Wednesday, September 30, 2020
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NEWS
BUSINESS

Two-year extension of GST compensation cess levy likely to cover shortfall in tax collection
New Delhi | Wednesday, 2020 9:45:06 PM IST
The GST Council is likely to approve a two-year extension of compensation cess levy on goods and services to allow Centre to pay entire shortfall in GST tax collection by states expected till June 2022. ... read..


Japanese cos Mitsui, Nisso acquire 56% stake in Bharat Insecticides
New Delhi | Wednesday, 2020 9:45:06 PM IST
Bharat Insecticides Ltd (BIL) is now associated with Mitsui & Co and Nippon Soda Co as both the Japanese conglomerates have jointly acquired a majority stake in the Indian agrochemical products maker. ... read..


ShareChat adds $14 mn to its ESOP pool
New Delhi | Wednesday, 2020 9:45:05 PM IST
Homegrown social media platform ShareChat on Wednesday announced an additional $14 million ESOP pool to reward its employees. ... read..


RLDA invites e-bids for leasing railway land parcel in Chennai
Chennai | Wednesday, 2020 9:15:07 PM IST
The Rail Land Development Authority (RLDA) has floated a Request for Proposal (RFP) for leasing a land parcel of 3,700 square meter in East Tambaram in Chennai. ... read..


Bharti Airtel, VIL shares plunge after Jio unleashes postpaid tariff war
Mumbai | Wednesday, 2020 9:15:06 PM IST
Shares of telecom majors Bharti Airtel and Vodafone Idea Ltd (VIL) were under pressure on Wednesday after Reliance Jio announced a range of postpaid plans with several benefits, to take on both Airtel and Vodafone Idea in the postpaid segment. ... read..


Manali Petrochem to triple propylene glycol production
Chennai | Wednesday, 2020 8:45:06 PM IST
Targeting the domestic market for imported propylene glycol, Manali Petrochemicals Ltd. has decided to more than triple its production capacity to 70,000 tonne per annum (tpa) at an outlay of Rs 150 crore, said a top group official. ... read..


Delhi HC seeks Centre's response on plea by BPSL ex-chief against IBC proceedings
New Delhi | Wednesday, 2020 8:15:06 PM IST
The Delhi High Court has sought a response from the Centre and others on a petition filed by ex-Chairman of Bhushan Power and Steel Ltd. (BPSL) Sanjay Singal challenging the provisions of personal insolvency proceedings against personal guarantors under t ... read..


India tops up strategic reserves with cheaper crude, saves over $685M
New Delhi | Wednesday, 2020 7:15:06 PM IST
Taking advantage of low prices in major oil-producing centres in Saudi Arabia and UAE, India has filled up its strategic crude oil reserves to meet its energy needs in times of emergency and saved a neat $685.11 million in the process. ... read..


India's most affordable online education platform, coming soon: Shiksha Mission
| September 23, 2020 7:12:14 PM IST
New Delhi [India], September 23 (ANI/India PR Distribution): 'Equal Education for all' should be the right of every child. India is going to witness a new venture of online education based on the philosophy of Mahatma Gandhi's vision towards education for ... read..


Sterling & Wilson shares up 20% over SP Group's exit from Tata Sons
Mumbai | Wednesday, 2020 6:45:07 PM IST
Shares of Shapoorji Pallonji Group company, Sterling & Wilson Solar, surged 20 per cent after the group announced that it will end its ties with Tata Sons. ... read..


Reliance Retail asset monetization picks up pace
New Delhi | Wednesday, 2020 6:45:07 PM IST
Retail asset monetization is picking up pace as private equity firm KKR announced a Rs 55.5 billion ($ 0.75 billion) investment in Reliance Retail for a 1.28 per cent stake implying a pre-money equity value of $57 billion. ... read..


Manali Petrochem to invest Rs 150 crore for capacity expansion
Chennai (Tamil Nadu) | September 23, 2020 6:42:27 PM IST
Manali Petrochemicals said on Wednesday it has finalised plans to triple its annual production capacity for propylene glycol from 22,000 tonnes to 70,000 tonnes in two phases at an investment of Rs 150 crore. ... read..


