Saturday, August 24, 2019

Finance Minister outlines plan to curb 'tax terrorism'
New Delhi | Friday, 2019 11:45:05 PM IST
Amidst concerns of rising harassment of corporates by tax officials and authorities, Finance Minister on Friday said that the government would take measures to curb such instances, including the introduction of "faceless" tax scrutiny from the upcoming "V ... read..

Sundaram-Clayton announces five day week
Chennai | Friday, 2019 10:45:05 PM IST
Automobile component maker Sundaram-Clayton Ltd on Friday said owing to business slowdown, its major plants will have five working days in a week. ... read..

Stimulus hopes drive markets higher (Lead)
Mumbai | Friday, 2019 10:45:05 PM IST
Gaining over 600 points from the day's low the Sensex closed 228 points higher on Friday on renewed hopes of a stimulus hours ahead of an address by Union Finance Minister Nirmala Sitharaman. ... read..

Future Retail down 5% as Amazon acquires stake in Future Coupons
Mumbai | Friday, 2019 10:45:05 PM IST
Shares of Future Retail settled over 5 per cent lower on the Bombay Stock Exchange (BSE), as the company announced that Amazon will acquire a 49 per cent stake in Future Coupons. ... read..

Moody's lowers India's 2019 GDP growth estimate to 6.2%
New Delhi | Friday, 2019 10:15:06 PM IST
Amid a worsening economic slowdown, US rating agency Moody's on Friday lowered India's GDP growth forecast for the 2019 calendar year to 6.2 per cent, from its earlier estimate of 6.8 per cent, and also revised downwards its growth forecast for 16 economi ... read..

Act on global cos abusing Indian firms: Sitharaman to CCI
New Delhi | Friday, 2019 9:45:06 PM IST
Finance Minister Nirmala Sitharaman on Friday asked fair market regulator the Competition Commission of India to guard Indian businesses and consumers against foreign companies, which have no presence in India, by taking suo motu action against them. ... read..

Structural reforms needed to spur growth: Report
Mumbai | Friday, 2019 9:15:05 PM IST
Amid subdued consumption demand and concerns of an economic slowdown, a report by Kotak Institutional Equities has said that structural reforms would be major step for achieving higher GDP growth. ... read..

Maruti Suzuki to proactively recall 40,618 WagonRs
New Delhi | Friday, 2019 8:45:05 PM IST
Automobile major Maruti Suzuki India said on Friday that it will commence a proactive and voluntary recall campaign for certain WagonR vehicles manufactured between November 15, 2018 and August 12, 2019. ... read..

Yogi govt to set up textile park in Farukkhabad
Lucknow | Friday, 2019 8:45:05 PM IST
The Yogi Adityanath government has decided to set up a textile park in Farukkhabad district in Uttar Pradesh. ... read..

ED searches Jet Airways premises, Naresh Goyal's residence
New Delhi/Mumbai | Friday, 2019 8:45:05 PM IST
The Enforcement Directorate (ED) on Friday carried out searches at over a dozen locations in Delhi and Mumbai, including at the residence of Jet Airways founder Naresh Goyal. ... read..

Odisha announces Rs 500 cr package for Puri city
Bhubaneswar | Friday, 2019 8:15:05 PM IST
Odisha Chief Minister Naveen Patnaik on Friday announced a package of Rs 500 crore to develop Puri as a World Heritage city. ... read..

PSU OMCs stop supply to Air India as it fails to pay dues
Mumbai (Maharashtra) | August 23, 2019 8:11:28 PM IST
PSU Oil Marketing Companies - Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) - have been constrained to suspend supply of jet fuel to Air India and Alliance Air flights at six airports from th ... read..

Equity indices pare initial losses to trade flat
Mumbai | Friday, 2019 7:45:05 PM IST
The key Indian equity indices pared initial losses to trade flat during the Friday afternoon trade, on hopes that the government may roll back the surcharge on foreign portfolio investors (FPIs). ... read..

