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Headline
RBI slaps Rs 4 cr penalty on Citibank for non-compliance of regulations
Mumbai, May 29 (IANS) The Reserve Bank of India (RBI) has imposed a fine of Rs 4 crore on Citibank for non-compliance of regulations.
2020-05-29
Category: India, Maharashtra,Business/Economy
TN CM reaches out to MNCs like Apple, Amazon for investment
Chennai, May 29 (IANS) Tamil Nadu Chief Minister K. Palaniswami has written to the heads of 13 multinational companies (MNCs) in the electronics sector to invest in the sourthern state.
2020-05-29
Category: India, Tamil Nadu,Business/Economy
Vande Bharat: Air India announces more flights to evacuate Indians
New Delhi, May 29 (IANS) Air India on Friday announced additional flights between June 4 and 6 to bring back Indians stranded abroad amid the coronavirus pandemic.
2020-05-29
Category: India, Delhi,National,Business/Economy
Freefall: India's FY20 GDP growth lowest in the last 11 yrs
New Delhi, May 29 (IANS) The general economic slowdown, along with the impact of the global Covid-19 pandemic, pulled India's GDP growth rate down to 3.1 per cent in the last quarter of 2019-20.
2020-05-29
Category: India, Delhi,Business/Economy
Renault plans to save 2 bn euros by 2022 at 1.2 bn euros cost
Chennai, May 29 (IANS) As a part of its plan to reduce its costs by two billion euros by 2022, French automotive group Renault on Friday said it would be sending out 14,600 of its employees around the world over the next three years.
2020-05-29
Category: India, Tamil Nadu,Business/Economy
GDP figures running commentary on economic mismanagement: Chidambaram
New Delhi, May 29 (IANS) As India's GDP growth rate came down to 3.1 per cent in the last quarter of 2019-20 fiscal from 4.1 per cent in Q3, senior Congress leader P Chidambaram on Friday slammed the central government, saying the latest figures were a "running commentary on economic mismanagement in the country".
2020-05-29
Category: India, Delhi,Business/Economy
India's Q4 FY20 GDP down to 3.1%, 2019-20 growth shrinks to 4.2%
New Delhi, May 29 (IANS) A massive contraction in manufacturing and construction activities pulled India's GDP growth rate down to 3.1 per cent in the last quarter of 2019-20 from Q3's 4.1 per cent and 5.7 per cent rise reported for the like period of the previous fiscal.
2020-05-29
Category: India, Delhi,Business/Economy
India's core industrial output crashes by over 38% in April
New Delhi, May 29 (IANS) The output of India's eight major industries' crashed in April 2020 by over 38 per cent on account of the national lockdown implemented to curb the Covid-19 outbreak.
2020-05-29
Category: India, Delhi,Business/Economy
FarEye increases manpower by 12% amid lockdowns
New Delhi, May 29 (IANS) Logistics management start-up FarEye on Friday said it has increased its manpower strength by over 12 per cent amid the Covid-19 restrictions.
2020-05-29
Category: India, Delhi,Business/Economy,Technology
Former Capgemini Group COO Delaporte appointed Wipro's CEO, MD
Bengaluru, May 29 (IANS) IT major Wipro on Friday announced the appointment of Thierry Delaporte as the Chief Executive Officer and Managing Director of the company with effect from July 6, 2020.
2020-05-29
Category: India, Karnataka,Business/Economy
IndiGo says few of its passengers have tested Covid-19 positive
New Delhi, May 28 (IANS) Airline major IndiGo on Thursday said that a few asymptomatic passengers, who travelled on its flights since resumption of services this week, have tested Covid-19 positive.
2020-05-28
Category: India, Delhi,National,Business/Economy,Health/Medicine
All metros connected via flights, passenger numbers rise (Roundup)
New Delhi, May 28 (IANS) The re-commencement of flight services to West Bengal on Thursday gave a boost to the overall domestic operations and passenger numbers in India.
2020-05-28
Category: India, Delhi,Business/Economy
FDI inflows rise 18% to $73 bn in FY20: Minister
New Delhi, May 28 (IANS) Union Commerce and Industry Minister Piyush Goyal on Thursday said that total FDI into India grew at 18 per cent in 2019-20 to reach $73 billion.
