Interpol issues Red Corner Notice against Nirav Modi

The Interpol has issued a Red Corner Notice against absconding diamantaire Nirav Modi, his brother Nishal Modi and his employee Subhash Parab on the request of the CBI, probing... Read more »

Anil Agarwal to delist Vedanta Resources from London Stock Exchange

Mining mogul Anil Agarwal plans to delist his flagship firm Vedanta Resources Plc from the London Stock Exchange after buying out 33.5 per cent of non-promoter shareholders for about... Read more »

SEBI allows Hapur Commodity Exchange to exit commodity business

Securities Exchange Board of India (SEBI) has allowed Hapur Commodity Exchange to discontinue operations as a bourse, making it the seventh derivatives exchange to exit after the merger of Forward... Read more »

July 1 to be commemorated as the GST Day

The central government on Saturday said that July 1 will be celebrated as the “GST Day” to commemorate the first year of the “unprecedented reform of Indian taxation” system.... Read more »

Tata Steel, Thyssenkrupp AG in pacts to merge steel businesses

Tata Steel and Thyssenkrupp AG on Saturday signed definitive agreements to combine their European steel businesses in a 50:50 joint venture (JV) in a new company. The proposed new... Read more »

RIL acquires Radisys Corporation for $74 mn

 Radisys Corporation, an open telecom solutions provider, and Reliance Industries Limited (RIL), have entered into a definitive agreement under which RIL will acquire Radisys for $1.72 per share in... Read more »

After 2 days of losses, equity indices surge on value buying

Value buying, along with broadly positive global bourses and a recovery in Indian rupee, aided the key Indian equity indices to make substantial gains on Friday. Both the BSE... Read more »

Steps on rupee fall after considering global situation: Goyal

Noting that the earlier fall of the rupee to a record low in 2013 had prompted extraordinary measures from the RBI, Interim Finance Minister Piyush Goyal on Friday sought... Read more »

India’s April-May fiscal deficit at 55.3% of full year’s target

India’s budgetary fiscal deficit for April-May 2018-19 stood at 55.3 per cent — Rs 3.45 lakh crore — of the full year’s target of Rs 6.24 lakh crore, official... Read more »

Choksi exported low-quality goods at inflated prices: ED

Gitanjali Group chief Mehul Choksi exported abysmally low quality goods at inflated prices to dummy companies abroad and the group’s books were manipulated by using third-party remittance system, the... Read more »