Battling a six-year low economic growth and a 45-year high unemployment rate, the government on September 20, slashed corporate tax rates for companies by almost 10 per cent to 25.17 per cent

HDFC Bank's managing director and chief executive Aditya Puri also informed that a search panel of the board announced earlier will be formed by January, to ensure the chosen successor to lead the bank can work with him for 1-2 months

JSPl chairman Naveen Jindal disclosed his plans at the company's 40th AGM in Hisar on September 27, 2019. \"The company has successfully reduced its net debt by more than Rs 4,000 crore in the last fiscal and will continue to work towards doubling the EBITDA in the next 2-3 years,\" he added

\"There is no fee hike for the existing students. For new admissions, hike will be gradual over a period of three years or more, as will be decided by the respective Board of Governors of IITs,\" the Human Resource Development Ministry said in a statement

Reliance Capital has decided to shut its two lending arms - Reliance Commercial Finance and Reliance Home Finance -- by December. Both the credit verticals have a cumulative asset of over Rs 25,000 crore

These entities were in real estate businesses ranging from land acquisition, construction to budget homes. Sources suggest close to Rs 1,000 crore was made available in quick succession between April 2017 and October 2018

Weighed down by the development, Reliance Capital share price declined as much as 13.57 per cent to hit a record low of Rs 24.20, after opening tad higher at Rs 28.20 against previous close level of Rs 28

RCom AGM: On the venue front, there is a change from the past as the financially embattled group has chosen to hold the meetings in KC College auditorium instead of one of the biggest auditoriums in the city

As per the proposal, Glenmark Pharma plans to raise up to $200 million in Indian and/or international market through bonds, debentures or other debt securities in one or more tranches

Reliance Capital, which is one of the promoters of the RNAM, will further sell its remaining 4.28 per cent stake in the insurance joint venture worth around Rs 700 crore

Anil Ambani's Reliance says funds had been arranged by the due date and the delay was due to technical glitches in the bank's servers

GCX, which owns the world's largest private sub-sea cable system, filed for bankruptcy protection in a US court on September 15 after it missed payments on its $350 million of 7% bonds that matured earlier in August

Reliance Capital Ltd held 32.12 per stake in Reliance Nippon Life Asset Management (RNAM) at June end, while the other promoter Nippon Life Insurance Company held 42.88 per cent state.

Reliance Power on September 3 said it has signed a partnership agreement with Japanese energy major JERA for jointly setting up 750 megawatt (MW) gas-based combined cycle power project (phase-1) at Meghnaghat, Bangladesh.

Various economists and surveys had predicted a decline in the GDP for the June quarter. But the GDP growth rate of 5 per cent remained well below even these estimates

Reliance Capital share price fell up to 24% intra day to Rs 30.40 compared to previous close of Rs 40 on BSE. It closed 20% lower at Rs 32 on BSE today.

The bank managed to be in the black in the fourth quarter of the last fiscal by posting a bottom-line of Rs 95 crore, after reporting losses for seven straight quarters.

YES Bank share price has been gaining for the last two days and has risen 6.25% in the period.  YES Bank share price is trading below its 50-day and 200-day moving averages of 91.13 and 171.53 level.

Reliance Capital Q1 results: The Anil Ambani-led Reliance Capital's consolidated net profit jumped four-fold at Rs 1,218 crore in the April-June quarter of FY20 (2019-20) as against Rs 295 crore profit in the corresponding period a year earlier.