Monday, September 23, 2019
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BUSINESS

Coffee Day sells GV Techpark for Rs 2,700 crore to trim debt
Mumbai (Maharashtra) | September 18, 2019 12:41:26 PM IST
Coffee Day Enterprises Ltd (CDEL) has executed definitive agreements with entities belonging to Blackstone Group and the Salarpuria Sattva Group for investment in GV Techparks Private Limited, a wholly-owned subsidiary of group company Tanglin Development ... read..


SEBI restrains CG Power's ex-Chairman Gautam Thapar from accessing securities market
Mumbai (Maharashtra) | September 18, 2019 11:41:26 AM IST
Fraud-hit CG Power and Industrial Solutions said on Wednesday that the Securities and Exchange Board of India (SEBI) has debarred its ousted Chairman Gautam Thapar from accessing the capital market for several alleged irregularities, including diversion o ... read..


Talcher Fertilisers awards coal gasification contract to Wuhuan Engineering of China
New Delhi | September 18, 2019 11:11:26 AM IST
Talcher Fertilisers Ltd (TFL) has awarded a lump-sum turnkey contract to Wuhuan Engineering of China for implementing its coal gasification unit for production of ammonia and urea. ... read..


Lobby groups, trade unions slug it out on e-cigarettes ban
New Delhi | Wednesday, 2019 10:50:54 AM IST
Supporters of a ban on e-cigarettes and those lobbying for their sale in the country have come face-to-face. ... read..


Indian Technomac assets to be auctioned: Himachal HC
Shimla | Wednesday, 2019 10:50:54 AM IST
The Himachal Pradesh High Court on Tuesday refused to stay the auction of assets worth Rs 288.91 crore of Indian Technomac Company Ltd and its promoters in a case relating to a bank fraud. ... read..


Wipro engineering arm, BEML in pact for defence projects
Bengaluru | Wednesday, 2019 10:50:54 AM IST
Global software major Wipro's Infrastructure Engineering arm on Tuesday entered into a strategic partnership with the state-run Bharat Earth Movers Ltd (BEML) to jointly bid for defence projects in areas, like aerospace, industrial automation, 3D printing ... read..


Kochi's Maradu flats demolition: Kerala to approach SC
Thiruvananthapuram | Wednesday, 2019 10:50:54 AM IST
Following an all party meeting here on Tuesday to discuss the Supreme Court order to demolish five flats at Maradu in Kochi, the Kerala government has decided to approach the apex court again, it was announced. ... read..


India to become $10 trillion economy by 2030-32: Rajnath
New Delhi | Wednesday, 2019 10:50:54 AM IST
Defence Minister Rajnath Singh said in New Delhi on Tuesday that the goal of the government is to make India a $10 trillion economy by the year 2030-32. ... read..


Blackstone Group's Rs 2,700 cr deal to buy Coffee Day techpark
Mumbai | Wednesday, 2019 10:50:54 AM IST
Blackstone Group along with Salapuria Sattva Group has signed a definitive agreement to purchase the Global Village TechPark of debt-laden Coffee Day Enterprises' subsidiary Tanglin Development Ltd at an enterprise value of Rs 2,700 crore. ... read..


Amazon, Flipkart festival sales violate FDI norms: CAIT
New Delhi | Wednesday, 2019 10:50:54 AM IST
Reiterating its demand for ban on festival sales by Amazon and Flipkart, the Confederation of All India Traders (CAIT) on Tuesday said that the two e-commerce majors are flouting the norms for foreign direct investment (FDI) by carrying out festival sales ... read..


Salve blames SC for economic slowdown
New Delhi | Wednesday, 2019 10:50:54 AM IST
Senior advocate Harish Salve has blamed the Supreme Court for pushing the country into the economic slowdown, citing its judgements in the 2G spectrum case. ... read..


Equity gauges flat in volatile trading, auto stocks lose further
Mumbai (Maharashtra) | September 18, 2019 10:41:26 AM IST
Equity benchmark indices were largely flat during early hours on Wednesday despite positive global cues as crude oil prices cooled. ... read..


