Saturday, April 21, 2018
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NEWS
BUSINESS

Indiabulls Housing Finance's Q4 net profit 22.6%
Mumbai | Friday, 2018 11:45:04 PM IST
Indiabulls Housing Finance on Friday reported a 22.6 per cent increase in its net profit for the fourth quarter (Q4) of 2017-18. ... read..


Electrosteel acquisition by Vedanta is credit neutral, says Ind-Ra
New Delhi | Friday, 2018 10:45:05 PM IST
Anil Agarwal-led Vedanta Ltd's acquision of 90 per cent stake in the stressed asset Electrosteel Steels Ltd (ESL) through insolvency proceedings was "credit neutral", according to a India Ratings and Research (Ind-Ra) report released on Friday. ... read..


Agri-app to answer farmers' queries through live scientist
New Delhi | Friday, 2018 9:45:04 PM IST
Using a new mobile application, soon to hit the market, farmers can now have their crop-related queries answered through a 'chatbot' and this does not work, by a live scientist. ... read..


India's Forex reserves rise by $1.21 bn
Mumbai | Friday, 2018 9:15:05 PM IST
India's foreign exchange (Forex) reserves increased by $1.21 billion as on April 13, official data showed on Friday. ... read..


Krishnapatnam Port's cargo handling up by 25 percent
Hyderabad | Friday, 2018 8:45:05 PM IST
Krishnapatnam Port Company Ltd (KPCL), which runs India's largest all-weather and deep water port on the east coast, handled 45 million metric tonne (MMT) of cargo in 2017-18, achieving a 25 per cent growth over the previous fiscal's 36.10 MMT, an officia ... read..


Modi should pay more attention to women's issues: IMF chief
United Nations | Friday, 2018 8:45:05 PM IST
International Monetary Fund Managing Director Christine Lagarde has said that Prime Minister Narendra Modi and the Indian authorities should pay more attention to women's issues in the aftermath of the rape of an eight-year-old girl in Kathua district of ... read..


Maharashtra's Matheran toy train stations turn 'green'
Mumbai | Friday, 2018 8:45:05 PM IST
All four stations en route the famed Toy Train servicing the eco-sensitive hillstation of Matheran in Maharashtra's Raigad district have turned "green" with installation of solar power and wind energy plants, an official said here on Friday. ... read..


Zimbabwe Parliament summons Mugabe over diamond remarks
Harare | Friday, 2018 8:45:05 PM IST
The Zimbabwean Parliamentary Portfolio Committee on Mines and Energy has summoned former President Robert Mugabe to appear before it to explain his claim that more than $15 billion worth of diamonds had been siphoned out of the country. ... read..


Upcoming elections may slow Indian economic reforms pace: IMF chief
United Nations | Friday, 2018 8:45:04 PM IST
India's pace of economic reforms may slow down in the coming months because of the impending elections, although it has carried out major reforms that could help the nation reap the benefits of the upswing, said the Managing Director of the International ... read..


SJVN signs MoU to target 9,200 mn units generation this fiscal
New Delhi | Friday, 2018 8:15:04 PM IST
Public sector power generator Satluj Jal Vidyut Nigam (SJVN) Ltd has signed an MoU with the Union Power Ministry setting a target of generating 9,200 million units of electricity, according to an official announcement on Friday. ... read..


CPI-M terms 15th Finance Commission's TOR anti-federal (Lead)
Hyderabad | Friday, 2018 8:15:04 PM IST
The Communist Party of India-Marxist (CPI-M) on Friday voiced over what it called the anti-federal and anti-democratic underpinnings of the Terms of Reference (TOR) of the 15th Union Finance Commission. ... read..


Axis Bank commences process to appoint new MD & CEO
Mumbai | Friday, 2018 8:15:04 PM IST
Lending major Axis Bank on Friday said it has commenced the "succession process to appoint a new Managing Director and CEO". ... read..


