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Headline
IHG plans mid-scale hotels in small cities to counter slowdown
New Delhi, Jan 23 (IANS) InterContinental Hotels Group (IHG) India is focusing on increasing the presence of its mid-level brands - Holiday Inn and Holiday Inn Express - to more cities to counter the overall slowdown being faced by the hospitality segment.
2020-01-23
Category: India, Delhi,Business/Economy
Fiscal deficit may be at 3.5% in FY21: Report
New Delhi, Jan 23 (IANS) The Union Budget 2020 could focus on spending toward railways, defence and toward reviving sentiment in the real estate sector but the exercise would be to keep the outlays lean so that fiscal deficit does not slip beyond 3.5 per cent of GDP, a report by broking house Emkay Financials said.
2020-01-23
Category: India, Delhi,Business/Economy
SHARP Corp expects major push in Indian market with PCI tech
New Delhi, Jan 23 (IANS) Japanese technology and appliances major SHARP Corporation expects a major push in India from the Plasmacluster Ion (PCI)technology featuring in its appliances, which enables them to identify and remove toxic air pollutants.
2020-01-23
Category: India, Delhi,Business/Economy
Cos to get extended tax withholding on ECB interest payout
New Delhi, Jan 23 (IANS) Indian companies seeking foreign debt may continue to see its cost of capital fall amidst a rise in overseas investor interest with government looking to extend a concessional 5 per cent withholding tax on these overseas papers.
2020-01-23
Category: India, Delhi,Business/Economy
Budget may offer production incentives for fabless chip cos
New Delhi, Jan 22 (IANS) The Union Budget 2020 may unveil a scheme on production linked benefits to attract hi-tech manufacturing in semiconductors, and microprocessors to India, apart from giving tax incentives to solar electric charging infrastructure, computers, and servers for its thrust in manufacturing of global products to reduce imports.
2020-01-22
Category: India, Delhi,Business/Economy
Sensex loses 208 points, Nifty ends at 12,106
Mumbai, Jan 22 (IANS) The Sensex fell for the third straight day on Wednesday as investors turned cautious ahead of the Union Budget. The bearish mood on Dalal Street was also on account of weaker-than-expected quarterly results.
2020-01-22
Category: India, Maharashtra,Business/Economy
IndiGo, SpiceJet, GoAir seek TDS relief for expat pilots
New Delhi, Jan 22 (IANS) Domestic carriers IndiGo, SpiceJet and GoAir have pitched for TDS (tax deducted at source) relief for expat pilots.
2020-01-22
Category: India, Delhi,Business/Economy
Samsung tops India refrigerator market with 33.9% share
New Delhi, Jan 22 (IANS) Samsung India on Wednesday said that it grabbed 33.9 per cent market share in the second half of 2019 (July-December period) to become the top refrigerator player in India and aims to secure 35 per cent market share in the first half of this year.
2020-01-22
Category: India, Delhi,Business/Economy,Technology
AGR dues: DoT to give separate deadline for non-telcos
New Delhi, Jan 22 (IANS) The Department of Telecom will issue a separate deadline for AGR dues payment to the non-telecom companies (mostly PSUs) since the Supreme Court mandated timeline does not apply to them, official sources said.
2020-01-22
Category: India, Delhi,Business/Economy
Danfoss to double headcount at its Pune technology centre
Chennai, Jan 22 (IANS) Danish company Danfoss A/S plans to double its headcount at its Indian software centre located in Pune, said a senior company official.
2020-01-22
Category: India, Tamil Nadu,Business/Economy
BSE to open for trade on Budget Day
Mumbai, Jan 22 (IANS) The BSE will be open for trading on February 1, on account of the Union Budget, even though it will be on a Saturday.
2020-01-22
Category: India, Maharashtra,Business/Economy
Denmark's Danfoss to source control valves from India
Chennai, Jan 22 (IANS) Danish company Danfoss A/S will be increasing its exports of power solutions products out of India by adding two control valve production at its Pune facility, said a senior official.
2020-01-22
Category: India, Tamil Nadu,Business/Economy
Slowdown to affect insurance sector in India: Moody's
New Delhi, Jan 21 (IANS) The slowing Indian economy will weigh on insurance premium growth over the next two-three years, Moody's Investor Service said on Tuesday but added that supportive measure taken by regulator IRDAI will help counterbalance the deteriorating economic environment.
