Sunday, July 21, 2019
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NEWS
BUSINESS

Expansion flight: GoAir plans to enter Vietnam, Cambodia
Mumbai | Sunday, 2019 5:15:05 PM IST
Budget passenger carrier GoAir plans to add destinations such as Hanoi and Phnom Penh to its international network by the year-end, sources said. ... read..


British Airways, Lufthansa suspend flights to Cairo (Lead)
London | Sunday, 2019 4:45:05 PM IST
British Airways and German airline Lufthansa, two of Europe's largest airlines, have suspended flights to Cairo for unspecified security reasons. ... read..


India set to get first dedicated LGBT hiring consultancy
Mumbai | Sunday, 2019 3:15:05 PM IST
Almost a year after the landmark Supreme Court judgement decriminalising homosexuality, India is set to get its first dedicated hiring consultancy firm for the members of the LGBT (lesbian, gay, bisexual, transgender/transsexual, intersex and queer/questi ... read..


Indices to remain volatile as fund outflows, subdue results persist (Market Outlook)
Mumbai | Sunday, 2019 2:45:05 PM IST
The Indian equity markets is set to face another volatile week ahead, as the ongoing flight of foreign funds is expected to continue on the back of latest taxation surcharge on the super rich category along with subdued quarterly earning numbers. ... read..


Govt tells Air India to freeze all appointments, promotions
New Delhi | Sunday, 2019 2:15:05 PM IST
In the wake of its proposed privatization, the government has asked Air India to put a freeze on large-scale promotion and appointments. ... read..


Current account deficit to print at $16-17 billion in Q1 FY20: ICRA
New Delhi | July 21, 2019 11:41:25 AM IST
India's current account deficit (CAD) is expected to remain largely steady at 16 billion to 17 billion dollars or 2.3 per cent of GDP in the first quarter (April to June) of the current fiscal year 2019-20 despite recent contraction in merchandise exports ... read..


Authorities to probe all aviation related safety incidents: Minister (Lead)
New Delhi | Sunday, 2019 6:15:05 AM IST
Union Minister Hardeep Singh Puri on Saturday said that the authorities will investigate all aviation related safety incidents. ... read..


HDFC Bank's Q1 standalone net profit up 21%
Mumbai | Sunday, 2019 5:15:05 AM IST
Lending major HDFC Bank on Saturday reported a rise of 21 per cent in standalone net profit for the April-June quarter of 2019-20 on a year-on-year basis. ... read..


IL&FS honchos knew of stress since 2011, emails show
New Delhi | Sunday, 2019 3:45:05 AM IST
From extending personal favours, like facilitating purchase of expensive villas, arranging tickets for football match in Madrid to manipulating and delaying the rating reports, former IL&FS top officials did it all to keep the distress in the company, whi ... read..


IndiGo to seek shareholders' nod to expand Board
New Delhi | Sunday, 2019 1:45:05 AM IST
IndiGo, India's biggest airline by market share owned by InterGlobe Aviation Limited, said on Saturday that shareholders' approval will be sought to expand its Board. ... read..


Cars24 shuts down outlets in Delhi, addressing 'anomalies'
New Delhi | Saturday, 2019 11:45:05 PM IST
As consumption slowdown and liquidity crunch hit the auto industry including the second-hand car market, Gurugram-based online used car marketplace Cars24 has reportedly shut down a dozen stores in the national capital, saying it is in the process of "add ... read..


Sitharaman on why she taxed super rich more
Chennai | Saturday, 2019 10:15:05 PM IST
Finance Minister Nirmala Sitharaman on Saturday said the tax on the super rich is a small expectation from them to contribute a little more for the poor. ... read..


Authorities to probe all aviation related safety incidents: Minister
New Delhi | Saturday, 2019 9:15:05 PM IST
Union Minister Hardeep Singh Puri on Saturday said that the authorities will investigate all aviation related safety incidents. ... read..


