Industry

Industry

Infosys buys US firm for $75 mn

Bengaluru, April 13 : Global software major Infosys on Friday said it is buying US-based consumer insights agency Wongdoody Holding Co for $75 million (Rs 489 crore). “The ...
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Only 1.2% firms true ‘digital disruptors’ in Asia-Pacific: Study

Mumbai, April 13 : Only 1.2 per cent of the organisations in the Asia Pacific region meet the gold standard of being “digital disruptors,” a new report has ...
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Reliance Infra bags three packages of Mumbai Metro Line 4

Mumbai, April 13 : Reliance Infrastructure Limited EPC has received the Letter of Award (LOA) from the Mumbai Metropolitan Region Development Authority (MMRDA) for three packages worth Rs ...
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RIL to buy 73% stake in AI-based edutech firm Embibe

Mumbai, April 13 : Reliance Industries (RIL) on Friday announced it has agreed to buy a majority stake of 72.69 per cent in the artificial intelligence (AI)-based education ...
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Himachal has outdated apple processing facilities: CAG

Shimla, April 13 : The state-run Himachal Pradesh Horticultural Produce Marketing and Processing Corp (HPMC), which is mainly into marketing apple juice concentrate, is using worn out machinery ...
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Odisha seeks coal block allotment to MCL

Bhubaneswar, April 12 : Odisha Chief Minister Naveen Patnaik on Thursday requested the Centre to allot four coal mines of the state to Mahanadi Coalfields Limited (MCL) instead ...
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GoDaddy surpasses 1 million customers in India

New Delhi, April 10 : Global web-hosting and Cloud company GoDaddy on Tuesday announced it has surpassed one million customers in India, helping them start and grow online. ...
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Builders expect rise in Delhi-NCR property prices in FY19

New Delhi, April 9 : A total of 75 per cent of real estate developers expect property prices to rise in Delhi and the National Capital Region (NCR) ...
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Xiaomi announces 3 new smartphone plants, key component unit in India

New Delhi, April 9 : Chinese smartphone maker Xiaomi on Monday announced the opening of three more smartphone plants in India — along with the company’s first Surface ...
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Himachal to get new power, mining policy: Thakur

Shimla, April 9 : Himachal Pradesh will soon have a new electricity and mining policy and steps have been initiated to boost its tourism potential, Chief Minister Jai ...
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NCLAT clears decks for RCOM’s full asset sale

New Delhi, April 6 : Clearing the decks for selling the complete assets of Reliance Communications, the National Company Law Appellate Tribunal (NCLAT) on Friday vacated the stay ...
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Tea exports rise by 7% during April-February FY18

Kolkata, April 6 : India’s tea exports grew by nearly 7 per cent to 221.54 million kg during April-February period of 2017-18 (FY18) as compared to 207.22 million ...
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Bengal Chemicals eyes 25% rise in revenue in FY19

Kolkata, April 5 : State-owned Bengal Chemicals & Pharmaceuticals Limited, which made a net profit of Rs 8.91 crore during 2017-18, is eyeing a Rs 15-20 crore of ...
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Ola offers trip insurance for riders

Bengaluru, April 5 : Indian ride-sharing major Ola on Thursday announced an insurance programme for riders using its cab and auto services. “Users booking an Ola ride can ...
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Flipkart partners with MakeMyTrip for online bookings

Bengaluru, April 5 : Indian e-tail major Flipkart on Thursday announced its tie-up with leading online travel company MakeMyTrip for travel bookings. “Through the partnership, users can now ...
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In boost to RCOM, Supreme Court clears decks for asset sale

New Delhi, April 5 : In much-awaited relief to Reliance Communications (RCOM), the Supreme court on Thursday cleared the decks for the sale of its spectrum and optical ...
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BEML to open excellence centre for railways in Bengaluru

Bengaluru, April 5 : State-run Bharat Earth Movers Ltd (BEML) will set up a centre of excellence for the Indian Railways here to test its equipment and coaches, ...
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ICICI Bank’s board to meet to review insolvency cases

Mumbai, April 2 : Private lender ICICI Bank said it will convene a board meeting on Monday to review cases under the Insolvency and Bankruptcy Code which are ...
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Hyundai Motor India’s cumulative March sales up 8.8%

New Delhi, April 2 : Automobile manufacturer Hyundai Motor India (HMIL) on Monday reported a rise of 8.8 per cent in overall sales including exports for March 2018. ...
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Reliance Infra bags Rs 441 crore EPC contract from government

Mumbai, April 2 : Reliance Infrastructure has won an engineering, procurement and construction (EPC) contract for Rs 441 crore from the Ministry of Road Transport and Highways for ...
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Ashok Leyland logs 20% sales growth in March

Chennai, April 2 : Commercial vehicle major Ashok Leyland on Monday said it closed last month with 20 per cent sales growth. In a statement issued here, the ...
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Subramanian Swamy terms AI divestment a potential scam in the making

New Delhi, March 31 : BJP MP Subramanian Swamy on Saturday described the Air India divestment process as “potentially another scam in the making” saying he would file ...
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Domestic passenger traffic to grow 18% in FY18: ICRA

New Delhi, March 31 : The Indian aviation industry is estimated to grow by 18 per cent during FY2018, ratings agency ICRA said on Friday. “The domestic passenger ...
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First LNG shipment from US reaches Maharashtra

Ratnagiri (Maharashtra), March 30 : The first shipment of US liquefied natural gas (LNG) from Cheniere Energy Inc., Louisiana reached GAIL (India) Ltd’s Dabhol Terminal here on Maharashtra’s ...
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Huawei posts 28% rise in 2017 net profit, to hike R&D investments

New Delhi, March 30 : Eyeing the growth-driven Cloud, Internet of Things (IoT) and 5G markets, Shenzhen-based Huawei on Friday reported net profit of 47.5 billion yuan ($7.3 ...
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Internet in Indian languages can add 200 mn new users: Report

New Delhi, March 22 : Offering an opportunity to access the Internet in a language of their choice would have helped over 200 million Indians to go digital, ...
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RInfra moves Delhi HC seeking arbitration award from DMRC

New Delhi, March 20 : Reliance Infrastructure’s (RInfra) subsidiary Delhi Airport Metro Express Private (DAMEPL) has moved the Delhi High Court seeking execution of the arbitration award of ...
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Tata Motors to hike prices of passenger vehicles

Mumbai, March 20 : Automobile major Tata Motors on Tuesday said it will increase prices of its entire passenger vehicles range by up to Rs 60,000 due to ...
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Sebi fines NDTV for disclosure lapses

New Delhi, March 18 : Securities market regulator Sebi has fined media organisation NDTV, and four individuals for lapses in mandatory disclosure. According to a Sebi order dated ...
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Mukund Rajan steps down from Tata Sons

New Delhi, March 17 : Tata Sons on Thursday said Mukund Rajan has stepped down as the Chief Ethics Officer of the company with effect from March 31. ...
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Grofers raises Rs 400 cr from SoftBank Group

New Delhi, March 16 : Online supermarket platform Grofers on Friday said it has raised Rs 400 crore in a fresh funding round led by Japanese conglomerate SoftBank Group. ...
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Indian companies contest plastic in water bottles study

New Delhi, March 16 : A day after a study claimed that 90 per cent of bottled water from leading brands is contaminated by microplastics, Indian bottling companies on ...
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Need dedicated approval window for affordable housing: Report

New Delhi, March 16 : The government should implement a dedicated fast-track process for approvals in affordable housing projects, a Ficci-CBRE report said here on Friday. “Building approval process ...
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Blockchain can improve India’s trade finance system: Report

New Delhi, March 15 : Blockchain along with other digital technologies including artificial intelligence (AI), machine learning and robotic process automation could resolve inefficiencies in the country’s current trade ...
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NALCO pays interim dividend of Rs 546.95 cr to Centre

Bhubaneswar, March 12 : The National Aluminium Company Limited (NALCO) has paid Rs 546.95 crore as interim dividend to the Union government, an official said on Monday. NALCO Chairman-cum-Managing ...
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Unencumbered assets of Unitech would be auctioned: SC

New Delhi, March 12 : The Supreme Court on Monday said it would auction the unencumbered properties of real estate major Unitech, including personal assets of Managing Director Sanjay ...
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Passenger car sales up 3.70% in February: SIAM

New Delhi, March 12 : Sales of domestic passenger cars inched up by 3.70 per cent in February, an industry data showed on Monday. Data from the Society of ...
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Eicher Motors shuts joint venture with US-based Polaris

New Delhi, March 12 : Automobile manufacturer Eicher Motors on Monday said the company has decided to shut its joint venture — Eicher Polaris Private Ltd (EPPL) — with ...
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‘31% firms in India reckon change in organisational structure’

New Delhi, March 12 : Around 31 per cent of companies in India are considering a different organisational structure, a recent joint study by global advisory firm Willis Towers ...
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India needs 1,750 new aircraft over 20 years: Airbus

Hyderabad, March 9 : India will require 1,750 new passenger and cargo aircraft over the next 20 years to meet an exponential rise in both passenger and freight ...
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PNB scam: Additional Rs 1,300 cr fraud revealed

Mumbai, Feb 27 : The fraud-hit Punjab National Bank (PNB) has reported an additional Rs 1,300 crore unauthorised transactions, taking the estimated quantum to Rs 12,600 crore in ...
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Bengal proposes Rs 350cr leather cluster project to Centre

Kolkata, Feb 27 : West Bengal government has submitted a Rs 350-crore project for Bantala leather cluster, aiming to modernise and expand the existing Calcutta Leather Complex located ...
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Demanding targets make employees sleep less than 6 hours : Assocham

New Delhi, Feb 26 : Nearly 56 per cent of corporate employees in India sleep less than six hours a day due to high stress levels that arise ...
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Andhra signs over Rs 4 lakh cr MoUs at Partnership Summit

Visakhapatnam, Feb 26 : The Andhra Pradesh government signed Memoranda of Understanding (MoUs) worth Rs 4.39 lakh crore at the CII Partnership Summit which concluded here on Monday. ...
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Airtel joins ‘Seamless Alliance’ to bring in-flight connectivity to subscribers

New Delhi, Feb 26 : Bharti Airtel on Monday said it has joined the ‘Seamless Alliance’, which would empower mobile operators and airlines to extend their services into ...
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Use AI to make lives of ‘divyangs’, farmers simpler: Modi