2020-01-21
Category: India, Delhi,Business/Economy
Italy deplores oil pipeline blockades in Libya
Rome, Jan 21 (IANS/AKI) Italy's Premier Giuseppe Conte on Tuesday condemned the continued closure of virtually all of Libya's oil facilities by eastern Libyan forces, warning that the blockade could imperil the war-torn country.
2020-01-21
Category: International, Italy,Diplomacy,Business/Economy,Defence/Security
DoT nod to 100% FDI in Bharti Airtel
New Delhi, Jan 21 (IANS) The Department of Telecom (DoT) has approved Bharti Airtel's proposal to approve up to 100 per cent foreign direct investment (FDI) in Bharti Airtel from the 49 per cent allowed earlier .
2020-01-21
Category: India, Delhi,Business/Economy
Vehicle registrations down 15% in December: FADA
New Delhi, Jan 21 (IANS) Vehicle registrations in the country declined 15 per cent on a year-on-year basis to 16.06 lakh units after two months of positive growth, data from Federation of Automobile Dealers Associations (FADA) showed on Tuesday.
2020-01-21
Category: India, Delhi,Business/Economy
CBI books Frost Intl in Rs 4,000-cr fraud, raids 13 places
New Delhi, Jan 21 (IANS) The Central Bureau of Investigation on Tuesday carried out searches at various locations in Mumbai and Uttar Pradesh after filing a case against Frost International Ltd, a Mumbai-based company involved in merchant trading and import and export of various commodities, and its promoters on charges of cheating a consortium of banks worth Rs 4,061.95 crore in 2011.
2020-01-21
Category: India, Delhi,Business/Economy,Crime/Disaster/Accident
FinMin may push for Rs 30K cr interim dividend from RBI
New Delhi, Jan 21 (IANS) The Finance Ministry is likely to push for Rs 25,000-30,000 crore interim dividend from RBI, for the third time in a row, to check slippages in the fiscal deficit of 3.3 per cent in 2019-20.
2020-01-21
Category: India, Delhi,Business/Economy
Fitch: Supreme Court ruling negative for incumbent telcos
New Delhi, Jan 21 (IANS) Vodafone Idea Limited and Bharti Airtel Limited will be affected by the Supreme Court's rejection on January 17 of a review petition against its earlier ruling in a long-running telecom sector tax case, Fitch Ratings said on Tuesday.
2020-01-21
Category: India, Delhi,Business/Economy
Bharti AXA General gets IRDAI nod for regulatory Sandbox Project
New Delhi, Jan 21 (IANS) Leading private non-life insurer Bharti AXA General Insurance on Tuesday said it has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) for its two insurance proposals under the regulatory Sandbox project.
2020-01-21
Category: India, Delhi,Business/Economy
Telcos move SC seeking time to clear Rs 1.47 lakh cr dues
New Delhi, Jan 21 (IANS) The Supreme Court on Tuesday said a bench headed by Justice Arun Mishra will hear next week plea of telecom companies seeking a fresh schedule on the payment of dues nearly Rs 1.47 lakh crore to the Department of Telecommunications.
2020-01-21
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
Power generation to be termed manufacturing, pay 15% corp tax
New Delhi, Jan 20 (IANS) As part of efforts to incentivise the power sector and make its operations viable, the government is looking to extend the benefit of lower corporate tax to electricity generating units by qualifying their activity as manufacturing.
2020-01-20
Category: India, Delhi,National,Business/Economy,Politics
IMF cuts India's growth rate to 4.8%, calls it 'negative surprise'
United Nations, Jan 20 (IANS) Calling it one of the "negative surprises", the International Monetary Fund (IMF) on Monday sharply cut India's growth estimate for the current fiscal to 4.8 per cent, darkening the economic picture from the rosy 7.5 per cent made this time last year.
2020-01-20
Category: International, United States,Business/Economy
Index-heavyweights drag markets; Sensex, Nifty lose 1%
Mumbai, Jan 20 (IANS) Sensex and Nifty closed nearly 1 per cent lower on Monday owing to the sell-off in index-heavyweights like Reliance Industries, Kotak Mahindra Bank, HDFC Bank and TCS over their weaker than expected quarterly results.
2020-01-20
Category: India, Maharashtra,Business/Economy
Proposal to cut duty-free liquor quota may hit Adani, Zurich too
New Delhi, Jan 20 (IANS) Commerce Ministry's proposal to cut the quota for purchasing liquor at duty-free shops to one bottle has left private airport operators in a tizzy.
