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Mutual Funds were forced to cut their lending to promoters after Sebi increased the equity cover that mutual funds take as collateral to four times as against earlier practice of keeping cover worth 1.6-1.7 times the loan amount.

Norms fail to curb rise in pledged shares

Among the 110 BSE 500 companiesâ€™ promoters, who have pledged their shares, 7 have more than 90 per cent of the...

12 Nov 2019 12:48 AM IST

BSNL has pegged its internal target for VRS at 77,000 employees, and the effective date of voluntary retirement under the present scheme is January 31, 2020.

Nearly 70,000 BSNL employees opted for VRS so far: Chairman

The two firms will also monetise assets worth Rs 37,500 crore in the next three years.

11 Nov 2019 3:56 PM IST

The company will focus on artificial intelligence-based technology and big data solutions for new innovations that can generate large scale employment.

Paytm plans to invest Rs 500 crore in tech start-ups

The company said it expects to employ technology across the growing internet to become the dominant player in AI.

11 Nov 2019 2:54 PM IST

Apple Inc co-founder Steve Wozniak.

Apple co-founder says Apple Card algorithm gave wife lower credit...

On Saturday, Wozniak chimed in with a similar experience, saying he got 10 times more credit on the card, compared with...

11 Nov 2019 12:54 PM IST

Gross NPA ratio were at 10.25 per cent and net NPA was 3.91 per cent.

Bank of Baroda shares jump over 5 pc on higher Q2 earnings

The bank had posted a net profit of Rs 425.38 crore in the corresponding quarter of the previous financial year.

11 Nov 2019 12:09 PM IST

Ind-Ra has rated bonds of UPPCL totalling Rs 19,989 crore which were raised during FY17 and FY18. (Photo: ANI)

Provident fund investment issues to impact UPPCL financials: Ind-Ra

UPPCL has been stepping it up to meet the enhanced principal repayment obligation as and when required.

11 Nov 2019 10:58 AM IST

More than 30 crore people in the country are playing Fantasy cricket in the country, which is much ahead of developed countries like USA.

FanFight leading fantasy cricket gaming platform attracts 4 million...

The whole concept is to bring the experience of real gaming to fans who can choose their team like selectors.

11 Nov 2019 10:18 AM IST

More than 22,000 international brands from over 78 countries and regions will participate in this years 11.11 on Tmall Global, Alibabas dedicated channel for cross-border e-commerce.

Alibaba Singles-' Day sales hit USD 23 billion in first nine hours

Alibaba netted sales worth USD 30 billion on its platforms on Singlesâ€™ Day last year, dwarfing the USD 7.9 billion.

11 Nov 2019 9:38 AM IST

Amazon Retail India posted a loss of Rs 127.4 crore and revenue of Rs 139 crore in 2019.

Amazon-'s USD 1.5 million political gambit backfires in Seattle City...

Amazon and other companies through the chamberâ€™s Super Pac emerged winners, one of them an incumbent.

11 Nov 2019 9:33 AM IST

Although the Nikkei/IHS Markit Services Purchasing Managers Index (PMI) rose to 49.2 last month from 48.7 in September, it remained below the 50-mark threshold separating contraction from growth on a monthly basis.

Services exhibition to be held from Nov 26-28 in Bengaluru to attract...

The 5th edition of GES 2019 is being held from November 26-28 in Bengaluru, Karnataka, the release said.

10 Nov 2019 7:10 PM IST

Maruti Suzuki cuts production for 9th month in a row

Maruti Suzuki cuts production for 9th month in a row

The company produced a total of 1,19,337 units in October as against 1,50,497 units in the year-ago month, MSI said in a...

10 Nov 2019 1:42 PM IST

RILs market valuation zoomed Rs 16,671.95 crore to Rs 9,23,613.71 crore.

Four of top-10 firms lose Rs 55,682 cr in market capitalisation; TCS,...

The valuation of TCS tumbled Rs 26,900.6 crore to Rs 6,22,401.90 crore, making it the top loser among the pack.

10 Nov 2019 11:44 AM IST