ED chargesheets Karti in Aircel-Maxis deal case (Lead)

ED chargesheets Karti in Aircel-Maxis deal case (Lead)

New Delhi, June 13 (IANS): The Enforcement Directorate (ED) on Wednesday filed a chargesheet against former Finance Minister P. Chidambaram’s son Karti P. Chidambaram and two companies in a case related to money laundering in the Aircel-Maxis deal.   The chargesheet was filed before a Delhi court which listed the matter for hearing on July 4. […]

India airlines spread their wings to escape airfare war at home

India airlines spread their wings to escape airfare war at home

An IndiGo Airlines Airbust A320 aircraft and JetKonnect Boeing 737 aircraft taxi past an Air India Airbus A321 aircraft at Mumbai’s Chhatrapathi Shivaji International Airport. (REUTERS File photo)   NEW DELHI/SINGAPORE (Reuters): Indian airlines are turning to the international market in search of better returns as the intensifying fight for a bigger share of the […]

HDFC Capital takes equity stake in ATS’ Homekraft

HDFC Capital takes equity stake in ATS’ Homekraft

New Delhi, June 13 (IANS): Real estate firm HomeKraft on Wednesday said that it has diluted minority equity stake to HDFC Capital Affordable Real Estate Fund.   According to the real estate firm, the investment made by the fund, managed by HDFC Capital Advisors, which is in turn a 100 per cent subsidiary of HDFC, is […]

Retail inflation accelerates to 4.87 percent in May

Retail inflation accelerates to 4.87 percent in May

A vendor puts onions in a sack after sorting them at a vegetable market in Mumbai on June 12. REUTERS Photo)   NEW DELHI, June 12 (Reuters): India’s retail inflation rate accelerated to a four-month high of 4.87 percent in May, government data showed on Tuesday, driven by higher fuel prices and a depreciating rupee. […]

Cloud over global economy getting darker: IMF chief

Cloud over global economy getting darker: IMF chief

Managing Director of the International Monetary Fund Christine Lagarde. (File Photo)   Berlin, June 12 (IANS): International Monetary Fund (IMF) chief Christine Lagarde has attacked the U.S. protectionist trade policies and warned that the cloud over global economy “is getting darker”.   “The biggest and darkest cloud that we see is the deterioration in confidence that […]

Cabinet nod for new telecom policy by July-end: Manoj Sinha

Cabinet nod for new telecom policy by July-end: Manoj Sinha

Manoj Sinha. File Photo   New Delhi, June 12 (IANS): A new telecom policy is likely to be in place by July 2018, Communications Minister Manoj Sinha said on Wednesday.   “By July-end I am hopeful that the Cabinet approval will come for the National Digital Communications Policy,” Sinha told reporters here.   He was holding […]

Urgent need to raise awareness on illicit products: Ficci

Urgent need to raise awareness on illicit products: Ficci

Hyderabad, June 12 (IANS): There is an urgent need to increase consumer awareness on illicit products, the surge in which is adversely affecting Indian consumers, industry chamber Ficci said on Tuesday.   At a Ficci-Committee Against Smuggling and Counterfeiting Activities Destroying the Economy(CASCADE) seminar on combating counterfeiting and smuggling, it was revealed that there has been […]

Hyundai crosses 8 mn cumulative production milestone in India

Hyundai crosses 8 mn cumulative production milestone in India

New Delhi, June 11 (PTI): Hyundai Motor India Ltd (HMIL) today said it has crossed 8 million cumulative production milestone since its inception nearly 20 years ago.   The company achieved the landmark with the rolling out of a unit of its newly refreshed SUV Creta, HMIL said in a statement.   The target is […]

Konica Minolta expands its printer line-up in India

Konica Minolta expands its printer line-up in India

Chennai, June 11 (IANS): Expanding its production printer portfolio in India, Japan-based imaging and networking technology company Konica Minolta on Monday launched its new printer line-up named “AccurioPress C3080” at the “Print Expo 2018” here.   The mid-production digital printer series will come with support for auto-duplex banner printing up to 762-mm, print speeds of […]