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Headline
Maruti Suzuki launches all new Vitara Brezza
New Delhi, Feb 24 (IANS) Automobile major Maruti Suzuki India on Monday launched the all new compact SUV Vitara Brezza, which was unveiled at the recently held Auto Expo 2020.
2020-02-24
Category: India, Delhi,Business/Economy
DoT tells telcos to submit AGR dues self-assessment reports
New Delhi, Feb 24 (IANS) The Department of Telecommunications (DoT) has issued notice to the telecom companies for submitting their self-assessment of AGR amount at the earliest.
2020-02-24
Category: India, Delhi,Business/Economy
'Limited immediate risk from Covid-19 to India pharma sector'
Mumbai, Feb 24 (IANS) The immediate risk to the Indian pharma industry from the supply shortages of key raw materials from China due to coronavirus outbreak is limited, a market report said on Monday.
2020-02-24
Category: India, Maharashtra,Business/Economy,Health/Medicine
CBDT sets March 31 for Panama Paper probe completion
New Delhi, Feb 24 ( IANS) The Central Board of Direct Taxes (CBDT) has set the March 31 deadline for completion of the Panama and Paradise Papers' probes and filing of the report for initiation of prosecution.
2020-02-24
Category: India, Delhi,Business/Economy
Coronavirus fear: Gold logs all-time high of Rs 43,590
Mumbai, Feb 24 (IANS) Supported by weakening rupee and uncertainty owing to the fast spreading coronavirus, prices of safe haven assets like gold and silver rose sharply on Monday. Gold prices logged a life-time high of Rs 43,590 per 10 grams, jumping over Rs 1,800 in a single session.
2020-02-24
Category: India, Maharashtra,Business/Economy
Feb sales fell 10% due to coronavirus outbreak: TVS Motor
Mumbai, Feb 24 (IANS) Chennai-based TVS Motor Company on Monday said that its vehicle sales suffered a 10 per cent drop in "planned production" due to the coronavirus outbreak in China.
2020-02-24
Category: India, Maharashtra,Business/Economy
India can become one of top 3 economies in world: Mukesh Ambani
Mumbai, Feb 24 (IANS) Riding on the power of technology, India has the opportunity to become a premier digital society and one of the top three economies in the world, Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani said here on Monday.
2020-02-24
Category: India, Maharashtra,Business/Economy
DIPAM extends time for clarifications on Air India divestment
New Delhi, Feb 24 (IANS) The Air India sell-off could be further delayed as the disinvestment department has extended the last date for submission of written queries on the Performance Information Memorandum and Share Purchase Agreement to March 6.
2020-02-24
Category: India, Delhi,Business/Economy
COVID fear: Sensex loses 806 pts, gold hits life-time high (Roundup)
Mumbai, Feb 24 (IANS) Indian stock markets alongside global equities markets tumbled and prices of safe haven assets such as gold logged a record high over fears of further disruption in economic activity owing to the jump in coronavirus-related deaths, particularly outside China.
2020-02-24
Category: India, Maharashtra,Business/Economy
L&T arm wins IT services deal from Swedish firm
Bengaluru, Feb 24 (IANS) Infrastructure construction major L&T's IT arm on Monday said it bagged a multi-year engineering services contract from Swedish firm Dometic, which provides mobile solutions worldwide.
2020-02-24
Category: India, Karnataka,Business/Economy
RIL's deleveraging remains underappreciated: UBS
New Delhi, Feb 24 (IANS) Reliance Industries' (RIL) efforts to deleverage largely remain underappreciated and the exercise could free up more than $20 billion by FY21-end for RIL, according to a research report by UBS.
2020-02-24
Category: India, Delhi,Business/Economy
'Non-provisioning for AGR dues by telcos led to today's crisis'
New Delhi, Feb 23 (IANS) One of the reasons why telcos are under severe financial stress over meeting AGR dues is that they never made annual provisions towards this contingent liability, like the way banks provide for NPAs against loans stuck in NCLT cases, to act as a buffer, official sources said.
2020-02-23
Category: India, Delhi,Business/Economy
NCLT approves Adani Group's bid for Delhi's Aditya Estates
New Delhi, Feb 23 (IANS) The National Company Law Tribunal's (NCLT) principal bench has approved the Adani Group's acquisition bid for the Delhi-based Aditya Estates Pvt Ltd.
