Ujjivan Small Finance Bank to retire Rs 2000 crore high cost debt to boost profit

The bank has about Rs 2000 crore of legacy borrowing which it acquired during its transition from microfinance firm Ujjivan Financial Services. Read more »

SEZ space accounts for 22% of the total office stock in India: CBRE Report

On the supply pipeline, more than 20% of the upcoming office supply lined up for completion over the next two years is expected to consist of SEZ developments. Read more »

Record operating profit will help ONGC cut borrowings: Moody’s

"The increase in EBITDA was largely driven by higher crude oil prices, as well as the depreciation of the Indian rupee," Moody's Investors Service said in a report. Read more »

Moderate risk of global trade war on domestic steel companies: Ind-Ra

The agency said on Monday it does not expect margins of domestic players to be under threat in the near term as less than 10%... Read more »

Auto components industry seeks uniform 18% GST on all products

Automotive Component Manufacturers Association of India (ACMA) further sought creation of a fund to support indigenous research and development (R&D) and technology creation in the... Read more »

Railways asks employees to avail benefits under government’s insurance schemes

New Delhi, Aug 6 () Railways has requested its employees and contractual staffers to avail benefits under the government's flagship insurance schemes, saying they were of national importance. Read more »

Mughalsarai Station renamed as Deen Dayal Upadhyay Junction

Decked-up in saffron colour now, the station is one of the oldest and biggest railway junctions in the state. The renaming of the iconic railway station was proposed by Yogi Adityanath in... Read more »

Blackstone to list its office assets in REIT with embassy

The Blackstone-Embassy alliance is expected to raise around $1 billion (.`6,850 crore) through this issue, which will be India’s maiden REIT. Read more »

Walmart to hire 1,000 more people for its technology operations in India

The company is planning to expand its headcount and driving more product ownership out of India. Read more »

MNRE seeks exemption from safeguard duty for current solar power projects

Solar power developers had voiced their concerns about raising additional capital in a recent meeting with MNRE officials, saying they did not factor in safeguard duty while bidding for projects, officials said. Read more »