2020-05-28
Category: India, Delhi,Business/Economy
RBI slaps penalties on Bank of India, Karnataka Bank
Mumbai, May 28 (IANS) The Reserve Bank of India (RBI) said on Thursday that it has imposed a monetary penalty of Rs 5 crore on Bank of India.
2020-05-28
Category: India, Maharashtra,Business/Economy
Radico Khaitan's Q4 net profit down 20% at Rs 32.67 cr
Mumbai, May 28 (IANS) Spirit manufacturer Radico Khaitan on Thursday reported a 20.19 per cent fall in its consolidated net profit, at Rs 32.67 crore, for the January-March quarter of financial year 2019-20.
2020-05-28
Category: India, Maharashtra,Business/Economy
Nissan plans to shut Indonesia, Barcelona plants; silent on India
Chennai, May 28 (IANS) Japanese automobile major Nissan Motor Company on Thursday said closure of Indonesian and Barcelona plants; reducing the number of models; rationalising production capacities; cutting down fixed costs by 300 billion Yen are some of the measures planned to achieve sustainable growth, financial stability and profitability by the end of fiscal 2023.
2020-05-28
Category: India, Tamil Nadu,Business/Economy
Innovation, data top priorities for marketers in India: Report
New Delhi, May 28 (IANS) Innovating and ramping up use of technologies like Artificial Intelligence (AI) to make the most of data are top priorities for marketing leaders in India, while insufficient organisational structure and processes is their top challenge, said a report from US-based Cloud computing major Salesforce on Thursday.
2020-05-28
Category: India, Delhi,Business/Economy,Technology
KIA Motors announces additional investment of $54 mn in AP
Amaravati, May 28 (IANS) In a boost to the investment sentiment in the state, South Korean auto major KIA Motors India CEO announced an additional investment of USD 54 million in Andhra Pradesh.
2020-05-28
Category: India, Maharashtra,Business/Economy
Bezos says Amazon serious about warehouse workers' health
Seattle, May 28 (IANS) Amazon Founder and CEO Jeff Bezos has rebutted claims about Covid-19 health concerns at the warehouses, saying the ecommerce giant has taken this seriously from the very beginning.
2020-05-28
Category: International, United States,Business/Economy,Technology
Attachment of properties by ED illegal, J.P. Morgan tells SC
New Delhi, May 27 (IANS) J.P. Morgan India on Wednesday told the Supreme Court that it has not committed any wrongdoing and the attachment of its properties by the Enforcement Directorate is "blatantly illegal", as it has no role in the Amrapali Group housing scam.
2020-05-27
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
All shops can reopen in Hyderabad from May 28
Hyderabad, May 27 (IANS) The Telangana government has allowed all shops in Hyderabad to reopen from Thursday. However, the ban on re-opening of malls will continue.
2020-05-27
Category: India, Andhra Pradesh,National,Business/Economy
'India's data centre market to grow in 2020 amid rising digital consumption'
New Delhi, May 27 (IANS) On the back of various policy initiatives, widening customer base and increasing corporate requirements for data storage, a CBRE report has said that the data centre market is set to grow in 2020 with rising demand and supply.
2020-05-27
Category: India, Delhi,Business/Economy,Technology
Taj, Vivanta to have digital menus as services resume post lockdown
Mumbai, May 27 (IANS) Indian Hotels Company (IHCL) on Wednesday announced that hotels under its brands Taj, Vivanta, SeleQtions and Ginger are implementing enhanced precautionary measures as it prepares for resumption of services post the lockdown whereby the menus in these hotels will be largely digital or single use menus.
2020-05-27
Category: India, Maharashtra,Business/Economy
Google unveils new tools to help small businesses during Covid-19
San Francisco, May 27 (IANS) Google on Wednesday announced new digital tools for small businesses along with expanding support links for donations and gift cards on their Business Profiles in additional 18 countries.
2020-05-27
Category: International, Costa Rica,Business/Economy,Technology
NCLT approves IL&FS' stake sale in GIFT City to Guj Govt (Ld)
New Delhi, May 27 (IANS) The Principal Bench of National Company Law Tribunal (NCLT) has approved the stake sale of IL&FS in Gujarat International Finance Tec-City Company Limited (GIFTCL) to the Government of Gujarat, paving the way for resolution of around Rs 1,200 crore.
