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Headline
Biz travel biggest reason for passengers to travel: Vistara survey
New Delhi, July 6 (IANS) Business travel has emerged as the biggest reason for passengers to travel, showed a survey conducted by full-service carrier Vistara.
2020-07-06
Category: India, Delhi,Business/Economy
NBCC's Q4 consolidated net profit falls 41% to Rs 84 cr
New Delhi, July 6 (IANS) State-run construction major NBCC (India) Ltd on Monday reported a 41 per cent fall in its consolidated net profit for the January-March quarter at Rs 83.77 crore.
2020-07-06
Category: India, Delhi,Business/Economy
AI should begin 'leave without pay' to tide over pandemic pains, say pilot unions
New Delhi, July 6 (IANS) To secure the financial health and survival of Air India, the national carrier's pilot unions have called for instituting measures like compulsory leave without pay.
2020-07-06
Category: India, Delhi,Business/Economy
DGTR begins hearing on safeguard duty on solar equipment imports
New Delhi, July 6 (IANS) In what may substantially increase duty on solar equipment imports, largely from countries such as China, the domestic industry has recommended continuation of 15 per cent safeguard duty (SGD) for another four years with marginal reduction of 0.05 per cent annually.
2020-07-06
Category: India, Delhi,Business/Economy
Pan-India hotel occupancy rate may hit multi-year low: ICRA
New Delhi, July 6 (IANS) Ratings agency ICRA expects pan-India hotel occupancy rate to hit a multi-year low in FY2021.
2020-07-06
Category: India, Delhi,Business/Economy
IL&FS: SAT says SEBI can enhance penalty on India Ratings
New Delhi, July 6 (IANS) The Securities Appellate Tribunal (SAT) has ruled that the SEBI has the power to initiate proceedings under Section 15-I(3) of the SEBI Act against India Ratings and Research Pvt Ltd and enhance the penalty on the rating agency for violating norms in granting credit rating to the crisis-ridden IL&FS.
2020-07-06
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
Ampere Vehicles acquires E-3Wheeler major Bestway
Mumbai, July 6 (IANS) Greaves Cotton's electric mobility subsidiary Ampere Vehicles has acquired Noida based E-3Wheeler company Bestway Agencies, subject to customary closing conditions.
2020-07-06
Category: India, Maharashtra,Business/Economy
Gold may cross Rs 52,000 per 10 grams by Diwali
New Delhi, July 6 (IANS) The price of gold in the spot and futures markets remained soft for the fourth consecutive day on Monday, but during the corona period the fundamentals of the precious metal are strong due to which it may touch a new high later this year.
2020-07-06
Category: India, Delhi,Business/Economy
Sensex gains 465 points, RIL touches new high (Ld)
Mumbai, July 6 (IANS) Indian stock market surged on Monday, with the BSE sensex gaining 465 points, tracking a positive trend in the Asian markets.
2020-07-06
Category: India, Maharashtra,Business/Economy
Country needs another green revolution: Tomar
New Delhi, July 6 (IANS) Union Agriculture and Farmers Welfare, Rural Development and Panchayati Raj minister Narendra Singh Tomar on Monday said the country needs another green revolution to increase the production of foodgrains.
2020-07-06
Category: India, Delhi,National,Business/Economy
North Korean hackers stealing online shoppers' data in US, Europe
San Francisco, July 6 (IANS) North Korea-based hackers have engaged in a large scale digital skimming activity since May 19, breaking into online stores like international fashion chain Claires to insert malicious code that steal payment card details of the users in the US and Europe, a new report revealed on Monday.
2020-07-06
Category: International, Costa Rica,Business/Economy,Technology,Defence/Security
Covid-19 fails to affect kharif sowing in Karnataka
Bengaluru, July 6 (IANS) There seems no impact of Covid-19 on kharif crop sowing in Karnataka with the current year actually being ahead of previous years, according to an official here on Monday.
2020-07-06
Category: India, Karnataka,National,Business/Economy
Oil market downturn turns heat on US shale producers
New Delhi, July 6 (IANS) The downturn in the oil market is beginning to impact those who had a fair share in keeping it oversupplied and prices suppressed. The US shale oil producers are beginning to feel the pain of lower oil prices with large-scale increase in bankruptcies.
