Banks gave USD 745 billion to groups planning new coal power plants: NGOs
The report's release comes as world leaders met this week in Madrid for a 12-day UN climate summit, where they are expected to hammer out some of the details of the 2015 Paris agreement. But the report released by environmental groups on Thursday cites more than 1,000 new coal power stations or units in the pipeline.
SP Group sells quarter of its TCS holding
The TCS share-sale is part of SP’s asset monetisation plan to pare its Rs 30,000-crore debt.
RBL Bank raises Rs 2,025 cr from Bajaj group, other investors
The issue saw strong demand from domestic as well as foreign qualified institut...
Sales at microbreweries face a dry run for the first time
About 170 microbreweries mushroomed in the past decade as the country’s high population of millennials showed keen interest in craft beer, a niche segment that still accounts for just 2-3% of the beverage consumption. Packaged craft beer brands such as White Owl and Geist are feeling the impact of the economic slowdown as well.
Welspun Groups family office acquired a majority stake in One Industrial platform
Welspun Group Promoters, through a closely held family office investment has acquired majority stake in warehousing platform - One Industrial Spaces, an integrated fund, development and asset management organization focused on the warehousing sector in India.
Capri Group buys into Lakshmi Vilas Bank
A holding of 5 per cent or more in a private bank requires the approval of RBI.
Saudi, Russia win over oil producers to deeper cuts
Benchmark Brent oil prices were steady on Friday near $63 per barrel.
Saudi Aramco shares to start trading on December 11
Aramco raised $25.6 billion, beating Alibaba’s record $25 billion listing in 2014.
Govt should provide strong stimulus package for economy: Kumar Mangalam Birla
"I am not an economist to begin with but I think we are nearing the bottom...I don't see credit growth to large corporates to pick up anytime soon. Most are still getting large debts in their balance sheets which I think they need to lop off," said Aditya Birla Group Chairman Kumar Mangalam Birla at a media event today.
Why this fund manager is betting against consumption
We are cautious on the consumer space, where we think valuations are stretched specifically with the consumer staples pack. Between the consumer staples and consumer discretionary pack, there is still some upside left on the consumer discretionary side. But we are fairly cautious on the staples pack. On the consumption basket, we continue to be cautious on the auto sector.
Axis Bank CFO Jairam Sridharan resigns
The private sector bank said Sridharan would like to pursue other career opportunities.
Group-IB report highlights cyberspace weaponisation in 2019. India is at it too
A newly released report from Singapore-based cybersecurity and threat-intelligence firm Group-IB underlines what has been brewing in cybersecurity over the last few years — the dominance of the nation state as the primary threat actor. “The leading and most frightening trend of 2019 was the use of cyber-weapons in military operations,” the report says.
Sensex plunges 334 pts as fiscal deficit concerns spook investors
For the week, 30-pack Sensex declined 0.85 per cent while 50-pack Nifty shed 1.19 per cent.
RBI to retain dovish bias going forward
Das said the pause was temporary and the central bank wanted to assess the effect of its policy after reduction of 135 basis points in five policies this year.
Facebook groups fuel illegal gun sales: Chicago police
Chicago police say private Facebook groups have "emboldened" sellers of illegal drugs and guns to connect with potential buyers on the socia...
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