• 

  Cafe Coffee Day probe reveals Rs 3,500 cr fund diversion, gives clean chit to I-T Dept

  July 24, 2020 22:00 IST

  An investigation into the circumstances that led to the alleged suicide of VG Siddhartha, the owner of the Coffee Day group, has revealed that Rs 3,535 crore siphoned off from the company by the entrepreneur's personal firms. 

• 

  Govt's endeavour has been to further simplify Direct Tax laws: Sitharaman

  July 24, 2020 21:23 IST

  Appreciating its continuous efforts towards making the tax administration taxpayer-friendly, transparent and geared towards facilitating voluntary compliance, she said there has been a paradigm shift in its role in recent years, from being just a revenue collecting organisation to becoming a more citizen-centric establishment.

• 

  Green shoots visible, India may post 6 per cent growth next fiscal: Niti Aayog

  July 24, 2020 20:37 IST

  The Indian economy will start recovering completely by the fourth quarter of the current fiscal and could grow by 6 per cent in the next financial year as green shoots are visible in many sectors where business is back to pre-COVID levels, Niti Aayog Vice Chairman Rajiv Kumar said on Friday.  

• 

  Reliance overtakes Exxon to become world's 2nd most valuable energy firm

  July 24, 2020 19:37 IST

  Reliance Industries has overtaken ExxonMobil to become the world's second most valuable energy company after its market capitalisation scaled to a record high of over Rs 14 lakh crore.

• 

  Jenburkt Pharma launches COVID-19 drug at Rs 39 per tablet

  July 24, 2020 19:26 IST

  The company hopes that the easy accessibility and affordable price point of an effective treatment such as Favivent will offer Indian citizens a timely, much-needed therapeutic solution.

• 

  Downside risks for FY21 significant as duration of COVID-19 pandemic is uncertain: RBI

  July 24, 2020 18:58 IST

  The RBI had earlier said the country's GDP will contract in FY21, but did not give any number on the same, even as analysts are pegging a negative growth of up to 9.5 per cent.

• 

  GoAir launches GoFlyPrivate for booking multiple rows on single PNR: Here's what you should know

  July 24, 2020 18:30 IST

  Budget carrier GoAir has launched a scheme, 'GoFlyPrivate', for enabling passengers to book multiple rows using a single PNR. The airlines said the facility costs "a fraction of a full-fledged private charter flight."

• 

  Gold Price Today: Gold hits fresh high of Rs 51,946, rises by Rs 475

  July 24, 2020 16:59 IST

  In the previous trade, it had closed at Rs 51,471 per 10 gram. Silver, however, declined by Rs 109 to Rs 62,262 per kg, from Rs 62,371 per kg on Thursday.

• 

  US-China trade war : India sees bright future for gems and jewellery trade

  July 24, 2020 16:56 IST

  Gems and Jewellery Export Promotion Council (GJEPC) officials said with China imposing the national secuirty law on Hong Kong, the USA has given indication of raising duty on goods from there to 7.5 per cent from 3.3 per cent.

• 

  'Is that your definition of ethics': Ratan Tata questions companies that lay off employees

  July 24, 2020 21:03 IST

  Tata Group chairman emeritus Ratan Tata said retrenchment of employees by Indian companies in these COVID-19 unprecedented times is not the solution, emphasising that it was a knee-jerk reaction.

• 

  Sensex, Nifty end flat after see-saw trade; RIL hits fresh peak

  July 24, 2020 16:07 IST

  The Sensex and Nifty ended marginally lower after a highly volatile session on Friday as a global equity selloff outweighed stock-specific gains on the indices.

• 

  Oxford Vaccine: I believe Covishield to reach masses by first quarter of next year: Adar Poonawalla

  July 24, 2020 15:42 IST

  Adar Poonawalla, CEO, Serum Institute of India (SII) said as per the arrangement with AstraZeneca, SII will be making one billion doses of Covishield vaccine over the next one year for India and other low-and-middle-income countries (GAVI countries).

• 

  Coronavirus Vaccine: Neuberg Diagnostics gets ICMR approval for COVID-19 testing in Kerala

  July 24, 2020 15:01 IST

  Neuberg, India's fourth largestpathology player, had earlier received approvals for COVID testing in Ahmedabad, Bengaluru, Chennai and Pune, it said in a press release.

• 

  Bank employees 15 per cent hike in salary, Performance-Linked Incentive explained

  July 24, 2020 14:32 IST

  Bank employees' unions and the Indian Banks' Association (IBA) have reached an agreement for a 15 per cent annual hike in wages. The two parties also agreed for the introduction of Performance Linked Incentive (PLI). What you need to know.

