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Updated: 1 hour 15 min ago

News digest: LIC-IDBI Bank deal, anti-graft Bills, Bombay House, and more

Thu, 07/19/2018 - 21:33
From LIC-IDBI Bank deal to Bombay House, BS brings you top stories to keep up with the latest news

Narendra Modi govt pushes anti-graft Bills ahead of trust vote

Thu, 07/19/2018 - 21:02
BJP leaders also reached out to friendly parties to shore up the National Democratic Alliance (NDA) numbers for Friday's no-confidence motion

RBI gives in-principle nod to LIC for acquiring majority stake in IDBI Bank

Thu, 07/19/2018 - 20:43
The Cabinet nod is required because the government's stake will be diluted below 51 per cent in IDBI Bank

Donald Trump says he is 'not thrilled' with Federal Reserve's rate hikes

Thu, 07/19/2018 - 20:40
Trump added that he was concerned that the Fed's rate hikes may put the United States at a "disadvantage"

Maharashtra dairy farmers withdraw stir as govt hikes rate to Rs 25/litre

Thu, 07/19/2018 - 20:38
Under attack from dairy farmers' bodies seeking a fair procurement price, the government announced that milk suppliers would get Rs 25 per litre rate from July 21

Diesel price rise, toll fees: Nationwide truckers strike begins today

Thu, 07/19/2018 - 20:29
Truckers key demands include reduction in Central and state taxes by getting diesel under the GST

NCLT approves JSW Steel-AION resolution plan for debt-laden Monnet Ispat

Thu, 07/19/2018 - 20:08
Monnet Ispat and Energy has an outstanding debt of around Rs 114 billion

Trai notifies new rules to check pesky calls and spam messages

Thu, 07/19/2018 - 20:03
Trai has asked telecom operators to put in place the blockchain-based solution in the next five months

China's Fosun International to consider $500 million IPO of Gland Pharma

Thu, 07/19/2018 - 19:59
Hyderabad-based Gland, founded in 1978, specializes in injectable drugs such as antibiotics, oncology and cardiology treatments

Small-cap index hits 14-month low as investors continue to liquidate

Thu, 07/19/2018 - 19:14
On a year to date basis, the Nifty Small-cap 100 index is down 24 per cent, Nifty Mid-cap index is down 15.4 per cent even as the Sensex has gained 6.74 per cent and Nifty is up four per cent.

Exporters from knitwear hub of Tirupur set to increase prices by 10%

Thu, 07/19/2018 - 19:05
Since competition is intensifying from Cambodia, Vietnam and other countries, they have decided to raise the prices by just 10 per cent

Liquidity crisis for gems, jewellery sector as Nirav Modi case scares banks

Thu, 07/19/2018 - 18:57
Lenders are seeking 200% collateral and unusual compliance to avoid loan disbursement

Bajaj Finserv Q1 net profit up 41% to Rs 8.26 billion, revenue jumps

Thu, 07/19/2018 - 18:21
For the life insurance arm, new business premium in the quarter grew to Rs 7.2 billion, as against Rs 6.8 billion earlier

Bajaj Finance's stellar show on strong demand; net profit rises 81% in Q1

Thu, 07/19/2018 - 18:13
The faster growth was despite some headwinds in the form of volatile weather which impacted demand

RBI to soon introduce lavender-coloured Rs 100 note: Salient features

Thu, 07/19/2018 - 17:56
The new note in the Mahatma Gandhi (New) Series has a base colour of Lavender, unlike the current Rs 100 denomination note which has a green base

Housing prices rise slower at 6.7% from 10.4% in top 10 cities in FY18: RBI

Thu, 07/19/2018 - 17:09
Kochi recorded the highest sequential rise in the HPI at 11.2%, while Kolkata recorded a minimal rise of 0.5% in the HPI, for the fourth-quarter ended March 2018

Real estate developers seek GST reduction, boost in investment from govt

Thu, 07/19/2018 - 17:04
Govt discusses ways to boost real estate sector with stakeholders

Rupee slips 43 paise against dollar; ends at a lifetime low of 69.05

Thu, 07/19/2018 - 16:43
The rupee had touched an all-time low intra-day low of 69.10 on June 28 but had recovered later on suspected RBI intervention

Rajya Sabha passes anti-corruption bill to punish bribe givers, onus on LS

Thu, 07/19/2018 - 16:32
The bill has included commercial organisation into its ambit

CAD set to widen; seen rising to 2.5% of GDP in June quarter: Icra

Thu, 07/19/2018 - 16:21
In the June quarter of FY18, CAD was $ 15 billion, and for the full year of FY18 it stood at 1.9 per cent of the GDP, Icra said in its report