Business

The principal bench of the National Company Law Tribunal (NCLT) has directed market regulator Securities and Exchange Board of India (Sebi) to de-attach the properties of a corporate debtor attached during its execution proceedings.

The matter brings into focus the issue of the in-built disagreement between the Sebi Act and the

With an intent to put in place a consolidated platform for its consumer business and become a leader in the FMCG segment, Tata Group on Wednesday announced the transfer of the branded food business from Tata Chemicals to Tata Global Beverages. The all-shares deal would create an over Rs 9,000-crore giant. Under the agreement,

Jet Airways shares fell nearly 7 per cent on Wednesday, a day after its chief executive officer Vinay Dube resigned. Jet Airways' share price opened lower at Rs 121.10 apiece on the National Stock Exchange (NSE), and declined to Rs 120.00 apiece at the d

Reserve Bank of India said on Thursday that shadow banks also known as non-banking finance companies (NBFC) with asset size of more than Rs 5,000 crore should appoint a chief risk officer (CRO) in a move to tighten regulation after a series of defaults at top

The rupee appreciated by 9 paise against the US dollar to 70.25 against in early trade on Thursday, driven by weakening of the greenback overseas and a positive opening in domestic equity markets. Forex dealers said weakness in the US dollar

The rupee appreciated by 23 paise to 70.21 against the US dollar in opening trade Wednesday, driven by easing crude prices, a higher opening in domestic equities and hopes about easing US-China trade tensions.

Forex dealers said that investor sentiment was

The rupee surged by 31 paise to close at 70.03 against the US dollar on Thursday amid a sharp rebound in the domestic equity markets, even as oil prices firmed up. This is the third straight session of gain for the domestic currency, during

Indian Railway Catering and Tourism Corporation (IRCTC)'s tourism arm, IRCTC Tourism, is offering a Himachal Delight tour package from Kolkata covering destinations such as Chandigarh, Manali and Shimla from Rs 47,895 per person. The seven-day Himachal Delight tour

Jet Airways shares fell as much as 6.05 per cent on Wednesday, a day after its chief executive and two other senior executives stepped down, raising serious doubts over the revival of the debt-laden airline.

CEO Vinay Dube, head of finance

The recently concluded Vodafone Idea rights issue has resulted in losses for the public shareholders, eroding 21 per cent of their shareholding value, according to industry sources.

As per the sources, the total loss to public shareholders is to

Domestic stock markets started Thursday's session on a positive note, shrugging off losses in Asian peers where equities fell on renewed worries about the US-China trade conflict. The S-P BSE Sensex rose as much as 89.89 points to 37,204.77 in early trade,

Domestic stock markets started Wednesday's session on a strong note, tracking a recovery in Asian peers on hopes of easing US-China trade concerns. The S-P BSE Sensex rose as much as 220.52 points to hit 37,539.05 in early deals, and the NSE Nifty moved to 11,274.30, up 52.25 points from the previous close. Strength in financial and energy

Gold prices rose by Rs 70 to Rs 33,330 per 10 grams on Thursday, news agency Press Trust of India reported quoting the All India Sarafa Association. The increase came on the back of fresh buying from jewellers. Silver prices rose by Rs 50 to Rs 38,250 per kg on more offtake by

The government intends to sell a further 15 per cent stake in its railways undertaking RITES India under the Offer-For-Sale (OFS) route, according to an official announcement on Wednesday,

The stake sale would augment the government's stake sell-off kitty for the current fiscal by Rs

Paytm Mall on Tuesday said it has been hit by a cashback fraud which could be in the range of Rs 5-10 crore. The fraud was detected through a tool that the company developed in partnership with global professional services firm EY (formerly Ernst and

Domestic stock markets rose on Thursday to recover some of the recent losses shrugging off early weakness. The S-P BSE Sensex rose 278.60 points - or 0.75 per cent - to end at 37,393.48, and the NSE Nifty finished at 11,257.10, up 100.10 points from the previous

India's trade deficit widened to $15.33 billion in April from a year ago, the trade ministry said in a statement on Wednesday.

Trade deficit was $13.72 billion in April 2018.

Merchandise exports remained almost flat at $26.07 billion in April compared with a year earlier, while imports were up 4.5 per

The creditors' panel of debt-laden Jaypee Infratech on Tuesday decided to vote on the revised offer of NBCC as more than 20,000 home buyers favoured the voting process for the state-run firm's bid even as bankers dissented, sources said. The voting

InterGlobe Aviation shares fell as much as 9.48 per cent to hit intraday low of Rs 1,456 after reports of differences between its promoters Rahul Bhatia and Rakesh Gangwal surfaced. Rahul Bhatia and Rakesh Gangwal have appointed separate law firms to settle a dispute between the two

Private lender Yes Bank on Wednesday said that Reserve Bank of India's former Deputy Governor R. Gandhi has joined its Board as Additional Director.

According to a BSE filing, Mr Gandhi joined the Board for a period of 2 years with effect from May 14, 2019 to May

Bad loan recoveries in the last fiscal year through the Insolvency and Bankruptcy Code (IBC) route stood at Rs 70,000 crore, posting a recovery rate of 43 per cent, according to a report by credit ratings firm Crisil. The amount was twice

The growth strategy of IndiGo remains unchanged and the airline's management has full backing of the company's board of directors to implement it, said Ronojoy Dutta, CEO, InterGlobe Aviation, in an email to his employees on Thursday. The email was sent to employees by the CEO as there were various media reports on Thursday morning regarding

The S-P BSE Sensex and NSE Nifty 50 indexes resumed declines after a day's breather, dragged lower by selling pressure in HDFC, IndusInd Bank, Yes Bank, ICICI Bank and Tata Motors. Earlier in the day, the benchmarks opened higher on the back of buying interest

Japan has complained at the World Trade Organization about India's duties on mobile phones, base stations and routers, and the circuit boards and other components that go into them, a WTO filing showed on Tuesday.

Japan's complaint, the first step in a legal dispute, said India had sought to foster domestic production by adjusting various

Tata Global Beverages and Tata Chemicals shares jumped on Thursday, a day after the announcement of transfer of the chemicals company's consumer business into the tea and coffee manufacturer Tata Global Beverages. Tata Chemicals shares surged as much as 8.36 per cent while Tata Global Beverages stock jumped as much as 10.62 per cent in intraday

India's slowing economy will need a boost soon after the current election but budget stresses mean the Centre probably has to rely on the Reserve Bank of India (RBI) to provide it through more interest rate cuts, according to two senior finance ministry officials.

The government lacks the ability to hike already-planned spending to spur

There are three major provident fund accounts -- namely Employees' Provident Fund or EPF, General Provident Fund or GPF and Public Provident Fund or PPF -- available in the country. EPF is a compulsory retirement saving instrument that is deducted from

The S-P BSE Sensex and Nifty came off intraday highs as pharma, capital goods, telecom and industrials sector shares came under selling pressure. In the morning deals, Sensex rose as much as 90 points from its previous close and the NSE Nifty 50 Index advanced to intraday high of

The S-P BSE Sensex and Nifty came off intraday high levels paced by losses in Yes Bank, Zee Entertainment, Tata Motors, GAIL India and Bharti Infratel. Meanwhile, the benchmark indexes continue to trade with a positive bias as Reliance Industries, HDFC Bank, Infosys, Kotak Mahindra Bank

India's top digital payments firm Paytm on Tuesday launched a credit card with Citigroup, widening its financial product base while giving its banking partner an opportunity to vastly expand its credit card customer base in the country.

The new card should help Paytm stay a