Anil Ambani-led Reliance Power, the power generation and coal resources company, on Saturday recorded a net loss of Rs 2,951.82 crore for the financial year 2018-19 as against net profit of Rs... Read more »
Latest data has revealed that unicorns surpass other technology companies when it comes to acquisitions in the country, reported LiveMint. A study by Tracxn, a technology data tracker, shows that in the last... Read more »
The long-running fraudulent activities at crisis-ridden IL&FS could have been revealed way back in 2017, but for a cover-up job done by the top management in connivance with the independent directors on... Read more »
The Serious Fraud Investigation Office (SFIO) which was investigating the debt-ridden Infrastructure Leasing and Financial Services (IL&FS) group has observed lapses in 13 loans worth around Rs 1,080 crore granted by it... Read more »
The Indiabulls Group plans to exit its real estate business so that it can get regulatory approvals for the proposed merger of Indiabulls Housing Finance with the Lakshmi Vilas Bank, is reportedly... Read more »
Jeff Bezos led ecommerce giant Amazon has pumped in Rs 2,800 crore in its India unit, Amazon Seller Services, in the first tranche of capital infusion in this calendar year. This reportedly... Read more »
India’s second-largest private steel producer, JSW Steel, may bid for British Steel Ltd after the company’s liquidation advisor EY reached out to it, the Mint reported. JSW is looking forward to this bid and... Read more »
According to analysts, RBI’s rate cut will help increase India’s GDP, while keeping the policy stance accommodative. “For the third successive time, in line with the majority market expectations, the Monetary Policy... Read more »
Bankers have rejoiced as the RBI slashed interest rates and changed the policy stance from neutral to an accommodative one. The repo rate is now positioned at 5.75%. While it seems that... Read more »
Ratings agencies ICRA and Crisil downgraded Dewan Housing Finance Corp Ltd’s (DHFL) commercial paper to their lowest ratings on Wednesday after the lender failed to make payments on bonds due this week.... Read more »