Monnet Ispat says NCLT#39;s insolvency resolution plan completed

The bankrupt Monnet owes over Rs 11,000 crore to a clutch of lenders.

Monnet Ispat says NCLT#39;s insolvency resolution plan completed

The bankrupt Monnet owes over Rs 11,000 crore to a clutch of lenders.

The Moneycontrol Show | Teacher’s Day special, electric vehicle policy and market strategies

Tune in as Suresh Sadagopan, Founder Ladder7 Financial Advisories, busts common myths and shares with us key rules to follow on the journey to wealth creation

SBI hikes benchmark lending rate by 0.2%

State Bank of India has increased the lending rate by 20 basis points across all tenors up to three years.

62 and counting: LIC is getting too big for its shoes

LIC collected new business premium of Rs 1.34 lakh crore capturing a market share of 69.4 percent in FY18

Srinivasan Venkatakrishnan takes charge as CEO of Vedanta Resources

"Vedanta Resources Plc (Vedanta) announced today that Srinivasan Venkatakrishnan, popularly known as Venkat has taken charge as the Chief Executive Officer (CEO) of the company with effect from August 31," the company said in a statement.

Access Healthcare acquires Noida-based Pacific BPO

The transaction will see Pacific BPO#39;s 2,100 employees becoming a part of Access Healthcare, making the combined entity one of the largest healthcare outsourcing companies with over 11,000 employees, Access Healthcare said in a statement.

GCPL sells UK biz to JZ International for over Rs 310 cr

Commenting on the development, GCPL Executive Chairperson Nisaba Godrej said: "As we build on our presence in these emerging markets and sharpen our strategic focus, we have decided to divest our UK business."

SAIL says dividend for FY18 not possible due to loss

"When the government which is a major shareholder in SAIL asked the PSU that whether it was giving dividend the steel major said that at present it is not in net profit," the official said.

Google, Mastercard have a secret deal to track offline sales from online ads: Report

The tool informs advertisers only if a user has logged in with a Google account, and makes a purchase in an offline store within 30 days of clicking on the ad using a credit card

RBI ban: Fino Payments Bank eyes new streams to make up for revenue loss

The bank was aiming to complete the transaction by September or October initially.

India preferred destination for global investments: Dharmendra Pradhan

Asserting that nobody can stop the juggernaut of Indias growth story, he said company secretaries will have to play a major role in writing a new chapter in the countrys transformation.

Standard Chartered, Siemens collaborate for blockchain pilot project

Just like letters of credit, bank guarantees are issued by lending institutions as a pledge to the rule that the liabilities of a debtor will be met.

Sebi fines five entities Rs 55 lakh for fraud trade

Sebi during the period from April 2010 to August 2011 examined the alleged violations by the entities regarding the irregular trading in shares of CAT Technologies.

Google Assistant can now understand, speak two languages at once

The virtual assistant will be able to speak a combination of English, French, German, Italian, Japanese and Spanish.

Government orders inspection of books of Jet Airways: P P Chaudhary

"The ministry has ordered an inspection of books and papers under Section 206(5) of Jet Airways on August 30, 2018," Chaudhary said in an interview.

Primary aluminium production up 18.2% to 915 KT in Q1: Report

Production has increased despite the challenges like coal shortage during the monsoon and increase in the prices of furnace oil, Care Ratings said in its report.

KEC International bags Rs 1,010 crore orders

KEC International has secured orders worth Rs 491 crore across India, middle east and the America, while the cables business has secured contracts of Rs 250 crore for various types of cables, KEC said in a statement issued here.

Reliance Infrastructure settles Rs 2,640 crore Maharashtra government dues

The payment was made in two instalments through GRAS (Government Receipt Accounting System) payment system on August 29 and August 30, it added.

Toyota Kirloskar sales up 11.47% in August

The company sold a total of 14,100 units in the domestic market in August 2018. It had sold 12,017 units in the domestic market in the same period last year, TKM said in a statement.

Google planning mid-tier Pixel phone, will take on OnePlus in India: Report

Google is working on a mid-range Pixel smartphones aimed mainly towards India and emerging markets

Buyer of government#39;s 51% stake in Pawan Hans can decline ONGC#39;s 49% holding

Responding to queries raised by bidders, the government clarified today that existing interested bidders need not resubmit their bids for Pawan Hans, which has a fleet of 46 choppers.

Health insurance for differently-abled persons

Both the government as well as private insurance companies have policies designed for the differently-abled segment

MCX case: Sebi disposes of show-cause notices against 4 persons

It was alleged in the show-cause notices that these four individuals had sold shares of Multi Commodity Exchange (MCX) and had failed to make necessary disclosures under PIT (Prevention of Insider Trading) norms.

Banks will have to #39;abort#39; lending to infrastructure sector, power companies, warns SBI

The power sector loans are facing a slew of problems due to a changes in non-performing assets recognition after the February 12 RBI circular, which was upheld by the Allahabad High Court last week.

Telecom Commission approves norms for network testing; caps trials at 180 days

The Telecom Commission which is the highest decision-making body of the Communications Ministry also decided to ask the telecom regulator to prescribe a framework for testing of fixed line services.

