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SBI, ONGC to lead Nifty earnings growth in June quarter: Morgan Stanley

SBI, ONGC to lead Nifty earnings growth in June quarter: Morgan Stanley

As India Inc prepares to report its April-June 2019 quarter numbers for financial year 2019-20 (Q1FY20), analysts at Morgan Stanley expect the financial sector to lead earnings growth. For the recently concluded quarter, they peg the earnings growth for the companies they cover (ex-financials) to fall 4 per cent year-on-year (YoY), but rise 29 per cent YoY if the oil PSUs are excluded from the aggregate.

Bank of Baroda to foray into e-commerce business

Bank of Baroda to foray into e-commerce business

New Delhi: Bank of Baroda plans to launch an online marketplace to its customers offering banking services and farm-related products.

The state-owned lender has invited bids seeking a partner to supply 'digital commerce platform' to provide assistance to merchants on catalog management, purchase management fulfilment, pricing, promotion and other similar services.

Sensex resumes downward spiral; Bajaj Finance cracks 5%

Sensex resumes downward spiral; Bajaj Finance cracks 5%

Equity benchmark BSE Sensex resumed its downward march on Wednesday, closing 174 points in the red as risk sentiment remained subdued following a lacklustre start to the earnings season.

Investors were also spooked after US President Donald Trump Tuesday launched a fresh attack on India over its tariffs on American imports, traders said.

HDFC to raise up to Rs 3,000 cr via bonds to augment long-term capital

HDFC to raise up to Rs 3,000 cr via bonds to augment long-term capital

New Delhi: HDFC Ltd will raise up to Rs 3,000 crore by issuing bonds on a private placement basis to shore up its long-term capital needs.,p>The 'HDFC Series V-006 11th July, 2014' secured redeemable non-convertible debentures will have an issue size of Rs 2,000 crore with an option to retain oversubscription up to Rs 3,000 crore, HDFC said in a regulatory filing.

TCS launches free digital learning course to build career skills

TCS launches free digital learning course to build career skills

NEW DELHI: TCS iON, a unit of IT major Tata Consultancy Services, Wednesday said it has partnered with All India Council for Technical Education (AICTE) to provide students with a digital learning course to equip them with career skills.

BSNL, MTNL beat Reliance Jio in January-March revenue growth

BSNL, MTNL beat Reliance Jio in January-March revenue growth

Though the telecom sector has not recovered fully yet, positive swings seem to be emerging. The adjusted gross revenue (AGR) of the industry rose marginally to Rs 35,932 crore in the January-March quarter. The number for the same period last year stood at Rs 35,697 crore. On a sequential basis, though, the AGR declined a bit, as in the December quarter, the amount was Rs 36,054 crore.

Fight against black money: India to get Swiss bank details of all Indians from September

Fight against black money: India to get Swiss bank details of all Indians from September

India's fight against suspected black money stashed abroad will get a major boost this September in the form of first set of detailed financial information about all Indians having Swiss bank accounts, including those closed since last year.

Adani's new 'big money maker' plan: Selling data services to Amazon, Google

Adani's new 'big money maker' plan: Selling data services to Amazon, Google

A string of successful bets on ports, mining and commodities helped transform Gautam Adani from a nondescript diamond trader into a tycoon with a net worth of $10 billion.

Now the Indian businessman is setting his sight on what he believes could become another big money maker: Selling data storage services to companies such as Amazon.com Inc. and Alphabet Inc.’s Google.

Sebi starts investigation into governance issues at InterGlobe Aviation

Sebi starts investigation into governance issues at InterGlobe Aviation

The Securities and Exchange Board of India (Sebi) has initiated a preliminary enquiry into alleged corporate governance issues at InterGlobe Aviation, which operates IndiGo. According to sources in the know, the market regulator is likely to seek further details from the co-promoters of the company to ascertain the veracity of the matter.

From roads to radio units, Anil Ambani group mulls $3.2-bn distress sale

From roads to radio units, Anil Ambani group mulls $3.2-bn distress sale

Indian tycoon Anil Ambani plans to raise about Rs 217 billion ($3.2 billion) by selling assets from roads to radio stations in a bid to cut debt.

The breakdown is like this, according to the group spokesman:

Reliance Infrastructure Ltd. is seeking Rs 90 billion from the sale of nine road projects.

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