Fortis Healthcare on Tuesday announced that its board has appointed Ashutosh Raghuvanshi as MD and CEO of the company with immediate effect for a period of 3 years, subject to shareholders’ approval.... Read more »
Economists expressed concerns over a sharp slowdown in the Indian economy and pitched for a monetary policy boost to support growth at a meeting with the Reserve Bank of India (RBI) chief... Read more »
Shares of Hotel Leela Venture touched the 5 per cent upper circuit in late morning deals on Tuesday after its board approved the sale of four hotels, which included one in the... Read more »
Indian conglomerate Larsen & Toubro (L&T) in its filing informed that they have acquired 20.32 percent stake in IT services company Mindtree for 32.69 billion rupees ($476.57 million). The acquisition was done... Read more »
Reliance Communications has paid Ericson Inc 4.62 billion rupees ($67.42 million) as ordered by the Supreme Court saving Anil Ambani the ignominy of facing a jail term. Ericson’s lawyers confirmed receiving the amount,... Read more »
Seeing that trade has been an area of frustration in bilateral ties, the US said that it is willing to resume trade ties if India is prepared to bring a serious proposal... Read more »
The fifth tranche of the CPSE Exchange Traded Fund will be open for subscription on March 19, as the government seeks to raise at least Rs 3,500 crore. The fourth Further Fund Offer (FFO), will open... Read more »
The IDBI Bank’s proposal for changing its name has not found any favour from the Reserve Bank of India, sources said. The board of IDBI Bank last month proposed a change in... Read more »
Reserve Bank of India (RBI) Governor Shaktikanta Das will hold discussions on March 26 with representatives of trade bodies and credit rating agencies on interest rate and for better economic activities, said... Read more »
The National Company Law Appellate Tribunal (NCLAT) on Friday refused to issue a bankruptcy court order approving steel giant ArcelorMittal’s ₹42,000-crore takeover bid for Essar Steel and wanted a fresh plan for the... Read more »