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Industry News
Airbus says will obey WTO ruling on aircraft subsidies
Reuters | May 22, 2018 11:56 AM
Airbus plans to set out measures on Tuesday that will bring it into line with a World Trade Organization ruling on subsidies for its A350 and A380 jets, a senior lawyer said.
Tata Steel to raise Rs 16,500 cr debt to fund Bhushan acquisition
PTI | May 22, 2018 4:13 PMDomestic giant Tata Steel today said it will raise Rs 16,500 crore through debt instruments to fund Rs 32,500 crore acquisition of Bhushan Steel Ltd (BSL).
India may not accept arbitration orders annulling Cairn, Vodafone tax demands
PTI | May 22, 2018 3:38 PMPNB fraud: Ex-CEO, two EDs didn't take 'any meaningful corrective measures' on RBI notices, says CBI
Reuters | May 22, 2018 8:40 AMSony buys EMI Music Publishing in USD 1.9bn deal
PTI | May 22, 2018 7:17 AMTata to bad news?
FE Bureau | May 22, 2018 5:25 AMAfter Flipkart-Walmart deal, here comes India’s ‘Mega’ offline sale; Vishal Mega Mart to be sold to new owners
FE Online | May 21, 2018 4:52 PM-
Maharashtra grants sale licences for 370 varieties of Bt cotton
Nanda Kasabe | May 23, 2018 1:31 AMThe Maharashtra government seems to have stepped up its vigil against co-marketing of Bt cotton seeds.
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MPEDA successfully demonstrates open pond culture of Asian sea bass
FE Bureau | May 23, 2018 1:27 AMState-run Marine Products Export Development Authority (MPEDA) said on Tuesday that it has successfully demonstrated open pond culture of Asian sea bass, which can significantly increase the yield of this much-in-demand seafood with huge export potential and help small and marginal farmers to adopt this method in a cost-effective manner.
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United States looking at sanctions against Chinese giant ZTE, says Donald Trump
PTI | May 23, 2018 1:25 AMHe was responding to questions on the criticism by his political opponents on his decision asking the Commerce Secretary Wilbur Ross to review the sanctions against ZTE.
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HealthHunt: Healthy lifestyle matters
Sudhir Chowdhary | May 23, 2018 12:59 AMHealthHunt is a content-led marketplace in the health and wellness space that is gravitating towards an AI-based platform.
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NestAway to onboard 1 million tenants in next 5 years
Mohd Ujaley | May 23, 2018 12:54 AMThe online home rental marketplace is focusing on student housing in Kota, New Delhi and Bengaluru
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United States small businesses report rising confidence, earnings, says federal reserve survey
Reuters | May 23, 2018 12:42 AMOf the 64 percent of small businesses that reported trouble paying operating costs, buying inventory or making debt payments, two-thirds relied on an owner or investor’s personal funds.
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General Electric seeking to shed insurance business- say sources
Reuters | May 23, 2018 12:33 AMThe sources, who asked not to be identified because the matter is confidential, cautioned that no deal is certain given the liabilities that GE faces in its insurance business. A GE spokeswoman declined to comment.
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DGCA can grant exemptions from flight duty limits, but not as routine: HC
PTI | May 22, 2018 11:31 PMThe regulator was also asked to place on record the applications of airlines seeking exemptions or variations in FDTLs from December 1 last year till date and the orders passed by the DGCA in each case.
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Suspended pilots undertook flight simulator training: Jet to HC
PTI | May 22, 2018 11:24 PMThe admission on affidavit is contrary to the airline’s earlier oral denial of the allegation that its suspended pilots undertook flight training and duties during the suspension period.
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NSE issues show-cause notice to UB Holdings, 15 others for shares delisting
PTI | May 22, 2018 10:55 PMSeparately, the BSE and NSE also added today Amtek Auto to its list of companies whose shares would face additional surveillance measures.
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Paytm to educate women on financial services
PTI | May 22, 2018 10:45 PM“With this program, Paytm Payments Bank aims to educate these women about the financial services and create new employment opportunities across smaller towns and cities in India’s formal banking systems,” a statement by the bank said.
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SoftBank confirms selling ‘entire stake’ in Flipkart to Walmart
PTI | May 22, 2018 10:17 PMJapan’s SoftBank has decided to sell its over 20 per cent stake in e-commerce major Flipkart to US retailer Walmart for an estimated USD 4 billion.
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SBI to sell stake in SBI General Insurance, SBI Card and SBI Capital Market soon, says State Bank of India’s chairman Rajnish Kumar
PTI | May 22, 2018 9:13 PMState Bank of India’s chairman Rajnish Kumar today said the lender is looking at selling stakes in some of its subsidiaries over the next two years.