US stocks rise slightly amid Fed meeting, economic data
New York | Wednesday, 2019 10:15:05 AM IST
US stocks finished with modest gains on Tuesday amid the Federal Reserve's key monetary policy meeting and a slew of economic data. ... read..


Praneel Dewan with his initiative on changing the fate of Thalassemia in the city
| September 18, 2019 8:41:25 AM IST
New Delhi [India] Sept 18 (ANI/NewsVoir): Young students today are picking up noble causes to increase awareness by going around the city sensitising people about it. Marking his career with a difference is Praneel Dewan- a dynamic hero from Modern School ... read..


RSS affiliate wants to curb surge pricing of Uber, Ola
New Delhi | Wednesday, 2019 5:15:06 AM IST
Swadeshi Jagaran Manch, a key RSS affiliate, has declared war on 'surge pricing' by cab aggregators like Uber and Ola. ... read..


ED attaches Moin Qureshi's Delhi farm house, Bikaner fort
New Delhi | Wednesday, 2019 5:15:06 AM IST
The Enforcement Directorate (ED) on Tuesday said that it has attached the properties of controversial meat exporter Moin Qureshi including a farm house in Delhi and an old fort in the border town of Rasjasthan's Bikaner worth Rs 9.35 crore. ... read..


Govt may announce more fiscal measures to spur demand
New Delhi | Wednesday, 2019 5:15:05 AM IST
Finance Minister Nirmala Sitharaman is set to announce more fiscal measures in the coming days, though the contours of those have not being disclosed, however, sources said infrastructure could be an area of action. ... read..


'Pedo guy' means 'creepy old man': Musk
San Francisco | Wednesday, 2019 5:15:05 AM IST
Tesla founder Elon Musk has said that he didn't mean to insult a Thai cave rescue diver by calling him a 'pedo guy' as in South Africa it simply means a 'creepy old man'. ... read..


Trains to be more silent and eco-friendly with HOG system
New Delhi | Wednesday, 2019 4:45:05 AM IST
Travelling in trains will become more silent and eco-friendly, as the Indian Railways is going to replace the two generator cars placed on either side of the trains with Head On Generation (HOG) system. ... read..


SC seeks status report in coal block cases
New Delhi | Wednesday, 2019 4:45:05 AM IST
The Supreme Court on Tuesday asked the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) to submit a status report on the probe and ongoing trial in the coal block allocation case. ... read..


India certain to become $5 trillion economy by 2024: Shah
New Delhi | Wednesday, 2019 4:15:05 AM IST
Expressing "certainty" that India would be a $5 trillion economy by 2024, Union Home Minister Amit Shah on Tuesday clarified that the current growth slowdown is "temporary" and only caused by "global factors". ... read..


China's Wuhuan Engineering bags Talcher Fertilizers' contract
New Delhi | Wednesday, 2019 3:15:05 AM IST
Talcher Fertilizers Ltd (TFL) has awarded a Lump Sum Turn Key (LSTK) contract to Wuhuan Engineering of China, for implementing its coal gasification and ammonia and urea packages. ... read..


Bhubaneswar airport to remain partially shut for 8 months
Bhubaneswar | Wednesday, 2019 2:45:05 AM IST
The Biju Patnaik International Airport here will remain partially closed for eight months due to the runway re-carpeting work, said an official on Tuesday. ... read..


CG Power scam: SEBI bars Gautam Thapar from stock markets
Mumbai | Wednesday, 2019 2:45:05 AM IST
Days after the revelation of fraud at CG Power, market regulator Sebi on Tuesday restrained the company's former Chairman Gautam Thapar and some other board members from accessing the securities market and ordered the appointment of an independent auditor ... read..


Odisha's revenue collection up by 7% till August
Bhubaneswar | Wednesday, 2019 2:45:05 AM IST
Odisha has registered a 7 per cent increase in revenue collection up to August during the 2019-20 financial year, said an official on Tuesday. ... read..


