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Headline
Man who bought takeway restaurant in Milton Keynes wins Indian Restaurant of the Year title: Report
London, June 18 (IANS) A man who launched his career in a back street of Milton Keynes has scooped the prestigious Indian Restaurant of the Year title and topped TripAdvisors customer ratings chart, Milton Keynes UK reported.
2021-06-18
Category: International, United Kingdom,National,Business/Economy
ShareChat announces its 1st ESOP buyback worth Rs 140 cr
New Delhi, June 18 (IANS) Social media platform ShareChat on Friday announced its first ESOP buyback programme worth $19.1 million (nearly Rs 140 crore) and all eligible employees can sell upto 100 per cent of their vested ESOPs at its present stock valuation.
2021-06-18
Category: India, Delhi,Business/Economy,Technology
Sensex tumbles 650 points; metal, oil & gas lead selloff
Mumbai, June 18 (IANS) The key Indian equity indices slumped on Friday with the BSE Sensex losing over 650 points.
2021-06-18
Category: India, Maharashtra,Business/Economy
Iraq signs deal to drill 96 oil wells
Baghdad, June 18 (IANS) Iraq has signed a contract to drill 96 oil wells in the West Qurna-1 oil field located in the southern province of Basra to raise the production, according to a statement by the Ministry of Oil.
2021-06-18
Category: International, Iraq,Business/Economy
Hiked again, petrol nears century mark pan-India
New Delhi, June 18 (IANS) Fuel prices increased again across the country on Friday adding more misery to common man's woe, as he already grapples with rising food prices amid shrinking income.
2021-06-18
Category: India, Delhi,Business/Economy
S Korea acts against Huawei, Samsung for false equipment records
Seoul, June 18 (IANS) South Korea's ICT ministry said has revoked conformity assessments on around 1,700 pieces of communications equipment from nearly 400 companies, including Huawei Technologies and tech giant Samsung Electronics, after they submitted falsified test records.
2021-06-18
Category: International, South Korea,Business/Economy,Technology
Covid-hit Karnataka trade and industry seeks relief package
Bengaluru, June 17 (IANS) Reeling under heavy losses due to Covid-induced extended lockdown and restrictions, the Karnataka trade and industry on Thursday sought a special relief package of Rs 20,000 crore from the state government to recover and survive from the pandemic.
2021-06-17
Category: India, Karnataka,Business/Economy
RBI to conduct auction for GoI securities conversion on June 21
Mumbai, June 17 (IANS) The Reserve Bank of India will conduct the conversion or switch of Government of India (GoI) securities, through auction, on June 21.
2021-06-17
Category: India, Maharashtra,Business/Economy
Karnataka seeks defence technology hubs in state
Bengaluru, June 17 (IANS) Karnataka is planning to set up defence technology hubs in the state, leveraging the presence of major defence research labs and aerospace firms, state Industries Minister Jagadish Shettar said on Thursday.
2021-06-17
Category: India, Karnataka,Business/Economy,Defence/Security,Politics
Sale of pre-owned phones on rise in India amid pandemic: Report
New Delhi, June 17 (IANS) Covid-19 has pushed people to buy a second gadget for work from home and educational purposes, leading a surge in the pre-owned smartphone market in India, according to a report.
2021-06-17
Category: India, Delhi,Business/Economy,Technology
HSBC India pledges Rs 15 cr Covid relief for Mumbai's 'Dabbawalas'
New Delhi, June 17 (IANS) HSBC India on Thursday announced that it is pledging financial assistance to the tune of Rs 15 crore to support dabbawalas in Mumbai.
2021-06-17
Category: India, Delhi,Business/Economy
Indian ultra-HNIs likely to invest $30 bn in tech start-ups by 2025
Mumbai, June 17 (IANS) Indian ultra high net worth individuals (UHNI) are likely to invest up to $30 billion in tech start-ups in India by 2025.
2021-06-17
Category: India, Maharashtra,Business/Economy,Technology
Microfinance sector witnesses recovery in Q4 FY21: Report
New Delhi, June 17 (IANS) The microfinance sector in India witnessed recovery in the books in the fourth quarter of FY21, with a quarter-on-quarter (QoQ) growth of 10 per cent, according to the CRIF MicroLend report.