Phixman to expand its global footprints
| August 23, 2019 6:41:38 PM IST
New Delhi [India] August 23(ANI/NewsVoir): - the smart phone and laptop repair company, today announced its plan to expand its global presence. ... read..

Shriram Properties launches Phase II of Shriram 107 South East
| August 23, 2019 6:41:35 PM IST
Bengaluru (Karnataka) [India] August 23(ANI/NewsVoir): Shriram Properties Limited (SPL), with a history of building quality properties with high standards, has launched yet another affordable residential project with great amenities in Bengaluru. ... read..

Bhutani Group wins top honours at Estate Awards 2019
| August 23, 2019 6:41:34 PM IST
New Delhi [India] August 23(ANI/NewsVoir): Bhutani Infra, the leading NCR based commercial real estate player received top honours at Estate Awards 2019 organised by Franchise India. ... read..

Security and Interoperability is key to the success of Smart Cities in India
| August 23, 2019 6:41:29 PM IST
New Delhi [India] August 23(ANI/NewsVoir): Security and interoperability of Smart Cities in India are the key components of the success of Government of India's agenda of 100 Smart Cities. ... read..

GoAir, IndiGo, Vistara pull out flights, Andaman complains
New Delhi | Friday, 2019 6:15:06 PM IST
Miffed over withdrawal of flights by GoAir, IndiGo and Vistara to and from Port Blair, the Andaman and Nicobar (A&N) administration has asked the Civil Aviation Ministry to direct the erring carriers to stick to the schedule. ... read..

Moody's lowers India's GDP growth forecast for 2019 to 6.2 pc from 6.8 pc
| August 23, 2019 5:11:25 PM IST
Moody's Investors Service on Friday cut India's GDP growth forecast for the calendar year 2019 to 6.2 per cent from its previous estimate of 6.8 per cent. ... read..

Alibaba Foundation and UCWeb to host 9.5 Philanthropy Conference 2019 in India
| August 23, 2019 4:11:40 PM IST
New Delhi [India] August 23(ANI/NewsVoir): UC Web, on behalf of the Alibaba Foundation, will host the global sub forum of 2019 Alibaba Philanthropy on Thursday, September 5, 2019 in New Delhi. ... read..

Smart Creations bags India Leadership Award
| August 23, 2019 4:11:38 PM IST
Chennai (Tamil Nadu) [India] August 23(ANI/NewsVoir): Chennai based Smart Creations well known for its Gold Plating projects, figurines and deities especially for Temples and pooja rooms in India and Asia has recently bagged the prestigious Blindwink Indi ... read..

Hosachiguru, pioneers of managed farmlands in India, launches their new project - Abhivrudhi, close to Bengaluru city
Bengaluru (Karnataka) | August 23, 2019 4:11:35 PM IST
Abhivrudhi, the new farmland project by Hosachiguru - pioneers of managed farmlands in India, was launched today amidst a lot of fanfare in the city. The project was launched in the presence of dignitaries from different sectors. ... read..

TVS Motor Company supports flood-affected states across India
| August 23, 2019 4:11:32 PM IST
Hosur (Tamil Nadu) [India] August 23(ANI/NewsVoir): TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers in the world, today announced their support initiative for flood-affected states across India. ... read..

Sensex surges by 228 points on hopes on stimulus package, metal stocks shine
Mumbai (Maharashtra) | August 23, 2019 4:11:23 PM IST
The bulls staged a comeback during second half of equity trading session on Friday amid expectations that the government may soon announce steps to revive economic growth. ... read..

63 moons wins MPID case in Bombay High Court, big win for Jignesh Shah
Mumbai (Maharashtra) | August 23, 2019 3:41:23 PM IST
The Bombay High Court has ruled that the National Spot Exchange Ltd (NSEL) is not a financial establishment and hence notifications for attachment of the company's assets including bank accounts and properties under the Maharashtra Protection of Interest ... read..