'Delhi's Entrepreneurship Curriculum to deal with slowdown'
New Delhi | Wednesday, 2019 2:45:05 AM IST
Delhi Finance and Education Minister Manish Sisodia on Tuesday said his government's 'Entrepreneurship Mindset Curriculum' will help in dealing with joblessness, economic slowdown and unemployment. ... read..


Groups trying to mislead on e-cigarette ban: Farmers' body
New Delhi | Wednesday, 2019 2:45:05 AM IST
Demanding a ban on e-cigarettes and 'vaping' products, the Federation of All India Farmer Associations (FAIFA) on Tuesday said that certain parties are trying to mislead policy makers and are causing confusion with the propaganda that banning e-cigarettes ... read..


CDE to sell Tech Park to Blackstone for Rs 2,700 cr (Lead)
Bengaluru | Wednesday, 2019 2:45:05 AM IST
The board of Coffee Day Enterprises (CDE) on Tuesday approved selling Global Village Tech Park of its subsidiary Tanglin Developments Ltd (TDL) in the city to the US-based private equity firm Blackstone and Salarpuria Sattva Group for Rs 2,700 crore. ... read..


Airtel Payments Bank launches 'Bharosa' savings account
New Delhi | Wednesday, 2019 2:15:05 AM IST
Airtel Payments Bank here on Tuesday launched "Bharosa" savings account services, designed for deepening the financial inclusion in the country. ... read..


Assam FM Sarma for uniform GST rate on lotteries
New Delhi | Wednesday, 2019 1:45:05 AM IST
Days before the meeting of the GST Council, Assam Finance Minister Himanta Biswa Sarma has disapproved of differential rates for lotteries saying it was hurting northeastern states. ... read..


EPFO to credit interest into 6 cr EPF accounts soon
New Delhi | Wednesday, 2019 1:15:05 AM IST
Labour Minister Santosh Gangwar on Tuesday said that over 6 crore EPFO members will get 8.65 per cent interest for 2018-19. ... read..


Foxconn country head calls on Andhra CM
Amaravati | Wednesday, 2019 1:15:05 AM IST
Foxconn International Holding's Country Head and Managing Director Josh Foulger met Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy, here on Tuesday, and said it was planning to increase production. ... read..


Use of AI to boost tourism in India
Kochi | Tuesday, 2019 11:45:05 PM IST
A major international summit here next week will take up use of artificial intelligence (AI) and other technologies in the tourism industry. ... read..


Ex-IMF chief Lagarde wins EU approval to lead ECB
Paris | Tuesday, 2019 11:45:05 PM IST
Members of the European Parliament (MEPs) approved the recommendation of Christine Lagarde as the new head of the European Central Bank (ECB) in a plenary vote on Tuesday. ... read..


Oil shock: Sensex loses 642 points, auto, banks worst hit (Lead)
Mumbai | Tuesday, 2019 11:45:05 PM IST
Indian equities plunged on Tuesday after the weekend attacks on Saudi Arabias oil facilities resulted in the suspension of nearly 6 per cent of the worlds crude production, sending shock waves across global financial markets. ... read..


Why you shouldn't take major decisions on an empty stomach
London | Tuesday, 2019 11:15:06 PM IST
Whether you are going for a crucial business deal or salary negotiation for your new job, make sure you do not take major decisions on an empty stomach, suggests new research. ... read..


Oil firms maintain check, petrol-diesel prices may not spike
New Delhi | Tuesday, 2019 11:15:06 PM IST
Consumers in India are unlikely to be overburdened with high retail price of auto fuels - petrol and diesel - following a spike in international crude prices that rose 19 per cent on Monday. ... read..


ED attaches eBIZ.Com's Rs 277 crore assets
New Delhi | Tuesday, 2019 10:45:05 PM IST
The Enforcement Directorate on Tuesday attached Rs 277.97 crore assets of Noida-based eBIZ.COM Pvt Ltd and others in a "pyramid style" multi-level marketing fraud, the ED said. ... read..


Amazon launches new fulfilment centre in Maharashtra
Mumbai | Tuesday, 2019 10:45:05 PM IST
Expanding its infrastructure footprint in Maharashtra, e-commerce major Amazon announced the launch of new fulfilment centre near Bhiwandi, here on Tuesday. ... read..


