DHFL defaults on Rs 8.07 cr bond repayments
Global funds line up for Yes Bank’s $400-million QIP
The bank is looking to shore up its capital base due to a spike in bad loans.
Oil steadies after global demand worries spark fall
US WTI crude were 12 cents, or 0.2 per cent, higher at $55.99 a barrel.
- ADB sanctions Rs 1,925 cr power project in Tripura.
- Kolkata East West Metro will ferry 1 million people a day by 2035: Railway official.
Odisha farmers spend Rs 2,403 to produce a quintal of paddy, get only Rs 1,815
Compared to an estimated cost of production of paddy at Rs 2,403 a quintal in Odisha, farmers in the state lose Rs 588 .
Cox Kings defaults on Rs 174-cr commercial papers
British PM Boris Johnson promises a bold new Brexit deal
The pound is weak, the economy at risk of recession, allies are in despair at the Brexit crisis and foes are testing Britain’s vulnerability.
Government Panel Approves 3,050 Crores Fine For Attempted Stifling Of Jio
Reliance Jio, built at a cost of over $30 billion by India’s richest man Mukesh Ambani, offered free services for months after its launch.
Nokia Q2 beats forecasts on solid demand; maintains outlook
Nokia said its second-quarter revenue rose 7 per cent YoY to 5.69 billion euros.
WhatsApp to roll out payments in India later this year
The Facebook-owned company, which has over 1.5 billion users globally, is looking rolling out its payments service in other markets as well.
India to raise significant portion of sovereign overseas borrowing via 30-year bonds
FM Sitharaman had announced the plan to raise $10 billion via overseas sovereign bonds.
- Quess Corp Standalone June 2019 Net Sales at Rs 1,615.88 crore, up 24.52% Y-o-Y
- Tejas Networks Standalone June 2019 Net Sales at Rs 160.56 crore, down 31.8% Y-o-Y.
- Liberty Shoes Standalone June 2019 Net Sales at Rs 168.19 crore, up 15.08% Y-o-Y.
Amrapali Diverted Homebuyers’ Money To Firm Linked To MS Dhoni: Auditors
The forensic audit report said that Amrapali Sapphire Developers Pvt Ltd had paid Rs 6.52 crore to RSMPL during 2009-2015.
Bajaj Finance Net Profit Rises 35% In June Quarter, Asset Quality Stable
Bajaj Finance’s net interest income for the first quarter of current financial year rose 43 per cent to Rs 3,695 crore from Rs 2,579 crore in the same quarter last year.
Bajaj Finance Q1 net jumps; Here are the key takeaways
Loan losses and provisions spiked 69 per cent to Rs 551 crore for the quarter.
Amrapali Group purchased gold bars from Noida based diamantaire for personal use Supreme Court directs the amount be recovered from the management of the company.
Assocham seeks inclusion of petroleum products in GST
The chamber suggested to the GST Council that sale of scrips issued for different duty drawbacks and market promotion should not be subjected to levy of Goods and Services Tax (GST).
ICRA Downgrades Long-Term Ratings Of Yes Bank
Yes Bank’s gross non-performing advances (GNPAs) as well as BB and below rated exposures increased to Rs 41,558 crore as on June 30 from Rs 30,772 crore as on March 31
Proposed Insolvency Law Amendments Credit Positive For Banks: Moody’s
The Union cabinet had, on July 18, approved proposed amendments to the Insolvency and Bankruptcy Code (IBC)
Tata Motors Reports Net Loss Of Rs 3,698 Crore In June Quarter
Tata Motors had posted a net profit of Rs 1,117.48 crore for the March quarter, down 47.42 per cent on a year-on-year basis.
India To Get Above-Average Monsoon Rains In Next Two Weeks: Weather Office
India has received 17per cent less rain than average since the monsoon season began on June 1
Annual Air Passenger Traffic To Touch 100 Crore: Civil Aviation Minister
Earlier this month, the Cabinet approved leasing out the Ahmedabad, Lucknow and Mangaluru airports to the Adani group. All the six airports were won through bidding by the Adani group.
- Jubilant Ind Consolidated June 2019 Net Sales at Rs 152.55 crore, up 14.48% Y-o-Y
- PVR Consolidated June 2019 Net Sales at Rs 880.39 crore, up 26.44% Y-o-Y
- Grindwell Norto Consolidated June 2019 Net Sales at Rs 411.36 crore, up 7.93% Y-o-Y
- Ambuja Cements Consolidated June 2019 Net Sales at Rs 7,068.79 crore, up 3.42% Y-o-Y
Bad Loans Declined By Over Rs 89,000 Crore Till March 2019
According to the data, aggregate gross advances of PSBs increased from over Rs 18.19 lakh crore as on March 31, 2008 to more than Rs 52.15 lakh crore as on March 31, 2014
Sector Slowdown Could Impact Turnaround Time For Monnet Ispat: JSW Steel
A trade war between the US and China and a slowdown across various sectors in India has pushed steel prices down by 30 per cent since last year
- Biocon Q1 profit surges 72% to Rs 206 crore
- Mphasis Q1 profit up 2.4% at Rs 265 crore
- NCLT approves Patanjalis Rs 4,325cr bid for Ruchi Soya: Report