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LNG import rises to record levels. Up by 6.8%

LNG import rises to record levels. Up by 6.8%

It seems that India's declining imports for the Liquefied Natural Gas (LNG) has finally come to an end. The Petroleum Planning & Analysis Cell of the Ministry of Petroleum and...
PSU divestment target set at Rs. 90,000 in FY20

PSU divestment target set at Rs. 90,000 in FY20

The new cabinet of Prime Minister Narendra Modi is making fearless attempts to make India great again. One such attempt is initiated by our new Finance Minister. Mrs Niramala Sitharaman...
ILFS auditors under scanner. Accused of wrong doings by MCA

ILFS auditors under scanner. Accused of wrong doings by MCA

IL&FS seems to have a never-ending saga. After witnessing the liquidity crunch and the NBFC crisis, now the preceding two auditors are being debarred. Ministry of Corporate Affairs (MCA) filed...
Bharti Airtel to settle ownership row with Tanzania by paying $26.2 million

Bharti Airtel to settle ownership row with Tanzania by paying $26.2 million

Bharti Airtel agreed to pay 60 billion shillings ($26.2 million) for the settlement of ownership disputes to Tanzanian government over a period of five years. Airtel connects millions of people all...
Indigo to "rationalise" salaries of technicians following mass sick leave.

Jet plunges 14.8% after Hinduja Group and Etihad Airways reconsider investment

Jet Airways Ltd. was a day late and a dollar short in striking a negotiation with Hinduja Group and Etihad Airways. The debt-ridden airline was forced to terminate the flight...
Larson & Toubro set to construct Navi Mumbai airport, likely to finish by mid 2020.

Larson & Toubro set to construct Navi Mumbai airport, likely to finish by mid 2020.

Larson & Toubro is about to become a leading player in the airport construction segment. They have bagged the contract of Navi Mumbai International Airport. On 7th June 2019, the...
Krishna Institute reported a net profit of Rs. 79 Cr.

Mutual funds shed their exposure in NBFC sector by ₹67000 crores

As soon as the liquidity crisis was unfolded in the Non-banking Financial Service (NBFC) sector, numerous mutual funds, Provident funds, banks, etc resorted towards safeguarding their portfolios. Lenders initiated to...
Shaman and Gaggar drag Jet Airways to NCLT

Shaman wheels and Gaggar Enterprises drag Jet Airways to NCLT

It seems like there is no resurrection for debt-laden Jet Airways in the near future. The airline is going down the hill day by day with troubles not leaving their...
Surge in gold buying widens India's trade deficit to record $15.3 billion

Surge in gold buying widens India's trade deficit to record $15.3 billion

The trade deficit of India surged to $15.3 billion reaching to a five-month peak in April 2019. During the same period, India's gold imports jumped over 50% and gold led...
BMW X5 zooms in India at Rs 72.9L

BMW X5 zooms in India at Rs 72.9L

German auto firm BMW on 16th May 2019 launched its fourth generation Sports Vehicle in diesel variant. BMWX5 starts with the price of Rs 72.9 lakhs onwards in India. The...