In a rapidly transforming global economic landscape in the face of Brexit, trade wars, debates around central bank policy and India emerging as a major economy in aggregate terms, a focus on creating a financial hub in India is both required and commendable. The Union Budget 2019 has provided incentives to...
Global software major Infosys on Friday reported Rs 3,798-crore consolidated net profit for the first quarter (Q1) of fiscal 2019-20, registering 5.1 per cent annual growth from Rs 3.612 crore in the same period a year ago. Sequentially, however, net profit in Q1 declined 6.8 per cent from Rs 4,078 ...
US stocks traded higher on Friday, as Wall Street was buoyed by the two-day monetary policy testimony of the US Federal Reserve's chairman, which opened the door wider for potential rate cuts. At midday, the Dow Jones Industrial Average rose 148.67 points, or 0.55 per cent, ...
State Bank of India's Managing Director Anshula Kant has been appointed as Managing Director and Chief Financial Officer of the World Bank Group. The appointment was announced by World Bank Group President David Malpass on Friday. Kant is currently a Managing Director of SBI where she previously also ...
A Group of Ministers (GoM) has been formed to examine vexed issue of mining in Goa, Chief Minister Pramod Sawant told reporters late on Friday. The GoM includes Union Ministers for Finance, Environment, Agriculture, Mining, Commerce & Industries, Petroleum and Law, and is led by Home Minister Amit ...
In a scene straight out of a Hollywood film, the US Coast Guard has released a video of a service member jumping onto a moving semi-submersible vessel -- often called "narco-submarine" -- filled with 16,000 pounds of cocaine worth an estimated $262 million....
Accenture on Friday announced the appointment of Julie Sweet, who played an integral role in the company's business and investment strategy, as its new CEO and David Rowland, currently interim CEO, as Executive Chairman. Sweet is currently the CEO of Accenture's business in North America, that ...
China's flag carrier has struck a sale agreement for 20 Airbus aircraft at a cost of around $6.54 billion, the company said on Friday. In an announcement sent to the Hong Kong stock exchange, Air China said that the planes, of the wide-body A350-900 type, were set to be delivered over ...
State-run lenders currently under the RBI's Prompt Corrective Action (PCA) framework on account of bad loans and heavily loss making banks may not be allowed to buy the pooled retail assets of non-banking finance companies (NBFCs) under the scheme announced in the Budget, official ...
Garment exporter, KPR Mills on Friday became the first company to have withdrawn its buyback proposal due to the 20 per cent tax proposed on buyback obligations in the Finance Bill. The company had proposed a buyback offer( one of the preferred ways of paying ...
