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Headline
CBI books GVK Group Chairman, son; MIAL denies any wrongdoing (2nd Lead)
Mumbai, July 2 (IANS) Four days after registering a case against GVK Group of Companies Chairman Gunupati Venkata Krishna Reddy and his son and Mumbai International Airport Ltd Managing Director G.V. Sanjay Reddy among others for alleged irregularities to the tune of Rs 705 crore in the running of the airport, the CBI carried out searches at several locations in Mumbai and Hyderabad, sources said on Thursday.
2020-07-02
Category: India, Maharashtra,Business/Economy,Crime/Disaster/Accident
Motherson Sumi Systems approves 'Group Reorganisation Plan'
New Delhi, July 2 (IANS) Specialised automotive component manufacturer Motherson Sumi Systems' Board on Thursday approved a group reorganisation plan.
2020-07-02
Category: India, Delhi,Business/Economy
BSE's yoyo swing: From 42K to 25K to 35K in less than 6 months
New Delhi, July 2 (IANS) The BSE Sensex is on a roller-coaster ride as it went from a high in January to a low in March and continuing the pattern, has gained almost 11,000 points in 66 sessions.
2020-07-02
Category: India, Delhi,Business/Economy
IndiGo offers 25% discount to docs, nurses fighting Covid
New Delhi, July 2 (IANS) Airline major IndiGo will provide up to 25 per cent 'Tough Cookie' discount on airfares to nurses and doctors who have served in these challenging times.
2020-07-02
Category: India, Delhi,Business/Economy
Unable to comment on rumours about deal with Future Group: RIL
New Delhi, July 2 (IANS) Reliance Industries Limited (RIL) has clarified that it is unable to comment on speculation and rumours on a deal to acquire the retail businesses of Future Group.
2020-07-02
Category: India, Delhi,Business/Economy
Malls' operating income could decline 45-60%: ICRA Research
New Delhi, July 2 (IANS) Malls' operating income is expected to decline by 45-60 per cent in FY2021, ICRA Research said on Thursday.
2020-07-02
Category: India, Delhi,Business/Economy
Tesla delivers over 90K vehicles in Q2 2020, stock up 9%
San Francisco, July 2 (IANS) Tesla stocks were up 9 per cent on Thursday after the electric car maker posted stronger-than-expected quarterly deliveries.
2020-07-02
Category: International, Costa Rica,Business/Economy,Technology
Railways runs record 2.8-km-long 'Shesh Naag' freight train
New Delhi, July 2 (IANS) Days after the Indian Railways created history by joining three trains carrying more than 1,500 tonnes in an 'Anaconda' formation, the Indian Railways on Thursday broke its own record by operating 'Shesh Naag', a 2.8-km-long freight train amalgamating four empty BOXN rakes.
2020-07-02
Category: India, Delhi,Business/Economy
Bharti Airtel's Ajai Puri appointed COAI Chairman
New Delhi, July 2 (IANS) The Cellular Operators Association of India (COAI) on Thursday announced the appointment of Ajai Puri, Chief Operating Officer (India and South Asia), Bharti Airtel as its Chairman for the year 2020-21.
2020-07-02
Category: India, Delhi,Business/Economy
Foreign investors face curbs and lawless regime in China
New Delhi, July 2 (IANS) China may be crying foul as some of its companies are being shut out of bids in other countries, but it has been for long following discriminatory policies against foreign investors.
2020-07-02
Category: India, Delhi,Business/Economy
Vedanta to be excluded from Nifty50 due to delisting
Mumbai, July 2 (IANS) Bellwether stock index NSE Nifty50 will exclude natural resources major Vedanta from July 31.
2020-07-02
Category: India, Maharashtra,Business/Economy
OnePlus enters affordable TV segment with 2 new series in India
New Delhi, July 2 (IANS) Chinese tech brand OnePlus on Thursday entered the affordable TV segment with the launch of two new series, U Series and Y Series, in India at a starting price of Rs 12,999.
