Wednesday, October 23, 2019
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BUSINESS

BSE asks Infosys to explain its non-disclosure of whistleblower complaint
Mumbai (Maharashtra) | October 23, 2019 6:11:46 PM IST
BSE Ltd (earlier known as Bombay Stock Exchange) on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint which alleged that the company's top executives were following unethical practices to shore up profits ... read..


JSW Steel reports Q2 PAT of Rs 2,917 crore but revenue falls on weak demand
Mumbai (Maharashtra) | October 23, 2019 5:41:54 PM IST
JSW Steel, the flagship business of 14 billion dollar JSW Group, on Wednesday reported a standalone profit after tax of Rs 2,917 crore during the second fiscal quarter on revenue from operations totalling Rs 15,520 crore. ... read..


Nearly 1 lakh Malayali NRIs are currently looking for Life Partner online: Research Report by KeralaMatrimony
New Delhi | October 23, 2019 5:41:39 PM IST
KeralaMatrimony, the leading matchmaking service for Malayalis, from BharatMatrimony, studied the demographic patterns of over 4 lakh registered users. ... read..


Renowned singers express love for childhood in CRY's Music Anthem
| October 23, 2019 5:41:38 PM IST
New Delhi [India] Oct 23 (ANI/NewsVoir): 'Bachpan ki dhun' urges people to reminisce and sing aloud their childhood memories. ... read..


TOEFL program launches TOEFL Official App and Cuts Score Reporting Time to just six days
| October 23, 2019 5:41:33 PM IST
Princeton [USA] Oct 23 (ANI/NewsVoir): Available now, students worldwide can download the TOEFL official app through the Apple App Store or Google Play. ... read..


Homes worth Rs 1.54 lakh crore sold in top 7 cities in 2019: Anarock
Pune (Maharashtra) | October 23, 2019 4:12:06 PM IST
Despite depressed consumption sentiment, the top seven cities saw homes worth Rs 1.54 lakh crore sold in first three quarters of 2019, rising yearly by 16 per cent, Anarock Property Consultants said on Wednesday. ... read..


Inox Leisure reports 42 pc growth in Q2 total revenue
Mumbai (Maharashtra) | October 23, 2019 4:11:40 PM IST
Multiplex chain Inox Leisure Ltd on Wednesday reported total revenue of Rs 524 crore in the July to September quarter, 42 per cent up from Rs 369 crore in the corresponding quarter of FY19. ... read..


BharatPe wins Innovation in Digital Payments Award at MeitY
| October 23, 2019 4:11:37 PM IST
Pune (Maharashtra) [India] Oct 23 (ANI/NewsVoir): BharatPe, India's largest merchant fin-tech company has won the DigiDhan Mission Fin-tech Award 2018-2019 for 'Innovation in Digital Payments through Emerging Technology' at the MeitY Start-up Summit 2019 ... read..


Diwali offers 2019: Last chance to avail Bajaj Finserv's sparkling Diwali offers
| October 23, 2019 4:11:36 PM IST
Pune (Maharashtra) [India] Oct 23 (ANI/BusinessWire India): The festive season is upon us and the celebrations have begun. Shopping is on in full swing and we're always on the lookout for the best of Diwali offers. And just when you thought you had seen i ... read..


Equities remain range-bound, HCL Tech top gainer
Mumbai (Maharashtra) | October 23, 2019 4:11:34 PM IST
Equity indices remained range-bound in lacklustre trading on Wednesday amid weak global cues as investors awaited corporate results for the second fiscal quarter. ... read..


Markets open in the red on Wednesday
Mumbai | Wednesday, 2019 3:45:05 PM IST
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade. ... read..


Bajaj Auto reports 22 pc increase in Q2 net profit at Rs 1,402 crore
Mumbai (Maharashtra) | October 23, 2019 2:11:37 PM IST
Two-and three-wheeler manufacturer Bajaj Auto on Wednesday reported 22 per cent year-on-year jump in its profit after tax to Rs 1,402 crore during the July to September (Q2) quarter of current financial year. ... read..


Affle files 14 tech patents to strengthen consumer platform offerings
New Delhi | October 23, 2019 1:41:43 PM IST
Consumer intelligence platform Affle India Ltd has filed 14 patents in Singapore and the United States. ... read..


