Chennai: The Export-Import Bank of India (Exim Bank) would raise about $2 billion through a bond issue for business purposes, and its net non-performing assets (NPA) is only about 3.79 per cent, said the company on Monday. The bank has an exposure of about Rs 480 crore to overseas subsidiaries[Read More…]
Tag: business
IDBI Bank Q3 loss rises to over 4,185 cr on high provisions, nearly three times than year-ago
On January 21, state-run LIC completed its acquisition of 51 per cent stake in IDBI Bank
Indian Oil Corp marks profit in Q3, despite plummeting prices of crude oil
Despite heavy decline crude oil prices and decline in the refining margins, state owned oil and gas company Indian Oil Corporation (IOC) registered a profit. For the period between October-December the company saw a profit of Rs 716.8 crore. In the same period a year ago, company had reported a[Read More…]
DLF closes 11.5% down after CBI raids office
The Central Bureau of Investigation (CBI) on Friday registered a fresh case against former Haryana Chief Minister Bhupinder Singh Hooda and several others in connection with the alleged irregularities in allocation of over 1,417 acres of land during 2009-12 in Gurugram and carried out raids at more than 20 places[Read More…]
MacKenzie Bezos could be world’s richest woman following divorce with Amazon founder Jeff Bezos
Mackenzie Bezos after divorcing with Amazon founder, chairman Jeff Bezos could become the richest woman on the planet. Currently, Francoise Bettencourt Meyers, the granddaughter of L’Oréal founder, Eugène Paul Louis Schueller is the world’s richest woman. She has a net worth of $45.7 billion. Top 4 richest woman in the world[Read More…]
I don’t plan to open any music company: Sonu Nigam
New Delhi, It was just last week that popular singer Sonu Nigam grabbed eyeballs by talking about the evolution of the music business and the business strategy of music companies. But he says that he has no intention of opening a music company as it’s not easy to run it.[Read More…]
Mukesh Ambani, the richest Asian piles up wealth while 128 top tycoons lose $137 billion this year
Amidst global trade tensions and concerns hovering around the stock valuations, the top tycoons of Asia, 128 of them have lost $137 billion in this year. Making this year, the first since 2012, when the inaugural ranking of the Bloomberg Billionaires Index got released, to register such a fall in[Read More…]
Here’s what ‘India’s Warren Buffett’ Rakesh Jhunjhunwala advice to investors
Rakesh Jhunjhunwala is an Indian billionaire to whom traders look up to for their investment options. A Chartered Accountant by profession, Jhunjhunwala runs his own asset management company. Widely known for his trading style, Jhunjhunwala’s insights are followed by people across the Indian subcontinent. Here we have listed some of[Read More…]
Live Breaking News Headlines & Latest Updates, December 14, 2018: Rahul Gandhi reiterates demand for JPC in Rafale deal
Get your daily dose of the hottest and latest news. Newsd provides you all breaking news, latest news, breaking story videos to ensure you don’t miss anything important. Internet, Twitter, Facebook are abuzz with breaking news and news alerts from India and around the world. You can find here all breaking news alerts and[Read More…]
Stock Market Watch: Sensex crashes by 700 points, Nifty losses 200+
The benchmark indices cast bloodbath as they dropped down to nearly 2 per cent at the end of the trading day of December 10. Sensex ended with 34959.72, resulting in a downfall of 713.53 points. Whereas Nifty dropped 205.20 points and 11.50 short of 10500, ie at 10488.50 points. Multiple[Read More…]
Stock Market Watch: Adani Group share plunges 7% amidst sell-off
Share prices of Adani Group companies nosedived in the morning hours of trade on Monday amidst across-the-board selloff. Shares of Adani Power(48.80) and Adani Enterprises(142.75) plunged the most, losing nearly 7 per cent of its value. Other shares such as those of Adani Transmission, Adani Gas, Adani Green Energy also[Read More…]
Nifty may drop to 4 digit mark if BJP loses Rajasthan, Madhya Pradesh, Chhattisgarh; say Experts
Months before the General Elections, the widely considered Semi-Finals, the Assembly Elections of five states, will decide its winner on December 11. The fate of the five states that underwent elections over the last one month will be declared. Along with the result, some movement is expected to take place[Read More…]
Cleartrip lays off upto 100 employees in India
Cleartrip, a global online travel company has decided to lay off up to 100 of its employees in India. The India based company has seen a significant plunge in its business over the last few years. Reportedly, the slump has been due to increased competition after the merger of its rivals[Read More…]