Medica associates with Tom Cherian's SALi to create 'Centre for Liver Disease'
| August 23, 2019 3:11:32 PM IST
Kolkata (West Bengal) [India] August 23 (ANI/BusinessWire India): Kolkata headquartered Medica Hospitals has launched the 'Medica Centre for Liver Disease' in association with the renowned South Asian Liver Institute (SALi), a Tom Cherian initiative. ... read..

INSA releases Joint Industry Guidance on supply, use of 0.50 per cent - sulphur marine fuel
| August 23, 2019 2:41:30 PM IST
Mumbai/New Delhi [India] August 23 (ANI/BusinessWire India): The Indian National Shipowners' Association (INSA) along with a number of shipping, refining, fuel supply, and standards organisations have worked together to produce Joint Industry Guidance on ... read..

Complainant Aircel-Maxis case ironically named in IL&FS case
New Delhi | Friday, 2019 2:15:05 PM IST
C. Sivasankaran who has been nailed by the Serious Fraud Investigation Office (SFIO) in the IL&FS loan fraud is ironically the original complainant in the Aircel-Maxis in which former Finance Minister P Chidambaram is one of the accused along with the oth ... read..

E-commerce giant Amazon acquires minority stake in Biyani's Future Coupons
Mumbai (Maharashtra) | August 23, 2019 2:11:35 PM IST
Kishore Biyani-led Future Retail has said that e-commerce giant Amazon will pick up 49 per cent stake in Future Coupons Ltd. ... read..

DBS named 'World's Best Bank' by Euromoney magazine
| August 23, 2019 2:11:29 PM IST
Mumbai (Maharashtra) [India] August 23 (ANI/BusinessWire India): In a feat unmatched by other banks globally, DBS has become the first bank to concurrently hold three global best bank awards. This was achieved after DBS was named "World's Best Bank" by le ... read..

Combat travel risks with Daily Commute Insurance from Bajaj Finserv
| August 23, 2019 1:41:41 PM IST
Pune (Maharashtra) [India] August 23 (ANI/BusinessWire India): India witnesses close to five lakh road accidents every year. In 2017, around 25 per cent of the total number of road accidents reportedly occurred during work-related commute. ... read..

SBI customers to continue getting 3 pc interest rate in SB accounts with balances above Rs 1 lakh
New Delhi | August 23, 2019 1:41:23 PM IST
To protect the interests of saving bank depositors, State Bank of India (SBI) has decided to not reduce interest rate further and hold it at the existing level of 3 per cent for customers with balances above Rs 1 lakh. ... read..

Dabur India arm acquires management control of Excel Investments in UAE
New Delhi | August 23, 2019 12:41:24 PM IST
Dabur India's international arm has acquired management control of Excel Investments in the United Arab Emirates (UAE). ... read..

Infosys and University of Illinois Urbana-Champaign announce partnership in precision medicine
Bengaluru (Karnataka) | August 23, 2019 11:41:26 AM IST
Digital services and consulting major Infosys has announced a strategic partnership with University of Illinois Urbana-Champaign (UIUC) to develop new technologies and systems in precision medicine. ... read..

Rupee at 72 per dollar hits lowest level since December
Mumbai (Maharashtra) | August 23, 2019 11:11:22 AM IST
The Indian rupee opened lower by 10 paise at 71.91 per US dollar on Friday as compared to its previous close of 71.81 against the greenback. ... read..

Equity gauges in negative zone amid weak sentiment, Yes Bank gains 7 pc
Mumbai (Maharashtra) | August 23, 2019 10:41:25 AM IST
Equity benchmark indices touched a five-month low during early hours on Friday amid sagging investor sentiment. ... read..

BTI Payments receives Rs 1500 million of equity funding to expand operations
| August 23, 2019 10:11:27 AM IST
New Delhi [India] August 23 (ANI/BusinessWire India): BTI Payments Private Ltd, a joint venture between the Banktech Group and funds managed by ICICI Venture, on Thursday announced a fresh round of capital infusion of Rs 1,500 million. This round of fundi ... read..

