Monday, July 13, 2020

Air India's Finance Dept red flagged crores in payments made to pilot
New Delhi | Sunday, 2020 10:45:05 PM IST
The Finance Department of Air India has red flagged payments running into crores of rupees and foreign exchange in thousands of dollars over several months made to a pilot, Karan Mann in 2018, who was facing complaints of receiving excess payments as he w ... read..

Cement makers' body writes to govt on vested rights in mining
New Delhi | Sunday, 2020 9:45:06 PM IST
The Cement Manufacturers Association (CMA) has written to the Department for Promotion of Industry and Internal Trade raising concern over the likelihood of deletion of section 10A(2)(b) of the MMDR Amendment Act, 2015. ... read..

FM reviews Aatmanirbhar Bharat package, Rs 62k cr disbursed under ECLGS
New Delhi | Sunday, 2020 9:45:05 PM IST
Finance Minister Nirmala Sitharaman has reviewed the progress of the Aatmanirbhar Bharat economic package's implementation in matters related to the Finance and Corporate Affairs Ministries. ... read..

Haunting Past - From AI Files - Airline paid Atul Chandra Rs 80 lakh in excess 'erroneously' as Sandhu shielded fraudster pilots (Ld)
New Delhi | Sunday, 2020 7:45:06 PM IST
Fresh allegations have emerged against Captain Rajwinder Singh Sandhu, ... read..

Diesel prices rise after 4-day pause, nears Rs 81 in Delhi
New Delhi | Sunday, 2020 6:45:06 PM IST
Diesel prices across the metro cities increased on Sunday, after remaining unchanged for four consecutive days. ... read..

Haunting past from Air India files shows how new Director Ops shielded fraudster pilots
New Delhi | Sunday, 2020 6:45:06 PM IST
Fresh allegations have emerged against Captain Rajwinder Singh Sandhu, ... read..

US equities post weekly gains as traders weigh COVID impact
New York | Sunday, 2020 10:15:05 AM IST
US stocks managed to secure weekly gains after wild trading as investors cautiously eyed the soaring number of coronavirus infections in the country while weighing its impact on an economic recovery. ... read..

Gland Pharma IPO could be first Indian IPO with Chinese parent company
New Delhi | Sunday, 2020 5:15:05 AM IST
Hyderabad-based Gland Pharma, which is promoted by China's Fosun Pharma, has filed for an initial public offer (IPO) with the Securities and ... read..

Etihad to now operate India flights from July 15
New Delhi | Sunday, 2020 3:45:06 AM IST
Etihad Airways has postponed, to July 15, the resumption of a limited number of special flight operations from Abu Dhabi to six Indian gateways. ... read..

Vidya Balan was very understanding: Top hair, makeup artiste on shooting in new normal
Mumbai | Sunday, 2020 1:45:05 AM IST
Celebrity hair and makeup artist Florian Hurel recently collaborated with actress Vidya Balan for a brand shoot. He says though the new guidelines made it difficult for them to function smoothly, the actress was quite supportive and understanding all thro ... read..

SpiceJet to operate UAE flights from July 12th
New Delhi | Saturday, 2020 10:15:06 PM IST
Airline major SpiceJet on Saturday said it will operate flights from across four stations in India to Ras Al-Khaimah (Dubai) between July 12th and 26th for eligible 'Identity and Citizenship (ICA) approved UAE residents'. ... read..

Petrol, diesel futures trading to start soon on exchanges
New Delhi | Saturday, 2020 9:15:06 PM IST
Market regulator Securities and Exchange Board of India (SEBI) may soon allow futures trading in auto fuels petrol and fiscal giving an opportunity to bulk consumers of these petroleum products to hedge their risks from a volatile market where there is a ... read..

Don't allow Chinese firms in Train 18 project: CAIT
New Delhi | Saturday, 2020 9:15:06 PM IST
The Confederation of All India Traders on Saturday urged the Centre not to allow Chinese firm's participation in the global tender for semi-high speed indigenous train project of Indian Railway. ... read..

