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  • Companies

    Rubber futures hit six-month low

    Kolkata: The auto industry crisis is having its impacts on the country's rubber sector. Consider this. The most active October contract of rubber on the Indian Commodity Exchange on last Friday hit a six-month low of Rs 12,965 per 100 kg, owing to sluggish demand from tyre makers in the country. It was more so because there were expectations from the traders of a further rise in imports of the commodity. The...

    • 5 hrs ago
  • Companies

    Power gencos outstanding dues on discoms rises 57 pc to Rs 73,000 crore in July

    New Delhi: The outstanding dues of distribution utilities from power producers have risen by more than 57 per cent to Rs 73,748 crore in July 2019 compared to the same month last year, showing stress in the sector. According to PRAAPTI portal, distribution companies owed a total of Rs 46,779 crore to power generation companies in July 2018. The portal was launched...

    • 12 hrs ago
  • Companies

    SBI shelves IPO plans for general insurance arm; card JV to hit market in Q4

    Leh: The largest lender State Bank of India has dropped its plan to take its general insurance arm public as there is no need for additional capital now, chairman Rajnish Kumar has said. Investor interest for its cards business is very high, and SBI Card listing will happen in the March quarter, he said. The bank was earlier looking for an initial public offering...

    • 12 hrs ago
  • Companies

    Sebi mulls new whistleblower mechanism for auditors, other 'gate-keepers'

    New Delhi: With an aim to unearth financial irregularities and other fraudulent transactions at listed companies, capital market regulator Sebi is planning to set up a new whistle-blower mechanism for auditors and other 'gate-keepers' to report such cases. The proposed move assumes significance in the wake of several auditors in the recent past decided to exit from their...

    • 15 hrs ago
  • Companies

    Maruti Suzuki's PV mkt share shrinks in April-Aug; Hyundai, Mahindra gain

    New Delhi: Auto-makers Maruti Suzuki India and Tata Motors' domestic passenger vehicle market share declined in April-August this year, while Hyundai and M&M witnessed gain in the same period, as per data compiled by industry body SIAM. The country's largest car-maker Maruti Suzuki India (MSI) saw its market share dip by over 2 percentage points during the period...

    • 16 hrs ago
  • Companies

    Reliance, BP take over Niko's 10 pc stake in KG-D6 block

    New Delhi: Reliance Industries Ltd (RIL) and UK's BP plc have taken over the 10 per cent shareholding of their partner Niko Resources in the eastern offshore KG-D6 block after the Canadian firm defaulted on paying for its share of gas field development cost. Sources with knowledge of the development said the oil minister has given 'unconditional' nod to Reliance and BP for taking over 10...

    • 19 hrs ago
  • Companies

    SBI wants to be lead-bank for Ladakh; opens 14th branch

    Diskit: The country's largest lender State Bank of India (SBI) has expressed desire to be become the lead-bank for the newly carved-out Union Territory of Ladakh. SBI Chairman Rajnish Kumar on Saturday inaugurated a new branch in this remote town of Diskit in the Nubra Valley, making it the 14th facility of the bank in the Ladakh region and 22,024th branch for the bank. Every state or...

    • 2 days ago
  • Companies

    Vistara to start daily flight on Delhi-Indore route from October 26

    New Delhi: Vistara airline on Saturday announced it will start a daily flight on Delhi-Indore route from October 26 this year. With this, Indore becomes 30th destination on its network. According to Vistara, the flight will depart from Delhi airport at 6.55 am daily and arrive at Indore airport at 8.20 am. The return flight will leave Indore at 8.55 am and arrive at Delhi...

    • 2 days ago
  • Companies

    Disney CEO Bob Iger resigns from Apple board as TV battle looms

    Apple Inc said on Friday that Walt Disney Co Chief Executive Officer Bob Iger had resigned from the company's board of directors on Sept. 10 as the two companies prepare to compete head-to-head in the streaming television business. Iger departed Apple's board the same day the company revealed new details about Apple TV+, a USD 4.99-per-month service that will launch on November 1....

    • 2 days ago
  • Companies

    CAIT seeks ban on Amazon, Flipkart's festive season sale

    Mumbai: A leading Indian trader body asked the government on Friday to ban upcoming festive sales on Amazon's local unit and its rival Flipkart, saying their deep discounts violate the country's foreign investment rules for online retail. The two e-commerce firms typically hold annual festive season sales ahead of key Hindu festivals Dussehra and Diwali, which are due this year in...

    • 2 days ago

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