New Delhi, Feb 25 : Prime Minister Narendra Modi on Sunday said that machines were getting smarter through self learning and urged researchers to make use of artificial ...
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PNB fraud should not halt corporate lending: Assocham

New Delhi, Feb 25 : The alleged Rs 11,300 crore fraud on state-run Punjab National Bank (PNB) committed by accused diamantaire Nirav Modi should not halt the entire ...
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Employee diversity spurs innovation, profit: Study

New York, Feb 25 : Companies that hire a more diverse set of employees are rewarded with a richer pipeline of innovative products and a stronger financial position, ...
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Jio to invest Rs 10,000 crore in 3 years in UP: Mukesh Ambani

Lucknow, Feb 21 : Reliance Jio will invest another Rs 10,000 crore in Uttar Pradesh over the next three years, Reliance Industries Limited Chairman Mukesh Ambani said here ...
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Expect Air India divestment to complete in a year: Aviation Minister

New Delhi, Feb 21 : The Union Minister of Civil Aviation, Ashok Gajapathi Raju, on Wednesday said he expects the divestment process of public carrier Air India to ...
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Essar Oilfields wins drilling contract from GAIL

Mumbai, Feb 21 : Essar Oilfields Services India Ltd announced on Wednesday that it has won a contract worth Rs 28 crore from state-run gas utility GAIL India ...
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Second defence industrial corridor to come up in UP: PM

Lucknow, Feb 21 : Prime Minister Narendra Modi on Wednesday announced that the government would establish a defence industrial production corridor in Uttar Pradesh at an estimated cost ...
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India 7th most targeted nation for Web Application Attacks: Report

Bengaluru, Feb 21 : Nearly 40 per cent of over 53,000 cyber attacks in India occurred in the financial services sector during 2017, placing it at the seventh ...
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India, China lead AI investment, adoption in Asia: Report

New Delhi, Feb 21 : Asian enterprises, especially those in India and China, are fast adopting Artificial Intelligence (AI) to reinvent their business models and perceive AI as a ...
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L&T Construction bags orders worth Rs 1,680cr

Mumbai, Feb 19 : Industrial conglomerate Larsen and Toubro (L&T) on Monday said its construction arm has bagged orders worth Rs 1,680 crore from the Pune Municipal Corporation to ...
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CBI raids Rotomac’s Kanpur properties

New Delhi/Kanpur, Feb 19 : The CBI on Monday raided several locations in Kanpur in connection with a Rs 800 crore loan default by the Rotomac Pen company’s chief ...
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CBI registers FIR against Gitanjali group in $1.8 bn fraud case

New Delhi, Feb 16 : The CBI on Friday registered an FIR against the Gitanjali Group of companies based on a complaint registered by the Punjab National Bank in ...
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PSU general insurers to initiate merger process on Feb 16

Kolkata, Feb 13 : Three state-run general insurance companies — United India Insurance Company, National Insurance Company (NIC) and Oriental Insurance Company — are expected to meet on February ...
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IBM eyeing BFSI, telecom sector for growth in India

Mumbai, Feb 14 : When it comes to digital transformation, sectors like the Banking, Financial Services and Insurance (BFSI), and telecom, will become the growth engines for India and ...
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GST figure to touch Rs 1 trillion a month

New Delhi: Revenues from the Goods and Services Tax could cross Rs 1 lakh crore a month towards the end of next fiscal once anti-evasion measures like matching ...
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India’s longest drive-in beach to get Rs 50 cr facelift

Thiruvananthapuram, Feb 12 : Billed as the longest drive-in beach in the country, extending close to six kilometres, Muzhappilangad beach in Kerala is all set to get a Rs ...
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CCI approves sale of RInfra’s Mumbai power business to Adanis

Mumbai, Feb 12 : Fair trade regulator Competition Commission of India (CCI) has approved the sale of Reliance Infrastructure’s (RInfra) Mumbai power business to Adani Transmission Ltd, RInfra announced ...
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Airtel ties up with Hotstar to stream digital content

New Delhi, Feb 12 : Telecom services provider Bharti Airtel on Monday said it has tied up with streaming platform Hotstar to bring digital content to its customers. “This ...
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Passenger car sales down in January: SIAM

New Delhi, Feb 12 : Sales of domestic passenger cars inched down in January, industry data showed on Monday. As per the data from the Society of Indian Automobile ...
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2 lakh foreigners availed healthcare facilities in India in 2016

New Delhi: More than 2 lakh foreigners,including 1,678 Pakistanis and 296 Americans, availed healthcare facilities in India in 2016, signalling the country’s growing reputation as a popular medical ...
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Modi briefs GCC corporates on ease of doing business in India

Dubai, Feb 11 : Prime Minister Narendra Modi on Sunday laid out the many reforms in the economic sphere which he said are significantly improving the ease of doing ...
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Indian EV market to grow in double digits: Assocham

New Delhi, Feb 11 : The Indian electric vehicles (EV) market is expected to grow at double digit rates till 2020, while the nascent telematics market is also poised ...
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More Indians prefer US EB-5 visa route with assured migration, Green Card

Mumbai, Feb 10 : A large number of Indians are queuing up to invest in businesses in the US through the EB-5 Investor Visa which assures migration with a ...
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India must be prepared for HNS botnet attack: Bitdefender

New Delhi, Feb 8 : After striking major countries across the globe, malicious cyber threat “Hide and Seek” (HNS) can hit India a severe blow and the country must ...
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Swiggy raises $100mn in funding from global players

New Delhi, Feb 8 : Food order and delivery platform Swiggy on Thursday said that it has raised $100 million in Series F funding from global players, Naspers and ...
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Cabinet clears changes in Major Port Authorities Bill 2016

New Delhi, Feb 8 : The Union Cabinet on Wednesday approved changes in the Major Port Authorities Bill 2016, including authorising the central government to remove the presiding officer ...
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Auto Expo: Kia Motors debuts in India to launch vehicle in 2019

New Delhi, Feb 7 : Automobile manufacturer Kia Motors India on Wednesday made its India debut and unveiled future car offerings at the pre-open event of the 14th Auto ...
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Gold demand in India grew to 727 tonnes in 2017

Mumbai, Feb 6 : Gold in India gained more shine in calendar year 2017 with demand growing by 9.1 per cent to 726.9 tonnes, said the World Gold Council, ...
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Government confident of meeting fiscal deficit target: Economic Affairs Secretary

The Finance Ministry is confident of meeting next year’s fiscal deficit target of 3.3 per cent, citing lesser uncertainties ahead, even as it failed to achieve its target ...
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New India Assurance net profit zooms to Rs 617 cr in Q3

Public sector general insurer, New India Assurance Company Ltd, on Saturday said it has posted a net profit of Rs 617.28 crore for the quarter ended December 31, ...
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Google’s rise helps Alphabet post $32.32 bn in revenue

Riding on Google’s growing ad business, Alphabet Inc posted $32.32 billion in revenue for the fourth quarter of 2017 — up 24 per cent (year-on-year) from $26.06 billion ...
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#Budget2018 – IAMAI welcomes technology thrust on Budget

The Union budget recognizes the positive role of digital technologies for development of social sectors like health, agriculture and education, and hence IAMAI would like to term it ...
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#BUDGET2018 – With eye on 2019 polls, Budget for NewIndia

In his last full budget before general elections in 2019, Finance Minister Arun Jaitley raised long-term capital gains (LTCG) tax to 10 per cent from zero at present, ...
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India’s December core industries’ output pace slows in December

The pace of India’s eight major industries’ output slowed in December to 4 per cent from an increase of 7.4 per cent in November 2017, official data showed ...
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Samsung hiring 1,000 engineers for India R&D this year, 300 from IITs

In line with its commitment to hire 2,500 engineers for R&D in India in the next three years, Samsung on Wednesday said the company will hire 1,000 engineers ...
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Samsung reaps $39.30 bn net profit in 2017

South Korean technology giant Samsung Electronics achieved a net profit of $39.30 billion, 85.6 per cent more than in 2016 thanks to the boom in the memory chip ...
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Kia Motors India to make India debut at Auto Expo 2018

Automobile manufacturer Kia Motors India (KMI) on Tuesday said that it will make its Indian market debut at the Auto Expo 2018 with a new concept car. According ...
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IOC Q3 net at Rs 7,883 cr, nearly doubles on higher sales

State-run India Oil Corp (IOC) on Tuesday declared a near doubling in its net profit at Rs 7,883.22 crore for the third quarter ended in December over the ...
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BUDGET 2018 – Individual tax exemptions linked to financial services investments

Two days ahead of the ‘fateful day’, The Economic Survey 2018-2019, authored by Chief Economic Advisor (CEA) Arvind Subramanian, was released in the Parliament, marking the start of ...
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Jaitley charts out PSB recap plans, special monitoring of loans above Rs 250 cr

New Delhi, Jan 24 : Aiming at maintaining healthy books of public sector banks, Finance Minister Arun Jaitley on Wednesday charted out the government’s recapitalisation plans, underlining that ...
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Petrol prices at 3-year high; diesel at record high

New Delhi, Jan 24 : Petrol and diesel prices kept spiralling even on Wednesday, touching new highs in the national capital and other metros. Petrol was sold at ...
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Essar Oilfields bags Rs 32 crore contract from ONGC

New Delhi, Jan 24 : Essar Oilfields Services India Ltd (EOSIL) on Wednesday said it has been awarded a contract worth Rs 32 crore by ONGC to drill ...
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ONGC ties-up with banks to part-fund HPCL acquisition

Mumbai, Jan 24 : Oil and gas explorer ONGC has entered into short-term loan agreements with three banks to part-fund its acquisition of HPCL. Accordingly, the company has ...
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India-Asean connection marked by 3C’s: Prasad

New Delhi, Jan 23 : Electronics and IT Minister Ravi Shankar Prasad on Tuesday said culture, commerce and connectivity were the three C’s which mark the historical connection ...
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Modi meets CEOs at WEF, IMF reaffirms India’s growth story

Davos, Jan 23 : Prime Minister Narendra Modi on Monday held a roundtable meeting with the CEOs of top global companies before his keynote address at the plenary ...
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Crude at $60 conducive to revenue growth: Air India CMD

New Delhi, Jan 19 : Crude oil prices at around $60 per barrel is the “ideal” level for Air India to sustain its new-found revenue growth, the airline’s ...
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Railway heritage theme park on the anvil at Rewari