Government targeting IRFC IPO listing by September to raise Rs 1,000 cr
New Delhi | Saturday, 2019 9:15:05 PM IST
Activating the IPO pipeline, the government plans to offload 10 per cent in Indian Railway Finance Corporation (IRFC) through listing by September in a bid to raise Rs 1,000 crore. ... read..


Govt puts greenshoe option of Rs 11,500 cr, CPSE ETF subscribed 5 times
New Delhi | Saturday, 2019 5:45:05 PM IST
The sixth tranche of Central Public Sector Enterprise (CPSE) Exchange Traded Fund (ETF) was subscribed 5 times on Friday, even as the government exercised the greenshoe option to raise Rs 11,500 crore and the institutional and retail investors put in bids ... read..


Finance Commission to visit Chhattisgarh from July 23 to 25
New Delhi | July 20, 2019 3:11:37 PM IST
The 15th Finance Commission headed by Chairman N K Singh will visit Chhattisgarh from July 23 to 25. ... read..


Miss Deaf Asia 2018 inaugurates Sivantos's 200th BestSound Centre in Pune
| July 20, 2019 3:11:27 PM IST
New Delhi [India] July 20 (ANI/NewsVoir): Nishtha Dudeja, Miss Deaf Asia 2018 along with Paul Guthrie, VP Regional Sales APAC, Sivantos and Avinash Pawar, CEO, Sivantos India Pvt. Ltd. inaugurated the Sivantos's 200th BestSound Centre in Viman Nagar, Pune ... read..


DLF Foundation and CGS Hospitals bag Responsible Business Awards 2019
| July 20, 2019 2:41:24 PM IST
Gurugram (Haryana) [India] July 20 (ANI/NewsVoir): In the recently concluded India Human Capital Summit and Awards 2019, DLF Foundation and CGS Hospital had been recognized with 'Responsible Business Award 2019 for excellence in Veterinary Health Care' an ... read..


Ease the sting of vector-borne diseases with Dengue Cover from Bajaj Finserv
| July 20, 2019 2:11:25 PM IST
Pune (Maharashtra) [India] July 20 (ANI/BusinessWire India): Vector-borne diseases like dengue and malaria are spread through mosquitoes and affect many people across India every year. As per the reports from the National Vector Borne Disease Control Prog ... read..


Goyal to launch Global Innovation Index 2019 on July 24
New Delhi | July 20, 2019 2:11:22 PM IST
Minister of Commerce and Industry Piyush Goyal will launch the Global Innovation Index (GII) on July 24 in the presence of World Intellectual Property Organisation (WIPO) Director General Francis Gurry. ... read..


India's Bubble tea brand to expand its business nationally
| July 20, 2019 2:11:19 PM IST
Mumbai (Maharashtra) [India] July 20 (ANI/NewsVoir): Bubble tea, which is also known as pearl milk tea, Boba juice or Boba tea is gaining immense popularity across the world, driven by rising demand for non-alcoholic and non-carbonated drinks. ... read..


Illegal ISI-marked helmets factory raided in Ghaziabad
| July 20, 2019 12:11:21 PM IST
Ghaziabad (Uttar Pradesh) [India] July 20 (ANI/BusinessWire India): Acting on the complaint of NGO Utprarit Consumer Foundation, the team of scientists and staff raided one factory in Mohan Nagar, Ghaziabad. This factory was allegedly making ISI-marked he ... read..


US dollar rebounds amid economic data
New York | Saturday, 2019 10:15:05 AM IST
The US dollar strengthened against its major rivals on Friday amid a slew of economic data. ... read..


US stocks trade mixed amid earnings
New York | Saturday, 2019 7:45:05 AM IST
US stocks traded mixed on Friday as investors digested earnings reports of several Dow component companies. ... read..


Urban poor in Telangana need no permission to build house
Hyderabad | Saturday, 2019 6:15:05 AM IST
Construction of ground plus one floor house in an area up to 75 square yards in Telangana's urban areas will no longer require permissions from local bodies, providing a big relief to urban poor. ... read..


