Business

EU antitrust regulators are concerned that the deal between Thyssenkrupp and Tata Steel Ltd would lead to less choice and higher prices for steel and were likely to block it unless the companies offered greater concessions.

Zee Entertainment had announced in November last year that its promoters, led-by Subhash Chandra, planned to sell up to 50% of their stake in the company to a strategic partner.

The 30-share index was trading 205.12 points, or 0.54 per cent, lower at 38,071.51.

Parties that had initially expressed interest in Jet Airways, which is saddled with roughly Rs 120 crore debt, have so far failed to make firm bids to bail it out.

Currently, the national passenger carrier has 19 aircraft grounded due to various reasons most prominent amongst them being expensive spare parts and engine overhauls.

Godrej Consumer’s net profit climbed 51.5% to Rs935 crore during the March quarter, though helped by a deferred tax gain of Rs533 crore. Net profit without exceptions and one-off items increased by just 1% to Rs297 crore.

The government, however, did not give any reason for reducing the time period for sale of electoral bonds.

Maharashtra Day celebrates the state formation day and May Day, also known as Labour Day, is dedicated to the labourers and is a public holiday in several states.

Mutual funds are investment vehicles created by collecting money from several investors, and then using these funds to invest in securities such as stocks, debts and bonds.

Australian brokerage Macquarie on Monday admitted to overlooking the risks from the structured finance business of Yes Bank and downgraded the stock by a full two notches.

Thousands of passengers had a harrowing time Saturday morning at airports across the world as Air India's passenger service system (PSS) software, which looks after check-in, baggage and reservation, did not function for six hours.

Air Canada's 24 MAX jetliners were grounded in March following the second crash. It was expecting to receive 12 more of the planes in July, but Boeing has advised that deliveries of the aircraft have been suspended.

Public Provident Fund is one of the popular investment schemes which offer risk-free guaranteed returns that are fully exempted from tax.

PPF deposits fall under the EEE (exempt, exempt, exempt) tax category. Deposits made under this scheme can be claimed as deductions under section 80C. The interest earned on the deposit is not taxable, and the amount withdrawn from the account is exempt f...

At 11.40am, the BSE Sensex was up 88.95 points, or 0.23%, to 38,653.83, while the Nifty was trading at 11,604.15, up 28.20 points, or 0.24%.

Zaidi, the former Chief Election Commissioner and ex- civil aviation secretary, joined the Jet Airways board in August last year.