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Coffee Day sells GV Techpark for Rs 2,700 crore to trim debt |
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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.. |
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Indian Technomac assets to be auctioned: Himachal HC |
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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.. |
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Wipro engineering arm, BEML in pact for defence projects |
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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.. |
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Kochi's Maradu flats demolition: Kerala to approach SC |
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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.. |
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Blackstone Group's Rs 2,700 cr deal to buy Coffee Day techpark |
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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.. |
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Amazon, Flipkart festival sales violate FDI norms: CAIT |
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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.. |
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Salve blames SC for economic slowdown |
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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.. |
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ED attaches Moin Qureshi's Delhi farm house, Bikaner fort |
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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.. |
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Govt may announce more fiscal measures to spur demand |
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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.. |
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'Pedo guy' means 'creepy old man': Musk |
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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.. |
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SC seeks status report in coal block cases |
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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.. |
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India certain to become $5 trillion economy by 2024: Shah |
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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.. |
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CG Power scam: SEBI bars Gautam Thapar from stock markets |
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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.. |
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Groups trying to mislead on e-cigarette ban: Farmers' body |
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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.. |
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CDE to sell Tech Park to Blackstone for Rs 2,700 cr (Lead) |
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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.. |
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Assam FM Sarma for uniform GST rate on lotteries |
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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.. |
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Foxconn country head calls on Andhra CM |
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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.. |
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Use of AI to boost tourism in India |
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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.. |
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ED attaches eBIZ.Com's Rs 277 crore assets |
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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.. |
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Apple can change India's manufacturing scenario: Minister |
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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.. |
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PMLA tribunal releases 63 moons' assets attached by ED |
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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.. |
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Odisha distributes 170.50 cr to ineligible beneficiaries |
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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.. |
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SBI Caps, PNB Investment among bidders for TCIL, FAGMIL, WAPCOS |
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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.. |
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SAIL allowed to sell iron ore from captive mines |
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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.. |
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Mamata to raise bank merger, PSU issues with Modi |
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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.. |
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Congress demands CAG audit into KIFBI and Kannur airport |
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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.. |
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Traders' body CAIT opposes ban on e-cigarettes |
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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.. |
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Mavenir awarded for best vRAN technology at 5G Asia |
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| 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.. |
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Niine: Focussed on Quality and Safety |
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| 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.. |
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IMG Venture is back with season 4 of India Glamour 2019 |
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| 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.. |
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Tata Power subsidiary to exit South African JV Cennergi for $106 million |
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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.. |
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MuscleBlaze launches a Whey protein to solve India's protein problem |
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| 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.. |
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Govt nudges Apple Inc to increase Indian operations' scope (Lead) |
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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.. |
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Delhi EV move may help save Rs 6,000 cr in fuel imports |
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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.. |
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Sensex, Nifty fall with attack on Saudi oil facilities |
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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.. |
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B'desh minister, Tripura CM discuss trade, connectivity |
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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.. |
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BHEL may sell 4-5 non-core manufacturing units in FY20 |
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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.. |
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Delhi not affected by economic slowdown: Kejriwal |
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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.. |
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'Petrol, diesel prices may shoot up by Rs 5-6 a litre' |
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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.. |
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Now, BJP-ruled Assam presses hold button on auto rate cut |
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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.. |
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ED slaps Rs 230 cr fine on PwC for FEMA violations |
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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.. |
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Scale up operations, exports: Prasad to electronics CEOs |
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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.. |
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Banks' 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI |
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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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