Moodcafe hosts second edition of 'Time Donation Camp' in Aamchi Mumbai
| October 23, 2019 12:41:47 PM IST
Mumbai (Maharashtra) [India] Oct 23 (ANI/NewsVoir): Moodcafe, digital mental health, and wellness platform, launched by alumni of IIM Ahmedabad and IIT Roorkee, today organized its second edition of 'Time Donation Camp' in Mumbai. ... read..


The 4th edition of UNESCO-Merck Africa Research Summit- MARS 2019 to be conducted by Merck Foundation in Accra, Ghana
| October 23, 2019 12:41:44 PM IST
Accra [Ghana]/Mumbai (Maharashtra) [India] Oct 23 (ANI/ BusinessWire India): Merck Foundation, the philanthropic arm of Merck Germany plans to conduct the new edition of their 'UNESCO - Merck Africa Research Summit (MARS) 2019' in partnership with African ... read..


Supertech gets Rs 293 crore recovery notice for Cape Town project
Noida (Uttar Pradesh) | October 23, 2019 12:41:42 PM IST
The Noida Authority has issued a recovery certificate against Supertech Ltd, saying real estate major defaulted on the payment of Rs 253 crore in principal amount for its Cape Town project in Sector 74 of Noida. ... read..


Enterprises believe 5G will help generate new revenue streams: Infosys research
Bengaluru (Karnataka) | October 23, 2019 11:41:43 AM IST
A new market research study by Infosys Knowledge Institute has gathered empirical evidence to show how mass machine communication is expected to be the most transformed application with 5G and why data security emerges as the most critical barrier to its ... read..


Almond Branding is now India's Best Packaging Design Studio
| October 23, 2019 11:11:36 AM IST
Mumbai (Maharashtra) [India] Oct 23 (ANI/BusinessWire India): Almond Branding has won India's Best Design Studio Award 2019 for Packaging design. Initiated in 2015, 'India's Best Design Awards' are the first to recognize Design Studios for their professio ... read..


Infosys shares plunge 15% on whistleblower letter
Mumbai | Wednesday, 2019 10:50:55 AM IST
Infosys shares opened with severe losses and plunged 15 per cent on Tuesday, following a whistleblower complaint alleging "unethical practices" by the companys Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy. ... read..


Jharkhand CM Raghubar Das launches Khadi on wheels
Ranchi | Wednesday, 2019 10:50:55 AM IST
Jharkhand Chief Minister Raghubar Das launched Khadi on wheels here on Tuesday. ... read..


States beat Centre in ensuring GST returns compliance
New Delhi | Wednesday, 2019 10:50:55 AM IST
A Finance Ministry review of compliance behaviour of GST assessees has shown states outperforming the Centre. ... read..


IndiGo scouts for Central Asian destinations, more China flights
Ho Chi Minh City | Wednesday, 2019 10:50:55 AM IST
After consolidating its presence in West and Southeast Asia, India's largest passenger carrier IndiGo plans to add more destinations in China next year followed by a likely entry into the Central Asian market. ... read..


Equity gauges flat on global cues, private banks suffer losses
Mumbai (Maharashtra) | October 23, 2019 10:41:35 AM IST
Equity benchmark indices remained flat on the bourses during early hours of Wednesday amid weak global cues as investors awaited a slew of corporate earnings of the second fiscal quarter. ... read..


US stocks close lower amid earnings
New York | Wednesday, 2019 9:45:05 AM IST
US stocks closed lower as investors digested a batch of corporate earnings reports. ... read..


Delhi's Vivaan Gupta becomes the youngest Indian to travel all continents of the world
| October 23, 2019 9:11:33 AM IST
New Delhi [India] Oct 23 (ANI/BusinessWire India): Delhi resident Vivaan Gupta who is just eight years old has become the youngest Indian to travel all continents of the world. ... read..


US dollar rises amid falling sterling
New York | Wednesday, 2019 8:45:05 AM IST
The US dollar appreciated in late trading amid declining sterling on the backdrop of renewed Brexit fears. ... read..