2020-01-20
Category: India, Delhi,Business/Economy
DoT issues Rs 48.5K cr AGR dues for Oil India, PSU to appeal
New Delhi, Jan 20 (IANS) The Department of Telecom has raised a demand of Rs 48,457 crore as AGR (Adjusted Gross Revenue) dues from Oil India to be paid by January 23.
2020-01-20
Category: India, Delhi,Business/Economy
Thampi: A typical rags-to-riches story
Thiruvananthapuram, Jan 20 (IANS) Starting off by doing odd jobs after moving to the Middle East in the 1980s, arrested NRI businessman C.C. Thampi's story is a typical rags-to-riches one.
2020-01-20
Category: India, Kerala,National,Crime/Disaster/Accident,Diaspora,Business/Economy,Politics
Amazon India to ply 10,000 electric delivery vehicles by 2025
Bengaluru, Jan 20 (IANS) E-commerce giant Amazon India will deploy 10,000 electric vehicles (EVs) in its delivery fleet by 2025, the company said on Monday.
2020-01-20
Category: India, Karnataka,Business/Economy
Airtel, Google to boost productivity, digital transformation in India
New Delhi, Jan 20 (IANS) Bharti Airtel and Google Cloud on Monday collaborated to boost productivity and digital transformation in India and cater to the evolving needs of millions of Indian businesses in a rapidly digitising economy.
2020-01-20
Category: India, Delhi,Business/Economy,Technology
Don't want law that look at businesses with suspicion: FM
Chennai, Jan 19 (IANS) Union Finance Minister Nirmala Sitharaman on Sunday said the government is moving towards a direction where the law does not look at business enterprises with suspicion.
2020-01-19
Category: India, Tamil Nadu,Business/Economy,Politics
Cong links suicides to joblessness, flays govt
New Delhi, Jan 19 (IANS) Criticising the Narendra Modi government over low economic growth, the Congress here on Sunday quoted the National Crime Records Bureau (NCRB) data to claim that 26,085 deaths in 2018 were attributed to unemployment or related issues.
2020-01-19
Category: India, Delhi,Business/Economy,Crime/Disaster/Accident,Politics
Climate change-induced risks biggest threat: WEF
New Delhi, Jan 19 (IANS) For the first time in the 15 years of the Global Risks Report, the climate change and environment risk has occupied all the top five slots.
2020-01-19
Category: India, Delhi,National,Business/Economy,Environment/Wildlife,Politics
Prestige Falcon acquires 50% stake in Lokhandwala DB Realty
Mumbai, Jan 19 (IANS) Bengaluru-based realty firm Prestige Estate Projects on Sunday said that its subsidiary, Prestige Falcon Realty Ventures has acquired a 50 per cent stake in Lokhandwala DB Realty.
2020-01-19
Category: India, Maharashtra,Business/Economy
Tourist arrivals on the rise: Minister
New Delhi, Jan 19 (IANS) Tourist arrivals increased in 2019 despite ruckus over abrogation of Article 370 in Jammu & Kashmir, the Supreme Court's decision on Ram temple and the recently passed Citizenship Amendment Act (CAA).
2020-01-19
Category: India, Delhi,National,Business/Economy
Commerce Ministry recommends only one bottle of duty-free alcohol
New Delhi, Jan 19 (IANS) In bad news for some foreign travellers, the Commerce Ministry has proposed restricting purchase of liquor at duty-free shops to one bottle.
2020-01-19
Category: India, Delhi,Business/Economy,Politics
Oil min to take Cabinet approval on gas sector reforms
New Delhi, Jan 19 (IANS) The government has decided against giving the power sector priority access to cheaper domestic gas. The petroleum ministry is finalising a note for the Cabinet on gas sector reforms which among other things proposes to restrict allocation of limited domestic gas for fertiliser, city gas distribution (CGD) and production of LPG.
2020-01-19
Category: India, Delhi,Business/Economy
CPI MP urges govt to extend comment deadline on labour Codes
New Delhi, Jan 19 (IANS) Communist Party of India (CPI) MP in the Rajya Sabha Binoy Viswam has requested Union Labour Minister Santosh Gangwar to extend deadline of inviting suggestions from the public on "Industrial Relations Code, 2019" and "Code on Social Security, 2019" for a month.
