Business
Disney Hikes Bid for Fox Assets to $71.3 Billion, Tops Comcast
The new cash-or-stock deal may be attractive to Fox's largest shareholder, Rupert Murdoch, who owns 17 percent voting shares along with his family. The Murdochs face a large capital gains tax bill under Comcast's all-cash offer. Disney's previous offer wa...
Global Indexes Drop as Donald Trump Threatens More China Tariffs
Trump's new proposal calls for a 10 per cent tariff on $200 billion in goods, and Beijing said it would respond with "comprehensive measures." It doesn't import enough goods from the US to match the scale of Trump's proposal but could adopt other methods.
Chanda Kochhar Told to Go on Leave Over Conflict of Interest Case, Sandeep Bakhshi to Run ICICI Bank
The bank has appointed Sandeep Bakhshi, who is currently MD and CEO of ICICI Prudential Life Insurance, as the chief operating officer.
Asian Markets Tumble as Trump Tariffs Spark Trade War Fears
Energy firms were among the biggest losers as oil prices plunged ahead of a key OPEC meeting, where Saudi Arabia and Russia are expected to lift a two-year-old production cap.
WPI Inflation Spikes to 14-Month high of 4.43% in May on Costlier Fuel
May inflation at 4.43 per cent was a 14-month peak. The previous high was in March 2017, when the WPI inflation stood at 5.11 per cent.
GST Payers can Approach Jurisdictional Tax Officer to Change Username, Password
Taxpayer would be required to approach the concerned jurisdictional tax officer to get the password for the GSTIN allotted to the business. Taxpayers can check jurisdiction through 'Search Taxpayer' option available on GST portal.
Fortis Healthcare Pulls Out of Amalgamation Scheme With Fortis Malar, SRL
The scheme could not be completed even after 19 months due to reasons beyond the company's control, Fortis Healthcare said in a statement late on Wednesday. Fortis Malar runs a super speciality hospital in Chennai while SRL operates a chain of pathology...
Sensex Rises 84 pts, Nifty Above 10,800
Prominent gainers were Dr Reddy's, Wipro, Adani Ports, M&M, Bharti Airtel, Tata Motors, SBI, IndusInd Bank,ITC Ltd, Sun Pharma, L&T, TCS and Asian Paints, rising by up to 1.80 per cent.
Piyush Goyal Says Govt Committed to Supporting All State Banks
Goyal said a panel headed by Punjab National Bank CEO Sunil Mehta would examine whether banks needed to set up an asset reconstruction company for faster resolution of stressed lenders.
Rupee Sheds 17 Paise Against US Dollar
Yesterday, the RBI hiked the policy rate for the first time in over four years -- by 0.25 per cent -- to curb inflationary pressures from high oil prices.
Govt Clears Revised Norms for Time-bound Closure of Sick PSUs
The guidelines accord first priority to utilisation of land of central public sector enterprises (CPSEs) under closure for affordable housing as per the relevant guidelines of the Ministry of Housing and Urban Affairs.
Parliamentary Panel Seeks Road Map on NPA Problem, Enquires About 'Nepotism' in ICICI Bank
Some members quizzed the bank officials whether "aggressive lending" during the successive UPA governments was the reason for the mounting NPAs in the banking system, especially in state-owned lenders.
Sensex Slips 137 Points Ahead of RBI’s Monetary Policy Meeting
The rupee advanced by 21 paise to a fresh one-month high of 66.85 against the dollar in early trade today.
Positive Economic Data Drives Increase in Consumer Sentiment in May: Report
The GICI (Genesis India Consumer Indicator)- a monthly indicator tracking consumer sentiment pan India across personal finances, business conditions and buying conditions - increased slightly to 60.45 in May from 59.04 in April, as per the report.
AirAsia Shares Hit as India Probes Fernandes
The Central Bureau of Investigation said Tuesday it was probing allegations that Fernandes illicitly lobbied Indian officials for favourable treatment for his Malaysian-based carrier.
Sensex Logs First Loss in Four Days as Banks Play Spoilsport
With investors locking in gains towards the middle of the session, the 30-share Sensex ended at 34,949.24, down 0.61 per cent. The BSE gauge touched a low of 34,922.18 in intra-day.