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RCom loss zooms to Rs 30,147 crore in Q2 on provisioning for liabilities

The company had reported Rs 338 crore in losses for the June quarter (Q1), and a profit of Rs 1,295 crore in Q2 last yearRead More



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Butterfield shares edge up on NYSE New! 2019-12-06 16:50:00A total of 211 shares of One Communications Ltd were traded on The Royal Gazette/BSX Index, but with no change to the closing price of $3.80.In New Yo

The Loren hotel group breaks ground in Texas 2019-12-06 15:48:00Two years after opening The Loren at Pink Beach in Bermuda, The Loren Hotel Group is expanding to the United States. Site work is under way for The Lo

Kershaw named Lancashire's new CFO 2019-12-06 07:00:00Natalie Kershaw has been appointed group chief financial officer of Bermudian-based re/insurer Lancashire Holdings Ltd.Ms Kershaw will take up the rol

BEDC concierge service to cut red tape 2019-12-06 07:00:00Business start-ups will encounter less bureaucratic red tape in the New Year with the introduction of a concierge service by the Bermuda Economic Deve

EY to stage reinsurance conference next week 2019-12-06 07:00:00Bermuda's re/insurance industry will be in focus at next week's EY Re/insurance Business and Accounting Update.The event will gather industry leader

High demand for economic substance session 2019-12-06 07:00:00An information session about Bermuda's economic substance legislation and its impact on island companies attracted more than 120 people, while anothe

MenCo thrives after style switch-up 2019-12-06 07:00:00You wouldn't think a few blocks would make much of a difference in clientele, in a city as small as Hamilton. But when Janika Fields moved her men's

Appleby's Schrum recognised by Citywealth 2019-12-05 18:03:00Vanessa Schrum, a partner in the Bermuda office of international law firm Appleby, has been recognised in Citywealth's International Powerwomen Top 1

Butterfield edge down on NYSE 2019-12-05 17:24:00Butterfield Bank shares ended seven cents, or 0.2 per cent, lower at $34.88 on The New York Stock Exchange.There was no trading on The Royal Gazette/B

Furbert committed to working with trust industry 2019-12-05 16:00:00Wayne Furbert, Minister for the Cabinet Office, today praised the trust industry for its role in maintaining the island's reputation as a premier int

August retail sales volume plunges 7.6% 2019-12-05 11:35:00Retail sales plunged 7.6 per cent in August when adjusted for inflation.It was the sixteenth month in the past 18 that sales declined year over year a

Online boutique stages holiday season pop-up 2019-12-05 07:00:00If you want to make a statement this holiday season, Donyae Hollis might have the dress for you.Sparkly, sexy, demure - it's all at Donyae Hollis Des

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Minister Furbert Speaks At STEP Conference 2019-12-05 16:47:19This morning [Dec 5], Minister for the Cabinet Office Wayne Furbert delivered remarks at the Society of Trust and Estate Practitioners [STEP] Bermuda

Retail Sales Volume Decreased 7.6% In August 2019-12-05 10:59:28Today [Dec 5] the Minister for the Cabinet Office Wayne Furbert released the August 2019 Retail Sales Index publication from the Department of Statist

Over 120 People Attend IoD Bermuda Event 2019-12-05 10:57:27More than 120 people crammed into a conference room – with another 50 dialing in – to hear the latest updates on Bermuda’s Economic

Photos & Video: WOMB Female Business Market 2019-12-05 10:01:43W.O.M.B [Women who Own and Manage Businesses] held its third annual market for female businesses on Wednesday evening [Dec 4] with approximately thirt

Video: ‘Taking Off’ Highlights Charity Golf Classic 2019-12-05 09:10:09Skyport has released the latest episode of ‘Taking Off’, a video series with host Mikaela Pearman that highlights the airport redevelopmen

AXIS Capital Prices Offering Of $425 Million Notes 2019-12-05 05:39:50Bermuda-based AXIS Capital Holdings announced that its subsidiary, AXIS Specialty Finance LLC [Issuer], has priced an offering of $425.0 million

Athene Declares Q4 Preferred Stock Dividend 2019-12-05 05:37:32Athene Holding Ltd. announced that it has declared a dividend on its 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares, Series A

Bermuda Stock Exchange Report: Dec 4 2019 2019-12-05 05:15:05December 4 saw 34,518 shares trade on the Bermuda Stock Exchange, valued at $131,089.00 BD. 1,118 shares were traded by Bank of N.T. Butterfield Ltd,

Christmas Events At Dockyard On December 8 2019-12-04 15:31:08The West End Development Corporation [WEDCO] is inviting the public to take part in a day of Christmas fun at the Royal Naval Dockyard on Sunday, Dece

Michael Warwicker Joins Chubb Bermuda 2019-12-04 13:58:00Chubb Bermuda announced that Michael J. Warwicker has joined the company as Senior Vice President, Head of Excess Liability. In this role, Mr. Warwick

