Plunging Idea valuations underline telecom sector woes

The turmoil in India’s telecom sector, which has seen plunging revenues and mounting losses and debts, has resulted in the closure or acquisition-merger of several smaller or marginal players.... Read more »

Walmart may take Flipkart public in as early as 4 years

US retailer Walmart has the option to get additional USD 3 billion investments into Flipkart within a year of completing about USD 16 billion deal and may get India’s... Read more »

India’s factory output hits 5-month low; slows to 4.4% in March

India’s industrial production grew at 4.4 percent in March, hitting a five-month low, owing to contraction in capital goods and relatively sluggish manufacturing output, as per data released by... Read more »

“Mission Accomplished,” Infosys Director Resigns To Pursue New Role

Ravi Venkatesan, Independent Director of Infosys, is stepping down from the Board to accept an exciting new role, IT major Infosys announced on Friday. Mr. Venkatesan has been an... Read more »

Exclusive | Leading Fortis shareholder against Munjal-Burman’s offer, cites low valuation

A leading institutional shareholder of Fortis Healthcare on Friday said it may vote against the Munjal-Burmans offer if it is tabled before shareholders for approval. “We are unhappy. Had... Read more »

Canara Bank posts Rs 4,860 cr loss in Q4 as NPA provisions jump 3-fold

Canara Bank on Friday reported a net loss of Rs 4,859.77 crore for the fourth quarter ending March 2018 due to three-fold rise in provisions towards bad loans. Bad... Read more »

Rupee cracks 67-mark vs USD in late morning deals

The rupee dropped 20 paise to hit 15-month lows of 67.07 against the American currency in late morning deals today on sustained dollar demand from importers and banks amid... Read more »

IT dept files charge-sheets against Chidambarams under black money act

The Income Tax department today filed four charge-sheets against former Union finance minister P Chidambaram, his wife Nalini, son Karti and daughter-in-law Srinidhi under the Black Money Act for... Read more »