Mumbai (IANS) Despite negative trends in global markets, the key Indian equity market indices on Thursday opened higher ahead of the futures and options (F&O) contracts’ expiry. The Sensitive Index (Sensex) of the BSE, which had closed at 38,132.88 on Wednesday, … read more
New Delhi (IANS) Former State Bank of India (SBI) Chairman Arun Kumar Purwar tops the list of probable to head the interim board of Jet Airways, among others, sources told IANS. The other names doing the rounds include Janaki Ballav and … read more
Bengaluru (IANS) Infrastructure behemoth Larson & Toubro (L&T) Ltd on Tuesday offered to buy over 5.13 crore shares or 31 per cent of IT major Mindtree’s equity stake for Rs 5,030 crore at Rs 980 per share of Rs 10 face … read more
New Delhi (IANS) Days before the Lok Sabha election dates were announced, the government paved the way for Adani Power Limited (APL) to set up India’s first power sector special economic zone (SEZ) by amending guidelines. With the amendment to power-related … read more
New Delhi (IANS) The RBI’s latest step on the rupee-dollar swap mechanism will unleash Rs 35,000 crore liquidity in the system, while the credit situation is comfortable, a senior official source said on Monday. “The liquidity situation is comfortable, the dollar-rupee … read more
New Delhi (IANS) After returning to black in the last quarter, lending major Punjab National Bank (PNB) has set a recovery target of Rs 10,000 crore for the concluding Q4, said the company’s Managing Director and Chief Executive Officer Sunil Mehta. … read more
Kolkata (IANS) Bolstered by an encouraging trend in the last general elections and subsequent state assembly polls, many tour operators and travel companies are gearing up for poll tourism, mainly targeting foreign tourists as political parties gear up for the April-May … read more
New Delhi (IANS) The Bank of Baroda may get Rs 5,000 capital infusion from the Finance Ministry ahead of its united operations as a merged entity along with the Vijaya Bank and Dena Bank from April 1. In February, the government … read more
Bengaluru (IANS) Leading IT services firm Mindtree’s board of directors will meet on Wednesday to discuss the company’s proposed buyback, in the backdrop of diversified conglomerate Larsen and Toubro Ltd’s (L&T) bid to take over. “The proposed buyback will be discussed … read more
New Delhi (IANS) Union Civil Aviation Minister Suresh Prabhu on Tuesday directed senior officials to hold an emergency meeting on the grounding of flights by Jet Airways. The Minister for Commerce and Industry and Civil Aviation tweeted: “Directed Secretary, MoCA, to … read more