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Headline
SEBI approves Future-Reliance deal
New Delhi, Jan 20 (IANS) Despite exhortations by Amazon, markets regulator SEBI has approved the deal between Future Group and Reliance Industries. SEBI, in a letter issued on Wednesday, approved the deal subject to a number of conditions in the Composite Scheme of Arrangement.
2021-01-20
Category: India, Delhi,Business/Economy
Karnataka to promote Bengaluru Rose onion exports
Bengaluru, Jan 20 (IANS) Four onion growing producer organisations of Karnataka signed an agreement with the city-based BS Allium Cepa Exports Ltd to promote Bengaluru Rose onion exports, an official said on Wednesday.
2021-01-20
Category: India, Karnataka,Business/Economy
WhatsApp investment tips' land two in trouble with SEBI
New Delhi, Jan 20 (IANS) Securities market regulator SEBI on Wednesday imposed a penalty of Rs 25 lakh on Mansoor Rafiq Khanda and Firoz Rafiq Khanda for offering trading tips through WhatsApp messages and internet websites including www.fullonoption.com without being registered with the regulator as investment advisers.
2021-01-20
Category: India, Delhi,Business/Economy
Delhi-Meerut RRTS: NCRTC awards Rs 910 cr tender to Alstom
New Delhi, Jan 20 (IANS) In a mega boost for the 82-km-long Delhi-Ghaziabad-Meerut Regional Rapid Transport System (RRTS), the National Capital Region Transport Corporation (NCRTC) has awarded the contract worth Rs 910 crore to design, supply and install the signalling, train and telecommunication system to French railway giant Alstom.
2021-01-20
Category: India, Delhi,Business/Economy
Mumbai Metro's first 'Driverless' train to arrive on Jan 27
Mumbai, Jan 20 (IANS) Mumbai Metro will get its first of its indigenously-manufactured driverless trains from Bharat Earth Movers Ltd. Bengaluru, Urban Development Minister Eknath Shinde said here on Wednesday.
2021-01-20
Category: India, Maharashtra,Business/Economy
Schneider Electric President told to get listed on bourses or let shareholders exit
Mumbai, Jan 20 (IANS) The Securities and Exchange Board of India (SEBI) has directed Schneider Electric President Systems Ltd to list its stock on a stock exchange with terminals across the country or get delisted from the regional exchanges and give exit to the shareholders.
2021-01-20
Category: India, Maharashtra,Business/Economy
IndiGo transports over 2.1 mn vaccine doses in 8 days
New Delhi, Jan 20 (IANS) Airline major IndiGo has transported a total 5,785 kg of vaccine shipments from SII and Bharat Biotech between January 12 and 19, 2021.
2021-01-20
Category: India, Delhi,Business/Economy
Sensex closing in on 50K-mark, ends on a new high (Roundup)
Mumbai, Jan 20 (IANS) The Indian equity indices continued their upward journey for second consecutive day on Wednesday with key indices closing at record highs.
2021-01-20
Category: India, Maharashtra,Business/Economy
Tax saving infra bonds may make comeback, provide savings options for salaried
New Delhi, Jan 20 (IANS) Faced with the mammoth task of arranging funds for the infrastructure sector which is estimated to require an investment of a whopping Rs 100 lakh crore over the next four to five years, the government may consider reintroduction of infrastructure bonds offering tax breaks to individual taxpayers over and above the levels available under current income tax legislation.
2021-01-20
Category: India, Delhi,Business/Economy
Alibaba stock up 8% after Jack Ma reappears in public (Ld)
Beijing, Jan 20 (IANS) Ending speculation about his whereabouts, Alibaba Co-founder Jack Ma reappeared in public view after at least three months amid increased scrutiny of his companies by Chinese regulators. The news took the shares of the company up more than 8 per cent in Hong Kong.
2021-01-20
Category: International, China,Business/Economy,Technology
Centre plans E-portal to sell MSME products: Gadkari
Mumbai, Jan. Jan 20 (IANS) The Centre is working with State Bank of India to launch an E-portal on the lines of Amazon to facilitate Medium, Small and Micro Enterprises to sell their products, Transport & MSME Minister Nitin Gadkari said here on Wednesday.