Enjoy a fresh and clean Diwali season with HiCare's services
| October 23, 2019 8:41:34 AM IST
Mumbai (Maharashtra) [India] Oct 23 (ANI/BusinessWire India): It's that time of the year again where you might need India's leading pest control and home hygiene brand HiCare the most. ... read..


Airtel fastest in downloads, Jio tops 4G availability
New Delhi | Wednesday, 2019 4:15:05 AM IST
Bharti Airtel has displayed fastest download speeds of 9.6 mbps and best video experience across all telecom circles in India, while Reliance Jio has extended its 4G availability to 97 per cent, according to OpenSignal's latest mobile network experience r ... read..


Modi govt may announce Rabi MSP on Wednesday
New Delhi | Wednesday, 2019 4:15:05 AM IST
The Modi government is planning a big announcement for the farmers ahead of Diwali. The government can announce a hike in the minimum support price (MSP) of Rabi or winter crops on Wednesday. ... read..


Railways install modern electronic system at Tundla
New Delhi | Wednesday, 2019 3:45:05 AM IST
In good news for rail passengers travelling from Howrah to Delhi, the Indian Railways has installed the most advanced electronic interlocking system at Tundla railway station, replacing the 65-year-old mechanical signalling system. This will help in reduc ... read..


Infosys draws flak over delay on whistleblower's complaint
Mumbai | Wednesday, 2019 3:45:05 AM IST
Infosys has drawn criticism over delayed action on the serious claims by a whistleblower group as Chairman Nandan Nilekani indicated that the board was already aware of the whistleblower's letter. ... read..


Sonowal for early revival of Indo-Bangla trade network
Guwahati | Wednesday, 2019 3:15:05 AM IST
Assam Chief Minister Sarbananda Sonowal has called for joint efforts to boost growth of India and Bangladesh through expeditious implementation of agreements inked for reviving the multi-model communication network ... read..


Modi's new Mission Kashmir: Saffron revolution
New Delhi | Wednesday, 2019 3:15:05 AM IST
The Modi government is working on a mission mode to double the production of saffron in the Kashmir Valley, which is likely to change the fate of thousands of farmers engaged in the cultivation of this expensive spice, said agriculture scientists adding t ... read..


HFCL's Q2 consolidated net profit up 32%
New Delhi | Wednesday, 2019 2:45:05 AM IST
Telecom equiptment and infrastructure developer HFCL (formerly Himachal Futuristic Communications Ltd) on Tuesday reported a 31.8 per cent rise in its consolidated net profit at Rs Rs 66 crore for the quarter ended September, on a year-on-year (YoY) basis ... read..


CBRE launches foundation for CSR in India
New Delhi | Wednesday, 2019 2:15:05 AM IST
Real estate services and investment firm CBRE South Asia on Tuesday announced the launch of CBRE Cares, a foundation for corporate social responsibility (CSR). ... read..


Odisha's revenue generation till September grows 8.10%
Bhubaneswar | Wednesday, 2019 2:15:05 AM IST
Odisha's revenue augmentation shows an upward trend by end of September in fiscal 2019-20, marking a growth rate of around 8.10 per cent over the corresponding period of last fiscal year, a senior official said on Tuesday. ... read..


Abhijit Banerjee reaches Kolkata to a tumultuous welcome
Kolkata | Wednesday, 2019 2:15:05 AM IST
Huge number of people held aloft placards and banners welcoming him, as Nobel Prize in Economics winner Abhijit Vinayak Banerjee returned to Kolkata to a tumultuous welcome on Tuesday evening. ... read..


Rahul meets Concor union, slams divestment proposal
New Delhi | Wednesday, 2019 2:15:05 AM IST
Former Congress President Rahul Gandhi on Tuesday met the agitating staff union of the Container Corporation of India (Concor) who are protesting against the proposed disinvestment of the state-run company. ... read..


PMC Bank despositors' woes mount as RBI Governor abroad
Mumbai | Wednesday, 2019 1:45:05 AM IST
The aggrieved depositors of the scam-hit Punjab & Maharashtra Cooperative Bank Ltd found no solution at a meeting with Reserve Bank of India (RBI) officials as the apex bank Governor Shaktikanta Das is currently touring abroad, representatives said here o ... read..


