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    Temporary relief for Zee as HC admits appeal against selling of shares

    The Delhi High Court in an interim relief to Zee Entertainment Enterprises Ltd stayed IDBI Trusteeship and Franklin Templeton from selling or transferring the company's shares worth Rs 740 million, after the court admitted an appeal filed by Zee.A division bench of the high court presided by Justices Rajiv Sahai Endlaw and Asha Menon admitted the appeal challenging the...

    • 13 hrs ago
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    Railways' PPP model to stimulate private investment: Report

    India's first-ever public-private partnership (PPP) scheme in passenger rail operations rolled out by the Indian Railways will stimulate private sector investments in the country, the Acuite Ratings & Research said in a report.The Rs 30,000 crore scheme will also boost the 'Make in India' programme. The ratings agency said that the entry of private operators will...

    • 13 hrs ago
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    Diesel maintains gain over petrol in Delhi, prices unchanged

    Diesel has maintained its gain over petrol in Delhi as oil marketing companies kept the prices of auto fuels unchanged on Wednesday after raising the price of diesel by 25 paisa per litre in the city a day earlier.With the retail prices remaining unchanged, diesel is priced at Rs 80.78 a litre in the National Capital while petrol is priced at Rs 80.43 a litre. The oil companies also...

    • 14 hrs ago
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    Cabinet okays Rs 12,450 cr recap of 3 PSU general insurance cos

    The Union Cabinet on Wednesday approved capital infusion of Rs 12,450 crore for three state run insurance companies - the Oriental Insurance Company, the National Insurance Company and the United India Insurance Company.The approved amount also includes Rs 2,500 crore infused in FY 2019-20.In the last budget on February 1, the government had set aside Rs 6,950 crore for...

    • 14 hrs ago
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    Banks' cyber risks rise as Covid spurs digital trends: Moody's

    Banks face a growing risk of cyber-attacks as the coronavirus crisis accelerates the shift to digital banking and remote working, Moody's Investors Service said in a report on Wednesday."Social distancing has created a surge in demand for contactless payments, digital cash transfers and online banking, as well as remote working by bank employees," said Alessandro...

    • 14 hrs ago
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    Petrol-diesel price gap decrease to hasten shift to petrol PVs: ICRA

    A decrease in the gap between petrol and diesel prices is likely to accelerate the shift towards petrol or CNG passenger vehicles in the coming years, an ICRA analysis showed on Wednesday.Accordingly, diesel PV's share is expected to decline to 15-18 per cent in FY2022 from 29 per cent in FY2020. "Within this, the share of diesel vehicles in the car segment will...

    • 14 hrs ago
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    Biz travel biggest reason for passengers to travel: Vistara survey

    Business travel has emerged as the biggest reason for passengers to travel, showed a survey conducted by full-service carrier Vistara.According to the survey, 35 per cent of the respondents indicated that business related trips have emerged as the biggest reason for them to travel.Besides, 25 per cent of the respondents are expected to travel to visit their friends and relatives.

    • 2 days ago
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    NBCC's Q4 consolidated net profit falls 41% to Rs 84 cr

    State-run construction major NBCC (India) Ltd on Monday reported a 41 per cent fall in its consolidated net profit for the January-March quarter at Rs 83.77 crore.During the quarter ended March of the financial year 2018-19, the company had reported a consolidated net profit of Rs 142.45 crore.Its net sales during the period under review fell 16.8 per cent to Rs 2,568.73 crore, the company...

    • 2 days ago
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    DGTR begins hearing on safeguard duty on solar equipment imports

    In what may substantially increase duty on solar equipment imports, largely from countries such as China, the domestic industry has recommended continuation of 15 per cent safeguard duty (SGD) for another four years with marginal reduction of 0.05 per cent annually.In their submission to the Director General of Trade Remedies (DGTR) during the course of an oral hearing for...

    • 2 days ago
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    Frontrunner for Air India ops director under fire

    A frontrunner for Air India's Director Operations post has come under criticism from certain sections of the airline for his past record of siding with unions against the national carrier.According to sources, the current Executive Director for Operations Captain R.S. Sandhu has in the past allegedly been hand-in-glove with a particular pilots' union.

    • 2 days ago

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