2021-01-20
Category: India, Maharashtra,Business/Economy,Politics
Singapore-based firm to set up data centre in Noida
Lucknow, Jan 20 (IANS) The Singapore-based ST Telemedia Global Data Centres (STT GDC) India has proposed to develop a Greenfield Data Centre Campus in Uttar Pradesh's Noida district.
2021-01-20
Category: India, Uttar Pradesh,National,Business/Economy,Technology
Beijing's GDP tops $558.5 billion in 2020
Beijing, Jan 20 (IANS) Beijing's GDP reached over 3.6 trillion yuan (about $558.5 billion) in 2020, up 1.2 per cent over the previous year at comparable prices, according to the Beijing Municipal Statistics Bureau.
2021-01-20
Category: International, China,Business/Economy,Politics
Ola partners with Siemens for EV manufacturing facility
New Delhi, Jan 20 (IANS) Ride-hailing major Ola on Wednesday said it has partnered with Siemens as it looks to rapidly build its upcoming electric vehicle manufacturing facility.
2021-01-20
Category: India, Delhi,Business/Economy,Technology
MINI India delivers 512 cars in 2020, grows 34% in Q4
New Delhi, Jan 20 (IANS) BMW Group India's premium small car brand MINI India has delivered a strong performance of 512 cars in the calendar year 2020.
2021-01-20
Category: India, Delhi,Business/Economy
Sensex, Nifty scale new highs; auto, IT stocks surge (2nd Ld)
Mumbai, Jan 20 (IANS) The Indian equity indices surged to new highs on Wednesday with the BSE Sensex closing near the 49,800 mark.
2021-01-20
Category: India, Maharashtra,Business/Economy
IET India releases findings from mid-level, entry-level Indian workforce
New Delhi, Jan 20 (IANS) IET India has released findings from a new report that captures the perspectives from mid-level and entry-level of the Indian workforce regarding the uncertainties post COVID-19.
2021-01-20
Category: India, Delhi,Business/Economy
Indian insurers to withstand pandemic-led downturn: Moody's
New Delhi, Jan 20 (IANS) Indian insurance companies are likely to withstand the economic downturn exacerbated by the coronavirus pandemic, with general insurance premium growth in positive territory, Moody's Investors Service report has said.
2021-01-20
Category: India, Delhi,Business/Economy
Fiscal deficit of states to hit peak of Rs 8.7 lakh cr as tax collections slide
New Delhi, Jan 20 (IANS) The Covid pandemic-induced lockdown and consequent slump in economic activity will hit tax collections of states and result in a near four-fold expansion in their revenue deficits this fiscal, year-on-year, ratings agency Crisil said in a report.
2021-01-20
Category: India, Delhi,Business/Economy
SpiceJet inducts 2 more wide-body aircraft to cargo fleet
New Delhi, Jan 20 (IANS) To further strengthen cargo operations, budget carrier SpiceJet has inducted two more wide-body planes -- a Boeing 767 and Airbus A330 -- to its cargo fleet.
2021-01-20
Category: India, Delhi,Business/Economy
Hyundai's philanthropic arm signs MoU with IIT Delhi to support research
New Delhi, Jan 20 (IANS) Automobile major Hyundai Motor India's philanthropic arm on Wednesday signed a Memorandum of Understanding (MoU) with IIT Delhi to support the research work at 'Centre for Automotive Research and Tribology'.
2021-01-20
Category: India, Delhi,Business/Economy,Technology
Maruti Suzuki commences production, export of Jimny
New Delhi, Jan 20 (IANS) Automobile major Maruti Suzuki India has commenced export of Suzuki's compact off-roader Jimny from India.
2021-01-20
Category: India, Delhi,Business/Economy
Vistara commences daily services on Delhi-Sharjah route
New Delhi, Jan 20 (IANS) Full-service carrier Vistara commenced daily services between Delhi and Sharjah, under the travel bubble agreement between India and the United Arab Emirates (UAE).
2021-01-20
Category: India, Delhi,Business/Economy
Sensex above 49,700; RIL shares up nearly 2% (Ld)
Mumbai, Jan 20 (IANS) The Indian equity indices continued its upward trend during the afternoon session on Wednesday with the BSE Sensex rising above the 49,700-mark.