J&K Governor, Union minister flag off first fleet of e-buses in Srinagar
Srinagar | Saturday, 2019 5:15:05 AM IST
Jammu and Kashmir Governor Satya Pal Malik and Union Minister for Heavy Industries and Public Enterprise Arvind Ganpat Sawant on Friday flagged off a fleet of electric buses in Srinagar city. ... read..


IndiGo's Board meet to continue; Q1 net profit rises to Rs 1,203 cr (Lead)
New Delhi | Saturday, 2019 4:45:05 AM IST
InterGlobe Aviation Ltd.-owned India's biggest airline by market share, IndiGo's Board meet will continue even on Saturday even as it approved the company's financial results for the quarter ended June 30 on Friday. ... read..


RJio pips Airtel to be India's 2nd largest mobile operator
New Delhi | Saturday, 2019 4:45:05 AM IST
India's newest and only profitable telecom operator Reliance Jio Infocomm Ltd. of three years has overtaken oldest incumbent and rival Bharti Airtel to become the second largest operator in terms of mobile subscriber base, data from the Telecom Regulatory ... read..


Extra Budget borrowings may shoot up in FY20
New Delhi | Saturday, 2019 4:45:05 AM IST
With an effort to keep the fiscal deficit within the budgeted limits without cutting expenditure, the off-Budget borrowings or Extra Budgetary Resources (EBRs) of the government may rise in the current fiscal where the funds would be spent more on social ... read..


Govt asks Mother Dairy to sell tomatoes at Rs 40 per kg
New Delhi | Saturday, 2019 4:45:05 AM IST
Union government on Friday directed state-owned Mother Dairy to sell tomatoes in the national capital at Rs 40 per kg and increase supply to check the rising prices. ... read..


PSBs to digitally enable 1 district of every state
Mumbai | Saturday, 2019 4:15:05 AM IST
Public sector banks will identify one district in each state to make it 100 per cent digitally enabled within one year, the Reserve Bank of India said on Friday. ... read..


AICTE Chairman stresses on industry-academia partnership
Kolkata | Saturday, 2019 3:15:05 AM IST
It is the responsibility of the industries to associate themselves with academic institutes throughout the year to enhance employability and teachers should be well equipped for the holistic development of the students, AICTE Chairman Anil Dattatraya Saha ... read..


Metro Phase-IV: DDA clarification sought on funding
New Delhi | Saturday, 2019 3:15:05 AM IST
The Supreme Court on Friday asked Delhi Development Authority (DDA) to clarify its stand on Environment Pollution Control Authority (EPCA) proposal for increasing its financial contribution in three priority corridors of the Delhi Metro project. ... read..


No plan to discontinue Garib Rath services: Railways
New Delhi | Saturday, 2019 2:45:05 AM IST
Indian Railways on Friday refuted reports over discontinuation of the 'Garib Rath' Express trains saying there is no such proposal. ... read..


RIL Q1 consolidated net profit up 6.8% to Rs 10,104 cr (Lead)
New Delhi | Saturday, 2019 2:15:05 AM IST
Reliance Industries Ltd. (RIL) on Friday reported 6.8 per cent increase in its consolidated net profit for the quarter ended June 30 of financial year 2019-20, on a year-on-year (YoY) basis. ... read..


RJio tower unit to get Rs 25k cr from Brookfield, other investors
Mumbai | Saturday, 2019 2:15:05 AM IST
Reliance Industrial Investments and Holdings Ltd. (RIIHL) has entered into an agreement with BIF IV Jarvis India Pte Limited, an affiliate of Brookfield Asset Management Inc for an investment of Rs 25,215 crore in Reliance Jio lnfratel Pvt. Ltd. (RJIPL). ... read..


Reliance Jio's standalone Q1 net profit up 45.6%
Mumbai | Saturday, 2019 2:15:05 AM IST
Telecom major Reliance Jio Infocomm, on Friday reported a 45.6 per cent increase in its standalone net profit for the quarter-ended June 30 of the financial year 2019-20, on an year-on-year basis. ... read..


