Stocks of ICICI Bank and L&T have been recommended as the top Muhurat session picks by a leading brokerage house. According to Centrum Capital, on a standalone basis, ICICI Bank can achieve 1.5 per cent ROA and 15 per cent ROE by FY21E....
Automobile sales, especially of passenger vehicles, have shown a positive trend on the auspicious day of Dhanteras 2019, industry insiders said. The trend is said to be aided by deep discounts and recent government schemes. Passenger vehicle sales, which were in the doldrums since late last year, have ...
Reliance Industries on Friday said that it will set up a wholly-owned subsidiary for its digital platform initiatives with an investment of Rs 1.08 lakh crore. Accordingly, the company's move will lead to the creation of the largest digital services platform company in India....
Country's largest lender State Bank of India has posted a mammoth increase of 219 per cent in net profit to Rs 3,012 crore in the second quarter of the current fiscal on yearly comparison basis. The all important Net Interest Income (NII) increased to Rs 24,600 crore in ...
Bharti Airtel Ltd has acquired a minority stake of 8.82% in Bengaluru-based software development startup Vahan Inc. The company however did not disclose the cost of the acquisition. In a regulatory filing it said the Indicative time period for completion of the ...
The board of Bharti Infratel on Friday extended the deadline to complete the merger with Indus Towers by 60 days to December 24 and also cleared that dilution of shares by existing holders will be lesser than earlier announced, thus also lowering the cash to be paid to Vodafone-Idea on the telco's possible exit...
Telecom major Bharti Airtel on Friday said it will acquire 8.82 per cent stake in Bengaluru-based Vahan as part of its "Startup Accelerator Programme" to support a vibrant startup ecosystem in the country. Founded in 2016 and backed by YCombinator and Khosla Ventures, Vahan leverages...
Amazon's net sales hit $70 billion in the third quarter, an increase of 24 per cent compared with $56.6 billion in the same period last year, but the e-commerce giant saw its net income decreasing to $2.1 billion compared with net income of $2.9 billion in third quarter 2018....
India's flagship programme 'Make in India' and other economic reforms have been credited to have improved the country's global ranking in the 'Ease of Doing Business' index of the World Bank to 63rd position....
In a blow to telecom operators, the Supreme Court said their objections to the definition of adjusted gross revenue (AGR) was "frivolous in nature"....
