Feb 21: Larsen & Toubro (L&T) has asked the Securities and Exchange Board of India (SEBI) to reconsider its Rs 9,000 crore buyback proposal, which the market regulator had scrapped earlier, according to a report. SEBI had rejected the proposal in January on grounds that the group’s secured and unsecured debts would be […]

LIC may go slow on further capital infusion in IDBI Bank

LIC may go slow on further capital infusion in IDBI Bank

New Delhi, Feb 21: IDBI Bank may be pinning hope on additional capital infusion from new promoter Life Insurance Corporation of India (LIC) to help spruce up its books. But the country’s largest insurer, which has already infused about Rs 14,500 crore in December 2018 into the entity, is likely to go slow on further […]

NBFC sector revives: Liquidity concerns ease as fundraising improves

NBFC sector revives: Liquidity concerns ease as fundraising improves

New Delhi, Feb 20: The liquidity concerns in the NBFC sector may have eased in January after being constrained during the period July-December due to an improvement in the overall fundraising, a research report has said. With the banking sector reeling under persisting NPAs and rising Marginal Cost of Lending Rate (MCLR), lending by the […]