‘Scheme may be designed to give lenders more time to build capital buffers’ A one-time debt restructuring allowed by India’s central bank to help lenders and borrowers amid the COVID-19 pandemic will prolong uncertainty about […]
M&M drops U.S. capital plan after loss
Aborts $500 mn investment amid ₹98-cr. Q1 group loss; seeks investor in Mahindra Electric Mahindra & Mahindra (M&M) on Friday reported a first-quarter consolidated loss of ₹98 crore and said it had dropped plans to […]
CEO of Puerto Rico's power company resigns after thousands without power from Isaias
Isaias makes landfall in the Carolinas, knocking out power and sparking fires Mike Tobin reports from Myrtle Beach, South Carolina with the latest. After Tropical Storm Isaias knocked out power to thousands in Puerto Rico […]
SBI net jumps 81%, NPAs shrink
Net interest income rises 16% to ₹26,642 cr. while non-interest income climbs 18% State Bank of India (SBI) reported first-quarter net profit increased 81% to ₹4,189 crore, aided by an improvement in asset quality and […]
Apple delivers blowout earnings but new iPhones face delays amid COVID-19
Other major tech companies Amazon.com Inc and Facebook Inc also posted results that topped Wall Street targets, sending their shares up. Apple Inc on Thursday delivered blowout quarterly results, reporting year-on-year revenue gains across every […]
No relationship of trust with SP Group, Tata Sons tells SC
Counters Mistry’s claim in rejoinder to his cross appeal Tata Sons Private Limited on Thursday denied in the Supreme Court of having any relationship of a “personal character” with Shapoorji Pallonji (SP) Group, a minority […]
Fixed deposits offer cash flow stability
A low interest rate on such investment is a trade off for the stability an FD provides The fortunate among us have the same income as last year. The less fortunate have either seen a […]
Curaleaf Closes Grassroots Acquisition, Expands Presence To 23 States
Massachusetts-based cannabis company Curaleaf Holdings said it has completed its acquisition of privately-held multi-site cannabis operator GR Companies, Inc. or Grassroots. The transaction expands Curaleaf’s presence from 18 to 23 states in the U.S., with […]
IBM To Acquire WDG Automation For Undisclosed Financial Terms – Quick Facts
International Business Machines Corp. (IBM) said Wednesday that it has agreed to acquire WDG Soluções Em Sistemas E Automação De Processos LTDA or WDG Automation, a Brazilian software provider of robotic process automation or RPA. […]
Considering to replace multi-modal transportation of goods act with national logistics law: Commerce Ministry
Ministry aims to replace current transportation of goods law The Commerce Ministry is considering replacing the Multi-Modal Transportation of Goods Act (MMTG) with a full-fledged national logistics law with a view to promote growth of […]