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Business / India TV

Fact Check: Budweiser employee has been peeing into beer tanks for 12 years?

Beer lovers on Thursday woke up to a shocking news trending on Twitter that Budweiser employees peeing into beer tanks for the last 12 years. This news became viral after an online news portal published an article an employee named Walter Powell (name changed) claimed that he has been peeing inside the beer tanks for the last 12 years.

2 Jul 2020 4:36 pm
IndiGo to give 25 per cent discount on airfare to doctors and nurses till year-end

IndiGo said on Thursday it will give a 25 percent discount on the airfare to doctors and nurses till the end of 2020 as they are at the forefront of the battle against the coronavirus pandemic. The nurses and doctors will be required to provide valid hospital IDs at the time of check-in as a proof of their identity, the airline said in a press release.

2 Jul 2020 2:56 pm
Paytm to Flipkart: List of top Indian startups/companies funded by Chinese investors

India on Monday banned 59 apps Chinese Apps, including the hugely-popular TikTok and UC Browser, saying they were prejudicial to sovereignty, integrity and security of the country. The ban came in the backdrop of a standoff along the Line of Actual Control in Ladakh and the killing of 20 Indian Army personnel a clash with Chinese troops in the Galwan Valley. Apart from applications, Chinese investments are deep-rooted in the Indian economy in myriad sectors, including Indian startups and tech co

2 Jul 2020 2:48 pm
Moody's welcomes amendment to Bank resolution framework, says will boost depositor confidence

Moody's Investors Service on Thursday said the amendments to India''s bank resolution framework are credit positive as they will help preserve depositor confidence. On June 26 the government amended the Banking Regulation Act, 1948, allowing the Reserve Bank of India (RBI) to initiate the resolution of a weak bank by reconstructing its capital or merging it with another bank without the prior requirement of imposing a moratorium on its depositors or creditors.

2 Jul 2020 2:33 pm
Adani Electricity to install 7 lakh smart meters to enable real-time unit reading for consumers in Mumbai

Adani Electricity Mumbai Ltd (AEML) on Tuesday said it will soon install over seven lakh smart meters in the coming months to ensure real-time information to consumers on their electricity consumption. The company, which distributes power to around 30 lakh consumers from Bandra to Bhayandar and Kurla to Mankhurd, had come under criticism from its customers, including Bollywood celebrities for receiving inflated bills in June.

2 Jul 2020 10:38 am
Coronavirus fallout: Air France set to layoff 7,600 employees; will slash 40 pc workforce by 2022

Air France is set to cut nearly 7,600 posts due to the COVID-19 pandemic, the French government has confirmed, calling on the airline to make as few compulsory redundancies as possible. Local media reported that the flag carrier would slash its workforce by 40 per cent by 2022 as the pandemic has badly hit international travel. In detail, Air France planned 6,560 layoffs, including 430 pilots, 1,560 flight attendants and more than 4,500 ground staff. It would also cut 1,025 jobs at its domestic

2 Jul 2020 10:37 am
India's digital journey in past 5 years focused on empowerment and transformation: RS Prasad

Union Minister for Electronics & IT, CommunicationsRavi Shankar Prasadon Wednesday said that the India's digital journey has focused on empowerment, inclusion and digital transformation and its positive impact is being felt in all aspects of the lives of the citizens. Addressing a video conference marking celebration of 5 years journey of India's Digital India Programme, he stated that in the current pandemic scenario, thanks to JAM trinity (Jan Dhan, Aadhaar and Mobile), people are able to work

1 Jul 2020 8:29 pm
Railways begins process to invite private players in passenger train operations; invites RFQs

The Railways on Wednesday formally kickstarted its plans to allow private entities to operate passenger trains on its network by inviting request for qualifications (RFQ) for participation on 109 pairs of routes through 151 modern trains, the national transporter said.