Ramnath, Bhasin part of Fortis' advisory panel, Radiant fifth bidder
Mumbai | Friday, 2018 7:45:04 PM IST
Fortis Healthcare has named Renuka Ramnath and Lalit Bhasin as members of an "expert advisory committee", while KKR-backed Radiant Life Care was disclosed as the fifth bidder. ... read..


Global cues depress equity indices, banking stocks fall (Roundup)
Mumbai | Friday, 2018 7:45:04 PM IST
Negative global cues such as high crude oil prices, along with a weak rupee and heavy selling pressure in banking stocks triggered by a likely hawkish stand of the Reserve Bank of India (RBI) in its next monetary policy review subdued the key Indian equit ... read..


CPI-M calls 15th Finance Commission TOR biased, demands amendments
Hyderabad | Friday, 2018 7:15:04 PM IST
The CPI-M on Friday expressed deep concern over the "anti-federal and anti-democratic underpinnings" of the Terms of Reference (TOR) of the 15th Finance Commission and demanded they be amended. ... read..


Gionee to launch new smartphones in India on April 26
New Delhi | Friday, 2018 6:45:05 PM IST
Amid restructuring plans to scale up its India business, Chinese smartphone maker Gionee is set to launch a new range of smartphones on April 26. ... read..


India pushes for BRICS rating agency
New Delhi | Friday, 2018 6:45:04 PM IST
India has urged the BRICS (Brazil, Russia, India, China, South Africa) countries to set up an independent rating agency of the group, according to an Indian official. ... read..


Motorola opens 25 'Moto Hubs' in North-East
New Delhi | Friday, 2018 6:45:04 PM IST
Lenovo-owned Motorola on Friday expanded its retail presence by opening 25 new "Moto Hubs" in the North-East region. ... read..


New strategies for building BoP ecosystem
New Delhi [India] | April 20, 2018 12:01:13 AM IST
New Delhi [India], Apr. 20 (BusinessWire India): The Enterprise for a Sustainable World (ESW) and Ecociate, in collaboration with the BoP Global Network Labs, have organised the 3rd BoP Global Network Summit. ... read..


NEUMEX to transform tyre-buying experience
Hyderabad (Telangana) [India] | April 20, 2018 12:01:13 AM IST
Hyderabad (Telangana) [India], Apr. 20 (NewsVoir): NEUMEX Tyres Limited launched their new brand NEUMEX and their first range of tyres for five different categories of vehicles that comprise motorcycles, scooters, three-wheelers, SCV and LCV. ... read..


GIFAS Mission strengthens French-Indian aerospace ties
New Delhi [India] | April 20, 2018 12:01:13 AM IST
New Delhi [India], Apr. 20 (BusinessWire India): GIFAS, the French Aerospace Industries Association, a driving force behind French-Indian cooperation, has head a major industrial mission to India from April 16 to 19. ... read..


Nine states/UTs warned of rough seas in next two days
Chennai | Friday, 2018 6:15:05 PM IST
Nine coastal states and islands have been warned about rough seas over the next two days, a senior Indian National Centre for Ocean Information Services (INCOIS)official said on Friday. ... read..


Audi India sees flat sales in 2018 following duty hike (Lead)
Kolkata | Friday, 2018 6:15:04 PM IST
Luxury carmaker Audi India, which had looked at a double-digit growth this year, is now expecting that sales will be flat in 2018, following an increase in cess and hike of customs duty on some imported auto components announced in the Union Budget, an of ... read..


Goa onshore casino operators demand licence fee reduction
Panaji | Friday, 2018 6:15:04 PM IST
Onshore casino operators in Goa have demanded a reduction in the recently proposed hike of annual licence fees, adding that they should also be allowed live gaming permits on par with the offshore casino operators in the coastal state. ... read..


Centre urges private equity, VC funds to bid for strategic divestments
New Delhi [India] | April 20, 2018 12:01:13 AM IST
Private equity (PE) and venture capital (VC) funds with adequate enterprise, managerial or technical investors in the whole consortium sort of model can come forward to participate in strategic divestments like Air India, the Centre said on Thursday. ... read..


