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Headline
Ethiopian Belihu, Kenyan Tirop win TCS 10K marathon
Bengaluru, May 19 (IANS) Ethiopian Andamlak Belihu and Kenya's Agnes Tirop won the men's and women's titles in the TCS World 10K marathon run in this tech hub on Sunday.
2019-05-19
Category: India, Karnataka,Sports,Business/Economy
Orix Corp intends to buy out IL&FS Wind Energy's assets
New Delhi, May 19 (IANS) Orix Corporation of Japan, owner of 49 per cent stake in the seven operating wind power plants (SPVs) of the IL&FS Group, has expressed its intent to buy out the remaining 51 per cent stake held by IL&FS Wind Energy Ltd.
2019-05-19
Category: India, Delhi,Business/Economy
IBS to acquire Canadian aviation software major
Thiruvananthapuram, May 19 (IANS) In an attempt to step up its efforts to become a major technology provider in the global aviation industry, Technopark-headquartered IBS Software has entered into a multi-million-dollar agreement with Massachusetts-based Kronos Incorporated to acquire AD OPT.
2019-05-19
Category: India, Kerala,Business/Economy
MCA sees Rs 2.8 lakh cr recovery from IBC-led resolution process
New Delhi, May 19 (IANS) Terming the current insolvency process and its outcomes as 'super success, Ministry of Corporate Affairs sees total recovery amount touching Rs 2.8 lakh crore through resolutions with the settlement of two key accounts, including some others -- Essar Steel, where financial creditors have approved the resolution and Bhushan Steel and Power.
2019-05-19
Category: India, Delhi,Business/Economy
India needs few mega banks to to compete globally: CEA
New Delhi, May 19 (IANS) Batting for PSU banks' consolidation, chief economic advisor Krishnamurthy V Subramanian has said having a few good banks is a good idea as they can compete and their quality can get enhanced to compete globally with the best in the world.
2019-05-19
Category: India, Delhi,National,Business/Economy
Rs 100 cr package for Fani-hit Odisha vendors, farmers
Bhubaneswar, May 18 (IANS) Odisha Chief Minister Naveen Patnaik on Saturday announced Rs 100 crore special package for street vendors, coconut growers and poultry farmers affected by Cyclone 'Fani'.
2019-05-18
Category: India, Orissa,National,Crime/Disaster/Accident,Business/Economy,Politics
Reports of rift between promoters baseless speculation: IndiGo CEO
New Delhi, May 18 (IANS) Days after reports of a rift between IndiGo promoters surfaced, the airline's Chief Executive Officer (CEO) Rono Dutta on Saturday termed the reports as "baseless speculations".
2019-05-18
Category: India, Delhi,Business/Economy
Canyon buys Tata International DLT, DLTM for Rs 305 cr
Mumbai, May 18 (IANS) Tata International Limited and Dutch Lanka Trailer Manufacturers(DLTM) have executed definitive documents to sell their 50-50 joint venture Tata International DLT Pvt Ltd (DLT) to Canyon Point Investment Holdings.
2019-05-18
Category: India, Maharashtra,Business/Economy,Technology
Polls make bitter turn sweet: Mills forced to crush cane till polling
Kushinagar (Uttar Pradesh), May 18 (IANS) The sugarcane crushing season may be long over but the mills in eastern Uttar Pradesh are being pressurized to keep crushing, lest the farming community gets upset and impacts the arithmetic in the polling that takes place on Sunday.
2019-05-18
Category: India, Uttar Pradesh,Business/Economy,Politics
Amazon launches flight booking service in India
Bengaluru, May 18 (IANS) People in India can now use Amazon to book their domestic flights in addition to shopping, money transfers, utility bill payments, mobile recharges -- all through one single app, the e-commerce giant announced on Saturday.
2019-05-18
Category: India, Karnataka,Business/Economy,Technology
Trump lifts metal tariffs, delays auto levies
Washington, May 18 (IANS) US President Donald Trump has agreed to lift tariffs on metal imports from Canada and Mexico, that in exchange agreed to stop punishing American farmers with their own taxes on pork, cheese and milk.
