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Headline
Slowdown: Hyundai Motor India lists 'no production days'
Chennai, Aug 17 (IANS) India's second largest car maker, Hyundai Motor India Ltd (HMIL) has declared "no production days" this month for some of its production departments owing to tough market conditions for the automobile sector.
2019-08-17
Category: India, Tamil Nadu,Business/Economy
ISRO plans to source 5 PSLV rockets from domestic firms
Chennai, Aug 17 (IANS) Targeting to realise 12 Polar Satellite Launch Vehicles (PSLV) per year from the domestic private sector, Indian space agency ISRO's commercial arm NewSpace India Ltd has issued an Expression of Interest (EoI) for first manufacturing five of these rockets.
2019-08-17
Category: India, Tamil Nadu,Business/Economy,Technology
Coffee Day group's outstanding debt at Rs 4,970 cr
Bengaluru, Aug 17 (IANS) The Coffee Day group on Saturday said its total outstanding debt was Rs 4,970 crore, including Rs 4,796 crore secured loans and Rs 174 crore in unsecured loans.
2019-08-17
Category: India, Karnataka,Business/Economy
Excess water released from Bhakra Dam, more discharges likely
Chandigarh, Aug 17 (IANS) As the Bhakra Dam across the Sutlej in Himachal Pradesh reached its capacity, excess water was released as a precaution, which could cause flood in villages located downstream, officials said
2019-08-17
Category: India, Punjab,National,Business/Economy,Environment/Wildlife
Quicker security check-in facility at Delhi airport's T2
New Delhi, Aug 16 (IANS) To provide hassle-free check-in to domestic passengers, the GMR-led Delhi International Airport (DIAL), the company which operates New Delhi's IGI Airport, on Friday introduced an 'Express' security check-in facility at Terminal 2.
2019-08-16
Category: India, Delhi,Business/Economy
India's forex reserves up $1.62 bn; reaches $430.57 bn
Mumbai, Aug 16 (IANS) India's foreign exchange reserves increased by $1.62 billion during the week ended August 9, official data showed on Friday.
2019-08-16
Category: India, Maharashtra,Business/Economy
SpiceJet to launch 12 new domestic flights from October
New Delhi, Aug 16 (IANS) Budget passenger carrier SpiceJet on Friday said it will launch 12 new domestic flights effective from the first week of October 2019.
2019-08-16
Category: India, Delhi,Business/Economy
New DVR rules of Cos Act enable promoters retain control
New Delhi, Aug 16 (IANS) The Ministry of Corporate Affairs has amended the provisions relating to issue of shares with Differential Voting Rights (DVRs) provisions under the Companies Act with the objective of enabling promoters of Indian companies to retain control of their companies while as they raise equity capital from global investors with DVR shares now making up 74 per cent of total voting rights instead of 26 per cent earlier.
2019-08-16
Category: India, Delhi,Business/Economy
Ready-to-cook food start-up MFPL targets 1 lakh units per day
Hyderabad, Aug 16 (IANS) Mangamma Foods Private Ltd (MFPL), a Hyderabad-based startup in the ready-to-cook segment, is aiming at rapid growth by the end of the current fiscal with a target of one lakh units per day.
2019-08-16
Category: India, Andhra Pradesh,Business/Economy
Deep discounts: Restaurants, online food aggregators battle it out
New Delhi, Aug 16 (IANS) With hundreds of restaurants under the umbrella of the National Restaurant Association of India (NRAI) coming out in the open to challenge the deep discounting practices of online food aggregators like Zomato Gold and Dineout, the war over who controls the palate of Indians has intensified.
2019-08-16
Category: India, Delhi,National,Technology,Business/Economy
Sensex ends in green amid weak global cues
Mumbai, Aug 16 (IANS) Buzz of a possible stimulus package by the Union government aided the Sensex and Nifty to finish in the green on Friday.
2019-08-16
Category: India, Maharashtra,Business/Economy
Demand slowdown 'overblown', buyers moving online: Centrum
Mumbai, Aug 16 (IANS) As concerns on sudbued consumption demand and a likely slowdown in the economy grips India Inc and the government, a report by brokerage firm Centrum says that the narrative of demand slowdown is "overblown" and there is a behavioural shift among consumers as they are moving towards online purchases.
