Business

  • First Hyundai Grand i10 NIOS rolls out of Chennai plant
    A worker demonstrates the usage of electrical vehicle (EV) charging cable at the flagging off ceremony of the Hyundai Motor India Ltd's electric sports utility vehicle (SUV) KONA Electric at the Tamil Nadu secretariat, in Chennai on July 24, 2019. (IANS File Photo)   Chennai, August 12 (IANS): Car maker Hyundai Motor India Ltd on Monday rolled out its first Grand i10 NIOS at its factory here, the company said. "This is a proud moment for us at Hyundai, with
  • Jio GigaFiber's commercial services start Sep 5
    Reliance Industries (RIL) Chairman Mukesh Ambani with his mother Kokilaben Ambani and wife Nita Ambani at RIL's 42nd Annual General Meeting in Mumbai on August 12. (IANS Photo)     Mumbai, August 12 (IANS): Reliance Industries (RIL) Chairman Mukesh Ambani on Monday announced the launch of Jio GigaFiber and said that the services would be available commercially from September 5. Speaking to shareholders at the 42nd Annual General Meeting (AGM), Ambani said
  • Tesla electric car catches fire after hitting tow truck in Moscow
    A Tesla car is seen in Santa Monica, California, United States on October 23, 2018. (REUTERS File Photo)     MOSCOW, August 11 (Reuters): A Tesla Model 3 electric car caught fire after crashing into a parked tow truck on a Moscow motorway late on Saturday, with the Tesla driver saying he had failed to see the vehicle with which he collided.   Asked in a video published on REN TV website if he was using an Autopilot self-driving system, driver Ale
  • BSNL to chase dues from enterprise clients, hopes to recover bulk of Rs 3,000 crore
    New Delhi, August 11 (PTI): Battling severe liquidity crunch, BSNL plans to aggressively chase outstanding dues from its enterprise clients and is hoping to recover the bulk of over Rs 3,000 crore receivables in the next two-three months, its chairman said. The move comes at a time when Bharat Sanchar Nigam Ltd (BSNL) is facing mounting pressure on its financials, and it even delayed payment of employee salaries for the second time this year. BSNL on August 5 had released July salaries
  • GIA to have dedicated terminal for private jets by October
    New Delhi, August 11 (IANS): The national capital's Indira Gandhi International Airport will soon have a fixed-base operator (FBO) terminal for private jet and charter flight services by October 2019.   These types of facilities aid in the expansion of general aviation services at busy airports around the world as they provide designated terminal for users of private jets and charter flights.   Besides, the company mandated to operate and manage the IGIA -- G
  • FPIs remain in sell-off mode, pull out Rs 9,197 crore in August so far
    New Delhi, August 11 (PTI): Continuing with their selling spree, foreign investors pulled out a net amount of ₹9,197 crore in just seven trading sessions in August due to unconducive domestic and global factors.   However, analysts said the trend may reverse if the government addresses the tax concerns of overseas investors.   According to latest depositories data, foreign portfolio investors (FPIs) withdrew a net amount of ₹11,134.60 from equities while
  • Forget bananas, 2 boiled eggs can cost you Rs 1,700
    New Delhi, August  11 (IANS):  If you thought two bananas at Chandigarh's JW Marriott Hotel for Rs 442 was extremely exorbitant, think again.   Two boiled eggs at high-end Four Seasons Hotel in Mumbai has cost a Twitter user Rs 1,700.   After actor Rahul Bose's banana controversy that resulted in a Rs 25,000 fine on JW Marriott hotel by the Excise and Taxation Department of Chandigarh, Twitter user Kartik Dhar has posted a bill with the caption: "2 eggs
  • Contacts on iPhones vulnerable to hack attack: Report
    San Francisco, August 11 (IANS): Apple has never shied away from boasting about how secure its systems are, but researchers have found that contacts saved on iPhones are vulnerable to an SQLite hack attack which could infect the devices with malware.   SQLite - the most widespread database engine in the world - is available in every operating system (OS), desktop and mobile phone. Windows 10, macOS, iOS, Chrome, Safari, Firefox and Android are popular users of SQLite. &n
  • Centre rolls out FAQs over Legacy Dispute Resolution scheme
    New Delhi, August 11 (IANS):  Building a roadmap for the economy, the Centre has taken a firm step to shed off the excess baggage of litigations, a vital factor slowing down growth.   The Centre has rolled out a set of 43 frequently asked questions (FAQs) connected with the 'Sabka Vishwas Scheme' (Legacy Dispute Resolution), 2019, a step largely towards simplifying a scheme directly linked to creating a favourable atmosphere enabling ease of doing business.  