2020-07-02
Category: India, Delhi,Business/Economy,Technology
Global cues push equity markets higher, auto, IT stocks rise (Roundup)
Mumbai, July 2 (IANS) Buoyant global cues along with initial signs of an economic turnaround pushed the key Indian equity indices higher on Thursday.
2020-07-02
Category: India, Maharashtra,Business/Economy
'Crunched' Maha Power Ministry seeks Rs 10K cr central grant
Mumbai, July 2 (IANS) Faced with a cash crunch, a debt burden of Rs 38,282 crore and falling revenues in view of Covid-19 pandemic, the Maharashtra Power Department on Thursday sought a grant of Rs 10,000 crore to tide over the immediate crisis.
2020-07-02
Category: India, Maharashtra,Business/Economy
Likee, Bigo Live suspend services, TikTok says no legal action
New Delhi, July 2 (IANS) Short-video platform Likee on Thursday said it has temporarily pulled off the app from Google Play and Apple App Stores and has suspended its service in India.
2020-07-02
Category: India, Delhi,Business/Economy,Technology,Defence/Security,Immigration/Law/Rights
SpiceJet brings back 30K Indians on 200 charter flights
New Delhi, July 2 (IANS) Airline major SpiceJet has operated 200 charter flights since May till now to fly 30,000 Indian nationals back home.
2020-07-02
Category: India, Delhi,Business/Economy
NPCI to build Rs 500 crore smart data centre in Hyderabad
Hyderabad, July 2 (IANS) The National Payment Corporation of India (NPCI), the umbrella organization for operating retail payments and settlement systems in the country, will develop its smart data centre in Hyderabad at an investment of Rs 500 crore.
2020-07-02
Category: India, Andhra Pradesh,Business/Economy,Technology
NPPA plans price control on critical Covid-19 medical equipment
New Delhi, July 2 (IANS) In order to keep a check on the price rise of critical medical equipment during Covid-19 pandemic, the National Pharmaceutical Pricing Authority (NPPA) has asked all manufacturers and importers of pulse oximeters and oxygen concentrators to immediately provide price-related data so that necessary verification could be done.
2020-07-02
Category: India, Delhi,National,Business/Economy,Health/Medicine
UKIBC appoints Jayant Krishna as group CEO
New Delhi, July 2 (IANS) The UK India Business Council has appointed Jayant Krishna as its new Group Chief Executive Officer, effective from August 3, 2020.
2020-07-02
Category: India, Delhi,Business/Economy
Coal miners' strike hits production in Telangana's Singareni
Hyderabad, July 2 (IANS) Coal production in Telangana's Singareni Collieries Company Ltd (SCCL) came to a halt on Thursday as miners began a three-day strike called by various unions to protest against the Centre's decision to privatise the mines.
2020-07-02
Category: India, Andhra Pradesh,National,Business/Economy,Politics
Delete 'Chinese spyware' TikTok now: Anonymous hacker group
New Delhi, July 2 (IANS) The popular Hacker group Anonymous has mounted a fierce campaign on the social media platforms to ban TikTok globally, saying its a malware from the Chinese government that is spying on its millions of users.
2020-07-02
Category: India, Delhi,Business/Economy,Technology,Human Interest/Society,Defence/Security,Immigration/Law/Rights
Qatar Airways starts to reinstate 18 more destinations till July 15
New Delhi, July 2 (IANS) Doha-based Qatar Airways has started to reinstate 18 more destinations worldwide from July 1-15.
2020-07-02
Category: India, Delhi,Business/Economy
NHAI to set up InvIT for investment in highway sector
New Delhi, July 2 (IANS) With an aim to facilitate investment in the highway sector, National Highway Authority of India (NHAI) is in the process of setting up an Infrastructure Investment Trust (InvIT).
2020-07-02
Category: India, Delhi,Business/Economy
Bank resolution framework changes credit positive: Moody's
New Delhi, July 2 (IANS) Amendments to India's bank resolution framework are credit positive, according to Moody's Investors Service.
