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    BSE's Q1 consolidated net profit at over Rs 32 cr

    Stock market major BSE on Monday reported a consolidated net profit of Rs 32.48 crore for the first quarter (Q1) of 2020-21.On sequential basis, the company has reported a consolidated net loss of Rs 1.91 crore during the fourth quarter of last fiscal.On standalone basis, the net profit for the quarter ended June 30, 2020 was up by Rs 30.75 crore to Rs 32.34 crore from Rs 1.59 crore in the...

    • 7 hrs ago
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    Govt restricts entry of Chinese firms in commercial coal mine auctions

    The government has restricted participation of companies from countries sharing a land border with India in the ongoing auction of coal mines for commercial extraction by the private sector.The Coal Ministry has issued a corrigendum to the tender document issued for commercial coal mining, bringing out the fact that though 100 per cent FDI, under the automatic route, is...

    • 7 hrs ago
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    Air India pilots allege blatant discrimination by management

    Alleging blatant discrimination by Air India's Personnel and Finance Departments, the pilots have told the national carrier's management that if such behaviour continues unchecked, the Director, Personnel will be responsible for the consequences.In a letter to Air India Chairman and Managing Director Rajiv Bansal, the pilots' associations, the Indian Commercial Pilots...

    • 18 hrs ago
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    Sebi issues procedural guidelines for proxy advisors

    The Securities and Exchange Board of India (SEBI) on Monday came up with a set of procedural guidelines for proxy advisors.Proxy advisory firms advise shareholders on corporate governance-related issues and give recommendations regarding voting on resolutions.In a circular, Sebi said that proxy advisors shall formulate the voting recommendation policies and disclose the updated voting...

    • 18 hrs ago
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    NITI Aayog suggests creation of Dak Bank

    In a bid to further deepen financial inclusion in the country, the NITI Aayog has suggested the creation of a Dak Bank -- postal bank -- by merging the regional rural banks, among other recommendations to the government.In a recent presentation to the Prime Minister's Office and the Finance Ministry, the NITI Aayog has suggested the over 1.5 lakh post offices in the country should be made outlets for...

    • yesterday
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    SEBI diktats cause unease in markets, brokers petition Finance Ministry

    The Finance Ministry may soon have a decision to make, whether to encourage retail investors participation in the stock market through direct trading or to discourage them as seems to be the case with recent diktats on margins and intra day trading by the regulator, Securities and Exchange Board of India (SEBI) which have introduced a sense of unease among the broking...

    • yesterday
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    K'taka trade body urges CM to handhold real estate sector

    State trade body, Federation of Karnataka Chambers of Commerce and Industry (FKCCI), has appealed to Chief Minister B.S. Yediyurappa to handhold the real estate industry battered in Covid pandemic and asked for a uniform stamp duty for properties costing above Rs 35 lakh, an official said on Saturday."To boost the real estate sentiment, the central government has already announced...

    • yesterday
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    IRB Infra receives LoA for Vadodara-Mumbai Expressway stretch

    IRB Infrastructure Developers on Sunday said that it has received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for constructing the Gandeva-Ena stretch of the Vadodara-Mumbai Expressway.The length of the Gandeva - Ena stretch, in Gujarat is of 27.50 km and the project cost would be Rs 1,755 crore. "We are pleased to inform you that the Company has...

    • yesterday
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    Air India commences fifth phase of VBM ops

    National carrier Air India on Saturday commenced the fifth phase of the 'Vande Bharat Mission'.Accordingly, the airline is expected to operate close to 700 flights between India and at least 53 countries during this phase, airline sources said.In the fourth phase till July 30, the airline had operated 617 flights to bring back around 110,383 passengers.

    • 3 days ago
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    'Govt to soon allow 100% FDI in rental housing'

    Union Minister for Housing and Urban Affairs, Hardeep Singh Puri on Friday said that the government will soon allow 100 per cent FDI in the rental housing segment.Speaking at a webinar, the minister also announced that the real estate sector will have a 'Permanent Working Group' to attend any issues or matters pertaining to the sector for faster decision making.

    • 3 days ago

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