New Delhi, Jan 19 : Indian Railways is firming up a proposal to develop a railway heritage theme park, a first-of-its-kind in the country, at Rewari, in cooperation ...
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Tata Steel announces successful $1.3 bn dual tranche bond offering

Mumbai, Jan 19 : Tata Steel on Friday said its wholly own subsidiary incorporated in Singapore, Abja Investment Co Pte Ltd, has successfully issued dual tranche of $1.3 ...
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World Bank ranking is recognition for our work: Modi

New Delhi, Nov 4 : Prime Minister Narendra Modi on Saturday said India has improved 42 ranks on the World Bank’s ease of doing business ranking in a ...
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Going ‘swadeshi’ is key to India’s holistic development

It is high time for India to go swadeshi to ensure the people’s holistic development. Today a large number of people—skilled or semi-skilled or non-skilled—are just wasting their ...
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Alphons sets massive targets for tourism sector

It is an undeniable fact that India tourism sector has immense potential to contribute significantly to Indian economy. Union Tourism Minister K J Alphons has set the target ...
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US giant GE offers to set up gas power plant in Punjab

Chandigarh: US based multinational General Electric (GE) has offered to set up a 2400 MW gas based power plant in Punjab, delivering power to consumers at Rs 4.81 ...
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Indian IT cos expect layoffs, shrinking job mkt in next two quarters

New Delhi: Indian IT professionals are likely to see reduced job opportunities in the next six months as traditional roles are increasingly getting disrupted in the wake of ...
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Intex Technologies launches five Next-Gen TVs

New Delhi, Oct 5 : Domestic consumer electronics manufacturer Intex Technologies on Friday launched five new models of LED TVs. The TVs are 55-inch UHD (Rs 78,999), 43-inch ...
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Clean energy think-tank favours more access to debt

New Delhi, Oct 5 : India’s industry body Clean Energy Access Network (CLEAN) on Thursday laid emphasis on building a modern energy system through increased public-private partnership and ...
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RCom elevates top officials as board directors

New Delhi: A day after calling off merger deal with Aircel, Reliance Communications on Monday announced elevation of four senior officials to the board level as executive directors ...
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Wind job losses – just a passing breeze

In the past couple of years, the wind energy industry in India has impressed with its stellar performance. The country had an installed wind power capacity of 32.28GW ...
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Passive cooling to cut electricity bills

Bengaluru, Oct 2 : Air-conditioning your building without electricity? Researchers at Stanford University in the US report it is potentially possible through the technology of “radiative sky cooling” ...
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Loan default: Listed cos get a breather from Sebi

New Delhi: Markets regulator Sebi has put off implementation of its directive ‘until further notice’ that required listed firms to inform exchanges if they default on loan payments ...
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In four years, Patanjali will be world’s largest FMCG brand: Ramdev

New Delhi, Sep 30 : Riding high on the popularity of desi products, Yoga guru Swami Ramdev said by 2018-19, his fast-moving consumer goods (FMCG) company, Patanjali, will ...
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Chartering roadmap towards sustainable tourism

The arrival of foreign tourists into the country has increased from 6.8 per cent in 2016 to 16.5 per cent in January 2017. Similarly the domestic tourist arrivals ...
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India to lead fourth industrial revolution: Mukesh Ambani

New Delhi, Sep 27 : India will lead the fourth industrial revolution with the telecom and IT industry coming together to lay the foundation of empowering 1.3 billion ...
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‘Northeast India’s ethnic alcoholic beverages can be robust industry’

Kolkata/Gangtok, Sep 27 : Traditional home-based brewing of ethnic alcoholic beverages in Sikkim and Meghalaya can be transformed into a robust industry if adequate scientific and technical boost ...
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Bharti Airtel deploys 5G capable technology

New Delhi, Sep 26 : Bharti Airtel on Tuesday announced the deployment of Indias first state-of-the-art Massive Multiple-Input Multiple-Output (MIMO) technology, a key enabler for 5G networks. Airtel ...
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India’s tea exports to Sri Lanka rise 150% in January-July 2017

Kolkata, Sep 26 : India’s tea exports to Sri Lanka increased by 150 per cent to 2.5 million kg in January-July 2017 compared to one million kg exported ...
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Corporates’ CSR spend can act as supportive expenditure: Jaitley

New Delhi, Sep 26 : Finance Minister Arun Jaitley on Tuesday said that the CSR spend of corporates, which has become functional in the last 3-4 years after ...
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Faster Internet speed spurring OTT growth in India

Hyderabad/New Delhi, Sep 26 : The improvement in average Internet speed in India over the last few months is spurring growth in the Over-The-Top (OTT) sphere and may ...
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Novartis India to buy back shares worth over Rs 231 cr

Mumbai, Sep 25 : Pharma major Novartis India on Monday said that it will buy back shares worth Rs 231.15 crore representing 12.26 per cent of the total ...
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Tata Capital to divest forex, travel services to Thomas Cook

Mumbai, Sep 25 : Financial services provider Tata Capital on Monday announced that it has signed a definitive agreement to divest its foreign exchange and travel services to ...
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Dell EMC joins Ingram Micro to unveil Hardware-as-a-Service model in India

New Delhi, Sep 25 : Giving a fillip to IT adoption among the Indian enterprises, Dell EMC and US-based IT firm Ingram Micro have announced the launch of ...
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Delay in monsoon’s retreat postpones sugarcane crushing

New Delhi, Sep 24 : Owing to a sugar shortage in the country, the government had planned to start the crushing of sugarcane ahead of the normal schedule ...
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Gold will not glitter this Diwali!

New Delhi, Sep 24 : With Goods and Services Tax (GST), demonetisation and Anti-Money Laundering (AML) regulations coming into effect, gold will not glitter much this Diwali, feels ...
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Textile industry plea to Centre on duty drawback rate

Coimbatore: The textile industry has urged the Central government to reconsider the decision to reduce the duty drawback rate saying it would badly affect the garment sector in ...
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Nalco setting up 5th stream to boost capacity in refinery

Bhubaneswar, Sep 23 : National Aluminium Company (Nalco) is in the process of setting up a fifth stream in its existing alumina refinery in Odisha, an official said ...
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Yamaha to invest over Rs 200 crore in Chennai plant

Chennai, Sep 22 : Japanese group Yamaha plans to invest more than Rs 200 crore in its two-wheeler plant near here, a statement from India Yamaha Motor Pvt ...
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Decision on allowing PE firms to buy stake in insurance firms soon: IRDAI

Mumbai, Sep 22 : The Insurance Regulatory Development Authority of India (IRDAI) will come out with a decision in a months time on allowing private equity (PE) firms ...
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Italy’s Hera Group to set up effluent plant in Punjab

London : Encouraged by the industry-friendly policies of Chief Minister Captain Amarinder Singh led Congress government in Punjab, Italy’s multi-utility Hera Group has evinced interest in setting up ...
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AI seeks STL worth over Rs 3,000 crore

New Delhi, Sep 14 : National passenger carrier Air India has invited bids from banks for Rs 3,250 crore government guarantee backed “Short Term Loans” (STLs). The airline ...
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Infosys completes acquisition of UK-based Brilliant Basics

Bengaluru, Sep 11 : In a bid to build on ‘Design Thinking’ approach, Infosys on Monday announced it has completed the acquisition of London-based product design and customer ...
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SC directs Jaypee Associates to deposit Rs 2000 cr

New Delhi, Sep 11 : The Supreme Court on Monday directed Jaypee Associates to deposit Rs 2000 crore with its registrar in pursuance of the ongoing insolvency proceedings ...
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Passenger car sales up 12% in August

New Delhi, Sep 11 : Sales of domestic passenger cars increased by 11.80 per cent in August, as compared to the same period last year, industry data showed ...
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Bridging the gap: E-commerce platforms pave way for SMEs to sell products

New Delhi, Sep 10 : Aiming to ease hurdles faced by small sellers to showcase products online, many e-commerce platforms are offering incentives to bridge the gap by ...
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‘Need to rate water efficiency of consumer durables’

Chennai, Sep 10 : The Indian Plumbing Association (IPA) will soon approach the central government to star rate consumer durables like washing machines, dish washers and bath fixtures ...
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India Inc. averse to professional boards, promoters in background

New Delhi, Sep 10 : The Indian industry is still not ready to hand over complete management control of companies to independent boards and professional managers, business chamber ...
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Exporters’ woes under GST: Working capital stuck as refunds not available

New Delhi, Sep 10 : Exporters are having a tough time since the roll-out of the new indirect tax regime as the online facility to claim refunds is ...
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Crucial GST Council meet underway in Hyderabad

Hyderabad, Sep 9 : A crucial meeting of the Goods and Services Tax (GST) Council was underway here on Saturday to discuss key issues relating to implementation of ...
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Japan Airlines, Vistara agree on commercial cooperation

New Delhi, Sep 7 : Private carrier Vistara and Japan Airlines(JAL) on Thursday signed a Memorandum of Understanding (MoU) to jointly explore commercial opportunities, including code sharing of ...
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Bitcoin startup Unocoin partners Blockchain platform

Bengaluru, Sep 7 : Bengaluru-based bitcoin exchange start-up Unocoin on Thursday partnered with global digital currency platform provider Blockchain, to allow Indians fund their Blockchain wallets. The partnership ...
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New Google feature to help Indian SMBs manage business online

New Delhi, Sep 7 : In a bid to empower Indias small and medium business (SMB) communities, Google on Thursday launched a feature for “Google My Business” customers ...
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Easy for India to switch to electric vehicles: Kant

New Delhi, Sep 7 : Low per capita car ownership in India will be advantageous for the country for mass adoption of EVs (electric vehicles), a senior government ...
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Auto industry must innovate on alternative fuels: Gadkari

New Delhi, Sep 7 : Union Transport Minister Nitin Gadkari on Thursday exhorted the automobile industry to develop technology to run vehicles on alternatives to petrol and diesel ...
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Steel Minister talks tough after Modi gives him a new lease of life

Union Steel Minister Chaudhary Birendra Singh was on his way out during the recent reshuffle, but Dera Sacha Sauda controversy, building tension in view of Jat reservation and ...
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Indus Towers joins hands with Indian Oil to expand network

New Delhi, Sep 6 : Tower infrastructure company Indus Towers signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL), for setting up a mobile tower ...
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H&M expands India presence

New Delhi, Sep 6 : Global fashion retailer H&M is expanding its presence in India with stores in Indore, Coimbatore and Amritsar. The store in Indore will open ...
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Trade, economy with Russia top priority: Sushma

