Public sector lender, Bank of Baroda (BoB) revised its interest rates on fixed deposits (FDs) effective 20 July 2019. Bank of Baroda offers interest rates ranging from 4.50% p.a. to 6.60% p.a. for FD with tenures ranging from seven days to 10 years. The bank has reduced the rate of interest across all maturities. FD rates of Bank of Baroda now range from 5.25% p.a. to 6.25% p.a. on deposits with a tenure of 7 days to less than one year.

Easing working capital woes for India’s burgeoning MSME sector, private sector lender Yes Bank is offering secured working capital loan between Rs 1-3 crore in the form of overdraft, letter of credit, and financial bank guarantees. The bank has launched a programme called Smart Edge for MSMEs — a “first-of-its-kind surrogate lending model,” the company said in a statement,

DLF’s CEO Rajeev Talwar has welcomed the National Housing Bank’s recent circular that asked the housing finance companies to desist from offering loan products for subvention schemes offered by builders. It is widely speculated that the new norms could have an adverse impact it may have on the industry, which is weighed down by a slowdown due to lack of demand and a liquidity crunch caused by the NBFC crisis.

Shares of Vodafone Idea slipped below its face value of Rs 10 at Rs 9.90, down 6 per cent on the BSE on Wednesday on the back of heavy volumes. The stock of the telecom services provider hit an all-time low on the bourses.

Till 02:26 pm, around 200 million equity shares, representing 0.69 per cent total equity of Vodafone Idea, changed hands on the NSE and BSE. About 9.5 million shares of the company changed hands via single block deal, the BSE data shows.

The National Company Law Appellate Tribunal on Tuesday dismissed a contempt petition filed against Reliance Group Chairman Anil Ambani and other officials by minority shareholders alleging non-payment of dues by Reliance Infratel.

A two-member bench headed by NCLAT Chairman Justice S J Mukhopadhaya, dismissed any contempt plea against Ambani and his officials.

State-run telecom firm BSNL Chairman P.K. Purwar has set sales targets for the company's various business verticals - fixed line, enterprise businesses, Fibre-to-Home and consumer mobility or wireless - to be achieved by the telecom circles in the current fiscal.

Diversified conglomerate Reliance Industries (RIL) has become the top-ranked Indian company to feature in the latest Fortune Global 500 list.

The oil-to-retail major has toppled state-run Indian Oil Corporation (IOC) as the top-ranked Indian company.

Mumbai: Securities market regulator Sebi on Tuesday directed Hotel Leela Venture (HLVL) to provide information via "additional disclosures in the postal ballot notice" of the asset sale transaction with Brookfield.

Domestic equity benchmark BSE Sensex dropped over 100 points in early trade on Wednesday as investor sentiment dampened further after IMF cut India’s growth outlook.

After swinging nearly 250 point in highly volatile opening session, the 30-share index was trading 104.13 points or 0.27% lower at 37,878.61 at 09:30 hours; and the broader Nifty also fell 38.30 points or 0.34% to 11,292.75.

Larsen and Toubro (L&T) on Tuesday reported a decent set of numbers for the three months to June but indicated that a revival in private sector capex was a good 12-18 months away.

The engineering firm reported a smart 21% year-on-year jump in consolidated net profit to Rs 1,473 crore, though revenues grew at a sedate 10% y-o-y to Rs 29,636 crore. Moreover, fresh orders during the quarter were up a modest 11% y-o-y to Rs 38,700 crore.

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