Business

Atlanta-based Invesco already has been an investor since 2002 with a 7.74 percent holding. Now its share will increase by another 11 percent by paying Rs 4,224 crore.

Debashis Chatterjee had quit Cognizant in May after serving the company for 23 years. In a post on LinkedIn last Thursday, he had announced that he will stay at Cognizant till 31 July.

At 9:33 am, shares of Strides Pharma Science were trading at Rs 382.55, up 8.4%, on BSE after hitting an intra-day high of Rs 387.80. The stock has fallen 10% in the last one year.

Auto stocks were at the receiving end with investor sentiment taking a hit after the government proposed a hike in registration fees for old and new vehicles and changes in scrappage policy to give a boost to electric vehicles.

At the Interbank Foreign Exchange, the rupee opened weak at 68.92 then fell to 68.95 against the US dollar, showing a decline of 6 paise over its previous closing.

Maruti Suzuki’s revenue declined 12.2% year-on-year to Rs 19,719.8 crore in the June quarter on the back of 18% fall in sales volumes.

In October 2016, Trai had recommended imposing a total penalty of Rs 3,050 crore on Airtel, Vodafone and Idea (now merged) for allegedly denying inter-connectivity to Reliance Jio.

These 17 aircraft have been grounded for time periods ranging from four months to one year due to lack of funds for their repair and maintenance.

On the issue of job creation, Rajiv Kumar emphasised that a very large number of jobs have been generated in the country in the last five years.

Speaking after inaugurating zonal office of Indian Bank in Nagpur, the Highways and Road Transport Minister said that people should also pay their dues to banks on time.

The company said its net profit for the three months ended June 30 rose to 12 billion rupees ($174.14 million)from 277.9 million rupees a year ago. Revenue rose 45%.

The Registrar of Companies (RoC), National Capital Territory of Delhi & Haryana has sought "certain information/explanations" in relation to Gangwal's complaint.

DHFL stock had plummeted nearly 30 per cent on Monday after the company posted biggest ever quarterly loss of Rs 2,224 crore for the fourth quarter ended March 31.

Global brokerage houses were mixed on the DMart stock after its Q1 earnings. Credit Suisse upgraded its rating on Avenue Supermarts to ‘neutral’ from ‘underperform’, while raised its stock price target to Rs 1,330 from Rs 1,175.

The PSU has been asked to take steps to improve performance and increase revenue while controlling expenses, Communications Minister Ravi Shankar Prasad said

Several images of the report pointed at deficiencies spanning SBI’s operations -- from management quality to overall functioning of the bank -- as documented by RBI.