VNL launches ISR solutions for armed forces
New Delhi [India] | April 20, 2018 12:01:13 AM IST
New Delhi [India], Apr. 20 (NewsVoir): Vihaan Networks Limited (VNL), India's leading telecom equipment and solution provider, launched a range of cost-effective, indigenously designed, developed and manufactured (IDDM), end-to-end communications and ISR ... read..


Droom ventures into customised bikes starting Rs.70,000
New Delhi [India] | April 20, 2018 12:01:13 AM IST
Droom, an online automobile transactional marketplace announced that it is venturing into the customised bike segment. ... read..


True Balance raises $23mn towards expanding operations
New Delhi [India] | April 20, 2018 12:01:13 AM IST
True Balance, a digital wallet and financial services platform, raised USD 23 Million in a Series B2 funding, which it intended to use towards talent acquisition and expanding benefits of need-based financial services. ... read..


Venture Catalysts commences Nagpur operations under B.C. Bhartia
New Delhi [India] | April 20, 2018 12:01:13 AM IST
In a bid to bolster innovation across the country and unlock the entrepreneurial potential in non-metro cities, Venture Catalysts, an integrated incubator, announced the launch of its operations in Nagpur. ... read..


US airline gives $5,000 cheques to passengers over plane mishap
Washington | Friday, 2018 5:15:04 PM IST
US airline Southwest has given $5,000 cheques to passengers of its flight whose engine failure led to an emergency landing in Philadelphia and claimed one woman's life. ... read..


Trump seeks to expand US arms sale abroad
Washington | Friday, 2018 5:15:04 PM IST
The Trump administration has unveiled a new policy that could vastly expand sales of armed drones, making it easier to put American-made weapons into the hands of US allies and partners. ... read..


Japan-based Komori eyes Rs 200 crore business in India (Lead)
New Delhi | Friday, 2018 4:45:05 PM IST
Tokyo-based Komori Corporation -- the second largest manufacturer of printing presses in the world -- is aiming for over Rs 200 crore business in India this year, top company executives said here on Friday. ... read..


Pension regulator makes bank a/c, mobile mandatory for NPS
New Delhi | Friday, 2018 4:45:05 PM IST
The Pension Fund Regulatory and Development Authority (PFRDA) announced on Friday that it has made bank account details and mobile number compulsory for subscribers of the National Pension Scheme (NPS). ... read..


Equity indices close flat on tepid global cues (Second Lead)
Mumbai | Friday, 2018 4:45:05 PM IST
Key equity indices provisionally closed on a flat-to-negative note on Friday tracking weak global cues. ... read..


Maharashtra software couple chucks Rs 30 lakh pay packet to open 'tea shop'
Nagpur | Friday, 2018 4:15:04 PM IST
This is one couple who decided to give up the comfort zone of fat-pay packets, Rs 30 lakh annualy between them to venture into an unknown realm -- starting a tea shop ... read..


TCS's shares at new high post Q4 results, m-cap close to $100 bn
Mumbai | Friday, 2018 4:15:04 PM IST
Shares of IT bellwether Tata Consultancy Services (TCS) on Friday rose over 7 per cent to touch a new high of Rs 3,419.80 per share, taking its market capitalisation (m-cap) to over Rs 6.50 lakh crore or around $98 billion. ... read..


Audi India sees flat sales in 2018 following duty hike
Kolkata | Friday, 2018 4:15:04 PM IST
Luxury carmaker Audi India, which had looked at a double-digit growth this year, is now expecting that sales will be flat in 2018, following an increase in cess and hike of customs duty on some imported auto components announced in the Union Budget, an of ... read..


Google to 'pause investments' in messaging mobile app Allo: Report
San Francisco | Friday, 2018 4:15:04 PM IST
Google is reportedly "pausing investments" in its "Allo" mobile messaging app that was launched with much fanfare in 2016. ... read..


