Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Friday, November 16, 2018

business

Ujjivan Financial soars 8% on strong Q2 results

Shares of Ujjivan Financial Services ended 8 per cent higher on stock exchanges after the company reported a consolidated net profit of Rs 44.3 crore...

Ashok Chawla resigns as Yes Bank chairman

Former bureaucrat Ashok Chawla resigned as non-executive chairman of Yes Bank, the private sector bank said.According to sources, Ashok offered to qu...

High growth necessary for poverty alleviation: Minister

A high rate of growth is necessary to alleviate poverty and ensure that benefits of development reach the poor, Finance Minister Arun Jaitley said. A...

Air India eyes Rs 800 cr from sale of over 70 properties

Loss-making national carrier Air India plans to mop up Rs 700-800 crore by selling over 70 residential and commercial properties spread across the co...

WPI inflation rises to 5.28% in October

Inflation based on wholesale prices rose to a four-month high of 5.28 per cent in October, mainly due to spike in petrol and diesel prices, even as f...

RBI, govt trying to reach common ground on some key issues

The government and Reserve Bank seem to be veering around to reach an agreeable solution particulary with respect of relaxation of the Prompt Correct...

Flipkart Group CEO quits over 'serious personal misconduct' charges

Flipkart Group CEO and co-founder Binny Bansal Tuesday resigned following a probe into an alleged "serious personal misconduct", the firm's new paren...

Rupee recovers 29 paise to 72.60 against dollar

The rupee recovered by 29 paise to 72.60 against the US currency in early trade on Tuesday, owing to easing global crude oil prices and better-than-e...

PepsiCo becomes first company to use inland waterways for container movement

Food and beverages major PepsiCo India said it has become the first company to use the country's inland waterways for container movement by transport...

Industrial growth slips to 4-month low of 4.5% in September

Industrial production grew at the slowest pace in four months at 4.5 per cent in September mainly due to poor performance of mining sector and lower ...

Rupee falls below 73 level against US dollar

The rupee weakened further and dipped by 54 paise to 73.04 against the US dollar on Monday, owing to increased demand for the American currency from ...

PNB Housing Finance obtains refinance sanction of Rs 3,500 cr from NHB

PNB Housing Finance said it has obtained refinance sanction of Rs 3,500 crore from the National Housing Bank (NHB) in October 2018. "The funds will b...

Rs 65,000 cr set aside for Mumbai suburban rail revamp: Minister

Up to Rs 65,000 crore has been approved for a host of rail infrastructure projects on the suburban network in Mumbai and its surrounding areas, Railw...

GST a 'monumental reform', hit growth only for 2 quarters: Minister

The GST implementation was a 'monumental reform' which had disruptionist impact on growth only for two quarters, Finance Minister Arun Jaitley said, ...

Reliance Communications pays Rs 62.4 lakh to settle case with SEBI

Reliance Communications has settled a case with SEBI for alleged non-cooperation with the credit rating agencies and debenture trustee in violation o...

Wipro's Appirio expands operations in Portugal

IT firm Wipro said its acquired entity, Appirio, has set up a new office in Porto, Portugal to expand its European operations and meet the growing bu...

Govt says not seeking massive reserve transfer from RBI

  Amid a face-off with the RBI, the government said it is discussing an "appropriate" size of capital reserves that the central bank must maintai...

Sensex, Nifty end lower on weak global cues

Domestic benchmark indices ended on a negative note after a choppy session on Friday amid weak global cues as the U.S Fed hinted at a rate hike next ...

Rupee rises 35 paise to 72.65 against US dollar

The rupee appreciated 35 paise to 72.65 against the dollar in early trade on Friday, following U.S mid-tem election results and easing crude oil pric...

mjunction to boost Tata's steel sales to MSMEs

The mjunction services limited, a B2B e-commerce company, has launched in association with the Tata Steel a working capital finance programme for the...

Welspun Enterprises bags Rs 1,460 cr road project in M'shtra

Welspun Enterprises said it has bagged a Rs 1,460 crore road project from PWD in Maharashtra. The company has received the letter of award from PWD, ...

Demonetisation led to formalisation of economy: Jaitley

Finance Minister Arun Jaitley said demonetisation resulted in formalisation of economy and increased tax base, prompting the government to earmark mo...

India's economic growth to slow to 7.3% in 2019: Moody's

Indian economy will expand 7.4 per cent in 2018, but the growth will slow down to 7.3 per cent in the next year as domestic demand tapers on higher b...

Flipkart, Amazon not violating competition norms: CCI

Fair trade watchdog CCI has concluded that the business practices of Flipkart and Amazon are not in violation of competition norms and rejected alleg...

Indian norms on PCA, capital are conservative: SBI report

Indian regulations on capital requirements, provisioning for sour assets and prompt corrective action (PCA) restricting regular activities by lenders...

Asian Corporate Consultancy settles case with SEBI

Asian Corporate Consultancy along with one Dilip Anantrai Desai has settled a probe by markets regulator SEBI into alleged violation of portfolio man...

Patanjali enters branded apparel space, aims Rs 1,000 cr business

Baba Ramdev-led Patanjali Ayurved forayed into the fast growing branded apparel segment through its brand 'Paridhan' and expects a sale of around Rs ...

Indian Bank raises Rs 110 cr through bond

Indian Bank said that it has raised Rs 110 crore through bonds. The Basel III Compliant Tier 2 bonds, with a coupon rate of 8.85 per cent per annum, ...

Punjab attracted Rs 10,000 cr investment since Congress came to power: CM

Punjab has attracted industrial investment of over Rs 10,000 crore since the Congress came to power in the state last year, Chief Minister Amarinder ...

Ashok Chawla resigns as Yes Bank chairman

RBI, govt trying to reach common ground on some key issues

Indian norms on PCA, capital are conservative: SBI report

Indian Bank raises Rs 110 cr through bond

Govt to continue pressing RBI for relaxing norms, funds

SBI net profit slips 69% to Rs 576 cr in Q2

High growth necessary for poverty alleviation: Minister

WPI inflation rises to 5.28% in October

Rupee recovers 29 paise to 72.60 against dollar

Retail inflation cools to year-low of 3.31% in October

Rupee falls below 73 level against US dollar