Bank of India records Rs 252 cr Q4 profit as a result of reduction of bad loans

State-run Bank of India Thursday achieved a profit of Rs 251.79 crore for the fourth quarter ended March 2019 owing to reduction of bad loans. The bank had reported... Read more »

PNB Housing shares drops 5% after PNB cancels stake sale

Shares of PNB Housing Finance dropped over 5 percent on Friday after Punjab National Bank (PNB) has called off the deal to sell its stake in the company. PNB... Read more »

Infosys to allocate 50 million shares as an incentive to employees

India’s second largest IT firm Infosys Thursday said its board has curated an ‘Expanded Stock Ownership Program 2019’ that proposes to allocate five crore shares to incentivise employees based... Read more »

RBI asks NBFCs with assets size of over Rs 50 billion to appoint CRO

The Reserve Bank of India on Thursday asked NBFCs with asset size of over Rs 5,000 crore to appoint board-approved chief risk officer (CRO) with who is well qualified... Read more »

Ashok Leyland receives order for 400 minibuses worth Rs 80 crore from Senegal

Hinduja flagship firm Ashok Leyland Thursday said it has received an order from Senegal, to supply 400 minibuses worth 10.06 million euros (about Rs 80 crore). This order comes... Read more »

InterGlobe Aviation shares drop 8%, tension between promoters

Shares of InterGlobe Aviation, which runs India’s largest budget airline IndiGo, dropped 8 per cent to Rs 1,487 in intra-day trade on the BSE on Thursday on the back... Read more »

RBI creates ‘Vision 2021’ for payment system to improve digital transactions

Aiming at a ‘cash-lite’ society, the Reserve Bank of India Wednesday curated a vision document for ensuring a safe, secure, convenient, quick and affordable e-payment system as it expects... Read more »

ArcelorMittal resolution plan violative of IBC: Essar Steel’s Ruia to NCLAT

Prashant Ruia, the promotor of debt-ridden Essar Steel, Wednesday submitted before the National Company Law Appellate Tribunal that the resolution plan moved by ArcelorMittal is in violation of the... Read more »

Ola fuels $60 million into international unit to undertake Australia, UK operations

Homegrown ride-hailing platform Ola revealed in its regulatory filings, sourced from Singapore’s Accounting and Corporate Regulatory Authority, that it pumped in about $60 million in its international operations in... Read more »

Tata Global Beverages and Tata Chemicals to combine and venture into a Consumer Products Company

The Boards of Directors of Tata Global Beverages Limited (“TGBL”) and Tata Chemicals Limited (”TCL”), at their respective meetings held today, have approved the de-merger of the Consumer Products... Read more »