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    Sebi imposes Rs 12 lakh fine on NDTV for disclosure lapses

    PTI New Delhi: Markets regulator Sebi has imposed a penalty of Rs 12 lakh on New Delhi Television Ltd (NDTV) for failing to make timely disclosures to the stock exchanges. The order comes after the regulator examined multiple disclosure lapses by NDTV and noted non-compliance with the Substantial Acquisition of Shares and Takeover (SAST) Regulations.

    • 4 hrs ago
  • Business

    IIT Madras developing new techniques for methane extraction

    PTI Chennai: The Indian Institute of Technology Madras (IITM) on Tuesday said its researcheers are developing new techniques for extracting methane from natural gas hydrates. In a statement issued here, IITM said promising results from their research have been published recently in leading international journals such as Energy and Fuels and Applied Energy. According to IITM, there...

    • 5 hrs ago
  • Business

    Jet Airways shares plummet 41 pc as company lands in NCLT

    PTI New Delhi: Jet Airways' shares faced massive drubbing Tuesday and tumbled nearly 41 per cent after State Bank of India-led consortium of lenders decided to send the grounded airline to the National Company Law Tribunal. The scrip plummeted 40.78 per cent to close at Rs 40.45 on the BSE. During the day, it tanked 52.78 per cent to hit an all-time low of Rs 32.25. On the...

    • 5 hrs ago
  • Business

    Sensex, Nifty flat ahead of Fed policy meet

    IANS Mumbai: The Sensex on Tuesday opened marginally higher ahead of the US Federal Reserve policy meet. The two-day US Federal Reserve's monetary policy meeting is scheduled to begin on Tuesday. At 9.44 a.m., the S&P BSE Sensex traded 32.57 points or 0.08 per cent higher to 38,993.36. It opened marginally higher at 39,056.98 from its Monday's close of 38,960.79. Nifty was up by 19...

    • 8 hrs ago
  • Business

    UAE assures supply of oil, LPG to India despite tanker attacks: Pradhan

    PTI New Delhi: Oil cartel OPEC member UAE has assured India of uninterrupted supply of oil and LPG despite disruptions in the Strait of Hormuz, Oil Minister Dharmendra Pradhan said Monday. India is 83 per cent dependent on imports to meet its oil needs and is reliant on nations like the UAE to meet half of its cooking gas (LPG) needs.

    • 23 hrs ago
  • Business

    Air India to launch Mumbai to Nairobi flight services from September

    Agencies Mumbai: National carrier Air India is set to provide seamless connectivity to East Africa from the financial capital Mumbai with a direct daily flight to the Kenyan capital city Nairobi from September. At present, Air India has a codeshare partnership with Kenyan Airways, which operates a daily service between Mumbai and Nairobi. Code sharing allows an airline to...

    • 23 hrs ago
  • Business

    Bandhan Bank cuts interest rate on micro loans by 70 bps

    PTI Kolkata: Bandhan Bank on Monday said it has slashed the interest rate on micro loans by 70 basis points to 17.95 per cent. The revised rate will be applicable to new disbursements from Tuesday, the bank said in a statement. In the last four years since it began operations as a bank, the lender has cut micro loan rates by 445 basis points or 4.45 per cent. "I believe, with the...

    • 23 hrs ago
  • Business

    ICICI moves NCLAT to seek early hearing on JAL insolvency plea

    PTI New Delhi: Private sector lender ICICI Bank Monday approached the National Company Law Appellate Tribunal (NCLAT), seeking a direction to NCLT Allahabad to hear urgently its insolvency petition against Jaiprakash Associates Ltd (JAL) and pass the order without any further delay. In its plea before the appellate tribunal, ICICI Bank submitted that there has been no progress in...

    • 23 hrs ago
  • Business

    Pfizer acquires Array Biopharma for $11.4 billion

    PTI New York: US pharmaceutical giant Pfizer on Monday announced the acquisition of Array BioPharma, a biotechnology firm that specializes in cancer drugs, the latest in a long list of biotech mergers in recent years. In a statement, Pfizer said it offered $48 per share in cash for Array, putting an $11.4 billion value on the company. "The board of directors of both companies have...

    • 23 hrs ago
  • Business

    Claims against RCom swell to Rs 57,382 crore

    PTI New Delhi: Claims against Reliance Communications (RCom) have risen to Rs 57,382.5 crore with new entities, including some Reliance Anil Dhirubhai Ambani Group companies, joining the creditors' list, according to a regulatory filing. Interim Resolution Professional (IRP) Pardeep Kumar Sethi, however, admitted dues of Rs 30 crore out of fresh claims of Rs 8,189 crore, taking admitted claims...

    • 23 hrs ago

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