Newsletter

SEBI has stipulated that all Asset Management Companies or AMCs must pay at least 20% of gross salary of KMPs or key management personnel as units of the scheme managed...

SBI central board will shortly consider raising up to $2 billion via issue of bonds in the current fiscal year. The decision is expected in the meeting of the Central...

RBI stipulated that private bank CEOs and MDs will have a maximum tenure of 15 years. This looks like a reaction to the Yes Bank case last year and could...

As India struggles for oxygen, the corporate sector is helping to ease the supply shortfall. Large Indian corporates are chipping in a big way. JSW Steel ramped up its liquid...

Banks that have just approved a debt recast plan for Future group are likely to withdraw the offer once the merger deal with Reliance Retail goes through. In the latest...

The state government of Maharashtra tightened COVID-19 curbs further with private transport permitted only for emergency or essential services effective from 8 pm on April 22 till May 1. All...

Nestle India reported 14.6% growth in net profit at Rs.602.50 crore for Mar-21 quarter helped along by double-digit growth in domestic sales and lower raw material costs. Net sales revenues...

Cement major, ACC Ltd, reported 74% growth in net profit at Rs.563 crore for the Mar-21 quarter. Consolidated sales revenues for the quarter were up 23% at Rs.4,213 crore in...

FPIs pulled Rs.4,615 crore from Indian equities in Apr-21 month-to-date. The negative sentiments among FPIs was triggered by the COVID resurgence and the stringent restrictions imposed by major states. FPIs...

Wipro reported 27.8% higher net profit of Rs.2,972 crore for the Mar-21 quarter, on the back of better operating margins during the quarter. However, the sequential profits were almost flat....