Economy showing signs of getting back to normalcy: RBI Guv (Ld)
Mumbai | Saturday, 2020 8:45:06 PM IST
India's economy is showing signs of getting back to normalcy, Reserve Bank of India Governor Shaktikanta Das said on Saturday. ... read..

ED seizes Rs 3.57 cr in raids on tour and travel firms
New Delhi | Saturday, 2020 8:45:06 PM IST
The Enforcement Directorate (ED) has seized Rs 3.5 crore belonging to directors of several tour and travel companies, during raids conducted at eight different locations in Delhi and Ghaziabad, the agency said on Saturday. ... read..

Commercial coal mining will reduce India's dependence on imported fuel: JSPL (IANS Interview)
New Delhi | Saturday, 2020 8:15:05 PM IST
The governments recent announcement to permit coal mining for commercial sale marks a fundamental shift in the government policy to address the continuing shortfall in domestic coal production to meet the countrys requirements, Jindal Steel and Power Limi ... read..

Rs 1.20 lakh cr sanctioned for MSMEs under ECLGS
New Delhi | Saturday, 2020 7:45:05 PM IST
The government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS). ... read..

Promote solar energy in building projects: V-P to architects
New Delhi | Saturday, 2020 7:15:05 PM IST
Vice President M. Venkaiah Naidu on Saturday called upon the architects of the country to adopt green architecture and promote solar energy in upcoming building projects. ... read..

Covid-19: GoDaddy joins Ketto to support Indian SMEs
New Delhi | Saturday, 2020 7:15:05 PM IST
Domain registration and web hosting giant GoDaddy on Saturday announced a partnership with crowdfunding platform Ketto to help Indian businesses hit by Covid-19 disruptions to host a fundraiser campaign for free. ... read..

Economy showing signs of getting back to normalcy: RBI Guv
Mumbai | Saturday, 2020 6:15:06 PM IST
India's economy is showing signs of getting back to normalcy, Reserve Bank of India Governor Shaktikanta Das said on Saturday. ... read..

Jio Platforms receive over Rs 30K cr from 4 investors
Mumbai | Saturday, 2020 5:45:07 PM IST
Reliance Industries on Saturday said that Jio Platforms received subscription amounts of Rs 30,062.43 crore from four investors for 6.13 per cent stake in total. ... read..

DMart Q1 profit tumbles 88 pc to Rs 40 crore
Mumbai (Maharashtra) | July 11, 2020 5:41:50 PM IST
Avenue Supermarts Ltd, which owns and operates DMart stores across the country, on Saturday reported 87.61 per cent year-on-year fall in its consolidated net profit at Rs 40 crore for the April to June quarter. ... read..

Fuel prices again on longer pause, unchanged for four days
New Delhi | Saturday, 2020 5:15:06 PM IST
Auto fuel prices have again gone for a longer pause with oil marketing companies keeping the pump prices of petrol and diesel unchanged for the fourth consecutive day on Saturday. ... read..

Shriram EPC to raise Rs 250 crore from Markab Capital
Chennai (Tamil Nadu) | July 11, 2020 4:42:01 PM IST
Engineering services provider Shriram EPC is raising Rs 250 crore from Markab Capital, a Middle East focused multi-family office and merchant bank. ... read..

Biocon's drug Itolizumab gets DCGI nod for use in moderate to severe Covid-19 patients
Bengaluru (Karnataka) | July 11, 2020 4:12:00 PM IST
Biopharmaceutical major Biocon Ltd said on Saturday it has received approval from the Drugs Controller General of India (DCGI) to market Itolizumab injection 25mg/5ml solution for emergency use in India for the treatment of cytokine release syndrome (CRS) ... read..

