Topics: Business

Portuguese President Marcelo Rebelo says “India-Portugal needs joint-expertise in various areas of the economy.”

Terming India as an "economic and social" global power, Portuguese President Marcelo Rebelo de Sousa on February 15 said the country's priority is to...

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...

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...
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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...

Maveric Systems appoints Ramesh Vasamsetti as Director of Quality Engineering Business

Chennai-based global banking technology solution provider Maveric Systems on Monday announced that "it has appointed Vasametti as its new director of Quality Engineering (QE)...

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...
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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...

SIAM: Auto sales across categories reports 13.83 percent decline in January

Society of Indian Automobile Manufacturers (SIAM) on Monday reported a decline of 6.2 percent in January sales in domestic passenger vehicles. According to the new...

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...

Offline-to-Online fintech startup ‘Dot’ swipes $8 Mn in seed funding from PayU & others

Gurugram based online-to-offline (O2o) commerce and fintech startup Dot has raised $8 million in series seed round funding from Prous and Fosun RZ Capital. The...

L&T partners with ideaForge to offer UAVs for defense usage

Mumbai-settled construction and private sector defense giant Larsen and Toubro (L&T) on Friday announced its partnership with Unmanned Aerial Vehicles (UAVs) maker ideaForge to...
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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...

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...

Global green bond issuance to be at $300-$375 billion this year

Global green bond issuance is expected to be between $300-$375 billion this year, after a record year last year, according to research from two...
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India may issue $5 billion bonds with no foreign investment cap limit

India is likely to issue at least $5 billion worth of bonds with no limits on foreign investment next year, in a bid to...

Exide Industiries reports 16.76 percent decline in Q3

Battery maker giant Exide Industries on Tuesday reported a 16.76 percent decline in consolidated profit at Rs 118.15 crore in third-quarter end of December...

Logistics startup Fleetx secures $2.8 million in series A round funding

Gurugram-based logistics startup Fleetx has announced that it has secured $2.8 million in series A round funding from Singapore based Venture capital firm Beenxt...

Nikhil Arora of GoDaddy India says, “This budget is a reflection of government's commitment toward delivering inclusive growth"

Speaking on the union budget 2020, that was presented in the parliament by Finance Minister Nirmala Sitharaman on Saturday. Nikhil Arora, Vice President and Managing...

“Allowing NBFCs to finance invoices of MSMEs through TReDs will give clear access to the fund,” Says CMA B Mallikarjun Gupta

Speaking on the budget, tabled by Finance Minister Nirmala Sitharaman on Saturday, CMA B Mallikarjun Gupta, Chief Taxologist at Logo Infosoft said that “Fake...
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Coronavirus Outbreak: Over $420 billion wipes out from China's stock market

Investors erased $420 billion from China's benchmark stock index on January 3, sold the yuan and dumped commodities as fears about the spreading novel...

Budget 2020: Reaction on budget from Industry, Startup founders, Investors, and Analysts

With the bid to boost the economy through the multiple investment announcements in the different sectors like health, rural, education, startups, agriculture and Infrastructure,...

BHEL partners with EESL to develop public charging infrastructure for e-mobility across India

Bharat Heavy Electricals Limited (BHEL) on Friday announced that “It has signed the MoU with EESL to develop a network of public charging infrastructure...

Coronavirus Outbreak: Tesla to shut down Shanghai factory after China order

Amind of the recent outbreak of novel coronavirus in the country, The Chinese government has ordered the American electric automaker, Tesla, to shut down...

Budget 2020: A budget for better economic prospects: expectations from the fintech sector

Even as we prepare for the budget 2020, just a day away, here are some of the expectations from the fintech industry ahead of...
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