Vladivostok (Russia), Sep 6 : India shares the “best” political relations with Russia, and trade and economic ties are a top priority, External Affairs Minister Sushma Swaraj said ...
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ISRO suspects pyro elements failed to separate rocket’s heat shield

Chennai, Sep 6 : The Indian space agency is strongly suspecting the failure of pyro elements for the non-separation of the heat shield of its rocket Polar Satellite ...
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Action against bank accounts of 2 lakh firms ‘struck off’ from RoC

New Delhi, Sep 5 : Stepping up action against over two lakh companies which have not been carrying out any business for the last 1-2 years, the government ...
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IDBI seeks vacation of stay of insolvency proceedings against Jaypee

New Delhi, Sep 5 : The Supreme Court will hear on September 11, the IDBI’s plea seeking restoration of insolvency proceedings against the Jaypee Infratech that was put ...
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ASEAN working together to build single aviation market

Vientiane, Sep 5 : Air transport officials of member states of the Association of Southeast Asian Nations (ASEAN) are gathering in Laos to discuss the ASEAN Single Aviation ...
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GST return filing deadline extended till September 10

New Delhi, Sep 5 : The government has extended the deadline for filing the GST sales return — GSTR-1 — which was to expire on Tuesday, for another ...
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Government waives penalty on late GST returns for July

New Delhi, Sep 2 : The government, on the recommendations of the Goods and Services Tax Council, has waived the penalty of Rs 200 per day for taxpayers ...
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Chinese green firm to begin construction of Indian plant

Chennai, Sep 2 : China’s mono-crystalline solar cells and modules Longi Green Energy Technology will start building its Rs 1,500 crore Indian plant by the end of this ...
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Hyundai Motor India’s August domestic sales up 9%

New Delhi, Sep 1 : Automobile major Hyundai Motor India Ltd (HMIL) on Friday reported a rise of nine per cent in its domestic sales during August. According ...
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India’s manufacturing sector rebounds in August

Mumbai, Sep 1 : The overall health of India’s manufacturing sector improved in August due to resumed growth of new orders, production and employment, a key macro-economic data ...
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TVS Motor logs 16% sales growth in August

Chennai, Sep 1 : Two- and three-wheeler maker TVS Motor Company on Friday said it has registered a sales growth of 16 per cent last month as compared ...
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Eicher Motors logs 22% sales growth in August

Chennai, Sep 1 : Two wheeler maker Eicher Motors Ltd on Friday said it had logged 22 per cent sales growth last month. In a statement, the company ...
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Indian businesses adapting to water scarcity: Survey

New Delhi, Sep 1 : Businesses in India are adapting to water scarcity. Most sectors are feeling the heat of recent droughts, leading to increased costs of raw ...
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Lexus India now an independent organisation targeting growth

Chennai, Sep 1 : Within five months of its debut in the country, Lexus India on Friday announced its independent and restructured organisation for future growth. In a ...
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President invites Swiss firms to join India initiatives

New Delhi, Sep 1 : President Ram Nath Kovind on has invited Swiss technology companies to participate in various initiatives of the Indian government and pursue closer business ...
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Seshasayee hits back at Infosys founder Murthy

Bengaluru, Sep 1 : Terming Infosys Founder N.R. Narayana Murthy’s charges against him “patently false”, its former non-executive Chairman R. Seshasayee on Friday said it was offensive to ...
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Maruti Suzuki’s August sales up 24%

New Delhi, Sep 1 : Automobile major Maruti Suzuki India on Friday reported an exponential rise of 23.8 per cent in its monthly sales for August. According to ...
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Coal India expects Rs 527 cr additional revenue after revisions

Kolkata, Sep 1 : Coal India Ltd (CIL) on Friday said it is expecting to garner about Rs 527 crore of additional annual revenue with revisions in sizing, ...
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Ashok Leyland sales up 25% in August

Chennai, Sep 1 : Commercial vehicles major Ashok Leyland on Friday said it sold 13,634 vehicles last month, up by 25 per cent as compared to corresponding month ...
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India ready to finance carbon-capture technology: Goyal

New Delhi, Sep 1 : India is fully prepared to finance carbon-capture technology but the developed world’s approach in this area leaves much to be desired, New and ...
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Cabinet approves raising GST cess on luxury cars to 25%

New Delhi, Aug 30 : The Union Cabinet on Wednesday approved an ordinance to raise the ceiling on GST cess for luxury vehicles and SUVs from the current ...
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Hindon Air Force base to be used for RCS-Udan scheme

New Delhi, Aug 30 : The government on Wednesday said the Hindon Air Force base in Uttar Pradesh’s Ghaziabad may be used to connect regional destinations to the ...
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Bird Group envisages interest in buying stake in Air India

New Delhi, Aug 30 : Aviation industry major Bird Group has envisaged buying a stake in Air India via its divestment process. Civil Aviation Secretary R. N. Choubey ...
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UP has earmarked Rs 1,000 crore for start-ups: Yogi

Lucknow, Aug 30 : Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday made a strong pitch for start-ups and flagged off a “Start-up Bus Yatra” from the scientific ...
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Vandana Sikka quits Infosys Foundation in US

Bengaluru, Aug 30 : Vandana Sikka, wife of former Infosys CEO Vishal Sikka, resigned as Chairperson Infosys Foundation, USA, said the software major on Tuesday. Sikka resigned as ...
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Airtel, Symantec ink partnership on cyber security for businesses

New Delhi, Aug 28, To serve the growing cyber security needs of businesses in India, Bharti Airtel and cyber security provider Symantec have inked a strategic alliance to ...
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DLF promoters to sell 40% stake in firm’s rental arm

Mumbai, Aug 25, The promoters of realty major DLF will sell 40 per cent of their stake in the firm’s rental business to an affiliate of GIC Real ...
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Indian industry not investing in job-intensive sectors: Panagariya

New Delhi, Aug 25, Debunking the notion that rigid labour laws are holding back industrial growth in India, the Niti Aayog has said the real reason behind low ...
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Will be with Infosys as long required: Nilekani

Bengaluru, Aug 25, Nandan Nilekani, the co-founder of global software giant Infosys, on Friday said he will be with the company as its non-Executive Chairman till it was ...
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Real estate may turn around in India in 2017: Report

New Delhi, Aug 23 : Real estate in India may see a strong turnaround in 2017, as 55 per cent of 750 localities across 14 major cities witnessed ...
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RIL becomes biggest importer of US ethane in 2017

Mumbai, Aug 23 : The Mukesh Ambani-led Reliance Industries Ltd (RIL) on Wednesday announced that it has become the biggest importer of ethane from the US in 2017, ...
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Banmali Agrawala appointed President, Tata Sons

Mumbai, Aug 23 : Tata Sons, the holding company of industrial conglomerate Tata Group, on Wednesday announced the appointment of Banmali Agrawala as President of its infrastructure, defence ...
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CCEA approves closure of BWEL

New Delhi, Aug 23 : The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved the Railway Ministry’s proposal to close the Bharat ...
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India one of the top targets of web application attacks: Report

Bengaluru, Aug 23 : India ranks eighth among countries most frequently targeted for web application attacks and stands fifth on the list of source countries, with close to ...
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Infosys Murthy to interact with investors on Wednesday

Bengaluru, Aug 23 : A defiant Infosys Founder N.R. Narayana Murthy will interact with investors on Wednesday through a conference call to tell his version of the software ...
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TRAI signs deal with Malaysian Communications & Multimedia Commission

New Delhi, Aug 22 : The Telecom Regulatory Authority of India (TRAI) on Tuesday signed a letter of intent (LoI) with the Malaysian Communications and Multimedia Commission (MCMC) ...
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Telecom inter-ministerial group likely to finalise report by Aug 27

New Delhi, Aug 22 : The inter-ministerial group (IMG) set up to examine the issues affecting the health of the Indian telecom sector is expected to submit its ...
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NTPC to seek shareholders’ approval to raise Rs 15,000 cr

Mumbai, Aug 21 : Power utility major NTPC said that it plans to seek shareholders approval to raise Rs 15,000 crore through the issue of bonds, debentures on ...
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Essar Oil closes sale of company to Russia’s Rosneft for $12.9 bn

Mumbai, Aug 21 : Ruia brothers-led Essar Oil on Monday announced the closure of the company’s sale, including its Vadinar refinery, to Russian state-run Rosneft-led consortium for $12.9 ...
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Banking operations to hit on Aug 22 due to nationwide strike

Chennai, Aug 21 : Banking operations across the country will be affected on Tuesday with around 10 lakh bankers going on strike pressing various demands. “All India State ...
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‘352 km Mizoram NH to boost ties with Myanmar; provide new trade route’

New Delhi, Aug 21 : Aiming to strengthen India’s geo-strategic stand and transform the northeastern region into an economic powerhouse, the Centre has cleared a Rs 6,167 crore ...
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Digital advertising spend in India to touch Rs 9,700 crore by end-2017

New Delhi, Aug 21 : The digital advertising spend in India is expected to continue at a compound annual growth rate (CAGR) of 33 per cent to touch ...
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McDonald’s ends franchise pact with Connaught Plaza Restaurants

New Delhi, Aug 21 : McDonalds India on Monday announced it had terminated its franchise agreement with Vikram Bakshi’s Connaught Plaza Restaurants. The 169 restaurants operated by the ...
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Drone-like object spotted in Delhi, flight operations hit twice

New Delhi, Aug 21 : Flight operations at Delhi airport were briefly halted on Sunday evening after an AirAsia pilot reported sighting a drone-like flying object, sending security ...
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Steel consumption up 3.7% in July

Kolkata, Aug 19 : India’s steel consumption in July rose by 3.7 per cent to 6.905 million tonnes (mt) over corresponding month last year and exports in the ...
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Infosys buyback priced at Rs 1,150 per share

Bengaluru, Aug 19 : Global software major Infosys Ltd on Saturday announced it buy back 11.3 crore shares of Rs 5 face value at Rs 1,150 per share ...
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Involving start-ups in making a New India

India needs to be hundred times better than what she is today. It is satisfying to see that Prime Minister Narendra Modi is working hard to make a ...
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Huge opportunity in sustainable urbanisation in India: Amitabh Kant

New Delhi, Aug 19 : Niti Aayog CEO Amitabh Kant on Friday said that India has a “huge opportunity” to go in for sustainable urbanisation. According to the ...
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Infosys’ stocks plunge over 8% as Sikka quits