Railways to spend Rs 18,000 cr to run trains at 160 kmph
New Delhi | Wednesday, 2019 1:45:05 AM IST
In a bid to increase the speed of the trains up to 160 kmph on the busy Delhi-Howrah and Delhi-Mumbai route, the Indian Railways will invest Rs 18000 crore on upgrading infrastructure. The remarks were made by Railway Board Chairman V. K. Yadav after inau ... read..


110 international buyers to attend Goa travel mart
Panaji | Wednesday, 2019 1:45:05 AM IST
As many as 110 international buyers are expected to attend the third edition of the Goa International Travel Mart, which is scheduled to kick-off in the state capital on Wednesday, a Goa Tourism spokesperson said on Tuesday. ... read..


BJP to gift Goa Congress prez Abhijit Banerjee's book
Panaji | Wednesday, 2019 1:45:05 AM IST
Even as several BJP leaders across India have criticised Nobel laureate Abhijit Banerjee for his 'left leaning' economics, Goa's Environment Minister Nilesh Cabral on Tuesday justified the BJP-led coalition government's spending on populist welfare scheme ... read..


Tuhin Kanta Pandey appointed new DIPAM Secretary
New Delhi | Wednesday, 2019 1:15:05 AM IST
Tuhin Kanta Pandey, a 1987 batch IAS of the Odisha cadre has been appointed as the new Department of Investment and Public Asset Management (Dipam)Secretary, an official order said on Tuesday. ... read..


Infosys plunges 17%, Sensex ends 334 pts lower (Lead)
Mumbai | Tuesday, 2019 11:45:06 PM IST
The benchmark Sensex closed 334 points lower on Tuesday, dragged down by IT major Infosys. But gains by banks and other financial stocks arrested the slide to some extent. ... read..


AAP asks BJP to clarify on Delhi's 200-unit free power scheme
New Delhi | Tuesday, 2019 11:15:05 PM IST
Attacking the BJP for saying it will withdraw the scheme providing Delhi citizens free electricity up to 200 units, the ruling Aam Aadmi Party (AAP) on Tuesday asked the Bharatiya Janata Party (BJP) to clarify its stand on the existing free power scheme. ... read..


Abhijit Banerjee for bringing govt stake in PSBs below 51% (Lead)
New Delhi | Tuesday, 2019 11:15:05 PM IST
Nobel laureate Abhijit Banerjee on Tuesday called for reducing the government equity in public sector banks to below 51 per cent to remove the fear psychosis among bankers. ... read..


Infosys logs worst fall in over 6 years, ends 17% lower (Lead)
Mumbai | Tuesday, 2019 10:45:05 PM IST
IT major Infosys saw its worst day on the bourses in over six years on Tuesday as investors pulled out their funds over recent corporate governance issues. Its scrips settled nearly 17 per cent lower despite assurances from the company top brass. ... read..


After IRCTC, DIPAM sets sight on IPOs of IRFC, RailTel
New Delhi | Tuesday, 2019 10:45:05 PM IST
The disinvestment department is hopeful of completing the listing of two rail PSUs, including the Indian Railway Finance Corporation (IRFC), in the current fiscal after the successful listing of IRCTC. ... read..


DoT prepares Rs 74,000 cr revival plan for BSNL, MTNL
New Delhi | Tuesday, 2019 9:45:05 PM IST
The DoT will send a proposal to the cabinet for a revival plan worth Rs 74,000 crore for the ailing state-run telecom firms - BSNL and MTNL - where Rs 22,000 crore would be in the way of capital infusion for acquiring 4G spectrum, and for a voluntary reti ... read..


Nandan Nilekani steps in to soothe Infosys investors (Lead)
Mumbai | Tuesday, 2019 6:45:05 PM IST
In an attempt to soothe investor sentiments, Infosys Chairman Nandan Nilekani on Tuesday assured investigations to the "fullest extent" into allegations of unethical practices against its Chief Executive Officer (CEO) Salil Parekh and Chief Financial Offi ... read..


Nicole Kidman wears platinum jewellery to the 'Gala for the Global Ocean'
| October 22, 2019 6:41:42 PM IST
Mumbai (Maharashtra) [India] Oct 22 (ANI/NewsVoir): Nicole Kidman wore Platinum jewellery from Harry Winston to the Gala for the Global Ocean in Monte-Carlo on September 26th. ... read..


