Business
Zomato Looking to Raise up to $600 Million Next Month, Confirms Founder Deepinder Goyal
Founder Deepinder Goyal said that good companies can raise money in hard times or good times and said that the company is making all efforts to achieve its mission of raising $500-600 million by next month.
Vodafone Idea Shares Fall Over 5 Percent on Rating Downgrade on Non-convertible Debentures
Vodafone Idea shares plunged 5.56 per cent to Rs 7.31 apiece on the BSE. The stock touched a low of Rs 7.01, down 9.43 per cent over the previous close.
No Decline in Household Consumer Expenditure, Says Govt
Speaking about a draft consumer expenditure survey (CES) report for 2017-18, the minister said the government has not published the report from the Central Statistics Office (CSO) as concerns were raised about its "ability and sensibility".
Alibaba Raises Further $1.7 Billion in Over-allotted Shares in Hong Kong Listing
Alibaba on November 20 raised up to $12.9 billion in a landmark listing in Hong Kong, the largest share sale in the city in nine years and a world record for a cross-border secondary share sale.
Bharti Airtel Shares Stage Marginal Recovery; Vodafone Idea Dips 9 Percent
On the NSE, Airtel's shares closed at Rs 460.85 apiece, up 0.49 per cent. While Vodafone Idea shares dived 9.50 per cent to end at Rs 7.05 apiece on the BSE.
Former BPSL CMD Sanjay Singal Moves Court Seeking Bail in Money Laundering Case
The application was filed before Special Judge Illa Rawat, who is likely to hear the application on December 5, when Singal's two-week custodial interrogations at the hands of ED are scheduled to end.
Railways' Operating Ratio in 2017-18 was 98.44%, Worst in 10 Years: CAG
A measure of expenditure against revenue, the ratio shows how efficiently the railway is operating and how healthy its finances are.
GDP Not Bible or Ramayana, Won't be Relevant in Future: BJP MP Nishikant Dubey's Bizarre Claim in Lok Sabha
This comes days after India’s gross domestic product (GDP) growth rate slipped to 4.5% for the July-September quarter of the ongoing financial year. This is the lowest since the January-March quarter of 2013.
DHFL Shares Fall Nearly 5% as RBI Starts Insolvency Resolution Process
Shares of the troubled firm fell 4.83 per cent to trade at Rs 19.70 on the BSE. On the NSE, the stock fell 4.83 per cent to Rs 19.75.
Ujjivan Small Finance Bank IPO Opens for Subscription Today: All You Need to Know
Ujjivan Small Finance Bank has launched the IPO at a price band of Rs 36-37 per equity share, a premium of Rs 26-27 over its face value of Rs 10 each.
CAIT Seeks Action Against Flipkart, Amazon for FDI Norms Violation, Calls Them 'Economic Terrorists'
However, a Flipkart spokesperson vehemently denied the allegations and said the company operates through a marketplace model in India and is fully compliant with all the laws of the country, including all FDI regulations.
AAI Recommends Centre to Privatise 6 Airports, Including Amritsar, Varanasi
The AAI, which works under the Ministry of Civil Aviation, owns and manages more than 100 airports across the country.
Fiscal Deficit for April-October at 102.4%, Exceeds Full-year Target
The fiscal deficit, or the gap between expenditure and revenue, was at Rs 7,20,445 crore as on October 31, 2019. The deficit was at 103.9% of 2018-19 Budget Estimate (BE) in the corresponding month a year ago.
Cut in Corporate Tax Rate was Needed to Spur Investments, Boost Growth: CEA KV Subramanian
Economic survey released in July this year laid out strategic steps for India to become a USD 5 trillion economy with special emphasis on investment as the key driver for the economic development with consumption being the force multiplier, he said.
Rupee Slips 11 Paise to 71.73 Against US Dollar Ahead of Release of GDP Data
Forex traders said rupee is trading in a narrow range as investors are also awaiting clarity on the US-China trade front.
Rupee Opens on a Flat note, Inches up 3 paise to 71.32 Against US Dollar
Forex traders said, the domestic unit was trading in a narrow range as investors await clarity on the US-China trade front.