India’s industrial production is expected to stay muted in the near term, on account of weak exports, rural distress, credit constraints and uncertainty over the election outcome, a report said Monday. According... Read more »
Twenty-five years after founding private airline Jet Airways, Naresh Goyal and his wife Anita Goyal have stepped down from the board of the company. Naresh Goyal will also cease to be the... Read more »
Housing finance companies (HFCs) have been facing tight liquidity conditions since September 2018 and this has pushed them to lower their disbursements and meet a sizable portion of their fund requirement through... Read more »
Debt-ridden Reliance Communications Enterprises has pledged 4.52 per cent of its holding in Reliance Communications (RCom) amounting to 12.50 crore shares with private sector lender IndusInd Bank, as per a PTI report.... Read more »
Foreign investors have poured in a net amount of Rs 38,211 crore in the domestic capital markets in March so far, mainly on account of improved global liquidity. In February, foreign portfolio... Read more »
Online pre-owned good seller Olx, which is backed by over USD 20-billion Naspers group, will start focusing on monetising its India business after clocking a 10-fold growth, a top company official stated.... Read more »
Bengaluru-based digital wallet PhonePe had made waves in October 2017 when its parent Flipkart had announced a $500 million funding commitment to scale up its operations. Incidentally, PhonePe is ranked among the... Read more »
Global rating agency Fitch has cut its India’s economic growth forecast to 6.8 per cent for 2019-20 from the earlier estimate of 7 per cent due to weak momentum in manufacturing and agriculture. However, it said India economic... Read more »
Bajaj Auto International Holdings BV is in talks to offload its 48 per cent stake in Austria-based KTM AG to its parent company KTM Industries AG, which is Europe’s biggest sport motorcycles producer. Bajaj Auto informed Indian stock exchanges... Read more »
The country’s telecom subscriber base for the third time has crossed the 120-crore mark with Reliance Jio, BSNL and Airtel adding new customers in January, according to a report released by telecom regulator Trai.... Read more »