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  • Uber Technologies, Dara Khosrowshahi, Uber trips, India, micro entrepreneurs , softbank, SoftBank Vision Fund, ola
    Fare Game: Uber to continue solo ride, keep investing in India despite losses

    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.

  • electoral bonds, New Delhi, KYC norms, arun jaitley, Kolkata, Chennai 
    First tranche of electoral bonds from March 1

    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.

  • Telecom department,  PSUs, BSNL, MTNL, TCIL, BharatNet, Preferential Market Access policy, DoT
    Telecom department unveils plan to revive ailing PSUs

    The plan focuses on Make in India by giving preference to domestic firms in govt tenders

  • housing boards, public sector undertakings, BMTPC, infrastructure, Hardeep Singh Puri
    Housing: Government for new tech adoption

    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.

  • Infosys, Rajiv Bansal, NR Narayana Murthy, sebi, Vishal Sikka, news on Infosys, Infosys founder
    Infosys files over Rs100-crore counterclaim against ex-CFO

    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.

  • Ranbaxy, Religare Enterprises, Fortis Healthcare, SFIO, Singh brothers, Malvinder Mohan Singh, Axis Bank, yes bank
    Not running away, say Ranbaxy ex-promoters

    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.

  • Ikea, 2018-19 Budget, Ikea India, Rajat Wahi, Deloitte India, Hyderabad, Navi Mumbai, Indian furniture market , Hyderabad
    Duty hike to push up prices; India investment to cross Rs 10,000 cr: Ikea

    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.

  • FourKites, chennai, Bain Capital Ventures, Hyde Park Venture Partners, Eric Carlborg, AB InBev, South Africa
    FourKites raises $35 m in Series B funding

    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.

  • Sumitomo, Tokyo, Krisumi Corporation,  Krishna Group , Indonesia, Real Estate act
    Japanese entry: Sumitomo plans $2-billion realty project with Krishna Group

    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.

  • Asset recycling, NHAI, Brookfield and Australian firm Macquire , TOT model, IRB Infrastructure, news on NHAI
    Asset recycling: NHAI plan tots up healthy interest

    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.

  • PNB transfers, Punjab National Bank employees, CASA base, transfer policy of the bank, pnb fraud case
    PNB transfers 1,415 employees

    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.

  • ICAI, PNB, Gitanjali Gems, PNB Gitanjali Gems auditor, PNB frauid, nirav modi, mehul choksi
    Followed law of land to recover dues: PNB

    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.

  • Allahabad Bank, Rotomac group companies, RBI, Rotomac Global Pvt Ltd, NCLT, SARFAESI, Allahabad, BSE filing
    Allahabad Bank’s total exposure to 3 Rotomac group firms at Rs 516.79 cr

    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.

  • Punjab National Bank, mutual funds, HDFC MF, UTI MF, Aditya Birla Sun Life, Franklin Templeton, Value Research
    MFs see little risk in PNB debt papers

    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.

  • Federal Bank, Kerala, Equirus Capital, Structure Finance, Debt & Equity Capital Markets, Capital Market products and Advisory
    Federal Bank acquires 26% stake in Equirus Capital

    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 IPF, Sebi, commodity derivatives market
    MCX revises compensation limits for investors

    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.

  • Gujarat, Gujarat government, Nafed groundnut procurement,  minimum support price, Grofed, groundnut in Gujarat
    Gujarat fails to fulfill conditions for Nafed groundnut procurement

    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.

  • MINI, MINI design, NSIC Grounds, MINI installation at India Design 2018, MINI Convertible, Creative Solutions, India Design 2018
    The evolution of MINI design

    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.

  • Amrapali promoters, Amrapali Group, Supreme Court, Insolvency and Bankruptcy Code 2016 , Leisure Valley project, Ranjit Kumar, National Company Law Tribunal 
    Here is why Amrapali promoters may be jailed

    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.

  • Idea Cellular, 4G smartphone, Nirvana voice combo plans, 4G handset affordability, Reliance Jio
    Idea Cellular offers Rs 2000 cashback on purchase of new 4G smartphone – How to avail

    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.

  • Power generation, plant load factor, Rajasthan, power supply shortage, power sector, thermal generation
    Power generation rises 5.8% in January

    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.

  • Biocon, USFDA, Malaysian facility, Bengaluru, FDA, BSE shares, BSE shares of biocon, Bengaluru
    Biocon gets USFDA observations for Malaysian facility

    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.

  • Airbus engine issue, P&W, A320neos, European Aviation Safety Agency, European aircraft manufacturer
    Airbus engine issue: P&W submits revised solution

    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, cloud based software solutions company, Samsung, Capillary Technologies, Starbucks, Vikram Chogle, China, west asia
    Capillary Technologies raises $20 million

    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.

  • PF deposits interest rates, EPFO, Sukanya Samriddhi Account Scheme, Kisan Vikas Patra, finance ministry, Exchange Traded Fund investments, EDLI scheme
    Not a good news! PF deposits interest rates slashed – Check details

    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.

  • TRAI, telecom, Cellular Operators Association of India, Kotak Institutional Equities, Credit Suisse, narendra modi,  predatory pricing, news on TRAI, latest news on TRAI
    Predatory pricing: Legacy telcos, association warn TRAI of legal action

    Also say may take grievances to DoT, PMO, imply rules disfavour ‘all but one operator’

  • Love-Jihad, Supreme Court, Love-Jihad case, Kerala Love-Jihad case
    Nirav Modi PNB fraud case: SC refuses order on plea for SIT

    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.

Horoscope: By Peter Vidal

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