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Headline
Lockdown restrictions for IT, ITES units in Chennai relaxed
Chennai, July 9 (IANS) The Tamil Nadu government on Thursday slightly relaxed the Covid-19 lockdown conditions for information technology (IT) and IT Enabled Services (ITES) companies.
2020-07-09
Category: India, Tamil Nadu,National,Business/Economy
Setback for Tatas, Adani, Essar as Guj axes compensatory tariff
New Delhi, July 9 (IANS) In a setback for the imported coal-based projects of Tatas, Adanis and the Essar Group, the Gujarat Cabinet has reversed its November 2018 decision on compensatory tariff to these mega projects for offsetting higher fuel cost.
2020-07-09
Category: India, Delhi,Business/Economy
India-UAE special repatriation flights to begin July 12
New Delhi, July 9 (IANS) The civil aviation authorities of India and the UAE have agreed to operate special repatriation flights between the two countries during July 12-26.
2020-07-09
Category: India, Delhi,Business/Economy
PNB Board approves plan to raise Rs 10,000 cr
New Delhi, July 9 (IANS) The Board of Punjab National Bank (PNB) on Thursday approved the proposal to raise up to Rs 10,000 crore through equity and debt.
2020-07-09
Category: India, Delhi,Business/Economy
Finance stocks, global cues lift Indian stock market
Mumbai, July 9 (IANS) The key Indian equity indices were back with a rally on Thursday, led by healthy buying in finance and banking stocks.
2020-07-09
Category: India, Maharashtra,Business/Economy
SEBI revises shareholding limit for exchanges in IFSCs
New Delhi, July 9 (IANS) In a bid to streamline the operations of international financial services centres (IFSC), the Securities and Exchanges Board of India (SEBI) on Thursday said that it has revised the eligibility and shareholding limit for stock exchanges desirous of operating in IFSCs.
2020-07-09
Category: India, Delhi,Business/Economy
RIL, BP launch fuel and mobility joint venture
New Delhi, July 9 (IANS) Reliance Industries Ltd (RIL) and British Petroleum (BP) on Thursday announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML).
2020-07-09
Category: India, Delhi,Business/Economy
Yes Bank case: ED attaches Rs 2,203 cr assets of Kapoor, others
New Delhi, July 9 (IANS) The Enforcement Directorate (ED) has attached Rs 2,203 crore assets of Yes Bank founder Rana Kapoor, his family, Dewan Housing Finance Ltd (DHFL) promoters and others under the Prevention of Money Laundering Act (PMLA) in the Rs 3,700 crore fraud case, officials said on Thursday.
2020-07-09
Category: India, Delhi,Business/Economy,Crime/Disaster/Accident
Emirates lays off more pilots, cabin crew
New Delhi, July 9 (IANS) Continuing the streamlining process of its workforce amid tough times for the aviation industry, Emirates Airlines has again laid off more employees, including pilots and cabin crew, sources said.
2020-07-09
Category: India, Delhi,Business/Economy
ixigo reinstates salaries, grants discounted ESOPs to employees
New Delhi, July 9 (IANS) Online travel aggregator ixigo has reinstated salaries and granted deeply discounted employee stock ownership plan, or ESOPs, to all its employees to compensate for the pay cuts made during the last three months.
2020-07-09
Category: India, Delhi,Business/Economy,Technology
SEBI asks investment advisers to choose between sale or advise
New Delhi, July 9 (IANS) Investment advisers can either distribute financial products or advise on them to investors, but cannot do both, as per Markets regulator SEBI.
2020-07-09
Category: India, Delhi,Business/Economy
Good response from global investors to commercial coal mine auctions
New Delhi, July 9 (IANS) The government's big bang reform initiative of opening up the country's coal sector for commercial mining by the private sector seems to be getting good response from investors, even in a difficult economic environment where businesses are cutting corners just to remain afloat.
2020-07-09
Category: India, Delhi,Business/Economy
Delhi a city of opportunities: Sisodia to investors
New Delhi, July 9 (IANS) Delhi Deputy Chief Minister Manish Sisodia on Thursday asserted that capital's GDP has doubled in the past seven years and its per capita income is three times the national average.