Banks NPAs set to rise, must raise capital to build resilience: RBI Governor
Mumbai (Maharashtra) | July 11, 2020 3:11:55 PM IST
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Saturday that the central bank asked public and private sector banks to chalk out plans and keep adequate capital ready to deal with shocks that may come due to the coronavirus pandemic. ... read..

Future Consumer records consolidated net loss of Rs 175 crore in Q4
Mumbai (Maharashtra) | July 11, 2020 2:42:22 PM IST
Future Consumer Ltd has reported consolidated net loss of Rs 175 crore in the January to March quarter as compared to a profit of Rs 7.75 crore in the same period of previous fiscal. ... read..

Medical entrance coaching for NEET and AIIMS by IIB is now available online
| July 11, 2020 2:42:20 PM IST
Nanded (Maharashtra) [India] July 11 (ANI/NewsVoir): Indian Institute of Biology (IIB) is a pioneer educational institute of Maharashtra. It is regarded as one of the best institutes for medical coaching in Maharashtra. ... read..

Phoenix launches Rs 1,000 crore mall in Lucknow, signals revival of retail economy in tier-2 towns
Lucknow (Uttar Pradesh) | July 11, 2020 1:42:02 PM IST
Phoenix Palassio, one of the biggest malls in the country, has been launched in Lucknow at a budget of Rs 1,000 crore. ... read..

Dubshoot gets close to the milestone of 1 million downloads with the ban on TikTok
| July 11, 2020 1:42:00 PM IST
Hyderabad (Telangana) [India], July 11 (ANI/BusinessWire India): After the ban on Chinese apps in India, millions of users get disheartened due to the prohibition of the largest entertainment platform, TikTok. ... read..

GoCeleb Founder Chirag Shah to debut as a film and TV producer
| July 11, 2020 12:41:59 PM IST
Mumbai (Maharashtra) [India] July 11 (ANI/NewsVoir): Publicist, celeb management GoCeleb firm owner and entrepreneur Chirag Shah is all set to foray in the world of films, television, and digital world entertainment. ... read..

COVID-19 biggest test of financial system's resilience: RBI Governor Das
Mumbai (Maharashtra) | July 11, 2020 12:41:48 PM IST
The Reserve Bank of India (RBI) has taken several measures to protect the country's financial system and support the economy after COVID-19 crisis, Governor Shaktikanta Das said on Saturday. ... read..

US stocks rise as financial shares rally
New York | Saturday, 2020 12:15:07 PM IST
US stocks finished higher as a broad gain in financial shares bolstered the market. ... read..

Ircon marks 27 pc growth in Q4 profit at Rs 122 cr
New Delhi | July 11, 2020 12:12:10 PM IST
Miniratna public sector enterprise Ircon International has clocked 27 per cent growth in its standalone profit after tax of Rs 122 crore in the fourth quarter ended March (Q4 FY20) against Rs 96 crore in the corresponding period of previous fiscal. ... read..

2020 Indiaspora Business Leaders List recognizes more than 50 executives of Indian heritage leading global corporations
| July 11, 2020 12:12:09 PM IST
Washington [USA]/Pune (Maharashtra) [India] July 11 (ANI/PRNewswire): Indiaspora, a nonprofit organization of global Indian diaspora leaders from various backgrounds and professions, released their inaugural list honoring executives of the Indian diaspor ... read..

RBI alleviating liquidity stress to offset COVID-19 impact on economy
Mumbai (Maharashtra) | July 11, 2020 11:41:56 AM IST
The Reserve Bank of India (RBI) has cut the repo rate by 250 basis points since February 2019 to alleviate liquidity stress and provide financial stability in the economy, said Governor Shaktikanta Das on Saturday. ... read..

Franklin Templeton receives Rs 1,252 cr payment from VIL
Mumbai | Saturday, 2020 6:15:06 AM IST
Franklin Templeton Mutual Fund on Friday said that it has received Rs 1,252.44 crore from Vodafone Idea Ltd (VIL). ... read..