Idea Vodafone merger a big corporate milestone, market heading for stability: Telecom Secretary

Telecom Secretary Aruna Sundararajan sought to allay any fears of cartelisation in the market saying it is "unlikely".

JPVL board approves hike in authorised capital, conversion of Rs 4,000 crore debt into equity

The board has approved alteration of clause V of the memorandum of association of the company to increase the authorised share capital of the company from Rs 10,050 crore to Rs 20,050 crore, a BSE filing said.

PNB plans to sell entire NSE stake for over Rs 48 crore

Bank#39;s subsidiary PNB Investment Services Limited (PNBISL) has invited bids from merchant bankers on behalf of PNB to arrange for investors.

Railways likely to miss August #39;22 bullet train deadline, mulls opening shorter route

A source said that "a more realistic deadline" for the bullet train project could be 2023, a year from the present deadline.

Godrej Aerospace delivers first of 100 airframes for BrahMos

Godrej had won the orders for 100 sets of airframes for the air-launched missile in December 2017 from the DRDL.

July core industries output at 6.6%

June eight core industries growth was revised from 6.7 percent to 7.6 percent.

IBA elects PNB#39;s Sunil Mehta as chairman

The managing committee of the banking lobby has also elected Bank of India#39;s managing director and chief executive, Dina Bandhu Mohapatra, as the deputy chairman, an official release said today.

Smartworks pumps $20 million in 18 co-working centres

The company has become profitable with its revenue rising 15 percent month-on-month, Smartworks founder Neetish Sarda said.

Jindal Stainless Group aims 15-20% jump in topline in FY19

The Group#39;s turnover during the last fiscal was around Rs 20,000 crore from sales of 1.4 million tonnes of steel products.

Circular Trades: Sebi imposes fine of Rs 16 lakh on two individuals

In three separate but similarly worded orders, the regulator imposed a total fine of Rs 10 lakh on Sunil Purohit and Rs 6 lakh on Haresh Posnak for violation of PFUTP.

Income Tax dept asks Walmart to pay tax for Flipkart deal by September 7: Report

On August 18, Walmart said it has completed the $16-billion deal to acquire a 77 percent stake in Flipkart.

LT to seek shareholders#39; nod to buyback shares worth up to Rs 9,000 crore

"The total number of equity shares to be bought back would hence be 6,00,00,000 equity shares," it said.

JK Paper announces lockout at its manufacturing unit in Odisha

It further said, "The company, due to their continued illegal and unlawful activities of stoppage of work, has declared a lockout with effect from today August 31, 2018, at the said unit and it shall continue till further notice in this regard".

Sebi fines Vital Communications, 4 directors Rs 5 lakh for non compliance

"A penalty of Rs 5 lakh is imposed jointly and severally" on Vital Communications Ltd (VCL), its four directors, Manoj Kumar, Shyam Sunder Sabharwal, Kalpana and Roop Singh, Sebi said in an order dated August 30.

Exporters apprehensive of taking orders from Iran due to US sanctions: FIEO

"There is huge exports potential in Iran but we are facing payment problems due to the US sanctions. Exporters are very apprehensive of taking orders. Future exports to Iran are looking uncertain," Gupta said.

Lupin gets USFDA nod for generic Potassium Chloride Oral Solution

The company#39;s product is generic version of Genus Lifesciences Inc#39;s Potassium chloride oral solution in the same strengths, it added.

Ravi Shankar Prasad seeks Google#39;s support for spreading digital awareness among Indian farmers

The plan to seek greater involvement in the digital inclusion programmes, including "Digital Village" initiative to empower millions of people in the country was also discussed.

Tencent loses $20 billion in value after China attacks myopia with gaming curbs

The curbs are the latest challenge for Tencent, China#39;s largest gaming and social media firm, which earlier this month blamed a freeze on new game approvals for the technology giant#39;s first quarterly profit fall in nearly 13 years.

Tencent loses $20 billion in value after China attacks myopia with gaming curbs

The curbs are the latest challenge for Tencent, China#39;s largest gaming and social media firm, which earlier this month blamed a freeze on new game approvals for the technology giant#39;s first quarterly profit fall in nearly 13 years.

IDBI Bank approves issuance preference shares to LIC

At present, insurance behemoth LIC holds 7.98 percent stake in the public sector bank.

Brands battle on Twitter to cash in on Zomato#39;s viral Radhika Apte tweet

The creative posted on Wednesday with a caption, ‘And you thought only Radhika is versatile’ got traction on Twitter and prompted some weirdly funny replies.

Oil prices set to rise further, says IEA#39;s Fatih Birol

India needs to diversify its sources of oil supply and use biofuels, Birol said in an interview

Coca-Cola takes plunge into coffee with $5.1 billion Costa deal

The purchase from Britain#39;s Whitbread of Costa#39;s almost 4,000 outlets thrusts the world#39;s biggest soda company into one of the few bright spots in the sluggish packaged food and drinks sector.

Google, Harvard to use machine learning to predict earthquake aftershock locations

Earthquakes typically occur in sequences an initial "mainshock" followed by a set of "aftershocks." While these aftershocks are usually smaller in magnitude, they may significantly hamper recovery efforts.