Chris Thomas

Indian shares dented by crude surge, financials drag

22 Apr 2019

April 22 The Indian stock market fell the most in nearly two weeks on Monday as oil prices ratcheted higher and pushed the rupee to a six-week low, while losses in financials also weighed.

Indian shares slip as Jet woes seep through to banks

18 Apr 2019

April 18 The Indian stock market slipped from record highs to trade slightly lower on Thursday, dragged by banking shares, as sentiments soured a day after debt-ridden Jet Airways Ltd was forced to halt all operations after running out of funds.

Indian shares hit record highs; ICICI Bank, Reliance Industries lead

16 Apr 2019

April 16 Indian shares extended gains to record highs on Tuesday, led by index heavyweights ICICI Bank Ltd and Reliance Industries Ltd, amid sustained buying from foreign investors.

Indian shares rise on TCS boost, Asia rally; Infosys drags

15 Apr 2019

April 15 Indian shares edged higher on Monday, in line with Asian peers, as Tata Consultancy Services Ltd boosted the indexes after reporting a record profit for the last quarter of the year, marking the onset of corporate results.

Karnataka open for talks with Uber rival Ola over ban

23 Mar 2019

BENGALURU Karnataka kept the door open on Saturday to talks with local ride-hailing service Ola to avoid a ban that could help rival Uber build market share.

Karnataka bans Uber rival Ola for six months

22 Mar 2019

BENGALURU Karnataka has banned taxi-hailing service Ola Cabs for six months for violating government rules by running motorcycle taxis.

Mindtree management rejects L&T's hostile takeover bid

19 Mar 2019

BENGALURU/MUMBAI India's Mindtree on Tuesday rejected conglomerate Larsen & Toubro's hostile takeover bid, saying L&T's plan to acquire a controlling stake will not create value for the IT services firm or its shareholders.

India's bankruptcy court clears ArcelorMittal's takeover of Essar Steel

08 Mar 2019

India's bankruptcy court on Friday approved global steel giant ArcelorMittal SA's bid for debt-ridden Essar Steel, potentially ending months of court battles and opening the country's steel industry to outsiders.

RBI takes three more banks off corrective action list

26 Feb 2019

MUMBAI/BENGALURU The Reserve Bank of India (RBI) lifted regulatory constraints on three banks on Tuesday after they received a capital injection from the government.

Jet Airways' top creditor says no decision made on going to insolvency tribunal

25 Feb 2019

State Bank of India (SBI) said reports on Monday that it was considering taking heavily indebted Jet Airways Ltd to an insolvency tribunal to recover loans were "speculative", and no such decision had been taken.

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