Mafatlal Industries Ltd launches Mohinee range for women
| August 23, 2019 10:11:25 AM IST
Mumbai (Maharashtra) [India] August 23 (ANI/BusinessWire India): Mafatlal Industries Ltd. (MIL) has launched 'Mohinee' women's wear fabrics. Mohinee will be focused to complete the wardrobe of a lady with all kinds of her fashion requirements. ... read..

Khadi industry likely to cross Rs 10k cr turnover in 5 yrs
Mumbai | Friday, 2019 7:45:05 AM IST
The khadi industry in India is expected to cross Rs 10,000 crore turnover in the next five years, Khadi and Village Industries Commission (KVIC) Chairman Vinai Kumar Saxena said on Thursday. ... read..

No entry in S. Delhi for CVs sans RFID tag after Aug 23
New Delhi | Friday, 2019 5:15:05 AM IST
The deadline for pre-registration of RFID tags and recharge of tags has been decided for August 23, by both Environment Pollution (Prevention & Control) Authority (EPCA) and South Delhi Municipal Corporation. The commercial vehicles without RFID tags post ... read..

Recession inevitable if protectionism rises: Goyal (Lead)
New Delhi | Friday, 2019 4:45:05 AM IST
Indian Commerce Minister Piyush Goyal on Thursday warned that the world economy will fall into a recession which will spare no country if the protectionist policies and "unilateral measures" being adopted by some developed countries continue. ... read..

CSC signs MoU with ministry to digitise panchayats
New Delhi | Friday, 2019 4:45:05 AM IST
The Common Service Centre SPV (CSC) has signed a Memorandum of Understanding (MoU) with the Ministry of Panchayati Raj to convert all gram panchayats into "digital panchayats", a statement said. ... read..

'Broader markets worse than Myanmar, Bangladesh'
Mumbai | Friday, 2019 4:45:05 AM IST
Well-known investor Porinju Veliyath on Thursday expressed his agony over the sorry state of affairs of Indian financial markets ever since the Budget was announced last month. ... read..

Rules issued for Sabka Vishwas scheme to curb legacy cases
New Delhi | Friday, 2019 4:15:05 AM IST
The Central Board of Indirect Taxes and Customs (CBIC) on Thursday issued rules for Sabka Vishwas (Legacy Dispute Resolution) Scheme announced in the Union Budget to curb the pending litigations under the erstwhile indirect tax regime. ... read..

Kia Motors India launches mid-segment SUV Seltos
Mumbai | Friday, 2019 4:15:05 AM IST
Kia Motors India on Thursday launched mid-segment SUV Seltos, its first product for the Indian market. ... read..

NDTV's interim CEO Suparna Singh resigns
New Delhi | Friday, 2019 3:45:05 AM IST
Media company NDTV on Thursday said that its interim CEO Suparna Singh has resigned from the post with immediate effect. ... read..

Vodafone Idea launches 'TurboNet' 4G in select markets
New Delhi | Friday, 2019 3:45:05 AM IST
Telecom major Vodafone Idea on Thursday announced the launch of "TurboNet" 4G services in select cities of Uttar Pradesh West, Rajasthan and Rest of Bengal (excluding Kolkata) circles where it has successfully integrated the network. ... read..

IndiGo to restart Delhi-Singapore flights from September
New Delhi | Friday, 2019 3:45:05 AM IST
Budget carrier IndiGo will restart flight services between Delhi and Singapore from September. ... read..

SC extends status quo on Jaypee insolvency resolution
New Delhi | Friday, 2019 3:45:05 AM IST
The Supreme Court on Thursday extended by a week the status quo on the insolvency process on Jaypee Group's plea against the National Company Law Appellate Tribunal's (NCLAT) order. ... read..

MPC member's long word makes short work of it!
Mumbai | Friday, 2019 3:15:05 AM IST
Reserve Bank of India's August policy meet had quite a few 'unconventional' takeaways. It will surely be recalled for the 35 basis point rate cut and 'floccinaucinihilipilification' (no spelling error!). ... read..

