Crude oil slump hits Indian shores
The plunge in global oil prices may have brought cheer to consumers, but it is hurting the companies involved in oil exploration and production locally. Cairn India, country’s second-largest private sector oil & gas explorer, has de-hired majority of its developmental oil rigs from its... read more »
IndusInd Bank up over 2% as RBI allows FIIs to buy shares
Shares of IndusInd Bank on Monday surged over 2 percent in morning trade on the bourses after the Reserve Bank on Friday removed the lender from its caution list. RBI in a release on September 4 said it has removed IndusInd Bank from its caution list, allowing foreign investors to buy further... read more »
Diageo may not recover Rs 900 cr loan from Vijay Mallya co
Global spirits giant Diageo has said it may not be able to fully recover a loan of USD 135 million given to Vijay Mallya-affiliated Watson by Standard Chartered Bank where it had acted as a guarantor in case it is asked to pay up. The world’s largest spirits maker, Diageo, which acquired... read more »
Defence veterans end fast-unto-death, protests to continue
Defence veterans, who were on fast-unto-death, on Sunday called off their hunger strike following a clarification from Prime Minister Narendra Modi on the voluntary retirement issue, a day after Defence Minister Manohar Parrikar announced the implementation of One Rank One Pension on Saturday. The... read more »
Top 8 things to look out in the market today
The Nifty is likely to fall in early deals on Wednesday as weak cues from Asian markets, particularly Chinese stocks, hit sentiment on Dalal Street. Wall Street closed with modest gains as... read more »
UBS will lead the Ferrari IPO
Bloomberg reported Tuesday that UBS will be the investment bank that leads Ferrari’s initial public offering, scheduled for October. Bloomberg’s Tommaso Ebhardt, Ruth David, and... read more »
CBI registers case against Teesta Setalvad for ”illegal” foreign aid
The Central Bureau of Investigation has registered a case against civil rights activist Teesta Setalvad for allegedly receiving funds from foreign entities without prior permission from the... read more »
Turkish Airlines emergency landing: Plane leaves for Istanbul from Delhi
An Istanbul-bound Turkish Airlines flight from Bangkok which landed in emergency conditions here on Tuesday following a bomb scare, departed early Wednesday for its destination after being... read more »
I’ll start countrywide agitation or ‘Implement OROP:A...
Social activist Anna Hazare has written to Prime Minister Narendra Modi, urging him to implement the One Rank One Pension (OROP) scheme at the earliest, failing which, he would launch a countrywide... read more »
