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  • Jet Airways insolvency: A last-minute twist forces lenders to give suitors more time Sep 28, 2020 10:37 PM IST

    Jet Airways insolvency: A last-minute twist forces lenders to give suitors more time

    The development comes after the consortium led by Flight Simulation Technique Centre upped its offer. The new deadline is unclear

  • Import of all iron, steel items need compulsory registration now under SIMS: Govt Sep 28, 2020 10:25 PM IST

    Import of all iron, steel items need compulsory registration now under SIMS: Govt

    The Directorate General of Foreign Trade (DGFT), under the commerce ministry, said that "import" of these products "shall now require compulsory registration" under the SIMS.

  • Tata group in talks with investors for stake sale in its upcoming digital platform: Report Sep 28, 2020 10:22 PM IST

    Tata group in talks with investors for stake sale in its upcoming digital platform: Report

    The launch of the Tata group's all-in-one app would effectively serve as a one-stop shop for a wide range of its consumer products and services

  • DHFL case: Auditor Grant Thornton flags fraudulent transactions worth Rs 12,705 crore Sep 28, 2020 10:07 PM IST

    DHFL case: Auditor Grant Thornton flags fraudulent transactions worth Rs 12,705 crore

    The entire amount mentioned above along with interest for the remaining period is claimed through the application filed with the NCLT, it added.

  • SEBI eases fund raising norms for REITs, InvITs Sep 28, 2020 09:57 PM IST

    SEBI eases fund raising norms for REITs, InvITs

    In two separate but similarly worded circulars, Sebi said that in view of the situation emerging out of the coronavirus pandemic, it has "granted certain relaxations for raising of equity capital" by listed REITs and InvITs.

  • Centre appoints PD Vaghela as chairman of TRAI Sep 28, 2020 09:19 PM IST

    Centre appoints PD Vaghela as chairman of TRAI

    PD Vaghela will succeed RS Sharma who is set to demit the office on September 30, 2020

  • Cotton futures firm at Rs 18,100 per bale in evening trade Sep 28, 2020 08:44 PM IST

    Cotton futures firm at Rs 18,100 per bale in evening trade

    In the futures market, cotton for October delivery touched an intraday high of Rs 18,180 and an intraday low of Rs 17,880 per bale on the MCX.

  • Moody’s downgrades IIFL Finance rating on asset quality issues Sep 28, 2020 08:27 PM IST

    Moody’s downgrades IIFL Finance rating on asset quality issues

    Moody's has downgraded IIFL Finance’s corporate family rating (CFR) to B2 from B1, senior secured debt rating to B2 from B1, and senior secured medium-term note (MTN) programme rating to (P)B2 from (P)B1

  • Reckitt Benckiser kicks off sale of some personal care brands, including Veet and Clearasil Sep 28, 2020 08:21 PM IST

    Reckitt Benckiser kicks off sale of some personal care brands, including Veet and Clearasil

    The process comes as Reckitt is generating unusually strong sales in its hygiene business due to the COVID-19 pandemic, as people snap up its Lysol and Dettol disinfectants.

  • SEBI asks bourses, clearing corps to take measures to liquidate defaulter members' assets Sep 28, 2020 08:08 PM IST

    SEBI asks bourses, clearing corps to take measures to liquidate defaulter members' assets

    The recovery of assets would help in meeting the obligations of clients, stock exchanges and clearing corporations, the Securities and Exchange Board of India (Sebi) said in a circular.

  • Kirloskar family fight: Appointment of Kishor Chaukar on KBL board becomes the latest flash point Sep 28, 2020 08:01 PM IST

    Kirloskar family fight: Appointment of Kishor Chaukar on KBL board becomes the latest flash point

    A special resolution, to re-appoint Kishor Chaukar on KBL's board, failed to get the 75 percent voting from shareholders at the recent AGM. Most of the Kirloskar family members voted against the resolution

  • Copper futures firm at Rs 522.70 per kg on weaker dollar Sep 28, 2020 07:28 PM IST

    Copper futures firm at Rs 522.70 per kg on weaker dollar

    In the futures market, copper for October delivery touched an intraday high of Rs 522.70 and a low of Rs 517 per kg on the MCX.