Bermuda Stock Exchange Report: Dec 3 2019 2019-12-04 05:15:37December 3 saw 25,000 shares trade on the Bermuda Stock Exchange, valued at $68,450.00 BD. 25,000 shares were traded by LOM Financial Limited, closing

STEP Bermuda Conference On Thursday 2019-12-03 18:49:22[Written by Ashley Fife, Chairman- STEP Bermuda Branch] In June 1963, John F. Kennedy, concerned with the limitations of obsessive conservatism amid t

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Mexico says 'good progress' on trade deal although New! 2019-12-06 22:55:21Negotiators working to close a new North American trade deal have made "good progress" but many elements are not yet resolved, Mexico's deputy fore

Trump calls for World Bank to stop loaning New! 2019-12-06 22:53:37U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan t

Tesla boss Elon Musk wins defamation trial over New! 2019-12-06 22:39:51Tesla Inc boss Elon Musk emerged victorious on Friday from a closely watched defamation trial as a federal court jury swiftly rejected the $190 millio

Wall Street Week Ahead: Tariff deadline keeps focus New! 2019-12-06 22:20:48The stock market looks set to end 2019 the way it began the year -- highly sensitive to headlines from President Donald Trump's global trade war.

Musk's defamation win may reset legal landscape for New! 2019-12-06 21:55:25Elon Musk's daring has left its mark on electric cars and rockets, and now experts say the entrepreneur may have reshaped U.S. defamation law with hi

FAA seeks $3.9 million fine from Boeing for New! 2019-12-06 21:29:53The Federal Aviation Administration (FAA) said on Friday it seeks to impose a $3.9 million fine on Boeing Co, alleging it failed to prevent the instal

JPMorgan banker testifying for cartel prosecutors says there New! 2019-12-06 21:25:28A prosecution witness in an Australian criminal cartel case against Citigroup Inc and Deutsche Bank AG said on Friday that the banks never colluded, b

Mexico official lauds progress on trade deal but New! 2019-12-06 21:24:06Mexico's deputy foreign minister for North America, Jesus Seade, said on Friday that negotiators made "good progress" to close the United States-Me

Ericsson agrees to pay over $1 billion to New! 2019-12-06 19:36:31Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government offi

Global stocks rally, dollar gains on robust U.S. New! 2019-12-06 18:33:26The dollar rose and global equity markets jumped on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting t

Wall Street climbs on solid jobs data, trade New! 2019-12-06 18:08:00Wall Street ended solidly higher on Friday as a strong jobs report and optimism about U.S.-China trade negotiations ahead of an upcoming deadline help

Tesla Inc boss Elon Musk wins defamation trial New! 2019-12-06 17:50:17A U.S. District Court jury in Los Angeles on Friday found in favor of Tesla Inc boss Elon Musk in the defamation lawsuit brought against him by a Bri

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Hyderabad rape-murder: NHRC begins on-the-spot probe into encounter New! 2019-12-07 09:10:02Official sources said the team visited a government hospital at Mahabubnagar, where the bodies of the accused were kept after post-mortem

UP govt announces Rs 25 lakh compensation for New! 2019-12-07 08:37:56Besides Rs 25 lakh, the family will be given a government house

Income tax rate cut among steps govt working New! 2019-12-07 07:19:47Assuring that there will be no harassment of taxpayers, Sitharaman said the intent of the government is to further simplify taxation systems including

Jaypee Infra lenders to put bids of NBCC, New! 2019-12-07 07:00:24Anuj Jain was appointed as an interim resolution professional (IRP) to conduct insolvency process and also manage the affairs of the company.

Akhilesh sits on dharna, seeks UP govt's removal New! 2019-12-07 06:44:10He demanded that the state government be "removed" and said that his party will agitate for the people of the state

UP cops arrest owners of bogus brokerage involved New! 2019-12-07 05:55:08Total arrests by EOW in the case have risen to 12

Jharkhand Assembly polls: 1 killed in violence, 58.8% New! 2019-12-07 05:35:10While the voting exercise in 18 seats will end at 3 pm, voters in Jamshedpur (East) and Jamshedpur (West) constituencies can vote till 5 pm, an Electi

Justice loses character when it becomes revenge: CJI New! 2019-12-07 05:28:03Justice is never ought to be instant. Justice must never ever take the form of revenge. I believe justice loses its character when it becomes revenge,

Ericsson pleads guilty to corruption charges in US, New! 2019-12-07 05:24:36Ericsson said it had reviewed its anti-corruption program and taken measures to improve its ethics and compliance.

Raghuram Rajan urges scrutiny of NBFCs lending to New! 2019-12-07 04:12:44The Reserve Bank of India should carry out an asset quality review of the non-bank finance companies, Rajan said.

RCom to lose its undersea cable unit as New! 2019-12-07 02:21:43The plan that got the nod this week will grant ownership of GCX to its own creditors in exchange for a debt write down of $150 million, according to a

State-owned banks to help small businesses with loans New! 2019-12-07 01:03:15Banks will also consider requests from MSMEs for restructuring their stressed standard assets.


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