The Asian Society for Emergency Medicine (ASEM 2019) announces its 10th Asian Conference to be held for the First Time in India
| October 22, 2019 6:41:41 PM IST
New Delhi [India] Oct 22 (ANI/NewsVoir): The Asian Society for Emergency Medicine (ASEM) and Society for Emergency Medicine India (SEMI) announces the 10th Asian Conference on Emergency Medicine (ACEM) in New Delhi, India from November 7th-10th, 2019. ... read..


GSK Pharma closes Q2 revenue up 8 pc at Rs 873 crore
Mumbai (Maharashtra) | October 22, 2019 6:41:38 PM IST
GlaxoSmithKline (GSK) Pharmaceuticals on Tuesday reported revenue for the quarter ended September 30 at Rs 873 crore with a year-on-year growth of 8 per cent. ... read..


Axis Bank reports Q2 loss of Rs 112 crore due to one-time tax impact
Mumbai (Maharashtra) | October 22, 2019 6:11:38 PM IST
Private lender Axis Bank on Tuesday reported a net loss of Rs 112 crore on a for the second quarter of current fiscal due to a one-time tax impact compared to a net profit of Rs 790 crore in the corresponding July to September quarter of previous fiscal. ... read..


Infosys techies complaints before audit committee: Nilekani
Bengaluru | Tuesday, 2019 5:45:05 PM IST
Infosys techies complaints flagging unethical business practices by Infosys Chief Executive Salil Parekh and Chief Financial Officer Nilanjan Roy have been placed before an Audit Committee, said Infosys chairman Nandan Nilekani in a statement on Tuesday. ... read..


Celebrating 'Home, Reunion, Warmth', Helo launches Diwali Campaign
| October 22, 2019 5:41:41 PM IST
New Delhi [India] Oct 22 (ANI/NewsVoir): To usher in the festival of Diwali, Helo, the leading social media platform, launches its #HappyDiwali and #Diwali2019 hashtag campaign from 20th to 28th October 2019. ... read..


American Express continues India Growth with over 600,000 new merchant additions since 2017
| October 22, 2019 5:41:39 PM IST
New Delhi [India] Oct 22 (ANI/NewsVoir): American Express, the world's largest card issuer by purchase volume and the largest integrated payments platform, has aggressively expanded its merchant coverage in India with over 600,000 new merchants added sinc ... read..


Wipro elected as DJSI World index member for 10th consecutive year
Bengaluru (Karnataka) | October 22, 2019 5:41:35 PM IST
IT major Wipro Ltd said on Tuesday that it has been selected as a member of the global Dow Jones Sustainability World Index (DJSI) 2019 for the tenth year in succession. ... read..


Sensex down 135 pts, Nifty IT index down 3.70%
Mumbai | Tuesday, 2019 5:15:05 PM IST
Investors distanced themselves from Infosys on the BSE during Tuesday's trade dragging the benchmark Sensex lower by 135 points. ... read..


Infosys shares plunge 16% on whistleblower letter
Mumbai | Tuesday, 2019 5:15:05 PM IST
Infosys shares opened with severe losses and plunged 15 per cent on Tuesday, following a whistleblower complaint alleging "unethical practices" by the companys Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy. ... read..


Infosys must act with urgency: Experts as stock tank
New York | Tuesday, 2019 5:15:05 PM IST
As Infosys (NYSE: INFY) reels from the onslaught of a whistleblower complaint alleging "unethical practices" by the companys Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy, crisis communications experts are recom ... read..


Sensex ends 335 points lower, Infosys cracks by over 16 pc after whistleblower complaint
Mumbai (Maharashtra) | October 22, 2019 5:11:42 PM IST
Equity benchmark indices closed in the red on Tuesday amid mixed global cues while software major Infosys recorded its sharpest intra-day fall in more than six years after a whistleblower complaint accused senior company officials of indulging in unethica ... read..