Gastrotope partners with Andhra govt to nurture agri, food-tech startups
Hyderabad (Telangana) [India] | April 20, 2018 12:01:13 AM IST
Gastrotope, an agriculture and food-tech accelerator announced that it has signed an agreement with the Government of Andhra Pradesh to create a 'Farm to Fork' ecosystem in Visakhapatnam. ... read..


Phonup offers one-year warranty on pre-owned phones
Bengaluru (Karnataka) [India] | April 20, 2018 12:01:13 AM IST
Bengaluru (Karnataka) [India], Apr 20 (Businesswire-India): Phonup (www.phonup.in), a joint venture between Franchise India and Phonup Italy (www.phonup.com), launched its first store in Karnataka, Bengaluru today. The store will be a 'one-stop-destinatio ... read..


Mindshare Leverages Vidooly insights and Technology to win top honours at I-COM 2018
New Delhi [India] | April 20, 2018 12:01:13 AM IST
New Delhi [India], Apr 20 (NewsVoir): Vidooly, India's leading video marketing analytics platform worked closely with the Mindshare team in India which won top honours in the Emerging Market Regions Category at the 9th edition of i-com, world's leading Ma ... read..


Panasonic launches new smartphone with 'Big View' Display
New Delhi | Friday, 2018 3:15:04 PM IST
Expanding its "Big View" display series, Panasonic India on Friday unveiled an affordable "Eluga I7" smartphone with the 18:9 aspect ratio for an immersive experience. ... read..


'Vivo V9 Youth' with dual rear camera in India
New Delhi | Friday, 2018 3:15:04 PM IST
Chinese handset maker Vivo on Friday unveiled "Vivo V9 Youth" -- a customised variant of the Vivo V9 flagship smartphone for the youth. ... read..


Economic Affairs Secy discusses NDB's project pipelines in Washington
Washington D.C. [USA] | April 20, 2018 12:01:13 AM IST
Department of Economic Affairs Secretary Subhash Chandra Garg discussed the enhancement of project pipelines of New Development Bank (NDB) evenly across member countries, expansion of NDB's membership, the proposal of the South African Presidency for sett ... read..


Flexi personal loans from Bajaj Finserv
Pune (Maharashtra) [India] | April 20, 2018 12:01:13 AM IST
Pune (Maharashtra) [India], April 20 (NewsVoir): Bajaj Finserv, India's leading private sector financial solutions provider, is running a special campaign, offering personal loans with flexi loan feature at attractive rates of interest for its customers t ... read..


Key equity indices trade in red during afternoon session (Lead)
Mumbai | Friday, 2018 2:45:04 PM IST
The key equity indices on Friday traded in the negative territory during the afternoon trade on weak global cues. ... read..


2G: Court issues notice to Essar-Loop promoters on CBI plea
New Delhi | Friday, 2018 2:45:04 PM IST
The Delhi High Court on Friday issued notice to the Essar-Loop promoters on a CBI plea challenging a trial court judgment that acquitted them in the 2G spectrum allocation case. ... read..


Petrol price in Delhi touches Rs 74.08, highest since September 2013
New Delhi | Friday, 2018 2:15:05 PM IST
Petrol prices in Delhi touched a fresh high of Rs 74.08 per litre on Friday, the highest in nearly five years. ... read..


Turkey not in India's e-visa list of 160 countries: Ambassador
New Delhi | Friday, 2018 2:15:05 PM IST
Turkey remains excluded from India's liberalised visa regime designed to boost people-to-people contact whereby the latter has already granted e-visa facilities to 160 countries, Turkish Ambassador Sakit Ozlan Torunlar said on Friday. ... read..


LAVA launches first all-women operated service centre in India
New Delhi | Friday, 2018 1:45:04 PM IST
Domestic handset maker LAVA on Friday launched its first all-women operated mobile handset service centre in India where customers will be able to view and experience the repair of their mobile handsets in front of them. ... read..


