Free Press Journal
  • Share buyback norms revised

    NEW DELHI: Sebi has revised the regulations for share buyback to provide more clarity on the requirement to make public announcements.

  • Settlement rules to be more attractive

    NEW DELHI: The Sebi is planning to make its settlement rules more attractive to help fast-track cases including by offering confidentiality and lenient terms for approvers but would not settle cases of wilful defaulters and fugitive economic offenders. The settlement payment would need to be paid by top executives or directors responsible for default in case of companies seeking to settle a matter, as penalising the company may amount to making its

  • Govt may take steps to curb gold imports

    New Delhi : The government is likely to take certain policy measures to curb high gold imports instead of raising customs duty on the precious metal, sources said.

  • Markets, rupee falling due to global factors: Finance Minister Arun Jaitley

    New Delhi: As the rupee weakened against the US dollar and markets closed deep in the red on Monday despite a series of measures announced by the government over the weekend, Finance Minister Arun Jaitley said it was due to global phenomena occurring owing to squeeze on oil production and the US-China trade war.

  • Adani Capital to raise Rs 1,000 crore in growth capital in FY19

    Mumbai: Adani Capital, the financial services arm of diversified Adani group, is planning to raise around Rs 1,000 crore in debt, mostly in bank loans, this financial year to fund growth. The company began operations as an NBFC in April 2017 with a focus on MSME and corporate finance. The MSME finance mainly includes business loans, farm sector finance, commercial vehicle loans and supply chain finance, while in corporate finance, it mainly operates

  • Bank of Baroda, Dena Bank, Vijaya Bank to merge to create the country’s third largest lender

    New Delhi: The government Monday said state-owned Bank of Baroda, Vijaya Bank and Dena Bank will be merged to create the country’s third largest lender as part of efforts to revive credit and economic growth. The move follows top lender State Bank of India last year merging with itself five of its subsidiary banks and taking over Bharatiya Mahila Bank, a niche state-run lender for women. Announcing the plan, Finance Minister Arun Jaitley said the merger will make

  • Mother Dairy won’t cut prices despite Patanjali’s cheaper cow milk

    New Delhi: Unfazed by the introduction of cheaper packaged cow milk by new entrant Patanjali group, market leader Mother Dairy Monday said the company will not reduce prices to match competition. Mother Dairy, which sells around 7 lakh litres of cow milk per day largely in Delhi-NCR market, also expressed confidence that its sales volume will not be affected with more players entering in this segment.

  • Sensex crashes 505 points on rupee woes, global worries

    Mumbai: After rallying for two sessions, the BSE benchmark Sensex Monday tumbled over 505 points to slip below the 38,000-level as worries about global trade war and prevailing rupee crisis dampened investors mood despite the government announcing steps to stem a steep fall in the Indian currency. The broader Nifty too nosedived over 137 points to end below the 11,400-mark. Subdued Asian and European markets due to escalating trade war between the US and China

  • Independent director of Jaypee Infratech ‘Sham Lal Mohan’ resigns

    New Delhi: Jaypee Infratech, which is facing insolvency proceedings, Monday said that the company’s independent director Sham Lal Mohan has resigned citing personal reasons. Last week, three independent directors Lalit Bhasin, Keshav Prasad Rau and Basant Kumar Goswami had resigned from the board.

  • Sensex tanks 400 points on weak global cues; Nifty down 100 points

    Mumbai: Weak global markets amid the US-China trade concerns plunged the key Indian equity indices on Monday afternoon, with the S&P BSE Sensex losing around 400 points so far. The wider NSE Nifty50 also lost over 100 points during the intra-day trade. Among the sectors, heavy selling pressure was witnessed in banking, consumer durables and auto stocks. Globally, market sentiments were subdued on reports that the US might announce fresh tariffs on Chinese

  • CHEMLOG 2018 creates a new wave

    Mumbai: Recently, CHEMLOG India 2018, the fourth International Conference & Exhibition on Logistics & Supply Chain of Chemicals & Petrochemicals, concluded in Mumbai. In the last few years, CHEMLOG has already established itself as the topmost event of the country in this niche field. Obviously, the trend further excelled this year.

  • Time magazine sold to Salesforce co-founder Marc Benioff for USD 190 million

    Washington DC : Meredith Corp. is selling Time magazine for 190 million USD in cash to Marc Benioff, co-founder of Salesforce and his wife. The Benioffs are purchasing Time personally, and the transaction is unrelated to Salesforce.com, where Benioff is chairman, co-CEO and co-founder, reported ABC News.