• Delhi-Ghaziabad-Meerut Rapid Rail Transit System train loan approved Mumbai Metro

    $500M loan approved for Delhi-Ghaziabad-Meerut RRTS, $241M for Mumbai Metro

    Business | October 01, 2020 11:24 IST

    The New Development Bank (NDB) of the BRICS countries has approved USD 241 million loans for Mumbai Metro and USD 500 million for the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Project.

  • Maharashtra stamp duty sales deed house purchase gets cheaper

    Buying property in Maharashtra gets cheaper, stamp duty cut by 3 pc. Details here

    Business | August 27, 2020 14:00 IST

    In a big move to revive business in real estate sector, the Uddhav Thackeray-led government in Maharashtra has reduced the stamp duty on sale deed documents by 3 per cent between September 1 and December 31 this year. Start next year, January 2021, the stamp duty would be reduced by 2 per cent.

  • Before joining BharatPe, Jasneet Kaur had worked companies such as DHL, PepsiCo, Maersk, Microsoft,

    BharatPe appoints Jasneet Kaur as Chief Human Resource Officer

    Business | August 26, 2020 11:09 IST

    Jasneet will steer employee experience, culture and talent initiatives amid rapid growth at a time when BharatPe is looking to diversify its product strategy to boos revenues.

  • Maruti Alto has been the most selling car for last 16 years and is popular among first-time years.

    Alto: 40 Lakh units sold in 20 yrs since launch in big milestone for Maruti Suzuki

    August 13, 2020 13:49 IST

    Alto, Maruti Suzuki India's most selling car for 16 years, has achieved another milestone for MSIL when its total sold units crossed 40 lakh-mark, the company said in a statement. Alto, the entry-level Maruti car since it withdrew Maruti 800, is specifically popular among the first-time buyers for its value for money.

  • NR Narayan Murthy has made three crucial suggestions for reviving an economy that is under stress du

    Narayan Murthy's 3-point formula to revive economy

    Business | August 12, 2020 12:31 IST

    Infosys co-founder NR Narayan Murthy has made three big suggestions as a way forward for the economy hit by coronavirus pandemic. Murthy says GDP numbers are really worrisome and has come up with a three-point formula.

  • PC Kandpal appointed MD & CEO SBI General Insurance

    PC Kandpal appointed MD & CEO SBI General Insurance

    Business | July 21, 2020 17:55 IST

    Non-life insurer SBI General Insurance on Tuesday announced the appointment of Prakash Chandra Kandpal as its new managing director and chief executive officer, effective July 20.

  • Maggi Magic Masala Nestle India Madras High Court ruling

    Nestle's use of Magic Masala for Maggi fine, 'no monopoly' on expression, rules Madras High Court

    Business | June 19, 2020 14:45 IST

    The Madras High Court has made it clear that laudatory expressions like 'Magic Masala' and 'Magical Masala' cannot be monopolised and use of similar expressions would not amount to passing off under the Trademark Act.

  • LIC listing IDBI stake sale latest news

    COVID-19 fallout: LIC listing, IDBI Bank stake sale may be postponed

    Business | May 31, 2020 14:22 IST

    Listing of Life Insurance Corporation (LIC) and sale of government's stake in IDBI Bank may be delayed beyond March 2021, due to depressed valuation amid COVID-19 pandemic, news agency PTI reports quoting sources.

  • EROS Group founder, JR Sood

    EROS Group founder JR Sood dies at 94

    Business | April 27, 2020 13:56 IST

    JR Sood, Founder & Chairman of the EROS Group, a family-owned business entity with a primary focus on Hospitality, Real Estate and Entertainment, passed away on Sunday at the age of 94.

  • Zydus Cadila gets USFDA nod to market generic schizophrenia drug. Zydus Cadila business news

    Zydus Cadila gets USFDA nod to market generic schizophrenia drug

    Business | April 08, 2020 10:12 IST

    Drug firm Zydus Cadila on Tuesday said it has received final nod from the US health regulator to market generic Perphenazine tablets used for the treatment of schizophrenia. The company has received final approval from the United States Food and Drug Administration (USFDA) to market Perphenazine tablets USP in the strengths of 2 mg, 4 mg, 8 mg and 16 mg, Zydus Cadila said in a statement.