Affluent Indians lead food delivery market recovery: Zomato CEO
New Delhi | Wednesday, 2020 5:45:05 PM IST
In a sign that Indians are now no more afraid of ordering food despite a surge in caseloads, Zomato on Wednesday revealed that the food delivery sector has recovered to (and even grown beyond) pre-Covid levels in a number of large pockets of the country, ... read..


Kool-ex partners with IndoSpace to build customized Pharma Distribution Centres, across the country
| September 23, 2020 5:42:37 PM IST
Mumbai (Maharashtra) [India], September 23 (ANI/BusinessWire India): Kool-ex partners with India's largest industrial and logistics real estate developer, IndoSpace, to build customized, GDP/GWP compliant, temperature-controlled, Pharma Distribution Centr ... read..


OYO crosses the 50 million app downloads mark globally; strengthens commitment to seamless customer experience as India unlocks
| September 23, 2020 5:42:34 PM IST
New Delhi [India], September 23 (ANI/NewsVoir): OYO, the world's leading hospitality chain crossed the 50 million app downloads mark today, with India leading with the most downloads followed by Indonesia, Malaysia, the USA, and Brazil. ... read..


After securing government permissions on drone deliveries, Omnipresent set to disrupt logistics in India
| September 23, 2020 5:42:32 PM IST
New Delhi [India], September 23 (ANI/BusinessWire India): Omnipresent Robot Technologies, which is working with ShopX as a Drone Consortium partner, has become the first drone company in India to receive full clearance from the Ministry of Home Affairs to ... read..


Indian T20 League Cricket 2020 on FanFight: Rise of the leading fantasy cricket platform
| September 23, 2020 5:42:31 PM IST
Mumbai (Maharashtra) [India], September 23 (ANI/BusinessWire India): India's biggest tournament Indian T20 Premier League is back with surge and FanFight Fantasy Cricket brings you the best Indian T20 fantasy gaming experience with Winnings of Crores Dail ... read..


D. Rajkumar CMD, BPCL superannuates
| September 23, 2020 5:42:28 PM IST
Mumbai (Maharashtra) [India], September 23 (ANI/NewsVoir): D Rajkumar CMD, BPCL got superannuated on August 31. ... read..


K. Padmakar Director (HR) takes additional charge as CMD, BPCL
| September 23, 2020 5:42:25 PM IST
Mumbai (Maharashtra) [India], September 23 (ANI/NewsVoir): K Padmakar, Director (HR) has taken over additional charge as Chairman & Managing Director of Bharat Petroleum from 1st September 2020 on the superannuation of D Rajkumar, at close of work on ... read..


SEBI restrains 12 DHFL promoters from accessing securities for violating norms
Mumbai (Maharashtra) | September 23, 2020 5:42:17 PM IST
Debt-ridden mortgage lender Dewan Housing Finance Corporation Ltd (DHFL) said on Wednesday that the Securities and Exchange Board of India (SEBI) has restrained 12 of its promoters from accessing securities market for violating market norms. ... read..


Arun Singh Director (M) takes additional charge of Director (Refineries), BPCL
| September 23, 2020 5:42:14 PM IST
Mumbai (Maharashtra) [India], September 23 (ANI/NewsVoir): Arun Kumar Singh, Director (Marketing) of Bharat Petroleum, has taken over the additional charge of Director (Refineries) of BPCL on 18th September 2020. ... read..


Blue Blocks Montessori School files a record 5 patents for student Inventions in Drones
| September 23, 2020 5:42:12 PM IST
Hyderabad (Telangana) [India], September 23 (ANI/PRNewswire): Barely nine months since the launch of their Drone Research and Innovation Centre, Blue Blocks Montessori School, Hyderabad has filed for a record 5 patents for Inventions in Drones designed by ... read..


GAIL wins leader award at Frost & Sullivan, TERI's Sustainability 4.0 Awards
New Delhi | September 23, 2020 5:12:14 PM IST
GAIL India Ltd has won the leader award in mega large business process sector category in 11th edition of Frost & Sullivan and The Energy and Resources Institute (TERI) Sustainability 4.0 Awards 2020. ... read..


Sensex in green, RIL stocks surge nearly 3% (Ld)
Mumbai | Wednesday, 2020 4:45:06 PM IST
The key Indian equity indices traded in the green on Wednesday morning with the BSE Sensex surging as high of 405 points. ... read..


