National & International Financial news and Updates

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How much will it cost Boeing to compensate for all grounded B737 MAX planes?

The monthly cost of substituting a grounded B737 MAX plane is estimated at $250,000 and all the nearly 350 delivered MAX planes are now grounded

8 days ago

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Buffett rubbishes Modern Monetary Theory that opposes taxes, govt borrowing

Berkshire Hathaway boss joins economists trashing MMT that advocates printing currency to sustain government expenses.

9 days ago

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Jet stares at another loan default as lenders seek more funds from Goyal, Etihad

Etihad board undecided on accepting conditions of SBI-led consortium's debt resolution plan that Jet shareholders have approved.

10 days ago

Shock defaults push $108-billion bond market to chaos reminiscent of 2009 crash

Sales of rupee-designated corporate bonds plunge to pre-2016 levels as effects of IL&FS crisis sink in amid rising election uncertainties driving up the spreads of top-rated 10-year corporate paper to highest levels since the global financial meltdown.

10 days ago

Troubled BSNL may get DoT package, nod for 4G services rollout

The Rs 13,000 crore package may include Rs 6,767 crore equity infusion in lieu of 4G spectrum allocation and real estate assets sales.

12 days ago

L&T gets ready for hostile bid on Mindtree amid talks for Siddhartha's stake

The CCD founder has raised loans from various lenders amounting to about Rs 3,000 crore that equals the entire value of more than 20% stake he controls in Mindtree.

12 days ago

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Startups cheer as rule changes ease path for receiving new investments

CBDT clarifies relief like an increase in the limit to Rs 25 crore and raising of benefit period to 10 years will be available from February 19

17 days ago

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ED may recover 'fraudulently gained' wealth from Chanda Kochhar and family

Investigation allegedly reveals funds that ICICI Bank sanctioned to Videocon group were routed to husband Deepak Kochhar's firms.

18 days ago

No Indian 'retaliation' to Trump decision to curtail duty-free trade benefits

The removal of India from countries enjoying the generalised system of preferences (GSP) list will mainly hit $5.6 billion duty-free exports of agricultural and handicraft products.

20 days ago

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Economic growth for FY19 at 7% projected to be lowest for Modi years

GDP growth estimated to hit a six-quarter low of 6.6% in the third quarter with the expansion falling in all key sectors, CSO data show.

24 days ago

Finance Ministry asks tax panel to rationalise existing income-tax slabs

Panel will look at tax slabs, particularly the 20% slab, and revise them in the light of international best practices.

25 days ago

An aircraft of India's Jet Airways lands

Etihad conditions set speed bumps for debt-laden Jet's resolution plan

UAE national carrier is apparently unhappy over SBI opposition to its demand for a right of first refusal after one year and Sebi norm requiring an open offer.

28 days ago

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