2021-06-17
Category: India, Delhi,Business/Economy
Tourism, hospitality bodies urge CMs for relief amid pandemic
Mumbai, June 17 (IANS) The Federation of Associations in Indian Tourism & Hospitality (FAITH) has reached out to the Chief Ministers of all the states for 'proportionate relief' on statutory obligations to the pandemic-hit tourism industry, among other measures.
2021-06-17
Category: India, Maharashtra,Business/Economy
NPPA asks drug makers to ensure GST cuts passed on to consumer
New Delhi, June 17 (IANS) In order to ensure the cuts in GST rates of essential Covid-19 drugs and other medications is passed on to consumers, the National Pharmaceutical Pricing Authority has directed all pharma manufacturing and marketing companies to revise the maximum retail price (MRP) on drugs and formulations immediately taking into effect the reduced tax rate.
2021-06-17
Category: India, Delhi,Business/Economy,Health/Medicine
Fed Shock: Equities fall as FIIs flight feared, banking stocks slide (Roundup)
Mumbai, June 17 (IANS) Fears of foreign funds exiting India along with expectations of lower consumer sentiment due to Covid pulled India's stock markets lower on Thursday.
2021-06-17
Category: India, Maharashtra,Business/Economy
Mercedes-Benz India launches seventh generation of S-Class
New Delhi, June 17 (IANS) Luxury car manufacturer Mercedes-Benz on Thursday launched the seventh generation of its flagship limousine, the S-Class, in India.
2021-06-17
Category: India, Delhi,Business/Economy
Domestic YoY air passenger traffic zooms in May
New Delhi, June 17 (IANS) Low base effect, due to Covid restrictions in 2020, pushed India's domestic air passenger traffic higher in May 2021.
2021-06-17
Category: India, Delhi,Business/Economy
Vishal Sikka's AI platform Vianai Systems raises $140M
Bengaluru, June 17 (IANS) Human-Centered AI platform and products company Vianai Systems, founded by former Infosys CEO Vishal Sikka, on Thursday announced it has raised $140 million in a Series B round from SoftBank Vision Fund 2 and other industry players.
2021-06-17
Category: India, Karnataka,Business/Economy
Venus Remedies wins 10-year battle against French firm
Chandigarh, June 17 (IANS) In a historical breakthrough for the pharmaceutical industry, Venus Remedies Ltd has won a 10-year long legal battle that challenged patent claimed by French firm SCR Pharmatop for producing the intravenous paracetamol solution in India.
2021-06-17
Category: India, Punjab,Business/Economy
Jet Airways shareholders reject financial results for FY20
Mumbai, June 17 (IANS) Shareholders of Jet Airways have rejected the financial results of the company for the financial year 2019-20.
2021-06-17
Category: India, Maharashtra,Business/Economy
Flipkart, Amazon challenge court order on CCI probe: Report
New Delhi, June 17 (IANS) Walmart Incs Flipkart and Amazon.com Inc have filed legal challenges against the resumption of an antitrust investigation into their business practices, a global news wire reported.
2021-06-17
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
Jindal Stainless sends 150 ventilators to Odisha, Haryana
New Delhi, June 17 (IANS) India's largest stainless steel manufacturer, Jindal Stainless has facilitated the supply of 150 ventilators to the Haryana and Odisha governments, in continuation to steps taken by it to combat and minimise the spread and impact of Covid-19.
2021-06-17
Category: India, Delhi,Business/Economy,Health/Medicine
Can OnePlus-OPPO take on market leader Xiaomi in India?
New Delhi, June 17 (IANS) With smartphone brands OnePlus and OPPO -- both part of the China-based conglomerate BBK Group -- deciding to integrate their businesses, the move has not surprised industry experts as it will only mean leveraging each other's capabilities in a more deeper and meaningful way, in order to take on behemoth like Xiaomi that has kept top position in the domestic smartphone market for several years in a row.
2021-06-17
Category: India, Delhi,Business/Economy,Technology
Exim Bank extends $100 mn line of credit to Sri Lankan government
Chennai, June 17 (IANS) The Export-Import Bank of India (Exim Bank) on Thursday said it has extended a $100 million line of credit to the Sri Lankan government.
