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Man buys private island worth Rs 47,366 crore after negotiating deal on WhatsApp

Man buys private island worth Rs 47,366 crore after negotiating deal on WhatsApp

Jul 16, 2020, 02:44 PM IST

An island worth Rs 4,73,66,55,00,000 ($6.3 billion) was purchased by a European man without even visiting the location once. As per reports, a 157-acre island southwest of Ireland was purchased after watching it on a video tour.

Leisure Hotels Group announces opening of all hotels & resorts across Uttarakhand, Himachal

Leisure Hotels Group announces opening of all hotels & resorts across Uttarakhand, Himachal

Jul 16, 2020, 01:22 PM IST

Leisure Hotels Group (LH), a prominent hospitality chain in Northern India with Twenty-Seven (27) Hotels across Uttarakhand, Himachal Pradesh, Uttar Pradesh, & Goa has announced the re-opening of all its Hotels, Resorts post lockdown.

Zydus Cadila

Zydus Cadila gets USFDA nod for manufacturing Doxycycline injection in Vadodara

Business | Jul 16, 2020, 01:21 PM IST

The company said the Jarod facility in Gujarat is an important one for Zydus' US injectable portfolio as five abbreviated new drug application (ANDAs) have been approved from this facility and another six have been filed, awaiting approval.

Google to pick 7.7 per cent stake in Jio for Rs 33,737 crore

Google to pick 7.7 per cent stake in Jio for Rs 33,737 crore

Business | Jul 15, 2020, 03:52 PM IST

Google will pick up 7.7 per cent stake in Reliance Industries' technology venture for Rs 33,737 crore, richest Indian Mukesh Ambani said on Wednesday.

RIL AGM 2020 LIVE Updates: Reliance Jio ready with 5G, can rollout by 2021, says Mukesh Ambani

Reliance Jio announces home-grown 5G solution, Google to Invest Rs 33,737 Cr in Jio for 7.7% Stake

Business | Jul 15, 2020, 11:18 PM IST

Mukesh Ambani rolled out a series of big-bang announcements, including Google’s investment into Jio Platforms unit and development of an affordable smart phone in partnership with the search engine giant.

ZyCoV-D: Zydus Cadila begins human clinical trials of

ZyCoV-D: Zydus Cadila begins human clinical trials of coronavirus vaccine candidate

Business | Jul 15, 2020, 11:16 AM IST

Drug firm Zydus Cadila on Wednesday announced that it has started human clinical trials of its coronavirus vaccine candidate ZyCoV-D. In the phase of trials, the company will be enrolling over 1,000 subjects across multiple clinical study sites in India, it said in a regulatory filing.

Reliance's 43rd AGM today:Where to watch Mukesh Ambani’s speech

Reliance's 43rd AGM today:Where to watch Mukesh Ambani’s speech

Business | Jul 15, 2020, 09:29 AM IST

Reliance Industries, India's most valuable company, will hold its first online AGM today and it promises to be a much bigger affair with a brand-new virtual platform that can log more than 1 lakh shareholders from 500 locations simultaneously.

PUBG ban, PUBG ban in india, PUBG ban latest news, PUBG ban news, PUBG ban business news, PUBG ban i

Will PUBG be banned in India? MPs push for ban on app

Business | Jul 14, 2020, 09:22 PM IST

​After the government banned 59 Chinese apps in India, now the sword of damocles is hanging over apps like PUBG. In a meeting of the Standing Committee for Information Technology, parliamentarians pushed for a ban on apps including PubG. The meeting was headed by senior Congress leader Shashi Tharoor.

Huawei China, UK, Huawei banned, huawei china company, huawei business, 5G kit to be removed by 2027

China's Huawei banned by UK; 5G kit to be removed by 2027

Business | Jul 14, 2020, 08:48 PM IST

Huawei, the Chinese telecommunications giant, will be completely removed from the UK's 5G networks by the end of 2027, the UK government announced on Tuesday. There will be a complete ban on the purchase of any new 5G kit after December 31, 2020.

