Gold Silver Reports (GSR) – Flipkart to Burn Through $2 Billion Cash in 18 Months, in Battle with Amazon — Flipkart Ltd is likely to burn through as much as $2 billion in cash over the next 18 months—an affirmation that sales growth, rather than cutting losses, remains the top priority for India’s largest online retailer after its takeover by Walmart Inc.
Money Market
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PNB Scam: Former CEO Of Bank Was Aware Of Fraud, Says CBI
Gold Silver Reports (GSR) – PNB Scam: Former CEO Of Bank Was Aware Of Fraud, Says CBI — Former Managing Director and Chief Executive Officer of Punjab National Bank Usha Ananthasubramanian and some other senior bank officials were aware of the “fraudulent” dealings with diamond merchant Nirav Modi but kept “misleading” the RBI, the CBI has alleged in its charge sheet.
Jet Airways Planning follow-on Deal for Boeing 737 Max
Gold Silver Reports (GSR) – Jet Airways Planning follow-on Deal for Boeing 737 Max — Jet Airways India Ltd. is closing in on a new order for Boeing Co.’s 737 Max single-aisle plane that could take its commitments for the model above 200 aircraft.
TVS Motor Share Price Falls For Second Day After Brokerages Maintain Underperform; Nifty Results Today
Gold Silver Reports (GSR) – TVS Motor Falls For Second Day After Brokerages Maintain Underperform – Shares of the Chennai-based two-wheeler maker fell as much as 4.49 percent to Rs 583.85 after brokerages maintained ‘underperform’ rating on the stock after it missed earnings estimates in March quarter.
Manali Petrochemical Share Price Surges After Profit Rises Four Times
Gold Silver Reports (GSR) – Manali Petrochemical Share Price Surges After Profit Rises Four Times — Manali Petrochemical Surges After Profit Rises Four Times – Shares of the Chennai-based variety of petrochemicals manufacturer rose as much as 20 percent, the most in nearly four years, to Rs 41.45 after its net profit rose nearly four times in March quarter
Breaking News: Bankruptcy Imperils Reliance Communication $3.7 Billion Deal
Gold Silver Reports (GSR) – Breaking News: Bankruptcy Imperils Reliance Communication $3.7 Billion Deal — Shares and bonds of Reliance Communications Ltd. tumbled after an Indian tribunal ordered that the wireless carrier be placed in insolvency proceedings, jeopardizing its proposed $3.7 billion asset sale to Reliance Jio Infocomm Ltd.
Syndicate Bank Share Price @Nine-Year Low After Reporting Loss In March Quarter – Block Deal Alert: Federal Bank
Gold Silver Reports (GSR) – Syndicate Bank @Nine-Year Low After Reporting Loss In March Quarter – Shares of the Manipal-based public lender fell as much as 7.3 percent to Rs 46.5, lowest since March 2009. Syndicate Bank reported a net loss of Rs 2,195.1 crore in the March-ended quarter due to high bad loans that required higher provisioning. The bank had reported a net profit of Rs 103.8 in the corresponding quarter last year. Provisions during the quarter stood at Rs 3,544.7 crore.