Apple can change India's manufacturing scenario: Minister
New Delhi | Tuesday, 2019 10:45:05 PM IST
The government sees iconic companies like Apple and large consumer goods makers like Samsung as big players in electronics who can change the face of manufacturing in India, Minister of State for IT and Telecom Sanjay Shamrao Dhotre has said. ... read..


PMLA tribunal releases 63 moons' assets attached by ED
Mumbai | Tuesday, 2019 10:15:05 PM IST
In a major relief to fintech firm 63 moons, the Prevention of Money Laundering Act (PMLA) Appellate Tribunal on Tuesday ordered the release of the company's assets which were attached by the Enforcement Directorate (ED), 63 moons said in a statement. ... read..


Odisha distributes 170.50 cr to ineligible beneficiaries
Bhubaneswar | Tuesday, 2019 10:15:05 PM IST
The Odisha government has distributed an assistance of about Rs 170.50 crore to 3.41 lakh ineligible beneficiaries under the KALIA scheme, said the state's Agriculture Minister Arun Sahoo on Tuesday. ... read..


SBI Caps, PNB Investment among bidders for TCIL, FAGMIL, WAPCOS
New Delhi | Tuesday, 2019 9:45:05 PM IST
SBI Capital, IDBI Capital, SMC Capital, PNB Investments and Elara Capital are in the fray for becoming the book running lead managers (BRLMs) to the Initial Public Offers (IPOs) of TCIL and FAGMIL and WAPCOS, sources here said on Tuesday. ... read..


Jio tops download, Vodafone upload speed in August: TRAI
New Delhi | Tuesday, 2019 9:15:05 PM IST
Reliance Jio has topped the 4G download speed chart while Vodafone in upload in August, as per the TRAI speedtest for the month. ... read..


SAIL allowed to sell iron ore from captive mines
New Delhi | Tuesday, 2019 9:15:05 PM IST
In a big reform initiative, government has allowed state-owned Steel Authority of India Ltd (SAIL) to sell 25 per cent of its iron ore production from captive mines and dispose off other low grade iron ore dust and fines accumulated over the years in the ... read..


Dalal Street nervous over oil, Sensex tanks 600 pts
Mumbai | Tuesday, 2019 9:15:05 PM IST
Sensex fell nearly 600 points shortly before close on Tuesday following sharp rise in oil prices globally which continued to send shock waves across financial market. ... read..


Mamata to raise bank merger, PSU issues with Modi
Kolkata | Tuesday, 2019 8:45:05 PM IST
Describing her trip to Delhi to meet Prime Minister Narendra Modi as "routine" and a "constitutional obligation", West Bengal Chief Minister Mamata Banerjee on Tuesday said she would raise the issue of bank merger, BSNL salary issues and disinvestment of ... read..


Congress demands CAG audit into KIFBI and Kannur airport
Thiruvananthapuram | Tuesday, 2019 8:45:05 PM IST
The Congress party in Kerala has approached the Governor Arif Mohammed Khan seeking his intervention to ensure that the Comptroller and Auditor General (CAG) of India's audit takes place in two state-run organisations. ... read..


Ban e-cigarettes to save tobacco farmers: Kisan Union
| Tuesday, 2019 8:15:05 PM IST
The Bhartiya Kisan Union (BKU) has appealed to the government to ban e-cigarettes and vaping products in the country. ... read..


Traders' body CAIT opposes ban on e-cigarettes
New Delhi | Tuesday, 2019 7:45:05 PM IST
As government prepares to ban the production and sale of e-cigarettes on health grounds, the Delhi-based traders' lobby group Confederation of All India Traders (CAIT) has opposed the move saying it will encourage smuggling. ... read..


UL and Underwriters Laboratories announce leadership succession
| September 17, 2019 7:11:49 PM IST
Northbrook [USA] Sept 17 (ANI/BusinessWire India): UL and parent company Underwriters Laboratories today announced that, after 15 years of service, Keith Williams has decided to retire as president and CEO. ... read..