2021-06-17
Category: India, Tamil Nadu,Business/Economy,Diplomacy,Indo-Pak/Pakistan
T-Hub announces 2nd batch of funding programme for startups
Hyderabad, June 17 (IANS) T-Hub, which leads India's pioneering innovation ecosystem, on Thursday announced the launch of its redesigned funding programme T-Angel to cater to the startups funding needs amid the Covid-19 pandemic.
2021-06-17
Category: India, Andhra Pradesh,Business/Economy
Google Cloud VMware Engine now available in India
New Delhi, June 17 (IANS) Google Cloud VMware Engine is now available in India for enterprises looking to migrate their VMware environments to the cloud and advance their digital transformation journeys, the company announced on Thursday.
2021-06-17
Category: India, Delhi,Business/Economy,Technology
Del Monte launches packaged 'King Coconut Water' in India
New Delhi, June 17 (IANS) Packaged foods brand Del Monte has announced the launch of its packaged 'King Coconut Water' in India.
2021-06-17
Category: India, Delhi,Business/Economy
Covid Response: Better prepared to handle pandemic's impact says HMSI (IANS Special)
New Delhi, June 17 (IANS) Two-wheeler major Honda Motorcycle & Scooter India is confident to overcome the economic turbulence unleashed by Covid's second wave.
2021-06-17
Category: India, Delhi,Business/Economy
India's online casual gaming segment to grow at 29% CAGR
New Delhi, June 17 (IANS) The online casual gaming segment in India is projected to grow at 29 per cent Compound Annual Growth Rate (CAGR) during FY21-25 to reach Rs 169 billion, according to a report by KPMG in India.
2021-06-17
Category: India, Delhi,Business/Economy
U.P emerges as top investment destination
Lucknow, June 17 (IANS) Uttar Pradesh is emerging as a top investment destination in the country with 98 investment proposals worth Rs 13,408.19 crore (over Rs 134 billion) having been received in the manufacturing sector during the past three and a half years.
2021-06-17
Category: India, Uttar Pradesh,Business/Economy
Serious allegations raised with respect to Siva Industries and Holdings case: Report
New Delhi, June 17 (IANS) Some serious allegations and questions have been raised with respect to the Siva Industries and Holdings case that has grabbed the limelight because public sector banks have agreed to settle with the promoter of Siva Industries a huge loan of Rs. 4,863 crore at just Rs 323 crores with a recovery of only 6.5 per cent, Zee Biz reported.
2021-06-17
Category: India, Delhi,Business/Economy
CII pegs India's FY22 GDP growth at 9.5%
New Delhi, June 17 (IANS) Industry body CII on Thursday pegged India's GDP growth rate for 2021-22 at 9.5 per cent.
2021-06-17
Category: India, Delhi,Business/Economy
CARS24 bets big on intl. expansion after UAE, Australia
New Delhi, June 17 (IANS) E-commerce platform CARS24, is set to disrupt the used automobile ecosystem around the globe by looking to strengthen its international operations through business forays in Southeast Asian and Middle East countries this year with a war chest of $100 million.
2021-06-17
Category: India, Delhi,Business/Economy
Cables and wires segment's growth to continue: Ind-Ra
New Delhi, June 17 (IANS) The cables and wires industry's growth is expected to continue during the next decade backed by urbanisation, higher infrastructure spend, increase in electrification and data communication, said India Ratings and Research (Ind-Ra).
2021-06-17
Category: India, Delhi,Business/Economy
PLI scheme to help India become Aatmanirbhar in APIs : ICRA
New Delhi, June 17 (IANS) The government's production-linked incentive (PLI) schemes for key raw materials such as bulk drugs and formulations, with a total incentive outlay of Rs 210 billion will help the country become Aatmanirbhar, ratings agency ICRA said.
2021-06-17
Category: India, Delhi,Business/Economy
TVS Motor launches TVS iQube Electric at Rs 1.15L in Chennai
Chennai, June 17 (IANS) Two and three wheeler maker TVS Motor Company Ltd on Thursday announced the launch of its electric scooter here.