Bank will maintain a constant vigil on the emerging stress

SBI to go for cost cutting, workforce reskilling: Chairman Rajnish Kumar

Business | Jul 14, 2020, 03:54 PM IST

Speaking at the 65th Annual General Meeting (AGM), Chairman Rajnish Kumar said: "The focus while going forward will be on cost reduction, rationalisation, and reskilling of workforce, improving staff productivity, and redeployment of workforce from admin offices to sales roles."

Wipro says no plans to lay off staff at the moment amid COVID-19 pandemic

Wipro says no plans to lay off staff at the moment amid COVID-19 pandemic

Business | Jul 15, 2020, 09:28 AM IST

Wipro has no plans to lay off staff at the moment, said Chairman Rishad Premji on Monday asserting that the company has not laid off any employee due to the COVID-19 impact. The Chairman said this while responding to a shareholder at the 74th Annual General Meeting (AGM) which took place virtually.

WPI inflation falls 1.81 per cent in June

WPI inflation falls 1.81 pc in June as against 3.21 pc in May; food prices rise

Business | Jul 14, 2020, 12:49 PM IST

Inflation in food articles during June stood at 2.04 per cent, as against 1.13 per cent in May. In fuel and power basket, deflation stood at 13.60 per cent in June, against 19.83 per cent in the previous month.

HDFC Bank auto lending probe: HDFC says loan books not

HDFC Bank auto lending probe: HDFC says loan books not affected

Business | Jul 14, 2020, 10:35 AM IST

Earlier on Monday, HDFC Bank spokesperson said, "We would like to state that the executive concerned who was on an extension of service retired on March 31, 2020 in the normal course of his employment.

TCS hiring, TCS jobs, TCS hiring news, TCS jobs news, TCS hiring latest news, TCS hiring freshers, T

TCS plans to hire 40,000 freshers in India campus amid coronavirus crisis. Check details

Business | Jul 13, 2020, 08:24 PM IST

Tata Consultancy Services (TCS) is planning to hire as many as 40,000 freshers in India campus amid coronavirus crisis which has eaten up into a lot of jobs.

Sundar Pichai

Every evening we were drawn to Doordarshan's Sare Jahan Se Accha: Sundar Pichai recalls

Business | Jul 13, 2020, 03:11 PM IST

"One of the challenges of this moment is that we can’t visit the people we love, or the places we call home. During this time, the ability to be online has been a lifeline to so many of us: whether you’re a small business trying to stay afloat…a parent looking for updates on how to keep your family healthy.." Sundar Pichai said.

Today at Google for India, Google CEO Sundar Pichai

Sundar Pichai announces Google's $10 Billion fund for India's digital economy

Business | Jul 13, 2020, 03:05 PM IST

Google CEO Sundar Pichai has announced a $10 billion digitization fund for India's digital economy. Pichai's announcement came after his mmeting with Prime Minister Narendra Modi on Monday where he discussed issues such as leveraging the power of technology to transform the lives of India's farmers and youth.

FabiFlu: Glenmark Pharma cuts price of COVID-19 drug Favipiravir by 27 per cent to Rs 75/tablet

FabiFlu: Glenmark Pharma cuts price of COVID-19 drug Favipiravir. Here's how much it will cost now

Business | Jul 13, 2020, 01:48 PM IST

Glenmark Pharmaceuticals had launched FabiFlu last month at a price of Rs 103 per tablet. In a regulatory filing Glenmark announced a price reduction of 27 per cent for FabiFlu. The new maximum retail price (MRP) is Rs 75 per tab, it said.

