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Home  Business

Business

Credit Suisse foresees $4.7 billion charge over hedge fund default

Credit Suisse foresees $4.7 billion charge over hedge fund default

  • Foreign Portfolio Investment inflow of Rs 2.74 lakh cr in equity markets

    This reflects steadfast confidence of foreign investors in the fundamentals of the Indian economy, the Finance Ministry said in a statement
  • Hyderabad-based Ozonetel joins hands with IstTek

    Ozonetel’s introduction to the EMEA market brings an unparalleled feature rich contact centre solution built on a fully customisable open API architecture, enabling true omni-channel cloud capabilities
  • Varde funds Phoenix $155 mn for two office developments in Hyderabad

    To date, over 1.5 million square feet has been pre-let to two multi-national companies, reflecting the quality and location of the assets.
  • T-Hub’s Lab32 programme launches fifth edition, selects 30 startups

    The programme will run until June 2021 and it will continue with its hybrid model, launched last year owing to the pandemic.
  • Glenmark Pharma to use IFC’s $40 mn loan for debt refinance and capex

    Glenmark is having a good presence in generics, over the counter and specialty drugs.
  • No change in petrol, diesel prices for full week

    Accordingly, pump price of petrol and diesel remained at previous days level of Rs 90.56 and Rs 80.87 a litre respectively in the capital.
  • Rupee surges 10 paise to 73.20 against US dollar in early trade

    On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 270.03 points higher at 49,429.35.
  • Sensex jumps over 300 points in early trade; Nifty reclaims 14,700 level

    PowerGrid was the top gainer in the Sensex pack, rising over 2 per cent, followed by M&M, NTPC, IndusInd Bank, Bajaj Finance.
  • Hyderabad to add data centre capacity

    IT power load to go up from 30MW to 96MW by 2023, accounting for 10 per cent capacity in India
  • Reserve Bank of India to go for status quo: Analysts

    Likely impact on growth due to local lockdowns on rising Covid cases will be a key agenda
  • Economic recovery resilient despite surging Covid cases: FinMin report

    The report noted that India's PMI Manufacturing Index of 55.4 in March indicated some loss of momentum compared to February.
  • FDI policy on e-Commerce should protect the interests of small merchants

    E-commerce marketplace platform should not have any direct or indirect control over the inventories, industry chamber PHDCCI said.
  • Parag Milk Foods to raise Rs 316 cr

    Promoter and family will further invest Rs 111 crore, maintaining the promoter stake at 46 per cent, Parag Milk Foods said in a regulatory filing.
  • Hyundai crosses 10 lakh sales mark for SUVs in India

    These SUVs have been sold both in India and export markets, Hyundai Motor India Ltd (HMIL) said in a statement.
  • Zydus Cadila seeks DCGI nod for use of hepatitis drug for Covid treatment

    Phase-III clinical trials with Pegylated Interferon Alpha 2b, which the company sells under the brand name 'PegiHep' have shown promising results in treating COVID-19, Zydus Cadila said
  • Gold marginally lower by Rs 15; Silver declines Rs 216

    In the international market, gold was quoting lower at USD 1,727 per ounce and silver was flat at USD 24.78 per ounce.
  • RBI’s MPC starts deliberating on next monetary policy

    The Reserve Bank will announce the resolution of the Monetary Policy Committee (MPC) on April 7.
  • Byju’s acquires Aakash Educational Services

    Byju's, which is the most valued ed-tech startup in the country, is backed by marquee investors like Mary Meeker, Yuri Milner, Chan-Zuckerberg Initiative, Tencent.
  • NTPC adds 660 MW Unit-2 of Tanda power project to its installed capacity

    In October 2019, Unit 1 of 660 MW of stage-II of Tanda Super Thermal Power Station (2x660 MW) was added to the company's installed capacity.
  • Volvo Car India to bear COVID-19 vaccination cost of its employees

    The company would reimburse these costs as and when they receive the two mandated doses, it added.
  • Sensex plummets over 1,400 points in morning trade; financial stocks tank

    Markets opened gap down following strict guidelines issued in Maharashtra amidst rising coronavirus cases with financial and rate-sensitive stocks taking indices down.
  • Rupee slumps 31 paise to 73.43 against USD in early trade

    Asian currencies were range-bound, and volumes were lower than usual with China, Hong Kong, UK and Australian markets shut.
  • Sensex tanks over 400 points in early trade; Nifty drops below 14,800

    IndusInd Bank was the top laggard in the Sensex pack, shedding over 3 per cent, followed by Bajaj Finance, Axis Bank, SBI, Bajaj Auto.
  • Govt to slap recovery notice on Vedanta’s Cairn

    Move comes after Delhi HC held that the firm is liable to pay higher profit share
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