Cab hailing firm Uber Technologies will continue to invest in India though it continues to lose money here, because the company considers the country an important and core market.
The first tranche of electoral bonds, aimed at improving transparency in the poll-related funding system, will be available at four branches of State Bank of India (SBI) from March 1, the finance ministry said on Thursday.
The plan focuses on Make in India by giving preference to domestic firms in govt tenders
In a bid to further boost the housing sector, the government has urged all public agencies such as housing boards, railways, defence and public sector undertakings (PSUs) to adopt new technologies for housing projects, minister of housing and urban affairs Hardeep Singh Puri said.
The legal dispute between Infosys and its former CFO Rajiv Bansal has taken an interesting turn with the company filing a counterclaim to the tune of over
Rs 100 crore with the arbitration judge.
Under pressure, Singh brothers — Malvinder and Shivinder — on Thursday said they were “not going anywhere”, as they face payment of Rs 3,500-crore arbitration award to Daiichi Sankyo and a probe into alleged financial irregularities at Fortis Healthcare and Religare Enterprises.
Swedish retailer Ikea on Thursday said the company is looking to offer the lowest price possible in the Indian market and products could start from as low as `200, as the retailer plans to cater to customers across segments.
Chennai-based predictive supply chain start-up FourKites on Thursday announced raising $35 million in Series B funding to further its geographic and product expansion.
Tokyo-based diversified conglomerate Sumitomo Corporation on Thursday announced its joint venture worth $2 billion with Indian partner Krishna Group for an integrated township project in Gurgaon.
The National Highways Authority of India’s (NHAI) plan to augment its non-debt resources by transferring its operational projects on long-term lease basis to domestic and foreign “patient capital” investors has got off to a good start.
Punjab National Bank (PNB), which is facing a `11,394-crore fraud, has transferred 1,415 employees this week, it said in a statement, seeking to scotch rumours that the public-sector bank has shifted as many as 18,000 employees after the scandal.
Rebuffing claims by diamond merchant Nirav Modi that it stopped all options of recovery of dues by going public on the `11,394-crore fraud, PNB has asserted that it only acted in accordance with the law of the land.
Public sector lender Allahabad Bank has a total of Rs 516.79 crore exposure to three Rotomac group companies and the it has made provisions against these non-performing asset (NPA) accounts.
Despite holding debt papers worth over Rs 3,200 crore of the Punjab National Bank (PNB), mutual fund houses are confident that there would be minimal impact even if there is a rating downgrade of the bank.
Kerala-based Federal Bank on Thursday announced that it would acquire a strategic minority stake of 26% in Equirus Capital (ECPL), subject to statutory and regulatory approvals and satisfactory completion of financial and legal due diligence.
Multi Commodity Exchange of India (MCX), which has established and maintains an investor protection fund – ‘Multi Commodity Exchange Investor (Client) Protection Fund’ (MCX IPF), has reviewed the present limits of compensation and has decided to revise it.
As the Gujarat government has failed to arrange warehouses and fulfill the conditions set by the central government for additional procurement of groundnut, Nafed has not begun fresh procurement in the state.
You can find various shades of MINI—the iconic British small car—and how its design has evolved over the decades, at the ongoing India Design 2018, the design and home décor week taking place from February 22-25 at NSIC Grounds in New Delhi.
Expressing serious concern over the interests of homebuyers, the Supreme Court on Thursday warned the Amrapali Group to hand over flats of the Leisure Valley project on time, failing which its promoters will be sent to jail.
In a first of its kind offer, the country’s third largest telecom operator, Idea Cellular, has announced a cashback of Rs 2,000 for all its prepaid and postpaid subscribers who purchase a new 4G smartphone beginning Friday.
In what could be seen as a silver lining for the power sector, generation from conventional sources went up by 5.8% year-on-year in January to 101.1 billion units (BU). Since electricity cannot be stored, generation is the most robust indicator of demand.
Biopharma major Biocon on Wednesday said it had received six observations from the US regulator US Food and Drug Administration (USFDA) during an inspection of its Malaysian facility.
Connecticut-based engine manufacturer Pratt & Whitney (P&W) on Wednesday said it has released a revised configuration as a solution to the issue relating to its PW1100G engine which affected a limited sub-population of this engine type, and has made changes to a knife-edge seal on the high pressure compressor (HPC) aft hub that powers the Airbus A320neo aircraft.
Capillary Technologies, a cloud-based software solutions company, has raised $20 million in funding from existing investors which include Warburg Pincus and Sequoia Capital, according to a statement from the company.
The EPFO on Wednesday lowered the rate of interest on the Employees Provident Fund (EPF) to 8.55% for 2017-18, from 8.65% in the previous financial year.
Also say may take grievances to DoT, PMO, imply rules disfavour ‘all but one operator’
The Supreme Court on Wednesday refused to pass any order on a public interest litigation (PIL) seeking an investigation into the role of the Punjab National Bank (PNB) top brass and deportation of billionaire jeweller Nirav Modi in the Rs 11,400-crore fraud case.