Business and Finance

Boeing 737 Max likely to be grounded till 2020 as software needs to be fixed: Report

The latest statement has come from American Airlines Group Inc which has said the aircrafts are off their schedules till November this year.

Tata Sons to raise $500 mn via offshore borrowings to fund group’s expansion plans

This is the first tranche from the $2 billion Tata Sons is planning raise by tapping the foreign loan market.

Slowdown in India’s automobile industry to further decelerate production

The automobile sector has been impacted the hardest among major manufacturing sectors due to a consumption slowdown and a weak Monsoon might just accentuate this trend.

Co-promoter Rakesh Gangwal limited his financial risk in IndiGo, alleges InterGlobe

InterGlobe Enterprises said in a statement that during turbulent times at IndiGo, there were stages where Gangwal wanted to de-risk and pushed for the business to be sold.

Allahabad Bank stock down 11% after reporting Rs 1,774.82 crore Bhushan Power fraud

Allahabad Bank, on Saturday, alleged diversion of funds from banking system by Bhushan Power & Steel Ltd (BPSL), reporting a fraud of Rs 1,774.82 crore.

Syndicate Bank encourages users to ‘switch and save’ with new home loan product

This offer is valid for a limited period of 3 months beginning July 1, though the official launch of the loan switch programme happened only on July 12.

SBI MD Anshula Kant appointed Managing Director and CFO of World Bank

The appointment was announced by World Bank Group President David Malpass on Friday.

India's retail inflation hits 8-month high of 3.18% on back of higher food prices

Prices of vegetable increased 4.66%, while pulses and products became 5. 68% more expensive in June on a year-on-year basis.

SEBI probing to see if IndiGo deliberately misled investors about promoter spat

SEBI is examining whether the management deliberately misled shareholders or it didn’t know the true extent of the differences between Rakesh Gangwal and Rahul Bhatia.

Housing affordability worsened in last 4 years: RBI survey

Mumbai remains the least affordable city in India, while Bhubaneswar is the most affordable.