Entrepreneur and author Kapil Pathare honoured with Doctorate in Business from Ballsbridge University
| September 17, 2019 7:11:47 PM IST
Mumbai (Maharashtra) [India] Sept 17 (ANI/BusinessWire India): Kapil Pathare, Director of VIP Clothing Ltd, has been presented with an honorary Doctorate in Business from Ballsbridge University for his outstanding contribution to business and entrepreneur ... read..


Mavenir awarded for best vRAN technology at 5G Asia
| September 17, 2019 7:11:44 PM IST
Singapore/New Delhi [India] Sept 17 (ANI/NewsVoir): Mavenir, a leader in accelerating software network transformation and redefining mobile network economics for communications service providers (CSPs), was awarded 'Best RAN Technology' winner for its inn ... read..


Niine: Focussed on Quality and Safety
| September 17, 2019 7:11:37 PM IST
Gorakhpur (Uttar Pradesh) [India] Sept 17 (ANI/BusinessWire India): There have been ongoing debates on sanitary napkins vs cloth, emerging claims and issues being highlighted on biodegradability, organic, reusable and so on. ... read..


Edtech Startup GuruQ lets you find Certified Quality Tutors in a Few Clicks
| September 17, 2019 6:41:46 PM IST
New Delhi [India] Sept 17 (ANI/NewsVoir): GuruQ, India's leading digital platform for connecting students with certified user-rated tutors, has revamped its website recently by introducing additional features to meet sartorial needs for both tutors and st ... read..


Asia's first environmental school launched at International Conference on Sustainability Education
| September 17, 2019 6:41:41 PM IST
New Delhi [India] Sept 17 (ANI/NewsVoir): The need for environmental education is growing rapidly as the degradation of the environment is taking place at a fast pace. ... read..


Beat the effects of economic slowdown by Investing in a Bajaj Finance Fixed Deposit
| September 17, 2019 6:41:28 PM IST
Pune (Maharashtra) [India] Sept 17 (ANI/BusinessWire India): The Indian Market has been going through a challenging phase as a result of slowdown in economic growth, higher tax impact on foreign institutional investors, the shutdown of major factories res ... read..


Jigsaw Academy wins NASSCOM's 'Partner of Excellence' accolade
| September 17, 2019 6:11:41 PM IST
Bengaluru (Karnataka) [India] Sept 17 (ANI/NewsVoir): Jigsaw Academy, a pioneer in Emerging Technologies and data science training, has been recognised as NASSCOM's 'Partner of Excellence' for the year. ... read..


SenseHawk's AI Driven Analytics transforms health monitoring at 780 MW Kamuthi Solar Plant
| September 17, 2019 6:11:36 PM IST
Mumbai (Maharashtra) [India] Sept 17 (ANI/NewsVoir): SenseHawk, an Artificial Intelligence driven data and analytics software company, recently set a world-first benchmark of assessing the health of 2.5 million solar modules in record time at one of the l ... read..


Veteran technologist Peter Burke joins Cybage Board of Directors
| September 17, 2019 6:11:35 PM IST
Pune (Maharashtra) [India] Sept 17 (ANI/NewsVoir): Cybage, a leader in the technology consulting and product engineering space, announces the appointment of Peter Burke to its Board of Directors. ... read..


SAIL allowed to sell 25 pc iron ore production from captive mines in open market
New Delhi | September 17, 2019 6:11:27 PM IST
The government has allowed Steel Authority of India Ltd (SAIL) to sell 25 per cent of its iron ore production from captive mines and dispose off another 70 million tonnes of low-grade iron ore dust and fines accumulated over the years in open market. ... read..


Jio continues to top 4G download speed chart: TRAI
New Delhi | September 17, 2019 5:41:27 PM IST
Reliance Jio continues to lead in the average 4G download speed chart for August published by the Telecom Regulatory Authority of India (TRAI). ... read..


PMLA Appellate Tribunal also releases assets of 63 moons from ED attachment
| September 17, 2019 5:11:28 PM IST
Mumbai (Maharashtra) [India], Sep 17 (ANI) The PMLA Appellate Tribunal on Tuesday released the assets of Jignesh Shah-led 63 moons technologies from attachment by the Enforcement Directorate (ED). ... read..


