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Business / The New Indian Express

Industrialist Gautam Thapar in CBI net in Rs 2,435 crore bank fraud case

The CBI on Thursday conducted raids at the premises of the accused and his company offices at Mumbai, Delhi and Gurugram.

24 Jun 2021 6:00 pm
Most people keen to travel this year post unlock: Joint survey byThomas Cook India and SOTC

The survey was conducted this month by the two companies and covered 4,000 customers across India #39;s tier-I to III towns, including top-8 metro cities.

24 Jun 2021 5:04 pm
It's official! Reliance to go green, will bet Rs 75000 crore on new energy

According to Ambani, Reliance will spend Rs 75,000 crore on the new energy business over three years and has already begun work on building a 5,000-acre hub in Jamnagar, Gujarat.

24 Jun 2021 5:02 pm
Mastercard appoints Nikhil Sahni as Country Corporate Officer in India

Sahni replaces Porush Singh, who will be relocating to Singapore and will assume a new role within the company, Mastercard said in a statement.

24 Jun 2021 4:54 pm
BMW launches updated version of5 Series sedan in India at Rs 62.9 lakh

The new version of BMW 5 Series comes with various updates like remote-control parking, head-up display, reversing assistant, parking assistant and gesture control, among others.

24 Jun 2021 4:32 pm
200 insolvency applications filed since suspension of fresh proceedings ended in March

The corporate affairs ministry had suspended Sections 7, 9 and 10 under the IBC to provide relief for companies hit by the pandemic.

24 Jun 2021 4:28 pm
WhatsApp, NSDC launch initiative for skill development, entrepreneurship opportunities for youth

The partnership identifies two broad areas of collaboration - WhatsApp Digital Skills Academy, and Pradhan Mantri Kaushal Kendra (PMKK) and WhatsApp Business App Training sessions.

24 Jun 2021 4:26 pm
States' revenues set to cross pre-pandemic level this fiscal: Report

The key revenue components of the states are central taxes (25 percent), state GST (21 percent,) central grants (17 percent), sales tax from petrol and alcohol (13 percent).

24 Jun 2021 4:21 pm
Google and Reliance Jio launch world's cheapest smartphone, to go on sale on September 10

The launch of the phone interestingly comes at a time when Indians seem to be less interested in cheaper smartphones.

24 Jun 2021 3:52 pm
Royal Enfield commits Rs 20 crore aid to support COVID relief activities

Royal Enfield has also made a contribution of Rs 2 crore to the Tamil Nadu Chief Minister #39;s Public Relief Fund.

24 Jun 2021 3:05 pm
Herbalife Nutrition pledges over USD 1 million for COVID-19 relief measures in India

The company has worked with more than ten states since April 2020, to provide critical COVID aid in the form of ICU ventilators, oxygen concentrators and PPE kits, Herbalife Nutrition said in a statem

24 Jun 2021 2:09 pm
Petrol nears Rs 99 per litre-mark in Chennai after fuel rates see another hike

International oil prices have firmed up in recent weeks in anticipation of demand recovery following the rollout of vaccination programmes by various countries.

24 Jun 2021 12:58 pm
Fitch Ratingsupgrades Reliance Industries' rating a notch above India's sovereign rating

The firm has cut its foreign-currency borrowings outside India by 36 per cent following pre-payments of USD 7.8 billion in the financial year ending March 2021.

24 Jun 2021 12:54 pm
Jewellers can now repay part of gold loan in physical form

One of the conditions is that the Gold (Metal) Loans has been extended out of locally sourced or GMS-linked gold.

24 Jun 2021 12:33 pm
PayTMextends deadline for shareholders to submit documents for share sale to June 30

One 97 Communications, which operates services under the PayTM brand name, is planning an initial public offering of its equity shares which is contemplated to include a fresh issue of equity shares.

24 Jun 2021 12:21 pm
S&PGlobal Ratings cuts India's FY 2021-22 growth forecast to 9.5 per cent

S amp;P said that households are running down saving buffers to support consumption and a desire to rebuild saving could hold back spending even as the economy reopens.