2020-07-09
Category: India, Delhi,National,Business/Economy,Politics
Mastercard commits Rs 250 cr to support SMEs in India
New Delhi, July 9 (IANS) Mastercard on Thursday committed Rs 250 crore to help Indian small and business enterprises recover in view of the severe impact of the pandemic.
2020-07-09
Category: India, Delhi,Business/Economy
JLR's June retail sales fall 25% amid pandemic
New Delhi, July 9 (IANS) Jaguar Land Rover on Thursday reported a 24.9 per cent drop in its retail sales in June at 35,334 vehicles due to severe impact of the coronavirus pandemic.
2020-07-09
Category: India, Delhi,Business/Economy
Non-life insurance sector posts 4.24% negative growth in Q1
Chennai, July 9 (IANS) The non-life insurance industry has logged a degrowth of 4.24 per cent during the first quarter of the current fiscal, said the sectoral regulator on Thursday.
2020-07-09
Category: India, Tamil Nadu,Business/Economy
Govt mobile app services may help raise efficiency 80%
New Delhi, July 9 (IANS) Use of mobile applications in public services, offered by the central and the state governments, can help increase efficiency of administrative processes by 80 per cent, according to a report by the India Cellular and Electronics Association (ICEA) and the KPMG India.
2020-07-09
Category: India, Delhi,Business/Economy,Technology
Yes Bank case: ED attaches Rs 2,203 cr assets of Rana Kapoor, others
New Delhi, July 9 (IANS) The Enforcement Directorate (ED) has attached Rs 2,203 crore assets of Yes Bank founder Rana Kapoor, his family, Dewan Housing Finance (DHFL) promoters and others under the Prevention of Money Laundering Act (PMLA) in the Rs 3,700 crore fraud case, according to officials, here on Thursday.
2020-07-09
Category: India, Delhi,Business/Economy
'Aatmanirbhar Bharat not self-containment': PM assures global investors
New Delhi, July 9 (IANS) Inviting global companies and investors to India amid his government's push for import substitution and a self-reliant India, Prime Minister Narendra Modi on Thursday said that the call for an 'Aatmanirbhar Bharat' is not about being self-contained or being closed to the world.
2020-07-09
Category: India, Delhi,Business/Economy,Politics
WhatsApp Business hits 50mn users globally, 15mn in India
New Delhi, July 9 (IANS) With the Covid-19 disruptions bringing more businesses online, WhatsApp Business has reached a new milestone of 50 million monthly users globally with almost a third of them being in India, the Facebook-owned platform said on Thursday.
2020-07-09
Category: India, Delhi,Business/Economy,Technology
Divestment seen behind scrapping of general insurers' merger
Chennai, July 9 (IANS) While employees of the three public sector non-life insurers are baffled at the Centre's U turn by scrapping the proposal to merge them, a labour leader termed the decision as a step towards disinvestment.
2020-07-09
Category: India, Tamil Nadu,National,Business/Economy,Politics
Flipkart Group invests Rs 260 crore in Arvind Fashions' arm
Bengaluru, July 9 (IANS) The Flipkart Group on Thursday announced it has invested Rs 260 crore to purchase a significant minority stake in Arvind Youth Brands, a subsidiary of Arvind Fashions (AFL).
2020-07-09
Category: India, Karnataka,Business/Economy,Technology
Funskool bets on toy exports, plans foldable table for kid
Chennai, July 9 (IANS) Indian toy major Funskool (India) Ltd hoping to increase its toy exports during the current year will soon be launching a foldable wooden table which would be a child's own workstation, said a top company official.
2020-07-09
Category: India, Tamil Nadu,Business/Economy
49% Indians want Chinese firms to sell goods, with data security (Ld)
New Delhi, July 9 (IANS) A survey has found that around 49 per cent of its respondents feel that Chinese companies should be allowed to sell products in India, but they want their data to be placed in India and should be transferred to the companies' China headquarters.