Mumbai, Aug 18 : Stocks of global software major Infosys plunged over eight per cent on Friday following the resignation of Vishal Sikka as its Chief Executive Officer ...
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Bengal seeks intervention on flights, fares after floods

Kolkata, Aug 18 : The West Bengal government on Thursday said it has sought the Civil Aviation Ministry’s intervention to increase the number of flights in the Kolkata-Bagdogra ...
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Vishal Sikka resigns as Infosys CEO, MD

Bengaluru, Aug 18 : Vishal Sikka on Friday resigned as Chief Executive Officer (CEO) and Managing Director (MD) of global software major Infosys Ltd, said the company. “The ...
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Assam’s country liquor gets branded, to be flavoured

Guwahati, Aug 17 : Here’s spirited news for tipplers in Assam who favour the raw and rustic country liquor over its refined cousin that goes by the IMFL ...
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Infosys to consider share buyback on Saturday

Bengaluru, Aug 17 : The Infosys Board of Directors will meet on Saturday to consider a proposal for buyback of its equity shares of Rs 5 face value, ...
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Massive Investment Boost to Indian Residential Sector in 2017

In Indian real estate today, the untrained eye may see a dichotomy in the massive investments pouring into the Indian residential sector and the actual on-ground demand for ...
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62 ongoing coal projects delayed: Coal India

Kolkata, Aug 16 : Coal India said on Wednesday that 62 coal projects, out of 120 ongoing projects, were not running on schedule mainly due to delay in ...
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Coal India to incur Rs 8,500 cr capital expenditure in 2017-18

Kolkata, Aug 16 : Coal India Ltd (CIL), which produces 84 per cent of the country’s total output of the mineral, has planned to invest Rs 8,500 crore ...
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GST demonstrates cooperative-competitive federalism: Modi

New Delhi, Aug 15 : The implementation of GST from last month is testimony to the strength of the spirit of “cooperative and competitive federalism” in the country ...
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Seven Indian companies among 200 in green energy revenues

New Delhi, Aug 15 : India is among the top 11 countries as seven of its companies are among a list of the 200 largest publicly traded entities ...
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Google announces voice search support for eight Indian languages

New Delhi, Aug 14 : Google on Monday launched voice search support for eight additional languages spoken in India, allowing people to use their voice to dictate queries ...
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NCLT approves RCOM-Aircel merger, Brookfield deal

New Delhi, Aug 14 : The National Company Law Tribunal (NCLT) on Monday passed an order allowing the Aircel-Reliance Communications merger and also the Brookfield Towers sale to ...
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Sahara’s Aamby Valley up for auction at Rs 37K cr

Mumbai, Aug 14 : In a major setback to the Subrata Roy-owned Sahara Group, the Bombay High Court on Monday put up its prestigious Aamby Valley property in ...
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Uniply Industries to sell plywood division

Chennai, Aug 12 : Wood products company Uniply Industries Ltd has decided to sell its plywood division and its Gujarat facility to its subsidiary UV Boards Ltd, the ...
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India’s industrial output lowers in June

New Delhi, Aug 11 : A decline in the manufacturing sector brought down in June, official data showed on Friday. The factory output, as per the new Index ...
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Tribunal approves demerger of home finance from Reliance Capital

Mumbai, Aug 11 : Financial services major Reliance Capital Ltd on Friday said the National Company Law Tribunal (NCLT) has approved the demerger of its home finance business. ...
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Passenger car sales up 9% in July

New Delhi, Aug 11 : Sales of domestic passenger cars increased by 8.52 per cent in July, as compared to the same period last year, data showed on ...
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GAIL Q1 net profit falls 23% to Rs 1,025 cr

New Delhi, Aug 11 : State-run gas transmission utility GAIL India on Thursday reported a 23 per cent fall in net profit for the first quarter of the ...
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Independent India – A Real Estate Perspective

In the 71 years since India gained independence, the country’s real estate market has changed tremendously. While it has not always been consumer-favouring throughout this period, it is ...
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Mittal Group explores investment avenues in Punjab

Chandigarh: Bharti Enterprises’ Rakesh Bharti Mittal has offered to take up more schools in Punjab to further boost quality education, while seeking an opportunity to set up a ...
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Amid RSS pressure, India swoops on cheaper Chinese Goods, more in the offing

New Delhi: Giving in to the pressure from Rashtriya Swayemsevak Sangh (RSS), the Central government has slapped ant-dumping duty on 93 products from China. Union Commerce and industry ...
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Bridgestone India to invest over $300mn in manufacturing plants

Pune, Aug 9 : Tyre major Bridgestone India on Tuesday announced its expansion plans which entail an investment of $304.3 million (Rs 1,900 crore). According to the company, ...
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JSPL’s Q1 consolidated loss falls to Rs 420 cr

New Delhi, Aug 9 : The Naveen Jindal-led Jindal Steel and Power Ltd (JSPL) on Tuesday announced a reduction in its consolidated loss to Rs 420.4 crore for ...
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Hrithik Roshan signs Rs 100 crore deal with Cure.fit

Bengaluru, Aug 8 : Health and wellness start-up Cure.fit announced on Tuesday Rs 100-crore partnership with Bollywood star Hrithik Roshan, who will promote Cure.fit through his lifestyle and ...
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Britannia plans its largest plant in Maharashtra

Kolkata, Aug 7 : FMCG major Britannia Industries plans to set up its largest plant at Ranjangaon Food Park in Maharashtra, company Chairman Nusli Wadia said on Monday. ...
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Divestment will open doors to better future for Air India: CMD

New Delhi, Aug 6 : Air India’s global expansion plans, along with the induction of more aircraft and pilots, would not be hindered by the government’s recent decision ...
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India’s bullish textile sector

India’s textile sector is fast emerging as one of the brightest spots of India economy. It is showing the elements of resurgence and never-before-seen vibrancy. It is the ...
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OMC targets to produce 20MT ore by 2019-20

Bhubaneswar, Aug 5 : The Odisha Mining Corporation (OMC) on Saturday said it has set a target to achieve highest ever production of eight million tonnes (MT) of ...
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Associate with us for technology exposure: ONGC chief

Kharagpur (West Bengal), Aug 5 : ONGC Chairman and Managing Director Dinesh K. Sarraf on Saturday invited students to associate with India’s largest oil and gas producer for ...
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Nikon India aims for Rs 1,200 crore revenue in 2017-18

New Delhi, Aug 5 : Smartphones with manual shooting modes, better sensors and more megapixels have already spelt doom for compact digital cameras (CDCs). Will smartphones replace digital ...
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Hyundai to export 60,000 units of new Verna

Chennai, Aug 4 : Car major Hyundai Motor India Ltd will ship out its new and high strength Verna sedan model starting later this year, an official said ...
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Berger’s subsidiary inks pact with NBCC

Kolkata, Aug 4 : Berger Paints’ step-down subsidiary Bolix S.A. of Poland has signed a pact with NBCC (India) Ltd for technology import in the construction of green ...
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Reliance Industries wins DuPont Operational Excellence Award

Mumbai, Aug 4 : Reliance Industries Limited (RIL) has been adjudged the Global Winner of ‘The DuPont Operational Excellence Award – 2017. The bi-annual DuPont Safety and Sustainability ...
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DGCA expresses concern over grounded IndiGo, GoAir aircraft

New Delhi, Aug 4 : Civil aviation regulator Directorate General of Civil Aviation (DGCA) on Thursday expressed concern over grounding of some A320neo aircraft of IndiGo and GoAir ...
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OMCs hike petrol pump dealers’ commissions

New Delhi, Aug 4 : State-run oil marketing companies (OMCs) have hiked commissions paid to fuel pump dealers by up to 43 per cent for petrol and by ...
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SC imposes 100% penalty on illegal mining in Odisha

Bhubaneswar/New Delhi, Aug 2 : In what could be a major blow to the mining companies involved in illegal operations in Odisha, the Supreme Court on Wednesday imposed ...
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Indian telecom market likely to cross Rs 6.6-trillion revenue

New Delhi, Aug 2 : Communications Minister Manoj Sinha on Wednesday said the Indian telecom industry has seen a paradigm shift from a voice centric market to a ...
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28% GST detrimental to tourism industry: Oberoi

Kolkata, Aug 2 : Hospitality major EIH Ltd, which runs hotels under ‘Oberoi’ and ‘Trident’ brands, on Wednesday said the new 28 per cent Goods and Services Tax ...
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‘CFOs optimistic about India’s resilience post-demonetisation’

New Delhi, Aug 2 : Optimism about India’s economic prospects have reached new heights as the country remains buoyant post-demonetisation and amid global uncertainties with the roll-out of ...
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US-India Strategic Partnership Forum to deepen India-US ties

New Delhi, Aug 2 : To further deepen business ties between India and the US, a new representative body called the US-India Strategic Partnership Forum (USISPF) is being ...
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Chinese brands hold 48% smartphone market share globally

New Delhi, Aug 2 : While overall global smartphone shipments grew 3 per cent Year-over-Year (YoY) reaching 365 million units in the second quarter of 2017, Chinese brands ...
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Maruti Suzuki’s July sales up over 20%

New Delhi, Aug 1 : Automobile major Maruti Suzuki India on Tuesday reported a rise of 20.6 per cent in its monthly sales for July 2017. According to ...
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Get CLU within 45 days in Haryana

Chandigarh: The Department of Town and Country Planning, Haryana, has decided that in case the application is complete in all respects, permission for change of land use (CLU) ...
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‘IRDAI missed early warning signals at Sahara India Life’

Chennai, Aug 1 : The Indian insurance regulatory authority seems to have clearly missed or misread the early warning signals of the happenings in private life insurer Sahara ...
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Haryana issues GST guidelines for officers for roadside checking

Chandigarh: Haryana government has issued guidelines for departmental officers for conducting roadside checking under Goods and Services Tax (GST) Act. A spokesman of Excise and Taxation Department said ...
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Tata Motors reduced pay of key executives in last fiscal

Mumbai, Aug 1 : Automobile major Tata Motors’ whole-time directors and key managerial personnel saw a downward revision in their remuneration during last fiscal, the company’s annual report ...
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RBI policy review, Q1 results to steer markets

Mumbai, July 30 : The Reserve Bank of India’s monetary policy review and the ongoing quarterly results season are expected to determine the trajectory of equity indices next ...
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NTPC Q1 net profit up 12%