  • Slowdown puts auto sector in reverse gear
    Bengaluru, August 11 (IANS): The Indian automobile industry is in reverse gear due to economic slowdown with sales plunging, inventories piling up, car makers slashing production and cutting jobs in thousands, an industry official said on Saturday.   "The worst fears of the slowdown impacting the auto sector is evident from the first quarter results (April-June) of this fiscal (2019-20) from car makers, their ancillary units, component suppliers, dealer sales and job losses,
  • Auto stress: M&M to suspend production for 8-14 days
    Mumbai, August 9 (IANS): The slowdown in the automobile sector and fall in sales seems to be taking a grave turn with auto major Mahindra and Mahindra (M&M) on Friday announcing a production shutdown of 8-14 days in its various plants during the ongoing July-September quarter. According to the company, the decision has been taken to align its production with the sales requirements. "The company in the auto sector, and Mahindra Vehicle Manufacturers Limited (MVML), a whol
  • Practo, RBL Bank launch India's first health-focused credit card
    New Delhi, August 9 (IANS): Private sector RBL Bank and digital healthcare platform Practo have partnered to launch an industry first co-branded health credit card. This credit card is powered by Mastercard and is available on both Practo and RBL mobile apps and websites. It offers benefits like unlimited and round-the-clock online consultations with experienced and qualified doctors, one free full body health check-up, while users can use the card to earn points that can be
  • SpiceJet Q1 net profit up 788% at Rs 261.7 cr
    New Delhi, August 9 (IANS): Benefiting from Jet Airways collapse in April, low-cost carrier SpiceJet posted a record profit of Rs 261.7 crore in the quarter ending June, 2019 as against a net loss of Rs 38.1 crore in the corresponding period last year. The airline reported total revenue of Rs 3,145.3 crore during April-June period as against Rs 2,253.3 crore in the same period in FY19, registering a growth of 39.5 per cent. During the three-month period, the airline added 32
  • FPI: Nomura, Morgan Stanley, Citi, Fidelity may meet FM
    New Delhi, August 9 (IANS): Leading foreign investors, including Morgan Stanley, Nomura, Templeton, Fidelity, GIC (Singapore), CPDQ are likely to meet Finance Minister Nirmala Sitaraman, Finance Secretary Rajeev Kumar and DEA Secretary Atanu Chakraborty on Friday afternoon as the government reaches out to know their concerns over the surcharge on FPIs who are operating as trusts or association of persons (AoP) without being registered as companies. The FPIs are likely to raise
  • Equity indices open in green; Sensex up 260
    Mumbai, August 9 (IANS): The key Indian equity indices opened on a positive note on Friday with the BSE Sensex trading over 260 points. The gains were led by healthy buying in banking and auto stocks. Rise in the global markets also supported the global sentiments. At 9.29 a.m., the Sensex traded at 37,588.33, higher by 260.97 points or 0.70 per cent from the previous close of 37,327.36 points. It had opened at 37,521.30 and touched an intra-day high of 37,604.33 and a lo
  • US stocks close higher
    New York, August 9 (IANS): US stocks closed higher as concerns for global economic slowdown eased after global bond yields stabilised. The Dow Jones Industrial Average was up 371.12 points, or 1.43 per cent, to 26,378.19 on Thursday. The S&P 500 rose 54.11 points, or 1.88 per cent, to 2,938.09. The Nasdaq Composite Index rallied 176.33 points, or 2.24 per cent, to 8,039.16, Xinhua reported. The US Benchmark 10-year Treasury note yield traded at around 1.72 per cent on Th
  • Tupperware India eyes outlets, e-commerce route
    New Delhi, August 8 (IANS): Kitchenware and culinary brand Tupperware here on Thursday announced their foray into the brick and mortar and e-commerce business channels in India. The company, which was using only the direct selling route, would effectively adopt the multi-channel strategy this month. Consultants and distributors, working for Tupperware, can now become Tupperware authorised sellers on the e-commerce platforms, or take charge of 'exclusive Tupperware ou
  • India Inc wants Rs 1 lakh cr stimulus package
    New Delhi, August 8 (IANS): India Inc has sought a stimulus package of Rs 1 lakh crore to push investment and demand and take the economy and industry out of slowdown. Finance Minister Nirmala Sitharaman on Thursday met industry captains to seek consultations for boosting industrial growth in which India Inc placed a demand for stimulus package of over Rs 1 lakh crore to beat the slowdown. Industry top officials said the government has assured them to take steps soon to boost
  • WhatsApp yet to fix flaws that allow messages manipulation
    New Delhi, August 8 (IANS): Even as rumours on WhatsApp have been linked to dozens of deaths in India, the Facebook-owned messaging app is yet to address a security flaw pointed out a year ago by Check Point, an Israeli security software firm. According to security researchers, this vulnerability could be exploited in three ways, all of which involve social engineering tactics to fool end-users.  First, a bad actor could use the "quote" feature in a group conver
  • Reliance Brands to bring Tiffany to India
    Mumbai, August 8 (IANS): Mukesh Ambani-led Reliance Industries (RIL) is set to bring Tiffany & Company to India, as RIL-arm Reliance Brands and Tiffany have announced a joint venture to open stores of the US-based luxury jeweller in the country. Tiffany in a statement said that it wants to open stores in Delhi in the second half of the financial year 2019-20, and in Mumbai during the second half of the next fiscal. Commenting on the partnership, Tiffany's Executi