Business
Patanjali Offers 30% More Than Adani's Rs 3,300 Crore Bid to Acquire Ruchi Soya: Report
The latest bid is around 30 per cent higher than that of the Adani group, which is also in the race to acquire the company with its offer of around Rs 3,300 crore.
India's Coal Import Declines 9% to 17.32 Million Tonnes in April
"Coal import (all types of coal) in April 2018 stood at 17.32 MT (provisional), about 9 per cent lower than 19.08 MT recorded for April 2017," mjunction services, a joint venture between Tata Steel and SAIL said in a statement.
Russia, Saudi Arabia Signal Oil Production Boost
Russia and Saudi Arabia are the key movers behind a pact between OPEC and other producers that has limited production since 2017 but which experts fear may soon lead to a spike in prices.
Drug Major Cipla Posts Q4 Net Profit at Rs 153 Crore
Total income from operations during 2017-18 stood at Rs 15,219.25 crore. It was Rs 14,630.24 crore in the preceding year.
Rupee Recovers from 16-Mth Low, Up 15 Paise Against US Dollar
Yesterday, the rupee had lost 12 paise to close at a fresh 16-month low of 68.12 against the US currency on sustained dollar demand from importers and corporates amid weak global cues.
IT Department Cautions TDS Deductors Against Quarterly Filing Default
The Central Board of Direct Taxes (CBDT), that frames policy for the department, issued an advertisement in leading national dailies in this context.
Land Acquisition Woes Thwart Govt's Mega Refinery Plan With Saudi Aramco
The huge project was touted as a gamechanger for both parties - offering India steady fuel supplies and meeting Saudi Arabia's need to secure regular buyers for its oil.
Fraud-hit PNB Rapped For Not Making Timely Regulatory Disclosures
The compliance and monitoring arm of the Securities and Exchange Board of India (SEBI), in a letter on May 15, noted delays of one to six days on the part of the lender in making disclosures about the fraud, PNB said in a securities filing on Thursday.
PNB Shares Tank Over 12 Per Cent After Biggest Ever Loss by an Indian Bank
The bank's stock tanked 12.15 per cent to end the day at Rs 75.55 on BSE. Intra-day, it slumped 13.60 per cent to Rs 74.30-its 52-week low level.
Sebi Rejects Rose Valley Director's Plea to Revoke Market Ban
In an order on Tuesday, Sebi Whole Time Member G Mahalingam said the directions were passed against Abhijit Dutta, a director at Rose Valley Hotels and Entertainment Ltd, after carefully weighing his role as the CEO and director of the company which resor...
Canara Bank Posts Rs 4,860 Crore Loss in Q4 as NPA Provisions Jump 3-Fold
Asset-wise, there was fall in quality as gross non-performing assets (NPAs) rose to 11.84 per cent of gross advances by the end of March 2018 from 9.63 per cent by end-March 2017.
Suresh Prabhu Seeks US Help to Locally Manufacture Aircraft
Prabhu told the sixth Indo-US aviation summit that such cooperation will offer great business opportunities to American companies already present in the country.
Sensex Vaults 293 Points on Robust Buying, Shrugs Off Crude Oil Spike
Sensex rallied almost 293 points to finish at 35,208.14, while the broad-based Nifty reclaimed the 10,700-level with a 97-point leap. This has been the highest closing since February 1, 2018.
Airline Shares Face Turbulence; Jet, IndiGo Stocks Tumble up to 20% in 3 Days
On May 2, InterGlobe, which operates the country's leading carrier IndiGo, reported 73 percent decline in profit after tax (PAT) to Rs 117.64 crore for the March quarter as higher fuel costs and foreign exchange loss took a toll on its bottom line.
Big Wilful Defaulters Owe Punjab National Bank Rs 15,172 Crore
The liability on such defaulters rose by 1.8 per cent from Rs 14,904.65 crore in February.
Vedanta, ONGC Top Bidders in Oil Block Auction Shunned by Domestic and Global Pvt Majors
Vedanta bid for all the 55 blocks while ONGC bid for 37 blocks either on its own or in consortium with other state-owned firms. State-owned Oil India Ltd (OIL) bid for 22 blocks in a similar fashion.