Air India effects transfers in its Operations Department
New Delhi | Saturday, 2020 6:15:06 AM IST
Air India on Friday announced transfers in its Operations Department with Anish Singh being shifted from headquarters to its Northern Region. ... read..

Graded pick-up: India's May industrial production gathers steam (Ld)
New Delhi | Saturday, 2020 4:45:05 AM IST
Even though India's May factory output showed a graded pick-up, the country's industrial activity still remained in the doldrums. ... read..

CSC facilitates workers' employment for BRO projects in J&K
New Delhi | Saturday, 2020 4:15:05 AM IST
The Common Services Centers (CSC) has helped placement of around 75 skilled and semi-skilled workers from the Union Territory of Jammu & Kashmir with the Border Roads Organisation (BRO) under the Ministry of Defence. ... read..

After 5 years, Maha state discom to finally delegate powers
Mumbai | Saturday, 2020 3:45:06 AM IST
In a significant development aimed at executing key projects, Maharashtra Energy Minister Nitin Raut on Friday ordered the Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to delegate powers to all its regional offices. ... read..

Final proposal for funding Amrapali projects in 3 weeks, SC told
New Delhi | Saturday, 2020 3:45:06 AM IST
The SBI Caps on Friday informed the Supreme Court that a final proposal for releasing of funds for the unfinished Amrapali projects could be finalised in three weeks. ... read..

South Central Railway carries Andhra chillies to Bangladesh
Hyderabad | Saturday, 2020 3:15:05 AM IST
The South Central Railway on Friday announced that for the first time in the Indian Railways, it has loaded and despatched a special parcel train beyond the country's borders - to Bangladesh with dry chillies from Andhra Pradesh. ... read..

India's forex reserves rise by over $6 bn
Mumbai | Saturday, 2020 2:45:06 AM IST
India's foreign exchange reserves increased by $6.416 billion during the week ended July 3. ... read..

Mukesh Ambani world's 7th richest, overtakes Warren Buffet
New Delhi | Saturday, 2020 2:45:05 AM IST
Reliance Industries (RIL) Chairman Mukesh Ambani has become the seventh richest person in the world overtaking Warren Buffet, one of the most successful investors globally, according to the Forbes Real Time Billionaires Index. ... read..

Auto component sector's revenues estimated to decline by 14-18% in FY21: ICRA
New Delhi | Saturday, 2020 2:15:05 AM IST
Indias auto component sectors revenues are estimated to decline by 14-18 per cent in FY2021, driven by weak demand across domestic OEMs, replacement market and exports, rating agency ICRA said on Friday. ... read..

Equity indices fall, RIL bucks trend to hit new high (Lead)
| Saturday, 2020 1:45:06 AM IST
The Indian stock market declined on Friday, led by heavy selling in finance and banking stocks. ... read..

'Covid-19 may boost state procurement agencies' liquidity'
New Delhi | Saturday, 2020 1:45:06 AM IST
India Rating and Research expects the Covid-19 pandemic to boost state procurement agencies' liquidity position in FY21. ... read..

Graded pick-up: India's May industrial production gathers steam
New Delhi | Saturday, 2020 1:45:06 AM IST
Even though India's May factory output showed a graded pick-up, the country's industrial activity still remained in the doldrums. ... read..

SBI Board to discuss raising capital via bonds on July 15
Mumbai | Saturday, 2020 1:15:06 AM IST
The State Bank of India (SBI) on Friday said that its Central Board will meet on July 15 to consider raising funds through bonds. ... read..

Canara Bank to raise up to Rs 8,000 cr via equities, bonds
Mumbai | Saturday, 2020 1:15:06 AM IST
Canara Bank on Friday said that its Board of Directors has approved raising of up to Rs 5,000 crore of equity share capital and up to Rs 3,000 crore through bonds during the financial year 2020-21. ... read..