Mumbai, July 29 : Power utility major NTPC on Saturday reported a 12 per cent rise in its standalone net profit for the first quarter (Q1) of 2017-18. ...
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ED attaches Rs 300 crore assets of Rose Valley group

New Delhi, July 29 : The Enforcement Directorate (ED) has attached Rs 300 crore assets of Rose Valley group in its ongoing probe against the chit fund company ...
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IRDAI says Sahara insurance siphoned off Rs 78 cr, transfers business to ICICI Pru

Chennai, July 29 : The Indian insurance regulator has said that Rs 78 crore was siphoned off by Sahara India Life Insurance Ltd in the name of security ...
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Britain to ban new gasoline, diesel cars from 2040

London, July 27 : Cars powered by gasoline or diesel fuels will be banned in Britain from 2040, the government announced. It is the toughest measure ever in ...
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Samsung’s Q2 net profit hits record high

Seoul, July 27 : South Korean tech giant Samsung Electronics on Thursday reported a second quarter net profit of 11 trillion won ($9 billion), up 89 per cent ...
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Regulatory blues: India’s 1st private reinsurer mulls licence surrender

Chennai, July 24 : Finding the reinsurance regulations illogical and an uneven playing field for a whopping investment of Rs 500 crore, India’s first private reinsurance company, ITI ...
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Mahindra Group to double US investment in next 5 years

New York, July 18 : Indian conglomerate Mahindra Group plans to double its investment in the US within the next five years, the group’s top executives have said. ...
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Demand for zero GST on textiles cannot be accepted: Jaitley

New Delhi, July 18 : Union Finance Minister Arun Jaitley on Tuesday said the demand of textile traders to exempt fabrics under the Goods and Services Tax (GST) ...
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Manufacturing sector lowest paid at Rs 211.7 an hour: Report

New Delhi, July 18 : Despite the government’s concentrated efforts towards making India a manufacturing hub, the median hourly salary in the manufacturing sector decreased by 16 per ...
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Eyeing untapped markets, Bata entering smaller towns

Kolkata, July 18 : Bata India is aggressively penetrating into footwear markets of tier III and IV cities in order to reach out to consumers in untapped markets, ...
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Massive investments to drive India logistics real estate growth

Thanks to fresh investments, supply and interest this sector, the Indian logistics industry is set to reach the next level. Although India is down the rungs on the ...
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Outlook for manufacturing improves slightly in Q1 2017-18: Survey

New Delhi, July 17 : Industry lobby Ficci on Monday said that India’s manufacturing sector outlook improved slightly during the first quarter (Q1) of the current fiscal. The ...
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GST Council may go for more rate revisions

New Delhi, July 17 : The Goods and Services Tax (GST) Council on Monday evening will hold a meeting through video-conferencing to discuss some rate revisions “which need ...
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Employability skills test launched for graduates

New Delhi, July 17 : India’s largest employability skills test, which will test employability of fresh graduates and share scores with prospective employers, has been launched across 29 ...
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GST registration closes on July 30

New Delhi, July 15 : The government on Saturday exhorted traders liable for registration under the Goods and Services Tax (GST) regime to do so at the earliest ...
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PM Modi wants envisage liberal India, can we afford this?

New Delhi, July 15 : Prime Minister Narendra Modi on Friday held a meeting with senior government functionaries to review the country’s current foreign direct investment (FDI) policy. ...
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Luxury phone-maker Vertu find no buyers for its high-end devices

London, July 15 : Britain-based luxury phone-maker Vertu, which rolled out jewel encrusted smartphones costing as much as $46,600 is not finding buyers for its devices, setting the ...
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BSNL launches ultra fast broadband services

Mumbai, July 14 : The Bharat Sanchar Nigam Ltd (BSNL) on Friday introduced state-of-the-art 100G Optical Transport Network (NG-OTN) across the country to provide Super Express Highways, in ...
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Centre’s plea on food processing units

Kolkata, July 14 : The Union Ministry of Food Processing Industries has requested the state governments to bring changes in land use for considering the food processing units, ...
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Infosys revenue outlook up despite flat growth in Q1

Bengaluru, July 14 : Beating the street estimates, global software major Infosys Ltd on Friday gave a marginally higher revenue outlook in dollar and rupee value for fiscal ...
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IBM, Automation Anywhere join hands for data-intensive processes

Bengaluru, July 14 : IBM and Automation Anywhere, a developer of robotic process automation software, on Friday collaborated to offer solutions to help industries streamline their data-intensive processes ...
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Haryana eyes top slot in ease of doing business

Chandigarh, July 13 : Haryana aims to be among top two states in terms of the ease of doing business rankings this year, Chief Minister Manohar Lal Khattar ...
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Reliance Capital receives 378 crore from Nippon Life

Mumbai, July 13 : Reliance Capital Ltd on Thursday said it has received Rs 378 crore from Nippon Life Insurance on the completion of increasing its stake to ...
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UK-based consumer durables company to set up 20 stores in India

Malmesbury (UK), July 13 : UK-based consumer durables giant Dyson plans to set up retail stores and research and development (R&D) facilities in India. “We want to invest ...
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Assocham cries foul over higher GST on bio-fertilisers, organic manures

New Delhi, July 12, 2017: The industry body Assocham has said that with the rollout of GST, select agriculture inputs like bio fertilisers, bio pesticides, bio control agents ...
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Godrej Locks to pass on GST benefits to consumers

New Delhi: Locking solutions major Godrej Locking Solutions and Systems has announced to pass on the benefit of GST to the consumers by suitably revising its wholesale and ...
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Congress to protest over GST outside Parliament on July 18

New Delhi, July 12 : Congress on Tuesday said that it will stage a protest against Goods and Services Tax in its present format outside Parliament on July ...
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Naveen seeks centre’s help for NINL’s survival

Bhubaneswar, July 12 : Odisha Chief Minister Naveen Patnaik on Tuesday requested Commerce and Industry Minister Nirmala Sitharaman to instruct MMTC to provide additional equity support for survival ...
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Amarinder meets PM, seeks support for industrial growth in Punjab

New Delhi: Punjab Chief Minister Amarinder Singh on Tuesday sought Prime Minister Narendra Modi’s support for encouraging industrial development in the state to revive its economy and create ...
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US IT firm ATCS expands, hires in India

New Delhi, July 11 : At a time when layoffs in the IT industry are dominating headlines, US-based IT solutions company Advanced Technology Consulting Service (ATCS) has announced ...
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Common service centres will give employment to 1 crore people: Prasad

New Delhi, July 11 : The Common Service Centres (CSC) programme has given employment to 10 lakh people in India and, in the near future, one crore people ...
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JNPT sees over 5% growth in container traffic

New Delhi, July 11 : India’s largest container port JNPT registered a growth of 5.11 per cent in container traffic in the first quarter of 2017-18, a statement ...
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Passenger car sales down 11% in June: SIAM

New Delhi, July 10 : Sales of domestic passenger cars decreased by 11.24 per cent last month as compared to the same period last year, data showed on Monday. ...
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Steel consumption grows 4.6%, exports up 66% in April-June

Kolkata, July 10 : India’s steel consumption grew by 4.6 per cent to nearly 21 million tonne in the first quarter of the current fiscal over the same period ...
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Small, medium firms will be more competitive with GST: Assocham

New Delhi, July 9 : The Goods and Services Tax (GST) will boost the competitiveness of micro, small and medium enterprises (MSMEs), the Associated Chambers of Commerce and Industry ...
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Jewar airport to reinvigorate Greater Noida housing sector: Industry

New Delhi, July 9 : With the decks being cleared for the construction of a second airport for the capital at Jewar in Uttar Pradesh, the residential segment in ...
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‘No GST official authorised to visit traders without permission’

New Delhi, July 8 : In view of reports that some people posing as GST officials were demanding money from traders, the government on Saturday said that no officer ...
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Submit documents by September 22, traders with provisional GST ID told

New Delhi, July 8 : Traders with Provisional Identity for Registration (PID) under the Goods and Services Tax (GST) system should submit the required documents by September 22 to ...
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Jaitley launches app to help users verify GST rates

New Delhi, July 8 : Finance Minister Arun Jaitley has launched a mobile app ‘GST Rates Finder’ to help any person who has purchased a footwear or has been ...
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Hills agitation hits Darjeeling tea, no stocks for auction after July 18

Kolkata, July 8 : Tea traders on Saturday apprehended there will be no stocks of Darjeeling tea available for auction after a scheduled sale on July 18, if supply ...
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CII innovation summit to focus on intellectual capital

Bengaluru, July 8 : The 13th edition of the Confederation of Indian Industry (CII) innovation summit in this tech hub on July 13-14 will be on the intellectual capital ...
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Punjab’s first maize based mega food park moves a step, foundation stone laid

Kapurthala, July 7 : Union Minister of Food Processing Industry Harsimrat Kaur Badal on Friday laid the foundation stone for the first maize based mega food park at Kapurthala, Punjab. Sadhvi Niranjan Jyoti, ...
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GST likely to be implemented in J&K

Srinagar, July 7 : The pan-India Goods and Services Tax (GST) regime is likely to be implemented in Jammu and Kashmir from Friday midnight ending all suspense and speculations ...
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France to ban petrol, diesel cars by 2040

Paris, July 7 : France is set to ban the sale of any car that uses petrol or diesel fuel by 2040, the media reported. On Thursday, Ecology Minister ...
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Samsung’s Q2 profit hits record high

Seoul, July 7 : Samsung Electronics, the world’s largest maker of semiconductors, smartphones and TVs, on Friday posted a record quarterly high of operating profit in the second quarter ...
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GST should have been capped at 18%: Chidambaram

New Delhi, July 6 Former Union Finance Minister P. Chidambaram on Thursday said seven, or more, rates under the Goods and Services Tax system was a “mockery of ...
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Synthetic sector cries foul over 18 pc GST on MMF and yarn

New Delhi: In order to revive synthetic sector in the country, J Thulasidharan, chairman, Confederation of Indian Textile Industry (CITI), has urged Finance Minister Arun Jaitley to reduce ...
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Wipro to make aerostructures with Israel Aerospace

Bengaluru, July 5 Coinciding with Prime Minister Narendra Modi’s visit to Israel, Wipro Infrastructure Engineering on Wednesday announced a strategic alliance with Israel Aerospace Industries (IAI) to make ...
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India’s manufacturing sector expansion slows in June: PMI

