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Headline
India wants reciprocal trade with other countries: Goyal
New Delhi, Aug 10 (IANS) Commerce Minister Piyush Goyal on Monday asserted that Indian products deserve fair access to other countries before these countries can freely access the Indian market.
2020-08-10
Category: India, Delhi,Business/Economy
IndiGo to raise Rs 4k cr via qualified institutions placement
New Delhi, Aug 10 (IANS) InterGlobe Aviation, which operates airline major IndiGo, has decided to raise funds worth Rs 4,000 crore.
2020-08-10
Category: India, Delhi,Business/Economy
IFC invests $10 mn in Endiya Fund II to support product start-ups
Hyderabad, Aug 10 (IANS) The Endiya Fund II has received a commitment of about $10 million (Rs 75 crore) from the International Finance Corporation (IFC), a member of the World Bank Group.
2020-08-10
Category: India, Andhra Pradesh,Business/Economy,Technology
Titan logs Rs 270 cr Q1 loss
Mumbai, Aug 10 (IANS) Tata group firm Titan Company Ltd on Monday reported standalone loss of Rs 270 crore for the April-June quarter as the coronavirus pandemic severely impacted its operations with retail outlets closed for large part of the period under review.
2020-08-10
Category: India, Maharashtra,Business/Economy
FM launches online dashboard for National Infrastructure Pipeline
New Delhi, Aug 10 (IANS) Union Finance Minister Nirmala Sitharaman on Monday launched the National Infrastructure Pipeline's (NIP) online dashboard through video conferencing.
2020-08-10
Category: India, Delhi,Business/Economy
SEBI guidelines to aid trustees in monitoring AMCs activities
New Delhi, Aug 10 (IANS) The Securities and Exchange Board of India (SEBI) on Monday issued guidelines to provide administrative assistance to trustees in monitoring various activities of asset management companies (AMCs).
2020-08-10
Category: India, Delhi,Business/Economy
AI Express crash: Agency hired to recover passengers' baggage
Chennai, Aug 10 (IANS) Air India, and its subsidiary Air India Express, have engaged the services of a baggage recovery agency to recover the belongings of the passengers of the crashed Dubai-Kozhikode flight.
2020-08-10
Category: India, Tamil Nadu,Business/Economy
ICICI Bank launches QIP with floor price of Rs 351.36/share
Mumbai, Aug 10 (IANS) ICICI Bank on Monday launched its qualified institutional placement (QIP) with a floor price of Rs 351.36 per equity share.
2020-08-10
Category: India, Maharashtra,Business/Economy
Money-makers up for sale, Centre follows NDA-I on privatisation (Disinvestment blues in Covid times - Part 1)
New Delhi, Aug 10 (IANS) The Modi government's disinvestment policy, focused on strategic sales, has gathered steam in the past one year, with even profit-making PSUs such as BPCL being put on the block. This spree of putting state-run entities up for sale is a sort of a 'deja vu' moment for Indian public sector enterprises, which witnessed a similar privatisation drive during the Atal Bihari Vajpayee-led NDA government.
2020-08-10
Category: India, Delhi,Business/Economy
Lufthansa to reinstate inbound passenger flights to India
New Delhi, Aug 10 (IANS) German airline major Lufthansa will recommence passenger flight services to India on specific routes, following a bilateral agreement between India and Germany.
2020-08-10
Category: India, Delhi,National,Business/Economy
Net outflows from equity MFs at Rs 2,480 cr
Mumbai, Aug 10 (IANS) Profit booking, along with caution on the part of investors, led to a net outflow from equity mutual fund schemes in July on a sequential basis.
2020-08-10
Category: India, Maharashtra,Business/Economy
Equity indices trim gains, healthcare stocks surge
Mumbai, Aug 10 (IANS) The key Indian equity indices shed major gains made earlier in the day on Monday, while the BSE Sensex closed 141 points higher.
2020-08-10
Category: India, Maharashtra,Business/Economy
Can spectrum be sold or transferred? SC's poser to govt
New Delhi, Aug 10 (IANS) The Supreme Court on Monday, during the hearing on the adjusted gross revenue (AGR) matter of telecom companies, questioned the Centre as to how is it possible to sell the spectrum and whether it is transferable.