Bombay HC quashes orders attaching NSEL assets (Lead)
Mumbai | Friday, 2019 2:45:05 AM IST
In a major victory for fintech firm 63 moons, the Bombay High Court on Thursday ruled that the National Spot Exchange Ltd (NSEL) is not a financial institution and hence notifications for attachment of the company's assets, including bank accounts and pro ... read..

Fuel supply to Air India stopped at 6 airports (3rd Lead)
New Delhi | Friday, 2019 2:45:05 AM IST
State-owned oil marketing companies (OMCs) on Thursday evening stopped fuel supply to national carrier Air India at six airports, following non-payment of dues. ... read..

'Amazon Fresh' launched with 2 hour delivery service
Bengaluru | Friday, 2019 2:45:05 AM IST
E-commerce major Amazon India on Thursday announced the launch of "Amazon Fresh", offering food and grocery items, for select pin-codes in the city. ... read..

Niti Aayog calls for extraordinary steps to tackle slowdown
New Delhi | Friday, 2019 2:45:05 AM IST
Niti Aayog Vice Chairman Rajiv Kumar on Thursday said the government must do whatever possible to handle the high stress in the financial sector which has resulted in an economic slowdown. ... read..

India's consumer confidence drops in August: Report
New Delhi | Friday, 2019 2:45:05 AM IST
Consumer confidence in India has declined by 3.1 percentage points in August compared to last month, according to the latest India Primary Consumer Sentiment Index (PCSI). ... read..

TiE Hyderabad launches new membership
Hyderabad | Friday, 2019 2:45:05 AM IST
In an effort to further stimulate entrepreneurship pursuits, TiE Hyderabad has launched new line of membership called select members. ... read..

Airtel has a strong balance sheet: Goldman Sachs
New Delhi | Friday, 2019 1:15:05 AM IST
Bharti Airtel, is staying strong and growing and has a robust balance sheet, said broking house Goldman Sachs. ... read..

None will escape recession, if protectionism rises: Goyal
New Delhi | Friday, 2019 1:15:05 AM IST
Commerce Minister Piyush Goyal on Thursday warned that the world economy will fall into a recession which will spare no country if the protectionist policies and "unilateral measures" being adopted by some developed countries continue. ... read..

Fuel supply to Air India stopped at 6 airports (2nd Lead)
New Delhi | Thursday, 2019 11:45:05 PM IST
State-owned oil marketing firms on Thursday evening stopped fuel supply to national carrier Air India at six airports, following non-payment of dues. ... read..

Zomato CEO taunts NRAI president, says enough is enough
New Delhi | Thursday, 2019 11:45:05 PM IST
After couple of letters from Zomato failed to pacify Rahul Singh, President of the National Restaurant Association of India (NRAI), to stop the #logout campaign, Zomato CEO Deepinder Goyal took to Twitter on Thursday in a bid to embarrass him for the "Gol ... read..

Qantas to run 19-hour flights to test passengers' limits
Sydney | Thursday, 2019 11:15:05 PM IST
Qantas will test three 19-hour ultra long-haul flights to determine whether passengers and crew can withstand the marathon journeys, the airline announced on Thursday. ... read..

No stimulus needed, firms must learn to handle slowdown: CEA (Lead)
New Delhi | Thursday, 2019 11:15:05 PM IST
Chief Economic Advisor (CEA) K. Subramanian on Thursday nearly ruled out any fiscal stimulus for the economy saying the mindset of profit being "private", while losses are "public" is not good for the market economy. ... read..

Fuel supply to Air India stopped at 6 airports (Lead)
New Delhi | Thursday, 2019 10:45:05 PM IST
State-owned oil marketing firms on Thursday evening stopped fuel supply to national carrier Air India over non-payment of dues at six airports. ... read..

