Snapdeal unlikely to acquire ShopClues: Sources

Snapdeal unlikely to acquire ShopClues: Sources

Wednesday, 19 June 2019 | PTI | New Delhi

The acquisition of ShopClues by larger rival Snapdeal is unlikely to materialise, sources said. The two players were in talks for the acquisition in an all-stock deal. The companies have engaged in such discussions in the past as well, but this is the first time that it has made it to...

Sensex, Nifty close higher; all eyes on US Fed policy meet

Wednesday, 19 June 2019 | PTI | Mumbai

Equity benchmarks Sensex and Nifty on Tuesday closed in the green on emergence of buying in metal, energy and IT counters, but gains were capped by a caution among investors ahead of the crucial US Federal Reserve meeting. Snapping its four-day losing streak, the 30-share Sensex settled the day at 39,046.34,...

Jet Airways shares plummet 41% as company lands in NCLT

Wednesday, 19 June 2019 | PTI | New Delhi

Jet Airways’ shares faced massive drubbing on Tuesday and tumbled nearly 41 per cent after State Bank of India-led consortium of lenders decided to send the grounded airline to the National Company Law Tribunal. The scrip plummeted 40.78 per cent to close at Rs 40.45 on the BSE. During the day,...

Canara Bank to raise up to Rs 12,000 cr in FY'20

Canara Bank to raise up to Rs 12,000 cr in FY'20

Tuesday, 18 June 2019 | PTI | New Delhi

State-owned Canara Bank Tuesday said it proposes to raise up to Rs 12,000 crore through mix of equity and bonds during the current fiscal to fund its business growth. The board has approved raising up to Rs 6,000 crore including premium by way of Qualified Institutional Placements (QIP) or rights issue...

PM to meet economists, sectoral experts on June 22

PM to meet economists, sectoral experts on June 22

Tuesday, 18 June 2019 | PTI | New Delhi

Prime Minister Narendra Modi will interact with leading economists and experts on Saturday to deliberate on economic policy roadmap for promoting growth and employment generation. The meeting, being organised by government think tank NITI Aayog, will be attended by various ministers, NITI Aayog functionaries, leading economists, sectoral experts and industrialists, sources...

Investors continue to dump Jet Airways shares; further tank 15%

Investors continue to dump Jet Airways shares; further tank 15%

Tuesday, 18 June 2019 | PTI | New Delhi

Jet Airways stock tumbled nearly 15 per cent Tuesday after State Bank of India-led consortium of lenders decided to send the grounded airline to the National Company Law Tribunal. The scrip fell for the 12th consecutive day and plunged 14.93 per cent to a multi-year low of Rs 58.10 on the...

Rupee rises 11 paise to 69.80 vs USD in early trade

Rupee rises 11 paise to 69.80 vs USD in early trade

Tuesday, 18 June 2019 | PTI | Mumbai

The rupee appreciated by 11 paise to 69.80 against the US dollar in opening trade Tuesday, driven by positive opening in domestic equities and easing crude prices. Forex dealers said, selling of the American currency by exporters and fall in crude oil prices supported the rupee. However, foreign fund outflows weighed...

ICICI moves NCLAT to seek early hearing on JAL

ICICI moves NCLAT to seek early hearing on JAL

Tuesday, 18 June 2019 | PTI | New Delhi

Private sector lender ICICI Bank on Monday approached the National Company Law Appellate Tribunal (NCLAT), seeking a direction to NCLT Allahabad to hear urgently its insolvency petition against Jaiprakash Associates Ltd (JAL) and pass the order without any further delay. In its plea before the appellate tribunal, ICICI Bank submitted that...

Sunday Edition

Love always wins!

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Most at home as a playwright

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Krishna’s message on work-life balance

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Pray to God for guidance

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Astroturf | We must not take depression lightly

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A will to live well

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