Banking ops affected due to bankers strike
Chennai | Tuesday, 2019 4:45:05 PM IST
Nearly 3,00,000 bankers in public and private sector banks refused work on Tuesday across the nation protesting merger of 10 government banks into four, affecting normal banking operations, claimed All India Bank Employees' Union (AIBEA). ... read..


Jubilant FoodWorks reports 12 pc revenue growth in Q2
Noida (Uttar Pradesh) | October 22, 2019 4:41:36 PM IST
Food services major Jubilant FoodWorks, which operates Domino's Pizza and Dunkin' Donuts chain in India, on Tuesday reported operating revenues for the second quarter of current fiscal at Rs 988 crore, marking a growth of 12 per cent over Q2 FY19. ... read..


Kotak Mahindra Bank Q2 profit gallops 51 pc to Rs 1,724 crore
Mumbai (Maharashtra) | October 22, 2019 4:11:38 PM IST
Kotak Mahindra Bank said on Tuesday its profit after tax totalled Rs 1,724 crore during the second quarter of the current financial year, up 51 per cent from Rs 1,142 crore in Q2 FY19. ... read..


Singh bros ran 7 shady firms to defraud RFL (IANS Exclusive-3)
New Delhi | Tuesday, 2019 3:15:05 PM IST
The Economic Offences Wing FIR against the Singh Brothers in the Religare Group fraud case shows their chicanery and duplicity. It points out to how Modland, Platinum, Prius and ANR -- entities controlled by Shivinder Mohan Singh (SMS) and Malvinder Mohan ... read..


Bajaj Finance Q2 profit moves up 63 pc to Rs 1,506 crore
Mumbai (Maharashtra) | October 22, 2019 3:11:39 PM IST
Bajaj Finance said on Tuesday that its consolidated profit after tax jumped 63 per cent to Rs 1,506 crore during the July to September quarter from Rs 923 crore in the same period of the previous year. ... read..


Adani Green commissions 50 MW wind energy project in Gujarat
Ahmedabad (Gujarat) | October 22, 2019 1:11:44 PM IST
Adani Green Energy Ltd (AGEL) has commissioned 50 megawatt of wind energy generation capacity in Kutch district of Gujarat. ... read..


US stocks close higher amid trade optimism
New York | Tuesday, 2019 12:15:05 PM IST
US stocks closed higher as optimism around China-US trade talks lifted investors' sentiment. ... read..


Muthoot Finance raises $450 million from international bond markets
Kochi (Kerala) | October 22, 2019 12:11:32 PM IST
Muthoot Finance Ltd, the largest gold loan company in India, has raised 450 million dollars by selling foreign currency bonds to international investors in its maiden issue of such an instrument. ... read..


Kartik Mohindra now part of Keepers of the Quaich, a global celebration of Scotch whisky
| October 22, 2019 11:41:40 AM IST
New Delhi [India] Oct 22 (ANI/BusinessWire India): The global success of Scotch whisky has been celebrated with new members of the Keepers of the Quaich being inducted into the international society at a private ceremony held at Blair Castle in Blair Atho ... read..


Infosys in damage control mode after complaints of unethical practices, stock down by 14 pc
Bengaluru (Karnataka) | October 22, 2019 11:11:33 AM IST
Software major Infosys said on Tuesday it has engaged law firm Shardul Amarchand Mangaldas and Company to conduct an independent investigation on two complaints by some employees about unethical measures to boost profits. ... read..


Higher seat quota for Gulf carriers on cards even as old deals under scanner
New Delhi | Tuesday, 2019 10:50:53 AM IST
After agreeing to expand flying rights with Saudi Arabia, the Civil Aviation Ministry would hold talks with the United Arab Emirates (UAE) on Wednesday to consider their demand to raise bilateral seat quota for designated carriers of the two sides. ... read..


Social media regulations to be ready by Jan 2020: Centre to SC
New Delhi | Tuesday, 2019 10:50:53 AM IST
The Centre on Monday informed the Supreme Court that the entire process of finalising the laws on regulating social media will be completed by January 2020, while seeking three months more time for notifying the final revised rules in accordance with law. ... read..


SC issues NBWs against Managing Directors of 32 companies
New Delhi | Tuesday, 2019 10:50:53 AM IST
The Supreme Court has issued non-bailable warrants against Managing Directors of 32 Mumbai-based companies after they failed to deposit a penalty of Rs 5 lakh each as ordered by the apex court in October 2016. ... read..


