Business

Yes Bank Ltd. has changed. In the past, the troubled lender kept quiet rather than tell shareholders the truth about its bad loans. Now, under new management, it can't stop talking about an impending rescue. If the former approach nearly destroyed the bank, this latest strategy isn't going to help fix it.

In early September, CEO Ravneet Gill told

HDFC, the country's largest mortgage lender, on Monday reported a standalone net profit of Rs 3,961.53 crore for the quarter ended September 30. That marked an increase of 60.57 per cent from its net profit of Rs 2,467.08 crore in the corresponding quarter last year. Its total interest income in the second quarter of current financial year rose

Saudi Arabia's state oil company Aramco or Saudi Arabian Oil Co on Sunday announced its intention to go ahead with an IPO in the Tadawul stock exchange in Riyadh. With the Aramco IPO, the government of Saudi Arabia will

McDonald's Corporation head of US operations, Chris Kempczinski, replaced Steve Easterbrook as chief executive officer of the world's largest fast-food chain on Sunday. Steve Easterbrook was dismissed following a recent consensual relationship with an employee. Mr

Valuations for Saudi Aramco vary by more than $1 trillion, according to fund managers who have seen banks' research, underscoring the uncertainty hanging over what could be the world's largest stock market listing.

Fund managers are poring over bank

State Bank of India will auction non-performing assets (NPAs) worth Rs 700 crore this month to recover its dues. There will be three auctions in the month and the total amount outstanding is Rs 700.34 crore, according to SBI's auction plan.

Ludhiana-based Regency Aqua Electro - Hotel Resorts Pvt Ltd and Kolkata-based Lovely

Passenger carrier IndiGo is offering international flight tickets at a starting all-inclusive price of Rs 8,490 under a limited-period sale. Bookings under the sale - which is valid for travel between November 13, 2019 and April 15, 2020 - can be made

London-listed airline giant IAG, owner of British Airways and Iberia, announced on Monday that it has agreed to buy Spain's Air Europa for 1.0 billion euros ($1.2 billion).

IAG said in a statement that it has signed a transaction agreement with Air Europa owner Globalia in a deal which will cement Madrid as a major hub for the enlarged group and

Employees' Provident Fund Organization or EPFO, the nodal agency that monitors Employees' Provident Fund (EPF) contributions, allows the subscriber - or employees of an organisation of 20 or more

Fifteen Asian countries agreed terms on Monday for what could be the world's biggest trade pact, they said in a statement, but India delayed its decision on joining because of significant differences over tariffs and other issues.

The Regional

Shares in InterGlobe Aviation - the parent company of the budget airline IndiGo - settled on a negative note after swinging between gains and losses on Monday. On the Bombay Stock Exchange (BSE), IndiGo shares opened marginally higher at Rs 1,445 apiece

Aramco, as Saudi Arabian Oil Co is usually known, is set to add another superlative to the list: the world's most valuable listed company.

The sprawling state-owned oil giant announced on Sunday its intention to float on the Riyadh stock market,

The rupee appreciated by 4 paise to close at a five-week high against the dollar on Monday driven by sustained foreign fund inflows and hopes of a partial trade deal between the US and China. Stock markets rising for a seventh straight day also boosted the s

Country's gold imports fell for a fourth straight month in October from a year ago as near record-high prices dampened buying during key festivals in the world's second-biggest consumer of the metal, a government source said on Monday.

India imported 38 tonnes of gold in October, down 33

Saudi Aramco said Sunday it will list on the Riyadh stock exchange in what could be the world's largest IPO, underpinning Crown Prince Mohammed bin Salman's ambitions to overhaul the kingdom's oil-reliant economy.

After years of delays, Saudi Aramco finally fired the starting gun on the stock market debut, saying it was a

Tata-Singapore Airlines (SIA) joint venture carrier Vistara will induct two Boeing 787-9 Dreamliner and one A321neo this fiscal to launch medium and long-haul international flights.

Seeking to scale up its overseas flights, the airline has already

Shares of Infosys, the country's second largest software services company, rose as much as 6.46 per cent to hit an intyraday high of Rs 732.50 after the company said it received no evidence to support the allegations in a whistleblower letter from last month which alleged unethical practices and accused CEO Salil Parekh of leading an effort to

Saudi Arabia's state oil company kick-started its initial public offering (IPO) on Sunday, announcing its intention to list on the domestic bourse as the kingdom seeks to diversify and create the world's most valuable listed company.

Aramco did not give a timeframe or say how much of the company it would sell, but sources have told

Infosys share price: Infosys shares jumped on Monday after the IT major said it had not received any immediate evidence to support the allegations in a whistleblower letter from last month. The letter, claimed to have been written by some employees of the

IT services major Infosys said on Monday it received no evidence to support the allegations in a whistleblower letter from last month, sending shares up as much as 6.5 per cent in morning trade.

A letter, claimed to have been written by employees of the company in October, said chief executive Salil Parekh instigated them and others to

Within days of market regulator asking the listed PSU banks to report divergence in NPAs as estimated by them and RBI immediately to the bourses, three banks -- Indian Bank, Union Bank and UCO Bank have done so and more could follow suit.

SBI had on Thursday directed all listed

The Indian arm of fast-food chain Burger King has filed for an initial public offering (IPO) to raise up to Rs 400 crore ($56.58 million) via the issue of new shares, according to a draft prospectus seen by Reuters.

Private equity firm Everstone Capital, which operates

Continuing their upmove for a seventh straight session, domestic stock markets jumped on Monday tracking gains in Asian peers, with the S-P BSE Sensex index hitting a new all-time high. The Sensex rose 318.18 points to touch 40,483.21 in late morning deals, surpassing its earlier high of 40,412.25

Shares of Yes Bank rocketed 24 per cent on Thursday as the lender received a binding offer from a global investor for an investment of $1.2 billion.

On the BSE, the company's shares gained 24.03 per cent or Rs 13.65 to Rs 70.45 per share.

It touched a high of Rs 76.65 and a low of Rs 54.90 during the day.

Earlier in the day, the lender said in a

Continuing their rally to a seventh straight session, domestic stock markets moved higher on Monday led by buying interest in HDFC, Infosys, ICICI Bank, Bajaj Finance and Reliance Industries. The S-P BSE

Billionaire Mukesh Ambani's Reliance Jio Infocomm Ltd. opposed any move by the government to provide financial relief to rival telecom operators, which have been ordered to pay $7 billion in past dues, saying they had adequate recourse to funds.

Bhar

Lakshmi Vilas Bank's (LVB) non-executive and non-independent director Anuradha Pradeep, has resigned from her position, after independent director Supriya Prakash Sen quit the board citing personal reasons.

A statement issued by Lakshmi Vilas Bank on

Saudi Aramco has finally kick-started its initial public offering (IPO), nearly four years after Crown Prince Mohammed bin Salman first presented the idea.

November 3, 2019 - Saudi Aramco announces its intention to float after Saudi Arabia's Capital Market Authority said its board had approved

Non-subsidised LPG or cooking gas prices were increased for the third consecutive month in November. The rise in the non-subsidised prices of LPG was to the tune of Rs 76-76.5 per cylinder of 14.2