13 McDonald’s stores reopens in Delhi NCR, others to follow in “coming days and weeks,” says CPRL

CPRL, which is now wholly owned by McDonald's, after its estranged partner Vikram Bakshi transferred his share in the JV to the US-based firm, had temporarily shut down its 160 stores.

Industry News

RBI’s vision 2021 would trigger digital economy, instill confidence among general public, says fintech firms

Aiming at a 'cash-lite' society, the Reserve Bank of India last week released the vision document for ensuring a safe, secure, convenient, quick and affordable e-payment system as it expects the numbe

reserve bank of india rbi plans to detect and prevent online frauds by data analytics News

Rakesh Gangwal stands by current shareholders’ agreement, no interest in controlling Indigo, says CEO

Rahul Bhatia, his family and Interglobe Enterprises have around 38 per cent while Rakesh Gangwal, his family and his company RG Group have nearly 37 per cent as of March 31, as per the shareholding pa

IndiGo awaiting approvals to enter China News

Power producers seek removal of double taxation on imported coal

Double taxation is resulting in additional burden on already stressed power sector. India has one of the largest coal fired power generation capacities in the world with close to 200 GW of installatio

Association of Power Producers, APP, Finance Ministry, double taxation on imported coal, tax on imported coal, tax on coal, dry fuel, electricity generating firms News

NMDC mulls acquiring 100 percent stake in its Aussie arm-Legacy Iron

Legacy Iron Ore holds prospective iron ore tenements in both the central Yilgarn and Pilbara areas of Western Australia.

NMDC Legacy Iron, Australian Stock Exchange, NMDC acquisition News

Aditya Birla Health Insurance eyes break-even by FY23, strengthen focus on retail segment

The retail growth is being achieved through the bancassurance tie-ups, he said, but, did not comment on how the tie-up with the group's payments bank business will play out.

Aditya Birla Health Insurance, FY23, aditya birla, retail segment, Health Insurance schemes News

Indian Oil Corporation to evaluate impact of US sanctions on CPCL expansion

It also plans to build a petrochemicals plant of about 475,000 tonnes per annum capacity. Detailed feasibility report for the expansion project is expected to be completed by June.

Indian Oil Corporation, US sanctions, CPCL expansion, iran india oil, iran us, iran sanctions News

Japan’s LIXIL expects India among top 3 global markers outside Japan in 8 years

Under its pre-fabricated bathroom system, LIXIL is offering integrated bathroom systems through construction of the entire bathroom in a factory, flooring, tiling, walls, piping everything together an

Japan LIXIL, India global market, india economy, global markers Japan, india global business News

Boeing acknowledges flaw in 737 MAX simulator software

According to Boeing, the flight simulator software was incapable of reproducing certain flight conditions similar to those at the time of the Ethiopian Airlines crash in March or the Lion Air crash in

Industry News

RBI to boost card payments with 34% increase in PoS terminals by end of 2021

The RBI is expecting to have 50 lakh (5 million) point of sale (PoS) terminals by end of 2021 from existing 37.22 lakh (till March 2019), as per its monthly ATM and card statistics.

RBI, RBI Guidelines For Stressed Assets, Supreme Court, 12 February Circular, Election Code Of Conduct, दबाव वाली संपत्तियों के RBI की गाइडलाइंस News

Mindtree acquisition topmost agenda; will transform it in a big firm, says L&T’s A M Naik

Naik joined L&T in 1965 as a junior engineer and rose to the position of CEO and MD in 1999 and chairman in 2003. In 2017, he stepped aside from executive responsibilities and took over as Group Chair

Mindtree acquisition, Mindtree ceo, Larson and turbo, A M Naik, l&t shares, buy shares News

TCS expects significant growth across Latin America, India, South Africa, others

Last year, TCS had introduced its 'Business 4.0' strategy -- a thought leadership framework to help customers leverage digital technologies to address their growth and transformation agendas.

TCS growth TCS Latin America, TCS India, TCS South Africa, tcs profit, News

Electric scooter maker Okinawa Autotech invests Rs 200 crore to set up new plant; eyes 1 million production capacity

The new plant at Alwar in Rajasthan is being set up in a staggered manner with 5 lakh units per annum capacity to be ready by the end of this fiscal to add to the existing volume of 90,000 units a yea

Electric scooter maker, Okinawa Autotech, investment in rajasthan, manufacturing plant rajasthan, plant production capacity, rajasthan News

Major ports cargo traffic rises 6 pc to 60 MT in April

These top ports, under the central government, had handled 56.86 MT of cargo in April last year.