2020-07-06
Category: India, Delhi,Business/Economy
Maharashtra hotels to reopen, 50% may shut for good
Mumbai, July 6 (IANS) With hotels and restaurants preparing to reopen after nearly four months, the prospects of around 50 per cent of them shutting permanently also loom large, top players warn.
2020-07-06
Category: India, Maharashtra,National,Business/Economy
Digital payments in India saw 23% jump in last 30 days: Report
New Delhi, July 6 (IANS) Digital payment transactions in India have rebounded by 23 per cent in the last 30 days, full-stack financial solutions company Razorpay said in a report on Monday.
2020-07-06
Category: India, Delhi,Business/Economy,Technology
NBFC body urges FM to include individuals under ECLGS
New Delhi, July 6 (IANS) Finance Industry Development Council (FIDC), the industry body of NBFCs has written to the Finance Minister seeking inclusion of all loans given to individuals for purchase of commercial vehicles under the Emergency Credit Line Guarantee Scheme (ECLGS) announced as the 'Atmanirbhar Bharat' economic package.
2020-07-06
Category: India, Delhi,Business/Economy
Canara Bank lowers interest rates on loans by 10 bps
New Delhi, July 6 (IANS) Canara Bank has reduced marginal cost of funds-based lending rate (MCLR) on loans and advances across all tenors with effect from July 7. The interest rate has come down by 10 basis points (bps).
2020-07-06
Category: India, Delhi,National,Business/Economy
Hotels prepare to re-open, 50% may shut permanently
Mumbai, July 6 (IANS) With hotels and restaurants preparing to reopen for business after nearly four months, the prospects of around 50 per cent of them shutting permanently also loom large, top players warn.
2020-07-06
Category: India, Maharashtra,National,Business/Economy
Airtel launches 'Priority 4G Network' for 'Platinum' customers
New Delhi, July 6 (IANS) Bharti Airtel on Monday announced the launch of 'Priority 4G Network' for its 'Platinum' mobile customers.
2020-07-06
Category: India, Delhi,Business/Economy
Honda Siel Power Products now named Honda India Power Products
New Delhi, July 6 (IANS) Power products maker Honda Siel Power Products Ltd (HSPP) on Monday announced the change in its name to Honda India Power Products Limited (HIPP) with immediate effect.
2020-07-06
Category: India, Delhi,Business/Economy
Rs 90k cr package for discoms not enough, dues cross Rs 1 lakh cr
New Delhi, July 6 (IANS) The Centre's Rs 90,000 crore liquidity window to financially stressed state discoms for clearing their mounting dues to power genreration companies may not be sufficient to clean up their books and clear all outstanding.
2020-07-06
Category: India, Delhi,Business/Economy
IAMAI virtual incubator to help tech startups from small-town India
New Delhi, July 6 (IANS) The Internet and Mobile Association of India (IAMAI) on Monday launched a virtual incubator to empower tech startups from smaller towns and cities that have been hit by the pandemic.
2020-07-06
Category: India, Delhi,Business/Economy,Technology
Bring down VAT on petroleum products to augment revenue: DPDA
New Delhi July 6 (IANS) To augment revenue and bring down inflation, the Delhi Petrol Dealers Association (DPDA) has urged the Delhi state government to reduce VAT (value added tax) on petroleum products in the national capital.
2020-07-06
Category: India, Delhi,Business/Economy
NCLT admits insolvency plea against V2 Retail
New Delhi, July 6 (IANS) The Delhi bench of the National Company Law Tribunal (NCLT) has admitted an insolvency plea against retail chain V2 Retail.
2020-07-06
Category: India, Delhi,Business/Economy
No China origin, will invest and hire more in India: Zoom
New Delhi, July 6 (IANS) Facing social media onslaught over it being a Chinese company, US-based video meet platform Zoom on Monday that they are clear about its identity and plan to significantly invest and hire local talent in the country over the next five years.
2020-07-06
Category: India, Delhi,Business/Economy,Technology,Defence/Security
SEBI norms tweak boost chances of CG Power resolution
New Delhi, July 6 (IANS) The relaxation by SEBI in pricing methodology for listed companies having stressed assets has brightened the prospects of early resolution of CG Power.
2020-07-06
Category: India, Delhi,Business/Economy
Swiggy integrates 'premium' home delivery service Scootsy
Mumbai, July 6 (IANS) Foodtech unicorn Swiggy on Monday said it has integrated its premium on-demand delivery platform Scootsy as well as its restaurant partners within the Swiggy platform.
