The Securities and Exchange Board of India in a fresh order today barred Vijay Mallya, former chairman of the UB Group, from the Indian securities market for three years and from associating himself with any listed company for the same period. Mallya committed fraud by routing funds via sub-account...
InterGlobe Aviation Ltd, which operates low-cost airline IndiGo, today reported a fall of 11.7% on year in net profit as its expenses grew faster than its topline, and overshadowed healthy growth in travel demand. The company clocked a bottomline of 27.27 bln rupees in Apr-Jun, compared to 30.87...
Lacklustre growth in agriculture and the recent electoral setbacks in rural areas were expected to prompt the National Democratic Alliance government to give a higher share of the Budget pie for the farm sector. Though Finance Minister Nirmala Sitharaman put productivity and resilience in...
The Securities and Exchange Board of India's study released Wednesday on profits and losses made by individual traders from intraday trading has expectedly led to excited chatter among market players. Multiple interpretations are being made but no one is alarmed, as yet. The main finding in...
The Delhi High Court today set aside the government's order barring OCL Iron and Steel Ltd, now under the management of HI A MMT Pvt Ltd, from participating in all coal mine auctions. The court said that the government order that OCL Iron remains ineligible to participate in coal mine auctions...