2021-01-20
Category: India, Maharashtra,Business/Economy
Airtel Payments Bank launches 'Airtel Safe Pay'
New Delhi, Jan 20 (IANS) Airtel Payments Bank on Wednesday launched 'Airtel Safe Pay', with a view to protect its customers from online payment frauds.
2021-01-20
Category: India, Delhi,Business/Economy
Netflix surpasses 200mn paid subscribers
San Francisco, Jan 20 (IANS) Paid subscribers for Netflix surpassed the 200 million mark in 2020 as Covid-19 restrictions helped it to gain viewership, the streaming giant has said.
2021-01-20
Category: International, Costa Rica,Business/Economy,National,Technology
World's largest single-site solar plant in Abu Dhabi
Abu Dhabi, Jan 20 (IANS) An hour's drive southeast of Abu Dhabi is the world's largest single-site solar plant. Located at Sweihan in Abu Dhabi, Noor Abu Dhabi (which means 'light' in Arabic) features 3.2 million solar panels. The clean, renewable energy produced here will power the daily lives of 90,000 families in the emirate.
2021-01-20
Category: International, Togo,Business/Economy,Politics,Technology
After months, Alibaba co-founder Jack Ma reappears in public
Beijing, Jan 20 (IANS) Ending speculation about his whereabouts, Alibaba Co-founder Jack Ma has reappeared in public view after months amid increased scrutiny of his companies by Chinese regulators.
2021-01-20
Category: International, China,Business/Economy,Technology
HP hires Sarabjit Baveja as chief strategy, incubation officer
San Francisco, Jan 20 (IANS) PC and printer major HP Inc has appointed Sarabjit Singh Baveja as Chief Strategy and Incubation Officer who will lead the strategy, corporate development and new business incubation efforts focused on driving new sources of growth and long-term value creation.
2021-01-20
Category: International, Costa Rica,Business/Economy,Technology
Tata Communications stocks plunge as govt plans stake sale
Mumbai, Jan 20 (IANS) Shares of Tata Communications plunged over 6 per cent on Wednesday after the government announced to sale its entire 26.12 per cent stake in the company.
2021-01-20
Category: India, Maharashtra,Business/Economy
Expert sees high-quality development of China's economy
Tokyo, Jan 20 (IANS) Official data from China showed Monday that the country's gross domestic product (GDP) expanded 2.3 per cent year on year in 2020.
2021-01-20
Category: International, Japan,Business/Economy,Politics
Fuel prices unchanged on Wednesday after hitting record levels nationwide
New Delhi, Jan 20 (IANS) Petrol and diesel prices remained unchanged on Wednesday after oil marketing companies went on a pause mode to provide relief to consumers after prices of auto fuels went up consistently for the past few days.
2021-01-20
Category: India, Delhi,Business/Economy
Adani Green commission 150 MW solar power plant in Kutchh
New Delhi, Jan 20 (IANS) Adani Solar Energy Kutchh One Limited, a step-down subsidiary of Adani Green Energy Limited (AGEL) has commissioned 150 MW solar power project.
2021-01-20
Category: India, Delhi,Business/Economy
L&T's power transmission biz bags contracts in Bangladesh
Mumbai, Jan 20 (IANS) The power transmission and distribution business of Larsen & Toubro (L&T) has won a slew of transmission line orders worth Rs 2,500-5,000 crore in Bangladesh.
2021-01-20
Category: India, Maharashtra,Business/Economy
Equity indices rise, Sensex above 49,600
Mumbai, Jan 20 (IANS) The key Indian equity indices rose on Wednesday morning with the BSE Sensex gaining over 200 points.
2021-01-20
Category: India, Maharashtra,Business/Economy
IPOs soak liquidity before an imminent sell-off
New Delhi, Jan 20 (IANS) There is a flurry of activity in the IPO market as it soaks up liquidity in a hurry fearing a big sell-off in the stock market before or after the presentation of the Union Budget on February 1.
2021-01-20
Category: India, Delhi,National,Business/Economy
UST Global rebrands itself as UST, consolidates sub-brands
Bengaluru, Jan 19 (IANS) Digital transformation solutions provider UST Global on Tuesday annouced the rebranding of its name to UST.