2020-01-19
Category: India, Delhi,Business/Economy
MG does another Hector, closes ZS EV's bookings
New Delhi, Jan 19 (IANS) Barely a year after successfully launching SUV Hector and bucking the slowdown trend, the Chinese automobile major SAIC-backed MG Motor India has repeated the feat again, this time with its first electric offering ZS EV.
2020-01-19
Category: India, Delhi,Business/Economy
Airtel partners with Bharti AXA to offer prepaid with life insurance
New Delhi, Jan 19 (IANS) Bharti Airtel on Sunday announced its partnership with Bharti AXA Life Insurance to introduce its most affordable prepaid bundle with built in life insurance cover of Rs 2 lakh.
2020-01-19
Category: India, Delhi,Business/Economy
National Insurance Company board to meet on Monday
Chennai, Jan 19 (IANS) Kolkata-based public sector insurer National Insurance Company Limited has called for a meeting of its Board of Directors on Monday.
2020-01-19
Category: India, Tamil Nadu,Business/Economy
Petrol, diesel prices cut for 4th straight day
New Delhi, Jan 19 (IANS) Fuel prices continued downward spiral for the fourth consecutive day on Sunday. The price of petrol was cut by 17-19 paise and that of diesel by 16-18 paise across all major cities.
2020-01-19
Category: India, Delhi,Business/Economy
Biocon's Kiran Mazumdar-Shaw awarded 'Order of Australia'
Bengaluru, Jan 18 (IANS) Biopharmaceutical company Biocon on Saturday said that its Chairperson and Managing Director Kiran Mazumdar-Shaw has been awarded the -- 'Order of Australia' -- Australia's highest civilian honour.
2020-01-18
Category: India, Karnataka,Business/Economy
Many takers for Bengaluru-made aircraft restaurants
Bengaluru, Jan 18 (IANS) Royal Nag Aviation (RNA), a city-based life-size aircraft restaurant model making company, is finding many buyers from far and wide, a company official said on Saturday.
2020-01-18
Category: India, Karnataka,Business/Economy
India Inc rolls out red carpet for Bezos, BJP wants good stuff about India in WaPo
New Delhi, Jan 17 (IANS) After the Narendra Modi government cold-shouldered Amazon boss Jeff Bezos, the richest man in the world, India Inc rolled out the red carpet for him in the country's financial capital.
2020-01-17
Category: India, Delhi,Business/Economy,Media,Politics
India's forex reserves inch up by $58 mn
Mumbai, Jan 17 (IANS) India's foreign exchange reserves inched up during the week ended January 10. However, the marginal accretion in reserves pushed it to touch a new record high.
2020-01-17
Category: India, Maharashtra,Business/Economy
Record wheat production expected, acreage over 330 lakh hectares
New Delhi, Jan 17 (IANS) Wheat production in the country is expected to touch new heights as the acreage of wheat sowing has gone beyond 330 lakh hectares this Rabi season, coupled with favourable weather conditions.
2020-01-17
Category: India, Delhi,Business/Economy
RIL's Q3 net profit rises to Rs 11,640 crore (Roundup)
New Delhi, Jan 17 (IANS) Reliance Industries Ltd on Friday reported its highest-ever quarterly consolidated net profit of Rs 11,640 crore or $1.6 billion for the quarter ended December 31, 2019, rising by 13.5 per cent on a year-on-year basis.
2020-01-17
Category: India, Delhi,Business/Economy
Bhushan Steel: Court takes cognizance of ED's charge sheet
New Delhi, Jan 17 (IANS) The Enforcement Directorate on Friday filed a charge sheet in the money laundering case involving Bhushan Power and Steel Ltd CMD Sanjay Singal relating to an alleged bank loan fraud.
2020-01-17
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
TCS Q3 net profit flat at Rs 8,118 crore (2nd Lead)
Mumbai, Jan 17 (IANS) Global software major Tata Consultancy Services (TCS) on Friday reported a consolidated net profit of Rs 8,118 crore for the third quarter of fiscal 2019-20, registering a mere 0.16 per cent annual growth from Rs 8,105 crore net profit clocked in the same quarter of last year.
2020-01-17
Category: India, Maharashtra,Business/Economy,Technology
India Inc rolls out the red carpet for Bezos even as Modi govt shuns him
New Delhi, Jan 17 (IANS) After the Narendra Modi-led Central government cold-shouldered Amazon boss Jeff Bezos, the richest man in the world, India Inc rolled out the red carpet for him in the country's financial capital.
2020-01-17
Category: India, Delhi,Business/Economy