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BusinessToday.In
May 13, 2021
Sisodia also said that Delhi's oxygen requirement has also reduced to 582 MT per day from over 700 MT earlier. The central government can reroute the additional oxygen being supplied to Delhi to other states, he said


Anand Adhikari
New Delhi, May 13, 2021
The government and LIC have taken a decision to offload the equity stake in the development financial institution turned IDBI Bank to a strategic investor. But the big question is at what price the stake will be sold to a strategic investor. At the current valuations, the bank will be sold at a dirt-cheap price.  In fact, the sale should be based on the forward-looking parameters, which are very encouraging for the bank. The bank has witnessed a turnaround with the first-ever profits in the last five years. It has completely shifted from a corporate bank to a retail bank, which is much secured in terms of asset quality. The LIC-IDBI Combo offers a huge opportunity to cross-sell as the insurance giants have crores of customers.  And finally, the new buyer has to pay a control premium for acquiring a large stake and also a banking license, which is difficult to get as there are many aspirants. Anand Adikari, Executive Edtior, Business Today looks at the valuation issues surrounding the stake sale. Also Read : E-investingWatch More: How to make ARCs more effective to manage post-Covid NPAs  


BusinessToday.In
May 13, 2021
Oxygen supplied is of 98.6 per cent purity and has received necessary medical-grade certifications. Vedanta is now working with experts to resolve logistics involved in transporting oxygen to required parts of India


Reuters
May 13, 2021
Bitcoin, the world's biggest digital currency, fell more than 7% after the tweet and was trading at $52,669


Ankita Chakravarti
New Delhi, May 12, 2021
There are many factors and scientific reasons that determine the accuracy of the smartwatches and the oximeters. But let's hear what the doctors have to say.


BusinessToday.In
May 12, 2021
Siemens share touched fresh high of Rs 2143.2, rising 9.96% against previous close of Rs 1,949 on BSE


BusinessToday.In
May 12, 2021
Share of Asian Paints rose 0.82%  to Rs 2,577 against previous close of Rs 2,556 on BSE


PTI
May 11, 2021
The regulator has also put in place a framework in relation to applicability, constitution and role of the Risk Management Committee (RMC) and eased norms for re-classification of a promoter as a public shareholder


BusinessToday.In
May 11, 2021
As per the Tata Motors announcement, the warranty and free service period of passengers cars which was expected to expire between April 31, 2021, and May 31, 2021, has now been extended till June 30, 2021


BusinessToday.In
May 11, 2021
Stock of JMC Projects gained 5.54% to a fresh high of Rs 108.50 against previous close of Rs 102.70 on BSE


BusinessToday.In
May 11, 2021
Share of InterGlobe Aviation climbed 2%  to Rs 1,711  against previous close of Rs 1,677 on BSE.


BusinessToday.In
New Delhi, May 11, 2021
Shopping mall owners' revenue declined by around 50 per cent during the last fiscal as the retail sector was badly hit since the outbreak of the COVID-19 pandemic in March last year; Delhi Health Minister Satyendar Jain said the national capital has Covaxin stock for only one day, while Covishield stock will last for up to four days only; The World Health Organization said on Monday that the B.1.617 variant first identified in India was being classified as a variant of global concern. Watch this and more news on News Blast. BT Panorama: From Walmart to Tesco, the fastest growing retailers in the world


BusinessToday.In
May 11, 2021
Stock of Zydus Wellness touched an intraday high of Rs 2,155 rising 2.45% on BSE


BusinessToday.In
May 11, 2021
Stock of Coforge rose up to 5.24% to Rs 3,390 against previous close of Rs 3,221 on BSE


PTI
May 10, 2021
After a comprehensive review and in view of the rising COVID-19 cases in the country, the company has decided to suspend manufacturing operations at its plants in Kanchipuram (Tamil Nadu) and Surajpur (Uttar Pradesh)


PTI
May 10, 2021
The stakeholders' relationship committee of the company has approved the allotment of 4,550 fixed-rate, unsecured, rated, taxable redeemable, senior, non-convertible debentures


BusinessToday.In
May 10, 2021
HDFC stock touched an intraday high of Rs 2,564 , rising 2.71% on BSE. The stock has gained 6.86% in 4 days


BusinessToday.In
May 10, 2021
Stocks in news: Hero MotoCorp, Ultratech Cement, HDFC, Deepak Nitrite and more


PTI
May 9, 2021
The Housing Development Finance Corporation Ltd (HDFC) is required to reduce its shareholding in HDFC Ergo to 50 per cent or below as per an RBI directive


Aprajita Sharma and Vivek Punj
May 8, 2021
In an e-mail interview with BusinessToday, SBI General Insurance CFO Rikhil Shah said he expects auto insurance to continue to see growth in FY22 as COVID-19 has made personal vehicles a necessity


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