New Delhi, Aug 15: Markets regulator Sebi is looking to stipulate a framework for timely and detailed disclosures of loan defaults by listed entities to enhance transparency. Several companies and rating agencies have come under the regulatory scanner for failing to make timely disclosure about the loan default risks. Tightening of the disclosure norms is […]
New Delhi, Aug 15: A day after the rupee plunged below the historic 70-level, Union Minister Arun Jaitley said India has comfortable foreign exchange reserves to deal with any undue volatility in the currency market and developments are being closely monitored. The Indian currency Tuesday crashed to a life-time low of 70.09 on concerns […]
New Delhi, Aug 15: BSE’s smallcap and midcap indices have failed to impress, with smaller stocks falling up to 13 per cent so far this year against their bigger peers. While the midcap index fell by 1,580.74 points or 8.86 per cent so far this year, fall in the smallcap has been more sharp […]
New Delhi, Aug 14: The government has asked American e-commerce major Amazon to set up a server in India as it looks to prevent unbridled migration of the personal data of customers. Recently, Electronics and Information Technology Minister Ravi Shankar Prasad conveyed this to Amazon India head Amit Agarwal. In the past too, the government […]
New Delhi, Aug 14: The government on Tuesday blamed “external factors” for the rupee’s fall to an all-time low against the US dollar and said that there is nothing to worry about as of now. Economic Affairs Secretary Subhash Chander Garg said external factors may ease going forward. “Rupee is depreciating due to external […]
New Delhi, Aug 14: Sun Pharma reported a consolidated net profit of Rs 982.8 crore in the first quarter ended June, beating analysts’ estimates on strong India and US sales. In the same quarter last year, the largest drugmaker in India had reported a net loss of Rs 423 crore. Profit in that quarter was […]
Mumbai, Aug 14: Bulls took the momentum back from bears on Tuesday as benchmarks ended the day on a strong note, courtesy a surge in banks and pharmaceuticals among others. An uptick in midcaps, too, helped the market close in the green. The Nifty managed to reclaim 11,400, while the Sensex ended over 200 points […]
New Delhi, Aug 14: BP Plc and its partner Reliance Industries will produce at least 10 per cent of India’s total gas demand from the Krishna Godavari (KG) basin by 2022, said Sashi Mukundan, the company’s region president and India head. Experts highlight that this has the potential to revive the ailing fertiliser segment in […]
New Delhi, Aug 14: IDBI Bank reported a wider net loss of Rs 2,409.90 crore for the first quarter ending June 2018. The loss widened from Rs 853 crore registered in the same quarter a year ago, due to a jump in non-performing assets (NPAs) and provisions. In the fourth quarter ending March 2018, the […]
New Delhi, Aug 14: The inflation data cheer continued on Tuesday, as WPI inflation (Wholesale Price Index) dipped to 5.09% in July, cooling off from 4-year highs in June. Notably, in June, high food and fuel prices drove India’s wholesale inflation to a four-and-a-half-year high, leading India’s apex bank RBI to hike interest rates to […]