Conventional markets hit by e-commerce companies
Agra | Tuesday, 2019 10:50:53 AM IST
E-commerce companies are buying and selling goods on the Internet and are expanding their footprints everyday. This has impacted the business of local markets in a big way. Even during the festival season, most of the local markets here continue to look d ... read..


Equity gauges in the red, Infosys plunges by 13 pc after whistleblower complaint
Mumbai (Maharashtra) | October 22, 2019 10:41:37 AM IST
Equity indices were in the red during early hours on Tuesday amid mixed global cues but software major Infosys plunged by nearly 13 per cent after a whistleblower complaint accused senior company officials of indulging in unethical practices. ... read..


BA airhostess suspended after drunk friend's Singapore brawl (Lead)
New Delhi | Tuesday, 2019 5:15:05 AM IST
British Airways (BA) has suspended an air hostess after her drunk boyfriend got into a fight with a pilot. ... read..


Confusion around eligibility for lower MAT, clarity sought
New Delhi | Tuesday, 2019 4:45:05 AM IST
Even after a month of the government announcing a slash in corporate tax through an ordinance, confusion remains around the definition of manufacturer and business activities that would qualify for concessional minimum alternate tax (MAT) of 15 per cent. ... read..


Raj CM to take action for delay in Kalisindh Power Project
Jaipur | Tuesday, 2019 4:45:05 AM IST
The Rajasthan government on Monday approved the proposal for increasing the cost of Kalisindh Thermal Power Project (Unit 1 and 2) in Jhalawar district from Rs 9,479.51 crore to Rs 9,680.03 crore and issued directions to take action against officers and f ... read..


Railways to carry Amazon consignments for 3 months
New Delhi | Tuesday, 2019 4:15:05 AM IST
In a bid to increase revenue through the non-fare sources, the railways has decided to allow carriage to goods of e-commerce giant Amazon on a pilot basis for three months during the non-peak hours, officials said on Monday. ... read..


Infosys shares may slip on Tuesday, say analysts
Mumbai | Tuesday, 2019 3:45:05 AM IST
Infosys shares might open with heavy losses on Tuesday, after a letter by anonymous employees surfaced, accusing its Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy of unethical practices for several quarters. ... read..


It is just good work, I'm happy: Abhijit Banerjees mother
Kolkata | Tuesday, 2019 3:45:05 AM IST
Waiting eagerly for her son to come home after winning the Nobel, Economist Abhijit Vinayak Banerjee's mother says it is his late father's rationality and sobriety which has rubbed off on his son making him so balanced and matured in handling criticism as ... read..


Shopmatic, PayU ink deal to provide additional payment option
New Delhi | Tuesday, 2019 3:15:05 AM IST
International e-commerce firm Shopmatic on Monday said it has signed a strategic partnership with PayU, which will enable providing customers an additional payment option for selling products. ... read..


Swiss VP meets Goyal to discuss ways to modernise railways
New Delhi | Tuesday, 2019 3:15:05 AM IST
Switzerland Vice President Simonetta Sommaruga on Monday called on Union Railway and Commerce Minister Piyush Goyal to discuss ways to boost cooperation between the two nations and to modernise railways. Sommaruga met Piyush Goyal in the rail bhawan here ... read..


Infosys CEO mocks 2 directors as 'Madrasis', recall techies
Bengaluru | Tuesday, 2019 3:15:05 AM IST
Infosys Chief Executive Officer (CEO) Salil Parkih, who turned the fortunes of the global software vendor, is learnt to have mocked two independent directors of the company as "Madrasis", said unnamed ethical employees in a letter to the board. ... read..


BSNL revival plan expected in a month: Chairman
New Delhi | Tuesday, 2019 3:15:05 AM IST
The government's plan on reviving telecom company BSNL is expected to be in the public domain within a month and 4G spectrum will be allocated to the firm by the end of this year, BSNL Chairman and MD P.K. Purwar said on Monday. ... read..