IMG Venture is back with season 4 of India Glamour 2019
| September 17, 2019 4:41:40 PM IST
Chandigarh (Punjab) [India] Sept 17 (ANI/NewsVoir): The juggernaut agency of promoting fresh modelling talent, IMG Venture is back with season 4 of Mr & Miss India Glamour 2019 and Mr & Miss North India Glamour 2019. ... read..


Sensex tumbles by 642 points on crude oil shock and global cues; auto and bank stocks bleed
Mumbai (Maharashtra) | September 17, 2019 4:41:29 PM IST
Equity indices came under sharp selling pressure for the second consecutive day on Tuesday and wiped out all previous week's gains due to geopolitical tensions and weak global cues. ... read..


Parallel Wireless expands presence in India to better support global customer base
| September 17, 2019 4:41:35 PM IST
Pune (Maharashtra) [India] Sept 17 (ANI/NewsVoir): Parallel Wireless, Inc., the leading US-based OpenRAN company delivering the world's only software-defined ALL G (5G, 4G, 3G, 2G, and Wi-Fi) end-to-end OpenRAN solutions for coverage and capacity, today a ... read..


Tata Communications and CreditPilot form financial technology partnership
Pune (Maharashtra) | September 17, 2019 4:11:29 PM IST
Digital infrastructure provider Tata Communications and European financial technology company CreditPilot on Tuesday announced coming together to offer mobile and digital financial services solutions to mobile operators. ... read..


DRA Homes' launched its pond restoration effort
| September 17, 2019 2:41:34 PM IST
Chennai (Tamil Nadu) [India] Sept 17 (ANI/NewsVoir): The Mandapam Kuttai Pond at Balaji Nagar on Sivaprakasam Main Road in Velachery, Chennai wears a new look now. ... read..


ZestMoney gears up for festive season with universal redemption
| September 17, 2019 2:41:29 PM IST
Bengaluru (Karnataka) [India] Sept 17 (ANI/NewsVoir): ZestMoney, India's first and largest AI-driven digital lending platform has collaborated with all major payment gateways of the country. ... read..


Real estate and export reforms unlikely to revive demand in near-term: Ind-Ra
Mumbai (Maharashtra) | September 17, 2019 2:41:28 PM IST
The recent set of measures to stimulate growth announced last week will yield only limited short-term benefits, India Ratings and Research (Ind-Ra) said on Tuesday. ... read..


Garware CMD seeks fresh term amid charges of corporate misgovernance (IANS EXCLUSIVE)
New Delhi | Tuesday, 2019 2:15:05 PM IST
Even as allegations of gross corporate misgovernance have cropped up against the promoters of Garware Polyester Ltd, the 85-year-old Chairman and MD of the company, Shashikant Bhalchandra Garware has sought reappointment for another five-year term. ... read..


Delhi: JW Marriott Aerocity paves way to sustainability with India's first AI aided water treatment plant
| September 17, 2019 1:41:41 PM IST
New Delhi [India] Sept 17 (ANI/BusinessWire India): JW Marriott New Delhi Aerocity has initiated its path to sustainability by going 'plastic-free' with its flag-ship water treatment and purification plant that is programmed on Artificial-Intelligence tec ... read..


Tata Power subsidiary to exit South African JV Cennergi for $106 million
Mumbai (Maharashtra) | September 17, 2019 1:41:30 PM IST
Khopoli Investments Ltd, a 100 per cent subsidiary of Tata Power, on Tuesday announced the execution of a share purchase agreement with Exxaro Resources Ltd for divestment of the company's entire 50 per cent stake in Cennergi, a South African joint ventur ... read..


Equity indices extend losses amid selling pressure, IT and auto stocks suffer
Mumbai (Maharashtra) | September 17, 2019 1:11:36 PM IST
Equities came under selling pressure in the afternoon on Tuesday with losses spread across all sectors. ... read..