2020-08-10
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
Numaligarh refinery gets environmental nod for expansion
Guwahati, Aug 10 (IANS) The state-owned Numaligarh Refinery Limited (NRL) in Assam has received environmental clearance from the Ministry of Environment, Forest and Climate Change for its expansion, officials said here on Monday.
2020-08-10
Category: India, Assam,Business/Economy,Environment/Wildlife
AGR case: Can spectrum can be sold or transferred, SC asks
New Delhi, Aug 10 (IANS) The Supreme Court on Monday, during the hearing on the adjusted gross revenue (AGR) matter of telecom companies, questioned the Centre as to how is it possible to sell the spectrum and whether it is transferable.
2020-08-10
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
India's incentives for API production may cut supply risk: Fitch
New Delhi, Aug 10 (IANS) The government's decision to incentivise domestic manufacturing of active pharmaceutical ingredients (API) and key starting materials (KSM) could curtail supply-chain disruption risk for Indian drug makers, Fitch Ratings said on Monday.
2020-08-10
Category: India, Delhi,Business/Economy,Health/Medicine
Union Bank of India cuts MCLR by up to 15 bps across tenors
Mumbai, Aug 10 (IANS) The Union Bank of India on Monday announced a reduction in the marginal cost of funds-based lending rate (MCLR) by up to 15 basis points across tenors.
2020-08-10
Category: India, Maharashtra,Business/Economy
Andhra's new industrial policy promises end-to-end hand-holding
Amaravati, Aug 10 (IANS) The Andhra Pradesh government on Monday unveiled its new industrial policy, envisaging a multi-faceted end-to-end business enablement centre that will offer 10 services to investors throughout the entire life cycle of the industry.
2020-08-10
Category: India, Maharashtra,Business/Economy
Amazon leads global infrastructure as a service market: Gartner
San Francisco, Aug 10 (IANS) Amazon retained the top position in the worldwide infrastructure as a service (IaaS) market which grew 37.3 per cent in 2019 as organisations increased adoption of Public Cloud services, Gartner said on Monday.
2020-08-10
Category: International, Costa Rica,Business/Economy,Technology
Govt may partner industry bodies for GeM expansion
New Delhi, Aug 10 (IANS) The government is looking at partnering with industry bodies for getting wider participation on its public procurement platform called GeM or government e-marketplace.
2020-08-10
Category: India, Delhi,Business/Economy
After slow start, states lap up liquidity scheme for discoms
New Delhi, Aug 10 (IANS) After a slow start, the Centre's ambitious Rs 90,000-crore plan on Liquidity Injection for Electricity Distribution Companies has taken off now with close to 80 per cent of the amount already sanctioned to distressed firms in three to four states.
2020-08-10
Category: India, Delhi,Business/Economy
209 SMB sellers became crorepatis in 48 hours in India: Amazon
Bengaluru, Aug 10 (IANS) Amazon India on Monday said that over 91,000 small and medium-sized businesses participated in the two-day Prime Day sales which saw 209 SMB sellers becoming crorepatis in 48 hours.
2020-08-10
Category: India, Karnataka,Business/Economy,Technology
Covid suppresses retail insurance, group biz on rise
New Delhi, Aug 10 (IANS) The Covid-19 pandemic has brought about a big shift in the insurance preference for customers. While the pandemic has made corporates take up the responsibility of providing insurance coverage to their employees by subscribing to group insurance plans, the financial uncertainty the pandemic has created has pushed back individuals from buying into insurance.
2020-08-10
Category: India, Delhi,Business/Economy
Extension for 80C investments boosts NPS' Q1FY21 corporate subscriber base (IANS Special)
New Delhi, Aug 10 (IANS) Despite the Covid-induced economic turbulence, the Centre-backed National Pension System's corporate subscriber base has registered a substantial growth during Q1FY21.
2020-08-10
Category: India, Delhi,Business/Economy
Oil prices rise as Iraq pledges to cut output
New Delhi, Aug 10 (IANS) Crude oil prices rose on Monday on supply concerns after Iraq said that it will further cut production.
2020-08-10
Category: India, Delhi,Business/Economy
Flipkart 'Leap' to nurture tech, consumer Internet startups
Bengaluru, Aug 10 (IANS) E-commerce marketplace Flipkart on Monday launched its first startup accelerator programme to help new and upcoming companies in technology and consumer Internet space to grow, scale and navigate challenges.