2020-07-02
Category: India, Delhi,National,Business/Economy
SC's action may clear way for electricity futures in India
New Delhi, July 2 (IANS) After years of delays, India may soon open a derivatives market for the power sector allowing both power generators and consumers to enter into futures contracts and use it as a new hedging tool to mitigate price volatility and other associated risks.
2020-07-02
Category: India, Delhi,Business/Economy
Warehousing demand grew 44% in 3 years: Knight Frank
New Delhi, July 2 (IANS) Warehousing demand has seen strong growth in the last few years and has recorded a significant 44 per cent CAGR since 2017, mostly after introduction of the goods and services tax (GST), according to a report by Knight Frank.
2020-07-02
Category: India, Delhi,National,Business/Economy
Software provider Amdocs to lay off 1,000 employees: Report
New Delhi, July 2 (IANS) US-based software and communications service provider Amdocs is laying off around 1,000 employees amid uncertainties surrounding the financial recovery owing to the ongoing Covid-19 pandemic, the media reported on Thursday.
2020-07-02
Category: India, Delhi,Business/Economy,Technology
Nokia phone maker acquires cybersecurity firm Valona Labs
Helsinki, July 2 (IANS) HMD Global, the home of Nokia phones, on Thursday announced it has acquired assets of mobile, enterprise and cybersecurity software firm Valona Labs for an undisclosed amount.
2020-07-02
Category: International, Finland,Business/Economy,Technology,Defence/Security
Cybersecurity top priority for Indian CIOs post Covid-19: Adobe
New Delhi, July 2 (IANS) As hacking threats increase from nation-state bad actors from China and North Korea, a staggering 89 per cent of CIOs in India say that cybersecurity remains to top investment area for them, a new Adobe survey revealed on Thursday.
2020-07-02
Category: India, Delhi,Business/Economy,Technology
Global cues push equity markets higher; financials rise
Mumbai, July 2 (IANS) Following Asian peers, the key indices of the Indian equity market made a gap-up opening and sustained their upward trajectory during the opening session on Thursday.
2020-07-02
Category: India, Maharashtra,Business/Economy
Microsoft OneDrive gets 100GB file upload limit, Dark Mode
New Delhi, July 2 (IANS) Microsoft has announced new OneDrive features across Microsoft 365 for a more connected and flexible files experience to business users, more control to admins, and a more personal touch to users at home.
2020-07-02
Category: India, Delhi,Business/Economy,Technology
Global cues push equity markets higher
Mumbai, July 2 (IANS) Following Asian peers, the key indices of the Indian equity market made gains during the opening session of the day's trade on Thursday.
2020-07-02
Category: India, Maharashtra,Business/Economy
US stocks end mixed amid economic data
New York, July 2 (IANS) US equities finished mixed as investors digested a slew of economic data.
2020-07-02
Category: International, United States,Business/Economy
June auto sales show sequential uptrend (Roundup)
New Delhi, July 1 (IANS) India's major automobile players reported a sequential uptrend in June, as the rate of sales de-growth decelerated.
2020-07-01
Category: India, Delhi,Business/Economy
Aditya Ghosh joins Fabindia board of directors
New Delhi, July 1 (IANS) Retail brand Fabindia on Wednesday announced the appointment of former IndiGo President Aditya Ghosh as a member on the company's board of directors.
2020-07-01
Category: India, Delhi,Business/Economy
Fintech firm Zeta expands operations in Vietnam, Philippines
New Delhi, July 1 (IANS) Bangaluru-based fintech company Zeta on Wednesday announced it has expanded operations in the Philippines and Vietnam.
2020-07-01
Category: India, Delhi,Business/Economy
Mahindra's June overall auto sales down 55%
Mumbai, July 1 (IANS) Automobile manufacturer Mahindra & Mahindra on Wednesday reported a decline of 55 per cent in its total vehicle sales in June 2020.
2020-07-01
Category: India, Maharashtra,Business/Economy
India's banking sector expected to face capital shortfalls: Fitch
Mumbai/Singapore, July 1 (IANS) Ratings agency Fitch Ratings on Wednesday said that India's banking sector is expected to face capital shortfalls due to coronavirus pandemic-related disruption.
