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IL&FS Group Vice Chairman Nayyar resigns, Rajan takes charge

Mumbai, Oct 19 | The Board of IL&FS Group on Monday announced the resignation of Vineet Nayyar as the Executive Vice Chairman of the...

5G rollout capex for Delhi, Mumbai estimated at Rs 187 bn:...

New Delhi, Oct 19 | The total capital expenditure required for 5G rollout is estimated to be Rs 187 billion (Rs 18,700 crore) for...

Sitharaman tells central PSUs to scale up capex in FY21, FY22

New Delhi, Oct 19 | Stressing the need for capital expenditure (capex) by Central Public Sector Enterprises (CPSEs), Union Finance Minister Nirmala Sitharaman has...

1 in 3 call centres in India to switch permanently to...

New Delhi, Oct 19 | Signalling the future of work in the pandemic times, nearly one in three call centres (27 per cent) in...

‘12% returns on network sharing offers cushion against competition’

New Delhi, Oct 19 | The Petroleum and Natural Gas Regulatory Board's (PNGRB) draft regulations on city gas distribution (CGD) network sharing, if implemented,...

Atlassian’s $50mn global venture fund to focus on Indian startups (Ld)

Bengaluru, Oct 19 | In a bid to tap into India's growing startup and developer community, Australia's leading software firm Atlassian Corporation on Monday...

NCLT approves JSW Steel arm’s bid for Asian Colour Coated Ispat

New Delhi, Oct 19 | The National Company Law Tribunal (NCLT) has approved the resolution plan of JSW Steel Coated Products Limited, a subsidiary...

OMCs hold petrol, diesel prices as global oil market remains subdued

New Delhi, Oct 19 | Oil marketing companies (OMC) kept petrol and diesel prices unchanged across the four metros on Monday as global oil...

Every second farmer opposed to the 3 agri laws: Gaon Connection

New Delhi, Oct 19 | Gaon Connections survey on ‘The Indian Farmers Perception of the New Agri Laws found every second respondent farmer opposed...

Sustainable mining of bauxite needed for India to be global aluminium...

New Delhi, Oct 19 | Import of bauxite, one of Indias most abundant ores, has caused an estimated forex loss of over $400 million...

Kapil Wadhawan offers family assets to repay DHFL lenders

By Rituraj BaruahMumbai, Oct 19 | Kapil Wadhawan, promoter of the bankrupt Dewan Housing Finance Corporation Ltd (DHFL), has offered the monetisation of his...

Atlassian’s $50mn global venture fund to focus on Indian startups

Bengaluru, Oct 19 | In a bid to tap into Indias growing startup and developer community, Australia's leading software firm Atlassian Corporation on Monday...

Sustainable mining of bauxite needed for India to be global aluminium...

New Delhi, Oct 19 | Import of bauxite, one of Indias most abundant ores, has caused an estimated forex loss of over $400 million...

Paytm enters credit card biz, to issue 20 lakh in 12-18...

New Delhi, Oct 19 | Leading digital financial services platform Paytm on Monday said it will partner with various card issuers to introduce co-branded...

Sensex up 450 points, banking finance stocks surged

Mumbai, Oct 19 | The key Indian equity indices rose on Monday morning with the BSE Sensex rising over 450 points, to trade well...

LG Display tipped to gain profits in Q3 on price hike,...

Seoul, Oct 19 | LG Display is expected to return to the black in the third quarter of the year, analysts said on Monday,...

Adani, Piramal among bidders for bankrupt DHFL

Mumbai, Oct 18 | Adani Group, Piramal Enterprises, US-based Oaktree and Hong Kong-headquartered SC Lowy have submitted their bids for the insolvent Dewan Housing...

Tata Steel Long Products focus on volume growth, product mix

Mumbai, Oct 18 | Tata Steel Long Products Ltd is focusing on volume growth and product mix improvement for further growth.In its investor presentation,...

Weak institutional participation leading to consolidation of equity markets

Mumbai, Oct 18 | Weak institutional investment from domestic institutional investors (DII) and foreign portfolio investors (FPI) since September have led the Indian equity...

Cold storage demand to rise on online sales, cloud kitchens

New Delhi, Oct 18 | The demand for cold storage facilities in India is likely to rise on the back of increase in online...

Amid e-tail battle, DMart turns 2 stores into fulfilment centres

Mumbai, Oct 18 | As the e-commerce battle intensifies in India, with Reliance Retail's JioMart being the latest major entrant with a massive potential...

NPAs impact banks’ rate cut transmission, loan growth: Study

New Delhi, Oct 18 | Non-performing assets (NPA) of a bank weakens the monetary policy transmission and loan growth rate, said a recent working...

Markets to have wilder swings intra-day (Market Watch)

By Arun KejriwalMarkets gained on four of the five trading sessions, yet closed with losses in the week gone by. The BSESENSEX lost 526.51...

RBI’s loan recast framework to support Covid-hit realty projects

New Delhi, Oct 18 | The Reserve Bank of India's framework for loan recast or stress resolution for the Covid-19 related stress which allows...

‘India can become global PPE hub, more R&D efforts needed’

New Delhi, Oct 18 | Within six to seven months, India has become a major manufacturer of personal protective equipment (PPE) kits and even...