• 

  To create jobs outside big cities, Snapdeal opens customer care centre in Shimla

  July 24, 2020 14:23 IST

  Snapdeal currently has a large proportion of buyers from non-metro cities. It has been a big positive factor for Snapdeal because e-commerce has played an even more crucial role in smaller cities given the constraints in the offline supply chains.

• 

  Mukesh Ambani's Reliance Industries market valuation crosses Rs 14 lakh cr-mark

  July 24, 2020 15:29 IST

  Reliance Industries’ market valuation crossed Rs 14 lakh crore-mark on Friday as its stock rallied over 4 per cent to scale its fresh peak.

• 

  Riding on anti-China sentiment, Samsung becomes 2nd largest smartphone brand in India

  July 24, 2020 11:52 IST

  Samsung has gained big times amid anti-China sentiment over border row with India making it the second-largest smartphone brand in the country due to fluctuations in the supply for some major Chinese brands.

• 

  In a major boost to Make In India, Apple begins production of iPhone 11 in Chennai

  July 24, 2020 11:01 IST

  In what comes as a major boost to the Make In India campaign, one of the world’s largest companies — Apple — has begun production of its flagship iPhone 11 in India. As per latest reports, iPhone 11 will be produced in Foxconn plant near Chennai.

• 

  Sensex tumbles over 300 points in early trade; Nifty slips below 11,150

  July 24, 2020 10:25 IST

  In the previous session, the BSE barometer finished 268.95 points, or 0.71 per cent, higher at 38,140.47, and the Nifty advanced 82.85 points, or 0.74 per cent, to close at 11,215.45.

• 

  More trouble for Chinese cos as India changes trade rules in public procurement

  July 24, 2020 10:00 IST

  Amid border tension with China, the government has changed trade rules imposing restrictions on public procurement from China and other countries with the common border.

• 

  India needs further economic reforms to attract more investment: IMF

  July 24, 2020 7:32 IST

  The remarks by the International Monetary Fund’s Chief Spokesperson Gerry Rice came in response to a question on the recent FDI announcements made by companies like Facebook and Google in India.

• 

  Unlike other airlines, no layoffs, no salary cut for employees: Air India justifies allowance cut

  July 23, 2020 22:02 IST

  National carrier Air India on Thursday said that it was decided in a review meeting with the Ministry of Civil Aviation (MoCA) that no staff of the airline will be laid off amid the coronavirus-triggered economic crisis.

• 

  Bank of Maharashtra Q1 profit up 25 pc on higher interest income

  July 23, 2020 21:33 IST

  State-owned Bank of Maharashtra on Thursday reported 24.69 per cent jump in net profit at Rs 101 crore for June quarter 2020-21 helped by healthy interest income and lower operating cost.

• 

  Paytm sees up to 3.5X growth in transactions amid COVID-19 pandemic

  July 23, 2020 20:42 IST

  ​Paytm founder Vijay Shekhar Sharma on Thursday said the company is witnessing up to 3.5X growth in transactions on its platform amid the COVID-19 pandemic and resultant lockdown as users turned to digital payments to make payments in a safe manner.  

• 

  Mukesh Ambani's RIL enters into list of World's 50 most valued companies

  July 23, 2020 19:57 IST

  Mukesh Ambani has good news coming his way almost every day it seems. Just a day after he became 5th richest man in the world, Reliance Industries Limited broke into 50 most valued companies in the world.

• 

  Jeff Bezos, the world's RICHEST man: Check his net worth, and the story behind

  July 23, 2020 19:24 IST

  "I didn't think I'd regret trying and failing. And I suspected I would always be haunted by a decision to not try at all," Jeff Bezos had once said. Probably that's what makes Jeff Bezos the man he is, and in fact, the richest man in the world. Forbes' real-time list of billionaires shows the Amazon founder's net worth running into an unimaginable sum.

• 

  Sensex surges 269 points; Reliance Industries hits lifetime high

  July 23, 2020 16:10 IST

  Equity benchmark Sensex jumped 269 points on Thursday, led by gains in index heavyweight Reliance Industries, ICICI Bank and Kotak Bank amid hopes of fresh government stimulus to support the economy. 

• 

  Amazon joins hands with Acko to offer auto insurance in India

  July 23, 2020 15:27 IST

  Amazon Pay on Thursday said it has tied up with Acko General Insurance Ltd to offer two- and four-wheeler insurance policies in India.