Tata group taking an exit from Air Asia India after facing a loss due to pandemic.
Tata Sons, the holding company of the Tata group, has a 51% stake in AirAsia India. Malaysia’s AirAsia Bhd owns the remaining 49%. The budget airline had a 7.8% share…
FPIs pull out Rs 2,867 cr from Indian mkts in July so far on profit booking
Foreign portfolio investors (FPI) have pulled out Rs 2,867 crore from Indian markets in July so far, mainly on account of profit booking after surge in Indian equities. The overseas…
DMart Q1 net profit falls 88% to Rs 40 crore due to Covid-19 lockdown
Avenue Supermarts Ltd, which owns and operates DMart stores across the country, on Saturday reported 87.61 per cent year-on-year fall in its consolidated net profit at Rs 40 crore for…
PNB Housing Finance to seek shareholders’ nod to raise up to ₹45,000 cr
The company's annual general meeting is scheduled to take place on August 5, 2020. Shareholders are being requested to authorise the board of directors to offer, from time to time,…
Reliance closes Jio stake sale deals and receives Rs 30,062 cr from investors
After Facebook Inc, Reliance Industries has closed deals to sell a minority stake in its digital arm to four other investors, receiving a total of over Rs 30,062 crore. In…
India becomes the second Largest Foreign Investor in UK
India invested in 120 projects and created 5,429 new jobs in the UK to become the second-largest source of foreign direct investment (FDI) after the US in 2019, according to…
Bank of Maharashtra board approves raising Rs 3,000 crore in next 1 year
The board of Bank of Maharashtra has approved a Rs 3000 crore capital raising plan in the next one year while the bank said it is comfortably placed to fund…
TCS net profit in Q1 falls 13.8% to Rs 7,008 Crore
The IT services major’s Q1 performance largely disappointed the street as the pandemic affected its revenues, profit, and operating margins harder than previously expected. Almost all the geographies and business…
PNB on Thursday declared its ₹3,688.58 crore exposure to mortgage financier DHFL as fraud.
India’s second-largest public sector lender Punjab National Bank (PNB) on Thursday declared its ₹3,688.58 crore exposure to mortgage financier Dewan Housing Finance Ltd (DHFL) as fraud. “A fraud of ₹3,688.58…
Flipkart invests Rs 260 cr in Arvind Fashions’ with minority stake
Arvind Fashions (AFL) on Thursday said Flipkart Group has invested Rs 260 crore to pick a minority stake in its subsidiary Arvind Youth Brands. Arvind Youth Brands is Arvind Fashions'…