2020-02-23
Category: India, Delhi,Business/Economy
Garment exports ready to capture larger market share: AEPC
New Delhi, Feb 23 (IANS) Though Indias readymade garment exports showed a marginal increase in April 2019-January 2020 period, apparel exporters are confident of capturing a larger market share due to the renewed enthusiastic support of the government, the Apparel Export Promotion Council (AEPC) said in a statement on Sunday.
2020-02-23
Category: India, Delhi,Business/Economy
'Indo-Russian AI coop will reach level of strategic sectors soon'
Moscow, Feb 23 (IANS) Finnish-Russian digital solutions provider Zyfra said on Sunday that there are good prospects of cooperation in the field of industrial artificial intelligence (AI) that would take innovation, in some years, to the same level of cooperation seen in strategic sectors like defence and nuclear energy.
2020-02-23
Category: International, Russian Federation,Business/Economy,Technology
FinMin, DoT, Niti Aayog discuss options for relief to telcos
New Delhi, Feb 23 (IANS) With limited choices to balance the SC verdict and saving the telecom sector, officials of the Department of Telecommunications (DoT), the Finance Ministry and Niti Aayog on Sunday held a preliminary meeting to discuss relief measures for telecom industry, which is struggling amidst huge AGR dues, and listed some possible options.
2020-02-23
Category: India, Delhi,Business/Economy
SJVNL keen to tap power in Arunachal's LOhit basin
Shimla, Feb 23 (IANS) Hydropower major Satluj Jal Vidyut Nigam Ltd (SJVNL) has evinced interest in tapping electricity in Arunachal Pradesh's Lohit Basin.
2020-02-23
Category: India, Himachal Pradesh,Business/Economy
Bharti Infratel board to meet on Monday
New Delhi, Feb 22 (IANS) The Bharti Infratel board will meet on Monday to decide the future course of action after it received the Department of Telecommunication's (DoT) approval for foreign direct investment (FDI) for merger with Indus Towers, according to a filing to the stock exchange on Saturday.
2020-02-22
Category: India, Delhi,National,Business/Economy
FM asks G-20 to enhance global risk monitoring
New Delhi, Feb 22 (IANS) Finance Minister Nirmala Sitharaman on Saturday called upon the G-20 countries to enhance global risk monitoring and explore the scope for policy co-ordination to deal with such risks.
2020-02-22
Category: India, Delhi,Business/Economy
India must push for pro-biz policies to reach $5T economy: CEA
Kanpur, Feb 22 (IANS) India must fully implement pro-business policies that allow fair competition to push the country's economy towards the $5 trillion GDP mark, chief economic advisor Krishnamurthy Subramanian said on Saturday.
2020-02-22
Category: India, Uttar Pradesh,Business/Economy
FDI to be retail's next growth driver in India: Deloitte
New Delhi, Feb 22 (IANS) Pitching for increased foreign direct investment in multi brand retail sector, global management consulting firm Deloitte has said that the move would expand the share of organised retail in the country, thus contributing towards consumption-led growth of the economy.
2020-02-22
Category: India, Delhi,Business/Economy
DoT clears Bharti Infratel-Indus Tower merger deal: Sources
New Delhi, Feb 21 (IANS) The Department of Telecommunications on Friday approved the long-pending merger of Bharti Infratel with Indus Towers to help both telcos, particularly Vodafone Idea, to sell their stakes in the entity to raise funds.
2020-02-21
Category: India, Delhi,Business/Economy
Trai recommends new M&A norms for faster merger approvals
New Delhi, Feb 21 (IANS) Trai on Friday recommended that while both subscriber base and revenue are considered in determining marketshare for mobile and internet service providers, revenue should be taken into account in marketshare calculation for other services like national and international long distance telephony.
2020-02-21
Category: India, Delhi,Business/Economy
'PGCIL would not be liable to pay Rs 22,000 cr AGR payment'
New Delhi, Feb 21 (IANS) Non-telecom company PowerGrid Corporation of India Ltd (PGCIL), which has been asked by the DoT to pay Rs 22,000 crore AGR dues, would not be liable to make these payments, an analyst report said.