2019-08-16
Category: India, Maharashtra,Business/Economy
Government may receive first tranche of RBI surplus this calendar
New Delhi, Aug 16 (IANS) The Finance Ministry is likely to receive the first tranche of the RBI's surplus money towards December after its central board discusses and approves the report finalised by the Bimal Jalan panel.
2019-08-16
Category: India, Delhi,National,Business/Economy
Hero MotoCorp stops production for 4 days
Mumbai, Aug 16 (IANS) Hero MotoCorp, the country's largest two-wheeler manufacturer, on Friday said that their manufacturing facilities will be closed for four days (August 15 to 18) owing to "demand scenario".
2019-08-16
Category: India, Maharashtra,Business/Economy
Sensex down 140 points amid poor global cues
Mumbai, Aug 16 (IANS) The Sensex fell by 140 points during the early trade on Friday, dragged by finance and banking stocks.
2019-08-16
Category: India, Maharashtra,Business/Economy
Deep discount: Restaurants delist from online food platforms
New Delhi, Aug 15 (IANS) Challenging the deep discounting practices of online food delivery platforms like Zomato Gold and EasyDiner, over 300 restaurants in Gurugram under the umbrella of the National Restaurant Association of India (NRAI) on Thursday observed a #Logout campaign.
2019-08-15
Category: India, Delhi,National,Technology,Business/Economy
ONGC investing Rs 83,000 cr in 25 projects: CMD
New Delhi, Aug 15 (IANS) Diversified energy major ONGC is investing around Rs 83,000 crore in 25 major projects. "15 of these projects are under execution and will directly contribute to oil and gas production," said ONGC Chairman and Managing Director (CMD) Shashi Shanker on Thursday.
2019-08-15
Category: India, Delhi,Business/Economy
Kite threads delay Delhi Metro service on Blue line
New Delhi, Aug 15 (IANS) After excessive kite threads led to the tripping of overhead electrification, Delhi Metro service on Blue line was delayed on Thursday between Subhash Nagar and Rajouri Garden stations.
2019-08-15
Category: India, Delhi,National,Business/Economy,Human Interest/Society
PM reviews economy with Sitharaman
New Delhi, Aug 15 (IANS) Prime Minister Narendra Modi on Thursday took stock of the prevailing economic situation of the country with Finance Minister Nirmala Sitharaman on Thursday.
2019-08-15
Category: India, Delhi,Business/Economy
Key committees in IL&FS did not meet for years: RBI
New Delhi, Aug 15 (IANS) As the liquidity crunch in the non-banking finance company (NBFC) sector, which came to light with the IL&FS crisis, continues to drag the economy down, fresh revelations of blatant misgovernance by the erstwhile IL&FS mangement have been revealed by the RBI's investigation in the matter.
2019-08-15
Category: India, Delhi,Business/Economy
Alibaba posts $16.7bn in revenue, consumer base hits 674mn
Beijing, Aug 15 (IANS) Expanding its user base to 674 million annual active consumers, Chinese e-commerce giant Alibaba on Friday announced it posted $16.7 billion in revenue -- an increase of 42 per cent year-over-year -- with $2.7 billion in net income for the quarter that ended June 30.
2019-08-15
Category: International, China,Business/Economy,Technology
Villagers to take governance to people's doorstep
Vijayawada, Aug 15 (IANS) On the occasion of Independence Day, the Andhra Pradesh government launched a village volunteers initiative for taking governance to the doorsteps of people by involving over 2.8 lakh village volunteers.
2019-08-15
Category: India, Andhra Pradesh,National,Business/Economy,Politics
RBI clarifies on free ATM transactions; gives relief to customers
Mumbai, Aug 14 (IANS) The Reserve Bank of India (RBI) on Wednesday clarified that those transactions which fail on account of technical and other specified reasons shall not be included in the 'five free monthly ATM transactions'.
2019-08-14
Category: India, Maharashtra,Business/Economy
India keen to offer support for aviation infra to neighbours: Minister
New Delhi, Aug 14 (IANS) Civil Aviation Minister Hardeep Singh Puri has said that India would be keen to offer solutions and support for aviation infrastructure, connectivity and capacity building to its immediate neighbourhood.
2019-08-14
Category: India, Delhi,Business/Economy
CCI slaps Rs 17 cr fine on JTEKT Corp, its Indian arm
New Delhi, Aug 14 (IANS) The Competition Commission of India (CCI) here on Wednesday imposed over Rs 17 crore penalty on Japan's JTEKT Corporation and its Indian subsidiary JTEKT Sona Automotive India Ltd (JSAI) for cartelisation with NSK Ltd, Japan, in supplying 'electric power steering' (EPS) systems to automotive manufacturers.