Book on the untold Flipkart story to launch in Oct
New Delhi | Thursday, 2019 10:45:05 PM IST
IIT graduates Sachin Bansal and Binny Bansal founded out of an apartment in Bangalore (now Bengaluru) what would become Indias biggest e-commerce start-up. Recounting the astounding story of how the Bansals built Flipkart into a multi-billion-dollar power ... read..

ANA celebrates 30th anniversary of flights between Japan and Thailand
Tokyo | August 22, 2019 10:11:24 PM IST
With the increasing number of low-cost airlines around the world, Japan's All Nippon Airways (ANA) is attracting attention as it continues to improve its services. ... read..

Amit Shah chairs Western Zonal Council meet in Panaji
Panaji | Thursday, 2019 9:45:05 PM IST
The Western Zonal Council of India chaired by Union Home Minister Amit Shah and comprising of representatives of Gujarat, Maharashtra, Goa and the Union Territories of Daman, Diu and Dadra Nagar Haveli met here on Thursday and discussed issues related to ... read..

Sensex tanks 587 pts, as stimulus hopes fade (Lead)
Mumbai | Thursday, 2019 9:45:05 PM IST
The Sensex and Nifty on Thursday came under heavy selling pressure over fading hopes of a stimulus to revive economic growth. ... read..

UAE's KIZAD inks deal with Indian plastic makers body
Abu Dhabi | Thursday, 2019 9:45:05 PM IST
Ahead of Prime Minister Narendra Modi's visit to the UAE, Abu Dhabi Ports subsidiary Khalifa Industrial Zone Abu Dhabi (KIZAD) has signed a strategic agreement with the All India Plastics Manufacturers' Association (AIPMA) to support Indian polymer invest ... read..

UAE will be first Middle East country to issue RuPay card
Abu Dhabi | Thursday, 2019 8:45:05 PM IST
The UAE will be the first country in the Middle East to witness the launch of the RuPay card, "an Indian indigenous equivalent of Mastercard or Visa", during the visit of Indian Prime Minister Narendra Modi this weekend. ... read..

Oberoi Realty shares drop after I-T search operations
Mumbai | Thursday, 2019 8:45:05 PM IST
Oberoi Realty shares on Thursday tumbled nearly 6 per cent owing to the ongoing search and seizure operations by the Income Tax authorities at the company. ... read..

Pratik Pal appointed CEO of Tata Digital
Mumbai | Thursday, 2019 8:15:05 PM IST
Tata Sons on Thursday announced the appointment of Pratik Pal as the CEO of Tata Digital. ... read..

Economy doesn't need fiscal stimulus to tackle slowdown: CEA
New Delhi | Thursday, 2019 7:45:05 PM IST
Chief Economic Advisor (CEA) K. Subramanian on Thursday said the Indian economy does not need a fiscal stimulus to tackle the ongoing economic slowdown. ... read..

Kashmiri apple growers, cricket bat makers face losses
Srinagar | Thursday, 2019 7:15:05 PM IST
Continuous lockdown in Jammu and Kashmir is having a big impact on apple farming in the Valley. With the harvesting season just round the corner, Kashmiri apple growers are a worried lot. ... read..

Law enforcement agencies need to be trained to counter cyber crimes: Delhi L-G Baijal
New Delhi | August 22, 2019 7:11:37 PM IST
Delhi Lieutenant-Governor Anil Baijal on Thursday flagged the need for hands-on training of law enforcement agencies and a coherent global strategy to counter the alarming rise in cyber-crimes globally. ... read..

HDFC Bank elevates Srinivasan Vaidyanathan to CFO level
Mumbai (Maharashtra) | August 22, 2019 6:41:32 PM IST
Private lender HDFC Bank on Thursday appointed Srinivasan Vaidyanathan as its Chief Financial Officer (CFO) as the bank seeks to strengthen compliance with regulatory norms. ... read..

'Centre to complement RBI's efforts to beat slowdown'
New Delhi | Thursday, 2019 6:15:05 PM IST
The government is expected to take policy measures to complement Reserve Bank of India's rate cut for reversing the slowdown in economy, NITI Aayog Vice Chairman Rajiv Kumar told IANS. ... read..