2020-05-27
Category: India, Delhi,Business/Economy
'India's Q1 GDP may contract 40%, states to lose Rs 30 lakh cr on Covid'
New Delhi, May 27 (IANS) As the pandemic and the nationwide lockdown severely hits the economy, India's gross domestic product for the first quarter of the financial year 2020-21 is likely to contract by over 40 per cent, according to an SBI Ecowrap report.
2020-05-27
Category: India, Delhi,Business/Economy
India's economy poised to bounce back after Covid-19: Investor Richman
New Delhi/Mumbai, May 27 (IANS) The global economy has suffered a devastating blow courtesy the Covid-19 pandemic. Although statistics show that some countries are worse hit by the virus, all nations have been affected economically.
2020-05-27
Category: India, Delhi,Business/Economy
NHAI issues guidelines to get national highways monsoon-ready
New Delhi, May 27 (IANS) To make national highways ready for the upcoming monsoon season, the National Highway Authority of India (NHAI) has issued new policy guidelines to expedite the process of highway maintenance.
2020-05-27
Category: India, Delhi,Business/Economy
Private bus services to resume in Odisha from Thursday
Bhubaneswar, May 27 (IANS) Private bus services in Odisha will resume from Thursday, almost two months after public transport was stopped following the enforcement of lockdown to contain the spread of Covid-19 across the country.
2020-05-27
Category: India, Orissa,Business/Economy
Sensex gains 250 points amid volatility, Nifty above 9,100
Mumbai, May 27 (IANS) The Indian equity indices rose after a volatile initial trade with the BSE Sensex rising over 250 points and the NSE Nifty50 trading over the 9,100 mark.
2020-05-27
Category: India, Maharashtra,Business/Economy
'37% Indian women never bought gold jewellery, but want to'
New Delhi, May 27 (IANS) A World Gold Council (WGC) report on Wednesday said that there is an ample scope for retail demand of gold jewellery in the country as around 37 per cent of Indian women have never bought gold but would consider purchasing in the future.
2020-05-27
Category: India, Delhi,Business/Economy
Zoom hires VMware veteran Sankarlingam as product, engineering head
New Delhi, May 27 (IANS) Video meet app Zoom on Wednesday announced it has hired enterprise softare major VMware veteran Velchamy Sankarlingam as President of Engineering and Product.
2020-05-27
Category: India, Delhi,Business/Economy,Technology
Ola Electric acquires AppScooter maker Etergo, to launch 2-wheeler next year
New Delhi, May 27 (IANS) Ola Electric on Wednesday acquired the Netherlands-based Etergo BV, an innovative electric scooter company known for its award-winning AppScooter for an undisclosed sum, and announced its foray into the premium electric two-wheeler market, both globally and nationally.
2020-05-27
Category: India, Delhi,Business/Economy,Technology
608 flights ferry over 41k passengers on Tuesday (Roundup)
New Delhi, May 26 (IANS) A day after India resumed domestic flight services, a total of 608 aircraft ferrying 41,673 passengers were operated till 5 p.m. on Tuesday.
2020-05-26
Category: India, Delhi,National,Business/Economy,Health/Medicine
Passenger on IndiGo's Chennai-Coimbatore flight tests Covid positive
Chennai, May 26 (IANS) Airline major IndiGo said a passenger, who travelled on its Chennai to Coimbatore flight on Monday, has tested positive for Covid-19.
2020-05-26
Category: India, Tamil Nadu,National,Business/Economy
RIL-REs command 7% premium on Day 4
New Delhi, May 26 (IANS) At a time when marquee companies like Bharti Airtel and Kotak Mahindra Bank are selling their equity stakes at 5-6 per cent discount to their market price, RILs RE continues to command a premium over its intrinsic value.
2020-05-26
Category: India, Delhi,Business/Economy
AirAsia flight makes emergency landing at Hyderabad Airport
Hyderabad, May 26 (IANS) An AirAsia India Jaipur-Hyderabad flight with 76 people on board made an emergency landing at the Rajiv Gandhi International Airport here on Tuesday allegedly due to fuel leak.
2020-05-26
Category: India, Andhra Pradesh,Business/Economy
Mobile wallets Q1 transactions volume drops 4% in India: Report
New Delhi May 26 (IANS) The number of transactions done on mobile wallets in Q1 2020 was 1.08 billion and the value of transactions was Rs 429 billion in India, recording about four per cent drop in volume and about six per cent drop in value over Q1 2019, a report said on Tuesday.
