The loss before tax shot up 262 per cent to Rs 492 crore for the financial year ended March 2016.
Nirma Ltd informed the Bombay Stock Exchange that it would purchase Searles Valley Minerals Operations and Searles Valley Minerals Inc (collectively known as SVM) from US-based private investment firm Sun Capital Partners Inc and other minority shareholders. HSBC Securities and Capital Markets (India) Pvt Ltd advised Nirma on the acquisition of the natural soda ash manufacturer, while J P Morgan Securities Inc was advisor to SVM.
India CEOs of 12 banks form pressure group within IBA.
A summary of sports events and persons who made news on Friday
Under the resolution plan, the lenders would end up having a sizable portion of shares in the airline, if their boards of directors agree to convert part of their debt into equity.
Flipkart has not been able to process with its plans of getting into the grocery vertical and is stuck on running pilots in select cities.
The Centre on Wednesday placed a list of names of 627 Indian account holders in HSBC bank, Geneva in the black money case before the Supreme Court which asked a Special Investigation Team to go through the list and take appropriate action in accordance with law.
You can no longer ignore equity linked saving schemes when you plan your tax-savinginvestments. Here's a look at how these funds have performed.
Concluding the three-part series, Paranjoy Guha Thakurta says that the black money law is likely to fail because of the ineptness of India's investigative and enforcement agencies.
Advocate Prashant Bhushan, who is one of the petitioners in the black money case, makes a case for the revelation of all the names of account holders that the government has submitted to the Supreme Court.
Citigroup's private equity arm Citigroup Venture Capital International, Baring Private Equity, TPG and 3i are the front-runners to acquire an equity stake in Sharekhan, the retail brokerage arm of the Mumbai-based SSKI group.
Second seed Sandeep Jangra and top seed Joshna Chinappa won the men's and women's titles in the 32nd Bombay Gymkhana Maharashtra State Open Squash Championships.
Manufacturing growth in India lost momentum in February.
Investors can sell their entire equity and move to debt when stocks get expensive
Nokia has tied up with Citibank, HDFC Bank, Axis Bank, Standard Chartered, HSBC, ICICI Bank and SBI Cards for the EMI scheme and the offer will be available to consumers with credit cards from any of these banks.
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The Reserve Bank is scheduled to unveil its first quarter review of the monetary policy on July 30.
ICICI Bank edged past foreign banking majors Citibank and Standard Chartered Bank to emerge as the best retail bank in India, according to the latest issue of 'Asian Banker Journal'.
Services sector slowed down in May on weak economic factors.
India's banks are propping up too many weak producers.
Srei Infrastructure Finance is set to be the first Indian company to go for Islamic financing for over Rs 200 crore
While the first three parts of the operation, codenamed 'Red Spider', dealt with Indian banks (both private and state-run), the fourth part targeted a couple of foreign banks.
The US slowdown, service tax on leased and rented premises and imposition of minimum alternate tax are expected to take a toll on the revenue and earnings growth rates of all frontline IT companies in 2007-08.
India must first improve working condition, then it can concentrate on Make in India concept.
Technically, the Indian economy is on road to recovery.
Out of these, no balance has been found in case of 289 accounts
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Gaurav Nandrajog whipped Angad Marwah of Maharashtra in a second round match of the HSBC-Bombay Gymkhana Maharashtra State Open Squash championships.
Tata-controlled CMC Ltd has filed a draft prospectus with Securities and Exchange Board of India for its proposed initial public offering to divest Centre's 26.25 per cent stake in the software firm.
An index value of 42 to 46 means moderate decline.
Government may bring a new law on black money during the ongoing Parliament session.
Equity strategists are basing their expectation on strong corporate earnings recovery, supportive global economic growth, and gradual improvement in business sentiment.
The FIPB rejected two proposals -- Nigeria's Mokeme Chiwetal Izuchukwu and Lanarth Developers Pvt Ltd.
India's 32 mutual fund houses saw an erosion of over Rs 32,200 crore (Rs 322 billion) in their total asset under management last month, with a weak stock market robbing off some shine from their over Rs 5 trillion portfolio.
