SEBI orders agri-commodity derivative exchanges to create fund for farmers

Sebi on Wednesday asked the exchanges handling the agri-commodity derivatives to create a fund for farmers and FPOs in which the regulatory fee forgone by the regulator would be... Read more »

Scamster Billionaire Nirav Modi arrested in London

Nirav Modi, the fugitive jeweller wanted in the 13,000-crore Punjab National Bank scam, has been arrested in London and is being  produced in the Westminster Magistrate’s Court, the UK... Read more »

Airbnb in talks to invest $100-200 million in OYO: Report

It has been speculated that hospitality company OYO is readying to welcome yet another marquee investor on board – Airbnb – less than six months after it raised USD... Read more »

Nomura Financial says cyclical economy downsides because of domestic & global factors

Nomura Financial Advisory & Securities on Friday said cyclically the economy is clearly slowing down due to domestic and global factors and this slowdown will be seen for at... Read more »

Fortis Healthcare appoints Dr Ashutosh Raghuvanshi as its CEO

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... Read more »

Economists discuss India’s slowdown with RBI governor

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... Read more »

Hotel Leela Venture shares hit 5%, plans to sell hotels, property to Brookfield for Rs 3,950 crore

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... Read more »

L&T acquires 20.32% stake in Mindtree from Cafe Coffee Day founder.

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... Read more »

RCom pays Rs 462 crore to Ericsson

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... Read more »

U.S says they will resume ties only if India brings serious trade proposal to table.

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... Read more »