Industry

Insolvency and Bankruptcy Code: IBBI sets up panel under UK Sinha

Insolvency and Bankruptcy Code at present provides for the resolution or liquidation of only individual stressed companies.

ibc, uk sinha News

LIC move to acquire 51% stake in IDBI hits SC hurdle, court to hear appeal against deal

The Supreme Court on Friday said it will hear next week an appeal challenging the LIC’s move to acquire 51% in the Industrial Development Bank of India (IDBI).

lic, delhi high court, idbi, supreme court News

Wipro posts 35% q-o-q rise in net at Rs 2,544 crore; Operating margin improved by 5.6%

Company improved its operating margin by 5.6% to 19.8%, but lowered its margin guidance for IT services business.

wipro, it sector, it industry News

Vodafone Idea moves Supreme Court for Rs 4,761-crore tax refund

The Supreme Court on Friday sought response from the income tax department as to why it should not refund around Rs 4,761 crore to Vodafone Idea in respect of returns for assessment years (AYs) 2014-1

vodafone ide, supreme court, sc, vodafone, idea News

IL&FS ex-officials can withdraw Rs 2 lakh per month: NCLT

The NCLT stated that its earlier order dated December 3 had been modified by the National Company Law Appellate Tribunal (NCLAT), allowing the officials to withdraw only Rs 2 lakh per month.

il&fs, industry News

India-made models among top 5 best-selling for BMW Motorrad in 2018

Premium motorcycle maker BMW Motorrad on Friday said ‘Made-in-India’ models were among the top five models sold worldwide in 2018. The motorcyles with capacity segment below 500cc, manufactured he

bmw, BMW Motorrad News

Toyota pitches for lower tax, stable norms for green vehicles

Japanese auto giant Toyota on Friday called for government support in the form of reduction in taxes and stable policy for promotion of cleaner fuel vehicles in the country.

toyota, automobile sector, automobile industry News

Fincare SFB plans to raise Rs 300 crore to fund expansion

Fincare Small Finance Bank (SFB) is planning to raise Rs 250-300 crore in the next 12 months to fund its expansion plans.

banking sector, banking industry News

How to make Indian cars safe again

While airbags, ABS, speed limit indicators have been mandated for all new vehicles, ESC and autonomous braking are expected to be incorporated by 2022-23

automobile sector, automobile industry News

Kona is North American UV of the year

Both the Kona and Kona Electric are built on all-new CUV platforms.

kona, automobile sector, automobile industry News

A self-charging EV: Toyota drives in new Camry Hybrid at Rs 36.95 lakh; its claimed fuel-efficiency is 23.27kpl

On Friday, Toyota Kirloskar Motor (TKM) launched new version of the Camry Hybrid sedan at an introductory price of Rs 36.95 lakh (ex-showroom, all-India).

toyota, aitomobile sector, automobile industry News

MRF ranks highest in customer satisfaction with tractor tyres

MRF Tyres performed strongly in the four tyre performance-related factors - durability, traction, ride quality and appearance, a press release from the company said.

Industry News

BHEL, Libcoin to build India’s first lithium-ion battery plant, says government

A holistic view of the supply chain in combination with cutting edge digital technologies to replace high capex and high opex processes will be the highlight of the project.

BHEL, Libcoin, india first lithium ion battery plant, oil imports, International Energy Agency, Paris climate News

CCI clears Amazon-Witzig bid to acquire Aditya Birla’s retail store chain

According to the Competition Commission of India (CCI), the deal involves acquisition of 99.99 per cent of the equity share capital of Aditya Birla Retail by Witzig and 49 per cent stake buy in Witzi

Amazon, Witzig, CCI,  Aditya Birla,  Aditya Birla retail store chain, Shopper Stop, K Raheja group,  Amazon NV Investment Holdings LLC News

Only 5% MSMEs have fully embraced digital technology, says Yes Bank survey

Lack of understanding in choosing the right technology solution and low impact on overall profitability are among the key challenges in adoption of technologies among MSMEs.

Industry News

HDFC Standard Life Insurance is now HDFC Life Insurance

The change in name is effective right off the bat and the company will henceforth operate under the name HDFC Life Insurance Company Ltd, it said.

HDFC Standard Life Insurance, HDFC Life Insurance, Indian life insurance sector, stock exchanges News

New DTH, Cable TV pricing: What about your existing pack, remaining balance — all queries answered

As the new TRAI rules kick in this February, taking into account confusions regarding the new plan, the telecom regulator released a set of frequently asked questions (FAQs) addressing most of the con

Telecom Regulatory Authority of India, TRAI, DTH, cable TV, free-to-air television channels, pay channels, a-la-carte basis, bouquet of a-la-carte pay channels, network capacity fee, list of MRP of pay channels News

Should Flipkart, Amazon worry? Mukesh Ambani’s novel e-commerce plan; Jio to bring 12 lakh shopkeepers online

With an aim to boost the small traders, Reliance Industries Chairman Mukesh Ambani said on Friday that the company plans to launch a commerce platform for 12 lakh small retailers and shopkeepers in Gu

Industry News

LG V40 ThinQ with five cameras coming in India on January 20 exclusively via Amazon

LG V40 ThinQ is powered by a Qualcomm Snapdragon 845 processor paired with 6GB of RAM and 128GB of internal storage

Industry News

Aditya Birla Group to invest Rs 15,000 crore in Gujarat over 3 years

The group currently has 15 manufacturing plants providing employment to around 26,000 people.

Aditya Birla Group, vibrant gujarat global summit, kumar magnalam birla, investment in gujarat News

We will also challenge Ola and Uber for their monopoly in market: CAIT

Though the policy was there since last two years, it appears that the government was bit sleeping on the issue and was not very serious about its implementation, says CAIT.

E-commerce rules do not allow FDI in inventory-based model or multi-brand retail: DIPP News

Wipro Q3 net profit up 32% on-year; announces 1:3 bonus issue

Wipro Q3 results: IT services major Wipro on Friday posted a 31.8 per cent increase in consolidated net profit at Rs 2,544.5 crore for Q3FY18 compared to the year-ago period.

Industry News

Facebook targets millenials with new Stories feature; your friends can now see where you’re going

Facebook has announced the new feature at a time when it is being said that the company is increasingly losing its younger user base

Industry News

Mukesh Amabani’s RIL to invest Rs 3 lakh crore in Gujarat in next 10 years

Ambani's Reliance Industries operates the world's largest oil refining complex at Jamnagar in Gujarat as well as petrochemical units at multiple locations in the state.

Mukesh Amabani, reliance industries, vibrant gujarat summit, mukesh ambani to invest in gujarat News

WhatsApp emerges as most popular app by Facebook: App Annie

While WhatsApp became Facebook's most popular app, India showed a 40 per cent growth in the total time spent on social and communication apps

Industry News

This NBFC raises $8 million amid rising clamour over liquidity crisis

LoanTap raised the amount via a combination of equity and debt instruments, between October to December 2018.

NBFC crisis, economic growth, GDP growth, Share of NBFC, public sector banks share News

Gautam Adani announces Rs 55,000 cr investment in Gujarat in next 5 years

The Rs 55,000 crore investment announced Friday does not include the petrochemical plant Adani plans to set up in a joint venture with BASF at Mundra.

Industry News
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