ED attaches Rs 3.10 crore of Devas Multimedia
New Delhi | Saturday, 2019 1:15:05 AM IST
The Enforcement Directorate (ED) has attached properties worth Rs 3.10 crore of Devas Multimedia Pvt Ltd (DMPL), Bengaluru, under the Prevention of Money Laundering Act (PMLA) regarding a case where the company promised to deliver multimedia services to t ... read..


RIL Q1 consolidated net profit up 6.8% to Rs 10,104 cr
New Delhi | Saturday, 2019 1:15:05 AM IST
Reliance Industries Ltd (RIL) on Friday reported 6.8 per cent increase in its consolidated net profit for the quarter ended June 30 of financial year 2019-20, on a year-on-year (YoY) basis. ... read..


IndiGo's Q1 net profit rises to Rs 1,203 cr
Mumbai | Friday, 2019 11:45:05 PM IST
InterGlobe Aviation Ltd-owned India's biggest airline by market share, IndiGo, on Friday posted its highest ever quarterly net profit at Rs 1,203 crore for the first-quarter of 2019-20. ... read..


Ford recalls 22,690 previous-generation Endeavour vehicles
New Delhi | Friday, 2019 11:15:05 PM IST
Automobile major Ford India on Friday said it has voluntarily recalled 22,690 previous-generation Endeavour vehicles to inspect front airbag inflators. ... read..


Pakistan faces UK aid cut as pressures grow
London | Friday, 2019 11:15:05 PM IST
Britain's aid to Pakistan could reduce significantly by next year as pressure on the government grows to cut foreign aid to all countries amidst Brexit crisis, rise in poverty at home and a parliamentary inquiry into aid for Pakistan reviewing aid from 20 ... read..


With no respite for FPIs, Sensex nosedives 560 pts (Lead)
Mumbai | Friday, 2019 10:15:05 PM IST
As the government swept aside any scope of revoking or tweaking the tax on "super-rich" adversely affecting a chunk of FPIs, a major driver of Indian stock market, Sensex on Friday slumped over 560 points. ... read..


India down 3 places in mobile, broadband speed: Report
New Delhi | Friday, 2019 9:15:05 PM IST
India's ranking in terms of mobile internet and fixed broadband speed declined by three places in June to 74th and 126th positions respectively, a report by Ookla said on Friday. ... read..


Budget's message to investors rather regressive: Porinju Veliyath
Mumbai | Friday, 2019 8:15:05 PM IST
The government's Budget 2019-20 lays out a long-term vision but the message it gives to the larger investment community is rather regressive, veteran investor Porinju Veliyath has said. ... read..


Reliance Industries reports 6.8 pc rise in net profits in first quarter of FY '19-20
Mumbai (Maharashtra) | July 19, 2019 8:11:28 PM IST
Reliance Industries Limited (RIL) on Friday reported a 6.8 per cent rise in its net profit in the first quarter of the financial year 2019-20. ... read..


CPSE FFO 5 Anchor Book oversubscribed 8.33 times
Mumbai | Friday, 2019 6:45:05 PM IST
The sixth tranche of Central Public Sector Enterprise (CPSE) Exchange Traded Fund (ETF) opens and closes for retail investors on Friday. ... read..


Jio pips Airtel to emerge as second largest mobile operator: TRAI
New Delhi | July 19, 2019 6:41:33 PM IST
Reliance Jio, the newest entrant in the telecom sector, has pipped Bharti Airtel to become the second-largest mobile operator with 32.29 crore subscribers in May, according to data released by the Telecom Regulatory Authority of India (TRAI) on Friday. ... read..


Merck Foundation Partners with First Lady of Malawi to build healthcare capacity, break infertility stigma
| July 19, 2019 6:41:26 PM IST
Mumbai (Maharashtra) [India] July 19 (ANI/BusinessWire India): Merck Foundation, the philanthropic arm of Merck KGaA Germany in partnership with the First Lady of Malawi, H.E. Prof Gertrude Mutharika together with Ministry of Health, Ministry of Education ... read..


