What surprise will Reliance Industries spring even as Aramco eyes stake

This is the summer of Reliance Industries. India’s largest firm by market capitalisation is expected to announce market beating results even as the world’s largest oil producer Aramco is... Read more »

Nestle plans to ask for shareholders’ approval every 5 years on royalty to parent firm

FMCG major Nestle wishes to seek shareholders’ approval every five years for royalty payment to its Swiss parent firm Societe des Produits Nestle SA, after receiving their feedback over... Read more »

I-T dept conducts raids at dozen premises in Karnataka on charges of tax evasion

The Income-Tax Department Tuesday said it has been conducting search warrants at about a dozen premises in Karnataka on charges of tax evasion. The raids are being conducted in... Read more »

36 like Nirav Modi abscounding, Enforcement Directorate admits

The Enforcement Directorate on Monday rejected the bail plea of Sushen Mohan Gupta, alleged defence agent arrested in the AgustaWestland VVIP choppers scam, saying there was a likelihood of... Read more »

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... 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... 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... 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... 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... 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... Read more »