2020-07-06
Category: India, Maharashtra,Business/Economy,Technology
Airtel deploys Nokia's open Cloud-based VoLTE network
New Delhi, July 6 (IANS) Nokia on Monday announced that its CloudBand-based software products have started powering Bharti Airtels Voice over LTE (VoLTE) network in India.
2020-07-06
Category: India, Delhi,Business/Economy,Technology
SpiceJet to operate 19 more flights under Vande Bharat Mission
New Delhi, July 6 (IANS) Airline major SpiceJet will operate 19 more flights under the Vande Bharat Mission (VBM) in July to help evacuate nearly 4,500 Indians still stranded in the UAE, Saudi Arabia, and Oman.
2020-07-06
Category: India, Delhi,Business/Economy
JSW Group Chairman echoes 'Atmanirbhar Bharat'
New Delhi, July 6 (IANS) Extending his support for procurement of domestic inputs for the steel industry, JSW Group Chairman Sajjan Jindal has said the industry cannot make money out of cheaper Chinese raw materials at a time when Indian soldiers are getting killed along the Line of Actual Control (LAC).
2020-07-06
Category: India, Delhi,Business/Economy
Kalpataru Power to sell Alipurduar Transmission for Rs 1,286 cr
Mumbai, July 6 (IANS) Kalpataru Power Transmission Limited (KPTL) announced on Monday that it has signed definitive agreements to sell Alipurduar Transmission Limited (ATL) to Adani Transmission Limited for a total enterprise value (EV) of about Rs 1,286 crore.
2020-07-06
Category: India, Maharashtra,Business/Economy
Jharkhand farmers look for sweet rewards from strawberry farming
Latehar (Jharkhand), July 6 (IANS) Cultivation of strawberries is expected to bring in sweet monetary rewards for farmers in Netarhat, -- which is among most famous tourist places in the beautiful plains situated on the foothills of Jharkhand.
2020-07-06
Category: India, Bihar,National,Business/Economy,Human Interest/Society
Telcom revenues from wireless services may fall in Q1: Report
New Delhi, July 6 (IANS) Revenue of telecom service providers through wireless services is likely to fall in the first quarter of FY20-21 due to the nationwide lockdown, according to a report by Emkay Global Financial Services.
2020-07-06
Category: India, Delhi,Business/Economy
Paytm enters general insurance sector, acquires Raheja QBE (Ld)
New Delhi, July 6 (IANS) Leading digital payments platform Paytm along with its founder Vijay Shekhar Sharma on Monday announced the acquisition of Mumbai-based private sector general insurance company Raheja QBE, to democratize general insurance services in the country.
2020-07-06
Category: India, Delhi,Business/Economy,Technology
Paytm into insurance sector, acquires Raheja QBE
New Delhi, July 6 (IANS) Leading digital payments platform Paytm along with its founder Vijay Shekhar Sharma on Monday announced the acquisition of Mumbai-based private sector general insurance company Raheja QBE, to democratize general insurance services in the country.
2020-07-06
Category: India, Delhi,Business/Economy,Technology
Sensex well above 36,000 mark, RIL hits record high
Mumbai, July 6 (IANS) The key Indian equity indices rose on Monday with the BSE Sensex gaining over 370 points to trade well above the 36,000 mark,
2020-07-06
Category: India, Maharashtra,Business/Economy
Yes Bank to auction assets of Avantha Holdings, Oscar Investments
New Delhi, July 5 (IANS) Yes Bank will auction properties of Gautam Thapar's Avantha Holdings and Shivinder and Malvinder Singh's Oscar Investments Ltd in a bid to recover their dues.
2020-07-05
Category: India, Delhi,Business/Economy
Veggies on the rise, prices soar by up to 200%
New Delhi, July 5 (IANS) The prices of food items, including vegetables, have started to skyrocket even as the coronavirus crisis shows no sign of abating. The prices of vegetables, in particular, have increased quite significantly with retail prices of almost all kinds rising from 25 per cent to 200 per cent.
2020-07-05
Category: India, Delhi,National,Business/Economy
O-CITY joins Visa Ready for contactless transit payments
New Delhi, July 5 (IANS) BPC's smart city payment division, O-CITY, has joined the 'Visa Ready for Transit' programme for mass transit systems.