Detailed project report of Indo-Nepal railway line finalised
Nepalgunj | Friday, 2019 6:15:07 PM IST
Having received the detailed project report (DPR) from India on the proposed cross-border railway line between Indias Rupaidiya and Kohalpur in Banke, the Nepal government is preparing to start the process of land acquisition for the project, the Himalaya ... read..


IndiGo clocks highest ever profit of Rs 1,203 crore in Q1, revenue jumps 45 pc
Gurugram (Haryana) | July 19, 2019 6:11:31 PM IST
InterGlobe Aviation, parent of IndiGo airline, on Friday reported its highest ever profit after tax of Rs 1,203 crore during the April to June quarter of current financial year 2019-20 (Q1 FY20), up 4,229.7 per cent year-on-year from Rs 27.8 crore in Q1 F ... read..


India-Nepal oil pipeline to open next month
Kathmandu | Friday, 2019 5:45:05 PM IST
The Motihari-Amlekhgunj oil pipeline project will start commercial operation by August following virtual inauguration of the Nepal-India bilateral project by executive heads of the two countries, the Himalayan Times reported on Friday. ... read..


Pakistan lost over Rs 8 billion due to airspace closure
Karachi | Friday, 2019 5:15:05 PM IST
The Pakistan Civil Aviation Authority (CAA) suffered a loss of Rs 8.5 billion because of airspace restrictions since February, according to Pakistani media reports. ... read..


Sensex down 226 pts, Nifty at 11,513
Mumbai | Friday, 2019 4:45:05 PM IST
Sensex and Nifty fell after opening higher on Friday, dragged by auto and PSU Bank stocks. ... read..


Give wings to your dream of studying abroad with a Personal Loan by Bajaj Finserv
| July 19, 2019 4:41:25 PM IST
Pune (Maharashtra) [India] July 19 (ANI/BusinessWire India): A recent study by QS World University Rankings indicated that India is the second nation preceded by China with respect to international student's enrollment statistics. ... read..


Equity indices close at 2-month low, auto stock suffer amid growth concerns
Mumbai (Maharashtra) | July 19, 2019 4:41:22 PM IST
Equity benchmark indices extended losses in the afternoon trade on Friday with selling pressure across the board amid concerns over growth and earnings recovery. ... read..


Dabur India Q1 consolidated net profit surges 10.3 pc
New Delhi | July 19, 2019 4:11:23 PM IST
Dabur India said on Friday its consolidated revenue for Q1 of 2019-20 stood at Rs 2,273 crore, up 9.3 per cent from Rs 2,081 crore a year ago. ... read..


GoAir appoints new management team to expand operations
Mumbai (Maharashtra) | July 19, 2019 3:41:26 PM IST
Low-cost airline GoAir has put a new management team in place as it embarks on an aggressive expansion plan to capture the space vacated with the grounding of Jet Airways. ... read..


Rallis India's profit up 24 pc at Rs 67.76 crore in Q1
Mumbai (Maharashtra) | July 19, 2019 2:41:25 PM IST
Rallis India Ltd, a Tata enterprise in agri science space, has reported 23.8 per cent jump in its net profit of Rs 67.76 crore during the April to June quarter. ... read..


Jailed Arun Saha centrifugal force in fixing rating agencies at IL&FS (IANS Exclusive)
New Delhi | Friday, 2019 2:15:05 PM IST
The rating agencies fiasco viz IL&FS is now common knowledge. Triple A rated IL&FS Group entities enjoyed best of credit worthiness in the market place and a whole catalogue of high profile MNCs, trusts and corporate entities subscribed to its bonds. ... read..


Blueshift expands India presence, appoints Abhay Ghaisas as VP of Engineering
| July 19, 2019 2:11:23 PM IST
Pune (Maharashtra) [India] July 19 (ANI/BusinessWire India): Blueshift, the leader in AI-Powered Marketing, today announced the appointment of veteran engineering leader Abhay Ghaisas as Vice President of Engineering. ... read..