2020-05-26
Category: India, Delhi,Business/Economy,Technology
Punjab brings 10 lakh acres under cotton cultivation
Chandigarh, May 26 (IANS) The Crop Diversification Programme in Punjab has received a good response with the state nearly accomplishing its goal to bring 12.5 lakh acres under cotton cultivation, up from 9.7 lakh acres in 2019, an official said on Tuesday.
2020-05-26
Category: India, Punjab,Business/Economy
Covid to accelerate rebound in small cars, rural market: Maruti (IANS Exclusive)
New Delhi, May 26 (IANS) Even as it re-starts nearly 2,000 dealerships across the country, automobile giant Maruti Suzuki India will go into a high gear to tap the rural market.
2020-05-26
Category: India, Delhi,Business/Economy
India's GDP likely to contract 5% in FY 2020-21: Crisil
New Delhi, May 26 (IANS) Days after the Reserve Bank of India (RBI) said that India's GDP growth for the financial year 2020-21 may remain in the negative territory, CRISIL has projected that the country's economy contract by 5 per cent this fiscal, downgrade from its previous estimate of 1.8 per cent growth.
2020-05-26
Category: India, Delhi,Business/Economy
The big could get bigger in India Inc post Covid-19
New Delhi, May 26 (IANS) Covid 19 will accelerate a second wave of consolidation in India Inc and the big will get bigger as the unorganised players have been losing market share since demonetisation and GST.
2020-05-26
Category: India, Delhi,National,Business/Economy
Bharti Telecom sells 2.75% Airtel stake, raises Rs 8,433 cr
New Delhi, May 26 (IANS) Bharti Telecom has sold 2.75 per cent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market, raising Rs 8,433 crore.
2020-05-26
Category: India, Delhi,National,Business/Economy
K'taka farmers team up with Flipkart for home delivery of mangoes
Bengaluru, May 26 (IANS) Karnataka farmers are teaming up with e-commerce major Flipkart for the home delivery of mangoes, an official said on Tuesday.
2020-05-26
Category: India, Karnataka,Business/Economy
Shopmatic launches grocery web-stores to help Kirana owners go online
New Delhi, May 26 (IANS) International e-commerce firm Shopmatic on Tuesday introduced grocery web-stores that will help local shop owners in India to build their online presence easily without the need for any technical or coding experience.
2020-05-26
Category: India, Delhi,Business/Economy,Technology
Stanza Living announces safety framework amid COVID-19
New Delhi, May 26 (IANS) Managed accommodation company, Stanza Living on Tuesday has announced a aCOVID-Combat Ready' operating framework for safety of its consumers and employees at its residences across 14 cities.
2020-05-26
Category: India, Delhi,Business/Economy
Glenmark to start trial combining 2 anti-viral drugs on India Covid patients
New Delhi, May 26 (IANS) Glenmark Pharmaceuticals announced on Tuesday that it will commence another new Phase 3 clinical trial on a combination of two anti-viral drugs Favipiravir and Umifenovir in hospitalized patients of moderate COVID-19 in India.
2020-05-26
Category: India, Delhi,Business/Economy,Health/Medicine,Science/Tech
SAP brings business Cloud to India data centre
Mumbai, May 26 (IANS) Software solutions major SAP on Tuesday announced the launch of SAP Commerce Cloud and S/4 HANA Cloud on their India data centre to help Indian enterprises meet end-to-end customer demands, make commerce frictionless while ensuring compliance with the Personal Data Protection Bill.
2020-05-26
Category: India, Maharashtra,Business/Economy,Technology
CoinDCX gets $2.5 million funding, aims 50mn users in India
Mumbai, May 26 (IANS) Indias largest cryptocurrency exchange CoinDCX on Tuesday announced it has secured $2.5 million strategic investment led by Polychain Capital with support from Coinbase Ventures, the investment arm of San Francisco-based cryptocurrency giant Coinbase.
2020-05-26
Category: India, Maharashtra,Business/Economy,Technology
India resumes flight services, but passengers harried (Roundup)
New Delhi/Mumbai, May 25 (IANS) After some initial hiccups, India on Monday resumed domestic passenger flight services, exactly two months after these operations were suspended due to the Covid-19 outbreak.
2020-05-25
Category: India, Delhi,National,Business/Economy