In spite of several challenges including the NBFCs-triggered liquidity crisis as well as global trade tensions and high crude oil prices, the Indian equities market emerged as one of the best performers... Read more »
The Reserve Bank of India (RBI) is looking to cut key lending rates by another 25 basis points on Thursday to boost economic activities amid fears of global slowdown impacting domestic growth... Read more »
Recognising the gradually changing consumer preference for healthier beverages over fizzy drinks, Coca Cola has been moving into the nutrition space for a while now. After launching several products such as Minute... Read more »
Congress President Rahul Gandhi on Thursday said new ventures will not require any regulatory permissions for three years and will get easy access to bank credit if his party is voted to... Read more »
Operational creditors that were to receive Rs 214 crore from the Essar Steel debt resolution plan submitted by ArcelorMittal, could net an additional Rs 1,000 crore, reports Business Standard. Operational creditors have outstanding dues... Read more »
It has been a busy week of Indian extradition-related activity in the UK courts as liquor baron Vijay Mallya’s High Court appeal moves forward for a judge’s verdict on paperwork and fugitive... Read more »
Five state-owned banks, including PNB, Bank of Baroda and Union Bank, Thursday received shareholders’ approval for capital infusion of Rs 21,428 crore in lieu of preferential allotment of shares to the government.... Read more »
India’s second largest IT services firm Infosys on Thursday said it will acquire 75 percent stake in ABN AMRO Bank’s wholly-owned subsidiary, Stater, for 127.5 million euros (about Rs 989 crore). Both the companies... Read more »
The government will now infuse Rs 5,042 crore into state-owned Bank of Baroda (BoB) ahead of merger of two other public sector lenders Dena Bank and Vijaya Bank with BoB. The merger... Read more »
Former Reserve Bank of India (RBI) governor Raghuram Rajan on Wednesday questioned the ‘minimum government and maximum governance’ promise of the Narendra Modi regime, saying the state has gained more power sans any checks... Read more »