TRAI blocks Airtel, Vodafone Idea's RedX premium plans that

TRAI blocks Airtel, Vodafone Idea's RedX premium plans that offer faster data speeds

Business | Jul 13, 2020, 11:47 AM IST

TRAI (Telecom Regulatory Authority of India) on Monday blocked Bharti Airtel’s Platinum and Vodafone Idea’s RedX premium plans that offer faster data speeds and priority services to customers. TRAI questioned whether the network preference came at the cost of deterioration of services for other subscribers.

Foxconn, Apple, Iphone, Iphone XR, China

Bye China! Foxconn plans to expand Sriperumbudur plant with $1 Billion investment: What we know

Business | Jul 12, 2020, 12:25 PM IST

Foxconn, Taiwanese multinational electronics contract manufacturer which assembles Apple iPhone, is planning to invest up to $1 billion in India. Foxconn is looking to expand its factory in Chennai's Sriperumbudur, sources said.

Vande Bharat train, vande bharat express, Train 18, railways tender

Railways opens bidding for Train 18 sets project, Indo-China joint venture firm among 6 contenders

Business | Jul 11, 2020, 02:28 PM IST

The railway's ministry has opened the bidding process for the supply of electrical equipment and other items for 44 sets of 16 coach Vande Bharat train. This current tender was floated on December 22 last year by the Integral Coach Factory (ICF), Chennai, and was opened on Friday (July 10).

Indian economy has started showing signs of going back to normalcy: RBI Governor

Indian economy has started showing signs of going back to normalcy: RBI Governor

Business | Jul 11, 2020, 12:21 PM IST

RBI Governor Shaktikanta Das has said that the Indian economy is showing signs of revival as restrictions across the country are being lifted gradually. He added that post containment of COVID-19, a very careful trajectory has to be followed in the orderly unwinding of countercyclical regulatory measures.

Mercedes, Mercedes Benz India sales

Mercedes Benz India sells 2,948 units in first six months of 2020, SUV dominates sales

Jul 11, 2020, 11:54 AM IST

Amid the coronavirus crisis, Mercedes Benz India has managed to sell 2,948 units in the first half of 2020. The pandemic has also impacted luxury car maker's production at the Chakan Plant in Pune.

air india

Air India withdraws offer of employment for cabin crew, cites dismal aviation scenario

Business | Jul 11, 2020, 07:09 AM IST

Sources said Air India is terminating 1,200 crew and employees who are more than 55-yr-old including 190 trainee pilots. In a letter, Air India has informed an applicant who had been selected as cabin crew in August 2019 subject to the successful completion of training.

gujarat coronavirus

COVID-19 scare: Diamond industry workers leaving Surat in large numbers

Business | Jul 09, 2020, 12:18 PM IST

Surat Luxury Bus Operators Association president Dinesh Andhan claimed that on an average, 300 buses carrying nearly 6,000 people, mostly diamond industry workers, leave from Surat every day for Saurashtra and north Gujarat, from where these workers had come here in search of work.

Mother Dairy launches Ice Cream-Chocolate, calls it Rocket

Mother Dairy launches Ice Cream-Chocolate, calls it Rocket

Jul 08, 2020, 10:47 PM IST

Milk and dairy products brand Mother Dairy has launched an 'Ice Cream-Chocolate' by the name Rocket. It comes in two flavours, French Vanilla and Belgian Chocolate. Mother Dairy is aiming at teen and pre-teen demographic as the prime customer base.

ITR Filing FY 19-20: Key dates and things to remember

ITR Filing FY 19-20: Key dates and things to remember

Jul 08, 2020, 10:18 PM IST

ITR Filing: The last date for Income Tax Return (ITR) filing for AY 2020-21 has been extended by the Income Tax Department. It will be applicable for filing of ITR for the financial year 2019-20. Here're the important things you need to know about Income Tax Return filing.

SBI home loans to get cheaper as bank cuts MCLR, effective from July 10

SBI home loans gets cheaper as bank cuts MCLR, effective from July 10

Business | Jul 08, 2020, 12:23 PM IST

State Bank of India or SBI, the country's largest lender on Wednesday announced a reduction in its benchmark lending rates across shorter tenors. SBI said its marginal cost of funds-based lending rate (MCLR) will be reduced by 5-10 basis points (5-10 percentage point).