2019-05-18
Category: International, United States,Business/Economy,Diplomacy,Politics
Clarity on Jet Airways expected in a week: SBI chief
New Delhi, May 18 (IANS) It may not be over till it is over. Even as some industry veterans believe that grounded Jet Airways may have hit the end of the road, State Bank of India (SBI) Chairman Rajnish Kumar remains optimistic that clarity over the future course of the airline will emerge in a week's time.
2019-05-18
Category: India, Delhi,Business/Economy
ALERT: Clarity on Jet Airways expected in a week: SBI chief
arm/
2019-05-18
Category: India, Delhi,Business/Economy
WeChat executives concerned about potential exit of head
Beijing, May 18 (IANS) As daily users of China-based messaging platform WeChat exceed one billion, its key executives have raised concerns amid rising competition and rumours of potential exit of its head Allen Zhang, the media has reported.
2019-05-18
Category: International, China,Business/Economy,Technology
Google's smart city plan upsets Toronto residents
Toronto, May 18 (IANS) Google-affiliate Sidewalk Labs's plan to build an Internet-based smart city in Toronto has sparked fear and anxiety among residents, the media reported.
2019-05-18
Category: International, Canada,Business/Economy,Technology
A flyover that took two decades to be completed
New Delhi, May 18 (IANS) For the residents of north Delhi, Rani Jhansi flyover, which was inaugurated last year, is a classic example of how a government project should not be executed -- with cost overruns and painfully long delays in completion. The flyover is one of the slowest ever constructed, with the project spanning two decades and witnessing a cost escalation of around Rs 600 crore.
2019-05-18
Category: India, Delhi,National,Business/Economy
Cartels and collusion - will the cycle ever stop? (Column: Active Voice)
The Indian pharmaceutical industry has become almost synonymous with the US regulatory authorities.
2019-05-18
Category: India, New Delhi,National,Opinion/Commentary,Health/Medicine,Business/Economy
More Air India flights to Dubai from early June
New Delhi, May 18 (IANS) Seeking to fill the void created by Jet Airways' suspension of operations and peak summer travel demand, state-run Air India has added capacity on the busy Delhi-Dubai, Mumbai-Dubai and Delhi-Mumbai sectors.
2019-05-18
Category: India, Delhi,National,Business/Economy
The conglomerate is dead, long live the conglomerate! (Column: Behind Infra Lines)
News headlines from across the world seem to suggest that conglomerates that dominated many industries for the past decades are seeing a seismic shift of business strategy.
2019-05-18
Category: India, New Delhi,National,Opinion/Commentary,Business/Economy
State of Economy-IV: Farm distress among major challanges for new government
New Delhi, May 18 (IANS) Once the high-voltage Lok Sabha polls come to an end, the new government will have a major challenge of getting rural economy back on the track, especially, in the wake of forecast of delayed, below normal monsoon this year with chances of drought parts of the country.
2019-05-18
Category: India, Delhi,National,Business/Economy
No benefit in breaking up Facebook: COO Sandberg
San Francisco, May 18 (IANS) As the chorus grows to break up Facebook, the social networking platform's Chief Operating Officer Sheryl Sandberg has said that it won't serve any purpose.
2019-05-18
Category: International, Costa Rica,Business/Economy,Technology
32 flights diverted from IGI Airport due to inclement weather
New Delhi, May 17 (IANS) Inclement weather on Friday disturbed air traffic at the IGI Airport here.
2019-05-17
Category: India, Delhi,Business/Economy,Environment/Wildlife
India's Forex reserve rises to over $420 billion
Mumbai, May 17 (IANS) India's foreign exchange reserves increased by $1.368 billion during the week ended May 10, official data showed on Friday.
2019-05-17
Category: India, Maharashtra,Business/Economy
Airtel Rs 25k-cr rights issue over-susbscribed
New Delhi, May 17 (IANS) Airtel on Friday said its Rs 25,000 crore rights issue has been over-subscribed based on the preliminary information on the subscription by Friday eveneing, the last date of closing the issue.
2019-05-17
Category: India, Delhi,National,Business/Economy
Setback for IndiGo, Jet's unused flight quota to be shared equitably
New Delhi, May 17 (IANS) Unimpressed by IndiGo's suggestion to allot grounded Jet Airways' unused slots in proportion to the fleet size of rival carriers, the government has decided to give higher seat quota on foreign routes to the carriers launching flights on unserved sectors or those witnessing spike in air fares.
