Business

In an email to employees, the company's founder and Group CEO Ritesh Agarwal said that one of the implications of the new strategic objectives for 2020, is that OYO will reorganise more teams across businesses and functions.

The D-Mart operator on Saturday reported standalone profit of Rs 394.3 crore in the December quarter, up 53.3% from Rs 257.1 crore in same quarter in the previous year.

The firings mostly affected executives in the company's real estate division because the growth in the wholesale model has not been that robust, two of the sources said.

Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding.

The scrip climbed 3.29 per cent to Rs 474.05 on the BSE. On the NSE, it jumped 3.50 per cent to Rs 474.95.

The Namrup II unit has completed 44 years of production, while Namrup III 33 years - it is the only operational unit now. The lifespan of such factories is reportedly not more than 15 years.

Overall shipment of oil meals during April-December period of the current fiscal declined by 25 per cent to 18.02 lakh tonne as against 24.11 lakh tonne a year ago.

Gold had earlier breached Rs 40,000 mark per 10 gm on Friday. Monday's rally takes the total jump in gold prices in the last two trading sessions to over Rs 1,800 per 10 gm.

The NCLAT had restored Mistry as executive chairman of Tata Sons and ruled that appointment of N Chandrasekaran as the head of the holding company of salt-to-software conglomerate was illegal.

For the period January to November 2019, tea exports stood at 227.71 million kg as compared to 231.36 million kg during the same period in 2018.

Forex traders said crude oil prices surged after US President Donald Trump ordered the killing of Iran Revolutionary Guards commander Qasem Soleimani.

The share of builder loans has risen for non-banking lenders and private banks since 2016, as per the FSR based on the analysis of 310 companies, even as the proportion of public sector banks' (PSBs) exposure to this segment nearly halved.

A joint venture, majority-owned by Tatas, the airline's other shareholder is Malaysia's AirAsia group. The carrier flew 8.78 lakh passengers garnering 6.8 % domestic market share in November.

Reliance Retail's shareholders will get one share of its listed parent, Reliance Industries, in exchange for every four shares, according to the scheme of arrangement posted on Reliance Retail's website.

The Reserve Bank of India in an order assigned UTLBC (Union Territory Lead Bank Convenor) Convenorship of the Union Territory of Jammu and Kashmir to Jammu & Kashmir Bank Ltd and the Union Territory of Ladakh to State Bank of India.

Ramesh Chand also said he was strictly against frequent changes in GST rates as it leads to problems.