1 Jul 2020 8:13 pm
Vodafone Idea shares decline over 4 per cent after FY20 earnings

Shares of Vodafone Idea on Wednesday plunged over 4 per cent after the company reported a staggering Rs 73,878 crore of net loss for the fiscal ended March 2020.

1 Jul 2020 6:51 pm
BSNL, MTNL 4G tenders cancelled after Telecom Ministry asks it not to use Chinese telecom gear

Bharat Sanchar Nigam Ltd's (BSNL) and and the Mahanagar Telecom Nagam Limited (MTNL) tender for 4G upgrade has been cancelled after the Department of Telecom (DoT) asked the state-run firms not to use Chinese telecom gear. A source privy to the development told news agnecy PTI that a new tender will be floated which will have emphasis on preference to Make in India.

1 Jul 2020 5:13 pm
GST investigation arm unearths Rs 40 crore tax evasion by pan masala/gutkha manufacturing unit

The GST investigation arm DGGI unearthed Rs 40 crore tax evasion by an unregistered pan masala/gutkha manufacturing unit in the national capital.

1 Jul 2020 3:45 pm
LPG Gas Rate: Non-subsidised LPG cylinder price hiked marginally. Check revised rates

The price of non-subsidized LPG (Liquefied Petroleum Gas) cylinders has been marginally increased with effect from Wednesday. In Delhi, non-subsidized LPG cylinders will be costlier by Re 1. According to the Indian Oil website, the price of a 14.2-kg non-subsidized gas cylinder in Delhi, Kolkata, Mumbai and Chennai has been increased from Rs 593 to Rs 594, from Rs 616 to Rs 620.50, from Rs 590.50 to Rs 594 and from Rs 606.50 to Rs 610.50, respectively, from July 1.

1 Jul 2020 3:42 pm
World Bank to give USD 750 million to support 15 crore viable MSMEs

The World Bank on Wednesday said it will give a USD 750 million-budget support to 15 crore MSMEs to increase liquidity access for viable small businesses impacted by COVID-19. During the 2020 fiscal (July 2019-June 2020), World Bank has extended USD 5.13 billion loans to India-- which is the highest in a decade. This includes USD 2.75 billion given in three months in response to the COVID-19 pandemic.

1 Jul 2020 2:10 pm
Maruti reports 54 per cent dip in June sales at 57,428 units

The country's largest carmaker Maruti Suzuki India on Wednesday reported a 54 per cent decline in total sales at 57,428 units in June. The company had sold 1,24,708 units in June last year, Maruti Suzuki India (MSI) said in a statement. Domestic sales declined by 53.7 per cent to 53,139 units last month, as against 1,14,861 units in June 2019, it added.

1 Jul 2020 12:27 pm
Patanjali conducting research on hypertension, asthama, other big diseases: Swami Ramdev

Swami Ramdev on Wednesday said that Patanjali has not just conducted clinicallycontrolled trials on COVID-19 but is also conducting research on over 10 other serious, big diseases. Addressing a presser, yoga guru Ramdev added that Patanjali has already conducted3 levels of research includingIn silico, In vitro, In vivo stages.

1 Jul 2020 12:26 pm
ATF price hiked by 7.5 pc; petrol, diesel rates unchanged for 2nd straight day

Jet fuel or ATF price on Wednesday was hiked by 7.5 per cent, the third increase in a month, while petrol and diesel rates were unchanged for the second day in a row. Aviation turbine fuel (ATF) price was hiked by Rs 2,922.94 per kilolitre (kl), or 7.48 per cent, to Rs 41,992.81 per kl in the national capital, according to a price notification by state-owned oil marketing companies.

1 Jul 2020 10:39 am
BharatPe launches BharatX to 'incubate radical ideas'

BharatPe, a merchant payment and lending network company, has announced the launch of BharatX which will come up with technology-driven solutions for tomorrow's problems. It plans to build the next generation fintech solution to bring financial inclusion to over 60 million small and medium-sized businesses in India.