2019-05-17
Category: India, Delhi,National,Business/Economy
Agnivesh Agarwal named Talwandi Sabo Power Ltd Chairman
New Delhi, May 17 (IANS) Natural resources major Vedanta Ltd subsidiary Talwandi Sabo Power Ltd (TSPL) has appointed Agnivesh Agarwal as the company's new Chairman of the Board of Directors, Vedanta announced on Friday.
2019-05-17
Category: India, Delhi,Business/Economy
Bajaj Auto Q4 standalone net profit up 21%
Mumbai, May 17 (IANS) Bajaj Auto on Friday reported a rise of 21 per cent in its standalone net profit for the fourth quarter of 2018-19.
2019-05-17
Category: India, Maharashtra,Business/Economy
BSNL partners with Google to expand WiFi footprint
New Delhi, May 17 (IANS) On the occasion of World Telecom Day on Friday, state-run telecom major BSNL has partnered with Google to increase access to its WiFi footprint in the country.
2019-05-17
Category: India, Delhi,Business/Economy,Technology
Jet saga: Now, Etihad's nominee on Jet board resigns
New Delhi, May 17 (IANS) Grounded full service carrier Jet Airways' continues to lose its senior management level personnel, further damaging hopes of the airline's revival.
2019-05-17
Category: India, Delhi,Business/Economy
Sensex rebounds, ends 537 pts higher (Roundup)
Mumbai, May 17 (IANS) Sensex staged a strong rebound on Friday advancing by 537 points boosted by strength in banking and auto shares.
2019-05-17
Category: India, Maharashtra,Business/Economy
Mpasis CEO wins America's premier business award
Business, May 17 (IANS) India's leading IT solutions provider Mphasis on Friday said its Chief Executive Nitin Rakesh was named winner of the 2019 Gold Stevie award for 'Tech Innovator of the Year' (Services) by the New York-based premier 17th Annual American Business Awards in the US.
2019-05-17
Category: India, New Delhi,Business/Economy
Short covering buoys equity market; auto stocks rise
Mumbai, May 17 (IANS) Short covering ahead of exit polls for general elections pushed the key Indian equity indices higher during Friday's mid-afternoon session.
2019-05-17
Category: India, Maharashtra,Business/Economy
Boeing completes 737 MAX software fix
Washington, May 17 (IANS) Boeing said that it has completed software update and tests for the 737 MAX planes that have been grounded worldwide since March following two deadly crashes involving the aircraft model that took place within a span of five months.
2019-05-17
Category: International, United States,Business/Economy
ED questions Kochhars for 5th consecutive day
New Delhi, May 17 (IANS) The Enforcement Directorate (ED) questioned former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar for a fifth consecutive day on Friday in connection with the Rs 1,875-crore Videocon loan case.
2019-05-17
Category: India, Delhi,National,Crime/Disaster/Accident,Business/Economy
SC lifts stay on ex-Kolkata police chief's arrest
New Delhi, May 17 (IANS) The Supreme Court on Friday vacated the interim protection granted to former Kolkata Police Commissioner Rajeev Kumar from arrest by the CBI in the multi-crore chit fund scam cases.
2019-05-17
Category: India, Delhi,National,Crime/Disaster/Accident,Immigration/Law/Rights,Business/Economy
Sensex opens 100 points higher, banks gain
Mumbai, May 17 (IANS) The benchmark Sensex opened over 100 points higher on Friday led by gains in the finance and banking stocks.
2019-05-17
Category: India, Maharashtra,Business/Economy
PayPal declines to come to Pakistan: Official
Islamabad, May 17 (IANS) PayPal will not come to Pakistan despite the governments efforts to convince the American company, which operates a worldwide online payment system that supports online money transfers, to introduce its services in the country, said a senior official.
2019-05-17
Category: International, Pakistan,Business/Economy,Indo-Pak/Pakistan
Sony, Microsoft team up on cloud-based gaming
San Francisco, May 17 (IANS) In a move to thwart upcoming competition from giants like Google and Apple, two arch gaming rivals Sony Corporation and Microsoft have joined hands to explore development of future cloud solutions in Microsoft Azure to support their respective game and content-streaming services.
