Government banks on ETFs to sail through tough disinvestment target

New Delhi (IANS) The government will depend heavily on resource mobilisation by selling its stake in public sector banks through the newly launched financial sector ETFs.

Government sources said that ETFs have been saviour for government disinvestment…

Cochin Airport registers Rs 166 cr profit, proposes 27% dividend

Kochi (IANS) Cochin International Airport Ltd (CIAL) has registered a net profit of Rs 166.92 crore out of a turnover of Rs 650.34 crore during financial year 2018-19, up from Rs 553.41 crores in the previous fiscal, it was announced on Saturday.

SBI chief meets DFS secretary, says DHFL to be resolved

New Delhi (IANS) SBI Chairman Rajnish Kumar on Friday said the CoC and Resolution Professional's decision will be implemented in case of Jet Airways and lenders will decide on next course of action on DHFL and other accounts under RBI's…

Air India disinvestment on track: DIPAM Secretary

New Delhi (IANS) Air India disinvestment is on track, DIPAM Secretary Atanu Chakraborty has said.

"On June 18, 2018, taking note of circumstances in which no bid was received on EOI/PIM floated on March 28, 2018, for strategic disinvestment…

SBI reveals names of 10 big 'wilful defaulters'

Mumbai (IANS) The State Bank of India on Friday revealed the names of 10 new big-ticket firms and their top officials and declared them as "wilful defaulters".

The firms include players from pharmaceuticals, gems and jewelry,…

WhatsApp case proves India needs strong data protection law: Whistleblower

New Delhi (IANS) As the Indian government steps up the pressure on Internet and social media giants to store consumers' data locally -- especially the payments-related data -- the road ahead is not easy for over one billion citizens as Internet…

DHFL management meets MCA top brass over repayment, liquidity

New Delhi (IANS) Top NBFC DHFL management met Ministry Of Corporate Affairs (MCA) officials to brief them on the current situation of the firm where the NBFC is learnt to have informed them of the liquidity and payment schedules.

Official sources…

Key Indian equity market indices open in green

Mumbai (IANS) Taking a cue from global markets, the key Indian equity market indices on Thursday opened higher.

The Sensitive Index (Sensex) of the BSE, which had closed at 39,592.08 points on Wednesday, opened higher at 39,633.97 points.

Sensex ends 157 points up, metal stocks surge

Mumbai (IANS) Steel companies made hay on Wednesday over signs of easing trade tesnion between the US and China, assisting the Sensex and Nifty to end higher on Wednesday.

Steel companies such as Jindal Steel, Vedanta, JWS Steel and SAIL gained…

Panel formed for clarification on issues related to FDI in e-commerce

New Delhi (IANS) In an effort to bring about a convergence of interest between e-commerce platforms and small retailers, Union Minister Piyush Goyal has directed to form a committee which will provide necessary clarification on the issues related…