  • RBI reduces repo rate by 75 basis points to 4.4 per cent;

    RBI makes BIG-BANG move to fight COVID-19 fallout: Announces cut in repo rate, puts a pause on EMIs

    Business | March 27, 2020 12:40 IST

    A day after Finance Minister announced Rs 1.7 trillion economic package for country, the Reserve Bank of India governor Shaktikanta Das announced bold measures cut lending rates by slashing repo rate and reverse repo rate by massive 70 bps and 90 bps respectively. He also announced a 3-month moratorium on loans.

  • Finance Minister Nirmala Sitharaman to address media at 1 pm today

    Sitharaman announces ₹ 1.7 lakh crore economic package to blunt COVID-19 impact | BIG TAKEAWAYS

    Business | March 26, 2020 22:59 IST

    Sitharaman today announced an economic package that will benefit migrant workers, urban and rural poor which will be known as the Prime Minister Gareeb Kalyan scheme.

  • NCLAT allows JSW Steel  acquire Bhushan Power business news

    NCLAT allows JSW Steel acquire Bhushan Power

    Business | February 17, 2020 18:03 IST

    The National Company Law Appellate Tribunal on Monday allowed JSW Steel to acquire Bhushan Power & Steel Ltd for Rs 19,700 crore by providing it immunity from prosecution by the Enforcement Directorate.

  • ONGC stock falls over 3 pc on Q3 res business news

    ONGC stock falls over 3 pc on Q3 results

    Business | February 17, 2020 17:36 IST

    Shares of Oil and Natural Gas Corporation fell over 3 per cent on Monday after the company posted halving of its December quarter net profit.

  • Tech Mahindra sprawling campus in Warangal was launched by

    Tech Mahindra opens sprawling campus in Warangal in a bid to focus on Tier-II cities

    Business | January 07, 2020 15:32 IST

    Tech Mahindra Ltd on Tuesday announced the inauguration of its new delivery centre. The centre was inaugurated in the presence of IT and Industries Minister KT Rama Rao. The new facility is in line with Tech Mahindra's TechMNxt charter, which focuses on leveraging next-generation technologies and solutions, like artificial intelligence among others to address real-world problems to meet the customer's evolving and dynamic needs, a press release from the IT firm said.

  • former Uber CEO Travis Kalanick quits company silicon valley news

    Travis Kalanick is cashing out of Uber for philanthropic pursuits

    Business | December 26, 2019 12:47 IST

    Travis Kalanick, who built Uber into a ride-hailing giant, only to be ousted as CEO over the company's sexist “bro” culture, is cashing out. Kalanick disclosed Tuesday that he has sold off all his Uber stock — estimated at more than $2.5 billion — and is resigning from the board of directors, severing ties to the company he co-founded a decade ago.

  • Core sector output shrinks 5.8 per cent in October

    Core sector output shrinks 5.8 per cent in October

    Business | November 29, 2019 18:03 IST

    Production of cement (- 7.7 per cent), steel (- 1.6 per cent), and electricity (- 12.4 per cent) also declined during the month. The only sector that posted growth in October was fertilizers where production increased by 11.8 per cent year-on-year.

  • Onion prices remain high, soar to Rs 110/kg in Panaji

    Onion prices remain high, soar to Rs 110/kg in Panaji

    Business | November 28, 2019 21:39 IST

    The stock holding limit was imposed in September. At present, retailers can stock onion only up to 100 quintals and wholesale traders are allowed to keep up to 500 quintals. Food and Consumer Affairs Minister Ram Vilas Paswan on Wednesday had asserted that the government was making maximum efforts to control prices.

  • Parliament passes chit funds bill

    Parliament passes chit funds bill

    Business | November 28, 2019 17:23 IST

    The maximum commission for foreman, who is responsible for managing the chit, is proposed to be raised from 5 per cent to 7 per cent. The bill also allows the foreman a right to lien against the credit balance from subscribers.

  • Axis Bank betting big on Fastags

    Axis Bank betting big on Fastags

    Business | November 27, 2019 21:49 IST

    Rival Kotak Mahindra Bank has also announced free tags till December 1 with a similar limited period offer, an official statement said, while an HDFC Bank official said the lender has waived off the processing charges of Rs 100 till December 31.