Sensex plunges 380 points, auto stock suffer the most
Mumbai (Maharashtra) | July 19, 2019 1:41:31 PM IST
Equity benchmark indices plunged further in the afternoon on Friday with selling pressure across the board amid concerns over growth and earnings recovery. ... read..


Niine Sanitary Napkins driving improvement in menstrual hygiene with sanitary pads vending machines
| July 19, 2019 1:41:25 PM IST
Gurugram (Haryana) [India] July 19 (ANI/BusinessWire India): Niine Sanitary Napkins has installed close to 300 vending machines over the last few months working closely with schools, colleges, hospitals, police stations and even district courts. ... read..


MAHE takes a giant leap in the World Reputation Rankings, is 3rd best in India
| July 19, 2019 1:11:23 PM IST
Manipal (Karnataka) [India] July 19 (ANI/NewsVoir): Manipal Academy of Higher Education, Manipal took a giant leap in the World Reputation Rankings announced by Times Higher Education on Thursday 18 July 2019. From 704 last year, MAHE figures at 419 overa ... read..


US stocks close higher after Fed official's remarks
New York | Friday, 2019 12:45:05 PM IST
US stocks closed higher as the market sentiment was lifted by a central bank official's remarks. ... read..


PingPong launches global payment service for Indian sellers
| July 19, 2019 12:41:28 PM IST
Bengaluru (Karnataka) [India] July 19 (ANI/ NewsVoir): PingPong is one of the world's fastest-growing cross-border B2B payment platforms and has announced its launch in the Indian market, providing cross-border payment services for Indian sellers. ... read..


Dr Sailesh Lachu Hiranandani receives Doctorate from Malaysia South India Chamber of Commerce
| July 19, 2019 12:41:19 PM IST
Kuala Lumpur [Malaysia] July 19 (ANI/NewsVoir): Dr Sailesh Lachu Hiranandani, Chairman, SRAM and MRAM Group, was the proud recipient of the Doctorate in social and charitable movements from the Malaysian South India Chamber of Commerce (MSICC), a premier ... read..


BharatPe appoints Paytm and Flipkart executives to lead its product team
| July 19, 2019 12:11:25 PM IST
New Delhi [India] July 19 (ANI/NewsVoir): BharatPe, India's leading Fin-Tech Company and the fastest to grow to USD 650 million TPV (with 300 days of operations), today announced the appointment of two senior hires in its product team. ... read..


ACC's net profit rises 39 pc to Rs 456 crore in Q2 CY19
Mumbai (Maharashtra) | July 19, 2019 12:11:20 PM IST
Cement manufacturer ACC has reported 38.61 per cent rise in its consolidated net profit at Rs 455.68 crore for the quarter ended June 30 due to improvement in operating performance and sales. ... read..


JSW Steel invests close to Rs 1,000 crore at Tarapur unit
Mumbai (Maharashtra) | July 19, 2019 11:41:25 AM IST
JSW Steel, the flagship business of 14 billion dollar JSW Group, on Friday began the roll-out of JSW Platina tinplate targeted at packaging industry. ... read..


US dollar weakens amid downbeat data
New York | Friday, 2019 10:45:05 AM IST
The US dollar declined against its major rivals as market participants digested a slew of downbeat data. ... read..


Sensex drops 237 points on profit booking, Nifty below 11,600
Mumbai (Maharashtra) | July 19, 2019 10:41:20 AM IST
Equity benchmark indices erased opening gains in early hours on Friday due to profit booking with the Nifty auto dropping 1.3 per cent. ... read..


Over 100-year-old rail line in Sri Lanka being upgraded with Indian assistance
New Delhi/Colombo | Friday, 2019 7:15:05 AM IST
India's IRCON International Limited and the Sri Lankan government have inked a $91.26 million agreement for upgrading the around 130 km-long Maho-Omanthai rail line which is over 100 years old. ... read..


J&K produces 20,000 tonnes of fish annually
Srinagar | Friday, 2019 5:15:05 AM IST
Jammu and Kashmir produces 20,000 tonnes of fish each year while 93,000 people depend on fisheries for their livelihood in the state. ... read..