24 Jun 2021 12:15 pm
Customer retention challenging for housing finance firms: HDFC chairman Deepak Parekh

Equally, given the risks around climate change and abrupt weather patterns, home insurance becomes a key risk mitigant.

24 Jun 2021 12:08 pm
GuenterButschek to step down as Tata Motors CEO; Girish Wagh elevated as executive director

The auto major also said it has elevated Girish Wagh, who currently heads the company #39;s commercial vehicle operations, as executive director with effect from July 1, 2021.

24 Jun 2021 11:22 am
Indian telecom standard body TSDSI submits 6G vision to UN body ITURadiocommunication

Telecommunications Standards Development Society, India in its submission said it should be a technology that aids the development of a ubiquitous intelligent mobile connected society.

24 Jun 2021 11:18 am
Vistara announces 48-hour sale fortravel period of August 1-October 12

During April and May, India and its aviation sector had been badly hit by the coronavirus infection #39;s second wave, which is receding currently.

24 Jun 2021 11:00 am
Sensex jumps over 200 points to cross 52500-markin early trade; Nifty tests 15,750

TCS was the top gainer in the Sensex pack, rising over 1 per cent, followed by Tata Steel, L amp;T, Infosys, UltraTech Cement, ICICI Bank, SBI and Axis Bank.

24 Jun 2021 10:40 am
Sales events, investments help brands grow

Nagaram said that the US retail behemoth Walmart, which backs Flipkart and Myntra, is bullish on India rsquo;s fashion retail segment and will continue investments across the sector.

24 Jun 2021 10:26 am
ADAG stocks surge, but analysts advise caution

Reliance Power, for instance, has surged 120 per cent in the last one month and a staggering 360 per cent in the last year.

24 Jun 2021 10:25 am
Heineken takes over control of United Breweries

The share sale also marks the first instance of banks making a significant recovery in the Kingfisher-Vijay Mallya case since the loans turned NPA, or into bad assets, in late 2012.

24 Jun 2021 10:24 am
Oyo no longera start-up, has assets: FHRAI

The FHRAI had sought permission for its submissions to be heard, claiming that Oyo owes its hotelier members Rs 225 crore for violation of various agreements.

24 Jun 2021 10:23 am
Govt intends to divest stake in IDBI Bankbefore January 2022

The government is planning to complete the divestment process for IDBI Bank before January 2022.

24 Jun 2021 10:22 am
Retail payment channels see rise in June transactions signalling recovery

The current trend of spending points towards a higher level that during all the months of 2020-21, except March, which is a seasonally strong month.

24 Jun 2021 10:20 am
Second wave pushes housing sales down 58% in April-June

The MMR and Pune led the residential market during the period under review, with a 46 per cent share of total sales.

24 Jun 2021 10:05 am
Suraksha Realty wins bid for Jaypee Infratech by a close margin

While the Suraksha-Lakshdeep consortium received 98.66% of votes, NBCC got 98.54%

24 Jun 2021 10:04 am
Employees' well-being: Various organisations set their top agenda for COVID-19

To ease the burden of the health-and-economic crisis brought upon by the pandemic on their employees, several companies have come forward with initiatives for their workforce.

24 Jun 2021 7:55 am
Government eases norms for voice BPOs; allows seamless connectivity, removes restrictions

Simply put, other service providers (OSPs) are entities providing application services, IT-enabled services, call centre services or any kind of outsourcing services using telecom resources.

23 Jun 2021 9:26 pm
India's very own Jamsetji Tata world's most generous individual of thelast century: Hurun report

Today #39;s billionaires, Hoogewerf says, are not keeping up with philanthropy, making money much faster than they are giving it away.

23 Jun 2021 6:23 pm
Second Covid wave hit housing salestoo, demand falls by 58% in second quarter of 2021

Hyderabad is the frontrunner in overall housing launches with approximately 8,850 units launched in Q2 2021 - followed by Mumbai Metropolitan Region with 6,880 and Bengaluru with 6,690 units.

23 Jun 2021 5:25 pm
Rupee snaps 2-day losing streak, closes up by 10 paise at 74.27 vs USD

The dollar index, which gauges the greenback #39;s strength against a basket of six currencies, dipped 0.01 per cent to 91.74.

