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Hela April 14, 2019

The Income Tax department recently carried out raids at over 50 locations in Delhi and Madhya Pradesh. BHOPAL:  The Madhya Pradesh Lokayukta has refused to share details on search operations conducted by the Income Tax department against corrupt public servants of the state government citing an exemption clause under the RTI Act. RTI activist Ajay […]

Hela April 13, 2019

BENGALURU | MUMBAI: Flipkart co-founder Sachin Bansal is betting big on the domestic financial services sector as he looks to acquire a majority stake in a Bengaluru-based microfinance firm, two people familiar with the matter said. A successful transaction could also result in Bansal taking the top job at the firm, marking his return to an executive position, the sources said. […]

Hela April 10, 2019

After consolidating early in the day, the market managed to gain momentum in the last hour of trade and ended near the day’s high on April 9 with all sectoral indices closing in the green. The BSE Sensex gained 238.69 points at 38,939.22 while the Nifty 50 rose 67.50 points to 11,672, forming a bullish […]

Hela March 31, 2019

As an already-busy entrepreneur, taking the time to create kick-ass marketing campaigns can sometimes seem more like a distraction than a worthwhile investment of your time. That being said, most entrepreneurs aren’t taking advantage of something that could dramatically reduce the time they spend on marketing: their customers. If you take the time to strategize correctly and are […]

Hela March 19, 2019

Kolkata: Leading gold loan non-banking finance company (NBFC) Manappuram FinanceNSE -0.28 % is expecting interest rates on its bank borrowing to decline by up to 50 basis points following the recent Reserve Bank of India notification allowing banks to lend to NBFCs with risk weightage based on the borrower’s credit rating instead of the earlier stipulation of […]

Hela March 17, 2019

KOLKATA: Coal stock position at power plantshave improved considerably with number of plants holding critical stocks declining to one this week. It tipped to 33 during mid-October last year. GMR’s Warora Thermal Power Station, the only plant with critical stock, however, is currently holding 4 days stock according to data compiled by Central Electricity Authority (CEA). A senior Coal […]

Hela March 3, 2019

Non-banking financial company L&T Finance is planning to raise up to Rs 1,500 crore through non-convertible debenture issues in three tranches. The base size of the issue, which is opening on March 6 and closing on 20, is Rs 500 crore, with an option to retain over-subscription up to Rs 1,000 crore, company said on […]