Business News

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...