Business

KKR in a statement Tuesday said it had invested in the popular coffee chain nine years ago and part-exited the investment last year.

Finance Minister Nirmala Sitharaman, in her budget this month, raised taxes on people earning more than 10 million rupees ($145,000) a year to at least 42.7%.

Affle (India) has already raised about Rs 206.55 crore from 15 anchor investors by allotting 27,72,483 equity shares at a price of Rs 745 on 26 July.

Pfizer has focused on drugs that are expected to maintain patent protections for some time, both those it has developed on its own and those it has acquired through takeovers.

At the Interbank Foreign Exchange, the rupee opened weak at 68.92 then fell to 68.95 against the US dollar, showing a decline of 6 paise over its previous closing.

Finance and Corporate Affairs Minister Nirmala Sitharaman said the draft law will also ensure more accountability and better enforcement to strengthen the corporate governance norms.

On a standalone basis, net profit was down 75% to Rs 68.40 crore in the June quarter as against Rs 269.10 crore a year ago. Income rose 24% to Rs 2,412.50 crore from Rs 1,939.70 crore a year ago.

Acknowledging the "discernible improvements in the banking sector," RBI governor Shaktikanta Das pointed out that there still are several challenges to be addressed, particularly in regard to stressed asset resolution and credit flows to the needy sectors...

Apart from seven Acts related to indirect taxation being amended, the government would also be bringing changes to seven laws related to direct taxation.

The company’s revenue in rupee terms fell 0.3% quarter-on-quarter to Rs 1,834.2 crore, but dollar revenue rose 0.8% to $264.2 million. In constant currency terms, Mindtree grew 1.1% sequentially in the June quarter.

Donald Trump kicked off a trade war with China last year by slapping 25% duties on more than $250 billion of Chinese imports, demanding Beijing to reduce the massive trade deficit which climbed to over $539 billion.

Vegetable inflation softened to 24.76 per cent in June, down from 33.15 per cent in the previous month.

Whether it is the hard landing of the parent of country's largest airline IndiGo with a co-founder alleging serious governance lapses or the IL&FS fiasco, the situations have thrown up catchy phrases from individuals as well as regulators.

Last week, PNB reported a fraud worth Rs 3,805.15 crore by the bankrupt steel company BPSL by misappropriating bank funds and manipulating its books of accounts.

Talking about his spat with Vishal Sikka, Infosys' first non-promoter chief executive who quit in 2017, he said he had to speak up when he saw core values of the IT giant being thrown into the 'dustbin'.

Back in June, KPR Mill had proposed to buy back up to 3.7 million shares of the company at a price of Rs 702 apiece for an aggregate amount of Rs 263.3 crore, with 17 June fixed as the record date for the buyback.