BUSINESS

Anil Ambani welcomes SC order on Rafale

Anil Ambani welcomes SC order on Rafale

December 14, 2018 2:14 pm

New Delhi: Reliance Group Chairman Anil Ambani Friday welcomed the Supreme Court order on the multi-billion dollar Rafale jet deal, saying it established the falsity of politically motivated allegations against his firm. In its ruling on a batch of petitions seeking a probe into the deal, the apex court said there was no occasion to […]

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Prabhu, US Commerce Secretary to discuss trade issues on Feb 14

Prabhu, US Commerce Secretary to discuss trade issues on Feb 14

December 13, 2018 9:29 pm

New Delhi: Commerce and Industry Minister Suresh Prabhu will hold bilateral discussions on trade issues with US Commerce Secretary Wilbur Ross on February 14 here, an official said. Both the ministers would meet as part of the bilateral commercial dialogue. The talks assumes significance as officials of both the sides are negotiating a trade package […]

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Boosting exports key to make India $5-tn economy by 2025: Kant

Boosting exports key to make India $5-tn economy by 2025: Kant

December 13, 2018 9:00 pm

Mumbai: NITI Aayog chief executive Amitabh Kant Thursday said that India’s exports need to increase significantly if the country has to become a USD 5-trillion economy by 2025. Kant also noted that the private sector will play a major role in pushing the country’s economy towards the ambitious USD 5-trillion target. “In the last four […]

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Celebrities all decked up at Isha Ambani's wedding

Celebrities all decked up at Isha Ambani’s wedding

December 13, 2018 12:24 am

New Delhi: This is the season of big fat Indian weddings, and Isha Ambani and Anand Piramal’s extravagant wedding is being attended by the who’s who of Bollywood. Apart from b-town celebrities, sports personalities and other industrialists have been spotted at the regal wedding. While the wait for the pictures of the bride and groom is on, some celebrities have already shared their […]

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Rolls-Royce to switch work to Germany over Brexit

Rolls-Royce to switch work to Germany over Brexit

December 12, 2018 8:00 pm

London: Rolls-Royce on Wednesday said it was switching to Germany from the UK its design-approval of large aircraft engines after Prime Minister Theresa May delayed parliament’s vote on the Brexit deal. “Rolls-Royce notes the decision by the UK government to delay the vote on the proposed Withdrawal Agreement and political declaration,” the company said in a trading update. May has postponed a historic vote in parliament […]

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Alstom, Siemens offer Brussels merger concessions

Alstom, Siemens offer Brussels merger concessions

December 12, 2018 3:18 pm

Paris: French and German engineering giants Alstom and Siemens said Wednesday they had offered EU regulators concessions they believed would meet concerns over the planned merger of their railway businesses. The European Union, citing the possible impact on competition, launched an in-depth investigation earlier this year into the merger of the rail activities at Alstom, the state-controlled maker of France’s iconic […]

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Food tampering incident: Zomato to introduce tamper-proof tapes

Food tampering incident: Zomato to introduce tamper-proof tapes

December 12, 2018 2:59 pm

New Delhi : Online food ordering firm Zomato has said it will introduce tamper-proof tapes for its packets and take other measures after a video showing its delivery partner in Madurai eating food from ordered boxes for customers went viral. In a statement, Zomato said the video was shot in Madurai and the person in the video is a delivery partner on its fleet. “In our commitment […]

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Sensex jumps over 300 points after appointment of new RBI Governor

Sensex jumps over 300 points after appointment of new RBI Governor

December 12, 2018 1:54 pm

Mumbai: Rising for the second straight session, the equity benchmark BSE Sensex Wednesday advanced over 300 points in early trade after former bureaucrat Shaktikanta Das was named as the new governor of the RBI. The 30-share index was trading higher by 324.94 points, or 0.92 per cent, at 35,474.95. All the sectoral indices, led by […]

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Sensex jumps over 300 points after appointment of new RBI Governor

Shaktikanta Das named new RBI Governor

December 11, 2018 9:25 pm

New Delhi: Former bureaucrat Shaktikanta Das, who spearheaded the post-demonetisation normalisation of the economy, was Tuesday named the new governor of the Reserve Bank of India. Das, 61, replaces Urjit Patel, who shocked the establishment and markets by announcing his exit from the central bank Monday. Das will have a three-year term, an official order […]

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India sweeps Asian boxing Confederation's online poll

38 pc British firms made new investments in India in 2017: Report

December 11, 2018 8:41 pm

New Delhi : Close to two fifths (38 per cent) of British companies made new investments in India in 2017 and created 51,188 new private sector jobs from 2016 to 2018 — a 14 per cent rise over the previous 18 months, according to a report released Tuesday. The ‘Sterling Assets: Britain Meets India’ report […]

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