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Mindtree board to meet again on March 26

The board of the IT company had met on Wednesday too, but no decision was taken on the agenda item at hand - the proposed buyback of equity shares - and the firm had informed the stock exchange that the meeting has been adjourned to a future date.

ILFS Transportation Networks defaults on NCD payments due to insufficient funds

ILFS Transportation Networks said principal amount of the defaulted debentures is Rs 20.80 crore and interest is Rs 11.62 lakh.

Tata Steel to offer partial EU packaging sale for Thyssenkrupp deal approval: Sources

The two steelmakers on March 20 agreed to an eight-day extension to a deadline for submitting remedies to the European Commission.

Pierer Industrie in talks with Bajaj Auto for 48% stake in KTM

«Pierer Industrie AG and Bajaj will now evaluate the proposals in detail. The transaction decision is targeted to be made in the second quarter of 2019,» Bajaj Auto said in a regulatory filing on Thursday.

Reliance sends fuel from India, Europe to Venezuela to sidestep US sanctions

Reliance had been supplying alkylate, diluent naphtha and other fuel to Venezuela through its U.S.-based subsidiary before Washington in late January imposed sanctions aimed at curbing the OPEC member#39;s oil exports and ousting Socialist President Nicolas M

IndiGo continues to recruit expat and #39;out-of-job#39; pilots

William Boulter, Chief Commercial Officer of IndiGo, said on Wednesday here, «We continue to engage in recruitment efforts both for expats (pilots) and for the pilots who might be out of job in India to join us.»

Time may be running out for Singh brothers to pay up, even as the blame game continues

Not long ago, Singh brothers were on the Forbes richest Indian businessmen list, with a net worth of $1.4 billion in 2016

IndiGo launches Delhi-Istanbul flight; plans for wider global expansion

William Boulter, Chief Commercial Officer of IndiGo said Wednesday here, «We are looking very seriously into other points in South East Asia, notably the obvious ones of Vietnam and Myanmar. We also want to operate shortly to Saudi Arabia on the west si

ThyssenKrupp applies for EU extension on Tata Steel merger talks

The Commission had opened an «in-depth» investigation into the proposed merger in October last year and noted its concerns that the deal between the two steel majors may reduce competition in the supply of various high-end steels.

#39;Impossible for India-Pak to participate in SCO without unconditional fight against terror#39;

The Shanghai Cooperation Organisation (SCO) was established in Shanghai in 2001 with China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan as founding members.

China tariffs may remain for #39;substantial period#39;: Donald Trump

«We are talking about leaving them for a substantial period of time,» Trump told reporters at the White House, a week before US and Chinese officials are due to begin a fresh round of talks in Beijing.

Fed hints at no rate hike in 2019; move positive for Indian equities


China has responsibility to not shield Pakistan: US

Pakistan-based terror group Jaish-e-Mohammed (JeM) led by Azhar claimed responsibility for the February 14 terrorist attack in Kashmir#39;s Pulwama district which killed 40 Indian security personnel.

Gold near 3-week peak on dovish Fed; palladium at record high

Gold rose on Thursday, trading close to a three-week peak hit in the previous session after the US Federal Reserve phased out a possibility of an interest rate hike this year, while palladium scaled a record peak on supply issues.

Fed announces plan to end balance sheet runoff in September

By September, the US central bank said its current practice of allowing up to $50 billion of Treasuries and mortgage-backed securities (MBS) to roll off its balance sheet each month will come to an end if the economy evolves «about as expected.»

India engaged with UK for earliest extradition of Nirav Modi: MEA

«We welcome the fact that Nirav Modi has been arrested by the United Kingdom authorities pursuant to the arrest warrant issued by the Westminster Magistrate Court,» Kumar said.

Indian-origin businessman sentenced to prison in US for investment fraud scheme

According to court documents, Amrit Jaswant Singh Chahal (31) of Fairfax operated an investment fraud scheme through a company established by him.

Jet Airways Rescue Plan: Lenders to take control, Goyal asked to step down

Sources say Tata Sons have been approached to rescue Jet Airways

PFC to acquire 52.63% govt shares in REC for Rs 14,500 cr by March-end

As per the proposal PFC will acquire about 104 crore shares or 52.63 per cent of the government stake in the REC at Rs 139.50 per share, the PFC said in a regulatory filing.

