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Report: India to import record high volumes of LNG, as prices hit an all-time low on coronavirus outbreak

India is set to import record volumes of liquefied natural gas (LNG) this month, data shows, taking advantage of the super-chilled fuel's price hitting...

What is Expression of Interest that strategic financial buyer uses for buying tender

EOI or Expression of Interest is an application that a strategic financial buyer uses for buying a tender. The investment bankers are usually requested...

Report: Arnab Goswami holds over 82 percent in Republic TV

Renowned journalist and broadcaster Arnab Goswami owns over 82 per cent stake in Republic TV, his company said on Wednesday, clearing the air around...

RBI approves shareholding dilution plan of Kotak Mahindra Bank’s promoters

The Reserve Bank of India on Tuesday approved the shareholding dilution plan of Kotak Mahindra Bank's promoter. In a filing with the stock exchange, the...

Coronavirus Effect: Apple sales to fall short, unlikely to meet revenue guidance

Apple Inc warned on Monday it was unlikely to meet its March quarter sales guidance set just three weeks ago as the world’s most...

ICICI Bank secures Rs 945 crore through issuance of Basel III compliant bonds

India's leading private bank, ICICI bank on Monday said, that, “It has secured Rs 945 crore through issuance of Basel III compliant bonds on...

GE partners Vedanta Ltd, will install digital smelter in aluminium plant at Jharsuguda

Vedanta Limited, on Monday, announced that it has partnered with GE, “To install digital smelters in their aluminium plants at Jharsuguda in Odisha.” In a...

JWS Energy to acquire GMR’s 1050 MW thermal power plant for Rs 5,321 crore

JWS Energy has announced its plan to acquire GMR Energy Ltd's 1,050 MW thermal power plant in Odisha for Rs 5,321 crore. In a filing...

Coronavirus Outbreak: Oil prices steady as coronavirus related demand concerns weigh

Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China...

India to finalise $25 billion crude oil import deal with Russia

India and Russia have finalised the broad contours of an ambitious government-to-government agreement for long-term import of crude oil by India from Russia's Far...

US health regulator seeks voluntary action against Dr Reddy’s Duvvada facility

India's leading pharma company Dr Reddy's Laboratories said that “The US health regulator has asked the company to take voluntary action against its Duvvada...

NIIT announces Rs 337 crores buyback share plan

India's leading IT institute, the National Institute of Information Technology (NIIT) on Saturday announced its Rs 337.4 crore buyback plan. In a filing with the...

CG Power and Industrial Solutions loss doubles to Rs 210.7 in December quarter

India's leading electrical products provider, CG Power and Industrial Solutions Limited, has recorded a consolidated loss of Rs 210.07 crore in the December quarter...

Trump’s $1.5 billion uranium bailout triggers a rush of mining plans

President Donald Trump's $1.5 billion proposal to prop up the country's nuclear fuel industry has emboldened at least one company to take steps toward...

Wall Street dips as coronavirus dampens optimism

Wall Street edged lower on Friday as uncertainties surrounding the coronavirus epidemic and downbeat economic data put a damper on investor sentiment. While the S&P...

IMF: India needs more ambitious structural and Financial sector reforms

India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while...

India to offer 2,400 hectares of Kashmir land in planned business summit

India plans to offer around 6,000 acres (2,400 hectares) of land in Kashmir as part of a business summit planned for April or May...

Power Finance Corporation records 12 percent decline in December quarter profit

The state-run Power Finance Corporation (PFC) has recorded a sharp decline of 12% in its consolidated net profit at Rs 3,386.72 crore in the...

Coronavirus outbreak: Foxconn hopes to resume half of the production in China by month-end

Taiwan's Foxconn hopes to resume half of its production in China by month-end, a source told Reuters on February 12, as the supplier to...

Hexaware Technologies shares down on poor profit returns in Q4

Mumbai-based IT consulting and digital service provider Hexaware Technologies on Wednesday reported a 5 percent decline in its share price on the stock exchange. The...

UniCredit confirms its plan to cut 6,000 jobs in Italy as union negotiations begin

UniCredit confirmed plans to cut a total of 6,000 jobs in Italy over the next four years as the country's biggest bank began the...

Kalpataru Power profit jumps by 16.66 percent to Rs 133 crore in Quarter 3

Kalpataru Power Transmission LTD (KPTL) has reported a 16.66 percent jump in the consolidated profit for the December quarter ending in 2019. In a filing...

Petronet LNG Ltd records the highest profit of Rs 675 crore in Q3

India's largest liquefied natural gas importer Petronet LNG Ltd on Monday reported a profit of Rs 675 crore in the third quarter of December...

India to approve $2.6 billion US naval helicopter deal ahead of President Trump visit

India is set to give final approval to a $2.6 billion deal for military helicopters from US defence firm Lockheed Martin ahead of a...

Oberoi Realty’s Q3 profit increases by 7 percent

India's largest construction company Oberoi Realty on Friday reported a 7 percent increase in consolidated net profit for Quarter 3. In a filing with the...

Wall Street dips record high after U.S. employment report

Wall Street slipped from record highs at the open on Friday as investors assessed the U.S. employment report for January that showed acceleration in...

A deep-dive into the Union Budget 2020 announcements

The Union Budget for FY21 is a progressive initiative and is an “investment in medium to long term economic development” and should be viewed...

Thomas Gottstein to replace Tidjane Thiam as Credit Suisse new boss

Credit Suisse Chief Executive Tidjane Thiam has quit after a power struggle at Switzerland's second-biggest bank, which faces investor pressure over a spying scandal...

Manappuram Finance plans for Rs 1,150 crore funding through debentures

India's leading Financier Manappuram Finance has announced its plan to raise Rs 1,150 crore through issuance of debentures. In a regulatory filing with the stock...

Reports: Goldman Sachs to raise $8 bn in its second buyout fund

Goldman Sachs Group Inc plans to raise $8 billion in only its second buyout fund since the 2008 financial crisis, bolstering its ability to...

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