Sebi debarrs Kashyap Technologies, 6 others from securities market for 5 years in lieu of GDR manipulation

Markets regulator Sebi has debarred Kashyap Technologies and six other entities, including Clifford Capital Partners, for at least five years from securities market in a matter related to manipulation of global depository... Read more »

BofA-ML sees RBI cut rates by another 25 bps

A foreign brokerage Monday said the Reserve Bank will slash its key policy rates by another 25 basis points, after governor Shaktikanta Das’ weekend speech focusing on ways to revive growth. Speaking... Read more »

Exports increase 11% in March; trade deficit gap narrows

India’s exports soared to a five-month high of 11 percent in March on account of higher growth mainly in pharma, chemicals and engineering sectors, marking the outbound shipments at $331 billion for... Read more »

Govt seeks Rs 50,000-cr of public procurement through GeM in FY20

Public procurement worth Rs 50,000 crore will take place through the Commerce Ministry’s online marketplace GeM during 2019-20, an official said. In 2018-19, Government e-Marketplace (GeM) reached Rs 17,325 crore mark in... Read more »

Infosys shares increase by 5% after Q4 results

IT major Infosys reported a jumbled set of fourth-quarter numbers, with margins coming in below expectations even as revenues came in-line. Infosys also reported strong large deal wins during the quarter which... Read more »

Larsen & Toubro plans to increase its employees by another 1,500 people this year

Infrastructure giant Larsen & Toubro (L&T) plans to hire 1,500 people this year, just like previous years, a top company official said, the company’s manpower strength stood at 42,924 as on March... Read more »

India’s capital market performs better than US, UK and China in FY19 despite global, domestic headwinds

Indian capital market out beat several major global markets, including the developed ones like the US and the UK as well as developing economies such as China and Brazil, with double-digit returns... Read more »
Petrol and Diesel prices rise for the fourth day in succession

Tata Projects aims for up to Rs 16,000 crore of revenue this year

Soaring high in terms of growth in the oil and gas, nuclear and urban infrastructure sectors, Tata Projects, a part of the diversified Tata Group, is eyeing up to Rs 16,000 crore... Read more »

India Inc is seeking dollar borrowings, but foreign investors worried about credit quality

Indian companies waiting to seek dollar-denominated debt as global interest rates soften, but only a few are likely to find it as foreign investors remain undecided about the credit quality of many,... Read more »

Vedanta owned Cairn India’s CEO, CFO quit, Vedanta shares fall 4% intraday

Vedanta-owned Cairn India’s CEO and CFO have resigned in quick succession. As reported by BusinessLine on Monday, Sudhir Mathur, Cairn India’s CEO, had resigned, and Pankaj Kalra, CFO, had quickly followed suit. But... Read more »