2020-07-01
Category: India, Maharashtra,Business/Economy
Stamp duty on MFs to reduce portfolio churn by investors
New Delhi, July 1 (IANS) The imposition of stamp duty on mutual funds will impact in case of churning the portfolio and will encourage the investors to stay invested for a longer duration.
2020-07-01
Category: India, Delhi,Business/Economy
FM stresses on role of tax admin for 'Aatma Nirbhar Bharat'
New Delhi, July 1 (IANS) Finance Minister Nirmala Sitharaman on Wednesday said that the GST administration will have a major role to play in the objective of 'Aatma Nirbhar Bharat' or self-reliant India and it must foresee the challenges faced by Indian companies to help them compete globally.
2020-07-01
Category: India, Delhi,Business/Economy
Honda's June retail sales jump 156%
New Delhi, July 1 (IANS) Two-wheeler major Honda Motorcycle & Scooter India on Wednesday reported a sequential increase of 156 per cent in retail sales for June.
2020-07-01
Category: India, Delhi,Business/Economy
BSNL's 4G upgradate tender cancelled, DoT to issue to fresh one
New Delhi, July 1 (IANS) In yet another move to keep Chinese technologies companies at bay, the Centre has cancelled the 4G upgradation tender for BSNL as it has decided to come up with fresh specifications for the upgrade process, sources said.
2020-07-01
Category: India, Delhi,Business/Economy
Tata Motors' Q1FY21 total sales at just over 25K units
Mumbai, July 1 (IANS) Automobile major Tata Motors on Wednesday reported a downfall in total sales for Q1FY21.
2020-07-01
Category: India, Maharashtra,Business/Economy
Apple blocks updates on thousands of iPhone games on China App Store
San Francisco, July 1 (IANS) Apple has reportedly stopped updating thousands of mobile games on the China App Store under the pressure from the Chinese government to comply with the law of the land, the media reported on Wednesday.
2020-07-01
Category: International, Costa Rica,Business/Economy,Technology
SEBI extends compliance relaxations for REITs, InvITs
Mumbai, July 1 (IANS) The Securities and Exchange Board of India (SEBI) on Wednesday extended the deadline for regulatory filing and compliances for investment vehicles - REITs and InvITs -- for the period ended March 31, 2020 by another month over and above the extension given in March.
2020-07-01
Category: India, Maharashtra,Business/Economy
WhatsApp introduces animated stickers, QR codes globally
New Delhi, July 1 (IANS) WhatsApp on Wednesday introduced animated stickers, QR codes and improvements to group video calls for its more than 2 billion users globally.
2020-07-01
Category: India, Delhi,Business/Economy,Technology
GSTN launches SMS facility for Nil filing of GSTR-1
New Delhi, July 1 (IANS) Goods and Services Tax Network (GSTN), the technology backbone of GST system, on Wednesday launched the facility of NIL filing of GSTR-1 through SMSes.
2020-07-01
Category: India, Delhi,Business/Economy
15% VAT hike comes into effect in Saudi
Riyadh, July 1 (IANS) Saudi Arabias decision to raise the value-added tax (VAT) rate to 15 per cent came into effect on Wednesday on all goods and services subject to it in markets across the Kingdom, after a royal decree was issued on May 11, state-media reported.
2020-07-01
Category: International, Saudi Arabia,Business/Economy,Politics
Hyundai Motor India clocks June sales at 26,820 units
New Delhi, July 1 (IANS) Automobile major Hyundai Motor India On Wednesday reported cumulative sales of 26,820 units during June 2020.
2020-07-01
Category: India, Delhi,Business/Economy
Marginal hike in price of non-subsidized LPG cylinder (Ld)
New Delhi, July 1 (IANS) The price of non-subsidized LPG (Liquefied Petroleum Gas) cylinders has been marginally increased with effect from Wednesday.
2020-07-01
Category: India, Delhi,National,Business/Economy