Reliance Capital posts Q1 profit of Rs 272 crore

New Delhi: Reliance Capital (RCL) Tuesday reported a consolidated net profit of Rs 272 crore for the April-June quarter of the current fiscal. The company had registered a net... Read more »

Rupee at record low puts RBI under pressure to curb market rout

By Anirban Nag India has a currency problem and it’s not going away anytime soon. A current-account deficit at a five-year high, elevated oil prices and an emerging-market sell-off... Read more »

‘Government policies pose biggest risk to India Inc in next 3 years’

MUMBAI: Government policies pose the biggest risks for companies over the next three years, followed by cybersecurity and technology disruptions, a survey of over 100 top company executives has... Read more »

Tata Power plans big play in nascent rooftop solar power generation market

Viswanath PillaMoneycontrol News In a big push towards capturing the residential consumers, Tata Power Solar, the wholly owned subsidiary of Tata Power, India’s largest independent power producer on September... Read more »

Air India utilising just 21 of 27 Dreamliners for daily ops

MUMBAI: National carrier Air India is underutilising its flagship Boeing Dreamliner fleet due to flight crew shortage as well as technical issues with only 21 planes being deployed for... Read more »

Lightbox Ventures raises $178 million of its $200 million fund; expects to close by year end

Mumbai-based venture capital firm Lightbox Ventures has raised $178 million of its $200 million third fund. The firm expects to close the fund by the end of this year.... Read more »

ArcelorMittal raises bid for Essar Steel to ₹42000 crore

As of March 2018, Essar Steel, with its 10 million tonne a year production capacity, had outstanding debt of ₹50,786 crore. Photo: AP Mumbai: ArcelorMittal SA, the world’s largest... Read more »

Over optimistic bankers, growth slowdown responsible for bad loans: Rajan

Over optimistic bankers, slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram Rajan in a... Read more »

Oil pulls back on concerns US inventories are building

By Jessica Resnick-Ault NEW YORK (Reuters) – Oil prices were mixed on Monday, pulling back from an early rally after data suggested U.S. crude inventories might build, weighing on... Read more »

Suppliers liable to pay penalty for not passing GST rate cut benefits: NAA

NEW DELHI: In a first of its kind ruling, the National Anti Profiteering Authority (NAA) Monday ruled that suppliers will be liable to pay penalty for not passing the... Read more »