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19 July, 2018 4:18 PM Air India needs Rs 2,121 crore for employee salary payouts

Air India has requested the government to release funds to the tune of Rs 2,121 crore for salary payouts of its employees. "Air India was made to buy planes worth Rs 50,000 crore (in 2005-06) and once that expenses were put on us we were assured equity infusion. Now with AI not getting sold off, the infusion must restart. The airline has to pay annual 54

18 July, 2018 1:33 PM Kidnappers to hide in Jethalal’s godown in Taarak Mehta

MUMBAI: After the loan drama, Jethalal will land in trouble again in Taarak Mehta Ka Ooltah Chashmah (SAB TV and Neela Telefilms). As we know, Jethalal (Dilip Joshi) being accused of bank fraud was just Bapuji’s overactive imagination because he was troubled by Jethalal’s loan application. Jethalal tells everybody at Gokuldham Society that he had lost his phone 42

18 July, 2018 11:37 AM Buy Federal Bank; target of Rs 120: JM Financial

Federal Bank reported a strong quarter in 1QFY19, with PAT at INR 2.63bn (+8% above JMFe). The beat in net profit was primarily driven by strong NII growth (+22% YoY), as margins held up for FB. Credit cost was contained at 80bps for FB in 1QFY19, as slippages almost halved sequentially to 2.3% (annualised). Net stress on FB’s loan book (net NPA + other 44

17 July, 2018 4:48 PM Dedicated freight corridor could be announced by PM Modi on Independence Day

During the 72nd Independence Day celebrations, Indian Railways is likely to get its first dedicated longest freight corridor from UP to Mumbai. The Chairman of Railway Board, Ashwani Lohani, took the wraps off the dedicated freight corridor (DFC) project that will run from Dadri in Uttar Pradesh to Mumbai. The 130km-long corridor is a significant announcement 32

17 July, 2018 7:04 AM Tata Steel plans to raise around $3.1 billion through overseas loans

Tata Steel has agreed to transfer two-third of its $18 billion debt to the new joint venture with Thyssenkrupp. The company will service the remaining debt with this loan. Tata Steel may raise around USD 3.1 billion through overseas loans to repay existing debt, ahead of the merger of its European operations with Thyssenkrupp, according to a report 51

17 July, 2018 2:24 AM Stocks in the news: Ashok Leyland, HCL Info, HUL, JSW Energy, Glenmark Pharma, BEML, BEL

Ashok Leyland | HCL Info | HUL | JSW Energy | Glenmark Pharma | BEML and BEL are stocks, which are in news today. Hindustan Unilever: Q1 profit rises 19.2 percent at Rs 1,529 crore versus Rs 1,283 crore, Revenue jumps 11.2 percent at Rs 9,487 crore versus Rs 8,529 crore (YoY); domestic volume growth at 12 percent versus 11 percent (QoQ) & zero percent 67

15 July, 2018 5:45 PM To Highlight 'Failure' Of JDS-Congress Alliance, BJP To Go On State Tours

Raising questions about implementation of promises made by the coalition partners ahead of polls BS Yeddyurappa said, there was no clarity on the farm loan waiver. BJP leaders in Karnataka would soon undertake state-wide tours to highlight the alleged failure of the Congress-JDS coalition government in fulfilling poll promises and issues concerning the state 35

15 July, 2018 3:10 PM AAP announces Alok Agrawal as CM candidate in MP

Arvind Kejriwal dared chief minister Shivraj Singh Chouhan to take part in a public debate over the infrastructure including education and health facilities in MP and that in the AAP-ruled Delhi. Alok Agrawal will be the chief ministerial candidate of the Aam Aadmi Party (AAP) in Madhya Pradesh, party convener Arvind Kejriwal today announced here. "Agrawal 122

13 July, 2018 9:33 AM NTPC signs Rs 1,500 crore term loan with HDFC Bank

It said, "This loan has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC." NTPC, India's largest electricity generating company, today said it has signed a term loan agreement with HDFC Bank for availing a loan of Rs 1,500 crore. The 15-year loan will bear an interest rate linked to 3-months MCLR of the bank, the company 47

13 July, 2018 2:08 AM Here's why you should not delay filing your income tax returns

The tax returns season is underway. You must take all steps to ensure your return filing is error-free. For this it is important to file your returns punctually by the July 31 deadline and to keep yourself updated about any changes in the tax filing norms. If you wait till the last minute to file your returns, you may commit mistakes in a hurry and will have to file a revised 41