Industry News

Telangana CM K Chandrasekhar Rao moots changes in policy of allocating coal for power production

Rao, who visited the power plant being built by NTPC at Ramagundam in the state, held a meeting with officials. He requested that 2,000 MW be supplied from NTPC to Telangana in view of the growing pow

Telangana CM, K Chandrasekhar Rao, KCR, policy change, coal allocation, power production hyderabad, hyderabad, andhra pradesh News

Explained: Facebook, Twitter and the digital disinformation mess

The kind of disinformation now known as fake news has tainted public discourse for centuries, even millennia. But it’s been amplified in our digital age as a weapon of fearmongers, mob-baiters and e

Facebook, Twitter, fake news, facebook fake news, Digital Disinformation Mess, online fake news, elections, fake news elections , lok sabha elections, whatsapp fake news

Apple CEO Tim Cook says his era has failed by over-debating climate change

Cook, 58, said the solution to climate change won’t be found based on whose side wins or loses an election. “It’s about who has won life’s lottery and has the luxury of ignoring this issue and

Apple, apple CEO, Tim Cook, Climate Change, pollution, sustainable energy, News

Take this app: Tech firms tackle opioid crisis with software

Investments in digital therapeutics startups nearly doubled in 2018 to some $811 million, according to the research firm CB Insights, with $191 million tallied so far in 2019.

smartphone, smartphone technology, technology News

Boeing acknowledges defects in 737 MAX simulator software

Boeing acknowledged Saturday it had to correct defects in its flight simulator software used to train pilots to fly the 737 MAX, the aircraft model involved in two deadly crashes that killed 346 peopl

Boeing acknowledges defects in 737 MAX simulator software (Reuters File photo) News

Positive signs for Goa mining to be visible in six months, says CM Pramod Sawant

The five-decade-old mining industry in the coastal state came to a standstill in March last year, after the Supreme Court quashed the second renewal of 88 iron ore mining leases.

Industry News

Private equity firm ADV Partners buys Tata DLT

Tata International and Sri Lanka-based Dutch Lanka Trailer Manufacturers (DLTM) are about to sell their 50-50 joint venture company Tata International DLT (Tata DLT) to Canyon Point Investment, a whol

Private equity firm ADV Partners buys Tata DLT (Website image) News

JK Cement Q4 net profit jumps 55% to Rs 150 crore

JK Cement Saturday reported 55 per cent rise in net profit to Rs 150 crore for the fourth quarter ended March 2019.

Industry News

Healthtech startups leveraging changing market trends that goes beyond doctor consultation, medicine delivery

With a rising level of disposable income and standard of living, various new concepts have made their way into the lives of consumers such as effervescent nutrition, plant-based diets, pilates and m

health insurance, Fixed Benefit health insurance, Indemnity Based Health Insurance, health insurance plans, critical insurance cover, News

Facebook should stop doing ‘superficial’ things and change business model, says early investor; here’s why

Underscoring the negative impact on privacy and democracy with respect to technology, Roger McNamee said that collecting tons of private data and using it in ways that customers are not aware of is th

Facebook, Facebook restricts Live feature, New Zealand shooting, Mark Zuckerberg, Facebook Live, Jacinda Ardern, Emmanuel Macron, tech news

Baring Private Equity Asia acquires 30 pc stake in NIIT Technologies

In a filing to BSE Saturday, NIIT Technologies said Hulst B.V. acquired 18,848,118 equity shares of the company with face value of Rs 10 each on May 17. The Netherlands-registered Hulst B.V. is indire

Industry News

Boeing loses veteran Jetliner salesmen amid crucial market test

With the turnover, Boeing loses executives with deep customer relationships in some of its most critical markets as the company tries to rebuild confidence in the 737 Max after two fatal crashes.

Industry News

Amazon turning into super app: Re-enters travel space with flight bookings in India, partners with Cleartrip

Amazon has started offering flight tickets booking on its platform loaded with cashbacks for both -- Prime and non-Prime customers. It has partnered with online travel aggregator Cleartrip for the ser

Industry News
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