Chidambaram attacks government on fuel prices
New Delhi | Friday, 2018 1:45:04 PM IST
As fuel prices touched a five-year high, former Finance Minister P Chidambaram on Friday asked the government why prices of petrol and diesel were higher than in May, 2014 when the international oil prices were higher than they are now. ... read..


Intel kills 'Vaunt' smart glass project
San Francisco | Friday, 2018 1:15:04 PM IST
Global chip-maker Intel has shut down its "New Devices Group" (NDG) and ceased the development of "Vaunt" smart glasses who were like the eye-mounted wearables like Google Glass, the media reported. ... read..


Top battery manufacturers face Rs 213 cr-fine for cartelization
New Delhi [India] | April 20, 2018 12:01:13 AM IST
The Competition Commission of India (CCI) on Thursday passed its final order imposing penalty on three leading Indian zinc-carbon dry cell battery manufacturers - Eveready Industries India Ltd. (Eveready), Indo National Ltd. (Nippo), and Panasonic Energy ... read..


Cash crunch could be superficial, says SBI
New Delhi [India] | April 20, 2018 12:01:13 AM IST
The State Bank of India (SBI) on Thursday said that the current and sudden surge in Currency in Circulation (CIC) could be superficial. ... read..


Andhra to get 50 new 'Moto Hubs'
Vijayawada (Andhra Pradesh) [India] | April 20, 2018 12:01:13 AM IST
Vijayawada (Andhra Pradesh) [India] April 20 (ANI) Motorola India on Thursday announced to open 50 new 'Moto Hubs' across top 12 cities of Andhra Pradesh. ... read..


IMF projects India's growth at 7.4 pct in 2018
New Delhi [India] | April 20, 2018 12:01:13 AM IST
The International Monetary Fund (IMF) on Thursday said that it expects India to re-emerge as one of the fastest growing major economies in the 2018 - 2019 period, projecting the country's growth rate at 7.4 percent in 2018. ... read..


Go to Bajaj Finance for fixed deposit management
Pune (Maharashtra) [India] | April 20, 2018 12:01:13 AM IST
Pune (Maharashtra) [India], Apr. 20 (NewsVoir): Bajaj Finance Ltd., the lending arm of Bajaj Finserv, has simplified the online application process for opening FDs offering the customers a hassle-free experience. ... read..


INFIN8: A new revolution in finance sector
New Delhi [India] | April 20, 2018 12:01:13 AM IST
New Delhi [India], Apr. 20 (NewsVoir): Vikram Raichura, CEO of VivaConnect along with Radhika Raichura, announced their new venture 'INFIN8'. INFIN8 offers a quick and easy process of connecting potential borrowers with multiple lenders through both onlin ... read..


UC Browser launches UC Miss Cricket Contest
New Delhi [India] | April 20, 2018 12:01:13 AM IST
New Delhi [India], Apr. 20 (NewsVoir): India's No.1 mobile browser, UC Browser has launched a new campaign to select UC Miss Cricket, giving its 130 million monthly active users another reason to get on the platform this cricket season. ... read..


Tourist arrivals in Nepal surge
Bhaktapur [Nepal] | April 20, 2018 12:01:13 AM IST
Ramesh Pandey is a vendor operating in and around the World Heritage city of Bhaktapur, making attempts to sell his flutes. ... read..


Dell brings AMD Ryzen processors to its 'Inspiron' series
New Delhi | Friday, 2018 12:45:04 PM IST
To elevate the entertainment experience for its users, Dell on Friday announced that it is bringing AMD Ryzen processor with "Radeon RX Vega Graphics" to its "Inspiron" portfolio. ... read..


PNB claims expected recovery of Rs 1,800 cr from "Mission Gandhigiri"
New Delhi | Friday, 2018 12:45:04 PM IST
State-run lender Punjab National Bank is expected to recover around Rs 1,800 crore from its non-performing assets (NPAs) recovery mechanism -- "Mission Gandhigiri" -- which will soon complete one year of operation. ... read..


