Adani defers Australian coal project investment decision

The company had been planning to make a final investment decision on the 25 mt a year coal mine and rail project by the end of May. Queensland govt today rejected reports that it has offered a “royalties holiday” to the Indian energy giant’s project MELBOURNE, MAY 22:   Adani Enterprises…

The big dreams of small finance banks

If politicians stop spoiling the credit culture, clamouring for loan waivers, the small finance banks can change India’s banking landscape. Photo: Hemant Mishra/Mint All the 10 small finance banks that have got the in-principle licence from the Reserve Bank of India (RBI) are now armed with the regulator’s final nod;…

Ford just fired its CEO – and the stock price is going nowhere

Wall Street is now calling the shots at the number-two US automaker. Okay, if you go by market cap, Ford isn’t number two. It’s number three, depending on what Tesla is doing (at $50-billionish, there are days when Tesla is bigger than General Motors.). And that’s the problem. The resignation…

Asian Shares Post Biggest Gain In A Month

Hong Kong: Asian stocks posted their biggest daily rise in a month on Monday following modest gains in US shares, though the greenback came under renewed pressure as Washington’s political turmoil undermines confidence in US economic policy. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.9 per cent…

BSE To Add Kotak Mahindra, Tata Motors DVR To Benchmark Index

Mumbai: Bombay Stock Exchange said that it will be adding two stocks – Kotak Mahindra Bank Ltd and Tata Motors DVR Ltd – to its benchmark index from June 19. State-owned gas transmission company Gail Ltd will make way for the two stocks in the benchmark index, the exchange said…

GST Roll Out: Smartphones And Cement To Cost Less

New Delhi: The government today said the GST, scheduled to be rolled out from July 1, is set to benefit consumers as tax incidence on smart phones, medical devices and cement will come down. The Goods and Service Tax (GST) Council comprising state finance ministers and headed by Union Finance…