RBI lifts cap on FPI investments in corporate bonds
The Reserve Bank of India (RBI) Friday withdrew the 20 per cent limit on investments by FPIs in corporate bonds of an entity with a view to encourage more foreign investments. As part of the review of the FPI investment in corporate debt undertaken in April 2018, it was stipulated that...
-
Microsoft holds summit to empower disables with AI solutions
16 February 2019 | PNS -
Comm Min to notify WTO regarding revoking MFN status to Pakistan
16 February 2019 | PTI -
Arun Jaitley resumes charge as Fin Min
16 February 2019 | PTI -
Amway expects India to be huge growth driver
16 February 2019 | PTI -
Dalmia Bharat Sugar Q3 profit down 20% at Rs 43.36 crore
16 February 2019 | PTI -
India Inc raised Rs 4.57L crorevia debt private placement in Apr-Jan FY19
16 February 2019 | PTI -
Sensex ends lower; metal, pharma stocks crack
16 February 2019 | PTI
AirAsia India offers 20% discount on fares across flights
Low-cost carrier AirAsia India Friday announced an up to 20 percent discount on its ticket prices for travel across its flights as well as AirAsia network for a limited period sale offer. The seven day offer commences from February 18 for travel between February 25 and July 31, AirAsia India said...
India to surpass China as world's largest energy growth market: BP
India will by mid-2020s surpass China as the world's largest energy growth market, accounting for over a quarter of incremental global demand, UK supermajor BP said in its annual energy outlook. The 2019 edition explores the key uncertainties that could impact the shape of global energy markets out to 2040. "The...
Ashwani Lohani takes charge as Air India CMD
Retired technocrat Ashwani Lohani took charge as the chairman and managing director (CMD) of Air India on Friday. He took the charge in presence of recently appointed Civil Aviation Secretary Pradeep Singh Kharola and senior officials of the national carrier. This is Lohani's second tenure as Air India chief. The Appointments Committee of...
Sensex falls over 100 pts in early trade; ONGC rallies 6 pc
Market benchmark BSE Sensex fell over 100 points in early trade Friday on selling in healthcare, metal, banking and auto stocks amid sustained foreign fund outflow and rising global crude prices. Also, a weak trend in other Asian bourses weighed on domestic investor sentiment. The 30-share Sensex was trading 88.01 points, or...
Jet Airways Q3 net loss at Rs 587.77 cr
Struggling carrier Jet Airways Thursday reported a standalone net loss of Rs 587.77 crore for the third quarter ended December 31. The company had posted a standalone net profit of Rs 165.25 crore in the same quarter previous fiscal, Jet Airways said in a regulatory filing. The carrier said revenue from operations...
Jet Airways board approves debt resolution plan; lenders to have largest share
Cash-strapped Jet Airways on Thursday said its board has approved bank-led resolution plan (BLRP), entailing conversion of lenders’ debt into equity, making them the largest shareholder in the airline. The provisional restructuring plan (BLPRP) has been carried out by lenders, led by State Bank of India, under the Reserve Bank of...
RBI imposes Rs 3.5 crore penalty on 3 PSU banks
The Reserve Bank on Thursday said it has imposed Rs 3.5 crore penalties on three public sector banks, including PNB and OBC, for violation of various banking norms. The monetary penalty on the banks has been imposed for non-compliance with various directions issued by the RBI on monitoring of end use...
