Business

The rupee opened strong at 69.38 at the interbank forex market, then gained further ground and touched 69.24, displaying gains of 13 paise over its last close.

Yes Bank on Friday had reported its highest ever quarterly loss of Rs 1,507 crore for the period ended March on the back of provisions against bad loans.

The National Company Law Tribunal (NCLT) had referred Ruchi Soya for insolvency in proceedings on the application of financial creditors Standard Chartered Bank and DBS Bank.

In a late evening e-mail to the Prime Minister, the guild also sought government's directive to "stop de-registration" of the airline's aircraft, which are now being leased by other domestic carriers.

One of the provisions in the passenger charter has been implemented by the national carrier through the aforementioned decision that will come into effect from May 1.

The customers under the tie-up arrangement will be provided loans in the range of Rs 20 Lakh to Rs 300 Lakh and preferential pricing by Syndicate Bank.

The Trump administration on Monday decided not to renew waiver that let countries like India buy Iranian oil without facing US sanctions.

The data showed that 2.34 lakh women subscribers joined the ESIC scheme in February 2019 while around 12.69 lakh men enrolled under the scheme.

Reliance Industries, HDFC and ICICI Bank were the top drags on the S&P BSE Sensex.

The series of statements followed a ruling by Master David Cook, a judge in the Queen's Bench Division of the Royal Courts of Justice in London, earlier this week which went against Mallya.

The company did not provide value of the contracts but said the orders fall under "significant" category which ranges between Rs 1,000 crore and Rs 2,500 crore as per its classification of contracts.

Shares of the SpiceJet jumped as much as 15 percent on news that Jet Airways had suspended its operations.

The 90-seater variant is part of SpiceJet's second purchase order for up to 50 Q400 turboprops placed in September 2017 worth USD 1.7 billion.

Once India's largest airline with a fleet of 123 aircraft, Jet Airways has now been reduced to a meagre five-plane operation as losses crossed over Rs 10,000 crore.

On the reforms undertaken by the Narendra Modi-led NDA government, he said the three major areas of initiatives were the implementation of the Goods and Services Tax (GST), Insolvency and Bankruptcy Code (IBC) and direct benefit transfer (DBT).

IT companies, now facing a margin squeeze in traditional outsourcing, are helping global clients to transform legacy businesses using digital services, automation and artificial intelligence.