'Govt, RBI need to ensure that banks flush with cash lend to NBFCs'
New Delhi | Saturday, 2020 1:15:06 AM IST
NBFCs have been going through a liquidity crisis over the past two years and the Covid-19 pandemic has only worsened the situation. ... read..

CGPL ops may stay afloat, Tata Power says talks to continue
New Delhi | Friday, 2020 11:15:06 PM IST
As the Gujarat government decided not to allow compensatory tariff to imported coal-based mega power projects in the state, Tata Power on Friday said that the amendment to the PPA with its Coastal Gujarat Power Ltd (CGPL) will still be considered, althoug ... read..

Non-life insurers get about 41,000 Covid-19 claims
Chennai | Friday, 2020 9:45:06 PM IST
A total of about 41,000 Covid-19 insurance claims have been lodged with the non-life insurers in the country with an estimated claim amount of about Rs 700 crore, said an industry official. ... read..

Karnataka to build new airport at Vijayapura soon
Bengaluru | Friday, 2020 9:45:06 PM IST
For providing regional air connectivity, Karnataka would build a greenfield airport at Vijayapura in the state's northwest backward region, an official said on Friday. ... read..

Corona effect: Cinema exhibition industry losses at Rs 5K cr (IANS Special)
New Delhi/Mumbai | Friday, 2020 9:45:06 PM IST
The COVID-19 triggered restrictions on cinema exhibition industry has not only disheartened movie goers, but axed several thousand jobs and costed the industry an estimated Rs 5,000 crore in revenue. ... read..

Area under kharif crops reaches over 580L Hectare as on July 10
New Delhi | Friday, 2020 9:15:06 PM IST
The area under kharif crops reached over 580 lakh hectares as on July 10, as per the sowing coverage data released by the Union Ministry of Agriculture and Farmers Welfare on Friday. The acreage of pulses has increased unexpectedly compared to last year a ... read..

Tata Motors Group's Q1FY21 global wholesales down 64%
New Delhi | Friday, 2020 8:45:06 PM IST
Automobile major Tata Motors Group, including Jaguar Land Rover, on Friday reported a plunge of 64 per cent in global wholesales Q1FY21 on a year-on-year basis. ... read..

Siemens Gamesa to make 3.4 MW wind turbine in India in 2021
Chennai | Friday, 2020 8:15:06 PM IST
Global wind turbine major Siemens Gamesa Renewable Energy will start making the 3.4 MW wind turbine at its Indian plant in Tamil Nadu, said a company official. ... read..

Yes Bank sets floor price of Rs 12/share for FPO issue
Mumbai | Friday, 2020 7:45:06 PM IST
Yes Bank's Capital Raising Committee (CRC) of the Board of Directors on Friday set a floor price of Rs 12 per share for its upcoming further public offering (FPO). ... read..

PM inaugurates 750-MW solar power project in MP's Rewa (Ld)
Delhi/Rewa | Friday, 2020 6:15:06 PM IST
Prime Minister Narendra Modi on Friday dedicated to the nation a 750-MW solar project - said to be Asia's biggest -- at Rewa in Madhya Pradesh through videoconference from Delhi. ... read..

Entransys joins Qualcomm Smart Cities Accelerator Program to increase adoption of smart city solutions
| July 10, 2020 6:11:58 PM IST
Hyderabad (Telangana) [India], July 10 (ANI/PRNewswire): Entransys, an AI, IoT and mobility-based smart solutions company, today announced that it has joined the Qualcomm Smart Cities Accelerator Program to offer its innovative end-to-end solutions like ... read..

BASF India to pick 100 pc stake in BASF Performance Polyamides for Rs 305 crore
Mumbai (Maharashtra) | July 10, 2020 6:11:51 PM IST
The board of directors at speciality chemical firm BASF India on Friday approved the acquisition of 100 per cent stake in BASF Performance Polyamides from BASF Nederland BV and BASF SE for Rs 305 crore. ... read..

