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US removes India from its currency watchlist

US removes India from its currency watchlist

The Trump administration on Tuesday removed India from its currency monitoring list of major trading partners, citing certain developments and steps being taken by New Delhi which address some of its major concerns.

Switzerland is the other nation that has been removed by the US from its currency monitoring list which among others include China, Japan, South Korea, Germany, Italy, Ireland, Singapore, Malaysia and Vietnam.

Sebi proposes framework for 'regulatory sandbox' for financial institutions

Sebi proposes framework for 'regulatory sandbox' for financial institutions

The Securities and Exchange Board of India (Sebi) on Tuesday proposed a framework for ‘regulatory sandbox’. The term is used to define live testing of new products and services on a small set of customers for a limited period of time.

Typically, the regulatory provisions are relaxed during the testing period.

2019 Australia election: Scott Morrison sworn in as prime minister

2019 Australia election: Scott Morrison sworn in as prime minister

Scott Morrison has been sworn in as Australia's prime minister, 11 days after retaining the position in the country's general election.

Along with Deputy Prime Minister Michael McCormack, Morrison was sworn in by Queen Elizabeth's official representative in Australia, Governor-General Sir Peter Cosgrove, at a ceremony in the capital, Canberra.

DLF transfers Rs 330 crore land to JV with GIC for settlement of dues

DLF transfers Rs 330 crore land to JV with GIC for settlement of dues

Realty major DLF has transferred a three acre land worth Rs 330 crore in Gurugram to its joint venture with Singapore sovereign wealth fund GIC and is in process to hand over a Noida shopping mall to settle dues.

DLF owed Rs 8,700 crore to DLF Cyber City Developers Ltd (DCCDL) as on December 31, 2018.

PNB posts net loss of Rs 4750 cr in Q4 on higher provisioning for bad loans

PNB posts net loss of Rs 4750 cr in Q4 on higher provisioning for bad loans

Delhi-based Punjab National Bank has posted a net loss of Rs 4750 crore in the fourth quarter of 2018-19 on account of higher provisioning for bad loans, as per the official results announced on Tuesday.

The net loss for PNB in the same period of last financial year stoof at Rs 13,417 crore which was mainly due to reporting of fraudulent loans worth over Rs 14,000 crore to group of companies belonging to Nirav Modi and Mehul Choksi.

Trump says US not ready for China trade deal

Trump says US not ready for China trade deal

President Donald Trump says the US isn’t ready to make a trade deal with China, but he’s leaving open the possibility that the two nations could strike an agreement someday.

Speaking in Tokyo Monday, Trump said of China, “they would like to make a deal. We’re not ready to make a deal.”

BHEL’s Q4 Net Profit up by 50.7%

BHEL’s Q4 Net Profit up by 50.7%

As a result of strategic initiatives taken, Bharat Heavy Electricals Limited (BHEL) has registered quantum growth in its profitability and entered several new business areas in fiscal 2018-19, ending the year with significant traction in growth drivers. The continued commitment and efforts to deliver on its purpose — to help in building a New BHEL, and a New India, have resulted in the company continuing on the path of improved performance.

DLF transfers ₹330 crore land to JV with GIC for settlement of dues

DLF transfers ₹330 crore land to JV with GIC for settlement of dues

New Delhi: Realty major DLF has transferred a three acre land worth ₹330 crore in Gurugram to its joint venture with Singapore sovereign wealth fund GIC and is in process to hand over a Noida shopping mall to settle dues.

DLF owed ₹8,700 crore to DLF Cyber City Developers Ltd (DCCDL) as on 31 December, 2018.

Telecom department asks TRAI for recommendations on fixed line portability

Telecom department asks TRAI for recommendations on fixed line portability

New Delhi: In four-five years from now, you would be able to take your landline number wherever you go, from any ‘x’ place to ‘y’ in the country, even as you change your service provider. This is because the Department of Telecommunications has sent a reference to the regulator to frame recommendations on fixed line number portability, a senior official familiar with the development told Mint.

Hyundai fuel cell ride

Hyundai fuel cell ride

Hyundai Motor India Ltd (HMIL) will bring its fuel cell SUV, the Nexo, to India soon after it launches its fully electric SUV Kona in July this year.

However, the company was not keen to launch hybrid powertrains as the current GST structure did not offer any relaxation on such models, Puneet Anand, senior general manager and group head (marketing) of HMIL, had said on the sidelines of the launch of the Venue in New Delhi.

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