Business

The Vodafone officer said that the sector in India is undergoing through significant financial stress with industry debt reported at $150 billion and the targets under NDCP including broadband service through 4G for all, the technology cycles will require...

House prices have risen at almost double-digit rates for over a decade in a country of 1.3 billion people, where for many, owning a home is still a dream. Major cities in India have become some of the most densely populated in the world.

Besides, weakness in the greenback against some currencies overseas, increased foreign fund inflows and a higher opening of domestic equities supported the rupee, traders said.

Myntra could also see its total workforce cut by a significant number.

Buying Jet, with its fleet of 124 aircraft, would return Tata to the forefront of Indian aviation in terms of size, almost 70 years after its first airline was nationalised, and six years after it re-entered the market with two joint ventures.

The decision comes amid concerns of a liquidity crisis in the economy after the financial services company IL&FS reported defaults in September.

The Naresh Goyal-run airline is looking for investors to tide over the liquidity crisis, which has resulted in delayed payments to some vendors and salaries to a section of its over 16,000 employees.

otal funds garnered through SIPs (Systematic Investment Plans) have reached to Rs 52,472 crore in the current fiscal so far (April-October), according to the data available with Association of Mutual Funds in India.

The scrip plunged 9.98 per cent to close at Rs 37.45 on BSE. During the day, it slumped 14.90 per cent to Rs 35.40.

Besides, SEBI is looking to make it mandatory for liquid funds to mark to market the value of all bonds that have maturity of 30 days or more.

IndiGo now has 150 of Airbus SE's A321neo jets on order, the source said. The orders showed in the official October review on Airbus' website.

Rajan, in his address, said a growth rate of seven per cent per year for 25 years is "very very strong" growth, but in some sense this has become the new Hindu rate of growth, which earlier used to be three-and-a-half per cent.

The RBI has blamed many NBFCs for borrowing short for long-term assets, which results in potential asset-liability mismatches especially in times of increasing rates where they face trouble refinancing their borrowings.

Investors are also awaiting Consumer Price Index (CPI) data on Monday, which is expected to come down slightly due to recent cut in fuel taxes and fall in oil prices.

TCS denies any unlawful bias in its US operations and says in court filings that the Caucasian American leading the lawsuit was removed from one of its projects and ultimately terminated over “performance concerns”.

The United States said on Friday it will temporarily allow eight importers to keep buying Iranian oil when it re-imposes sanctions on Monday to try to force Iran to curb its nuclear, missile and regional activities. It did not name the countries which wou...