Union Bank of India cuts MCLR by 20bps across tenors
Mumbai | Friday, 2020 5:45:06 PM IST
Union Bank of India on Friday announced reduction in its marginal cost of funds-based lending rate (MCLR) by 20 points across all tenors. ... read..

Fitch affirms Glenmark Pharmaceuticals at BB, withdraws proposed bond rating
| July 10, 2020 5:41:56 PM IST
Fitch Ratings has affirmed Glenmark Pharmaceuticals' long-term issuer default rating at BB with a stable outlook. ... read..

F-Talk's 'Discover Possibilities' is here to unlock new opportunities and possibilities amidst lockdown
| July 10, 2020 5:41:53 PM IST
New Delhi [India], July 10 (ANI/Mint Green Events): F-Talk, an initiative by Mint Green Events (MG), which was formed in February 2020 with like-minded people i.e. Sandeep Poddar, Viki Dharamdas, Yash Poddar, Prateek Kyal coming together with one goal in ... read..

Petrol, diesel prices remain unchanged for third consecutive day
New Delhi | Friday, 2020 5:15:06 PM IST
Oil marketing companies kept retail prices of petrol and diesel unchanged for the third consecutive day on Friday. ... read..

Equity indices trim losses amid weak global cues
Mumbai | Friday, 2020 5:15:06 PM IST
The key Indian equity market pared major initial losses on Friday, tracking a decline in the Asian markets. ... read..

App-based recruitment company OnTime Job launches in India
| July 10, 2020 5:12:10 PM IST
Noida (Uttar Pradesh)/New Delhi [India], July 10 (ANI/NewsVoir): OnTime Job, country's first app-based online recruitment company launches its operation in India. ... read..

India's rum affair - Celebrating World Rum Day 2020
| July 10, 2020 5:12:06 PM IST
New Delhi [India], July 10 (ANI/Digpu): Rum, one of the most consumed spirits in the country, is a drink that has always been intertwined with the history of India. ... read..

CEIC Research explores the impact of lockdown on employment and migrants
| July 10, 2020 5:12:02 PM IST
Mumbai (Maharashtra) [India], July 10 (ANI/NewsVoir): India has a large working population, employed in both formal and informal sectors. The largest portion of the formal workforce is engaged in the agricultural sector, 42.4 per cent in 2019. ... read..

Atrimed Biotech launches Plant Science range Anti Microbial product
| July 10, 2020 5:12:01 PM IST
Bengaluru (Karnataka) [India], July 10 (ANI/NewsVoir): Atrimed Biotech an LLP, incubated at the Bangalore Bioinnovation Centre (BBC), Bangalore Helix Biotech Park, and Institute for Bioinformatics & Applied Biotechnology (IBAB), Bangalore, today annou ... read..

Sri Sri Tattva ramps up production of their Ayurveda immunity boosters
| July 10, 2020 5:11:49 PM IST
Bengaluru (Karnataka) [India], July 10 (ANI/NewsVoir): Sri Sri Tattva, India's leading health and wellness and FMCG brand offers a range of herbal immunity boosters based on the ancient science of Ayurveda. ... read..

Equity indices close in the red, financials and metals decline
Mumbai (Maharashtra) | July 10, 2020 4:42:08 PM IST
Traders booked profit and equity benchmark indices ended marginally lower on Friday following a decline in global peers amid surging coronavirus cases. ... read..

Karnataka Bank posts all-time high profit of Rs 196 crore in Q1
Mangaluru (Karnataka) | July 10, 2020 4:41:55 PM IST
Karnataka Bank on Friday reported an all-time high quarterly net profit of Rs 196 crore during Q1 of FY 2020-21 as against the previous high of Rs 175 crore during Q1 of previous fiscal. ... read..