2020-07-09
Category: India, Delhi,Business/Economy
Oil & Gas: OMCs set to start FY21 with a bang in Q1
New Delhi, July 9 (IANS) The Covid-19 demand suppression in early part of the year is likely to abate for oil marketing companies, now with state-run companies -- IOC, HPCL and BPCL making a strong beginning to FY21 returning high levels of earnings per share between 37 and 266 per cent in three months, ICICI Securities has said in a report.
2020-07-09
Category: India, Delhi,Business/Economy
Samsung to make all Smart Watches in India, unveils 1st desi device
Gurugram, July 9 (IANS) Announcing that it will make the entire portfolio of its Smart Watches in India, Samsung India on Thursday launched the first 'Make in India Galaxy Watch Active2 4G (aluminium edition) for Rs 28,490.
2020-07-09
Category: India, Haryana,Business/Economy,Technology
Saudi Arabia limits expat repatriation plan
Riyadh, July 9 (IANS) A Saudi initiative facilitating return home for expatriates, stranded by travel restrictions due to the novel coronavirus, is restricted to legal residents, authorities have said.
2020-07-09
Category: International, Saudi Arabia,Business/Economy
Bids for Ladakh solar project may see 1st Indian action against Chinese firms
New Delhi, July 9 (IANS) The deadly border conflict between India and China in the Ladakh region is now setting the ground for a first set of restrictions that India proposes to impose on imports from the Asian giant.
2020-07-09
Category: India, Delhi,Business/Economy
9% Indians want Chinese firms to sell goods, with data security
New Delhi, July 9 (IANS) A survey has found that around 49 per cent of its respondents feel that Chinese companies should be allowed to sell products in India but they want their data to be placed in India and should be transferred to the companies' China headquarters.
2020-07-09
Category: India, Delhi,Business/Economy
Yogi govt approves new start-up policy
Lucknow, July 9 (IANS) The Yogi Adityanath government in Uttar Pradesh has approved the UP-Start-up Policy 2020 to promote fledgling units in various areas including agriculture, health, power, education, tourism and transport.
2020-07-09
Category: India, Uttar Pradesh,National,Business/Economy,Politics
Navtez Bal to lead Microsoft's public sector business in India
New Delhi, July 9 (IANS) Microsoft has appointed former McKinsey & Company executive Navtez Bal to lead its public sector business in India.
2020-07-09
Category: India, Delhi,Business/Economy,Technology
Petrol and diesel prices again go a momentary pause
New Delhi, July 9 (IANS) Auto fuel prices have again gone a momentary pause with oil marketing companies keeping the pump prices of petrol and diesel unchanged on Thursday.
2020-07-09
Category: India, Delhi,Business/Economy
Access all Oracle Cloud services on-premises, starting from $500K a month
San Francisco, July 9 (IANS) Cloud major Oracle has launched a dedicated fully-managed service for enterprise customers running workloads on-premises that starts from $500,000 a month which, according to the company, is a small fraction of what customers to pay for a one-off region from other cloud providers.
2020-07-09
Category: International, Costa Rica,Business/Economy,Technology
Yes Bank's Rs 15K cr further public offering opens on July 15
Mumbai, July 9 (IANS) Yes Bank has filed a red herring prospectus for its further public offering (FPO) to raise up to Rs 15,000 crore.
2020-07-09
Category: India, Maharashtra,Business/Economy
Sensex gains 250 points tracking Asian markets
Mumbai, July 9 (IANS) The key Indian equity indices rose over 250 points on Thursday morning in line with a positive trend in the Asian indices.
2020-07-09
Category: India, Maharashtra,Business/Economy
Microsoft goes after app-based consent phishing attacks in Cloud
San Francisco, July 9 (IANS) As app-based consent phishing grows multifold on Cloud services, Microsoft has said it will double down on its investments and efforts to ensure its application ecosystem is secure, by enabling customers to set policies on the types of apps users can consent to as well as highlighting apps that come from trusted publishers.
2020-07-09
Category: International, Costa Rica,Business/Economy,Technology,Defence/Security
Sit with colleagues in same room with Microsoft Teams, share emojis
Sam Francisco, July 9 (IANS) Microsoft has announced new exciting features in its video conferencing app Teams including a Together Mode that uses artificial intelligence (AI) to digitally place participants in a shared background, as if they are sitting in the same room with everyone else in the meeting or class.
