Business News

NEW DELHI, 19 May 2018/--/Gold prices softened by Rs 40 to Rs 31,950 per ten grams at the bullion market on Saturday owing to slackened demand from local jewellers even as the metal strengthened overseas. On the other hand, silver recaptured the Rs 41,000-mark by surging Rs 330 to Rs 41,200 per kg...

Kolkata, 3 Apr 2018/--/A container train on Tuesday left for Bangladesh from the Majherhat station here in a trial run which is likely to soon turn into a regular service to meet the growing demands for faster and safer transportation of goods between India and its neighbour. The container train,...

NEW DELHI, 3 Apr 2018/--/Apportioning blame to the Reserve Bank of India (RBI) over the PNB loan fraud , Central Vigilance Commissioner K V Chowdary Tuesday said there had been "no apparent audit" by the central bank during the period of the scam. Chowdary stressed the need to put into place a...

NEW DELHI, 3 Apr 2018/--/Facing allegations of wrongdoing in the loan extended to Videocon Group, ICICI Bank MD and CEO Chanda Kochhar has pulled out of the annual session of FICCI Ladies Organisation (FLO) to be held this week, where she was to be felicitated by President Ram Nath Kovind,...

London, 3 Apr 2018/--/Rupert Murdoch's 21st Century Fox Tuesday proposed selling rolling TV channel Sky News to Disney in order to finally seal control of pan-European satellite broadcaster Sky. Fox -- which for a long time has sought to buy the 61 percent of British pay TV giant Sky that it does...

NEW DELHI, 3 Apr 2018/--/The railways has registered a healthy growth in revenues from ticketing last fiscal despite competitive prices on offer from airlines and without raising fares, official data shows. In 2017-2018, the national transporter earned Rs 50,000 crore from passenger fare, an...

NEW DELHI, 3 Apr 2018/--/No bureaucrat will be entitled to ISD facility on residential telephones from the government, though only secretary-level officers can have such facility on their office landline phones, Finance Ministry guidelines stated. Issuing comprehensive guidelines for telephone...

Mumbai, 3 Apr 2018/--/Profit margins for bulk tea producers, particularly in north India, is likely to improve in the just-concluded financial year on firm price trends from August 2017 to January 2018, a report said on Tuesday. However, going forward, the new wage agreement that would be...

NEW DELHI, 3 Apr 2018/--/The ED on Tuesday questioned Delhi Health and Power Minister Satyendar Jain in connection with a money laundering case registered against him and others. Officials said Jain was summoned under the Prevention of Money Laundering Act (PMLA) and his statement will be recorded...

Mumbai, 3 Apr 2018/--/After a bruising two years, the domestic pharmaceutical sector is set for a sharp turnaround in the new fiscal year with a 20-22 per cent growth in operating profit - the fastest pace since 2014, while revenue may grow at 9-11 per cent, according to a report. "The projected...

Kolkata, 3 Apr 2018/--/Luxmi Tea, which owns the iconic Makaibari brand, would set up 100 exclusive stores across the country in the next three years, a company official said. At present, there are 10 such stores located in prominent malls in the city. "We plan to set up 100 exclusive Makaibari...

Mumbai, 3 Apr 2018/--/Hardcastle Restaurants, the master franchisee of fast food chain McDonald's in west and south India, plans to invest Rs 800 crore to Rs 1,000 crore over the next three years to introduce healthier food options and digitise its stores. The city-based company in a bid to...

Vadodara, 3 Apr 2018/--/Disinvestment-bound Air India has delayed the payment of salaries for the month of March and is yet to intimate the employees about reasons for the delay, sources said. The debt-laden carrier has over 21,000 employees, including more than 11,000 on permanent rolls....

NEW DELHI, 3 Apr 2018/--/Chocolate and confectionery firm Hershey India has appointed Herjit S Bhalla as its new Managing Director. Before joining Hershey India, Bhalla spent over 16 years in sales and marketing, management roles at Unilever in India, Russia, Ukraine and Belarus, Hershey India...

Mumbai, 3 Apr 2018/--/Gold prices on Tuesday rebounded by Rs 130 per 10 grams, ending the three-day declining trend on the back of renewed buying by stockists and jewellers despite weak global trends. Silver also rose owing to good industrial buying. Standard gold (99.5 purity) gained 130 per ten...

Mumbai, 3 Apr 2018/--/Hiring activity in the country is likely to be get a boost this year in key sectors such as manufacturing, technology, renewable energy, among others, due to robust economic growth, said a report. Bolstered by the economic growth observed in 2017, talent acquisition witnessed...

Mumbai, 3 Apr 2018/--/The rupee made a strong recovery against the buoyant US currency to close at 65.01, surging by 17 paise on fresh bouts of dollar selling, seemingly unfazed by escalating trade tensions between the US and China. A massive unwinding of dollar long positions by exporters and...

Mumbai, 3 Apr 2018/--/Midsize private sector lender Yes Bank is aiming to evolve itself into a "technology company in the business of banking" and has accordingly announced a rejig of its senior management. It has inducted Raj Ahuja, who comes with an experience in fintech, telecom and technology...

NEW DELHI, 3 Apr 2018/--/The CBDT has directed the Income Tax Department to finish in two months the exercise of issuing notices, as part of the 'Operation Clean Money', to those who deposited huge funds post demonetisation. Officials said the policy-making body of the department wants to fasten...

Kolkata, 2 Feb 2018/--/Motorola had announced the launch of all-new variant of the stunning, precision crafted moto x4with 6GB RAM and 64GB internal storage. The new moto x4offers a smarter Android 8.0 Oreo experience out of the box, giving you faster speeds, longer battery life, split-screen...

Kolkata, 2 Feb 2018/--/Ford had unveiled its latest global product offering – The All-New Ford Freestyle, a cool, capable & connected, compact utility vehicle (CUV) for Indian consumers. The all-new product from Ford combines SUV-like robust design, benchmark performance, innovative...

Kolkata, 2 Feb 2018/--/The Union Budget 2018 is robust for Agriculture & Rural economy. Given we are in an election year, a Populist Budget (focus on Rural & Pro-poor) was certainly coming; however, maintaining a fiscal deficit of 3.5% for this year and promise to bring it down to 3.3% next...

Kolkata, 2 Feb 2018/--/Allahabad Bank becomes the first PSB to float ESPS (Employee Stock Purchase Scheme). It has kick started the process of ESPS by offering 5 (Five) Crore Equity Shares of the Bank of face value of Rs. 10 each to its own employees. The ESPS of the Bank is slated to commence...

Kolkata, 2 Feb 2018/--/Hike announced the launch of a new product called ‘Total, built by hike’. ‘Total’ is a refined version of Android targeted at the next billion people.‘Total’ lets users access essential services such as Messaging, News, Recharge and more even without an active data connection...

Kolkata, 2 Feb 2018/--/With an aim to further strengthen its position in the scooter market, India Yamaha Motor Pvt. Ltd today inaugurated its first Scooter Boutique in West Bengal at Madhyamgram on Jessore Road, Kolkata under the banner of its dealership “Tanushka Automobiles”. On a pan India...