Business  /  Published 06.07.20

Cost pinch for investors from July

From July onwards, investors would have to pay stamp duty on the purchase and transfer of shares and mutual funds. The government had introduced the changes to the Stamp Duty Act last year by introduc...
By Pinak Ghosh in

Business  /  Published 02.07.20

Carlyle takes 25% in Airtel data arm Nxtra

The Carlyle group is acquiring an about 25 per cent stake in Bharti Airtel’s data centre business —Nxtra Data — for $235 million, or about Rs 1,780 crore, that sets the enterprise va...
By Our Special Correspondent in Mumbai

Business  /  Published 01.07.20

Jindal Steel & Power drives down debt

Naveen Jindal and family undertook an ingenious way to reduce the debt burden of Jindal Steel & Power Ltd. JSPL, where Naveen — younger brother of steel magnet Sajjan Jindal of JSW Group &m...
By Our Special Correspondent in Calcutta

Business  /  Published 30.06.20

Tata Steel in the red on asset writeoff

Tata Steel posted a surprising loss of Rs 1,236 crore in the fourth quarter of 2019-20 after adjusting impairment charges linked to the steel business in the United Kingdom and mineral assets in Canad...
By Our Special Correspondent in Calcutta

Business  /  Published 28.06.20

Carlyle eyes Piramal pie

US-based Carlyle Group has agreed to buy a 20 per cent stake in the pharmaceutical unit of Piramal Enterprises for about $490 million (Rs 3,700 crore), the companies said on Saturday. Piramal Pharma w...
By Our Special Correspondent in Mumbai

Business  /  Published 23.12.18

Rear view mirror may not always show the road ahead for investments

The Fantasy Premier League is a football managers’ competition in which more than 5 million managers from around the world compete on a weekly basis by trying to pick the best hypothetical team from...
By Ashish Shankar in

Business  /  Published 26.11.19

Sensex moves past 41K

The two bellwether indices of the stock markets — the Sensex and the Nifty 50 — soared to record highs on Tuesday, buoyed by reports that China and the United States were moving closer to a trade ...
By Our Special Correspondent in Mumbai

World  /  Published 15.01.19

Facebook to invest $300 million in local journalism

Facebook says it is investing $300 million over the next three years in local news programs, partnerships and other initiatives.The money will go toward reporting grants for local newsrooms, expanding...
By AP in New York

Business  /  Published 15.06.20

RIL primed for more Jio Platforms deals

 After hawking a little over 22 per cent of its digital services arm to foreign investors, Reliance Industries may be hungry for more given the rich valuations it has bagged.Analysts are not ruli...
By Our Special Correspondent in Mumbai

Business  /  Published 19.04.20

Focus on select stocks

Investors would look at corporate earnings, the trends in Covid-19 cases and a possible relief package from the Centre before putting their money on stocks. The markets fared modestly last week, goin...
By Our Special Correspondent in Mumbai


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