AIIB, ADB and IFC may join India's credit enhancement SPV as partners
New Delhi | Friday, 2019 4:45:05 AM IST
China-backed Asian Infrastructure Investment Bank (AIIB) along with international financial institutions Asian Development Bank (ADB) and International Finance Corporation (IFC) may join India's proposed credit enhancement corporation, the National Infras ... read..


First phase of forensic audit on rating agencies complete: IL&FS (Lead)
New Delhi | Friday, 2019 4:45:05 AM IST
Crisis-hit IL&FS on Thursday said that the first phase of forensic audit of credit rating agencies which have been engaged with the its group companies for the last ten years is complete. ... read..


Appellate Tribunal for Electricity issues notice to Adani Power (Mundra)
New Delhi | Friday, 2019 4:45:05 AM IST
The Appellate Tribunal for Electricity has issued a notice to Adani Power (Mundra) on the appeal challenging the Central Electricity Regulatory Commission's (CERC) order approving the supplementary power purchase agreement (SPPA) between the company and ... read..


Leather complex to create five lakh jobs, says Mamata
Kolkata | Friday, 2019 4:15:05 AM IST
West Bengal Chief Minister Mamata Banerjee on Thursday laid the foundation stones for a slew of projects in the Calcutta Leather Complex (CLC) in Bantala, an east Kolkata neighbourhood, and claimed that the leather hub will create five lakh job opportunit ... read..


DIPAM writes to power ministry to explore NTPC-SJVN merger
New Delhi | Friday, 2019 3:15:05 AM IST
The government's sell-off department DIPAM has written to the power ministry to explore the possibility of a big-ticket merger and acquisition of NTPC and SJVN, similar to the one between oil marketing PSUs ONGC and HPCL and power financiers PFC and REC, ... read..


Police bust sex racket involving Rajnish Wellness
Mumbai | Friday, 2019 3:15:05 AM IST
The Mumbai Police has busted a sex racket involving BSE-listed firm Rajnish Wellness which sells sexual wellness products PlayWin capsules and oils among other "ayurvedic ethical medicines." ... read..


IL&FS completes first phase of forensic audit on credit rating agencies
New Delhi | Friday, 2019 2:45:05 AM IST
IL&FS has completed first phase of forensic audit on credit rating agencies (CRAs) engaged with Group Companies in the last ten years. ... read..


FPIs that register as cos to be out of surchage ambit: FM
New Delhi | Friday, 2019 2:15:05 AM IST
Finance Minister Nirmala Sitharaman on Thursday said those FPIs who wish to be out of the net of the surcharge on high networth individuals may consider the option of structuring as companies as the foreign portfolio investors registered as trusts will ha ... read..


Lok Sabha passes Finance Bill by voice vote
New Delhi | Friday, 2019 2:15:05 AM IST
A Bill to amend tax as well as other laws, like the SEBI Act, the RBI Act, the CGST Act and the PMLA Act, was on Thursday passed in the Lok Sabha by voice vote. ... read..


GoAir to launch new international flights
New Delhi | Friday, 2019 2:15:05 AM IST
Budget passenger carrier GoAir on Thursday said it will launch a slew of new international flights including Delhi-Abu Dhabi from July 19. ... read..


China open to resolve trade frictions with US: Diplomat
San Francisco | Friday, 2019 2:15:05 AM IST
Chinese Deputy Consul General in San Francisco Ren Faqiang has said that Beijing is willing to work with Washington to "properly" resolve the trade frictions based on the latest consensus reached by the leaders of the two countries. ... read..


Shah to head ministerial panel on Air India sale, Gadkari out: Sources
New Delhi | Friday, 2019 2:15:05 AM IST
In what suggests change in power equation in the Modi 2.0 government, Road Transport and Highways Minister Nitin Gadkari would not be part of the reconstituted ministerial panel on Air India which will decide the national carrier's privatization. ... read..


Fully committed to get Mallya extradited from UK: India
New Delhi | Friday, 2019 2:15:05 AM IST
India said on Thursday that its commitment to extradite fugitive liquor baron Vijay Mallya "is very strong" and it will continue to make all efforts to bring him back from the UK. ... read..


