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  • Tata Steel acquisition of Bhushan Steel helps YES Bank recover ₹184 cr. debt

    23 May, 2018 6:16 AM 33

    It filed a claim for ₹325 crore in this case. YES Bank said it had recovered 184 crore in debt following the sale of Bhushan Steel Limited to Tata Steel Limited under the recently-concluded NCLT (National Company Law Tribunal)/ Insolvency and Bankruptcy Code (IBC) proceedings. Earlier, it recovered 32 crore through sale of pledged shares. Thus, it recovered

  • Markets open flat on discouraging global cues

    23 May, 2018 4:25 AM 39

    New Delhi: The key Indian equity indices opened on a flat-to-negative note on Wednesday. At 9.18 a.m., the wider Nifty50 of the National Stock Exchange (NSE) traded at 10,525.70 points, down 11 points or 0.1 per cent from the previous close of 10,536.70 points. Similarly, the barometer 30-scrip Sensitive Index (Sensex) of the BSE, which had opened at 34,656.63 points

  • April tourist arrivals rise 4.4% y-o-y

    22 May, 2018 5:15 PM 34

    India saw the arrival of more than 7.4 lakh foreign tourists in April 2018, a growth of 4.4% from a year earlier, the government said in a statement. Bangladesh (24.3%) was the top source country in terms of percentage share of foreign tourist arrivals, followed by the U.S. (11.2%), the U.K. (9.14%), Sri Lanka (3.48%), Australia (3.33%), Malaysia (3.06%), China

  • JM Financial Credit Solutions to raise Rs 750 cr via NCDs

    22 May, 2018 5:05 PM 36

    Non-banking financial company, JM Financial Credit Solutions said it will raise up to Rs 750 crore by issuing bond next week. The non-banking financial services (NBFC) arm of JM Financial group said issue of its non-convertible debentures (NCDs) will open on May 28 with a base issue size of Rs 300 crore with an option to retain oversubscription up to Rs 450 crore

  • Andhra Bank posts Rs 2,636 cr loss for Quarter ending Mar 31

    22 May, 2018 4:55 PM 35

    Public sector lender Andhra Bank today said it suffered Rs 2,636 crore loss for the quarter ended March 31 2018 due to higher provisioning for bad loans. The bank made a profit of Rs 35 crore during the same quarter in FY 17, it said in a press release. The total income was down by six per cent to Rs 5,093 crore against Rs 5,425 crore in January-March

  • Expect govt to come out with solution to rising oil prices in 3-4 days: Shah

    22 May, 2018 4:41 PM 50

    BJP president Amit Shah today said the government is taking the issue of rising petroleum prices seriously and will soon announce measures to deal with the matter. "The government at the highest level is concerned about it and is taking the matter seriously," he said, adding it will come out with a solution in three-four days. He told a press conference

  • SaleBhai files draft prospectus with BSE for IPO

    22 May, 2018 4:41 PM 31

    E-commerce firm SaleBhai Internet has filed a draft prospectus (DP) with the BSE's SME platform to launch initial public offer for raising around Rs 24 crore. "For its IPO, SaleBhai is issuing 22,59,600 equity shares, offering 26.58 per cent of the company's equity in the market, and will be listed on the Bombay Stock Exchange's (BSE) SME Platform. It is looking

  • NCLAT orders status quo on Essar Steel

    22 May, 2018 4:35 PM 40

    The National Company Law Appellate Tribunal (NCLAT) on Tuesday ordered a status quo on the insolvency process for Essar Steel for two months as it admitted petitions of Numetal and ArcelorMittal over bidding eligibility. The tribunal directed the resolution professional (RP), committee of creditors (CoC) and the NCLT not to pass any order in the ongoing

  • Hollywood continues to entertain India: Deadpool 2 earns Rs 33 cr over weekend

    22 May, 2018 1:45 PM 36

    It looks like Hollywood is enjoying another good year in India as its new releases are making or breaking box office records one at a time. Hitting theatres on May 18, Ryan Reynolds’ Deadpool 2 received a strong opening in India with the film recording Rs 11.25 crore on the first day of its release. Sequel to 2016 film Deadpool and the eleventh installment

  • News in Pics: Your daily dose of pictures from around the world

    22 May, 2018 1:25 PM 61

    Moneycontrol brings to you select pictures that are making headlines across the globe… The SpaceX Falcon 9 rocket with the NASA/German Research Centre for Geosciences GRACE Follow-On spacecraft and onboard at Space Launch Complex 4E at Vandenberg Air Force Base in California. The mission will measure changes in how mass is redistributed within and among