Mumbai, July 3 : India’s manufacturing sector’s expansion slowed last month due to weak demand, a key macro-economic data showed on Monday. The Nikkei India Manufacturing Purchasing Managers’ Index ...
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‘GST to reduce cost of manufacturing of domestic electronic components’

New Delhi, July 3 : The domestic manufacturers of electronic components will benefit from the Goods and Services Tax (GST) regime as the cost of manufacturing will be significantly ...
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Industry requires trained workforce to comply with GST, Brijesh Lohia

The entire logistics industry has been at unease regarding the compliance of E-way bill under the GST regime. We will require to train the workforce in operating GSTN ...
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Availing GST input on tax credit seems stringent for businesses in small towns, Mitesh Prajapati

“While, we support government’s initiative, but as small business owners, we are intimidated with technological dependence for abiding by the policy.  A  major setback for businesses in smaller ...
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No impact of GST on ready to move houses, Atul Chordia

GST will impact pricing for under construction properties but not the ready to move in products. Technically, it will have little or no impact on luxury real estate ...
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Smriti Irani, Vijay Bhai Rupani attend Indian Handloom show at India Textiles 2017

Gandhinagar, July 2 : Chief Minister of Gujarat Vijay Bhai Rupani, Union Textile Minister Smriti Irani and Secretary Textile Anant Kumar Singh attended the India Handloom Brand fashion show ...
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GST will boost revenue, positive for Indian credit profile: Moody’s

New Delhi, July 2 : The just effected Goods and Services Tax (GST) regime in India is positive for the country’scredit profile as it would increase government revenues through ...
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GST effect: Maruti Suzuki reduces vehicle prices by up to 3%

New Delhi, July 1 : Automobile major Maruti Suzuki India on Saturday said that it has passed on the entire benefit of GST (Goods and Services Tax) rates on ...
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Hyundai’s June domestic sales down 5.6%

New Delhi, July 1 : Automobile major Hyundai Motor India on Saturday reported a 5.6 per cent decline in its domestic sales for June 2017. According to the company, ...
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GST to impact micro, small and medium traders: Chidambaram

Chennai, July 1 : Former Union Finance Minister P. Chidambaram on Saturday said the Goods and Services Tax (GST) would severely affect micro, small and medium traders and the ...
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ONGC should shut operations in TN’s Thanjavur

Chennai, July 1 : Political party leaders have asked the Oil and Natural Gas Corporation Ltd (ONGC) to shut its operations in Tamil Nadu’s Thanjavur district following police action ...
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10% customs duty on mobiles, hike on more items likely

New Delhi, July 1 : In a bid to protect local manufacturers, the government has imposed a 10 per cent basic customs duty (BCD) on cellular mobile phones and ...
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Microsoft to buy Israeli cloud management firm

New York, June 30 : Microsoft has said it will acquire Israel-based cloud management company Cloudyn. “Microsoft has signed a definitive agreement to acquire Cloudyn, an innovative company that ...
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IndiGo interested in Air India, others might follow

New Delhi, June 29 : A day after the Union cabinet gave its in-principle approval for Air India’s divestment, Civil Aviation Minister Ashok Gajapathi Raju said that the budget ...
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Rice millers seek exemption for branded rice under GST

Chandigarh, June 29 : Taxing registered packed rice by 5 per cent under the Goods and Services Tas (GST) and providing exemption to unregistered packed rice will make ...
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India not much affected by global malware attack yet: Prasad

New Delhi, June 28 : The government on Wednesday said it has started proactive measures to keep the country insulated from the latest round of ransomware attack, which has ...
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Mumbai container port hit by cyber attack

New Delhi, June 28 : The government on Wednesday said operations at one of the container terminals at Mumbai’s Jawaharlal Nehru Port Trust (JNPT) port was impacted due to ...
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BHEL bags order for 15 MW solar photovoltaic power plant

New Delhi, June 27 : State-run BHEL on Tuesday said that it has secured an order for setting up a 15 megawatt (MW) solar photovoltaic (SPV) power plant on ...
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Modi invites Ivanka Trump to lead US delegation in India

Washington, June 27 : Prime Minister Narendra Modi on Monday invited Ivanka Trump, daughter of US President Donald Trump to India, to lead the US delegation of entrepreneurs. An ...
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EU to slap Google with record-breaking fine on Tuesday: Report

London, June 27 : The European Union is slated to announce on Tuesday the imposition of a record-breaking fine of more than 1.1 billion euros, or nearly $1.2 billion, ...
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USIBC launches India task force on civil aviation

New Delhi, June 26 : The US-India Business Council (USIBC) on Monday launched a task force on civil aviation that will focus on identifying opportunities for implementation based on ...
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Modi invites US business, says GST will ease way

Washington, June 26 : Prime Minister Narendra Modi made his most compelling invitation to American business to invest in India, telling them that the Goods and Services Tax (GST) ...
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GST will bring bring prices down: Parrikar

Panaji, June 26 : Implementation of GST will benefit the general consumer, as it will lessen the tax burden on goods, but in the early period of implentation, the ...
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Government postpones provision relating to TDS, TCS under GST

New Delhi, June 26 : The government has postponed the provision relating to Tax Deduction at Source and Tax Collection at Source under the GST, ahead of its July ...
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Japanese airbag manufacturer files for bankruptcy

Tokyo, June 26 : Japanese airbag manufacturer Takata has filed for bankruptcy protection in a court in Tokyo and the US after multimillion-dollar losses caused by defective devices, the ...
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Hyundai to recall over 43,700 cars in China

Beijing, June 25 : Hyundai Motor Company will recall 43,764 of its vehicles in China over a fault which may lead to potential engine failures, quality control watchdog announced ...
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Techies ask Karnataka IT minister to prevent layoffs

Bengaluru, June 24 : Members of the Information Technology Employees’ Union (ITEU) on Saturday sought the intervention of Karnataka’s IT Minister Priyank Kharge to prevent illegal layoffs by software ...
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Karnataka urged to open tourism office in Tokyo

Bengaluru, June 23 : Consul General of Japan Takayuki Kitagawa on Friday urged the Karnataka government to open a full-fledged Tourism Information Office in Tokyo. “The Japanese government has ...
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‘GST enforcement to be lenient initially for genuine mistakes’

New Delhi, June 23 : The government announced on Thursday it will be lenient in enforcing penal laws for violations during the initial period of implementation of Goods and ...
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Telecom companies meet minister on stressed health of industry

New Delhi, June 22 : The much-awaited meeting between the government and the telecom companies to evolve a resolution to the stressed health of the sector was held here ...
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Darjeeling shutdown hits tea industry’s production, revenue

Kolkata, June 22 : The Darjeeling tea industry is expected to lose 20 per cent of its premium quality annual production and 40 per cent of its revenue due ...
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Still need few weeks for fully functional solution, say GST Suvidha Providers

New Delhi, June 22 : Hoping for a smooth ride for companies under the Goods and Services Tax regime, GST Suvidha Providers (GSPs) have said that the two-month extension ...
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Reliance Defence delivers newly built Panamax bulk carrier

Mumbai, June 22 : Ship building and repair infrastructure major Reliance Defence and Engineering Limited (RDEL) on Thursday said it has built and delivered an “Ice-class Panamax Bulk Carrier” ...
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Kochi IOC LPG terminal project won’t be dropped: Vijayan

Thiruvananthapuram, June 21 : The Indian Oil Corporation’s (IOC) LPG import terminal at Puthuvypeen in Kochi will not be dropped despite the strong protests against it in the area ...
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Reliance Defence enters into partnership with Yugoimport of Serbia

New Delhi, June 20 : Reliance Infrastructure (RInfra) promoted Reliance Defence Ammunition has entered into a strategic partnership with Yugoimport of Serbia for ammunition manufacturing in India, a company ...
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Infosys veterans launch new age solution for GST regime

Bengaluru, June 20 : Infosys veterans on Tuesday launched GSTSTAR, a comprehensive solution catering to Goods and Services Tax (GST) regime needs of businesses, professionals and large organisations. “It ...
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GST to be launched June 30 midnight in Parliament Central Hall

New Delhi, June 20 : The Goods and Services Tax (GST) regime will be launched on the midnight of June 30 at the Central Hall of Parliament, Finance Minister ...
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US group wants ban on sale of smartphone to kids under 13

New York, June 20 : To bar kids from being addicted to the smartphones, a group in the US state of Colorado has sought ban on sale of the ...
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S. Korea plans to build liquefied natural gas plants in Iran

Tehran, June 19 : South Korea will build small-scale liquefied natural gas (Mini-LNG) plants in Iran to meet energy needs in remote areas of the country, media reports said. ...
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IDBI Bank asked to begin insolvency resolution on Lanco lnfratech

Mumbai, June 18 : Infrastructure major Lanco lnfratech (LITL) on Saturday said that the Reserve Bank of India (RBI) has directed its lead lender IDBI Bank to initiate corporate ...
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Fire insurance premium may rise after July 1

Kolkata, June 18 : The premium for fire insurance may increase from July 1, as insurance companies may revise prices of their products based on the reference rates prepared ...
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Two more airlines bar TDP MP Reddy

New Delhi, June 16 : Two more airlines — AirAsia and Vistara — have barred TDP MP J.C. Diwakar Reddy, a day after he allegedly misbehaved with IndiGo staff ...
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EU scraps mobile phone roaming charges

Brussels, June 16 : The European Union (EU) has enacted a legislation ending roaming fees for mobile phone users across the 27-member bloc. “You will not have roaming charges ...
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Tesla seeking relief’ on indian import penalties

New Delhi, June 16 : Electric automobile manufacturer Tesla’s CEO Elon Musk on Thursday said that it is in discussion with the Indian government for a temporary relief on ...
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Council to discuss revision of GST rates on more items

New Delhi, June 15 : The Goods and Services Tax Council will hold its next meeting, chaired by Finance Minister Arun Jaitley, here on June 18 to discuss revision ...
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Telecom operators suggest creating data, voice floor price to regulator

New Delhi, June 15 : At a time when the telecom industry has witnessed a lot of free data and voice offers, telecom service providers on Thursday suggested to ...
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We’re aiming Rs 2,000 cr turnover in India this year: Panasonic

New Delhi, June 14 : Riding on a robust distribution network that takes care of 80 per cent of its smartphone business in India, Japanese technology firm Panasonic aims ...
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Intel investing Rs 1,100 cr in India afresh

Bengaluru, June 14 : World’s leading chip maker Intel Corporation is investing Rs 1,100 crore ($170 million) in India to set up a new Research and Development (R&D) centre ...
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68% of 51 mn small, medium businesses run offline