Microsoft leaps over Apple, became the world’s most valuable company
After spending almost 8 years below Apple Inc. The software giant has finally surpassed its arch-rival in terms of market capital. Apple, which became the first US company to cross the $1 trillion mark has now been overtaken by Microsoft for the number one spot. Microsoft, which has recently acquired[Read More…]
Outgoing Facebook executive says he hired controversial PR firm
San Francisco: Facebook‘s outgoing Head of Communications and Policy Elliot Schrage has taken the full responsibility for hiring a Republican-owned political consulting and PR firm Definers Public Affairs that is alleged to have “dug up dirt” on competitors. In a blog post, Schrage said the legal team at Facebook continues[Read More…]
Caution over Q2 results dent equity indices; banking stock plunge
Mumbai: Caution over upcoming quarterly results along with profit booking pulled the key Indian equity indices in the red on Tuesday. Heavy selling pressure was witnessed in the banking, oil and gas and energy sectors, while all the other counters were in the green on BSE, led by IT. According[Read More…]
Tata Steel buys Usha Martin’s Steel division for Rs 6,600 crore
Tata Steel buys Usha Martin’s Steel division for Rs 6,600 crore. The business transfer agreement regarding the purchase is executed today. Tata Steel buys MTPA Plant, whether wire rope division stays with Usha Martin. Earlier five companies have shown interest in buying Usha Martin’s Steel business. JSW Steel, Tata Steel,[Read More…]
Bharat Electronics Ltd creates milestone by getting booking order of Rs 50,000 crore
An order worth Rs 9,200 crore for supply of seven Long Range Surface-to-Air Missile (LRSAM) systems has pushed the order book of Navratna Defence PSU Bharat Electronics Ltd (BEL) beyond 50,000 crore for the first time in history of the company. The Navratna DPSU is confident that this is just[Read More…]
India aims to double export by 2025 announces union minister Suresh Prabhu
Union Minister of Commerce & Industry and Civil Aviation today chaired a meeting of different exports stakeholders and Commerce Ministry officers to discuss a strategy for revitalizing India’s exports and doubling the country’s exports by 2025. The Minister said that this is necessary for a view of challenges like the[Read More…]
Congress’ sharp reaction after rupee hits new of 70 to US dollar
Indian rupee crashed to all time low of 70-mark against US dollar for the first time on Tuesday. The new low of 70.09 in the currency has opened windows to the opposition parties to react on it. Congress has come up with sharp remarks on Twitter aiming at PM Narendra[Read More…]
Ease of Doing Business: Lok Sabha to bring down commercial dispute value from Rs 1 cr to Rs 3L each
In an attempt to improve India’s stand on ease of doing business, the Lok Sabha on Wednesday had a debate over cutting down the specified value of commercial disputes from the present the price of Rs 1 crore to Rs 3 lakhs. According to Union Law Minister Ravi Shankar Prasad,[Read More…]
Ease of Doing Business Report: Andhra ranks No.1, Delhi No. 23
Andhra Pradesh has secured the top position in the 2016-17 financial year as far as the ease of doing business within a state is concerned. The third edition of the annual rankings, published by the government on Tuesday, showed that Andhra Pradesh amongst 28, is the best state to do[Read More…]
Tribunal dismisses Cyrus Mistry’s plea against removal as Tata Sons chairperson
The National Company Law Tribunal (NCLT) on Monday dismissed a petition filed by Cyrus Mistry challenging his dismissal as chairman of Tata Sons. “We have not found any merit in the petition,” the law tribunal said. “The management is more accountable to shareholders,” it said while ruling in favour of[Read More…]
FDI growth hit five-year low in 2017-18
New Delhi: Foreign direct investment (FDI) in India seems to be petering out with the inflows growth rate recording a five-year low of 3 per cent at USD 44.85 billion in 2017-18. According to the latest data of the Department of Industrial Policy and Promotion (DIPP), FDI in 2017-18 grew[Read More…]
Amit Shah woos glamour, business – and Thackeray – in Mumbai
Mumbai: Bharatiya Janata Party President Amit Shah on Wednesday wooed Bollywood glamour and India Inc., and sulking ally Shiv Sena President Uddhav Thackeray, in the party’s new initiative Sampark for Samarthan prior to the 2019 Lok Sabha elections. Accompanied by Chief Minister Devendra Fadnavis, Shah arrived at ‘Matoshri’, the Thackeray[Read More…]