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avenue supermarts listing, avenue supermarts closing price, avenue supermarts ipo, d-mart retail chain, indian economy, indian stock markets

Indian equity markets open high despite quiet Asian market

The markets remained closed on Wednesday on account of Eid-al-Adha celebrations. Aug 23, 2018
indian oil corporation ioc oil fuel atf jet fuel increase aviation prices cost air india jet spicejet indigo go air vistara airasia india hike slash cut

Indian Oil Corporation to invest Rs 37,000 cr in Tamil Nadu

Indian Oil Corporation will invest Rs 7,112 crore and the IOC group along with Chennai Petroleum Corporation will be investing Rs 37,112 crore in Tamil Nadu Aug 22, 2018
swiss bank black money

Black money: Deposits of Indians in tax havens fell 62% in 2017, says report

Money deposited in bank accounts in Luxembourg have come down to $11 million in 2017 from $29 million in 2013. In Jersey, the deposits decreased by 17.6 per cent from $261 million in 2013 to $215 million in 2017. Aug 22, 2018
Renewable energy

India's small to mid-sized renewable energy firms fighting consolidation wave

Small to mid-sized renewable energy companies in India are starting to look like attractive takeover targets as lenders and investors withhold funds, worried by the stiff competition, weak bond markets, low tariffs and high debt besetting the sector. Aug 22, 2018
youth-unemployment-uk

Lehman Brothers invite ire for party to mark 10th anniversary of global market meltdown

Lehman Brothers, a former financial services firm, has sent an email invitation to the party and addressed it to "Lehman Brothers & Sisters." The reception, complete with cocktails and canapes, is reportedly set to be held in London on September 15. The firm has also planned a reunion in New York and Hong Kong. Aug 21, 2018
Dimitri Donskoi

Asset-backed cryptocurrency investment: The inside story

"You have to think of the Blockchain as a new utility. As in, it is a new utility network for moving value and for moving assets" - William Mougayar, author. Aug 20, 2018
ranganath infosys

Infosys CFO Ranganath resigns, deputy to step in

Ranganath served as the CFO of Infosys for 18 years Aug 18, 2018
air india, air india flights to tel aviv, india israel relations, air india flights to israel, indian tourists to israel, indian civil aviation news

Air India pilots threaten to go on strike if flying allowance not paid immediately

The Indian Commercial Pilots' Association said that "the pilots will report to the office for any office duty of their expertise other than flying duties." The pilots are being paid only their basic salary and flying allowance comprises 70 percent of their pay. Aug 18, 2018
Malvinder singh Ranbaxy

Spiritual guru behind downfall of Fortis' Singh brothers?

Heirs to a business house which was worth billions not that long ago, there has been a dramatic fall in the fortunes of Malvinder and Shivinder Singh in the last six months. Aug 17, 2018
rupee

Rupee recovers marginally after falling to record low

The rupee recovered to 70.23 after it plunged to 70.32-33 -- the lowest ever mark -- against the greenback on the back of an apparent intervention by the Reserve Bank of India (RBI). Aug 16, 2018
jet airways, jet airways q4 results, jet airways share price, aviation stocks, spicejet share price, spicejet q4 results

Lifeline for Jet Airways as Blackstone plans to buy stake in troubled airlines' frequent flyer arm

Jet's cash reserves have dwindled due to rising crude oil prices and intense competition in the Indian market. The airline says it is evaluating all options to meet liquidity requirements and looking at measures to enhance revenue generation and increase cost cutting. Aug 16, 2018
Apple Park, renewable energy,

China lodges complaint with WTO over legalities of US policies

China said that they required the WTO's intervention because the imposition of tariffs and subsidising the renewable energy firms have distorted the global markets. Aug 15, 2018
wholesale inflation for february, wpi february, wpi janary, wholesale inflation at record high, inflation in india, indian stock markets

India's wholesale inflation eases to 5.09% amid lower food prices

On a sequential basis, the expenses on primary articles, which constitute 22.62 percent of the Wholesale Price Index's total weightage inched up by 1.73 percent, from an increase of 5.30 percent in June 2018. Aug 14, 2018
An aircraft of India's Jet Airways lands

Jet Airways debt burden: Troubled airline scrambling to avoid loan repayment default

The full-service airline has written to a consortium of overseas lenders, in which it has requested that a loan covenant on its existing debt terms be waived. The lenders had put a condition of a minimum profit of $50 million for FY19 and Jet has said it wouldn't be able to fulfil this condition. Aug 14, 2018
Punjab National Bank

Who is Usha Ananthasubramanian? CBI and RBI to investigate sacked Allahabad Bank CEO's role in PNB fraud case

Usha Ananthasubramanian had served as the CEO of Punjab National Bank from August 2015 to May 2017. Aug 14, 2018
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