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Rafale verdict: Supreme Court dismisses all review petitions in fighter jet deal case

A bench comprising Chief Justice Ranjan Gogoi and Justices S K Kaul and K M Joseph pronounced verdicts on three review petitions Rafale aircraft—the first of 36 ordered by India- was handed over to Defence Minister Rajnath Singh on 8 October New Delhi: The Supreme Court on Thursday dismissed petitions seeking a review of its judgement …

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Munjal, Kothari in talks to buy 10% each in Yes Bank

Cash-starved lender could get up to ₹3,500 cr if investments go through Yes Bank is in desperate need of money to stay compliant with RBI’s capital adequacy norms Mumbai/New Delhi: Sunil Munjal, chairman of Hero Corporate Services Ltd, and Hemendra Kothari, veteran investment banker and founder of DSP Group, have held separate talks with Yes Bank Ltd to purchase …

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Larsen & Toubro’s construction arm wins up to Rs 2,500cr contracts

“The construction arm of L&T has secured orders from prestigious clients across various Indian states for its varied businesses,” L&T said in a statement. Larsen & Toubro (L&T) on Monday said its construction arm has won significant contracts across various segments. As per the company’s classification, significant contracts are those in the range of Rs 1,000 …

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PM Modi, FM may take more steps to cheer market, huge tax cuts likely

Existing structure of Long Term Capital Gains (LTCG) tax, the Securities Transaction Tax (STT) and Dividend Distribution Tax (DTT) are being reviewed by the Prime Minister’s Office in consultation with the Finance Ministry’s Revenue Department and NITI Aayog, a source said Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman are planning a series of …

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Infosys plunges 16% after whistleblower complaint of unethical practices

The stock has seen the biggest single day fall in the last six years and lost more than Rs 42,000 crore in market cap. Shares of Infosys tanked 16 percent on October 22 after a whistleblower complaint alleged “unethical practices” by its top executives to boost the Indian software giant’s profits and revenue. The fall in the …

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Zee Ent climbs 2% ahead of Q2 results; brokerages expect double-digit growth in profit

Shares of Zee Entertainment Enterprises (ZEEL) climbed over 2 percent on BSE on October 17 ahead of the company’s September quarter earnings. Most brokerages expect the company to report double-digit growth in the second-quarter profit, driven by lower tax expenses, despite margin pressure and slow revenue growth. Kotak Institutional Equities, Sharekhan and Motilal Oswal expect second-quarter profit …

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EXCLUSIVE: Deposit insurance cover likely to see a gradual hike to Rs 3 lakh

If deposit insurance is hiked, the direct beneficiary is the customer The deposit insurance cover offered by the Deposit Insurance and Credit Guarantee Corporation (DICGC) may be gradually hiked to Rs 3 lakh from Rs 1 lakh. Sources have told Moneycontrol that the proposal is currently under discussion at the finance ministry. “The hike will …

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