India’s gold imports halve to $6.8B in Apr-Sep FY21

New Delhi, Oct 18 | Gold imports by India declined 57.12 per cent in the first half of the current financial year (2020-21) to...

OMCs continue to hold petrol, diesel prices across metros

New Delhi, Oct 18 | Oil marketing companies (OMC) kept petrol and diesel prices unchanged across the four metros on Sunday.Petrol prices have been...

US equities post modest weekly gains amid stimulus uncertainty, economic data

New York, Oct 18 | Wall Street's major averages eked out modest gains in the week as investors monitored updates about a US coronavirus...

HDFC Bank’s Q2FY21 net profit rises over 18% (Lead)

Mumbai, Oct 17 | Lending major HDFC Bank on Saturday reported a 18.4 per cent increase in standalone net profit for the quarter ended...

Myntra’s ‘Big Fashion Festival’ gets off to roaring start

Bengaluru, Oct 17 | The biggest fashion shopping event of the festive season, Myntras ‘Big Fashion Festival, has registered an overwhelming opening response from...

Strong equity, bond inflows to strengthen rupee

By Rohit VaidNew Delhi, Oct 17 | Strong foreign fund inflows for domestic equity as well as bond markets are expected to strengthen the...

Goa to offer red carpet to US firms opting for FDI...

Panaji, Oct 17 | Goa will offer a red-carpet welcome and facilitate single-window clearance to US companies keen on investing in the state through...

Riding on 5G, Apple may see 15% iPhone growth next fiscal...

San Francisco, Oct 17 | Apple is expected to witness 15 per cent iPhone growth next fiscal year and the primary wave of...

Making Goa safe the cornerstone of new state tourism policy

Panaji, Oct 17 | In the backdrop of a perception that tourists, especially foreigners, are unsafe in the coastal state, the Goa Tourism Policy...

No change in petrol, diesel prices for 15 consecutive days

New Delhi, Oct 17 | Petrol, diesel prices have remained steady for about half of the current month as stable global oil prices have...

US stocks end mixed after retail sales data

New York, Oct 17 | US stocks closed mixed as investors pored through the nation's monthly retail sales data.On Friday, the Dow Jones Industrial...

Air India to operate flights to Germany from October 26

New Delhi, Oct 16 | National carrier Air India on Friday said it will operate flights to Germany from October 26.The airline, in a...

Audi India launches SUV Audi Q2

Mumbai, Oct 16 | Luxury car manufacturer Audi India on Friday launched Audi Q2 priced at Rs 34,99,000 (ex-showroom).The vehicle is powered by a...

Tata Comm’s Q2 consolidated net profit surges to Rs 384 cr

Mumbai, Oct 16 | Tata Communications on Friday reported a seven-fold jump in its consolidated net profit for the quarter ended September, on a...

Trial run of H-CNG powered city buses to begin in Delhi...

New Delhi, Oct 16 | The trial run of Hydrogen-blended CNG (H-CNG) powered city buses will be launched in the national capital next week.Union...

ICICI Bank services down early on Friday, resolved later

New Delhi, Oct 16 | Customers of ICICI Bank faced issues in online transactions on Friday due to a technical glitch.The glitch was however...

Amazon, Flipkart get notice for non-declaration of ‘Country of Origin’

New Delhi, Oct 16 | The Centre has issued notices to e-commerce majors Amazon and Flipkart for non-declaration of mandatory disclosure, including the 'Country...

SpiceJet operates more than 1k charter flights; repatriates 1.75 lakh

New Delhi, Oct 16 | Airline major SpiceJet has operated 1,019 charter flights and repatriated 1.75 lakh people since May 2020.According to the airline,...

Low base, festive cheer lifts Sept domestic passenger vehicles’ sales by...

New Delhi, Oct 16 | Low base along with more sustainable pent-up demand boosted domestic passenger vehicles' sales in September on a year-on-year basis. According...

India’s forex reserves rise by over $5 billion

Mumbai, Oct 16 | India's foreign exchange reserves rose $5.867 billion during the week ended October 9.According to the Reserve Bank of India's weekly...

RBI to conduct OMOs in SDLs worth Rs 10,000 cr

Mumbai, Oct 16 | The Reserve Bank of India (RBI) on Friday announced the purchase of state development loans worth Rs 10,000 crore under...

Amazon announces ‘exclusive’ festive deals for business customers

Bengaluru, Oct 16 | Amazon Business on Friday announced a host of exclusive deals for business buyers in addition to a special five per...

Life insurance companies to offer ‘Saral Jeevan Bima’ from Jan 1

New Delhi, Oct 16 | The Insurance Regulatory and Development Authority of India (Irdai) has directed all life insurance companies to offer a standard...

S Korean carrier SK Telecom joins Uber in mobility biz spinoff

Seoul, Oct 16 | South Korea's largest mobile carrier SK Telecom said on Friday it will spin off its mobility platform business into a...

Business

IL&FS Group Vice Chairman Nayyar resigns, Rajan takes charge

Mumbai, Oct 19 | The Board of IL&FS Group on Monday announced the resignation of Vineet Nayyar as the Executive Vice Chairman of the...