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BusinessToday.In
September 20, 2018
Global private equity major Kohlberg Kravis Roberts & Co LP (KKR) along with Mumbai-headquartered Radiant will buy 49.70 per cent stake in Max Healthcare from South Africa-based Life Healthcare Group Holdings for about Rs 2,120 crore.


BusinessToday.In
New Delhi, September 20, 2018
Alibaba is the first foreign company to openly claim it's ready to accept the data localisation rules, while other prominent giants like Amazon, Microsoft, American Express, Google and Facebook have shown reluctance.


BusinessToday.In
New Delhi, September 20, 2018
Air India is just about managing to stay afloat on the Rs 30,000 crore bailout package extended by the previous UPA regime in 2012 for a decade.


PTI
New Delhi, September 19, 2018
The debts incurred by IL&FS in the form of bank loans accounted for around 0.5-0.7 per cent of overall banking system loans as on March 31, 2018.


BusinessToday.In
September 19, 2018
Anil Ambani on Tuesday said there has been a 'creative destruction' of the telecom sector that has resulted in creation of oligopoly which is going towards a duopoly and may be even a monopoly in the future.


BusinessToday.In
September 19, 2018
While the Bank of Baroda stock was trading 2.07% higher at 115.80 on the BSE, the Dena Bank stock fell 1.31% to trade at 18.85 level against the previous close of 19.10 level. On Tuesday, the Bank of Baroda stock closed 17.04% or 23 points lower on the NSE. On the BSE, the stock closed 16.03% or 21 points lower at 113 level.


PTI
Mumbai, September 18, 2018
Anil Ambani said that the first priority for RCom, which is credited for democratising telecom services through cheaper offers in early 2000s, is to resolve its over Rs 40,000 crore debt.


Nevin John
September 18, 2018
Reliance Capital executive director Anmol Ambani, the elder son of Anil Ambani, said at the company's annual general meeting (AGM) that the group plans to list Reliance General Insurance in this financial year. Here are key highlights


BusinessToday.In
September 18, 2018
The rupee fell 46 paise to close at 72.97 level, its lowest ever against the US dollar in trade today which dampened market sentiment. The Indian currency had closed at 72.51 to the dollar on Monday. Led by the sharp fall in stocks, the market capitalisation (m-cap) of BSE-listed companies plunged by Rs 2,72,549.15 crore to Rs 1,53,64,470 crore since Friday.


BusinessToday.In
New Delhi, September 18, 2018
Bank of Baroda, Dena Bank and Vijaya Bank to merge; govt promises to protect employees' interestsMoving ahead with consolidation of public sector banks, Finance Minister Arun Jaitley on Monday announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank. The merged entity would be India's third largest. There will be no adverse impact on employees of merged entity, the Finance Minister added. Department of Financial Services Secretary Rajeev Kumar said that the new bank will ...


BusinessToday.In
New Delhi, September 18, 2018
The company will sell life, health and general insurance in India where the insurance sector is booming. Its rivals Paytm and Flipkart are already working towards making their presence stronger in the insurance space.


BusinessToday.In
September 18, 2018
Dena Bank was on RBI's Prompt Corrective Action (PCA) list and other two banks have the strength to subsume a weaker bank, Finance Minister Arun Jaitley said on Monday. 


BusinessToday.In
September 17, 2018
The merged entity or amalgamated bank would be India's third largest.


BusinessToday.In
September 17, 2018
Despite steps such as withdrawing withholding tax on Masala bonds, allow some breathing space to foreign portfolio investors, and check non-essential imports and promote exports in order to arrest the decline in rupee, the local currency fell over 50 paise below the 72 level per dollar mark in trade today.


BusinessToday.In
New Delhi, September 17, 2018
If govt allows, I can sell petrol, diesel for Rs 35-40 per litre, says Baba RamdevAs petrol and diesel prices continue to break records every day, yoga guru Baba Ramdev has said if the government allows, he can sell petrol and diesel for just Rs 35-40 per litre. He also called for bringing petrol and diesel under the lowest slab of the uniform Goods and Services Tax (GST), and not the 28 per cent rate, as people's \"pockets are being emptied\". Raising questions over the governmen...


Anand Adhikari
New Delhi, September 17, 2018
Gender diversity is missing in large areas of the financial services industry. There is no easy way out.


Team BT
New Delhi, September 17, 2018
Almost two years after the last Bharat Bandh, educational institutes, transport services, and stores were shut in large parts of India as Opposition parties protested the continued rise in fuel - diesel and petrol - prices.


Nevin John
New Delhi, September 17, 2018
Lessons from the failure of some of India's biggest business names.


PTI
September 17, 2018
According to the global financial services major, the valuations of Indian equities have stretched further largely driven by \"financialisation of savings\", improving corporate earnings outlook especially post the GST framework, and India's relative resilience to a trade war with the US.


BusinessToday.In
New Delhi, September 17, 2018
The yoga guru also calls for bringing petrol and diesel under the lowest slab of the GST, and not the 28 per cent rate, as people's \"pockets are being emptied\".


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