Reliance Capital COC divided on Challenge Mechanism

Mumbai (IANS) The Committee of Creditors (COC) of Reliance Capital, which met on Friday to decide on the Challenge Mechanism process, remained divided and undecided on the modalities of the proposed process to be adopted in the bidding process.

Indigo reports net loss of Rs 15,833 million in Q2 FY22-23

New Delhi (IANS) Airline IndiGo reported a loss of Rs 3,818 million, excluding foreign exchange loss, for the quarter ending September 2022, compared to a loss of Rs 14,699 for the same quarter last year.

Including the foreign exchange loss…

Investors can buy gold to diversify risk: Quantum AMC

Chenna (IANS) Gold prices ended the last month 0.7 per cent lower, supported by a depreciating rupee and festive demand for Diwali and Dhanteras, said Quantum Asset Management Company (AMC).

On the other hand, the yellow metal prices in the…

HDFC logs Rs 4,454 crore net in Q2

Chennai (IANS) Home finance company Housing Development Finance Corporation Ltd (HDFC) closed the Q2FY23 with a higher net profit of Rs 4,454.24 crore.

In a regulatory filing, HDFC said it had logged an operational revenue of Rs 15,027.21 crore…

Reliance Capital bidders flag off multiple legal issues involving Rs 20,000 crore liability

Mumbai (IANS) As the deadline for the submission of binding bids approaches, the bidders of Reliance Capital, including Hinduja, Torrent, Zurich, and Piramal have flagged off various legal issues to the lenders and Administrator, involving Reliance…

Rupee has behaved in an orderly manner, says RBI Governor

New Delhi (IANS) With the rupee witnessing a downward spiral for the past several weeks, even crossing the 83 mark against the US dollar, RBI Governor Shaktikanta Das on Wednesday said that the Indian currency has behaved in an orderly manner and…

IDBI Bank declared former directors of Amtek Auto Ltd 'fraud', CBI to SC

New Delhi (IANS) The CBI has told the Supreme Court that IDBI Bank has declared the former promoters/directors of Amtek Auto Ltd as "fraud" on September 26, and reported it to the RBI on October 4, and is in process of filing a complaint against them,…

Sugar export ban extended till Oct 31, 2023

New Delhi (IANS) The Centre has extended the ban on sugar exports by a year till October 31, 2023 to ensure a check on the domestic prices and its availability in the country.

The move is being seen as a step towards curbing rising food inflation.

Global tablet market down 16%, Apple maintains lead

New Delhi (IANS) Despite the global tablet market declining by 16 per cent (year-on-year) in the third quarter this year, Apple marinated the lead with 39 per cent market share and shipped 14.7 million units.

According to Strategy Analytics,…

Infosys declares interim dividend of Rs 16.50 per equity share; Akshata Murthy to get 64.27cr

Bengaluru (IANS) Software giant Infosys on Friday declared an interim dividend of Rs 16.50 per equity share for shareholders for the year 2022-23, while Akshata Murthy, wife of UK Prime Minister Rishi Sunak, will get a dividend of Rs 64.27 crore.