Government aims for IRCTC, IRFC IPOs by September, targets divestment Rs 1,500 crore

The government sets to raise around Rs 1,500 crore from initial public offerings (IPOs) of two railway companies — IRCTC and IRFC — by September, an official said. The... Read more »

SEBI approves the segregation of Rating and Non-rating businesses of credit rating agencies.

The Securities and Exchange Board of India’s (SEBI) notifications dated May 30, 2018, and September 19, 2018, under the SEBI (Credit Rating Agencies) Regulations, 1999, have mandated the segregation... Read more »

Telecom revenue to kick start with a 7% growth this fiscal

CRISIL believes the Indian telecom industry will reverse a two-year declining trend with a 7% revenue growth in fiscal 2020. The turnaround will ride on an increase in average... 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 »

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 »

India’s capital market performs better than US, UK and China in FY19 despite global, domestic headwinds

Indian capital market out beat several major global markets, including the developed ones like the US and the UK as well as developing economies such as China and Brazil,... Read more »

Recovery in US business to increase pharma companies’ Q4 earnings

Companies in the pharmaceutical sector are expected to post steady earnings growth in the January-March quarter of the last financial year (2018-19) on the back of a pick up... Read more »