2019-08-14
Category: India, Delhi,Business/Economy
IAMAI says RBI has no authority to ban cryptocurrencies
New Delhi, Aug 14 (IANS) Challenging a Reserve Bank of India (RBI) circular prohibiting banks and financial institutions from providing services in relation to cryptocurrencies, the Internet and Mobile Association of India (IAMAI) on Wednesday told the Supreme Court that the RBI did not have the authority to place a ban when there was no legislative policy in place for virtual currencies.
2019-08-14
Category: India, Delhi,Business/Economy,Technology
Jalan panel readies report on RBI surplus transfer to government
New Delhi, Aug 14 (IANS) The Bimal Jalan committee met for the last time on Wednesday before it submits its report on the formula to be adopted for transfer of the RBI's surplus to the government, official souces said here.
2019-08-14
Category: India, Delhi,Business/Economy
Coffee Day selling Tech Park to Blackstone for Rs 3,000 cr
Bengaluru, Aug 14 (IANS) Coffee Day Enterprises Ltd on Wednesday approved selling Global Village Tech Park of its subsidiary Tanglin Developments Ltd in Bengaluru to the US-based private equity firm Blackstone for Rs 2,600-3,000 crore over the next 30-45 days.
2019-08-14
Category: India, Karnataka,Business/Economy,Technology
Markets open on a positive note
Mumbai, Aug 14 (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note.
2019-08-14
Category: India, Maharashtra,Business/Economy
ONGC's Q1 standalone net profit down 3.9%
Mumbai, Aug 13 (IANS) Diversified energy major ONGC on Tuesday reported a decline of 3.9 per cent in its standalone net profit for the quarter ended June 30, 2019.
2019-08-13
Category: India, Maharashtra,Business/Economy
Indian, Russian firms should show concrete proposals: Goyal
New Delhi/Vladivostok, Aug 13 (IANS) Union Minister Piyush Goyal has urged Indian and Russian companies to come up with concrete project proposals to diversify and deepen trade ties.
2019-08-13
Category: India, Delhi,Business/Economy
Infosys to drive Toyota arm in US on cloud
Bengaluru, Aug 13 (IANS) Global software major Infosys on late Tuesday said it would provide telematics software to car maker Toyota's material handling arm in the US on its cloud platform.
2019-08-13
Category: India, Karnataka,National,Technology,Business/Economy
July auto sales plunge 19%, highest in 19 years (Roundup)
New Delhi, Aug 13 (IANS) The automobile industry on Tuesday sought revival measures amidst the data showing 18.71 per cent decline in off-take in July, recording the highest monthly sales de-growth in the last 19 years.
2019-08-13
Category: India, Delhi,Business/Economy
Persistent slowdown pushing several sectors to recession
New Delhi, Aug 13 (IANS) Global stock markets are falling, gold price are touching life-time highs and the inversion of bond yield curve is signalling a possible global recession in the near future.
2019-08-13
Category: India, Delhi,National,Business/Economy
ONGC's Q1 standalone net profit down 3.9%
Mumbai, Aug 13 (IANS) Diversified energy major ONGC on Tuesday reported a decline of 3.9 per cent in its standalone net profit for the quarter ended June 30, 2019.
2019-08-13
Category: India, Maharashtra,Business/Economy
Indian, Russian firms should show concrete proposals: Goyal
New Delhi/Vladivostok, Aug 13 (IANS) Union Minister Piyush Goyal has urged Indian and Russian companies to come up with concrete project proposals to diversify and deepen trade ties.
2019-08-13
Category: India, Delhi,Business/Economy
Infosys to drive Toyota arm in US on cloud
Bengaluru, Aug 13 (IANS) Global software major Infosys on late Tuesday said it would provide telematics software to car maker Toyota's material handling arm in the US on its cloud platform.
2019-08-13
Category: India, Karnataka,National,Technology,Business/Economy
July auto sales plunge 19%, highest in 19 years (Roundup)
New Delhi, Aug 13 (IANS) The automobile industry on Tuesday sought revival measures amidst the data showing 18.71 per cent decline in off-take in July, recording the highest monthly sales de-growth in the last 19 years.
