October 24, 2018

Rupee rises 41paise to 3-week high; Sensex up 187 points

By: ENS Economic Bureau | Mumbai | Updated: October 25, 2018 1:52:28 am Reversing a four-session decline, the BSE Sensex reclaimed the 34,000-mark by jumping 187 […]
October 24, 2018
Welspun MD buys a South Mumbai flat for ₹127 crore

Welspun MD buys a South Mumbai flat for ₹127 crore

Welspun MD Rajesh Mandawewala. Mumbai: Welspun Group managing director Rajesh Mandawewala has bought a three-floor sea-facing apartment in an upcoming South Mumbai residential tower for around […]
October 24, 2018
Reliance Jio amasses over 51% market share in broadband services

Reliance Jio amasses over 51% market share in broadband services

Reliance Jio has amassed over 51 per cent market share in the broadband services on the back of healthy 12.17 million subscriber additions in August. In […]
October 24, 2018
Tata Sponge Iron to acquire Usha Martin’s steel business for up to Rs 47 bn

Tata Sponge Iron to acquire Usha Martin’s steel business for up to Rs 47 bn

Tata Steel on Wednesday said its subsidiary Tata Sponge Iron will acquire the steel business of Usha Martin Ltd (UML) for Rs 43-47 billion. With the […]
October 24, 2018
Wipro net falls 13.8% on client settlement

Wipro net falls 13.8% on client settlement

India’s third largest software exporter, Wipro’s net profit fell 13.8% year-on-year to ₹1,885.7 crore in the second quarter ended September as it recorded a loss of […]
October 24, 2018
Cyrus Mistry becomes PE investor with Mistry Ventures

Cyrus Mistry becomes PE investor with Mistry Ventures

Cyrus Mistry’s new venture comes exactly two years after his ouster from Tata Sons following a feud with his predecessor Ratan Tata. Photo: Mint Mumbai: Former […]
October 23, 2018
Motilal Oswal Private Equity raises ₹2300 crore for third fund

Motilal Oswal Private Equity raises ₹2300 crore for third fund

Motilal Oswal Private Equity CEO Vishal Tulsyan. In the last few years, the PE firm has exited several investments, including those in Parag Milk Foods, Mrs […]
October 23, 2018
Supreme Court gives RCom time till Dec 15 to clear Rs 550-crore dues to Ericsson

Supreme Court gives RCom time till Dec 15 to clear Rs 550-crore dues to Ericsson

By: ENS Economic Bureau | New Delhi | Updated: October 24, 2018 12:44:32 am Anil Ambani The Supreme Court on Tuesday gave debt-ridden Reliance Communications time […]
October 23, 2018
Sensex, Nifty end at 7-month low; TCS, Infosys, Asian Paints stocks fall

Sensex, Nifty end at 7-month low; TCS, Infosys, Asian Paints stocks fall

Selloff in global equities saw benchmark indices — Sensex and Nifty — close on Tuesday at levels last seen nearly seven months ago. Most Asian and […]