Start-ups with turnover up to Rs 25 crore to get promised tax holiday: CBDT
New Delhi | August 22, 2019 6:11:46 PM IST
The Central Board of Direct Taxes (CBDT) clarified on Thursday that small start-ups with turnover up to Rs 25 crore will continue to get the promised tax holiday as specified in Section 80-IAC of the Income Tax Act 1961 which provides deduction for 100 pe ... read..

Now Medical Practitioners can avail loan for Doctors by Bajaj Finserv
| August 22, 2019 6:11:30 PM IST
Pune (Maharashtra) [India] August 22(ANI/BusinessWire India): Medicine has long been one of the most sought-after professions in our country. ... read..

Viraansh Kumar to feature in Hollywood TV Series, 'The Worst Day'
| August 22, 2019 6:11:24 PM IST
Los Angeles [USA] August 22(ANI/NewsVoir): Setting Hollywood on fire, Viraansh Kumar's latest TV series, 'The Worst Day' is due to be aired on the TV networks in the United States. ... read..

MRG World honoured at 11th Annual Estate Awards
| August 22, 2019 6:11:22 PM IST
New Delhi [India] August 22(ANI/NewsVoir): A leading Real Estate Company and now the players of Affordable Housing, MRG World has won Emerging Developer Award at recently concluded 11th Annual Estate Awards coinciding with RE/MAX Asia Pacific Convention 2 ... read..

Netflix-led OTT platforms threaten cable TV in India: Report
Mumbai | Thursday, 2019 5:45:05 PM IST
Netflix and other over-the-top (OTT) platforms are slowly but steadily eating the cable TV business, a new KPMG report has said, adding that there was a decline of nearly 12-15 million active subscribers for the cable & satellite (C&S) universe in the fou ... read..

DLF tanks 20% on Supreme Court notice
Mumbai | Thursday, 2019 5:45:05 PM IST
DLF fell over 20 per cent on the BSE during the early trade on Thursday following reports that the Supreme Court has issued a notice to the company for suppressing key information regarding judicial proceedings against its largest chunk of land-bank in Ha ... read..

Sensex down 170 points, Yes Bank sheds 5%
Mumbai | Thursday, 2019 5:45:05 PM IST
In the absence of any positive development and concerns over the damaging slowdown in the domestic economy, the markets continued to trade lower on Thursday. ... read..

Gillette India reports 11 pc higher sales at Rs 1,861 crore in FY 20
Mumbai (Maharashtra) | August 22, 2019 5:41:29 PM IST
Gillette India Ltd on Thursday said its sales totalled Rs 1,862 crore in the fiscal year ended June 30, up 11 per cent year-on-year behind strong brand fundamentals. ... read..

Gurugram's unsold housing stock up 10% in 2 years: Anarock
New Delhi | Thursday, 2019 5:15:05 PM IST
Unsold housing inventory in Gurugram rose over 10 per cent during the last two years, in contrast to a decline in stocks in other parts of the National Capital Region (NCR), an Anarock report said on Thursday. ... read..

Sensex crashes by 587 points amid heavy selling pressure, DLF plunges by 16 pc
Mumbai (Maharashtra) | August 22, 2019 4:41:25 PM IST
Bearish trends gripped the stock market on Thursday as investors awaited clarification on tax proposals for foreign portfolio investors made in the Budget and remained unsure on the stimulus package despite assurances by the government. ... read..

IRCTC files DRHP with SEBI for IPO
New Delhi | August 22, 2019 3:41:34 PM IST
The Indian Railway Catering and Tourism Corporation (IRCTC) on Thursday filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). ... read..

Cranberry flavoured ice creams launched at Giani's, Emoi and Kulfiano
| August 22, 2019 2:11:25 PM IST
New Delhi [India] August 22 (ANI/NewsVoir): Cranberries in India are quickly gaining popularity as three leading Delhi ice cream brands have updated their menus to include the superfruit. Giani's, Emoi, and Kulfiano launched a range of cranberry ice cream ... read..

