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Reuters

Jet Airways' creditors to recover only $300-400 mn in liquidation scenario

Infrastructure

04 September, 2019

Jet Airways' creditors to recover only $300-400 mn in liquidation scenario

Creditors of India’s bankrupt Jet Airways (JET.NS) are likely to recover less than 10% of the carrier’s total outstanding dues ......

India likely to miss fiscal deficit target amid pressure for more stimulus

Economy

04 September, 2019

India likely to miss fiscal deficit target amid pressure for more stimulus

India is likely to miss its fiscal deficit target for the current financial year, despite receiving an additional dividend from ......

Sensex recovers on boost from banks, steelmakers

Markets

04 September, 2019

Sensex recovers on boost from banks, steelmakers

Indian shares ended higher on Wednesday, as gains in banking and steelmaker shares helped markets recover from earlier losses, with ......

Amazon India plans to scrap single-use plastic, joins rival Flipkart

TMT

04 September, 2019

Amazon India plans to scrap single-use plastic, joins rival Flipkart

Amazon.com Inc’s India unit plans to replace single-use plastic in its packaging by June 2020, the company said on Wednesday, ......

India services growth slows in August on weaker demand

Economy

04 September, 2019

India services growth slows in August on weaker demand

Activity in India’s dominant services industry expanded at a slower pace in August as demand softened, according to a business ......

RBI panel favours allowing foreign portfolio investors to directly buy bad loans

Finance

04 September, 2019

RBI panel favours allowing foreign portfolio investors to directly buy bad loans

A task force set up by India’s central bank on Tuesday recommended a slew of measures for developing a secondary ......

Nifty, Sensex slump 2% after dismal growth data

Markets

03 September, 2019

Nifty, Sensex slump 2% after dismal growth data

Indian shares plunged 2% on Tuesday in a broad-based selloff, as investors fretted over data that showed the economy grew ......

Tata Steel to shut some operations in UK, 400 jobs at stake

Manufacturing

03 September, 2019

Tata Steel to shut some operations in UK, 400 jobs at stake

The Tata Steel Ltd said on Monday it would shut parts of its non-core businesses in the United Kingdom, a ......

Automakers demand tax cuts as sales plummet for 10th month

Manufacturing

03 September, 2019

Automakers demand tax cuts as sales plummet for 10th month

India’s passenger vehicles sales are set to fall for a tenth consecutive month in August, forcing analysts to slash their ......

India manufacturing growth slows to 15-month low in August

Manufacturing

03 September, 2019

India manufacturing growth slows to 15-month low in August

Expansion in India’s manufacturing sector hit its slowest in 15 months in August as demand and output grew at their ......