Tata Motors standalone Q4 loss seen at Rs 687 crore; JLR EBITDA seen 3.5% lower

2 hours, 0

Automobile major Tata Motors, on a standalone basis, is expected to post a loss of Rs 687 crore for the March quarter against a net profit of Rs 465 crore year on year. On a consolidated basis, the figure could be lower by 52 percent at 3,502 crore. Revenues for the firm could be lower by 5.5 per...

RBI refuses to disclose list of loan defaulters despite SC order, citing state’s economic interests

4 hours, 0

New Delhi: The Reserve Bank of India (RBI) has refused to make public the list of loan defaulters with public sector banks despite an order of the Supreme Court in 2015 to make this information public. The case relates to an RTI application filed by activist Subhash Agrawal who had sought to know...

Coal block scam: Chargesheet filed against Naveen Jindal, summoned by court

4 hours, 0

The Central Bureau of Investigation (CBI) on Tuesday filed another chargesheet against former MP Naveen Jindal and five others with regards to the alleged irregularities in the allocation of the Urtan North Coal Block in Madhya Pradesh, news agency ANI reported. According to ANI, a Delhi court, t...

Uday Kotak trims stake in kotak Mahindra Bank to below 30%

a day, 0

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 RBI directive. The shares were purchased by several entities, including Canadian pension fund -- Caisse de ...

Hold JK Lakshmi Cement; target of Rs 525: ICICI Direct

5 hours, 0

JK Lakshmi Cement’s Q4FY17 revenues were above our estimates while margins were below our expectations. Revenues increased 9.7% YoY to Rs 806.7 crore (above I-direct estimate of Rs 768.5 crore) led by 6.1%. This coupled with the recent run up in the price prompt us to downgrade the stock from BUY...

Tejas Express: Suresh Prabhu flags off high-speed, feature rich train

a day, 1

Railway Minister Suresh Prabhu on Monday flagged off the country's first high-speed and feature rich train Tejas Express from Chatrapati Shivaji Station here. The new premium train will run five days a week between Mumbai and Karmali in Goa. During the monsoon season, it will run three days a wee...

Vinod Rai, 12 days
Vinod Rai hopeful of shaping BCCI into a structured institution from a personality orie...
Vinod Rai, 12 days
Vinod Rai hopeful of shaping BCCI into a structured institution from a personality orie...