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Money | The News Minute
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Money

Business and Finance

After banks, government may recapitalise PSU insurers prior to restructuring

Sources in the Finance Ministry said that management consultancy firm Ernst & Young (EY) has been shortlisted to advise on restructuring of three general insurers.

Delhi HC tells Jet Airways founder to deposit Rs 18000 cr guarantee to travel abroad

Delhi HC was hearing Jet Airways founder Naresh Goyal's plea challenging the look out circular (LOC) issued against him.

Hyundai Motor India launches ‘Kona Electric’, its first fully electric SUV

Kona has an estimated range of 452 kms per charge and comes with a Portable charger that can top up daily running of 50 kms in less than three hours.

RBI audit panel, board to decide on Centre’s demand of Rs 90,000 cr dividend: Governor

Shaktikanta Das added that there is a broad understanding on how much the amount is, while declining to comment further.

From New York to Bengaluru, Deutsche Bank is laying off 18,000 employees globally

This comes as the company undergoes a $8.3 billion ‘reinvention’ plan of scrapping its global equities unit and cutting some fixed-income operations.

Employee unions oppose Air India privatisation fearing job losses

A forum of 13 unions have decided to oppose the privatisation move.

Tata settles Rs 50,000 crore of dues to complete sale of mobile biz to Bharti Airtel

Of the total amount, Tata Sons, the group holding company, paid the Department of Telecommunications (DoT) Rs 10,000 crore late last month.

Swiping your card away to bad credit history: How to avoid the debt trap

While credit cards are like a quick short-term loan, especially for emergencies, they are also an easy way to fall into a debt trap.

Markets see bloodbath post budget, Rs 5 lakh crore market cap wiped out in two days

Market capitalisation of all the BSE-listed companies plunged to Rs 148.43 lakh crore on Monday around 11.40 am from Rs 153.58 lakh crore at the start of Friday.

Amid declining sales, Maruti cuts production in June for fifth month in a row

Total passenger vehicle production stood at 1,09,641 units last month, down 16.34 per cent from 1,31,068 units in June 2018.