Banking

Unlisted NCDs May Be Treated As Terms Loans, Carry RBI Moratorium Benefit

Sebi is likely to allow corporate houses to treat unlisted non-convertible debentures as 'term loans'. Read more

L&T Board Approves Fund Raising Up To Rs 9000 Crore Via Various Instruments

In the current financial year, L&T is the second conglomerate putting provisions in place for a fund-raising Read more

Hindalco Gets EU Go-ahead To Buy Aleris For $2.6 Bn; Shares Up 7%

Hindalco shares closed at Rs 107 a share, as all clearance for the acquisition, which was announced in July 2018, finall... Read more

Cognizant Withdraws FY20 Revenue Growth Guidance Amid Coronavirus Lockdown

Firm builds up war chest by drawing down $1.7 bn worth of revolving credit Read more

Marico, Godrej Consumer May See Revenue Decline In Q4 Due To Lockdown

Marico said it would see a "modest decline" in its Ebitda for the March quarter due to an unfavourable product mix Read more

IT Sector Braces For A Rough Ride As ISG Predicts Delay In Client Spending

According to ISG, the demand contraction is likely to be felt the most in the second quarter (April-June) period of this... Read more

Coronavirus Lockdown Likely To Adversely Impact Titan's FY21 Revenue

Growth in the segment, which accounts for over 80 per cent of the consolidated sales, was robust in January and February... Read more

Britannia Factories Running At 25% Capacity Utilisation Amid Lockdown

The company is holding an inventory of up to 11 days which is witnessing a depletion for the past one week Read more

Private Labs To Ask SC For Relief On Directive To Offer Free Covid Tests

Thyrocare, Paras Healthcare, and Neuberg say if free tests are to be provided, help is needed from different agencies Read more

Kotak Bank Leadership Team Takes 15% Pay Cut For The Financial Year 2020-21

Uday Kotak, managing director and chief executive officer of the bank opted to forgo his salary, and will receive Re 1, ... Read more

Coronavirus Outbreak: Quick USFDA Approvals For Asthma Drug Makers

Cipla gets nod for drug from USFDA earlier than expected; Lupin in fray Read more

Flipkart Partners With Spencers For Hyperlocal Delivery Of Essential Goods

The e-commerce firm has started a pilot project in partnership with Spencers in Hyderabad to make doorstep delivery of g... Read more

Coronavirus Lockdown: IBM India Says 99% Workforce Now Working From Home

The company provided the option to work remotely to most of its employees even before countries began going under lockdo... Read more

Work From Home A Success For Many Companies, May Become New Normal

This period will serve as a reckoning for remote work and may help to spur on digital transformation Read more

Uber Starts Disbursing Money To Drivers From Rs 25 Cr Dedicated Corpus

Firm also plans to roll out hospital cash insurance for its drivers, covering Covid-19 and other illnesses requiring hos... Read more