  • Wall Street opens higher led by banks, travel stocks Sep 28, 2020 07:22 PM IST

    Wall Street opens higher led by banks, travel stocks

    The Dow Jones Industrial Average rose 188.18 points, or 0.69 percent, at the open to 27,362.14.

  • RBI likely to hold MPC meeting next week Sep 28, 2020 07:13 PM IST

    RBI likely to hold MPC meeting next week

    The Reserve Bank of India has notified that the upcoming meeting of the MPC, scheduled to start from September 29, has been postponed

  • SEBI comes out with guidelines for investment advisers in IFSC Sep 28, 2020 06:45 PM IST

    SEBI comes out with guidelines for investment advisers in IFSC

    An IA will ensure to conduct annual audit in respect of compliance with investment adviser regulations and these guidelines from a chartered accountant from a company secretary.

  • Big Story | What’s next for Lakshmi Vilas Bank as shareholders vote out 7 directors from the board? Sep 28, 2020 06:38 PM IST

    Big Story | What’s next for Lakshmi Vilas Bank as shareholders vote out 7 directors from the board?

    How does the new crisis at Lakshmi Vilas Bank affect deposit-holders, bond-holders, account-holders etc? Let’s find out in this edition of Big Story

  • Labour Ministry allays fears about Labour Codes Sep 28, 2020 06:33 PM IST

    Labour Ministry allays fears about Labour Codes

    The ministry said that a fixed term employee (FTE) has been made statutorily entitled for all benefits and service conditions equivalent to that of a regular employee.

  • Government extends expenditure control measures by another quarter Sep 28, 2020 06:30 PM IST

    Government extends expenditure control measures by another quarter

    The only change is that the Department of Fertilizer and capital expenditure and revenue expenditure outlay on defence have been moved to category A (departments without any spending limits)

  • BSE joins hands with Yes Bank to empower SMEs Sep 28, 2020 06:06 PM IST

    BSE joins hands with Yes Bank to empower SMEs

    The bank will also offer customised services and products to the listed SME members of the platform.

  • Gold prices dip marginally to Rs 49,757 per 10 gram; silver gains Rs 594 Sep 28, 2020 06:00 PM IST

    Gold prices dip marginally to Rs 49,757 per 10 gram; silver gains Rs 594

    The broader trend on COMEX could be in the range of $1850- 1875 and on the domestic front prices could hover in the range of Rs 49,200-49,850.

  • Three top Apple suppliers to commit $900 million to India smartphone incentive plan Sep 28, 2020 05:57 PM IST

    Three top Apple suppliers to commit $900 million to India smartphone incentive plan

    India's new $6.65 billion production-linked incentive (PLI) scheme offers companies cash incentives on any increase in sales of locally-made smartphones over the next five years, compared with 2019-20 levels.

  • Housing sales up 34% in July-September, unsold inventory marginally down: JLL Sep 28, 2020 05:20 PM IST

    Housing sales up 34% in July-September, unsold inventory marginally down: JLL

    While Mumbai accounted for 29 percent of the total sales in the quarter, 22 percent of those came from Delhi-NCR.

  • SEBI slaps Rs 20 lakh fine on Bonanza Portfolio Sep 28, 2020 04:41 PM IST

    SEBI slaps Rs 20 lakh fine on Bonanza Portfolio

    It was observed that the misutilisation of the clients' funds by Bonanza (broker) is in the range of Rs 9.6 crore to Rs 45 crore from December 2017 to January 2018, and the average misutilisation amounted to Rs 24.91 crore.

  • Crude oil futures gain 0.47% to Rs 2,983 a barrel in afternoon session Sep 28, 2020 04:29 PM IST

    Crude oil futures gain 0.47% to Rs 2,983 a barrel in afternoon session

    In the futures market, crude oil for October delivery touched an intraday high of Rs 2,989 and an intraday low of Rs 2,932 per barrel on MCX.

  • Re 1 invested in Adani Enterprises has yielded 800-times return: Gautam Adani Sep 28, 2020 04:12 PM IST

    Re 1 invested in Adani Enterprises has yielded 800-times return: Gautam Adani

    Speaking at the JP Morgan India Summit - Future in Focus, the Adani Group chairman said the seaports-to-airports-to-energy group''s incubation model has created six publicly-traded companies with thousands of jobs and unprecedented shareholder value.

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