European drug regulator approves Biocon's Malaysia insulin facility
Bengaluru (Karnataka) | August 22, 2019 1:41:26 PM IST
Biopharmaceutical major Biocon said on Thursday said its insulin facility in Malaysia has been approved by the European Medicines Agency. ... read..

Lupin divests Japanese subsidiary Kyowa Criticare to Neopharma group
Mumbai (Maharashtra) | August 22, 2019 12:41:34 PM IST
Pharma major Lupin Ltd said on Thursday that it has entered into a definitive agreement for the sale of its Japanese injectables business and related assets to Neo Ala Co Ltd, a wholly-owned subsidiary of Neopharma Group which is the UAE's largest pharmac ... read..

Sensex continues downward slide, Nifty realty dips 6.2 pc as DLF cracks 17 pc
Mumbai (Maharashtra) | August 22, 2019 11:11:39 AM IST
Equity benchmark indices were in the negative zone during early hours on Thursday in line with global cues as uncertainty continued over the chance of global fiscal stimulus. ... read..

Karnataka preparing policy to regulate tech innovation
Bengaluru | Thursday, 2019 8:15:05 AM IST
The Karnataka government is drafting a policy to regulate innovation in technology and address the new age challenges with a sound legal framework, a top official said on Wednesday. ... read..

What caused RBI to shift from convention on rate cut (Lead)
Mumbai | Thursday, 2019 6:15:05 AM IST
The Reserve Bank of India had raised quite a few eyebrows when it announced an unconventional 35 basis points rate cut during its bi-monthly policy meet earlier this month. ... read..

Tribunal stays withdrawal of Karnataka iron ore mine lease
New Delhi | Thursday, 2019 5:15:05 AM IST
The Mines Tribunal has stayed the Karanatka government's order to withdraw the extension of mining lease of Donimalai Iron Ore Mine. The order will prohibit the state government to take any further action regarding mining lease or initiate auction process ... read..

NCLAT asks Jet CoC if it will work with Dutch administrator
New Delhi | Thursday, 2019 5:15:05 AM IST
The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the Committee of Creditors of Jet Airways to file an affidavit stating whether it is ready to cooperate with the Dutch bankruptcy administrator which is also pursuing insolvency procee ... read..

Renewables won't overtake coal soon in power sector: CIL
Kolkata | Thursday, 2019 4:45:05 AM IST
Iterating that renewable energy sources were unlikely to overtake coal as the major source of power generation in India any time soon, state-owned Coal India Ltd on Wednesday said the energy migration would happen "differently" in the country as compared ... read..

Loans from NBFCs to developers halved in FY19: Report
New Delhi | Thursday, 2019 4:45:05 AM IST
The liquidity crisis in the NBFC sector was so grave that net loan disbursal by non-banking financial companies (NBFC) and housing financing companies (HFC) to realty developers declined by nearly 50 per cent in 2018-19 on a year-on-year (YoY) basis to an ... read..

Zomato rejigs 'Gold' service, NRAI refuses to budge (Lead)
New Delhi | Thursday, 2019 3:45:05 AM IST
Giving in to the demands of offline restaurants to stop "unethical" deep discounting practices, online food aggregator Zomato on Wednesday announced to immediately reconstruct its 'Gold' service to help drive better margins for the restaurants. ... read..

Crude, gas and refinery output slips
New Delhi | Thursday, 2019 3:15:05 AM IST
Production of crude oil, natural gas and refinery products declined in July, 2019 against the monthly target with experts attributing it to the mix of economic slowdown and seasonal trend. ... read..

Assam to engage consultant to study tea industry problems
Guwahati | Thursday, 2019 3:15:05 AM IST
Assam industry minister Chandra Mohan Patowary on Wednesday said that the government will engage an outside consultant to study the problems of the tea industry. ... read..

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