Broad contours of Indo-US trade deal resolved: Goyal
New Delhi | Tuesday, 2019 2:45:05 AM IST
Hinting at an early announcement of the first set of agreements under the proposed India-US trade deal, Union Commerce Minister Piyush Goyal on Monday said that India and the US have resolved the broad contours of the proposed agreement. ... read..


BSNL partners YuppTV for video streaming service
New Delhi | Tuesday, 2019 2:45:05 AM IST
State-run Bharat Sanchar Nigam Ltd (BSNL) and over-the-top (OTT) content platform YuppTV on Monday signed a memorandum of understanding to offer bundled video content to broadband subscribers of the telecom operator to take on rivals Jio and Airtel. ... read..


Start-ups to get access to GeM portal for selling products
New Delhi | Tuesday, 2019 2:15:05 AM IST
The Ministry of Electronics and Information and Technnology (Meity) will scale up the availability of products and services of start-ups on GeM or Government eMarketplace platform where ministries, PSUs and departments can be prospective buyers. ... read..


Higher seat quota for Gulf carriers on cards even as old deals under scanner (Lead)
New Delhi | Tuesday, 2019 2:15:05 AM IST
After agreeing to expand flying rights with Saudi Arabia, the Civil Aviation Ministry would hold talks with the United Arab Emirates (UAE) on Wednesday to consider their demand to raise bilateral seat quota for designated carriers of the two sides. ... read..


Gold bonds open at Rs 3,835/gram on festive period demand hope
New Delhi | Tuesday, 2019 1:45:05 AM IST
The series VI of Sovereign Gold Bond Scheme 2019-20 opened for subscription on Monday, ahead of Dhanteras and Diwali, with the RBI fixing the price at Rs 3,835 per gram of gold. ... read..


Franchisees to offer choice of suppliers to power consumers
New Delhi | Tuesday, 2019 1:45:05 AM IST
Unable to introduce amendments to Electricity Act, 2003 due to lack of concensus among states, the Centre has decided to push through next big reform in the power sector - to allow consumers to choose their electricity suppliers offering the lowest tariff ... read..


Banking operations to be hit on Tuesday due to strike
Chennai | Monday, 2019 11:15:05 PM IST
Banking operations across the country will be affected on Tuesday as about 3.5 lakh bank employees will be on strike to protest mergers of government banks, said a top leader of All India Bank Employees' Association (AIBEA). ... read..


Indo-US energy trade to touch $10 billion in FY20: Pradhan
New Delhi | Monday, 2019 9:45:05 PM IST
India's energy trade with the US is likely to touch $10 billion in financial year 2019-20, with the country having increased its import of crude oil, LNG and coking coal, said Union Petroleum Minister Dharmendra Pradhan on Monday. ... read..


Facebook alerts people to vote on Maha, Haryana poll day
New Delhi | Monday, 2019 4:15:05 PM IST
Facebook on Monday activated its election notification feature for India, requesting people to go out and vote for their candidates in the Maharashtra and Haryana Assembly polls and post that they have voted. ... read..


Goa beach village bans migrants from running businesses
Panaji | Monday, 2019 3:45:05 PM IST
Residents of a beach village in South Goa, formally resolved to ban migrants from traditional and tourism-centric businesses in the village jurisdiction citing lack of business opportunities for local youth and law and order issues. ... read..


UltraTech Cement Q2 profit jumps to Rs 579 crore, board approves capex of Rs 940 crore
Mumbai (Maharashtra) | October 21, 2019 3:11:31 PM IST
Aditya Birla-led UltraTech Cement on Monday reported a consolidated profit after tax of Rs 579 crore during the July to September quarter of current financial year, up from Rs 356 crore in the same period of previous fiscal. ... read..


Colorix unveiled its Sub Pro-II sublimation printing machine in open house
Surat (Gujarat) | October 21, 2019 2:41:33 PM IST
Colorix, one of the most trusted brands in digital printing, has launched its Sub Pro-II sublimation (Paper Transfer) printing machine during two-day open house show held in the city. ... read..


CocoHigh: Spreading Happiness one Tin at a Time
Surat (Gujarat) | October 21, 2019 2:11:40 PM IST
Coco High, a brand of Erocare group, commenced its #CelebrateFriendshipcampaign by distributing their product at various NGOs. ... read..


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