Business
Gold Imports up 35.5% During April-June, Says Commerce Ministry
India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. In volume terms, the country imports 800-900 tonnes of gold annually.
Five Game-Changing Announcements by Reliance That Will Revolutionise the Way You Live
Apart from launching Jio Fiber at RIL’s 42nd annual general meeting, chairman Mukesh Ambani also announced Reliance’s deal with Saudi Aramco and BP for 49 per cent and 20 per cent stakes, respectively, in Reliance oil-to-chemical and retail businesses.
Syndicate Bank Expects Rs 4,000 Crore from NPA Recovery in FY20
The bank has recovered about Rs 800 crore in the first quarter. Besides the current fiscal target, it is likely to get fund from the government during the financial year for pushing up credit growth.
Yes Bank Drops 3% After Announcing Management Reshuffle Plans
Yes Bank shares were trading at Rs 88.05, down 1.23%, after hitting an intra-day low of Rs 86.65. Notably, the stock has crashed nearly 77% in the last one year.
Three RBI Decisions That Will Help India Become a ‘Less-Cash’ Economy
The Bharat Bill Payment System, NEFT, and Central Payment will help India on its way to becoming a digitised economy.
RIL, Indiabulls Housing, Tata Steel, IRB Infra, DHFL Among Key Stocks in Focus on Day of RBI Policy Review
Reliance Industries Ltd (RIL), Indiabulls Housing Finance, Tata Steel, IRB Infrastructure, DHFL and D-Mart were among the key stocks in focus today
Sterling and Wilson IPO Opens Today: Key Details Should Know Before Investing
The IPO will be open for subscription from 6 August to 8 August. If you are planning to invest money in this issue, here are the key details you should know.
State-owned ONGC, IOC Get New Directors
ONGC in a statement said Rajesh Kumar Srivastava has taken over as the new director (exploration), replacing A K Dwivedi who superannuated last week. Sandeep Kumar Gupta has taken over as the director (finance) of the company.
SBI Shares Drop 5% as Brokerages Cut Price Target After Quarterly Results
Brokerages like Jefferies, CLSA, Citi, Kotak and IDFC cut their 12-month price target on SBI shares due to the elevated stress on the bank’s balance sheet.
SBI Posts Q1 Profit of Rs 2,312 Crore, Shares Drop 3%; Key Takeways from Earnings
State Bank of India's stock, however, dropped nearly 3% to Rs 308.25 in afternoon trade immediately after the earnings announcement.
Bharti Airtel Slips into Red after 14 Years, Posts Rs 2,866 Crore Loss in Q1
The revenue of the Sunil Mittal-led company rose 4.7 per cent to Rs 20,738 crore during the first quarter ended June 2019 as against Rs 19,799 crore in the year-ago period.
Mindtree Shares Held by CCD Owner VG Siddhartha Attached Without Notice, Say Sources
Siddhartha was under the scanner of I-T department and the ED for alleged irregularities in his association with information technology company Mindtree Ltd.
37-year-old BYJU's CEO Becomes India’s Newest Billionaire
The teacher-turned-entrepreneur set up Think & Learn in 2011, offering online lessons before launching BYJU’s in 2015. The online app was launched in Bengaluru and has achieved a valuation growth of almost $6 billion in about seven years.
Vodafone Idea Shares Crack over 25% After Dismal Q1 Earnings
Vodafone Idea posted net loss of Rs 4,873.9 crore in the June quarter against loss of Rs 4,881.9 crore in the preceding March quarter.
ICICI Bank Posts Q1 Standalone Net Profit of Rs 1,908 Crore
Total income on standalone basis in the reported quarter rose to Rs 21,405.50 crore from Rs 18,574.17 crore a year earlier, ICICI bank said in a regulatory filing.
IBBI Sets 1 Year Deadline for Completion of Liquidation Process, 90 Days for Compromise by Stakeholders
The IBBI on Friday notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2019, and the IBBI (Liquidation Process) (Amendment) Regulations, 2019.