Japan-based Komori Corporation opens India subsidiary
New Delhi | Friday, 2018 12:15:04 PM IST
Tokyo-based Komori Corporation Ltd -- the third largest manufacturer of printing presses in the world -- on Friday announced the establishment of its India subsidiary that will introduce customised printing presses suitable for the domestic market. ... read..


Apple to donate to mark Earth Day
San Francisco | Friday, 2018 12:15:04 PM IST
In its mission to create a healthier planet through innovation, Apple on Friday announced a donation programme and debuted a disassembly robot "Daisy" as a part of its ongoing recycling effort. ... read..


Less data requests from cops: Microsoft
San Francisco | Friday, 2018 11:45:04 AM IST
Microsoft received 22,939 legal requests for customer information from law enforcement agencies during the second half of 2017, which is a slight decrease from the previous six-month period, the company has said. ... read..


India contributing to global growth in financial inclusion: World Bank report
New Delhi [India] | April 20, 2018 12:01:13 AM IST
The Global Findex Report, 2017 released by the World Bank on Friday gives India more than one reason to cheer, as it notes the rapid increase in financial inclusion that has taken place in the country. ... read..


Key Indian equity indices open flat
Mumbai | Friday, 2018 10:15:04 AM IST
The key Indian equity indices opened on a flat note on Friday. ... read..


SA leader leaves Commonwealth summit to deal with protests
Pretoria | Friday, 2018 9:15:04 AM IST
South African President Cyril Ramaphosa had to cut short his attendance at the Commonwealth summit in London to deal with violent protests at home, his office said. ... read..


IMF urges US to reduce debt as economic recovery continues
Washington | Friday, 2018 6:15:04 AM IST
The Managing Director of the International Monetary Fund, Christine Lagarde, urged the administration of US President Donald Trump here on Thursday to reduce the government's debt and deficit in the context of a continued economic recovery. ... read..


Modi meets leaders of Commonwealth nations on sidelines of CHOGM (Lead)
London | Thursday, 2018 11:45:05 PM IST
As part of India's diplomatic reach-out across the Commonwealth nations, Indian Prime Minister Narendra Modi on Thursday met a number of leaders of Commonwealth nations, including the Prime Ministers of Australia and Bangladesh, on the sidelines of the Co ... read..


IndusInd Bank's Q4 net profit up 27%
Mumbai | Thursday, 2018 11:45:04 PM IST
Lending major IndusInd Bank on Thursday reported a 27 per cent increase in net profit for the fourth quarter (Q4) of 2017-18. ... read..


TCS gifts 1:1 bonus shares to investors
Mumbai | Thursday, 2018 11:15:04 PM IST
Tata Consultancy Services (TCS) on Thursday announced 1:1 bonus shares of Re 1 face value to its investors at the end of fiscal 2017-18. ... read..


Panneerselvam meets 15th Finance Commission Chairman (Lead)
Chennai | Thursday, 2018 11:15:04 PM IST
Tamil Nadu Deputy Chief Minister O. Panneerselvam on Thursday met N.K. Singh, Chairman of the 15th Finance Commission, in New Delhi and put across the state's views on the latter's Terms of Reference (ToR), an official said. ... read..


Modi meets leaders of Commonwealth nations on margins of CHOGM
London | Thursday, 2018 11:15:04 PM IST
As part of India's diplomatic reach-out across the Commonwealth nations, Indian Prime Minister Narendra Modi on Thursday met a number of leaders of Africa, and the island nations of the Caribbean, Indian Ocean and the Pacific on the sidelines of the Commo ... read..


Mukesh Ambani, 2 other Indians in Fortune Greatest Leaders 2018
Mumbai | Thursday, 2018 10:45:05 PM IST
Three Indians, including Reliance Industries (RIL) Chairman Mukesh Ambani and human rights lawyer Indira Jaising, feature in Fortune magazine as the 50 Greatest Leaders of 2018, released on Thursday. ... read..