Equity indices reverse early gains, Bharti Airtel drops 8 pc
Mumbai (Maharashtra) | September 23, 2020 4:42:13 PM IST
Equity benchmark indices wiped out early gains and closed in the negative terrain on Wednesday after a volatile trading session. ... read..


StackRoute announces programs in Data Engineering to meet the Enterprise Big Data requirement of the industry
| September 23, 2020 4:12:23 PM IST
New Delhi [India], September 23 (ANI/BusinessWire India): StackRouteTM, an NIIT venture announced the launch of programs in Data Engineering. ... read..


Upcurve Business Services Pvt. Ltd. announces restructuring of its senior management roles
| September 23, 2020 4:12:18 PM IST
Pune (Maharashtra) [India], September 23 (ANI/NewsVoir): udChalo, a Brand of UpCurve Business Services Private Limited, a top Online Travel portal for Indian Defence Personnel recently announced that its Vice President Marketing, Vikash Tripathi has been ... read..


Magic Bus Survey on the impact of COVID-19 reveals 83 percent of adolescents reported having no access to online learning resources
| September 23, 2020 4:12:15 PM IST
Mumbai (Maharashtra) [India], September 23 (ANI/NewsVoir): The COVID-19 crisis has brought the entire world to a standstill as millions have been affected by the pandemic. ... read..


Markets open in green
Mumbai | Wednesday, 2020 3:45:06 PM IST
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note. ... read..


Leverage e-retail to overcome supply chain disruptions, demand declines: Esya Centre
New Delhi | September 23, 2020 3:42:31 PM IST
The Covid-19 pandemic and ensuing emergency responses are expected to affect firms through supply chain disruptions in the short run and demand declines in the longer run, technology policy think-tank Esya Centre said on Wednesday. ... read..


Despite COVID-19 challenges, Indian students want to study abroad, reports iSchoolConnect
| September 23, 2020 3:42:14 PM IST
Boston [USA]/Mumbai (Maharashtra) [India], September 23 (ANI/BusinessWire India): The COVID-19 pandemic has put every international student's study abroad plan on hold. ... read..


How 2 yrs old Indian opensource project got 25k+ downloads and generated USD 300k revenue
| September 23, 2020 3:42:13 PM IST
Noida (Uttar Pradesh) [India], September 23 (ANI/BusinessWire India): Bagisto is an opensource eCommerce platform built on Laravel. ... read..


Airtel onboards Waybeo to its startup accelerator programme
New Delhi | September 23, 2020 2:42:17 PM IST
Bharti Airtel said on Wednesday it has picked up a strategic stake in tech startup Waybeo as part of a strategy to scale up its cloud offerings. ... read..


Inflow Technologies signs distribution agreement with Menlo Security to help customers eliminate business down-time from security breaches
| September 23, 2020 2:42:13 PM IST
Bengaluru (Karnataka) [India], September 23 (ANI/NewsVoir): Inflow Technologies Pvt Ltd today announced that it has partnered as a distributor with Menlo Security, Inc. Menlo SecurityTM provides a cloud-based security platform to protect organisations fro ... read..


Asian Paints launches range of furniture, furnishings and lighting products
| September 23, 2020 2:12:25 PM IST
Mumbai (Maharashtra) [India] September 23 (ANI/NewsVoir): An increasing number of customers today aspire to build their dream homes that are a reflection of who they are. But it is quite a chore scouting for home decorative items at best prices and also f ... read..


The Mooncloud Events: The pulse of events and wedding industry
| September 23, 2020 2:12:24 PM IST
Mumbai (Maharashtra) [India] September 23 (ANI/NewsVoir): Wedding season is around the corner. Here is your chance to get the best advice & consultancy for your wedding, if your wedding is scheduled to happen in late 2020 or in early 2021. ... read..


Author Vijay Kumar Dewan inspires youth with The India Series
| September 23, 2020 2:12:22 PM IST
New Delhi [India] September 23 (ANI/NewsVoir): Former Techno Banker & Senior IT Professional - Vijay Kumar Dewan recently launched a telling five novel series titled 'The India Series'. ... read..