HDFC ERGO launches Corona Kavach policy
| July 10, 2020 3:41:49 PM IST
Mumbai (Maharashtra) [India] July 10 (ANI/NewsVoir): HDFC ERGO, the country's third-largest non-life insurance provider in the private sector, announced the launch of 'Corona Kavach' policy. ... read..

ADITUS launches premium program for students to prepare for post-pandemic life
| July 10, 2020 3:41:48 PM IST
New Delhi [India], July 10 (ANI/Digpu): Aditus, India's first-ever strategic mentorship platform did thorough market research and launched a premium education program which prepares the students for a life post the pandemic. ... read..

PPOP could fall 15 pc for private banks in FY21: Ind-Ra
Mumbai (Maharashtra) | July 10, 2020 3:11:51 PM IST
The pre-provisioning operating profit (PPOP) of top five private sector banks by advances size can decline by 15 per cent year-on-year in the current financial year as compared to 4.9 per cent in FY20, India Ratings and Research (Ind-Ra) said on Friday. ... read..

GAIL to invest in start-ups operating in area of compressed bio gas
New Delhi | July 10, 2020 2:41:52 PM IST
GAIL India on Friday opened a fresh round for solicitation of investment proposals from start-ups operating in the area of compressed bio gas (CBG). ... read..

Relaxo Foundation contributes 25,000 pair of slippers to Delhi sanitation workers, a salute to unsung warriors
| July 10, 2020 2:12:05 PM IST
New Delhi [India] July 10 (ANI/NewsVoir): In these times of coronavirus pandemic sanitation workers with the municipal corporations have been at the forefront, putting their lives at risk, in ensuring a clean and healthy environment. ... read..

Tata Motors Group global wholesales dip 64 pc at 91,594 in Q1
Mumbai (Maharashtra) | July 10, 2020 2:11:51 PM IST
The Tata Motors Group global wholesales in the April to June quarter dropped by 64 per cent to 91,594 units as compared to Q1 FY20. ... read..

Yes Bank approves price band for Rs 15,000 crore FPO
Mumbai (Maharashtra) | July 10, 2020 1:11:54 PM IST
The capital raising committee of the board of directors at Yes Bank on Friday approved the floor price at Rs 12 per equity share and cap price at Rs 13 per equity share regarding the follow-on public offer (FPO). ... read..

The Leela Palaces, Hotels and Resorts voted as the World's Best Hotel Brand by Travel + Leisure, USA, Readers' Award Survey 2020
| July 10, 2020 12:42:00 PM IST
Mumbai (Maharashtra) [India] July 10 (ANI/BusinessWire India): The Leela Palaces, Hotels and Resorts have been voted the World's Best Hotel Brand by Travel + Leisure, USA World's Best Awards Survey, 2020. ... read..

Moody's confirms JSW Steel's Ba2 ratings with negative outlook
| July 10, 2020 12:11:55 PM IST
Moody's Investors Service has confirmed JSW Steel Ltd's Ba2 corporate family rating and Ba2 senior unsecured debt rating with a negative outlook. ... read..

SRA relaxes premiums and approvals timeline to fast track slum housing in Mumbai
| July 10, 2020 11:11:56 AM IST
Mumbai (Maharashtra) [India] July 10 (ANI/PRNewswire): The Maharashtra State Housing Ministry today announced a series of relaxations in its slum redevelopment policy to ensure faster availability of housing for slum dwellers in Mumbai Metropolitan Region ... read..

PNB reports Rs 3,689 crore exposure to DHFL as fraud
New Delhi | July 10, 2020 11:11:48 AM IST
Government-owned Punjab National Bank (PNB) has reported a fraud of Rs 3,688.58 crore in the non-performing asset (NPA) account of non-banking financial company Dewan Housing Finance Ltd (DHFL) which is in bankruptcy proceedings. ... read..

Collabera welcomes Karthik Krishnamurthy as new CEO
| July 10, 2020 10:41:55 AM IST
Bengaluru (Karnataka) [India] July 10 (ANI/BusinessWire India): Collabera, a global technology talent solutions provider, today announced the appointment of its new CEO, Karthik Krishnamurthy (KK). ... read..