Panneerselvam meets 15th Finance Commission Chairman
Chennai | Thursday, 2018 10:45:05 PM IST
Tamil Nadu Deputy Chief Minister O.Panneerselvam on Thursday met N.K.Singh, Chairman of the 15th Finance Commission in Delhi and put across the state's views on the the latter's Terms of Reference (ToR). ... read..


Current currency shortage could be superficial: SBI Report
Mumbai | Thursday, 2018 10:45:05 PM IST
Cash withdrawals from ATMs actually declined in the January-March quarter of last financial year on the sequential basis, implying the current shortage could be "superficial", a report from State Bank of India said on Thursday. ... read..


TCS net up 4.6% in Q4, slips 1.8% for 2017-18 (Lead)
Mumbai | Thursday, 2018 10:45:04 PM IST
Tata Consultancy Services (TCS) on Thursday reported that its consolidated net profit for the fourth quarter (Q4) increased 4.6 per cent annually but declined 1.8 per cent yearly for fiscal 2017-18 in rupee terms. ... read..


Reliance Power Q4 net at Rs 250 cr up 16% on higher generation
Mumbai | Thursday, 2018 10:15:04 PM IST
Reliance Power on Thursday posted a 16 per cent rise in its net profit for the fourth quarter ending March at Rs 250 crore on account of higher electricity generation. ... read..


Four Maharashtra villagers attempt suicide in revenue office (Lead)
Parbhani (Maharashtra) | Thursday, 2018 9:45:04 PM IST
Four villagers attempted suicide on Thursday by consuming pesticides in a local revenue office in Maharashtra's Parbhani district, an official said. All are out of danger. ... read..


SC feels PILs being used for personal, political, business agenda
New Delhi | Thursday, 2018 9:15:04 PM IST
The Supreme Court on Thursday expressed serious concern over the manner in which Public Interest Litigation (PIL) was being "brazenly mis-utilised" by persons with a personal, political and business agenda. ... read..


At 190 mn, India has second largest unbanked population: World Bank
New Delhi | Thursday, 2018 9:15:04 PM IST
About 190 million Indian adults still don't have a bank account, second only to China, despite the account ownership more than doubling from 35 per cent in 2011 to 80 per cent in 2017, a World Bank report said on Thursday. ... read..


PE, VC funds with adequate net worth, capability can bid for AI: Official
New Delhi | Thursday, 2018 9:15:04 PM IST
Private equity and venture capital funds with adequate net worth and capability are welcome to bid for Air India through its strategic divestment programme, a senior government official said on Thursday. ... read..


Delhiites may soon be compensated for power outage
New Delhi | Thursday, 2018 9:15:04 PM IST
Lt Governor Anil Baijal on Thursday approved a proposal from the Delhi government to compensate consumers for unscheduled power cuts lasting longer than one hour. ... read..


Monetary panel minutes signal a hawkish RBI in the offing
Mumbai | Thursday, 2018 9:15:04 PM IST
The RBI has signalled the prospect of a more hawkish stance on interest rates despite lowering its inflation forecast for the current year at its first monetary policy review of the fiscal earlier this month, according to the minutes of the central bank ... read..


CBI searches seven places in disproportionate assets case
New Delhi | Thursday, 2018 8:45:04 PM IST
The CBI on Thursday carried out searches at seven places in connection with disproportionate assets cases involving senior official Prashant Kumar Sinha, an official said. ... read..


SBI not to charge fees on PoS cash withdrawals
New Delhi | Thursday, 2018 8:45:04 PM IST
Lending major State Bank of India on Thursday said that it will not charge any fees from customers who avail the facility of withdrawing cash through its PoS (Point of Sale) machines installed across various merchant locations. ... read..


TCS net slips 1.8% in 2017-18
Mumbai | Thursday, 2018 8:15:05 PM IST
Tata Consultancy Services (TCS) on Thursday reported Rs 25,826 crore consolidated net profit for fiscal 2017-18, registering 1.8 per cent yearly decline from Rs 26,289 crore posted in 2016-17. ... read..


