Hospitality firm OYO has decided to acquire Amsterdam-based vacation rental company Leisure Group from Axel Springer for an estimated $415 million (over Rs 2,885 crore). The acquisition could help... Read more »
Rating agency ICRA has downgraded Reliance Capital’s short-term debt worth Rs 950 crore to A4. ICRA announced that the rating watch is with negative implications due to the company’s slow monetization of... Read more »
State-owned National Small Industries Corp’s (NSIC) net profit for 2018-19 may see a drop because of stiff competition from private players, an official said Tuesday. The company is also... Read more »
Some public sector banks could soon receive an invitation from the government to discuss another round of mergers in the sector, a Finance Ministry official told The Economic Times. It... Read more »
Business tycoon, Ness Wadia, owner of IPL team Kings XI Punjab had been sentenced to two-year prison term for possession of drugs in Japan. The sentence however has been... Read more »
The Supreme Court today set aside the Union Government’s decision to merge National Spot Exchange Ltd (NSEL) with Financial Technologies India Ltd (FTIL), now 63 Moon Technologies Ltd. NSEL, which was promoted... Read more »
Yes Bank shares are currently at Rs 174.35, down by 26.60%. Shares of Yes Bank plunged 27 percent in the early trade on April 30 after company reported weak set of... Read more »
Tata Steel, India’s largest private sector steel producer, reported an 84% drop in fiscal fourth quarter consolidated net profit mainly because the year-earlier profit was boosted by a one-time... Read more »
Maruti Suzuki India, the country’s largest car maker, has reported 2.91 per cent year-on-year decline in its consolidated profit after tax (PAT) at Rs 7,650.60 crore for the full... Read more »
Three NBFCs, Indiabulls Housing Finance Limited, Industrial Finance Corporation of India Limited and PNB Housing Finance Limited, have come under the scanner for allowing an important provision in the... Read more »