EditorsPicks News

Air India employees to invest 1 lakh each to get Maharajah out of his misery

Air India employees to invest 1 lakh each to get Maharajah out of his misery

New Delhi: The employees of debt-laden Air India seem to have promised themselves of bringing the ailing national air carrier to life. A group of 209 employees from Air India have reportedly bid for managing the national carrier.  Each employee is expected to contribute Rs 1 lakh for the bid. T...

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Hits & Misses: What India Inc thinks about RBI's latest rate announcement

Hits & Misses: What India Inc thinks about RBI's latest rate announcement

Mumbai: The Reserve Bank of India had a busy Friday. Besides a hold on revision of crucial lending rates the RBI announced a detailed statement on new policy measures with an objective to deepen the efficiency of the country's financial markets.  Along with the Governor's statement and the MPC ...

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The steroid of optimism: 5 key take-aways from RBI MPC

The steroid of optimism: 5 key take-aways from RBI MPC

Mumbai: The Indian markets had expected the RBI and the six member Monetary Policy Committee from revising crucial lending rates. The RBI MPC did exactly as the markets had forecast (or believed).  The announcement was on the crucial bank lending rates was a unanimous one -- policy repo rate an...

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Initial response from investors for PMC Bank positive : Das

Initial response from investors for PMC Bank positive : Das

Mumbai: The Reserve Bank of India (RBI) expects resolution plans for Mumbai-based Punjab and Maharashtra Co-operative (PMC) Bank soon as initial response from investors have been positive.At the post MPC meeting conference, RBI Governor Shaktikanta Das said that response to expression of interest (E...

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German power equipment maker Senvion sells its India operations

German power equipment maker Senvion sells its India operations

New Delhi: Power equipment maker Senvion GmbH has entered into contractual agreements to sell 100 per cent of its Indian operations, Senvion India, to Dubai-based fund GREDHCL (Global Renewable Energy Development Holding Company Limited).Senvion had previously ringfenced the Senvion India business, ...

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E-commerce industry sees 56% growth in festive orders: Report

E-commerce industry sees 56% growth in festive orders: Report

New Delhi: India's e-commerce industry reported nearly 56 per cent growth in order volume this festive season amid the pandemic as compared to the same period last year, said a new report on Friday.The increase in order volume also led to the 50 per cent growth in gross merchandise value (GMV) as co...

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DBS India gets Rs 2,500 cr cheque from Singapore for LVB amalgamation

DBS India gets Rs 2,500 cr cheque from Singapore for LVB amalgamation

Mumbai: DBS Bank India Ltd (DBIL) on Friday revealed that it has received capital infusion of Rs 2,500 crore from its parent firm to support in the amalgamation with Lakshmi Vilas Bank.  In a release DBIL said that DBS Singapore had released the funds to support the India franchise. The scheme ...

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The Zodiac signs of India's richest Women

The Zodiac signs of India's richest Women

A reading into the Zodiac signs of India's 100 richest Billionairesses reveals that Cancer, Scorpio, Aquarius, Pisces, Leo, Virgo, and Aries are Zodiac signs of the wealthy women of the country. 52 of 100 rich Indian women were either Cancerian, Scorpion, Piscean, Aquarius, or Leo.  Wealth trac...

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Gold in December: These 5 factors will lead to increase in Gold rates

Gold in December: These 5 factors will lead to increase in Gold rates

As we move into the final month of this eventful year, market sentiment is mixed as investors seem to be weighing the mounting virus case count against optimism of vaccine breakthroughs.  On the surface, risk and uncertainty seem to have ebbed as the progress made on the vaccine front has spurr...

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Bullion-Suprise: Gold up by Rs 1,000 in mere two days

Bullion-Suprise: Gold up by Rs 1,000 in mere two days

Mumbai: Bullion markets have rallied in the last two trading sessions causing gold rates in India to fluctuate upwards by a margin of Rs 1,000.  Although Gold rates slipped by a margin of 4 percent across India in the month of November, the recovery in December is reportedly much faster.  ...

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