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17 August, 2018 11:52 AM Japan Mitsubishi to acquire 25% stake in Bangladesh LNG terminal

Summit LNG's project plans call for a floating storage and regasification unit (FSRU) to be installed off the coast of Moheshkali. Japan's Mitsubishi on Friday said it has agreed to acquire 25 percent of Bangladesh's Summit Liquefied Natural Gas (LNG) terminal and plans to help develop an offshore receiving site in the South Asian country. The other 34

16 August, 2018 10:18 PM Donald Trump's Military Parade Could Cost More Than $90 Million

The official, speaking on the condition of anonymity, said the cost estimate of about $92 million had not yet been approved by Defense Secretary Jim Mattis and could still be changed and more options could be included. A military parade requested by US President Donald Trump could cost more than $90 million, a US official said, citing provisional planning 38

16 August, 2018 3:22 PM Sebi fines former promoter of Covidh technologies Rs 6 lakh for disclosure lapses

Markets regulator Sebi today imposed a fine of Rs 6 lakh on a former promoter of Covidh Technologies for disclosure lapses with regard to change in shareholding of the company. In an order, Sebi said it has imposed a fine of Rs 6 lakh Obul Reddy Puppala who was director and promoter of the Covidh Technologies, previously known as Aptus Industries Ltd at the time of investigation 34

16 August, 2018 6:43 AM SBI Zero Balance Account: Insta Savings Account Vs Digital Savings Account

SBI Insta Savings Account and SBI Digital Savings Account are two kinds of savings bank accounts, which you can open through SBI's YONO app. If you are planning to open an account in SBI (State Bank of India), you can do so via SBI's YONO app, which enables to open two types of accounts. SBI Insta Savings Account and SBI Digital Savings Account are the two kinds 31

14 August, 2018 9:51 AM IDBI bank Q1 net loss at Rs 2,410 crore, NPAs rise

IDBI Bank reported a wider net loss of Rs 2,409.90 crore for the first quarter ending June 2018. The loss widened from Rs 853 crore registered in the same quarter a year ago, due to a jump in non-performing assets (NPAs) and provisions. In the fourth quarter ending March 2018, the net loss stood at Rs 5,663 crore. Provisions during the quarter spiked 35

14 August, 2018 2:53 AM In Somnath Chatterjee's Last Journey, Angry Family Turns Down CPM Request

A sour note was struck at the Bengal Assembly where Somnath Chatterjee's body lay in state when his daughter responded with some hostility. The death of Somnath Chatterjee on Monday and the day-long events that followed have opened up a Pandora's Box the former Lok Sabha Speaker would most likely have frowned down upon. As his body was taken to three 96

13 August, 2018 1:59 PM CCI approves Teleperformance's $1 bn acquisition of Intelenet

The Competition Commission has approved the billion dollar acquisition of BPO firm Intelenet by French outsourcing firm Teleperformance from private equity major Blackstone. Teleperformance had announced the acquisition of Intelenet from Blackstone in June for USD 1 billion. Euronext-listed Teleperformance, which reported consolidated revenue of about 45

10 August, 2018 2:54 PM BJP’s advertising expenditure could sponsor mid-day meals for 4.5 crore kids for a year

From Rs 980 crore in 2014-15, the expenditure has gone up to Rs 1,314 crore in 2017-18, which is a 34 percent jump Public relations, in today's day and age, plays a decisive role in politics. A clear indicator of this is the amount of money the Bharatiya Janata Party-led NDA government has spent on its own publicity over the last 52 months. It is almost 50

10 August, 2018 9:22 AM State Bank of India posts third straight quarterly loss

State Bank of India (SBI) reported a bigger-than-expected quarterly loss on Friday, as the country`s biggest lender by assets made higher provisions for treasury losses. SBI`s third consecutive quarterly net loss came in at 48.76 billion rupees ($707.28 million) for the three months to June 30, compared with a profit of 20.06 billion rupees a year ago, and a record 44

10 August, 2018 4:40 AM Adani Green Energy rises 5% as Co acquires 100% of Adani Renewable Energy

Shares of Adani Green Energy rose 5 percent intraday Friday as company acquired 100 percent equity share capital of Adani Renewable Energy Park (AREPL) from Adani Tradecom LLP and Adani Trading Services LLP. AREPL was incorporated in March 2015 for the purpose of undertaking the business of development of integrated renewable energy parks. AREPL has entered 49