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  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.

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  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.

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  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.

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  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.

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  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.

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  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.

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  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.

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  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.

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  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.

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  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.

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  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.

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  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.

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  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.

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  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.

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  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.

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  Trai moots idea of tariff calculator, more transparent disclosures

  Business | November 27, 2019 21:25 IST

  The consultation paper from Trai has been issued when telecom operators have announced their plan to raise tariffs. The regulator has floated a proposal to ask telecom operators to retain details of old plans, while they publish information around new plans.

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  SAIL asks units to improve efficiency, reduce production cost

  Business | November 27, 2019 21:25 IST

  All the plants and units of the company are working on a mission mode to reduce the cost of production with the guiding principle 'Do More With Less'," SAIL Chairman Anil Kumar Chaudhary said in a statement.

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  Modi govt likely to bring ordinance to cut tax rates for individuals

  India | September 24, 2019 21:38 IST

  Tax bonanza for individuals could be on cards as the Modi government is planning to slash existing tax rates for individual taxpayers in an effort to boost demand. The news comes after task force on direct taxes recommended revising income tax slabs.

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  SBI links interest rates to RBI's repo rate; customers to get direct benefit of RBI monetary policy easing

  Business | May 01, 2019 21:31 IST

  Public sector lender State Bank of India on 1st of May became the first Indian bank to link its saving and loan interest rates to the Reserve Bank of India's repo rate. Read on to find out more!

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  Concern in Parliament over AI pilots strike

  May 21, 2012 17:31 IST

  New Delhi, May 21: Concern was voiced in Parliament today over ongoing strike by Air India pilots which has been going on for two weeks with members alleging that the extreme “arrogance” by the government