2019-05-17
Category: International, Costa Rica,Business/Economy
Infosys COO Pravin Rao gets shares worth Rs 4 cr
Bengaluru, May 16 (IANS) Software major Infosys on Thursday granted blue-chip shares valued at Rs 4 crore at market price to its Chief Operating Officer U.B. Pravin Rao as an incentive.
2019-05-16
Category: India, Karnataka,Business/Economy
Infosys to allot shares to its performing techies
Bengaluru, May 16 (IANS) Global software major Infosys board on Thursday approved allotting performance-based shares to its techies, linking employee incentives with shareholder value creation.
2019-05-16
Category: India, Karnataka,Business/Economy,Technology
Rs 2,500 cr marked as working capital: Essar Steel creditors
Mumbai, May 16 (IANS) Essar Steel creditors on Thursday informed the NCLAT that the Rs 2,500 crore of the Rs 42,000 crore coming from the resolution plan of Arcelor Mittal has been marked as working capital of the debt-laden company.
2019-05-16
Category: India, Maharashtra,Business/Economy,Immigration/Law/Rights
GDP growth on higher trajectory, direct taxes robust: Finance Commission
New Delhi, May 16 (IANS) The Finance Commission on Thursday said despite fluctuations, high GDP growth has continued over the medium term and direct taxes have been sound while there are some periodic ups and downs on the indirect tax front.
2019-05-16
Category: India, Delhi,Business/Economy
PNB to remain PNB Housing Finance's sole promoter
Mumbai, May 16 (IANS) Lending major Punjab National Bank (PNB) will remain as the sole promoter of PNB Housing Finance (PNBHF), after stake sale agreements with Varde Holdings and General Atlantic Group were terminated.
2019-05-16
Category: India, Maharashtra,Business/Economy
Odisha CM seeks relaxation in NDRF norms for restoring power
Bhubaneswar, May 16 (IANS) Odisha Chief Minister Naveen Patnaik on Thursday requested Union Home Minister Rajnath Singh to relax National Disaster Response Fund (NDRF) norms to provide the actual cost of restoration of the entire power infrastructure caused by cyclone Fani.
2019-05-16
Category: India, Orissa,National,Crime/Disaster/Accident,Business/Economy
Sensex gains 278 points led by IT stocks
Mumbai, May 16 (IANS) The Sensex on Thursday managed to advance by 278 points, most of which came in the last hour of trade led by IT and financials.
2019-05-16
Category: India, Maharashtra,Business/Economy
Telegram rubbishes WhatsApp's end-to-end encryption
New Delhi, May 16 (IANS) As the world left shocked at the news of a bug in WhatsApp's audio call feature that allowed hackers to install spyware onto Android and iOS phones just by calling the target, its rival Telegram has warned that WhatsApp will continue to be open to surveillance.
2019-05-16
Category: International, India,Business/Economy,Technology,Defence/Security
Vodafone Idea rights issue erodes 21% shareholding value
New Delhi, May 16 (IANS) The recently concluded Vodafone Idea rights issue has resulted in losses for the public shareholders, eroding 21 per cent of their shareholding value, according to industry sources.
2019-05-16
Category: India, Delhi,Business/Economy
BSES gears up to meet Delhi's summer power demand
New Delhi, May 16 (IANS) Peak power demand in Delhi this summer is expected to breach the 7,400 MW-mark. Besides making adequate power arrangements, the two BSES distribution companies (discoms) have also ramped-up network capacity by deploying both conventional and innovative solutions.
2019-05-16
Category: India, Delhi,Business/Economy,Environment/Wildlife
Mobile handset shipments decline 25% in Q1 2019
New Delhi, May 16 (IANS) Mobile handset shipments in India recorded a 25 per cent year-on-year (YoY) decline in the first quarter (Q1) of 2019 while feature phone shipments saw a noticeable decline of around 49 per cent and smartphones recorded a 10 per cent growth, a new report said on Thursday.
2019-05-16
Category: India, Delhi,Business/Economy,Technology
Trump moves to ban foreign telecom gear
Washington, May 16 (IANS) US President Donald Trump has moved to ban American telecom firms from installing foreign-made equipment that could pose a threat to national security, White House officials said, stepping up a battle against China by effectively barring sales by Huawei, the countrys leading networking company.
2019-05-16
Category: International, United States,Business/Economy,Politics