Ganga rejuvenation, rejuvenating the Ganga, Ganga rejuvenating, world bank support to Ganga, 400 mil

Rejuvenating the Ganga: World Bank provides $400 million to support Namami Gange

Business | Jul 07, 2020, 07:01 PM IST

In a bid to rejuvenate the Ganga river, the World Bank and the Government of India today signed a loan agreement to enhance support for the Namami Gange programme. The $400 million operation comprises a loan of $381 million and a proposed Guarantee of up to $19 million.

7th Pay Commission, Haryana employees dearness allowance, pensioners dearness relief freezed , earne

Attention! Haryana govt freezes DA, DR at current rate till July 2021

Business | Jul 07, 2020, 01:47 PM IST

In the wake of the coronavirus crisis, CM Manohar Lal Khattar-led Haryana government decided to freeze dearness allowance (DA) of its employees and dearness relief (DR) of all pensioners at current rate till July next year, an official statement by the Haryana Finance Department said.

Sanjay Chandra, Unitech Promoter, Supreme Court, Jutice Chandrachud

Unitech promoter Sanjay Chandra granted bail after parents tests COVID-19 positive

Business | Jul 07, 2020, 02:27 PM IST

A Supreme Court bench led by Justice DY Chandrachud has granted bail to Unitech promoter Sanjay Chandra who was arrested and serving jail term for around three years. The top court has allowed bail as his parents have been infected with coronavirus and are hospitalised.

Ola PhonePe

Ola now allows customers to make digital payments through PhonePe

Business | Jul 07, 2020, 01:23 PM IST

"We are excited to partner with Ola, India''s leading mobility services provider, to enable a seamless and convenient payment experience for our customers," added Ankit Gaur, Director, Business Development at PhonePe.

Good News! HDFC Bank cuts interest rates on loans by 20 bps, effective from today

Good News! HDFC Bank cuts interest rates on loans by 20 bps, effective from today

Business | Jul 07, 2020, 01:20 PM IST

The HDFC Bank has reduced the marginal cost of funds-based lending rates (MCLR) on loans across tenors by 20 basis points with immediate effect. Following the reduction, MCLRs of the bank will range from 7.10 per cent to 7.65 per cent.

COVID-19: Mylan to launch remdesivir in India at Rs 4,800 per 100 mg vial

COVID-19: Mylan to launch remdesivir in India at Rs 4,800 per 100 mg vial

Business | Jul 07, 2020, 08:43 AM IST

The company joins domestic pharma firm Cipla and Hetero who have already received permission from the Drug Controller General of India (DCGI) to manufacture and market remdesivir for the treatment of COVID-19.

Link Aadhaar to Ration Card: Step-by-step guide

How to link Aadhaar to Ration Card: A step-by-step guide

Business | Jul 06, 2020, 10:36 PM IST

Aadhaar-Ration Card Linking: The central government recently extended the deadline of linking Aadhaar card with a ration card till September 30, 2020. Here're the simple steps to link you ration card with the Aadhaar card through online and offline modes.

FILE

Govt not considering merger of CBDT and CBIC, Finance Ministry clarifies

Business | Jul 06, 2020, 06:47 PM IST

​The government is not considering any proposal to merge the Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC), the Union Ministry of Finance clarified today. 

Desidustat: Zydus Cadila gets approval from Mexican authority to test COVID-19 drug

Desidustat: Zydus Cadila gets approval from Mexican authority to test COVID-19 drug

Business | Jul 06, 2020, 10:41 AM IST

Drug firm Zydus Cadila on Monday said it has received approval from Mexico's regulatory authority Cofepris to test one of its lead research candidate Desidustat in the management of COVID-19.

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