The probe into 80,000 shell companies struck off by the Registrar of Companies (RoC) in the first lot has hit a dead end.
Tata Motors is aiming to save Rs 19 billion through cost reduction initiatives during 2018-19, a number comparable to last financial year.
General Electric Co has lost its spot in the Dow Jones Industrial Average after over a century in the blue chip stock index, a new blow to a company that once towered over the American business landscape but is now struggling to retain its standing as an industrial powerhouse.
There could be some relief in store for investors in small savings schemes. The interest rate on small savings schemes, like the popular Public Provident Fund (PPF), is expected to be revised higher, in line with a rise in bond yields.
Without doubt, Chanda Kochhar has had a remarkable career. Chosen by KV Kamath and Narayanan Vaghul to lead ICICI Bank from May 2009—she was picked over Shikha Sharma—Kochhar has been a competent CEO.
Fine Organic Industries IPO: The initial public offering of Mumbai-headquartered oleochemical-based additives manufacturer Fine Organic Industries opened today, 20 June 2018, for subscription with an aim to raise about Rs 600 crore from the share sale at the upper end of the price band.
The government has indefinitely put off the sale of state-owned airline Air India as it believes there wouldn’t be takers ahead of the 2019 general elections.
The initial public offer (IPO) of RITES – a government-owned railway consultancy firm and a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise – opens for subscription today.
The markets are trading slightly higher on Wednesday taking cues from their Asian peers amid ongoing trade war tensions between the US-China.
The telecom department is likely to approve the merger of Vodafone India and Idea Cellular today that will create the country's largest mobile service operator with proposed name of Vodafone Idea Ltd.