BUSINESS

Allcargo Logistics is currently trading at Rs. 94.60, up by 0.15 points or 0.16% from its previous closing of Rs. 94.45 on the BSE. The scrip opened at Rs. 95.30 and has touched a high and low of Rs. 96.10 and Rs. 94.35 respectively. So far 7215 shares were traded …

The share of foreign portfolio investments (FPI) in domestic capital markets through participatory notes (P-notes) has jumped to Rs 76,773 crore at the end of October from Rs 76,611 crore at September-end. Before registering gain in October, investments through P-notes had been declining continuously since June. At the end of …

With an aim to provide immunity to companies taking over stressed assets from prosecution for financial crimes committed by erstwhile promoters, the government is planning to amend the Insolvency and Bankruptcy Code (IBC). This will help make the insolvency process more attractive for the bidders and instil confidence in them. …

Minister of State for Finance and Corporate Affairs Anurag Thakur said the government has raised anxiety over fake invoices being generated in the business-to-business (B2B) segment which is impacting Goods and Services Tax (GST) mop-up. He also said this under-reporting has become a challenge for the government. Citing the recent …

The credit rating agency Fitch has said that a two-year moratorium for telecom companies to pay their spectrum dues and tariff hikes in mobile phone call and data charges from December 2019 may not be sufficient for Bharti Airtel and Vodafone-Idea to offset the impact of the Supreme Court ruling …

We live in a country where buying premium things such as clothes, a car, or a house at an auspicious occasion is considered harbinger of good luck. What is more promising than the start of a new year? With new year just around the corner, you can bring changes in …

IDBI Bank has amongst other parties entered Share Purchase Agreement (SPA) with Muthoot Finance (Buyer). IDBI Bank has agreed to sell its entire 66.67% equity shares in its subsidiary IDBI Asset Management and entire 100% equity shares in its subsidiary IDBI MF Trustee Company, to Muthoot Finance. Under the SPA …

ARSS Infrastructure Projects has bagged order of Rs 45.81 crore from office of the executive engineer Sunepur (R & B) division, Sonepm for construction of portal frame bridge and road from 2.385 km to 3.850 Km of ring road of Sonepur in the District of Subarnapur under deposit work. ARSS …

Ashoka Buildcon’s subsidiary — Ashoka Concessions (ACL) has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a highway project in Telangana worth Rs 1,000 crore. The company has received a LOA for the project viz Four laning of NH-161 from Kandi to Ramsanpalle …

Amid quiet domestic demand and weak investment activity, ratings agency ICRA has said it expects further deterioration in the growth of India’s Gross Domestic Product (GDP) to 4.7% in second quarter of current fiscal year (Q2FY20) from 5.0% in Q1FY20. It also forecast the country’s gross value added (GVA) at …

Welcoming the government’s decision to defer receipt of spectrum auction installments due from telecom service providers for years 2020-2021 & 2021-2022, India Inc has said that the move will provide headroom to the debt-laden telecom sector, generate employment opportunities for the potential workforce, drive consumer demand sentiments in the economy, …

Public sector banks (PSBs) have disbursed loans worth Rs 2.53 lakh crore during the festive month of October, as part of a government-mandated outreach programme. In order to boost credit availability in the economy, Finance Minister Nirmala Sitharaman had in September asked banks to reach out to customers and signal …

Tax-saving investments are an essential part of both salaried and non-salaried taxpayers as they offer tax deductions under various sections of the income tax act. As a smart investor, you should opt for investments that not only provide the benefits of tax exemptions but also helps you earn tax-free income. …

Tech Mahindra has signed a Memorandum of Understanding (MoU) with Business Finland, a government agency directed by the Finnish Minister of Employment and the Economy, for research and development (R&D) in 5G and 6G. The company will set up an innovation lab in Finland to foster growth and innovation. As …

Maruti Suzuki India is planning to introduce BS-6 petrol version of its two models, Brezza and S-Cross, before April 1, 2020, as the new Bharat Stage (BS) 6 fuel emission norms are set to kick in from April 1, 2020.The company will bring BS-6 petrol Brezza and S Cross in …

HDFC Bank has executed an agreement for subscribing to 41,228 debentures (CCDs) issued by Lentra AI (Lentra) which are compulsorily convertible into 41,228 equity shares of Lentra at Rs 1,697.87 per equity share (Transaction). The transaction is for acquiring 1.823% equity stake in Lentra (on a fully diluted basis) as …

Tata Power is currently trading at Rs. 55.45, up by 0.65 points or 1.19% from its previous closing of Rs. 54.80 on the BSE. The scrip opened at Rs. 55.50 and has touched a high and low of Rs. 55.80 and Rs. 55.05 respectively. So far 188339 shares were traded …

Power Finance Corporation is currently trading at Rs. 115.55, up by 0.50 points or 0.43% from its previous closing of Rs. 115.05 on the BSE. The scrip opened at Rs. 115.00 and has touched a high and low of Rs. 115.55 and Rs. 114.45 respectively. So far 16977 shares were …

Finolex Cables is currently trading at Rs. 361.75, up by 6.15 points or 1.73% from its previous closing of Rs. 355.60 on the BSE. The scrip opened at Rs. 359.00 and has touched a high and low of Rs. 367.00 and Rs. 359.00 respectively. The BSE group ‘A’ stock of …

Laurus Labs is currently trading at Rs. 335.00, up by 2.85 points or 0.86% from its previous closing of Rs. 332.15 on the BSE. The scrip opened at Rs. 329.95 and has touched a high and low of Rs. 341.70 and Rs. 328.00 respectively. So far 389 shares were traded …