Fraud-hit IL&FS' ex-Chairman Sankaran arrested

Mumbai (IANS) In its first arrest in its probe into fraud-hit Infrastructure Leasing and Financial Services (IL&FS), the Serious Fraud Investigation Office (SFIO) on Monday arrested the lender's ex-Chairman Hari Sankaran, a official statement…

GRSE expects order book to soar over Rs 27,000 cr

Kolkata (IANS) State-run Garden Reach Shipbuilders & Engineers (GRSE) is expecting that its present order book would go up to over Rs 27,000 crore with the signing of a Rs 5,500 crore contract for making eight warships, an official said…

Jet assurance to pilots to ward off mass leave

Mumbai (IANS) In a bid to stave off a proposed mass leave by a section of pilots and aircraft maintenance engineer, Jet Airways on Saturday said it will soon pay the remaining December salaries to employees.

In an email to employees, Jet's…

Equity indices open in green, Sensex up 100 points

Mumbai (IANS) The key Indian equity indices opened on a positive note on Friday with the BSE Sensex over 100 points.

The domestic indices rose in tandem with the rise in Asian markets, analysts said. Healthy buying in all the sectoral indices,…

M&M to raise vehicle prices due to high commodity rates

Mumbai (IANS) Automobile major Mahindra and Mahindra (M&M) on Thursday announced a price hike, in the range from Rs 5,000 to Rs 73,000, across all its models, effective from April 1.

"Mahindra & Mahindra (M&M)... today announced…

Banks report better non-performing loan ratio: Fitch

New Delhi (IANS) The Indian banking sector's non-performing loan (NPL) ratio for the nine months to December 2018 fell to 10.8 per cent from 11.5 per cent at fiscal year end 2018, according to Fitch Ratings' estimate.

…

Smartphone prices down 16% in 10 years: Report

New Delhi (IANS) The average selling price of smartphones in India has declined by 16 per cent during 2009-2018, a joint-report by ICEA and KPMG said on Tuesday.

The fall in prices can be attributed to the adoption of open source operating…

Markets in green: Sensex up 200 pts, Nifty crosses 11,500

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note up 200 points, while the Nifty crossed the 11,500 mark.

The Sensex of the BSE opened at 38,372.03 points and touched a high of 38,456.86 and a low of…

Madras High Court declines interim relief to Vedanta

Chennai (IANS) The Madras High Court on Wednesday declined interim relief to Vedanta Ltd to take up maintenance work at its copper smelter plant in Thoothukudi.

The court posted the case to April 23 for next hearing.

Hearing the petition…

Markets in green: Sensex up 70 pts, Nifty at 11,380

Mumbai (IANS) Key equity indices had a muted start on Tuesday. The benchmark Sensex was up 70 points while the Nifty advanced by 24 points.

Both the indices opened slightly higher after some recovery was seen in the Asian markets after Monday's…