30 Jun 2020 9:25 pm
Rs 50 cr investment, over 2,100 jobs expected in fresh Yamuna Expressway land allotments

Five garment manufacturing units and three private firms were allotted land along the Yamuna Expressway in Gautam Buddh Nagar on Tuesday, in a move likely to fetch investments worth Rs 50 crore and create 2,000 jobs in the region, officials said.

30 Jun 2020 7:19 pm
Big relief for taxpayers: Govt exempts properties in Delhi's unauthorised colonies from income tax

In a big tax relief for Delhi's unauthorised colonies that were regularised last year, the government has exempted owners from income tax even if they had purchased land or house at rates below the prevailing market price. The government had last year legalised unauthorised colonies in the national capital, giving house owners legal property rights.

30 Jun 2020 6:43 pm
ONGC reports first-ever quarterly loss of Rs 3,098 crore

State-owned Oil and Natural Gas Corp (ONGC) on Tuesday reported its first-ever quarterly loss after it took an impairment on the slump in oil and gas prices. India's top oil and gas producer reported a Rs 3,098 crore loss in the January-March quarter as compared to a profit of Rs 4,240 crore in the same period a year back.

30 Jun 2020 6:26 pm
Rupee gains 7 paise to 75.51 against dollar on weak crude oil

The rupee on Tuesday appreciated by 7 paise to 75.51 against the US dollar on softening crude oil prices and early gains in domestic equity market. Forex traders said the rupee traded in a narrow range as positive domestic equities supported the local unit, while foreign fund outflows and concerns over rising COVID-19 cases weighed on investor sentiment.

30 Jun 2020 6:05 pm
Gold Price Today: Gold jumps Rs 119; silver zooms Rs 1,408

Gold in the national capital jumped Rs 119 to Rs 49,306 per 10 gram on Tuesday following rise in international prices of the precious metal, according to HDFC Securities. In the previous trade, gold prices had closed at Rs 49,187 per 10 gram.

30 Jun 2020 5:29 pm
Vistara announces 5-20 per cent pay cut for 40 per cent employees till December

Vistara on Tuesday announced a pay cut between five to 20 per cent till December this year for around 40 per cent of its employees as cash flow continues to be adversely affected due to the coronavirus pandemic. The full-service carrier has more than 4,000 employees on its payroll.

30 Jun 2020 4:24 pm
Sensex, Nifty pare early gains, end marginally lower

Equity benchmark Sensex surrendered all its early gains to end 46 points lower on Tuesday as investors turned cautious ahead of Prime Minister Narendra Modi's address to the nation. After jumping 272.39 points during the day, the 30-share index turned negative and settled 45.72 points, or 0.13 per cent, down at 34,915.80; while the NSE Nifty slipped 10.30 points, or 0.10 per cent, to 10,302.10.

30 Jun 2020 4:10 pm
Paytm boss Vijay Shekhar says ban on 59 Chinese apps 'bold step in national interest'

Paytm founder Vijay Shekhar Sharma has made a statement on India banning 59 Chinese apps including popular ones like TikTok, UC Brower, WeChat, Shareit, others saying the move by the Government of India is in the national interest.

30 Jun 2020 2:40 pm
Attention Bank Customers! These banking services and rules will change from tomorrow. Details

Banking Services Rules Changes : From July 1, many banking services, norms are going to change. These changes are going to directly impact bank customers. In order to give people some relief due to COVID-19 pandemic, the government had relaxed some rules of financial services like transaction charges after exhausting free cash withdrawal limit on ATM, minimum account balance. These relaxations on banking services and rules will be tightened from July 1.

30 Jun 2020 2:09 pm
Fuel Price Today: Petrol, diesel prices go for pause after 22-day hike

In a big relief for the common man, the continuous rise in petrol and diesel prices came to a pause on Tuesday.Fuel prices across the metroshave gone for a haltafter rising on 22 of the past 24 days as oil marketing companies (OMC) kept the pump prices of petrol and diesel unchanged

30 Jun 2020 1:09 pm