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Standalone revenue declined 17% y-o-y due to weak OE production; however, other subsidiaries reported modest growth–revenue up 2.4% for SMR, 12% for PKC and 20% for SMP.Q2Fy20 consolidated Ebitda at Rs 13.2 bn (margin 8.3%) was ~6%…

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Jaypee Infratech owed nearly Rs 10,000 crore to bankers.State-owned NBCC Ltd on Sunday sweetened its bid to acquire bankruptcy-bound Jaypee Infratech, by offering lenders 1,426-acre land instead of 950 acres earlier and also providing…

With the arrest of Rajneet Singh, total nine persons have been arrested in connection with the alleged Rs 4355-crore scam, including three top bank officials and two promoters of HDIL –Rakesh and Sarang Wadhawan, and auditors.A day after…

The Supreme Court on Friday upheld the rights of secured financial creditors and set aside NCLAT’s earlier order which had put operational creditors on with financial creditors.The Supreme Court’s landmark judgement in Essar Steel case…

‘I’ve owned the Apple Card for 3 months…this is why it sucks’…

The sale will be on till November 19 (Tuesday). (Representative image)In good news for buyers, tech giant Samsung is giving discounts on a number of its products that are on offer in November Blue Fest sale. Discounts have been offered…

Union Finance Minister Nirmala Sitharaman (File Photo)Finance minister Nirmala Sitharaman on Friday said the Banking Regulation Act and other relevant laws will be amended suitably, possibly in the upcoming session of Parliament starting…

The benchmark S&P 500 tallied its sixth straight week of gains, its longest such weekly streak in about two years, while the Dow breached 28,000 for the first time.Wall Street’s main stock indexes closed at record levels on Friday,…

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