MuscleBlaze launches a Whey protein to solve India's protein problem
| September 17, 2019 1:11:30 PM IST
New Delhi [India] Sept 17 (ANI/BusinessWire India): Addressing the protein absorption challenge that a number of Indian gym-goers faces, MuscleBlaze unveil their latest product series - a Biozyme Whey protein powder that has been customised for the Indian ... read..


BEML and Wipro Infrastructure Engineering in strategic partnership
Bengaluru (Karnataka) | September 17, 2019 12:41:29 PM IST
State-owned BEML and Wipro Infrastructure Engineering have signed a pact to work together in aerospace, industrial automation, 3D printing, artificial intelligence and hydraulic system engineering. ... read..


Merck Foundation partners with First Lady of Zimbabwe to build healthcare capacity
| September 17, 2019 11:41:30 AM IST
Harare [Zimbabwe]/Mumbai (Maharashtra) [India] Sept 17 (ANI/BusinessWire India): Merck Foundation, the philanthropic arm of Merck KGaA Germany organized their first 'Merck Foundation Health Media Training' on 16th September 2019 in Harare, Zimbabwe in par ... read..


Aavas Financiers raises Rs 345 crore from IFC through NCDs
Jaipur (Rajasthan) | September 17, 2019 11:41:29 AM IST
Affordable housing finance company Aavas Financiers has received an investment of Rs 345 crore from IFC, a member of the World Bank Group, through the issuance of non-convertible debentures. ... read..


GM, TCS launch new partnership in global vehicle engineering
Bengaluru (Karnataka) | September 17, 2019 11:11:36 AM IST
General Motors and Tata Consultancy Services have announced a new partnership in future global vehicle engineering, building on a 16-year long relationship between the two companies. ... read..


Equity gauges slide amid weak investor sentiment, auto stocks suffer
Mumbai (Maharashtra) | September 17, 2019 10:41:35 AM IST
Equity benchmark indices were in the negative territory during early hours on Tuesday amid weakness in Asian peers. ... read..


Dr Sanghamitra Bandyopadhyay, inducted to the Board of Governors of NIE University
| September 17, 2019 8:11:29 AM IST
Kolkata (West Bengal) [India] Sept 17 (ANI/NewsVoir): NIE University, in its most recent progress, has announced the induction of renowned Dr Sanghamitra Bandyopadhyay as the member of the Board of Governors with immediate effect. ... read..


SoftBank Group Corp keen to invest in Andhra
Hyderabad | Tuesday, 2019 5:15:05 AM IST
SoftBank Group Corp of Japan has evinced interest to invest in the electric vehicles industry in Andhra Pradesh, an official statement said. ... read..


Wipro ties up with German i4.0 for digital manufacturing
Bengaluru | Tuesday, 2019 5:15:05 AM IST
Global software major Wipro on Monday tied up with German i4.0 Maturity Centre GmbH to make manufacturing digital end-to-end. ... read..


GM, TCS launch partnership for global vehicle engineering
New Delhi | Tuesday, 2019 5:15:05 AM IST
Automobile manufacturer General Motors and IT major Tata Consultancy Services on Monday entered into a partnership for future global vehicle engineering. ... read..


India in dialogue with US to resolve trade issues: Goyal (Lead)
New Delhi | Tuesday, 2019 4:45:05 AM IST
Union Commerce Minister Piyush Goyal on Monday said that Indian government is in continuous dialogue with the US to resolve trade differences. ... read..


Govt nudges Apple Inc to increase Indian operations' scope (Lead)
New Delhi | Tuesday, 2019 4:15:05 AM IST
Hailing its presence in the country, IT Minister Ravi Shankar Prasad on Monday asked Apple Inc to scale up operations in India from its current presence where the US-based smartphone maker and technology giant has just started manufacturing phones and com ... read..


Delhi EV move may help save Rs 6,000 cr in fuel imports
New Delhi | Tuesday, 2019 3:15:05 AM IST
As part of the Delhi's draft electric vehicle (EV) policy, the city will need around 500,000 new EVs in the next five years and it will help save Rs 6,000 crore in oil and liquid natural gas imports and 4.8 million tonnes of carbon dioxide emissions. ... read..


