Business

AIIB expects to tap as much as USD 100 million green and renewable projects in India from next month, bank's Director General (Investment Operations) Pang Yee Ean said.

These legislations will be brought during the Winter Session of Parliament starting coming Monday, the minister told reporters in Delhi.

It will provide a generic framework for insolvency and liquidation proceedings of systemically important Financial Service Providers (FSPs) other than banks.

Shares of Bharti Airtel dropped nearly 5% in intra-day trade, while those of Vodafone Idea nosedived 23% after the DoT’s notice. Bharti Infratel, too, was trading down around nine

A sharp depreciation in the Indian rupee too added to investors' woes, traders said. The rupee dropped below the 72-level against the US dollar in intra-day trade.

The company on Tuesday reported a tepid rise of around 1% in consolidated profit after tax (PAT) at Rs 368.79 crore for the September quarter compared with Rs 365 crore in the year-ago period.

Forex traders attribute the weakness in the forex market to weak factory output numbers and weak global cues.

According to data by AMFI, open-ended equity schemes witnessed an infusion of Rs 6,026 crore, while there was a small outflow of Rs 11 crore from close-ended equity plans, translating into a net inflow of Rs 6,015 crore in October.

The stock got a boost from the government’s proposal to create a Rs 25,000 crore alternative investment fund for middle-income and affordable housing project that boosted sentiment for the shares of housing finance companies.

The world's biggest steelmaker on Monday retreated from its plan to buy the steel producer, blaming a decision by Rome to not grant it immunity from prosecution over the heavily polluting Taranto plant.

The study puts the trade diversion effects of the US-China tariff war for the first half of 2019 at about $21 billion, implying that the amount of net trade losses corresponds to about $14 billion.

The scrip tumbled 8.38 per cent to Rs 7.43 on the BSE. At the NSE, it tanked 9.87 per cent to Rs 7.30.

A decision in this regard was taken at the meeting of an inter-ministerial committee, headed by Consumer Affairs Secretary Avinash K Srivastava, which reviewed the prices and availability of onions in the country.

The TP Renewable Microgrid would be set up in collaboration with Rockefeller Foundation, which will provide technical support and will be an equity partner in the venture.

The 30-share Sensex settled 136.93 points, or 0.34 per cent, higher at 40,301.96. The index also hit its lifetime intra-day high of 40,483.21.

HDFC bank's standalone profit jumped 60.5% year-on-year to Rs 3,961.53 crore for the September quarter compared with Rs 2,467.08 crore profit in the same quarter last year.