2020-07-05
Category: India, Delhi,Business/Economy
FAO warns India of locust attack, choppers pressed into service
New Delhi, July 5 (IANS) The Food and Agriculture Organisation (FAO) of the United Nations has warned India of major locusts attacks in the coming days, following which the government has intensified its efforts to tackle the menace. The Union Ministry of Agriculture and Farmers Welfare said on Sunday that a new dimension has been added by using helicopters in the locust control operations.
2020-07-05
Category: India, Delhi,National,Crime/Disaster/Accident,Business/Economy
Need to focus on import substitution for 15 goods: Assocham
New Delhi, July 5 (IANS) As the call grows for an 'Aatma Nirbhar Bharat' (self-reliant India) in terms of manufacturing of goods and lower dependence on imports, industry body Assocham has suggested that the country should focus on at least major 15 imported goods to achieve import substitution and become self-reliant in the next two to three years.
2020-07-05
Category: India, Delhi,Business/Economy
Top Air India officials to retire, squabble for posts begins (IANS Exclusive)
New Delhi, July 5 (IANS) The race to reach the top positions of Air India has picked up steam as 10 senior executives are scheduled to retire in the next six months.
2020-07-05
Category: India, Delhi,Business/Economy
'Limit bank services to essentials, give Covid cover to employees'
New Delhi, July 5 (IANS) As new coronavirus cases surge every passing day with reports of banking employees also testing positive coming in, Voice of Banking, an organisation working for the welfare of banking employees, has urged the government to limit the services at physical branches to essential services only.
2020-07-05
Category: India, Delhi,Business/Economy
IT Department amends TDS Form to make it comprehensive
New Delhi, July 5 (IANS) In a bid to make the TDS form more comprehensive, the Income Tax Department has brought about changes to it.
2020-07-05
Category: India, Delhi,Business/Economy
ICICI Bank's board to mull raising funds on July 8
New Delhi, July 5 (IANS) The Board of Directors of ICICI Bank will meet on Wednesday, July 8 to consider raising funds through equity shares or equity-linked securities.
2020-07-05
Category: India, Delhi,Business/Economy
70% startups hit by Covid-19, 12% shut: FICCI-IAN survey
New Delhi, July 5 (IANS) The Covid-19 pandemic has made an unprecedented impact on the Indian businesses, particularly small and medium enterprises (SMEs) and startups. According to a joint survey by FICCI and Indian Angel Network (IAN), the pandemic has hit the businesses of around 70 per cent startups.
2020-07-05
Category: India, Delhi,National,Business/Economy
DHFL defaults on Rs 50-cr NCD repayment, blames 'moratorium restrictions'
Mumbai, July 5 (IANS) Bankrupt non-banking financial company (NBFC) DHFL has defaulted on the repayment of Rs 50 crore on secured non-convertible debentures (NCD) and has attributed its failure to repay the principal payment to the moratorium restrictions on it.
2020-07-05
Category: India, Maharashtra,Business/Economy
GST liable on IT consulting services to firms having foreign client
New Delhi, July 5 (IANS) Software consultancy services provided by an IT company under a contract to a company which has foreign clients is liable to pay Goods and Services Tax (GST).
2020-07-05
Category: India, Delhi,Business/Economy
Market momentum likely to take a pause
The week gone by began on a subdued note losing on the first two trading days and then gaining on the next three to end the week on a strong note. BSESENSEX gained 850.15 points or 2.42 per cent to close at 36,021.42 points while NIFTY gained 224.35 points or 2.16 per cent to close at 10,607.35 points. The broader market saw BSE100, BSE200 and BSE500 gain 1.95 per cent, 1.77 and 1.63 respectively. BSEMIDCAP gained 0.23 per cent while BSESMALLCAP was the odd one out losing 0.22 per cent.
2020-07-05
Category: India, New Delhi,Business/Economy,Opinion/Commentary
CARE downgrades bank borrowings, NCDs of PNB Housing
Mumbai, July 5 (IANS) CARE Ratings has downgraded the credit rating of PNB Housing Finance's bank borrowings, non-convertible debentures, and fixed deposits to 'CARE AA' from 'CARE AA+'.
2020-07-05
Category: India, Maharashtra,Business/Economy