23 Jun 2021 4:41 pm
Heineken acquires 14.98%more stake in UBL; shareholding now at 61.5%

The move comes a day after markets regulator Sebi had exempted Heineken International B.V. from the obligation of making an open offer following its proposed acquisition of shares in UBL.

23 Jun 2021 4:07 pm
Cabinet approves pact between India, St Vincent and the Grenadines for tax info exchange

The agreement between India and St Vincent and the Grenadines, which is an island nation, will help in facilitating the exchange of information between the two countries.

23 Jun 2021 3:57 pm
HDFC Life announces Rs 2,180-cr bonus for participating insurance plan subscribers

The eligible participating policyholders will get a share of the surplus generated in the participating fund and their benefit amount will increase with declaration of bonuses every year.

23 Jun 2021 3:12 pm
Hiring executives facing challenges in completing background checks during lockdown

EY Forensic amp; Integrity Services had conducted a survey with over 115 senior HR executives from Indian and multinational corporations for the report.

23 Jun 2021 3:10 pm
Housing sales in April-June may rise 93 pc compared to year-ago period

Sales of residential properties stood at 12,740 units in April-June 2020 and 58,290 units in March quarter 2021.

23 Jun 2021 2:40 pm
CCI probes Google for alleged unfair biz ways in smart TV operating systems market

The CCI order said that prima-facie mandatory pre-installation of all the Google applications under TADA amounts to imposition of unfair conditions on the smart TV device manufacturers.

23 Jun 2021 2:26 pm
Government, industry need to ensure regulations don't hamper investment:Power Secretary Alok Kumar

He was of the view that trade will benefit from common international standards for safely transporting and storing large volumes of hydrogen and having appropriate certificate of origin.

23 Jun 2021 1:08 pm
GDR manipulation: SEBI bars directors of Sterling Biotech from accessing securities market

The officials are facing debarment from the securities market in the periods ranging between 3 years to 5 years each.

23 Jun 2021 12:59 pm
Attached assets worth Rs 8442 crore of Mallya, Choksi and Nirav Moditransferred to PSU banks: ED

The ED has transferred shares attached by it (worth Rs 6,600 crore) to a State Bank of India-led consortium as per the order of the Prevention of Money Laundering Act Special Court, Mumbai.

23 Jun 2021 12:52 pm
Jet Airways shares gain five per cent, continue to fly highafterJalan Kalrock Consortiumbid

Two years after Jet Airways went bankrupt, the NCLT gave its nod to the Jalan Kalrock Consortium #39;s bid for the airline.

23 Jun 2021 12:50 pm
Moody'sInvestors slashes India's growth forecast for 2021 to 9.6 per cent from13.9 per cent

Moody #39;s said that the 10 states that have been hardest hit by the second wave collectively account for more than 60 per cent of the pre-pandemic level of India #39;s GDP.

23 Jun 2021 12:30 pm
Microsoft becomes second US firm to pass USD 2 trillion market capitalisation

Despite hitting USD 2 trillion in intraday trading on Tuesday, Microsoft #39;s valuation was about USD 300 million shy of the high-water mark by the time markets closed.

23 Jun 2021 12:25 pm
Jaypee Infratech shares decline nearly 5 per cent after earnings announcement

Total income fell to Rs 247.44 crore in the fourth quarter of 2020-21, from Rs 384.99 crore in the corresponding period of the previous year.

23 Jun 2021 12:00 pm
DRT sold shares worth over Rs 5,800 crore of United Breweries in bank fraud case against Mallya, says ED

Further realisation of Rs 800 crore by sale of shares is expected by June 25, the central probe agency said in a statement.

23 Jun 2021 11:58 am
Achieved 50 times faster speed than 5G in 6G technology research: Samsung

A senior official during the company #39;s presentation on new 5G transmission equipment, said it has achieved speed of 5.23 GBPS on 5G network.

23 Jun 2021 11:22 am
Odisha coal block to provide fuel security, strengthen aluminium operations: Vedanta

The coal block is an optimal fit for the company #39;s Jharsuguda smelter given its logistical location and annual capacity.

23 Jun 2021 11:12 am