Air India, Bharat Petroleum Corporation to be sold by March: FM Nirmala Sitharaman
Sitharaman said there is a “lot of interest” among investors as evident in international road shows ahead of the sale of Air India. A year ago, the loss-making airline’s sale had to be aborted due to tepid response from investors. The government is banking on receipts from disinvestment to shore up revenues in a year.
South Delhi Municipal Corporation budget: Property tax hike on cards
People living in colonies in C, D and E categories may end up paying more property tax if the budget proposed by SDMC commissioner is implemented. To cover up deficit and increase revenue, it has been proposed to increase the tax from 11% to 12%.
Buy Indian Oil Corporation, target Rs 142: CK Narayan
Buy Indian Oil Corporation Ltd. at a price target of Rs 142.0 and a stoploss at Rs 132 from entry point.
VBHC changes tack; partners builders and land owners
“The terms for JDs (joint developments) are more favourable in the current market. Earlier we would buy large land parcels of 50 acres and build large projects, but now the focus is on smaller projects with quick turnaround,” said managing director Ram Walase.
Supreme Court to rule on 2 crucial corporate cases today
A 3-judge bench led by Justice R.F. Nariman will rule on the legality of a NCLAT decision of July 5, 2019, ordering all creditors, operational and financial, to be treated on par in sharing the proceeds from the winning bid from the sale of ailing Essar Steel.
The blazer is replacing the suit as the new workplace dress code
There is a loosening up of ties when it comes to formal dress code at the workplace.
Share market update: Glenmark Pharma, Corporation Bank among top gainers on BSE
Among the 50 components in the Nifty index, 40 shares were trading in the green, while 10 were in the red.
LIC Housing eyes to disburse Rs 55,000 crore in FY 19-20
LIC Housing Finance Ltd has set a target of disbursing Rs 55,000 crore worth loans during the current financial year, a top official said on Saturday.
Essar Steel lenders to recover over 90% of Rs 42,000 crore
Almost 830 days after it was sent to IBC, the SC paved the way for the steelmaker's eventual resolution.
Japanese shares rise on hopes weaker yen will boost corporate earnings
The Nikkei index ended up 0.81 per cent at 23,520.01 points.
Amazon appeals $10-billion Pentagon contract won by Microsoft
Meanwhile, US defence secretary Mark Esper said on Friday the Pentagon awarded the contract to Microsoft after a fair competition. “I am confident it was conducted freely and fairly without any type of outside influence,” Esper told a news conference in Seoul.
India's PC market up 15.8% on year in Q2: IDC India
According to IDC, Indian PC market inclusive of desktops, notebooks, and workstations, shipped 3.1 million units, in Q3FY19 as Windows 7 is near to its scheduled end in early 2020. The desktop category saw a 10.6 per cent on year growth in its shipments, mainly contributed by Windows 10 refresh buying from the banking sector.
Rail board to hike meal prices on Rajdhani, Shatabdi, Duronto trains
According to the new order, in first class AC, tea will cost Rs 35, up by Rs 6, breakfast Rs 140, up by Rs 7, lunch and dinner Rs 245, up by Rs 15. In second class AC, third class AC and chair car, tea to cost Rs 20, up by Rs 5, breakfast Rs 105, up by Rs 8, lunch and dinner Rs 185, up by Rs 10. Snacks with regional flavour will be introduced.
Edelweiss retains buy on Power Grid Corporation, target price Rs 233
Buy Power Grid Corporation of India Ltd. at a price target of Rs 233.0 .
WeWork bond drops, spread hits a record on report of delayed share tender
WeWork’s 7.875 per cent note due in May 2025 fell 2.25 cents on the dollar to a bid of 74 cents.
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