Business
Yes Bank Shares Drop 5% After ICRA Downgrades Bond Ratings
ICRA downgraded Yes Bank’s tier-I bond from AA- to A and tier-II bonds from AA to AA-. The outlook is negative on both bonds.
Rupee Slips 24 Paise to 69.46 vs USD in Early Trade
The rupee opened weak at 69.38 at the interbank forex market and then fell further to 69.46, down 24 paise over its last close.
Yes Bank Stock Rebounds Nearly 5% After Tuesday Bloodbath
Yes Bank on Friday had reported its highest ever quarterly loss of Rs 1,507 crore for the period ended March on the back of provisions against bad loans.
Biman Bangladesh Airlines to Resume Delhi Service From May After Six Years
Initially, government-run airline will operate three weekly flights on Mondays, Thursdays and Saturdays deploying a 162-seater Boeing 737-800.
Fire Breaks Out at Tata Steel's UK Unit After Three Explosions, Two Injured
Early this morning, a series of blasts were heard from Tata's steel plant at the Port Talbot site in South Wales. Only two casualties with minor injuries were reported from the site.
Businesses Can Apply to Revoke Cancellation of GST Registration by July 22: CBIC
The CBIC said where the registration has been cancelled with effect from the date of the order, all returns due till the date of such cancellation are required to be furnished before the revocation application is filed.
Members of Inter-State Gang Held for Cheating ICICI Bank, Withdrawing Over Rs 3 Crore With Cloned Cards
The fraudsters from Jharkhand and West Bengal verified card numbers through e-wallets and booking application and validated PIN number of more than 3,500 bank customers through Interactive Voice Response.
Banks Unions Want Lenders to Offer Special Loans to Jet Airways Staff
The unions also suggested banks can extend special and exclusive loans to the airline to pay the salary dues or some subsistence payments to them against proper collateral.
Jet Airways Crisis: Lenders Keen on Non-IBC Resolution if Bidding Process Fails
Running into debt of more than Rs 8,500 crore, Jet Airways has shut down operations temporarily after lenders decided against extending emergency funds for its survival.
Net Profit for Reliance Industries in Fourth Quarter Rises by 10%, Touches Rs 10,362 Crore
Profit from its retail business jumped 77 per cent to Rs 1,923 crore and that from telecom rose by 78.3 per cent to Rs 2,665 crore.
Aviation Regulator to Seek Credible Revival Plan from Jet Airways, Says Official
After weeks of uncertainty, Jet Airways Wednesday announced temporary suspension of its operations as it did not receive emergency funds to stay afloat.
Jet Shares Hit 10-year Low, But Lenders Hopeful of Successful Bids for Grounded Airline
Jet Airways, once India's largest private airline, on Wednesday evening halted all flight operations indefinitely after lenders led by State Bank of India declined to extend more funds to keep it going.
Boeing Sees Me as Piggy-bank, Says Lion Air Co-founder Rusdi Kirana
Rusdi Kirana said a recent apology by Boeing over the 346 lives lost in the two disasters, firstly at Lion Air in October and then at Ethiopian Airlines last month, stood in contrast to what he viewed as hasty earlier criticism of Lion Air's pilots.
Sensex, Nifty Start on a Positive Note; TCS Jumps over 3%
The rupee appreciated marginally to 69.17 against the US dollar in early trade. Brent crude futures, the global oil benchmark, was 0.13 per cent lower at USD 71.46 per barrel.
Tata Group Signs Formal Agreement with NDMC for Operating Taj Mansingh for 33 Years
The Tata group had retained the property at a license fees of Rs 7.03 crore per month including GST. Earlier, they were paying Rs 3.94 crore per month as license fees.
Sensex Rises Over 100 Points, Nifty Crosses 11,600-mark
Shares of Infosys and Tata Consultancy Services (TCS) were trading up to 0.81 per cent higher ahead of their quarterly earnings, scheduled for release later in the day.