Sensex, Nifty fall with attack on Saudi oil facilities
Mumbai | Tuesday, 2019 3:15:05 AM IST
Indian markets ended lower on Monday following the drone attacks on key oil facilities in Saudi Arabia, the world's biggest oil exporter. The sharp rise in oil prices that followed the attack dampened any chances of a positive reaction to government's eco ... read..


August wholesale inflation unchanged from July, eases YoY (Roundup)
New Delhi | Tuesday, 2019 3:15:05 AM IST
The rise in India's August wholesale price indexed ... read..


Top Northern Command officers meet Finance Commission team
New Delhi | Tuesday, 2019 2:45:05 AM IST
Top officers of the Northern Command of Indian Army met a team of Finance Commission members in Ladakh on Monday to discuss financial outlays for infrastructure and operational preparedness in the region. ... read..


B'desh minister, Tripura CM discuss trade, connectivity
Agartala | Tuesday, 2019 2:15:06 AM IST
Tripura Chief Minister Biplab Kumar Deb on Monday discussed cross border trade, improvement of connectivity and curbing of drug smuggling and illegal trade between the northeastern state and Bangladesh with Bangladeshi Information Minister Hasan Mahmud. ... read..


Air India Assets Holdings' Rs 7,000 cr bonds oversubscribed
New Delhi | Tuesday, 2019 2:15:06 AM IST
Air India Assets Holdings Ltd (AIAHL), the special purpose vehicle of Air India for transferring part of its debt and assets, on Monday raised Rs 7,000 crore through bonds issue. ... read..


BHEL may sell 4-5 non-core manufacturing units in FY20
New Delhi | Tuesday, 2019 1:45:05 AM IST
State-owned Bharat Heavy Electricals Ltd (BHEL) may sell four to five units of its non-core manufacturing business under the government's asset monetisation process during the ongoing financial year. ... read..


Delhi not affected by economic slowdown: Kejriwal
New Delhi | Tuesday, 2019 1:15:06 AM IST
Delhi Chief Minister Arvind Kejriwal on Monday claimed that the national capital was not affected by the economic slowdown in the country, however, he also implored the Centre to take necessary steps to improve the situation. ... read..


'Petrol, diesel prices may shoot up by Rs 5-6 a litre'
Mumbai | Tuesday, 2019 1:15:06 AM IST
Following the largest ever-disruption of crude production in Saudi Arabia amid drone attacks on its key facilities, prices of petrol and diesel in India may shoot up by Rs 5 to 6 a litre in next fortnight, experts said on Monday. ... read..


Now, BJP-ruled Assam presses hold button on auto rate cut
New Delhi | Monday, 2019 11:45:05 PM IST
Days after Kerala vehemently opposed proposal to cut tax rate on automobiles to 18 per cent from 28 per cent now, BJP-ruled Assam has said knee-jerk reaction is not warranted over the issue as concessions may not always push production and they fade away ... read..


ED slaps Rs 230 cr fine on PwC for FEMA violations
New Delhi | Monday, 2019 11:45:05 PM IST
The Enforcement Directorate's (ED) adjudicating authority slapped a Rs 230.40 crore penalty for the Foreign Exchange Management Act (FEMA) violation on global accounting firm PricewaterhouseCoopers (PwC) and six others, officials said on Monday. ... read..


Scale up operations, exports: Prasad to electronics CEOs
New Delhi | Monday, 2019 10:15:05 PM IST
Projecting India as an emerging hub for electronics manufacturing, Information Technology (IT) Minister Ravi Shankar Prasad on Monday told leading CEOs of the technology majors to scale up operations and said that India's fundamentals of the economy are s ... read..


Banks' 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI
Mumbai | Monday, 2019 10:15:05 PM IST
Indian private and public sector banks (PSBs) had aggregate savings deposits of Rs 39.72 lakh crore as on March 31, 2019, while foreign banks had a share of Rs 58,630 crore, according to RBI data published in the Handbook of Statistics on Indian Economy 2 ... read..


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