Shares of Sun Pharmaceuticals Industries Ltd on Tuesday fell 8% to hit a near six-month low after its overseas arm Taro Pharmaceuticals Industries Ltd reported weak earnings in the March quarter.
Kotak Mahindra Bank's promoter Uday Kotak today sold 1.8 crore shares of the private sector lender for a little over Rs 1,687 crore, bringing down his stake to below 30 per cent to meet the Reserve Bank of India (RBI) directive.
The Railways swanky Tejas Express was on Monday flagged off by Railway Minister Suresh Prabhu from Chatrapati Shivaji Station in Mumbai. However, even before the country's first high-speed and feature rich train was launched, reports emerged that it had been damaged while it was traveling from Delhi to Mumbai on Saturday.
If there is an example of how merciless investors can be at times, the over 11% fall in Bank of India’s stock on Monday is proof enough. And why shouldn’t they be? The sixth largest lender by assets reported the third largest quarterly loss among public sector banks for the fourth quarter of fiscal year 2017.
Reliance Jio has filed a complaint with the telecom ministry alleging that incumbents Bharti Airtel, Vodafone and Idea did not deposit requisite licence fee in March, which led to a potential loss of Rs 400 crore to the government.
Staying on course to resolve the bad loan problem plaguing the banking sector, the Reserve Bank of India (RBI) outlined the further steps it plans to take, such as expanding the oversight committee (OC) and its mandate, modifying existing debt recast rules, and engaging rating agencies for timely action.
The government said on Monday the goods and services tax (GST), scheduled to be rolled out from July 1, was set to benefit consumers, as the tax incidence on smartphones, medical devices and cement would come down.
The benchmark BSE Sensex rallied over 227 points in early trade on Monday on buying in FMCG, banking and IT stocks by investors enthused by global rally in stock markets.
The Maharashtra Assembly passed unanimously the State Goods and Services Tax (GST) Bill today, the last day of a special session of the state Legislature.
It was an unconventional venue for an unusual encounter.