2021-01-19
Category: India, Karnataka,Business/Economy
IBC changes for starting proceedings against corporate debtor valid: SC
New Delhi, Jan 19 (IANS) The Supreme Court on Tuesday upheld the constitutional validity of amendments to the Insolvency and Bankruptcy Code (IBC) in 2020, under which a minimum of 100 or 10 per cent of allottees of a housing project have to come together to file an application to initiate IBC proceedings against a defaulting developer.
2021-01-19
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
Microsoft joins GM to build self-driving cars, invests in $2bn fund
San Francisco, Jan 19 (IANS) Before Apple begins its electric car journey, Microsoft on Tuesday teamed up with Cruise, the self-driving subsidiary of General Motors (GM), to accelerate the commercialisation of self-driving vehicles.
2021-01-19
Category: International, Costa Rica,Business/Economy,Technology
Byju Raveendran, Kunal Bahl named to startup advisory panel
New Delhi, Jan 19 (IANS) Byju's founder Byju Raveendran, and Snapdeal Co-founder Kunal Bahl, among others, have been nominted as non-official members on the National Startup Advisory Council.
2021-01-19
Category: India, Delhi,Business/Economy
Insurance awareness improves amid pandemic: Survey
New Delhi, Jan 19 (IANS) Awareness on life insurance products improved among Indians amid the pandemic, showed a survey by Max Life Insurance.
2021-01-19
Category: India, Delhi,Business/Economy
Aluminium industry seeks duty protection in Budget to check dumping
New Delhi, Jan 19 (IANS) Facing a staggering 10 per cent compounded annual growth in imports over last decade, the Indian aluminium industry has sought immediate government intervention, by way of higher import duty of 10 per cent on aluminium scrap and metal, to protect domestic production.
2021-01-19
Category: India, Delhi,Business/Economy
Delayed bid cannot be considered under IBC even if better: NCLAT
New Delhi, Jan 19 (IANS) In a major judgement, the National Company Law Appellate Tribunal (NCLAT) has held that any resolution plan proposed by a bidder who had not participated in the corporate insolvency resolution process (CIRP) cannot be considered by the NCLT, even if the plan offers a better deal.
2021-01-19
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
Citrix to acquire work management platform Wrike for $2.25 bn
San Francisco, Jan 19 (IANS) Citrix Systems on Tuesday said it will acquire software-as-a-service (SaaS) collaborative work management platform Wrike for $2.25 billion in cash.
2021-01-19
Category: International, Costa Rica,Business/Economy,Technology
Cognizant to acquire US-based software firm Magenic
San Francisco, Jan 19 (IANS) Information technology company Cognizant on Tuesday announced to acquire Magenic Technologies, a custom software development services company, for an undisclosed sum.
2021-01-19
Category: International, Costa Rica,Business/Economy,Technology
Link traffic offences with insurance premium: IRDAI committee
Chennai, Jan 19 (IANS) Fined for parking in the no-parking area a couple of times? Be ready to pay an increased insurance premium for the traffic violation.
2021-01-19
Category: India, Tamil Nadu,Business/Economy
IT Ministry tells WhatsApp to withdraw new privacy policy
New Delhi, Jan 19 (IANS) Raising concerns over the recently announced changes to WhatsApp's privacy policy, the Union Ministry of Electronics and IT has asked the messaging platform to withdraw the recent change.
2021-01-19
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
Dogfight: Airlines unleash deep discounts to dominate the sky (IANS Special)
New Delhi, Jan 19 (IANS) Fare wars induced deep discounting has reappeared in India's aviation sector, as airlines seek to augment cash reserves, consolidate market share and bring back more capacity.
2021-01-19
Category: India, Delhi,Business/Economy
MP starts DBT in power, allowed to borrow Rs 1,423 cr more
New Delhi, Jan 19 (IANS) Giving power sector reforms a fresh 'leg up', Madhya Pradesh has started Direct Benefit Transfer (DBT) of electricity subsidy to farmers in a single district of the state from December 2020.
2021-01-19
Category: India, Delhi,Business/Economy
UP fifth largest exporter during pandemic
Lucknow, Jan 19 (IANS) The Yogi Adityanath-led government in Uttar Pradesh has emerged as the fifth largest exporter of goods during the Covid-19 pandemic.
2021-01-19
Category: India, Uttar Pradesh,Business/Economy