Business News

Kolkata, 19 May 2018/--/Okinawa Scooters India’s fastest growing electric two-wheeler manufacturing company, recently showcased three of its top offerings at the 6th edition of the eco-friendly expo on electric vehicles, the EVEXPO EAST 2018. Organised by Altius Auto Solutions, with the support of...

Kolkata, 19 May 2018/--/Runs, a block chain-based e-commerce platform offering unique experiences has closed an equity round of US 1 Million from US investors. The round is backed by Panamax Capital, Beast Capital and Columbia Angels. Runs is led by Giri Devanur who is an EY Entrepreneur of the...

Bhubaneswar, 19 May 2018/--/The Odisha Chief Minister Naveen Patnaik Saturday urged the prime minister to set up a dedicated defence industry corridor and an aeronautical university in the state. In a letter to the Prime Minister Narendra Modi, he said Odisha had a comprehensive ecosystem and...

Kolkata, 19 May 2018/--/The state-owned Bank of India (BoI) would be able to realise around Rs 1993 crore from the first successful NCLT resolution concerning Tata Steel and Bhushan Steel, an official said. The amount would not include hair-cuts, BoI managing director and chief executive officer D...

Mumbai, 19 May 2018/--/The Bombay High Court has directed the Mumbai Police to constitute a "special team" of officials, who are experienced in dealing with cyber crimes, to probe into allegations of defamatory emails received by a subsidiary company of the Tata Motors. A vacation bench, presided...

Lucknow, 19 May 2018/--/A high-level delegation of the UP government, led by state health minister Sidhartha Nath Singh, was on a visit to the US, where it had detailed discussions with top American industrialists about the investment opportunities in the state. The delegation visited the country...

NEW DELHI, 19 May 2018/--/In a cost-cutting measure, the Railway Board has decided to stop the supply of Rail Neer bottled water at its Rail Bhavan headquarters and asked officials to either bring water from home or drink the water of the recently-installed RO plants. In a circular issued on May...

Bhubaneswar, 19 May 2018/--/An organisation of stake holders in the Aluminium industry on Friday said it has plans to set up a museum on aluminium at Bhubaneswar soon. Aluminium Association of India (AAI) president T K Chanda said this while addressing the International Museum Day celebration at...

NEW DELHI, 19 May 2018/--/Allaying fiscal concerns, the Finance Ministry Friday said macro-economic parameters continue to be "very sound" and it may even reduce its borrowing target for the second half of 2018-19. The government will be borrowing a total of Rs 2.88 lakh crore in the April-...

Mumbai, 19 May 2018/--/Capital markets regulator Sebi on Friday said it is "disappointed" with company secretaries for lack of disclosures regarding actions taken by stock exchanges in secretarial audits of companies. "I was rather disappointed to see that many of the secretarial audit reports did...

Mumbai, 19 May 2018/--/The embattled rupee witnessed a virtual free fall - plummeting sharply by a staggering 67 paise to end at a fresh 16-month low of 68 against the US currency on heavy dollar demand amid global macro challenges. The Indian rupee hit news headlines during the week after...

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...