Equity indices dither after weak opening, TCS flat after Q1 results
Mumbai (Maharashtra) | July 10, 2020 10:41:54 AM IST
Equity benchmark indices suffered slight cuts during early hours on Friday following a decline in global peers amid surging coronavirus cases. ... read..

ADB, IEA renew pact to collaborate on energy sector sustainability and resilience
Manila | July 10, 2020 10:41:48 AM IST
The Asian Development Bank (ADB) has renewed a memorandum of understanding with the International Energy Agency (IEA) to scale up collaboration and advance progress on sustainability with an increased focus on energy sector resilience in Asia and the Paci ... read..

US stocks end mixed amid economic data
New York | Friday, 2020 8:45:06 AM IST
Wall Street's major averages finished mixed on Thursday as investors pored through the newly-released weekly report on US jobless claims. ... read..

Loyal Textile Mills Limited launched the world's first reusable PPE with Triple Viral Shield Technology
| July 10, 2020 8:41:48 AM IST
Chennai (Tamil Nadu) [India] July 10 (ANI/NewsVoir): Loyal Textile Mills Limited today launched Viral Shield, a line of COVID-19 anti-viral, reusable Personal Protective Equipment (PPE), masks and protective fashion wear range. ... read..

PNB reports Rs 3,688 cr borrowal fraud by DHFL
Mumbai | Friday, 2020 6:15:06 AM IST
State-run Punjab National Bank (PNB) has reported a borrowal fraud of Rs 3,688.58 crore in the NPA account of the now bankrupt Dewan Housing Finance Ltd (DHFL). ... read..

Air India pilots insist pay cut has to be across the board
New Delhi | Friday, 2020 6:15:06 AM IST
Air India pilots have clearly told the company that any pay cut has to be across the board as per market standards for all employees. ... read..

Lockdown restrictions for IT, ITES units in Chennai relaxed
Chennai | Friday, 2020 4:45:05 AM IST
The Tamil Nadu government on Thursday slightly relaxed the Covid-19 lockdown conditions for information technology (IT) and IT Enabled Services (ITES) companies. ... read..

Setback for Tatas, Adani, Essar as Guj axes compensatory tariff
New Delhi | Friday, 2020 4:45:05 AM IST
In a setback for the imported coal-based projects of Tatas, Adanis and the Essar Group, the Gujarat Cabinet has reversed its November 2018 decision on compensatory tariff to these mega projects for offsetting higher fuel cost. ... read..

India-UAE special repatriation flights to begin July 12
New Delhi | Friday, 2020 4:15:05 AM IST
The civil aviation authorities of India and the UAE have agreed to operate special repatriation flights between the two countries during July 12-26. ... read..

PNB Board approves plan to raise Rs 10,000 cr
New Delhi | Friday, 2020 3:45:05 AM IST
The Board of Punjab National Bank (PNB) on Thursday approved the proposal to raise up to Rs 10,000 crore through equity and debt. ... read..

Finance stocks, global cues lift Indian stock market (Lead)
Mumbai | Friday, 2020 3:45:05 AM IST
The key Indian equity indices were back with a rally on Thursday, led by healthy buying in finance and banking stocks. ... read..

SEBI revises shareholding limit for exchanges in IFSCs
New Delhi | Friday, 2020 2:45:06 AM IST
In a bid to streamline the operations of international financial services centres (IFSC), the Securities and Exchanges Board of India (SEBI) on Thursday said that it has revised the eligibility and shareholding limit for stock exchanges desirous of operat ... read..

RIL, BP launch fuel and mobility joint venture
New Delhi | Friday, 2020 2:15:05 AM IST
Reliance Industries Ltd (RIL) and British Petroleum (BP) on Thursday announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML). ... read..

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