he government is in discussions with multiple foreign lenders, including Germany’s state-owned development bank KfW Group, the World Bank and some Canadian institutions to extend lines of credit to small enterprises, one of the officials, who did not want to be identified, told Reuters.
21 Jul 2019 1:35 AM

The official said the government plans to source up to Rs 1 lakh crore of loans from foreign institutions.

Richest Indian Mukesh Ambani.
20 Jul 2019 12:14 PM

Mukesh Ambani’s remuneration for 2018-19 included Rs 4.45 cr as salary and allowances, which is marginally lower than Rs 4.49 cr.

Reliance is also holding parallel negotiations for a similar monetisation exercise for its 7,00,000 route km fibre network.
20 Jul 2019 10:08 AM

This is the second investment this year that Brookfield is making in a venture controlled by richest Indian Mukesh Ambani.

Consumer businesses, which till last year accounted for a quarter of the company's pre-tax profit, contributed 32 per cent of EDITDA in Q1, the company said.
19 Jul 2019 8:15 PM

Net profit in April-June stood at Rs 10,104 crore while consolidated revenue rose to a record Rs 1,72,956 crore.

The retail investors put in bids worth over Rs 5,000 crore Friday, taking the total bid value to about Rs 25,000 crore, sources said. (Photo: Representational)
19 Jul 2019 8:03 PM

Government is looking to raise up to Rs 10,000 crore through the follow-on fund offer of CPSE Exchange Traded Fund.

Established operators like Bharti Airtel, Vodafone Idea Ltd are in the midst of a bruising tariff war following the entry of Reliance Jio. (Photo: File | ANI)
19 Jul 2019 7:48 PM

RIL statement said that Brookfield will invest Rs 25,215 crore into Tower InvIT.

The board meet comes against the backdrop of an onging spat between promoters Rakesh Gangwal and Rahul Bhatia over alleged corporate governance lapses. (Representational Image)
19 Jul 2019 6:27 PM

The board discussed about appointing a woman director, said CEO Ronojoy Dutta.

Providing new formats for audit report and limited review report in the circular, Sebi said that in view of revision in auditing standards (SA 700) by the Institute of Chartered Accountants of India (ICAI), "audit report formats need to be aligned with SA 700 (revised)".
19 Jul 2019 5:48 PM

This circular shall be applicable with respect to financial results for quarter ending September 30, 2019 and after, Sebi said.

In terms of the traded volume, 3.22 lakh shares were traded on the BSE and over 74 lakh units on the NSE during the day.
19 Jul 2019 5:15 PM

The scrip declined 1.01 per cent to close at Rs 1,249 on the BSE.

Bharti Airtel's leverage is improving, a rating stabilisation will be driven by operational improvement in Indian mobile operations, said Moody's. (Photo: File | PTI)
19 Jul 2019 5:05 PM

Sale of a significant stake in its tower assets would help in further debt reduction, said Moody's.

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