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Coronavirus impact: BPCL snaps up 500 mn barrels of distress crude

Sell-off-bound Bharat Petroleum has procured 500 million barrels of distress crude (five shiploads) at a discount of $ 3-5 per barrel to the already low prevailing price following order

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India, Australia agree to consider reviving talks for FTA

India and Australia on Tuesday agreed to consider reviving stalled negotiations on the proposed free trade agreement (FTA), an official statement said. The matter was discussed in a Joint

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Corporate Roundup: BSE equity derivatives turnover touches record high of Rs 7,591 cr

Turnover of S&P BSE Sensex futures and options touched a record high of Rs 7,591 crore on Tuesday, according to a release. The previous high of Rs 5,251 crore

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Laurus Labs banking on vertical integration to crack anti-HIV tenders and US formulations mkts

Laurus Labs, one of the world’s largest producer of anti-HIV and hepatitis-C bulk drugs, is striving to become a vertically integrated drug manufacturer, as it tries to win supply

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Business coming back in China, says Delta Air Lines#39; cargo unit

In what could be some good news for the global aviation sector, the cargo vertical of Delta Air Lines, the American airline which claims to be the most profitable in

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Havells betting big on fan segment, eyes market share growth across categories

Electrical goods company Havells is eyeing a larger play in the fans category through the fans category. In an interaction with Moneycontrol, Ravindra Singh Negi, President, Havells said that

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Ipca Labs Consolidated December 2019 Net Sales at Rs 1,212.86 crore, up 20.55% Y-o-Y

Reported Consolidated quarterly numbers for Ipca Laboratories are: Net Sales at Rs 1,212.86 crore in December 2019 up 20.55% from

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Xiaomi to bring ISRO technology NavIC to smartphones in 2020

Smartphone and smart TV brand Xiaomi on Tuesday announced it would bring ISROs Indian Regional Navigation Satellite System NavIC

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Hudco board to consider raising up to Rs 28,000cr via bonds this week

State-owned Housing and Urban Development Corporation (Hudco) on Tuesday said its board will meet this week to consider raising

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Tata Group refutes Rs 13,823cr AGR demand, says Rs 2,197cr paid: Report

The Tata Group have categorically denied it owes Rs 13,823 crore in adjusted gross revenue (AGR), adding that it

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US stocks join global rout on coronavirus fears; Dow Jones down nearly 800 points

Wall Street stocks plunged in early trading on Monday, joining a global equity selloff on mounting worries that the

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RBI#39;s new motto #39;cash is king, but digital is divine#39;

With ‘cash is king, but digital is divine’ motto, the Reserve Bank on Monday said its endeavour will be

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Farm loan waivers need to be targeted, says RBI Guv Shaktikanta Das

Reserve Bank Governor Shaktikanta Das on Monday said generalised loan waiver is credit negative which undermines the credit culture

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US Supreme Court rejects Apple appeal in patent fight with VirnetX

The US Supreme Court on Monday refused to hear Apple Inc’s bid to avoid paying about $ 440 million

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India to be electricity-based economy eventually, says R K Singh

Power Minister R K Singh on Monday said India will eventually be an electricity-based economy, as the nation is

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NITI Aayog official says $5 trillion economy target too idealistic

The government’s target of achieving a $ 5 trillion economy by 2024-25 sounds “too idealistic”, a Niti Aayog committee

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US stocks join global rout on coronavirus fears

Wall Street stocks plunged in early trading on Monday, joining a global equity selloff on mounting worries that the

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TVS Motor Company says February production affected as COVID-19 outbreak hits supplies

Chennai-based TVS Motor Company on Monday said the coronavirus outbreak has impacted the supply of certain components thereby affecting

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Auditor brings instances of #39;avoidance transactions#39; at DHFL to administrator#39;s notice: Report

Creditors of beleaguered Dewan Housing Finance Corporation (DHFL) were informed by auditor Grant Thornton about some instances of “avoidance transactions”,

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