Business

The group has appointed Goldman Sachs Securities India as the investment banker and the multinational LionTree as an international strategic advisor for the deal, which it expects to be concluded by March or April 2019.

Vehicle will also be fitted with a vehicle tracking system device. It will not pick up or set down goods between two points in the same state, if restricted by the particular state, the statement said.

Ashok Kumar Gupta a former IAS officer of the Tamil Nadu cadre, would receive a consolidated salary of Rs 4,50,000 per month, without house and car, according to an official communication.

In a notice, the ministry said certain amendments of "urgent nature would be required to further strengthen the corporate governance and enforcement framework".

Patanjali, which had recorded multi-fold growth in recent years, witnessed a marginal growth only last fiscal hit by the implementation of GST, finishing at around Rs 12,000 crore .

Unorganised jewellery players in India -- the world's second biggest buyer of the precious metal -- make up for roughly 70 per cent of the country's gold sales.

The rupee opened lower at 72.76 per dollar against previous close of 72.45 and dropped further to quote 34 paise down at 72.79 in opening trade.

On a sequential basis, however, its net loss narrowed from Rs 539.83 crore loss in the first quarter ended June of the current fiscal.

The lowest growth rate was in May 2018 when the core sectors expanded at 4.1 per cent.

Traders said sentiment remained positive on growing demand in the wake of upcoming festival of Diwali.

The bank had reported a net loss of Rs 119.55 crore in the first quarter of the ongoing fiscal.

Traders said the US dollar's strength against some currencies overseas and a lower opening in the domestic equity markets also weighed on the local unit.

Bharti Airtel posted a profit of 1.19 billion rupees for the quarter ended September 30, compared with a profit of 3.43 billion rupees a year ago.

Markets regulator Sebi on Wednesday had directed former promoters of Fortis Healthcare, Shivinder Mohan Singh, Malvinder Mohan Singh and eight other entities, to repay Rs 403 crore along with interest to the company.

The USD 103-billion Tata Sons is already in the airline industry through joint ventures with Singapore Airlines which operates Vistara, and budget airline AirAsia. If the deal with Jet is successful, Tata can amp up its aviation business in terms of netwo...

RedSeer Consulting in its report said e-tailers had a better "sales performance over the five festive days from October 9-14", generating about Rs 15,000 crore in sales.