News

DHFL#39;s lenders willing to go extra mile to finalise rescue package: Sources

MoneyControl Business News - 2 hours 44 min ago
DHFL is in talks to sell both its retail and wholesale loan portfolio and is also looking for an equity infusion by bringing in a strategic partner and is in final stages of completing the deal, a senior official involved in the restructuring talks said.
Categories: Business News

Taxmen detect Rs 37,946 crore fraud in FY19

MoneyControl Business News - 2 hours 52 min ago
Besides, cases of tax credit availment by issue of fake invoices were of Rs 11,251 crore in 2018-19 and Rs 2,805 crore in April-June of the current fiscal, Minister of State for Finance Anurag Thakur said.
Categories: Business News

OYO acquires Innov8 to enter co-working business with multi-brand approach

MoneyControl Business News - 2 hours 57 min ago
The debut of OYO Workspaces follows a multi-brand approach with introduction of three brands -- Innov8, which is an upper mid-scale brand, Powerstation, a mid-scale brand, and Workflo, which is an economy brand.
Categories: Business News

Banks bad loans down at Rs 9.34 lakh crore at FY19-end, says Nirmala Sitharaman

MoneyControl Business News - 2 hours 58 min ago
The government has instituted a comprehensive 4R#39;s strategy for recognition of non-performing assets (NPAs) transparently, resolution and recovery of value from stressed assets, recapitalising of public sector banks (PSBs) and reforms in PSBs so as to reduce their bad loans.
Categories: Business News

Johnson & Johnson beats profit estimates on pharma strength, raises sales outlook

Reuters Business News - 2 hours 59 min ago
Johnson & Johnson hiked its full-year operational sales forecast as strong demand for its cancer drugs Darzalex and Imbruvica helped it beat estimates for second-quarter profit on Tuesday.
Categories: Business News

Founder of Germany's Evonik, Werner Mueller, dies aged 73

Reuters Business News - 2 hours 59 min ago
Werner Mueller, the founder of German chemicals group Evonik and a former economy minister, has died aged 73, the company said on Tuesday.
Categories: Business News

Market Wrap, July 16: Sensex adds 234 pts, Nifty holds 11,650

Business Standard - 3 hours 2 min ago
The indices touched intra-day highs of 39,174 level at the Sensex and 11,670 level at the Nifty50
Categories: Business News

HC seeks Centre, Delhi govt response on plea to link property with Aadhaar

Business Standard - 3 hours 2 min ago
A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notices to the Central and Delhi government on the petition and listed the matter for further hearing on October 15
Categories: Business News

Hong Kong retailers forecast sharp drop in sales as protests rock city

Reuters Business News - 3 hours 4 min ago
Hong Kong retailers said on Tuesday they expect sales for July and August to drop by double-digits from a year earlier due to large and sometimes violent protests that have gripped the Chinese-ruled city for more than a month.
Categories: Business News

Oil gains as Iran tensions outweigh U.S. supply boom

Reuters Business News - 3 hours 4 min ago
Oil prices rose on Tuesday as tensions in the Middle East outweighed the impact of a resumption of production in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply from shale oil.
Categories: Business News

India's Nayara Energy to invest $850 million to build petrochemical plant

Reuters Business News - 3 hours 6 min ago
Russian oil major Rosneft-backed Indian refinery Nayara Energy said on Tuesday it will be investing $850 million to expand into petrochemical.
Categories: Business News

Argentina ranchers kill the fatted cow amid cash crunch, turn to China

Reuters Business News - 3 hours 6 min ago
Argentina's world-famous ranchers are culling their breeding cows at the highest rate in 30 years and tapping Chinese demand for meat in order to help pay their bills as access to credit has dried up for farmers in South American's No. 2 economy.
Categories: Business News

DUET result 2019 declared on nta.ac.in: Steps to check marks, answer key

Business Standard - 3 hours 9 min ago
Delhi University DUET Result 2019 declared: This is the first time National Testing Agency conducted the entrance examination that was conducted from July 3 to 8, 2019
Categories: Business News

SoftBank-backed Oyo buys shared office startup Innov8 for $30 million

Reuters Business News - 3 hours 14 min ago
Indian hotel startup Oyo said on Tuesday it has bought local co-working venture Innov8, as the SoftBank-backed hospitality chain looks to venture into the commercial real estate business under the brand name Oyo Workspaces.
Categories: Business News

Pak opens airspace, Air India says will save Rs 20 Lakh per flight to US

Business Standard - 3 hours 17 min ago
After Pakistan closed its airspace following the Balakot air strikes of February 26, Air India suffered a financial loss of around Rs 491 crore
Categories: Business News

I-T cess on top earners: India Inc fears higher pay demands to offset tax increase

MoneyControl Business News - 3 hours 25 min ago
Executives may jump ship to get the expected hikes
Categories: Business News

Sensex, Nifty close higher as Tata Motors, Yes Bank surge

Reuters Business News - 3 hours 25 min ago
Indian shares ended higher on Tuesday, led by strong gains in Yes Bank Ltd ahead of its quarterly results, while Tata Motors Ltd saw its best day in nearly two months.
Categories: Business News

General insurers see 10% premium growth in Q1, PSU insurers take top two spots

MoneyControl Business News - 3 hours 28 min ago
Standalone health insurers posted 41.6% growth in Q1, growing faster than the industry.
Categories: Business News

Govt plans to hold roadshows, meet prospective buyers for Air India sale

Business Standard - 3 hours 31 min ago
The plan is being prepared after the government's attempt to partially exit the carrier failed to attract any bidder last year
Categories: Business News

Khamenei vows Iran will respond to UK 'piracy' over tanker seizure

Reuters Business News - 3 hours 33 min ago
Iran's supreme leader, Ayatollah Ali Khamenei, said on Tuesday Iran would respond to Britain's "piracy" over the seizure of an Iranian oil tanker in Gibraltar.
Categories: Business News