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IndiGo, SpiceJet stare at huge Q1 losses

Experts expect a net loss of Rs 26.7 billion for IndiGo and Rs 10.1 billion for SpiceJet in Q1FY21 driven by low traffic volume, low fleet utilisation and poor coverage of fixed costs. Budget......

Vodafone crisis spills over into mutual fund schemes

Experts say the impact on the schemes’ NAVs may vary in the coming days, depending upon how fund houses treat the developments on VIL and whether there are any further rating downgrades or......

Traders lose lakhs as tech glitch hits Zerodha, India's largest broker

This is not the first time that users of Zerodha clients have faced technical issues. As recently as February, 2019, the platform faced a connectivity issue that led to a pile-up of orders. The......

Fear grips financial sector as DHFL defaults on payment

Nomura analysts said the Reserve Bank of India and the government would need to segregate the potential solvency issue at DHFL from liquidity issues at other larger wholesale NBFCs and HFCs. The......

PSBs need another Rs 50,000 cr recapitalisation in FY20: Report

As of December 2018, a total amount of Rs 51,513 crore has been infused into PSBs. Illustration: Uttam Ghosh/Rediff.com Public sector banks (PSBs) would require another Rs 50,000 crore fund......
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