2020-08-10
Category: India, Karnataka,Business/Economy,Technology
Sensex up 300 points, Nifty above 11,300 mark
Mumbai, Aug 10 (IANS) The key Indian equity indices traded on a positive note on Monday morning with the BSE Sensex gaining over 300 points.
2020-08-10
Category: India, Maharashtra,Business/Economy
Review appointment of Kamath as head of loan rejig panel: AIBEA to RBI
Chennai, Aug 10 (IANS) The All India Bank Employees Association (AIBEA) has expressed its opposition to the appointment of ICICI Banks former CEO and non Executive Chairman K.V.Kamath as the Head of the Expert Committee on Resolution Framework for Covid19-related Stress as his name figures in a CBI First Information Report (FIR).
2020-08-10
Category: India, Tamil Nadu,Business/Economy
50% Indian workforce may be AI ready in next 6-10 years: Microsoft
New Delhi, Aug 10 (IANS) The organisations that have deployed Artificial Intelligence (AI) with skilling initiatives in India are generating most value from this new-age technology, and senior executives predict that half of all employees will be equipped with AI skills in the next 6-10 years, a new Microsoft survey said on Monday.
2020-08-10
Category: India, Delhi,Business/Economy,Technology,Education
Saudi Aramco distributes $18bn dividend for Q2
Riyadh, Aug 10 (IANS) Saudi Aramco, the world's largest oil producer, announced the dividend distribution of $18.75 billion to shareholders for the second quarter of 2020.
2020-08-10
Category: International, Saudi Arabia,Business/Economy
Paytm launches portable Android POS device for Rs 499 a month
New Delhi, Aug 10 (IANS) Leading digital payment service Paytm on Monday launched an Android-based, pocked-sized point of sale (POS) device that is enabled with integrated billing software, camera for QR scanning and supports 4G SIM cards Wi-Fi and Bluetooth connectivity.
2020-08-10
Category: India, Delhi,Business/Economy,Technology
Toshiba wraps up laptop business, sells remaining shares to Sharp
Tokyo, Aug 10 (IANS) Japanese tech giant Toshiba, once well-known for its satellite range of laptops meant for heavy use, has finally decided to quit the laptop business.
2020-08-10
Category: International, Japan,Business/Economy,Technology
Railways to save 10-15% per annum by procuring via GeM: Goyal
New Delhi, Aug 9 (IANS) Union Commerce and Industry Minister Piyush Goyal on Sunday said that Indian Railways will save at least 10-15 per cent by procuring all the required goods and services through the government e-marketplace (GeM).
2020-08-09
Category: India, Delhi,Business/Economy
NCLAT dismisses insolvency plea against Gujarat Ambuja Exports
New Delhi, Aug 9 (IANS) The National Company Law Appellate Tribunal (NCLAT) has upheld the NCLT order setting aside a plea seeking initiation of insolvency proceedings against agro-processing company Gujarat Ambuja Exports Ltd.
2020-08-09
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
IBBI comes up with 'red flags' for IPs to detect avoidance transactions
New Delhi, Aug 9 (IANS) The Insolvency and Bankruptcy Board of India (IBBI) has come up with a document which lists 'red flags' to detect avoidance transactions by corporate debtors.
2020-08-09
Category: India, Delhi,Business/Economy
Aramco's Apr-Jun profit down 73%, but sees oil market recovery
New Delhi, Aug 9 (IANS) Energy giant Saudi Aramco has reported a 73 per cent fall in its profit, or the net income, for the April-June quarter to $6.6 billion amid the pandemic.
2020-08-09
Category: India, Delhi,Business/Economy
Affle India reports 42% rise in Q1 consolidated net profit
New Delhi, Aug 9 (IANS) Affle (India) Ltd has reported a 42.3 per cent rise in its consolidated net profit for the April-June quarter at Rs 18.77 crore. During the corresponding period of last fiscal, it had reported a net profit of Rs 13.19 crore.
2020-08-09
Category: India, Delhi,Business/Economy
RIL has 15-year vision to be a new energy company: Report
Mumbai, Aug 9 (IANS) Oil and telecom major Reliance Industries (RIL) has a 15-year vision to become a new energy company aimed at turning into a net carbon-zero company, according to a report by BofA Securities.