EnKing International, the first Indian company to become a CDP Accredited Global Gold Climate Change Consultancy Solution provider
| September 23, 2020 2:12:21 PM IST
Indore (Madhya Pradesh) [India] September 23 (ANI/BusinessWire India): CDP runs the global environmental disclosure system, each year it supports thousands of companies, cities, states, and regions to measure and manage their risks and opportunities on cl ... read..


Sushant University collaborates with Harvard Business School Online
| September 23, 2020 2:12:19 PM IST
Gurugram (Haryana) [India] September 23 (ANI/NewsVoir): Sushant University, a top-notch education institution situated in the heart of Gurugram, collaborates with Harvard Business School Online to offer high-impact online courses to its students. ... read..


Eko partners risk-tech startup TERA Finlabs to provide affordable credit to its 3 lakh merchants
| September 23, 2020 2:12:18 PM IST
Bengaluru (Karnataka) [India] September 23 (ANI/NewsVoir): Embedded lending solutions are growing in popularity and set to become one of the next big disruptions in consumer lending. The pandemic has accelerated the pace of strategic partnerships in the f ... read..


Servify raises USD 23 million in Series C, led by Iron Pillar
| September 23, 2020 2:12:15 PM IST
Mumbai (Maharashtra) [India], September 23 (ANI/BusinessWire India): Servify, the device lifecycle management platform that integrates multiple OEM Brands and their sales and service ecosystem to deliver great after-sales service experience today announce ... read..


New tool launched to support rapid renewable energy deployment
New Delhi | September 23, 2020 1:42:16 PM IST
The India chapter of science-based non-profit Nature Conservancy has launched a geospatial tool for helping decision-makers, investors, and financiers to make better choices in selecting land for siting solar and wind projects. ... read..


ICRA reaffirms JSPL's ratings with stable outlook
New Delhi | September 23, 2020 12:42:12 PM IST
ICRA has reaffirmed ratings on Jindal Steel and Power Ltd's (JSPL's) bank facilities and non-convertible debentures due to its healthy standalone operating performance in FY21 despite subdued demand trends and challenging market conditions. ... read..


Brickwork reaffirms AA negative rating for NCDs of Edelweiss Financial
Mumbai (Maharashtra) | September 23, 2020 12:12:17 PM IST
Brickwork has reaffirmed the rating of Edelweiss Financial Services' non-convertible debentures (NCDs) at AA with negative outlook due to mounting pressure on the company's asset quality. ... read..


Annova Solutions helping client's journey with dedicated teams working on industry-specific labels
| September 23, 2020 12:12:11 PM IST
Indore (Madhya Pradesh) [India] September 23 (ANI/PRNewswire): Machine Learning is a game-changer when it comes to RoI for various business verticals and as a result, there has been an exponential rise in deployment of ML. India is an emerging marketplace ... read..


Biocon appoints Anupam Jindal as new CFO
Bengaluru (Karnataka) | September 23, 2020 11:42:26 AM IST
Biocon Ltd has appointed Anupam Jindal as the new Chief Financial Officer (CFO) and be part of the executive leadership team. ... read..


Equity indices gain as global markets rebound, Reliance up 1.8 pc on KKR deal
Mumbai (Maharashtra) | September 23, 2020 10:42:19 AM IST
Equity benchmark indices traded nearly half a per cent higher during early hours on Wednesday led by gains in IT stocks and index heavyweight Reliance Industries. ... read..


IATA calls for systematic COVID-19 testing before departure
Geneva | September 23, 2020 10:42:11 AM IST
The International Air Transport Association (IATA) has called for development and deployment of rapid, accurate, affordable, easy-to-operate, scalable and systematic COVID-19 testing for all passengers before departure as an alternative to quarantine meas ... read..


KKR to invest Rs 5,550 cr in Reliance Retail Ventures
Mumbai (Maharashtra) | September 23, 2020 9:42:13 AM IST
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) on Wednesday announced that global investment firm KKR will invest Rs 5,550 crore into RRVL, a subsidiary of Reliance Industries. ... read..


KKR to invest Rs 5,500 cr in Reliance Retail Ventures
Mumbai (Maharashtra) | September 23, 2020 9:12:46 AM IST
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) on Wednesday announced that global investment firm KKR will invest Rs 5,500 crore into RRVL, a subsidiary of Reliance Industries. ... read..