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No charges for cancelling flight tickets within 24 hours of booking? Check what Modi govt’s proposal says
PTI | May 22, 2018 8:46 PMUnder the existing rules, different airlines charge varying amounts on cancellation.
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Chinese telecom firm Huawei’s smartphone brand Honor aims to be among top 3 smartphone brands in India
PTI | May 22, 2018 8:31 PMHuawei India’s consumer business group vice president for sales, P Sanjeev said the company has adopted ‘India first’ strategy to achieve its global target of being among top 3 brands by 2022.
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Bill Gates reading list: 5 books he says you should read this summer
FE Online | May 22, 2018 6:52 PMThe 62-year old technology expert, philanthropist, investor and co-founder of Microsoft Corporation Bill Gates has shared top five books one should read this summer.
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How surging bad loans have forced banks to keep increasing provisions
FE Online | May 22, 2018 6:01 PMIn value terms, the NPAs of these 26 banks were Rs 7.31 lakh crore and have increased by Rs 2.5 lakh , says rorIn value terms, the NPAs of these 26 banks were Rs 7.31 lakh crore and have increased by Rs 2.5 lakh crore this year over March 2017,e this year over March 2017,
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Want to buy Samsung Galaxy J6 at just Rs 990 only? Here is how to avail offer in Flipkart sale
FE Online | May 22, 2018 5:53 PMFlipkart is offering Samsung Galaxy J6 at Rs 13,990. However, there are various offers along with the smartphone which can bring the price of the smartphone so low that it will not burn a hole in your pocket.
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Facebook boss Mark Zuckerberg faces European Parliament over data scandal
AFP | May 22, 2018 5:48 PMFacebook chief Mark Zuckerberg faces tough questions later today at the European Parliament over the fallout from the Cambridge Analytica data breach scandal.
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Bharti Group exits Biyani’s Future Enterprises by selling its 13.64% stake
PTI | May 22, 2018 5:45 PMBharti Group has exited from Kishore Biyani-led Future Enterprises by selling its 13.64 per cent stake for an estimated sum of over Rs 240 crore. Cedar Support Services, a Bharti Group entity, sold its entire 61,919,069 shares aggregating to 13.64 per cent stake in Future Enterprises on May 17.
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Record $1 billion loss signals ‘Happy Year’ for SBI
Bloomberg | May 22, 2018 5:32 PMState Bank of India, the country’s largest lender by assets, joined its private peers in shrugging off losses as investors believe the lenders have finally got a handle on bad loans.
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Will Air India ever be sold? Top official reveals what government will do if it doesn’t get right price
FE Online | May 22, 2018 5:20 PMA top government official has said that the government could, after all, decide not to sell the national carrier Air India, which has so far struggled to find takers since it was put on the block.
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China, US near deal on ZTE reprieve; Beijing cuts auto tariffs
Reuters | May 22, 2018 5:14 PMWashington neared a deal to lift its ban on US firms supplying Chinese telecoms gear maker ZTE Corp, sources said on Tuesday, and Beijing announced tariff cuts on car imports, further easing trade tensions between the world’s two largest economies.
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SBI’s Q4 net provisioning is six times than HDFC Bank’s Q4 net profit
Abhijeet Singh | May 22, 2018 5:10 PMIndia’s largest lender by assets SBI on Tuesday reported its highest-ever quarterly loss of Rs 7,718.17 crore for the January-March period of the financial year finished 31 March 2018 as compared to a standalone net profit of Rs 2,814.82 crore in the same period of the previous fiscal.
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Air Sewa: What government proposed on flight ticket cancellation charges, refunds, compensation
FE Online | May 22, 2018 4:56 PMThe Civil Aviation Ministry on Tuesday released the first draft of the passengers’ charter, proposing rules for airline ticket cancellation fee, compensation for missing a connecting flight and plans to introduce wifi services in flights.
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Its launched! Honor 7A, Honor 7C price in India, specifications and offers; All details here
FE Online | May 22, 2018 4:30 PMHuawei’s sub-brand Honor launched two new smartphones in India on Tuesday. Honor 7A and Honor 7C were launched for the Indian market at an event in New Delhi.
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Tata Steel to raise Rs 16,500 cr debt to fund Bhushan acquisition
PTI | May 22, 2018 4:13 PMDomestic giant Tata Steel today said it will raise Rs 16,500 crore through debt instruments to fund Rs 32,500 crore acquisition of Bhushan Steel Ltd (BSL).
Horoscope: By Peter Vidal
SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more
