Amrapali Group case: ED takes custody of directors for questioning
The Enforcement Directorate (ED) took custody of two directors of Amrapali...
Rane Engine posts Q3 net loss at Rs 5 crore
The total net revenue for the nine-month period ending December 31, 2019 stood at Rs 281.6 crore
Air India to set up internal panel to address privatisation-related issues of employees: Source
At a meeting between the minister and represe...
Power generation to be termed manufacturing, pay 15 per cent corp tax
As part of efforts to incentivise the power sector and make its operations viable, the government is looking to extend the benefit of lower corporate tax to electricity generating units by qualifying their activity as manufacturing.
JSW Group firm Forma shuts operations
The company's MD Tarini Jindal Handa -- daughter of steel magnate Sajjan Jindal -- had announced plans of investing around Rs 250 crore over the next five years to become one of the top five readymade furniture brands in India.
Arbitration tribunal restrains Bidvest from selling its stake in MIAL until further order
The arbitration tribunal was hearing the case after the Supreme Court in December had directed it to take a call on the sale of Bidvest’s 13.5% stake in Mumbai International Airport (MIAL).
Ghost Kitchens buys stake in restaurant brands QSR, Eathos
Ghost Kitchens will provide capital, infrastructure, backend, marketing, and administration services to the two brands. It also plans to scale them up across multiple geographies over the next few months.
Australia shares extend gains; miners shine on metal prices
The S&P/ASX 200 index touched a fresh peak of 7,092.50 points before paring some gains to finish at 7,079.50, a new record closing high.
FPIs pumped money into these 10 smaller stocks, too
These stocks can return between 15 per cent and 40 per cent in one year.
Taxman orders special audit of Jet Airways
The central agency has also gathered details of the offshore entities with which Jet and its group companies entered into lease and maintenance and general sales agreements, on the basis of information shared by the Egmont Group.
Brokerages find TCS valuations expensive post Q3 results; stock falls 2%
Kotak Institutional Equities maintained ‘Reduce’ rating on TCS with a fair value of Rs 2020. However, it said that TCS is a must have in the portfolio at the right valuation. Edelweiss Securities maintained ‘Hold’ rating on the stock with a target price of Rs 2,175. “The stock’s expensive valuation (22.9x FY21E EPS) compels us to retain ‘Hold’,” the brokerage house said.
'Justice Clock' to be set up at Calcutta High Court
The electronic LED display board to be installed will also show the ranking of the high courts and district and subordinate courts, based on their performance in disposing of highest number of cases. There are at least 22.81 lakh cases pending before different courts in the state, of which 17.7 lakh are criminal cases, according to the National Judicial Data Grid.
Sebi fines Zee Group Rs 9 lakh for disclosure lapses
The regulator has levied a fine of Rs 6 lakh on 25FPS Media Private Limited and Rs 3 lakh on Zee Media Corporation Ltd (ZMCL), Securities and Exchange Board of India (Sebi) said in an order.
BlackRock to exit Coal India by mid 2020
BlackRock, the world’s largest money manager with $7 trillion under management, will cut its equity in Coal India Ltd to zero by the middle of the year, becoming the latest in the list of 100 major banks and insurers exiting the thermal coal sector.
PMP set to promote domestic production of medical devices
In a first such initiative, a roadmap has been prepared to promote domestic production of X-Ray machines and components whereby financial incentives will be provided to the manufacturing companies.