Jet's lenders awaiting Sebi decision on exemptions to Etihad: SBI chairman
The State Bank of India-led consortium of lenders has not rejected Etihad Airways’ bailout offer for financially stressed Jet Airways and is waiting for the Securities and Exchange Board of India’s (Sebi’s) decision on granting exemptions to the foreign player, SBI Chairman Rajnish Kumar said on Saturday. Read more...
RIL's e-commerce business may turn out to be more than an online play
The e-commerce business of Reliance Industries (RIL) may not be disruptive just for the online majors, but could make the entire retail industry across B2B and B2C—acronyms used to describe the wholesale and mass retail operations — sit up. Read more...
Sebi turns down L&T's Rs 9,000-cr share buyback citing compliance issues
The Securities and Exchange Board of India (Sebi) has denied approval to Larsen & Toubro’s (L&T’s) Rs 9,000-crore share buyback plan, citing compliance issues over its post-buyback debt-equity ratio. Read more...
Rs 14,300-cr fraud: Centre issues order to sack two PNB executive directors
The central government has sacked two Punjab National Bank (PNB) executive directors (EDs) for their alleged involvement in the Rs 14,300-crore fraud by a group of companies belonging to Nirav Modi and Mehul Choksi. The incident came to light a year back. Read more...
Jio sales points, petrol pump outlets spur Reliance Retail's revenues
Reliance Industries’ December quarter numbers, released on Thursday, were mainly led by its retail and telecom businesses. Read more...
Deposit rates not to rise despite all-time high credit-to-deposit ratio
The credit-to-deposit (CD) ratio is at an all-time high of 79 per cent with bank loan growth touching 15 per cent. But, that may not trigger any sharp rise in bulk deposit rates as banks have a large pool of government bonds that are much above the statutory liquidity ratio (SLR) of 19.5 per cent. Read more...
Investments worth over Rs 4 trillion pledged at Vibrant Gujarat Summit
The ninth edition of the Vibrant Gujarat Global Summit (VGGS) has so far attracted investment commitments worth over Rs 4.62 trillion, across sectors. Read more...
HDFC Bank Q3 net profit rises 20% to Rs 5,586 crore
Private lender HDFC Bank on Saturday reported a 20.3 per cent increase in net profit to Rs 5,586 crore for the December quarter. The bank met profit estimates on the back of healthy growth in net interest income and a higher growth in other income. Read more...
SBI raises $1.25 billion through bonds from the overseas market
The country's largest lender State Bank of India Saturday said it has raised $1.25 billion through bonds from the overseas market. Read more...
Former director Joseph Massey summoned by police in Rs 5,600-cr NSEL scam
Mumbai Police on Saturday summoned former director of the National Spot Exchange Limited (NSEL) Joseph Massey in connection with the Rs 5600-crore scam at the now-defunct commodities spot exchange. Read more...
The State Bank of India-led consortium of lenders has not rejected Etihad Airways’ bailout offer for financially stressed Jet Airways and is waiting for the Securities and Exchange Board of India’s (Sebi’s) decision on granting exemptions to the foreign player, SBI Chairman Rajnish Kumar said on Saturday. Read more...
RIL's e-commerce business may turn out to be more than an online play
The e-commerce business of Reliance Industries (RIL) may not be disruptive just for the online majors, but could make the entire retail industry across B2B and B2C—acronyms used to describe the wholesale and mass retail operations — sit up. Read more...
Sebi turns down L&T's Rs 9,000-cr share buyback citing compliance issues
The Securities and Exchange Board of India (Sebi) has denied approval to Larsen & Toubro’s (L&T’s) Rs 9,000-crore share buyback plan, citing compliance issues over its post-buyback debt-equity ratio. Read more...
Rs 14,300-cr fraud: Centre issues order to sack two PNB executive directors
The central government has sacked two Punjab National Bank (PNB) executive directors (EDs) for their alleged involvement in the Rs 14,300-crore fraud by a group of companies belonging to Nirav Modi and Mehul Choksi. The incident came to light a year back. Read more...
Jio sales points, petrol pump outlets spur Reliance Retail's revenues
Reliance Industries’ December quarter numbers, released on Thursday, were mainly led by its retail and telecom businesses. Read more...
Deposit rates not to rise despite all-time high credit-to-deposit ratio
The credit-to-deposit (CD) ratio is at an all-time high of 79 per cent with bank loan growth touching 15 per cent. But, that may not trigger any sharp rise in bulk deposit rates as banks have a large pool of government bonds that are much above the statutory liquidity ratio (SLR) of 19.5 per cent. Read more...
Investments worth over Rs 4 trillion pledged at Vibrant Gujarat Summit
The ninth edition of the Vibrant Gujarat Global Summit (VGGS) has so far attracted investment commitments worth over Rs 4.62 trillion, across sectors. Read more...
HDFC Bank Q3 net profit rises 20% to Rs 5,586 crore
Private lender HDFC Bank on Saturday reported a 20.3 per cent increase in net profit to Rs 5,586 crore for the December quarter. The bank met profit estimates on the back of healthy growth in net interest income and a higher growth in other income. Read more...
SBI raises $1.25 billion through bonds from the overseas market
The country's largest lender State Bank of India Saturday said it has raised $1.25 billion through bonds from the overseas market. Read more...
Former director Joseph Massey summoned by police in Rs 5,600-cr NSEL scam
Mumbai Police on Saturday summoned former director of the National Spot Exchange Limited (NSEL) Joseph Massey in connection with the Rs 5600-crore scam at the now-defunct commodities spot exchange. Read more...
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