2020-02-21
Category: India, Delhi,Business/Economy
DoT launches '5G Hackathon' with Rs 2.5 cr prize money
New Delhi, Feb 21 (IANS) In its endeavour to identify and promote applications relevant to India in the 5G realm, the Department of Telecommunications (DoT) has launched '5G Hackathon' in association with a number of government, academia and industry stakeholders.
2020-02-21
Category: India, Delhi,Business/Economy,Technology
Flight crew, air traffic controllers to be tested for drugs
New Delhi, Feb 21 (IANS) The Directorate General of Civil Aviation (DGCA) will from now on test flight crew members and air traffic controllers for use of drugs.
2020-02-21
Category: India, Delhi,Business/Economy
UK-based IRM to help Indian entrepreneurs become risk-ready
New Delhi, Feb 21 (IANS) With an aim to help Indian entrepreneurs and companies become risk-ready, the Institute of Risk Management (IRM), the UK, has introduced its 5-Level Global ERM Qualifications in India.
2020-02-21
Category: India, Delhi,Business/Economy
Fiscal deficit as GDP percentage touched 4.56% in Dec: FinMin data
New Delhi, Feb 21 (IANS) Fiscal deficit as a percentage of GDP touched 4.56 per cent as of December 2019 with total receipts pegged at Rs 11.77 lakh crore against a higher expenditure of Rs 21.09 lakh crore, data of government accounts showed.
2020-02-21
Category: India, Delhi,Business/Economy
Revenue impact from trade agreements rises: Report
New Delhi, Feb 21 (IANS) The revenue impact on Centre's coffers from trade agreements increased by 35 per cent, despite a decline in imports, a research report showed.
2020-02-21
Category: India, Delhi,Business/Economy
Muthoot Finance raises $550mn from International Bond Market
New Delhi, Feb 21 (IANS) Muthoot Finance Ltd on Friday said it has raised $550 million from International Bond Markets for a 3.5-year tenor at 4.4%.
2020-02-21
Category: India, Delhi,Business/Economy
PreLoved Device acquires refurbished marketplace Overcart
New Delhi, Feb 20 (IANS) PreLoved Device on Thursday announced that it has acquired Overcart, India's first marketplace for refurbished products.
2020-02-20
Category: India, Delhi,Business/Economy
GMR Infra to sell 49% in airports arm to Groupe ADP
New Delhi, Feb 20 (IANS) GMR Infrastructure Ltd (GIL) has entered into a strategic partnership with France's Groupe ADP to sell 49 per cent stake in its airports arm for an equity consideration of Rs 10,780 crore.
2020-02-20
Category: India, Delhi,Business/Economy
Govt gets Rs 15,700 cr AGR, to send notice for remainder
New Delhi, Feb 20 (IANS) The government has received Rs 15,697 crore in AGR dues as on Thursday with the latest payment of Rs 1,000 crore by Vodafone Idea.
2020-02-20
Category: India, Delhi,Business/Economy
Govt releases Rs 19,950 crore GST compensation to states
New Delhi, Feb 20 (IANS) The Central government released Rs 19,950 crore as GST compensation cess to the states/UTs on last Monday, officials said.
2020-02-20
Category: India, Delhi,Business/Economy
Inter-ministerial panel on LIC listing shortly
New Delhi, Feb 20 (IANS) The government will set up an inter-ministerial group (IMG) with Secretaries from the Corporate Affairs, and Law Ministries as well as the Finance Ministry's three Secretaries to clear the initial issues on LIC listing shortly.
2020-02-20
Category: India, Delhi,Business/Economy
Vigilant on potential generalisation of inflationary pressures: MPC minutes
Mumbai, Feb 20 (IANS) The Reserve Bank of India's Monetary Policy Committee (MPC) has decided to remain vigilant about the potential generalisation of inflationary pressures as several factors such as higher telecom charges, among others, appear to be operating in concert.
2020-02-20
Category: India, Maharashtra,Business/Economy
US stocks open lower after Fed releases latest data
New York, Feb 20 (IANS) US stocks opened lower on Thursday as Wall Street digested the latest information that the Federal Reserve released.
2020-02-20
Category: International, United States,Business/Economy
Hindujas, Cerberus may pick up stakes in Yes Bank
Mumbai, Feb 20 (IANS) Cash-starved private lender Yes Bank may be rescued by the Hinduja Group as reports say that Gopichand Hinduja and Ashok Hinduja met Reserve Bank of India officials earlier this month regarding the bid.