Sebi issues consultation paper on differential voting rights

The paper has been issued pursuant to a report submitted by a Sebi-constituted group on Differential Voting Rights (DVR).

Hit by financial troubles, Jet Airways#39; pilots appear for interviews at SpiceJet

Sources told Moneycontrol that 260 pilots, including 150 captains, came for the interviews organised at Mumbai for Boeing 737 rated captains, non-type rated captains and first officer with frozen airline transport pilot licence

Telecom subscriber base crosses 120 cr; Jio, BSNL, Airtel add customers

The mobile customer base grew to 118 crore in January from 117 crore in December. The wireline connection in the country slid to 2.17 crore in January from 2.18 crore in December.

Govt looks at providing Jet Airways#39; unused airport slots to other domestic airlines

Civil Aviation Secretary Pradeep Singh Kharola said that domestic capacity should be increased when the season starts in April.

Embassy Office Parks#39; issue subscribed 2.6 times on final day of bidding

Embassy Office Park, the joint venture of Blackstone and realty firm Embassy Group, raised Rs 2,619 crore from anchor and strategic investors ahead of its initial issue, which opened on Monday and closed on Wednesday.

Technologies reshaping the Wealth Management Industry

Emerging technologies like VR and AI are transforming the Wealth Management industry on both the front- and back-end.

Rating firm SP lifts oil price assumptions after OPEC, Russia cuts

The revision, which will filter into the firm#39;s ratings for both oil producers and importers, comes just two months after it lowered its forecast to $55 per barrel from $65 per barrel.

MSTC Rs 226 crore IPO subscribed 1.5 times after sale extension

MSTC revised the price range for the share sale to 120-128 rupees per share on Monday from 121-128 rupees.

QTS expands Managed Public Cloud Solutions with Microsoft Azure

Managed Azure Essential is a key component of QTS#39; public cloud infrastructure management strategy.

Global Blockchain market to touch valuation of $20 bn by 2024: Report

Transaction transparency and reduced cost of transaction are the two primary drivers.

Midas Protocol integrates with Kyber and IDEX to create Universal Wallet

Growing a strong ecosystem has increasingly been targeted by many firms as one of their priorities.

Global Steel Holdings settles State Trading Corporation#39;s Rs 2,210-cr claim

Pursuant to a court order, an amount of Rs 2,210 crore has been paid to STC and no amount is due, Global Steel Holdings Ltd said in a statement issued here.

Oil edges up on ongoing supply cuts, but slowing economy drags

International Brent crude oil futures were at $67.74 a barrel at 0700 GMT, up 13 cents, or 0.2 percent, from their last close. Brent on Tuesday touched its highest since November 16 at $68.20 a barrel.

Now, buy insurance online comparing product features, not price

Policyholders can compare products based on the features offered by the insurer and no contact details will be required.

Rupee recovers 13 paise against US Dollar

At the Interbank Foreign Exchange (forex), the domestic currency opened lower at 69.11 a dollar and gained to touch the day#39;s high of 68.72.

Cybersecurity a key driver for AI market growth: Report

Al helps in threat detection, pattern recognition, and response time reduction.

PMO, FinMin and SBI in a huddle as Jet Airways hits deep air pocket

«Banks are trying to work out a way to revive Jet Airways through a change in management,» said a top official on condition of anonymity.

Sebi asks exchanges dealing in agri-commodity derivatives to create fund for farmers, FPOs

In September last year, the regulator had decided to levy a nominal fee of Rs 1 lakh per exchange instead of levying charges based on turnover slab rates and proposed to set up a fund with the fee foregone by it.

After food tampering case, Zomato launches tamper-proof packaging

In tamper-proof packaging, the food will be sealed by the restaurant and the packet can only be opened by cutting off the top-end strip.

Hudco set to raise Rs 3,500 crore debt from global investors

The MTN programme has been assigned Baa2 by Moody#39;s and #39;BBB- by Fitch Ratings.
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