Deutsche Bank plans to pare U.S. equities business to skeleton operation - sources

Deutsche Bank plans to dramatically reduce the size of its U.S. equities business, leaving only a skeleton operation in place to service corporate and high-net-worth clients, three sources familiar with the matter told Reuters.
Reuters, 3 hour(s) ago
Also from: NDTV, Times of India and 3 other sources

Gold slips as rate cut expectations ease ahead of Fed meet

Gold prices slipped further on Monday after sliding from a more-than-14-month high the previous session on upbeat U.S. economic data that dampened expectations the Federal Reserve could ease interest rates.
Reuters, 3 hour(s) ago
Also from: Hindu Business Line, Reuters and 2 other sources

SBI-led consortium picks resolution professional for Jet Airways

The interim resolution professional is a key component of the corporate insolvency process who has to manage the affairs of the stressed company, facilitate the bidding process and balance the interests of all stakeholders.
Money Control, 5 hour(s) ago
Also from: NDTV, Hindu Business Line and 4 other sources

RBI May Cut Rates By Another 25 Basis Points In 2019: Fitch

The RBI cut the repo rate to 5.75 per cent on June 6, its third cut in 2019, while also changing its policy stance to accommodative
NDTV, 6 hour(s) ago
Also from: Money Control, Economic Times

Major Brands India to open 50 new Bath & Body Works outlets

Major Brands India Pvt Ltd, a franchisee for several international lifestyle product companies such as Bath & Body Works (BBW) and Aldo, plans to
Hindu Business Line, 6 hour(s) ago
Also from: Times of India, Rediff.com and 2 other sources

Non-disclosure of dam safety risks could prompt big investors to pull out

Investors with a combined $12.5 trillion in assets, including the Swedish National Pension Funds and the Church of England, could review their stakes in resource companies that use storage dams if they do not release information to assess safety risks.
Reuters, 6 hour(s) ago
Also from: Economic Times

India-US trade tension grips markets, Sensex tanks by 490 points

Mumbai: The Sensex lost nearly 500 points on Monday as investors feared a tit-for-tat trade battle between the US and India after the latter raised tariffs on 28 US items in retaliation to US tariffs. The US had raised tariffs on Indian aluminium and steel ...
Sify, 10 hour(s) ago
Also from: Hindustan Times

EESL to spend Rs 800 cr to install solar rooftops in Maharashtra

EESL is already retrofitting government buildings in Maharashtra with energy efficient appliances, investing Rs 325 crore to enable them to achieve 39 per cent savings in annual energy costs.
Money Control, 7 hour(s) ago
Also from: Money Control, Economic Times

IndiGo drops Pratt for CFM's jet engines in $20 billion order

CFM, owned by General Electric and France's Safran , will provide the 1LEAP-1A engines to power 280 A320neo and A321neo jetliners. Reuters | Updated: Jun 17, 2019, 07.42 PM IST BCCL IndiGo has a fleet of over 230 aircraft. India's biggest airline IndiGo said ...
Economic Times, 9 hour(s) ago
Also from: Reuters, Hindu Business Line

Government Releases New Income Tax Compounding Rules

CBDT has issued a revised 32-page guideline for 'compounding of offences under direct tax laws, 2019' which will be executed under the I-T Act, 1961 New Delhi: Indulgence in serious criminal cases of money laundering, terror financing, corruption, possession ...
NDTV, 9 hour(s) ago
Also from: Times of India, Money Control