2019-08-13
Category: India, Delhi,Business/Economy
Persistent slowdown pushing several sectors to recession
New Delhi, Aug 13 (IANS) Global stock markets are falling, gold price are touching life-time highs and the inversion of bond yield curve is signalling a possible global recession in the near future.
2019-08-13
Category: India, Delhi,National,Business/Economy
Govt notifies partial credit guarantee scheme for PSBs
New Delhi, Aug 13 (IANS) The government on Tuesday notified the scheme of partial credit guarantee for PSBs to buy pooled assets of NBFCs up to Rs 1 lakh crore, activating the announcement of the Budget on July this year to boost lendings to the cash strapped NBFCs.
2019-08-13
Category: India, Delhi,Business/Economy
MP government on a borrowing spree to offset farm loan waiver
Bhopal, Aug 13 (IANS) The Kamal Nath-led Madhya Pradesh government has borrowed heavily to come to terms with the financial crunch caused by farm loan waivers.
2019-08-13
Category: India, Madhya Pradesh,National,Business/Economy,Politics
Ratul Puri appeals HC against dismissal of his pre-arrest bail
New Delhi, Aug 13 (IANS) Madhya Pradesh Chief Minister Kamal Nath's nephew, the industrialist Ratul Puri on Tuesday approached the Delhi High Court challenging the trial court order dismissing his anticipatory bail in a money laundering case relating to the AgustaWestland scam.
2019-08-13
Category: India, Delhi,Business/Economy,Crime/Disaster/Accident
Auto sales plunge 19%; highest monthly de-growth in 19 years
New Delhi, Aug 13 (IANS) The domestic automobile industry on Tuesday sought revival measures from the government, even as data showed that overall sectoral off-take in July plunged 18.71 per cent, recording the highest monthly sales de-growth in the last 19 years.
2019-08-13
Category: India, Delhi,Business/Economy
India's July retail inflation inches-lower to 3.15%
New Delhi, Aug 13 (IANS) India's retail inflation inched lower to 3.15 per cent in July from 3.18 per cent in June and 4.17 per cent in the corresponding month of the previous year.
2019-08-13
Category: India, Delhi,Business/Economy
Honor set to refresh X series with new camera tech in India
New Delhi, Aug 13 (IANS) Chinese smartphone major Huawei's sub-brand Honor is set to refresh its mid-range X series in India soon and the company will introduce a new camera technology with the new iteration, Charles Peng, President, Honor India, said on Tuesday.
2019-08-13
Category: India, Delhi,Business/Economy,Technology
India's July retail inflation inches-lower to 3.15%
New Delhi, Aug 13 (IANS) India's retail inflation inched lower to 3.15 per cent in July from 3.18 per cent in June and 4.17 per cent in the corresponding month of the previous year.
2019-08-13
Category: India, Delhi,Business/Economy
Howrah protest linked to rate card, not religion: Zomato CEO
New Delhi, Aug 13 (IANS) After some delivery riders in West Bengal's Howrah went on a strike alleging they were made to deliver beef and pork dishes against their will, Zomato CEO Deepinder Goyal in a letter to his employees said that the protest was linked to a recent "rate card correction", not food or religion.
2019-08-13
Category: India, Delhi,Business/Economy,Technology
CCL to invest $20 mn on Vietnam plant, India packing facility
Hyderabad, Aug 13 (IANS) Continental Coffee Limited (CCL Products) plans to invest $20 million to expand capacity of its Vietnam plant and set up an agglomeration and packing facility in India during the current financial year.
2019-08-13
Category: India, Andhra Pradesh,Business/Economy
Urban India to be 100% Open Defecation Free by Oct 2: Puri
New Delhi, Aug 13 (IANS) Urban India will be totally Open Defecation Free by October 2, 2019, exactly five years after Prime Minister Narendra Modi launched the Swachh Bharat campaign, Minister of State Hardeep Singh Puri said on Tuesday.
2019-08-13
Category: India, Delhi,National,Business/Economy
Sensex tanks 623 pts despite RIL's 10% surge
Mumbai, Aug 13 (IANS) Indian markets on Tuesday sharply declined in line with sell-off in global markets after massive protests in Hong-Kong, heightened trade-tension between US and China and weakening of the Indian Rupee.
2019-08-13
Category: India, Maharashtra,Business/Economy