Kolkata, June 13 : Around 68 per cent of the 51 million Small and Medium Businesses (SMBs) in the country are offline, said Shalini Girish, Director, Marketing Solutions, Google, ...
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CBI arrests company promoters, bank official in fraud case

New Delhi, June 13 : The CBI on Tuesday said it has arrested Abhijeet Group promoters — Manoj Jayaswal and Abhishek Jayaswal — and a former Canara Bank Deputy ...
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Rashesh Shah to lead FICCI delegation to S. Korea, accompanying Jaitley

New Delhi, June 13 : To enhance bilateral economic engagement and business co-operation between India and South Korea, FICCI’s Senior Vice President Rashesh Shah will lead a high-powered business ...
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USFDA approves Sun Pharma’s generic ezetimibe tablets

Mumbai, June 13 : Drug major Sun Pharmaceutical Industries on Tuesday announced that one of its wholly owned subsidiaries has received final approval from the US Food and Drug ...
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Government initiates first survey on services sector

New Delhi, June 13 : The government has initiated a survey on the services sector for the first time, aiming to get accounting data from service establishments on the ...
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Administrator appointed for Sahara India Life Insurance

Chennai, June 13 : In a first order of its kind order, India’s insurance regulator on Monday appointed an administrator to manage the affairs of private life insurer Sahara ...
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Four telecom firms meet government panel to discuss sector’s health

New Delhi, June 12 : Four telecom companies — Reliance Jio, Reliance Communications, Aircel and Tata Teleservices — on Monday met the inter-ministerial group (IMG) formed to look into ...
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‘Rebate on garments exports likely to change in GST’

Kolkata, June 12 : The scheme for Rebate of State Levies (RoSL), which aims at making garment exports competitive in the international market, is expected to undergo some changes ...
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4G tablets to constitute 50% market share in 2017

New Delhi, June 12 : The 4G tablets segment will constitute 50 per cent of the market by the end of this year, market research firm CyberMedia Research (CMR) ...
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TCS, Intel to provide market-ready solutions for firms to go digital

Mumbai, June 12 : In a bid to address the rapidly-evolving digital transformation requirements in global markets including in India, Tata Consultancy Services (TCS) on Monday announced a new ...
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Indian electronics market expected to reach $400 bn

New Delhi, June 12 : The demand for electronic products in India is expected to grow at a compound annual growth rate (CAGR) of 41 per cent during 2017-20 ...
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Strike begins in Bengal’s tea gardens

Kolkata, June 12 : The joint forum of trade unions of the tea industry in north Bengal on Monday began a two-day industrial strike, demanding implementation of minimum wages ...
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GST will help in e-commerce export, but clarity on policy needed: Stakeholders

New Delhi, June 12 : Though e-commerce players are expecting a surge in exports after the roll-out of India’s landmark Goods and Services Tax (GST) reform, industry stakeholders feel ...
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CEA an ‘outsider-insider’ giving valued advice: Jaitley

New Delhi, June 11 : Chief Economic Advisor (CEA) Arvind Subramanian by virtue of his background is an “outsider” to the government whose independent advise on the economic realities ...
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Minister bats for secondary steel producers

Union Steel Minister Chaudhary Birender Singh has promised all support to secondary steel producers, while terming them as pride of the country. Singh, who was speaking at the national conference ...
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New liquor policy, digital initiatives will boost tourism: Kerala Minister

Kochi, June 9 : Kerala Tourism Minister Kadakampally Surendran on Friday said the new liquor policy and the use of digital platforms will boost tourism in the state. “Kerala ...
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Centre proposes Water Transport Corporation

Chennai, June 9 : The central government has proposed forming a Water Transport Corporation in cooperation with the Tamil Nadu government and has committed Rs 200 crore, Union Minister ...
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Passenger car sales up 5% in May: SIAM

New Delhi, June 9 : Domestic passenger car sales went up by 4.80 per cent last month as compared to the same period last year, industry data showed on ...
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India’s seafood exports at record high, up 23%

New Delhi, June 7 : Riding a robust demand for its frozen shrimp and fish, India exported 11,34,948 tonnes of seafood worth $5.78 billion (Rs 37,870.90 crore) in 2016-17, ...
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Malaysia to apply tourism tax from August

Kuala Lumpur, June 7 : The Malaysian authorities are planning to collect a tourism tax from overnight stay surcharge in any type of accommodation in the country from August, ...
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Vodafone to pull advertisements from fake news websites

London, June 7 : In a bid to prevent its advertisements from appearing on websites that publish fake news or promote hate speech, Vodafone has decided to stop giving ...
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Jio helped India reach 15th spot in 4G availability

New Delhi, June 7 : Thanks to the Jio launch that attracted 100 million subscribers in its first six months, India has reached 15th spot in the 4G availability ...
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Indian millennials feel AI can bring global peace

New Delhi, June 7 : When it comes to achieving global peace and addressing social causes via technology, Indian millennials look forward to embracing artificial intelligence (AI) that can ...
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Kaspersky files complaints against Microsoft

New York, June 7 : Russian security software firm Kaspersky Lab has filed anti-trust complaints with the European Commission and the German Federal Cartel Office against Microsoft for promoting ...
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US-India Business Council delegation meets Adityanath

Lucknow, June 6 : A delegation of the US-India Business Council called on the Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday and discussed the possibilities of a closer ...
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CAIT launches GST platform for traders

New Delhi, June 6 : The Confederation of All India Traders (CAIT) on Tuesday said it has launched a business solution, “BizGuru”, for seamless transition of traders to the ...
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Australian to push for free trade at Paris OECD meet

Canberra, June 6 : Australian Trade Minister Steve Ciobo on Tuesday said he will push for greater trade liberalization at the Organisation for Economic Co-operation and Development (OECD) meeting ...
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Waste recycling can contribute to Indian economy: Packaging Association for Clean Environment

New Delhi, June 5 : Promoting waste recycling, PET Packaging Association for Clean Environment (PACE) on Monday urged the people to always segregate recyclable waste from the general waste, ...
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Ola Share registers 500% growth in one year

New Delhi, June 5 : Delhi-based cab aggregator Ola on Monday announced that its shared mobility offering Ola Share has registered 500 per cent growth in the last one ...
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Gulf rift pushes oil price

Dubai, June 5 : The price of oil gained over 1 per cent while stock prices in the Gulf retreated across the board after Saudi Arabia, the UAE, Bahrain, ...
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TN to hold global investors meet in 2018

Chennai, June 3 : Tamil Nadu Chief Minister K. Palaniswami on Saturday said the state would hold its second global investors conference in 2018. Speaking at the third Southern ...
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Maruti Suzuki’s May sales up 11 per cent

New Delhi, June 1 : Automobile major Maruti Suzuki India on Thursday reported a rise of 11.3 per cent in its monthly sales for May 2017. According to the ...
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Ministry will process Niti Aayog report on Air India sale: Jaitley

New Delhi, June 1 : The Niti Aayog has given its recommendations on the government disinvesting stake in Air India to the Civil Aviation Ministry, which will take a ...
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Ashok Leyland sales down by 8% in May

Chennai, June 1 : Commercial vehicles major Ashok Leyland Ltd on Thursday said its sales in May were down by eight per cent. In a statement here, Ashok Leyland ...
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India’s manufacturing sector expansion eases in May: PMI

Mumbai, June 1 : India’s manufacturing sector output slowed down last month due to a softer expansion in new orders and production, a key macro-economic data showed on Thursday. ...
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Government ‘manufacturing issues’ to distract from falling growth: Rahul

New Delhi, June 1 : Congress Vice-President Rahul Gandhi on Thursday slammed the government over the “falling GDP” and “rising unemployment”, and accused it of “manufacturing” other issues to ...
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Demonetisation hits government IT spending

Mumbai, June 1 : There will be a 2 per cent drop in the Indian government’s IT spending this year due to demonetisation and a drop in industrial production, ...
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Uber brings ‘Compliments’ feature to India

New Delhi, June 1 : Ride-hailing app Uber on Thursday launched ‘Driver Compliments’ feature in India, empowering riders to acknowledge and encourage good behaviour of the drivers. “Last month, ...
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‘Combination of factors can help India become electronics manufacturing global hub’

New Delhi, May 31 : A combination of push and pull factors like minimum professional charges, low manufacturing costs together with a huge population and vast geographical area can ...
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IAMAI to set up 1st mobile app incubator in Kozhikode

Kozhikode (Kerala), May 31 : The Internet and Mobile Association of India (IAMAI) will set up their third incubator and the first one in the mobile app sector at ...
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Cholamandalam insurance raises Rs 100 cr through debenture

Chennai, May 31 : City based private non-life insurer Cholamandalam MS General Insurance Company Ltd on Wednesday said it has raised Rs 100 crore by privately placing 1,000 unsecured ...
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Indian tablet market declined 28% in Q1 2017: IDC

New Delhi, May 31 : The tablet shipments in the consumer segment declined 28 per cent in the first quarter of 2017 compared with the same period last year, ...
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Panasonic launches Eluga I3 Mega with 4,000mAh battery

New Delhi, May 31 : Panasonic India on Wednesday launched a new Eluga I3 Mega smartphone that comes with a massive 4,000mAh battery. Priced at Rs 11,490, the device ...
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DIPP demands Rs. 1600 crore to boost startups

Five M’s (money, material, method, machine and manpower) are pre-requisite for any Startup to be a successful commercial venture. One of key challenges faced by new entrepreneurs in ...
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‘Indian online education industry to hit $1.96 bn by 2021’

New Delhi, May 30 : With increased internet penetration amid a surge in smartphone ownership, the online education industry in India is poised to hit $1.96 billion by ...
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Northeastern states can be favoured tourist destinations: Sangma

New Delhi, May 30 : Meghalaya and other north-eastern states can collectively become one of the most favoured tourist destinations, has said. “The huge diversity of the region, ...
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Will cooperate with CBI on Air India probe: Minister

New Delhi, May 30 : Civil Aviation Minister Ashok Gajapathi Raju on Tuesday said his ministry will fully cooperate with a CBI probe into alleged corruption and mismanagement ...
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All-India strike by 8.50 lakh chemists successful: AIOCD

Mumbai, May 30 : Around 8.50 lakh retail chemists, druggists and pharmacies on Tuesday went on a daylong strike all over India in support of their various demands, ...
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