Current account deficit to remain steady at $16-17 bn in Q1 FY20: ICRA
New Delhi | Friday, 2019 1:15:05 AM IST
Ratings agency ICRA expects the Q1 FY2020 current account deficit (CAD) to remain steady at $16-17 billion or 2.3 per cent of GDP, despite the recent contraction in merchandise exports and imports. ... read..


Centre working on solving homebuyers' issue, SC told
New Delhi | Thursday, 2019 11:45:05 PM IST
The Centre on Thursday told the Supreme Court that it is working on amending laws that will favour homebuyers who are waiting to possess their flats after major realtors failed to deliver them. ... read..


ADB to give Rs 1,540 cr for Tripura power projects
Agartala | Thursday, 2019 11:15:05 PM IST
The Asian Development Bank (ADB) would provide Rs 1,540 crore for upgradation of power generation, transmission and distribution projects in Tripura, said a top official here on Thursday. ... read..


Sensex ends below 38,900 after sharp sell-off in final hour (Lead)
Mumbai | Thursday, 2019 10:15:05 PM IST
Amid weak global cues, Sensex closed 318 points lower on Thursday after a sharp sell-off during the final hour of the trade. ... read..


Finance Bill amends 7 direct, indirect taxation laws: Sitharaman
New Delhi | Thursday, 2019 10:15:05 PM IST
Finance Minister Nirmala Sitharaman on Thursday said that The Finance (No.2) Bill, 2019 provides amendment to seven direct and indirect taxation related laws keeping in mind the "Make in India" prospective. ... read..


Reliance Brands completes acquisition of Hamleys
Mumbai | Thursday, 2019 9:45:05 PM IST
Reliance Brands, a subsidiary of Reliance Industries, has completed the acquisition of the iconic British toy retailer Hamleys. ... read..


Premium ice cream brand Dumont to set up 100 outlets
Hyderabad | Thursday, 2019 9:45:05 PM IST
Dumont, a premium ice cream brand, is looking at setting up 100 outlets across South India over the next one year. ... read..


VHP opposes setting up liquor plant in Devprayag
New Delhi | Thursday, 2019 9:15:05 PM IST
The Vishwa Hindu Parishad (VHP) has opposed the Uttarakhand government's decision to open a liquor plant in Deyprayag, saying it should respect the sentiments of Hindi holy men and people in the state. ... read..


Yes Bank scrips hit 52-week low after quarterly results (Lead)
Mumbai | Thursday, 2019 8:45:05 PM IST
Private-lender Yes Bank hit its lowest level in 52 weeks after it fell as much as 15 per cent on the BSE on Thursday, following the company's June quarter results. ... read..


Railways await PMO nod for Delhi-Katra Vande Bharat Express
New Delhi | Thursday, 2019 8:15:05 PM IST
The Indian Railways is hopeful of getting the approval of the Prime Minister's Office (PMO) to run another Vande Bharat Express, this one between New Delhi and Katra in Jammu and Kashmir, senior railway officials said on Thursday. ... read..


Ex-Branch Manager of Central Bank convicted in fraud case
Chennai | Thursday, 2019 7:45:05 PM IST
A special court hearing CBI cases in Coimbatore sentenced K.Sridhar, former Branch Manager, Central Bank of India and two others in the Rs 1 crore bank fraud case, the investigating agency said on Thursday. ... read..


Government to sell immovable Enemy Properties this fiscal to mop up revenues
New Delhi | Thursday, 2019 7:45:05 PM IST
The government will sell the immovable properties like land and buildings of the Enemy this fiscal to augment the divestment revenues and will also get its share from the proceeds of the non-core asset sales of the CPSEs, a top official said. ... read..


6 cities, towns in UP to become 'model' by December (IANS Special)
Lucknow | Thursday, 2019 7:45:05 PM IST
Lucknow, Varanasi and Mathura will be developed as model cities by the end of December. ... read..


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