Mumbai, Dec 6: Benchmark indices corrected sharply for the second consecutive session in line with global weakness on Thursday, ahead of a crucial OPEC meeting decision due later in the day. In intraday trade, the Sensex fell more than 600 points and the Nifty broke 10,600 levels. Traders also remained cautious ahead of five states […]
New Delhi, Dec 6: IndiGo on Thursday became the first Indian carrier to have 200 aircraft in its fleet with a brand new Airbus A320 Neo (VT-IZI) flying into Delhi from Toulouse, France, to join the low cost carrier. The airline, which started operations on 4 August 4, 2006 with a Delhi-Impal flight, has so […]
New Delhi, Dec 6: The National Company Law Tribunal (NCLT) Thursday dismissed the plea of HDFC Ltd to initiate insolvency proceedings against RHC Holding, a non-banking financial company promoted by Singh Brothers — Malvinder Mohan Singh and Shivinder Mohan Singh. A two-member principal bench headed by NCLT President Justice M M Kumar dismissed the plea […]
New Delhi, Dec 6: State-owned NBCC, Kotak Investment, Singapore-based Cube Highways and Suraksha group have been shortlisted as bidders for debt-laden Jaypee Infratech, according to a regulatory filing. Jaypee Infratech is undergoing insolvency proceedings in the NCLT. L&T Infrastructure, which was among the five companies that had submitted expression of interest (EOI), was however excluded […]
New Delhi, Dec 6: News Corp-backed Housing.com will invest USD 5 million (around Rs 35 crore) by March next year on branding and promotion as it seeks to increase customer base on its platform, a top company official said. In January 2017, Singapore-based Elara Technologies, which owns PropTiger.com and Makaan.com, acquired Housing.com — a start-up […]
Mumbai, Dec 5: It’s a negative close for the market for second consecutive session as investors reacted to the stance on interest rates by the Reserve Bank of India. The Monetary Policy Committee (MPC) kept interest rates unchanged, but sharply cut the inflation targets for October-March. However, equity benchmarks are off their low points as […]
New Delhi, Dec 5: Starting April 2019, interest rates on all retail loans, including home loans, auto loans and loans given to micro and small enterprises, will be linked to external benchmarks, and not the marginal cost of funds-based lending rate (MCLR). These loans will be benchmarked to either the Reserve Bank of India’s repo […]
New Delhi, Dec 5: Etihad Airways is holding talks with Jet Airways Ltd and its bankers on a rescue plan for the debt-laden Indian carrier, two sources aware of the matter said. Executives from Etihad and Jet have met some of the airline’s bankers in Mumbai in recent days to discuss ways to address its […]
New Delhi, Dec 5: Fitch has retained negative outlook for Indian banks reflecting the ongoing challenges for weak lenders, such as struggle to maintain core capitalisation amid poor profitability and rising macro headwinds. The rating agency said that the public sectors banks need more capital infusion than the central government has already planned. The Indian […]
Srinagar, Dec 5: Vodafone donated a sum of Rs 5.4 lakh for education of underprivileged children in Kashmir in keeping with the ‘spirit of giving’ associated with this pious month. Now in its sixth year, the annual ‘Giving Initiative’ by Vodafone commemorates Ramzan in the most noble of ways by giving the gift of education […]