2021-06-17
Category: India, Tamil Nadu,Business/Economy,Environment/Wildlife
Kotak Life estimates Q1 loss of Rs 225-275 cr
New Delhi, June 17 (IANS) Kotak Mahindra Life Insurance Company expects to incur a loss in the range of Rs 225 crore to Rs 275 crore on the shareholders account in the April-June quarter.
2021-06-17
Category: India, Delhi,Business/Economy
Rising solar PV module prices near term headwind: ICRA
New Delhi, June 17 (IANS) The increase in imported photovoltaic (PV) module price level by about 15-20 per cent is likely to impact returns of solar power project developers, ratings agency ICRA said.
2021-06-17
Category: India, Delhi,Business/Economy,Environment/Wildlife
Edible oil prices down up to 20% in certain categories, says govt
New Delhi, June 17 (IANS) Prices of edible oil are showing a declining trend across a wide array of oils, the Food and Consumer Affairs Ministry said on Wednesday.
2021-06-17
Category: India, Delhi,Business/Economy
Karnataka to use Israeli technologies to boost horticulture
Bengaluru, June 17 (IANS) Under the Indo-Israel agriculture project, Karnataka would use Israeli technologies to increase horticulture production in the southern state, an official said on Wednesday.
2021-06-17
Category: India, Karnataka,Business/Economy,Politics
Cautious optimism returning to India's economy: RBI
Mumbai, June 16 (IANS) Cautious optimism has started to return to India's economy which was heavily battered by Covid 2.0, the Reserve Bank of India said on Wednesday.
2021-06-16
Category: India, Maharashtra,Business/Economy
ADB to loan $484 mn to upgrade road network in TN industrial corridor
New Delhi, June 16 (IANS) The Asian Development Bank (ADB) and the Indian government on Wednesday signed an agreement for a $484 million loan to improve transport connectivity and facilitate industrial development in the Chennai-Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu.
2021-06-16
Category: India, Delhi,Business/Economy,Diplomacy
TKM introduces 'door delivery' of auto parts
New Delhi, June 16 (IANS) Automobile manufacturer Toyota Kirloskar Motor (TKM) has introduced a new service offering 'Door Delivery of genuine auto parts.
2021-06-16
Category: India, Delhi,Business/Economy
German battery market up 35 pct last year despite pandemic
Berlin, June 16 (IANS) The German battery market grew 35 per cent to 5.9 billion euros (7.2 billion US dollars) last year, faster than in 2019, the German Electrical and Electronic Manufacturers' Association (ZVEI) said on Wednesday.
2021-06-16
Category: International, Germany,Business/Economy,Politics
Disclosures to be mandatory for debt securities of listed entities
New Delhi, June 16 (IANS) In a major move towards curbing insider trading, the Securities and Exchange Board of India (SEBI) has decided to include the listed debt securities of equity listed companies under the purview of "System Driven Disclosures".
2021-06-16
Category: India, Delhi,Business/Economy
OnePlus merges with OPPO to create better products
New Delhi, June 16 (IANS) With an aim to create better products, global smartphone brand OnePlus on Wednesday announced that it has decided to further integrate with its sister smartphone brand OPPO.
2021-06-16
Category: India, Delhi,Business/Economy,Technology
Growth of Indian consumer credit market to outrun major economies
New Delhi, June 16 (IANS) India's credit ecosystem remains resilient despite the pandemic and the consumer credit market is projected to grow at a higher rate than most major economies globally, according to a report by Experian and Invest India.
2021-06-16
Category: India, Delhi,Business/Economy
J&K Bank to raise Rs 150 crore by issuing shares to employees
Srinagar, June 16 (IANS) The Jammu and Kashmir Bank said on Wednesday that it has decided to raise Rs 150 crore by issuing shares to its employees under the employee stock purchase scheme.
2021-06-16
Category: India, Jammu And Kashmir,Business/Economy
Adani Total up 921%, Adani Enterprises up 890% vs 60% for Nifty in last 1 year
New Delhi, June 16 (IANS) Adani Total Gas went up by 921 per cent while Adani Enterprises went up by 890 per cent in the last one year compared to 60.7 per cent return for the NSE Nifty index, as per Trendlyne data.
2021-06-16
Category: India, Delhi,Business/Economy