Supreme Court puts on hold NSEL merger with 63 Moon Technologies

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 stock tanks as Ravneet Gill’s clean up act shocks Street

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’s consolidated fiscal Q4 net profit sees an 84% drop

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’s consolidated profit drops 2.9% to Rs 7,650.60 crore in FY19

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 »

Builders must utilize 70% of buyers’ money on construction says RERA

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 »

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 »

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 »

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 »

#SaveJetAirways: An open letter on WhatsApp spills the beans

At a time when mainline and social media platforms are filled with images, short stories and videos of former and current employees of Jet Airways, we received a WhatsApp message... Read more »