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Current years profit is less due to non-repeatable high investment income recorded in the previous financial year.

Max Life FY18 net profit down 20 per cent at Rs 528 crore

Insurer's solvency ratio was at 263 per cent, significantly higher than the regulatory requirement of 150 pc.

29 May 2018 4:41 PM IST

Air Asia Group CEO Tony Fernandes allegedly lobbied with government servants for clearances, removal of existing 5/20 rule of aviation and change in regulatory policies, CBI alleged. (Photo: AP)

Air Asia CEO, others booked for violating norms to get international...

The case relates to alleged violation of norms for relaxation of 5/20 rules in aviation sector to get licenses for...

29 May 2018 3:59 PM IST

The CBI on Wednesday questioned Vikram Kothari, and his son at its headquarters in Delhi. (Photo: File)

ED attaches assets worth Rs 177 crore in Rotomac bank fraud case

The ED alleged that these assets were the 'proceeds of crime' of the illegal act of money laundering.

29 May 2018 3:31 PM IST

EEPC India on Monday said Indias exports grew by 17 per cent to USD 76 billion in financial year 2017-18.

India's exports seen hitting USD 350 billion in 2018-19: trade body

FIEO also hopes India will actively engage with the United States to protect local industry's interest.

29 May 2018 3:23 PM IST

India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

WB to provide USD 21.7 mn loan for Rajasthan financial management

As per the statement, the objective of the project is to contribute to improved budget execution.

29 May 2018 3:09 PM IST

The privatisation of loss-making Air India has hit a roadblock at the starting line-up itself.

He's predator: Air India hostess accuses senior official of sexual...

In a letter to Union Minister Prabhu, the air hostess asked govt to appoint a neutral' investigation committee.

29 May 2018 2:48 PM IST

Gold prices fell by Rs 250 to Rs 30,750 per 10 grams in special Diwali Muhurat trading at the bullion market Thursday despite some token buying by jewellers.

Gold extends losses on subdued global cues, lacklustre demand

Silver recovered by Rs 70 to Rs 40,900 per kg on scattered enquiries from industrial units and coin makers.

29 May 2018 2:45 PM IST

The income-tax (IT) department continued its investigation on bank frauds attaching 14 bank accounts of Rotomac group.

ED attaches Rs 177 crore assets in Rotomac bank fraud case

The ED had filed a criminal case under the PMLA in this instance in February, based on a CBI FIR.

29 May 2018 2:39 PM IST

In an important step toward countrys energy security, state-owned oil explorer ONGC plans to double its gas production in the next 5-6 years.

ONGC nominates one director on HPCL board; wants common govt director

Till now HPCL had two government nominee directors - Rath and Sandeep Poundrik.

29 May 2018 2:36 PM IST

Stepping up its surveillance on suspected entities involved in the misuse of stock exchange platform for unlawful activities including tax evasion, money laundering and market manipulation, market regulator Sebi had initiated investigation in 245 new cases during FY17, 84 per cent higher than FY16.

Sebi to implement system-driven disclosures for non-promoters

The system-driven disclosures in securities market was introduced in December 2015.

29 May 2018 2:29 PM IST

State-owned power equipment maker BHEL said today that it has bagged an order for Rs 4,400 crore to set up a 660 MW supercritical thermal power plant in Uttar Pradesh.

BHEL net profit up 112 per cent at Rs 457 crore in March quarter

Company's standalone net profit for the entire fiscal, 2017-18 was Rs 806.60 crore, up from Rs 495.86 crore.

29 May 2018 2:21 PM IST

Arcelor Mittals Chairman and CEO lakshmi Mittal

NCLAT to hear ArcelorMittal, NuMetal pleas tomorrow

NCLAT had ordered status quo on insolvency of Essar Steel for two months.

29 May 2018 2:10 PM IST