Made 100 percent provision in Totem fraud: Union Bank

Mar 23 2018 | 29 mins ago

Union Bank of India said it made 100 percent provision against Totem Infrastructure Limited fraud case, so there is no material impact on the lender.

EoI for Air India stake sale likely in couple of weeks

Mar 23 2018 | 51 mins ago

Various details about AI disinvestment, including net worth criteria for the bidders, will be part of the EoI document, which is expected to be ready in a couple of wks.

Sebi slaps Rs 1 cr fine on Rhine and Raavi Credits, 3 directors

Mar 23 2018 | 1 hrs ago

Sebi imposed a penalty of Rs 1 crore on Rhine and Raavi Credits and Holdings and its three directors for failing to refund the money raised illegally from investors.

Commerce Ministry discusses regulatory issues of startups

Mar 23 2018 | 1 hrs ago

The commerce and industry ministry held consultations with various depts to resolve regulatory issues being faced by startups in the sectors such as e-pharmacy and UAV.

Honesty should be in DNA of taxmen: Kovind to trainee revenue officers

Mar 23 2018 | 1 hrs ago

Honesty should be written into the DNA of taxmen, President Ram Nath Kovind said, addressing a group of trainee officers of the Indian Revenue Service (IRS).

Government bonds remain mixed, call rates finish higher

Mar 23 2018 | 2 hrs ago

The 7.17 percent 10-year benchmark bond maturing in 2028 climbed to Rs 97.34 from Rs 97.3225, while its yield held stable to 7.56 percent.

Market crash wipes out Rs 1.57 lakh cr of investor wealth

Mar 23 2018 | 2 hrs ago

Investor wealth slumped by Rs 1.57 lakh cr, following heavy selling in the broader market where the BSE benchmark index tanked about 410 points to close at a 5-month low.

Stocks slide to 5-mth lows amid global sell off as trade war escalates

Mar 23 2018 | 4 hrs ago

The BSE Sensex plunged by about 410 points while the Nifty crashed below the 10,000 mark for the 1st time this yr following a global sell-off due to fears of a trade war.

Stocks tumble to 5-mth low as trade war fears escalates

Mar 23 2018 | 5 hrs ago

The BSE Sensex plunged by about 410 pts to close at a 5-month low while the Nifty crashed below the 10,000 mark following a global sell-off due to fears of a trade war.

MakeMyTrip launches 'Pay Later' for select customers

Mar 23 2018 | 6 hrs ago

Online travel firm MakeMyTrip said it has rolled out 'Pay Later' feature for travel payments which currently will be available to select users.

Indian Markets


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Global Markets


Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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