Business

Sebi came out with proposals finding that resignation of an auditor before completion of the year hampers investor confidence and leaves investors with lack of reliable information for making their financial decisions.

Lymbyc is a Bengaluru-based specialist artificial intelligence (AI) machine learning and advanced analytics company with customers in the US, the UK, Africa and India.

Tata Elxsi posted around 31% year-on-year decline in its net profit to Rs 48.79 crore for the quarter ended June. The company’s profit after tax (PAT) had stood at Rs 70.49 in the year-ago period and at Rs 71.29 crore in the previous quarter.

Forex traders said the local unit rose tracking gains in other Asian peers. Moreover, selling of the American currency by exporters also supported the domestic unit.

Indore born Sunish Kumar Bhargava will be the commander of this maiden international flight from his home city.

The Department of Investment and Public Asset Management has deemed golf courses and sports clubs owned by central public sector enterprises as 'non-core' assets and wants to monetise them.

The problems at the diversified IL&FS group, that has been going in for many years, came to light when it defaulted on debt repayments last year.

The panel said that since RBI is in the process of reviewing and rationalising foreign exchange regulations to provide flexibility in terms of choice of products, participation, positions, extension of market hours would complement these measures.

Auto stocks fell after the Society of Indian Automobile Manufacturers (SIAM) reported a decline in sales of all vehicle categories in June. Investors are also nervous after Trump launched a fresh attack on India for imposing tariffs on American products.

Manpasand Beverages stock has lost over 63% since 24 May after top executives of the Vadodara-based company were arrested for an alleged Rs 40-crore fraud involving fake invoicing related to GST.

SEBI has been probing the matter since reports surfaced about differences between the two key promoters, sources said. Reportedly, there are differences between Gangwal and Rahul Bhatia over certain related-party transactions.

The bank confirmed on Sunday that it was closing huge parts of its trading businesses, with staff in its equities division in Sydney and Hong Kong among the first to be told their roles would go.

Mindtree added that the three will stay as board members and employees till 17 July in line with their employment contracts to ensure a smooth transition.

While some publishers felt it was too early to gauge the impact of the decision on the industry, others felt a vibrant marketplace that includes books from across the world would be good for readers

Describing the Budget proposals unveiled by India's first full-time woman finance minister Nirmala Sitharaman as 'unconventional', Kumar said it has covered a very wide canvas in a bid to lay down the roadmap for the next 10 years.

Finance minister Nirmala Sitharaman on Friday allocated Rs 64,559 crore to the ministry of health and family welfare, which contributes to 2.32 per cent of the total budget and 0.34 per cent of the country’s GDP.