SC allows Sahara to sell parcels of Aamby Valley till May 15
New Delhi | Thursday, 2018 8:15:05 PM IST
The Supreme Court on Thursday allowed the Sahara Group to choose and sell any parcel of its property in its Aamby Valley project in Maharashtra by May 15 and deposit the money in the SEBI-Sahara Refund Account. ... read..


China to impose anti-dumping measures on synthetic rubber imports
Beijing | Thursday, 2018 8:15:05 PM IST
China is set to impose temporary anti-dumping measures on imports of synthetic rubber from the US, the EU and Singapore, the Ministry of Commerce said on Thursday. ... read..


Tourism will help Tripura develop: CM (Lead, deleting last para)
Agartala | Thursday, 2018 7:45:05 PM IST
Tripura will flourish swiftly if tourism is developed, Chief Minister Biplab Kumar Deb has said, adding his BJP government will do everything to transform it into a model state in three years. ... read..


Expectations of healthy Q4 results, global cues push equity indices higher (Roundup)
Mumbai | Thursday, 2018 7:45:05 PM IST
Expectations of healthy quarterly earning results coupled with a rebound in commodity prices and broadly positive global indices pushed the Indian equity market to close at its highest level in the last seven weeks on Thursday. ... read..


Group of Transport Ministers proposes uniform road tax across country
Guwahati | Thursday, 2018 7:45:05 PM IST
In a significant decision, the Group of Ministers on Transport on Thursday proposed an "one nation, one tax" formula to bring a harmony in motor vehicle taxes across different states. ... read..


TCS net up 4.6% annually in Q4
Mumbai | Thursday, 2018 7:45:05 PM IST
Tata Consultancy Services (TCS) on Thursday reported Rs 6,925 crore consolidated net profit for the fourth quarter of fiscal 2017-18, registering 4.6 per cent annual and 5.8 per cent quarterly growth in rupees. ... read..


Jaishankar seeks waiver of cooling-off period for joining Tatas
New Delhi | Thursday, 2018 7:15:04 PM IST
Former Foreign Secretary S. Jaishankar is slated to join Tata Sons as its head of global strategy and has written to Prime Minister Narendra Modi for a waiver of the mandatory cooling-off period for bureaucrats seeking commercial employment, well-informed ... read..


Fortis Healthcare sets up advisory panel to evaluate proposals (Lead)
Mumbai | Thursday, 2018 6:45:04 PM IST
Fortis Healthcare on Thursday decided to constitute an "expert advisory committee" to evaluate all binding proposals for fund infusion. ... read..


BSES, TERI tie-up on energy efficiency, student awareness
New Delhi | Thursday, 2018 6:15:05 PM IST
Delhi power distribution company (Discom) BSES on Thursday announced that it has signed separate agreements with The Energy and Resources Institute (TERI) to deal with different aspects of energy conservation and conduct research on Demand Side Management ... read..


Russian diamond firm launches office in Mumbai
New Delhi | Thursday, 2018 6:15:05 PM IST
Russian diamond mining major Alrosa on Thursday announced the launch of its representative office at Bharat Diamond Bourse in Mumbai. ... read..


Music streaming drives 27% growth in Indian music industry
New Delhi | Thursday, 2018 6:15:05 PM IST
The total music industry revenues in India grew from Rs 570.7 crore in 2016 to Rs 725.6 crore in 2017. This increase in revenue by Rs 154.9 crore is the largest since 2011, according to data from IFPI, a not-for-profit international organisation which rep ... read..


Empty ATMs: RBI Governor should quit, demands AIBEA
Chennai | Thursday, 2018 6:15:05 PM IST
The All India Bank Employees' Association (AIBEA) on Thursday demanded Reserve Bank of India Governor Urjit Patel quit as the central bank is grossly negligent on several issues, including the cashless ATMs across the country. ... read..


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