2020-07-09
Category: India, New Delhi,Business/Economy,Technology
Twitter plans new paid subscription service, shares up
San Francisco, July 9 (IANS) Twitter has hinted that it is planning a paid subscription platform that can be reused by other teams in the future.
2020-07-09
Category: International, Costa Rica,Business/Economy,Technology
US dollar dips as risk-averse sentiment eases
New York, July 9 (IANS) The US dollar weakened in late trading on Wednesday as safe-haven demand reduced amid momentum in riskier assets. The dollar index, which measures the greenback against six major peers, was down 0.45 per cent at 96.4337.
2020-07-09
Category: International, United States,Business/Economy
'Empirical data suggests air travel safest mode of transport'
New Delhi, July 9 (IANS) Empirical data has shown that air travel is the safest and fastest mode of transport, a senior official said on Wednesday.
2020-07-09
Category: India, Delhi,Business/Economy
Net inflow to equity MFs plunges 95% in June
Mumbai, July 8 (IANS) Likely profit booking led to a plunge of over 95 per cent in net investments into equity mutual funds schemes in June, compared to May.
2020-07-08
Category: India, Maharashtra,Business/Economy
CBDT, SEBI sign MoU for data exchange
New Delhi, July 8 (IANS) The Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) on Wednesday signed a Memorandum of Understanding (MoU) for data exchange between the two organisations.
2020-07-08
Category: India, Delhi,Business/Economy
Tower infra industry seeks urgent resolution of issues
New Delhi, July 8 (IANS) Tower and Infrastructure Providers Association (TAIPA) has written to Telecommunications Secretary Anshu Prakash to urgently intervene and resolve the issues faced by the industry as the strain on the sector has also increased in the past few months amid the pandemic.
2020-07-08
Category: India, Delhi,Business/Economy
BSES 'geared up' for seamless power supply in Delhi in monsoon
New Delhi, July 8 (IANS) Power distribution company (discom) BSES on Wednesday said that it was geared up to ensure incident-free power supply to its over 44 lakh consumers in the national capital and issued an advisory to the public on adopting simple safety precautions during the rainy season, including maintaining "social distancing" from electricity infrastructure.
2020-07-08
Category: India, Delhi,Business/Economy
Indian tech co settles allegations it discriminated against Whites
New York, July 8 (IANS) An Indian technology company has settled allegations that it discriminated against White applicants in favour of Asians by paying back wages and agreeing to meet legal non-discrimination requirements, according to the federal Labour Department.
2020-07-08
Category: International, United States,Business/Economy,Immigration/Law/Rights
Sensex snaps 5-day rally on profit booking, weak global cues (2nd Ld)
Mumbai, July 8 (IANS) The Indian stock market broke its five-day gaining streak with a last-hour plunge as traders took to profit booking on Wednesday.
2020-07-08
Category: India, Maharashtra,Business/Economy
Tata group sole contender for Air India
New Delhi, July 8 (IANS) The Tata group is the only bidder in the fray for national carrier Air India with just a month left for the final bidding date.
2020-07-08
Category: India, Delhi,Business/Economy
SBI okays up to Rs 1,760 cr investment in Yes Bank's FPO
Mumbai, July 8 (IANS) The State Bank of India (SBI), on Wednesday, said that its Executive Committee of Central Board (ECCB) has approved an investment of up to Rs 1,760 crore in the Yes Bank's further public offering (FPO).
2020-07-08
Category: India, Maharashtra,Business/Economy
Bengal govt fighting counterfeiting amid pandemic: Minister
New Delhi, July 8 (IANS) West Bengal Minister in-charge for Consumer Affairs, Sadhan Pande, has said that counterfeiting and smuggling are two major economic crimes across the globe and the state government is making extra efforts to combat such crimes amid the coronavirus pandemic.
2020-07-08
Category: India, Delhi,Business/Economy
Nestle launches virtual internship programme amid Covid
New Delhi, July 8 (IANS) Nestle India on Wednesday announced the launch of a virtual internship programme, 'Nenternship'. The programme will focus on upskilling around 1,000 young people.
2020-07-08
Category: India, Delhi,Business/Economy