2020-08-09
Category: India, Maharashtra,Business/Economy
IndusInd bank picks stake in Eveready, McLeod Russel
New Delhi, Aug 9 (IANS) IndusInd bank has acquired more than 7 per cent stake in both Eveready Industries India and McLeod Russel India by invoking pledged shares.
2020-08-09
Category: India, Delhi,Business/Economy
Desi app Chingari raises nearly Rs 10 crore in seed funding
New Delhi, Aug 9 (IANS) Homegrown short video-sharing app Chingari which came into prominence as a TikTok alternative amid anti-China sentiment in the country has raised 1.3 million (around Rs 10 crore) in a seed round led by AngelList India, Utsav Somanis iSeed, Village Global, LogX Ventures, and Jasminder Singh Gulati of NowFloats.
2020-08-09
Category: India, Delhi,Business/Economy,Technology
Rural economy still strong on record procurement of farm produce: PM
New Delhi, Aug 9 (IANS) As the pandemic severely hits the economy, Prime Minister Narendra Modi said the rural economy of India is on a strong footing, bucking the overall economic slowdown, courtesy the 'record' procurement of farmers' produce by the government.
2020-08-09
Category: India, Delhi,Business/Economy
PM launches Rs 1 lakh cr Agriculture Infrastructure Fund
New Delhi, Aug 9 (IANS) Prime Minister Narendra Modi on Sunday launched the financing facility under the Agricuture Infrastructure Fund worth Rs 1 lakh crore.
2020-08-09
Category: India, Delhi,Business/Economy
OMCs hold fuel prices, diesel price same for 9th day
New Delhi, Aug 9 (IANS) Oil marketing companies (OMCs) continued to keep automobile fuel prices unchanged on Sunday, with diesel prices across the four metros remaining untouched for the ninth day in a row.
2020-08-09
Category: India, Delhi,Business/Economy
SpiceJet operates first long-haul wide-body charter flight to Canada
New Delhi, Aug 8 (IANS) Airline major SpiceJet on Saturday became the first Indian budget carrier to operate a long-haul wide-body charter flight to North America.
2020-08-08
Category: India, Delhi,Business/Economy
PSBs need to step up provisioning to restructure Covid-hit loans
New Delhi, Aug 8 (IANS) Public sector banks would need to increase their provisioning buffer factoring in the incremental provisioning requirement on restructured loans and potential NPAs, a report said.
2020-08-08
Category: India, Delhi,Business/Economy
Covid-19 brings back plan for credit enhancement NBFC
New Delhi, Aug 8 (IANS) The government proposes to give the go-ahead for a new credit enhancement non-banking finance company (NBFC) that will act as a guarantor for lower-rated bonds issued by infrastructure companies to help them raise funds at competitive rates.
2020-08-08
Category: India, Delhi,Business/Economy
Decision in Oracle's favour will limit consumers' freedom: Google
San Francisco, Aug 8 (IANS) As Google and Cloud major Oracle look forward to the US Supreme Court hearing on October 7 into a decade-long copyright legal battle, the search engine giant has filed a supplemental brief to augment its position, saying a decision in Oracles favour would limit consumers freedom to use technologies on a range of devices.
2020-08-08
Category: International, Costa Rica,Business/Economy,Technology,Immigration/Law/Rights
Liquidity scheme for NBFCs, HFCs: 15 proposals get Rs 6,399 cr sanction
New Delhi, Aug 8 (IANS) The special liquidity scheme (SLS) for NBFCs and HFCs has received a positive response from the financial sector with 15 proposals involving an amount of Rs 6,399 crore already sanctioned upto August 7.
2020-08-08
Category: India, Delhi,National,Business/Economy
AI Express to pay interim compensation to Kozhikode victims
New Delhi, Aug 8 (IANS) Air India Express on Saturday said that it will pay an interim compensation to the victims of Friday's Kozhikode accident in order to provide them immediate relief.
2020-08-08
Category: India, Delhi,National,Crime/Disaster/Accident,Business/Economy
New India-led insurers not to be majorly hit by Kozhikode crash
Chennai, Aug 8 (IANS) The public sector New India Assurance Company Ltd-led consortium which insured the Air India's fleet of about 170 aircrafts, including the ill-fated Air India Express plane that crashed at Kozhikode, may not be hit hard by the claims owing to reinsurance cover, said industry experts.
2020-08-08
Category: India, Tamil Nadu,Business/Economy,Crime/Disaster/Accident