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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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Franklin Templeton urges investors to vote for winding up of 6 schemes

Franklin Templeton urges investors to vote for winding up of 6 schemes

Delhi: As the Supreme Court has directed Franklin Templeton Mutual Fund to seek consent of the unit-holders for winding up the six schemes, the mutual fund house urged the investors to vote in favour of the closure, suggesting that it would result in the "best possible outcome" for them.In a letter ...

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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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Sensex hits 45,000 mark for first time ever

Sensex hits 45,000 mark for first time ever

Mumbai: The BSE Sensex crossed the 45,000 mark for the first time ever, after the RBI Governor Shaktikanta Das said that the accommodative stance would continue for the rest of FY21 and revised the growth prospects.Around 11.10 a.m., Sensex touched an all-time high of 45,033.19 points.The Nifty50, a...

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63 moons to challenge SEBI order on STP Gate Services

63 moons to challenge SEBI order on STP Gate Services

New Delhi: 63 moons technologies on Friday said it would challenge the SEBI order, which rejected its renewal application for providing STP Gate Services, and take appropriate legal action in the higher judiciary forum.Expressing disbelief at the SEBI order rejecting the approval for providing STP G...

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