Mahindra Finance sees net profit growth of Rs 588 crores, total income rises to Rs 2,480 crores

Mahindra Finance announced its audited financial results for the quarter ended March 2019. Mahindra Finance has seen a stellar growth of 87% in net profit to Rs 588 crores... Read more »

Tata Global Beverages FY19 PAT drops 16.4%, will acquire Dhunseri Tea biz for Rs 101 cr

Tata Global Beverages, a subsidiary of Tata Group, has announced a 16.4 per cent year-on-year decline in consolidated profit after tax (PAT) at Rs 474 crore for the year... Read more »

Indiabulls promoters to divest in realty business, Blackstone and Godrej roped in

Indiabulls Group chairman has said that the company is looking to divest the real estate business, its proposed merger of Indiabulls Housing Finance Ltd with Lakhsmi Vilas Bank. The promoters are... Read more »

S&P 500, Nasdaq at record closing high, rose above expectations

The S&P 500 index and the Nasdaq achieved record closing highs after a broadbased rally on Tuesday, as a clutch of better-than-expected earnings reports eased concerns about a slowdown.... Read more »

Microfinance sector recovering however, risk of overleverage continues, says Icra

The risk of over-leveraging in the microfinance sector has risen owing to the changing landscape of the sector, varying interpretation of the RBI guidelines as well as some gaps in the... Read more »

Minority shareholders in ITC drag NCLT against Hotel Leelaventure

Diversified group ITC Ltd has moved the Mumbai Bench of the National Company Law Tribunal (NCLT) against luxury hospitality group Hotel Leelaventure Ltd, alleging oppression and mismanagement. ITC has... Read more »

ICICI-Videocon Case: ED summons Chanda Kochhar, husband to show assets list

The Enforcement Directorate (ED) has asked former Managing Director (MD) & Chief Executive Officer (CEO) of ICICI Bank Chanda Kochhar on May 3 in connection with the Videocon money... Read more »

Jindal Steel finishes its first-ever rail order ahead of schedule

Jindal Steel and Power Ltd (JSPL) Tuesday said it has completed delivery of its one lakh tonne first-ever rail order, which the firm had bagged from the Indian Railways.... Read more »

Oil prices extend its gains as US ends waivers on Iran crude

Oil had longer gains after rising to a six-month high Monday as the Trump administration said it will no longer give any country a pass on sanctions barring purchases of... Read more »

IL&FS to give its wind portfolio to GAIL in first asset sale since crisis

Debt-laden Infrastructure Leasing & Financial Services (IL&FS) April 22 announced that GAIL (India) has emerged as the highest bidder for its seven operating wind power plants. The bidding process to... Read more »