Vodafone Idea has balance dues of Rs 54,754 cr under AGR
New Delhi | Wednesday, 2020 4:45:05 AM IST
Vodafone Idea and Bharti Airtel have balance dues under AGR to the tune of Rs 54,754 crore and Rs 25,976 crore respectively. ... read..


IT firms in Hyderabad lack confidence in returning to office
Hyderabad | Wednesday, 2020 4:15:06 AM IST
The IT/ITES companies in Hyderabad continue to operate with Work From Home (WFH) due to the Covid-19 pandemic and there is clear lack of confidence in returning to office, a survey by the apex body of the industry revealed on Tuesday. ... read..


SP Group highlights value destruction through Tata aviation biz and Tata Steel UK (2nd Ld)
New Delhi | Wednesday, 2020 4:15:06 AM IST
SP Group in its decision to separate from the Tata Group has highlighted the value destruction from Tata Steel, UK and the group's aviation business. ... read..


GirnarSoft commits to invest $20 mn in InsuranceDekho
New Delhi | Wednesday, 2020 3:45:06 AM IST
GirnarSoft on Tuesday announced to invest $20 million in its subsidiary, InsuranceDekho, an omni-channel insurance platform. ... read..


SP Group holding in Tata Sons over Rs 2 lakh cr on MCap basis (Ld)
New Delhi | Wednesday, 2020 3:45:06 AM IST
After the SP Group announced its intent to separate from the Tata Group, calculators will be out to establish a notional value of SP Group's holding in Tata Sons. ... read..


181 tonnes of Pomegranates exported from B'luru airport
Bengaluru | Wednesday, 2020 3:15:06 AM IST
Nine global freight carriers shipped 181 tonnes of Pomegranates to 12 overseas destinations from Kempegowda international airport (KIA) on the city's northern outskirts from April to August, an official said on Tuesday. ... read..


CCI lets off firms rigging railway tenders citing Covid woes, raises eyebrows
New Delhi | Wednesday, 2020 3:15:06 AM IST
In a fascinating judgement the Competition Commission of India (CCI) has, in a recent order, let go 10 companies found guilty of cartelisation and rigging railway tenders for around 12 years, with a warning to desist from any such activity in future and n ... read..


NSE and SGX progress on operationalising NSE IFSC-SGX Connect
New Delhi | Wednesday, 2020 2:45:06 AM IST
The National Stock Exchange (NSE) and the Singapore Exchange (SGX) have entered into a formal agreement to cement the key terms for operationalising the NSE IFSC-SGX Connect which will bring together international and Gujarat International Finance Tec-Cit ... read..


SP Group to separate from Tatas
New Delhi | Wednesday, 2020 1:45:06 AM IST
The largest shareholder in the Tata Group, SP Group said before the Supreme Court on Tuesday that a separation from the Tatas is necessary. ... read..


Radical reforms will revive banking, financial sectors: Bankers
New Delhi | Wednesday, 2020 1:45:06 AM IST
Radical reforms, and not restructuring, holds the key to reform of the banking and financial sector as current policies may only postpone the problems and not resolve it altogether, the country's top bankers said on Tuesday. ... read..


Wonderla opens food outlet in Hyderabad to beat COVID blues
Hyderabad | Wednesday, 2020 1:45:06 AM IST
The crisis triggered by COVID-19 pandemic has forced leading amusement park and hospitality brand, Wonderla Holidays Limited to foray into food takeaway and delivery business. ... read..


Odisha urges Centre to defer coal block auction by 3 months
Bhubaneswar | Wednesday, 2020 1:45:06 AM IST
The Odisha government has requested the Centre to defer the coal block auction process by three months in view of the unfavourable market condition due to the prevailing Covid-19 pandemic. ... read..


Will not shy away from going to court against gender bias in Murugappa Group: Arunachalam
Chennai | Wednesday, 2020 1:15:06 AM IST
One of the female heirs of the industrial conglomerate, the Rs 38,105 crore Murugappa Group, Valli Arunachalam on Tuesday reiterated her allegation that gender bias exists at the highest levels of the company. ... read..


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