2020-02-20
Category: India, Maharashtra,Business/Economy
'Co-living, co-working gets higher rents than traditional realty'
New Delhi, Feb 20 (IANS) Emerging real estate formats, co-living, student housing and co-working garner higher rental yields of 7-11 per cent, compared to 3 per cent yield in conventional housing, according to a report by CII and Anarock Property Consultants.
2020-02-20
Category: India, Delhi,Business/Economy
Prolonged COVID-19 outbreak to impact Indian industry: CRISIL
New Delhi, Feb 20 (IANS) Any prolonged outbreak of the deadly coronavirus (COVID-19) will impact Indian industry which will face serious disruptions, ratings agency CRISIL said.
2020-02-20
Category: India, Delhi,Business/Economy
Sawra Kuddu project will start generation by April
Shimla, Feb 20 (IANS) The first unit of 111 MW Sawra Kuddu Hydroelectric Project in Himachal Pradesh's Shimla district will start generating power by April, state-run Himachal Pradesh Power Corporation Ltd (HPPCL) said on Thursday.
2020-02-20
Category: India, Himachal Pradesh,Business/Economy
Sanyal cautions against stringent regulations on NBFCs
New Delhi, Feb 20 (IANS) Principal Economic Adviser Sanjeev Sanyal has cautioned against stringent regulations on non-banking financial companies (NBFC), saying it may lead to a shortage of capital towards a "significant" part of the economy.
2020-02-20
Category: India, Delhi,Business/Economy
CRISIL downgrades Vodafone Idea's Rs 3,500 cr NCD
New Delhi, Feb 20 (IANS) Rating agency CRISIL has downgraded Vodafone Idea's Rs 3,500 crore debt paper in view of lower likelihood of any relief from the government.
2020-02-20
Category: India, Delhi,Business/Economy
Madhabi Puri, 3 secretaries in race for SEBI chairman
New delhi, Feb 20 (IANS) The race for SEBI chairman has picked momentum with the current whole-time member of the market regulator Madhabi Puri Buch leading the race as the current incumbent Ajay Tyagi will demit office on February 28.
2020-02-20
Category: India, Delhi,Business/Economy
Mizoram CM presents tax-free Rs 10,715 crore budget
Aizawl, Feb 19 (IANS) Mizoram Chief Minister Zoramthanga on Wednesday presented a tax-free budget with an outlay of Rs 10,715 crore for 2020-21.
2020-02-19
Category: India, Mizoram,Business/Economy,Politics
IRSDC launches 4 new facilities at Anand Vihar station
New Delhi, Feb 19 (IANS) The Railways on Wednesday inaugurated four new passenger amenities at Anand Vihar Terminal Railway Station, including 'Dava Dost', a generic medicine shop offering upto 80 per cent discount on medicines.
2020-02-19
Category: India, Delhi,Business/Economy
Fitch sees tough operating environment for Indian FIs
Mumbai, Feb 19 (IANS) India's financial institutions would continue to face difficult operating environment amid the macro-economic slowdown and weak funding conditions, Fitch Ratings said here on Wednesday.
2020-02-19
Category: India, Maharashtra,Business/Economy
ONGC not affected from economic slowdown, coronavirus: CMD
Agartala, Feb 19 (IANS) Despite economic slowdown and affect in the industrial growth due to the coronavirus outbreak in China and other countries, the business and investment of the Government-run Oil and Natural Gas Corporation (ONGC) did not affect, ONGC CMD Shashi Shanker said on Wednesday.
2020-02-19
Category: India, Tripura,Business/Economy
Facebook invests in Indian education startup Unacademy
Bengaluru, Feb 19 (IANS) Social media giant Facebook on Wednesday joined General Atlantic, Sequoia India and others for a fresh $110 million round of funding into one of India's fastest growing education technology start-up Unacademy.
2020-02-19
Category: India, Karnataka,Business/Economy,Technology
CCEA nod for scheme for 10,000 FPOs
New Delhi, Feb 19 (IANS) The Cabinet Committee on Economic Affairs (CCEA) on Wednesday gave its approval for a scheme for the formation of 10,000 Farmer Producer Organizations (FPOs) in five years to ensure economies of scale for farmers.
2020-02-19
Category: India, Delhi,Business/Economy