New Delhi/Berne: As Switzerland strives hard to re-establish its global financial centre position after clamping down on secrecy walls of its banks, there has been a significant surge in the number of cases where it has initiated process to share information on Indians with Swiss bank accounts and shot off letters to about a dozen such individuals last week itself.

New Delhi: Realty major DLF reduced its net debt by 38 per cent during the fourth quarter of last fiscal to Rs 4,483 crore with the help of funds raised from selling shares to institutional investors.

According to an investors presentation, DLF's net debt has come down "from Rs 7,224 crore in Q3 of FY19 to Rs 4,483 crore in Q4 of FY19".

Mumbai: The benchmark BSE Sensex jumped over 100 points in early trade on Monday driven by gains in banking stocks amid unabated foreign fund inflow.

The 30-share index was trading 128.27 points, or 0.33 per cent, higher at 39,562.99. Similarly, the broader NSE Nifty spurted 28.75 points, or 0.24 per cent, to 11,872.85.

Hyundai Motor India Ltd (HMIL) will bring its fuel cell SUV, the Nexo, to India soon after it launches its fully electric SUV Kona in July this year.

However, the company was not keen to launch hybrid powertrains as the current GST structure did not offer any relaxation on such models, Puneet Anand, senior general manager and group head (marketing) of HMIL, had said on the sidelines of the launch of the Venue in New Delhi.

Sydney: Bitcoin soared to the highest level in a year, extending a run that’s seen prices more than double.

The largest cryptocurrency climbed about 8% Monday to its highest since May 2018, and was trading at $8,678.58 as of 8 a.m. in Tokyo.

MUMBAI: State-run Air India Ltd’s latest bid to sell its real estate assets has found few takers. The national carrier could sell less than 10 of the 56 properties that were put up for sale in April, according to two people directly aware of the development.

The reserve price of these properties, mostly residential units, ranged from ₹16 lakh to about ₹8 crore and were located in cities such as Mumbai, Delhi, Pune, Bengaluru, Chennai and Kolkata.

Prime Minister Narendra Modi's thumping election victory is dividing analysts on India’s rupee.

Citigroup Inc. is positioning for a weaker rupee using options after the currency’s recent outperformance, while Nomura Holdings Inc. expects the sweep of Modi’s win to attract robust overseas flows to the nation’s assets, giving another leg to the rally.

The next meeting of the GST (goods and services tax) Council could take place as early as next week after approval from the new finance minister. The focus will be on tackling the unfinished agenda requiring immediate attention like tax structure for solar projects, uniform tax rate on state-organised and state-authorised lotteries, taxing non-potable alcohol besides certain changes in the law, extension for the National Anti-profiteering Authority (NAA) and rate rationalisation.

The rupee on Monday opened 12 paise higher at 69.41 against the US dollar. The domestic currency on Friday rallied 49 paise to close at 69.53 following a decisive mandate for Narendra Modi-led BJP (Bharatiya Janata Party) in the general elections.

On weekly basis, the Indian currency gained 70 paise helped by a host of domestic and global factors like stable political outlook with NDA government's return, sustained fund inflows, lower crude oil prices and strengthening Asian currencies.

New Delhi: State-run power giant NTPC on Saturday posted a 48.7 per cent jump in its standalone net profit at Rs 4,350.32 crore for the March quarter compared to the year-ago period mainly on the back of lower expenses.

The company's standalone net profit in January-March 2018 was Rs 2,925.59 crore, an NTPC statement said.

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