Industry

Blocked on WhatsApp? Here’s how you can get back without losing data

WhatsApp wants to discourage users from downloading unauthorized WhatsApp substitute apps

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Amazon workers strike as ‘Prime’ shopping frenzy hits

"We know Prime Day is a big day for Amazon, so we hope this strike will help executives understand how serious we are about wanting real change that will uplift the workers in Amazon's warehouses," st

amazon prime sale, Amazon workers strike, amazon prime shopping event,  Amazon warehouses, amazon peime day, amazon big day News

Amazon Prime Day 2019: Sales triple of normal day

Sales of consumable products on Amazon during the first nine hours of Prime Day -- a two-day sale that began Monday -- are about triple what they are on a typical sales day, according to CommerceIQ, w

Amazon Prime Day 2019, Amazon.com Inc. shoppers, amazon prime day sales,  Costco Wholesale Corp, Walmart Inc, EBay Inc News

Better times ahead for PayTV as advertisers rejig marketing strategy

The development has generated mixed reactions within the media fraternity. It is believed that there may be little to no impact on the viewership of the channels, in spite of being reported independen

PayTV, marketing strategy, TV shows, industry news, FTA, 9X Media, Star Plus, Zee TV, pay tv channels, pay tv india, pay tv market, ott News

IL&FS probe: ED to question Bawa, Sankaran this week

The financial irregularities in the books of IL&FS came into scrutiny last year, after the company failed to fulfil short-term and long-term debt obligations to the tune of Rs 91,000 crore.

IL&FS probe, ED, Bawa, Sankaran, ilfs case, ilfs news, ilfs crisis, Serious Fraud Investigation Office, FIO, industry news

Three IL&FS entities enter into pact with secured lenders

The revised agreement includes certain concessions given by debtors, including release of cash flow from existing accounts to service financial and operational creditors, reduction in debt service cov

NCLAT, ilfs news, ilfs case, ilfs crisis, L&T Infrastructure Finance Company, L&T Finance, L&T Infra Debt Fund, L&T share News

Supreme Court questions Sebi on IL&FS fraud probe

Sebi has moved the apex court against SAT’s order claiming that it should not be asked to investigate the Rs 460-crore IL&FS Securities case as it is beyond its jurisdiction to annul trades.

Supreme Court, Sebi, IL&FS fraud probe, ilfs news, ilfs crisi, ilfs  case, industry news, NSE News

Dentsu Aegis acquires a majority stake in Ugam

Merkle is headquartered in Columbia, Maryland, and has 21 additional offices in the US and 33 offices in Europe and APAC. It has around 7,000 employees. In 2016, the agency joined the Dentsu Aegis Net

Dentsu Aegis, Ugam, acquisition, Dentsu Aegis Network SEA, Happy Marketer Group, industry news

Hero Electric to expand capacity, dealer network

Think tank Niti Aayog has proposed to convert all two-wheelers running on internal combustion engine to electric by 2025 — a move that has given a significant boost to the EV industry and, at the sa

Hero Electric, capacity, dealer network, industry news,  Bajaj Auto, TVS Motor, Rajiv Bajaj, Bajaj Auto, Venu Srinivasan, EV, Electric vehicles  News

Aditya Birla Fashion to acquire 51% in Finesse International

ABFRL said the acquisition was intended to strengthen presence in the area of branded ethnic apparels and accessories, covering both bespoke ceremonial wear and pret lines.

Aditya Birla Fashion, Finesse International, Aditya Birla, Indian fashion market, Indian ethnic wear, industry news

Ashok Leyland’s Pantnagar plant production down due to weak sales

In a communication to the stock exchanges on Monday, the company stated that its plant situated at Pantnagar will remain closed from July 16 to July 24 (both days inclusive), owning to weak demand and

Ashok Leyland, Pantnagar plant, SIAM, SIAM data, industry news, Ashok Leyland share, Ashok Leyland news

Govt may bring separate policy for electronics to boost FDI

Under the current local sourcing norms, the government mandates foreign companies investing beyond 51% in single-brand retail trading in the country to locally source 30% of the value of products sold

policy, electronics, FDI, industry, Budget, foreign direct investment, PMO, IKEA, H&M, industry news, MSME, FDI, FDI inflow, DPIIT News

Enough opportunity to earn higher coupon: Lakshmi Iyer of Kotak

Lack of liquidity was one of the root causes for corporates barring the top-rated ones, for not having enough funding access and surely NBFCs were the most affected lot, but this scenario has improved

Lakshmi Iyer, Kotak, industry news,   DHFL, industry news, mutual fund, kotak bank, HFC News

DHFL says resolution plan in the works; MFs evaluate ICA

According to Ashish Pyasi, principal associate with Dhir and Dhir Associates, if mutual funds sign the inter-creditor agreement then they may not be going against provisions of the law.

DHFL, resolution plan, mutual funds, ICA, RBI, industry news, Dewan Housing Finance Corporation, Value Research  News

Markets concerned about slowdown in profit growth: First Global MD

The fall was because the market probably thought that the budget revenue estimates were too aggressive. And secondly, it fell because of the perceived tax on foreign portfolio investors.

Market, slowdown, profit growth, First Global, First Global MD, industry news, Shankar Sharma, interview News

Captive coal production inches up 2.3% in April-May

Production in four captive coal mines—allocated to Hindalco Industries, Rajasthan Rajya Vidyut Utpadan Nigam (two blocks), Jaiprakash Power Ventures and NTPC — have actually dipped in these two mo

Captive coal, coal production, Rajasthan Rajya Vidyut Utpadan Nigam, NTPC, coal ministry, Supreme Court News

Budget 2019: Sitharaman’s renewed efforts for BharatNet a bonus for music streaming apps

Budget 2019-20: Finance Minister Nirmala Sitharaman is proposing big overhauls for BharatNet that will likely benefit music streaming industry

Budget 2019 News

Maharashtra govt invites Ramdev to set up unit on land reserved for BHEL plant

The electricity charges will also have Rs one per unit relaxation along with refund in GST as per the state policy," stated the letter.

Industry News

NCLAT to hear ArcelorMittal’s plea on EPC Construction on August 8

Earlier on May 16, passing an interim order, the NCLAT had said if any resolution plan is approved for the company, then it would be subject to final outcome of its order.

Industry News

Infosys, TCS express worries about risks of climate change in 5 years

As many as 16 Indian companies, including IT bigwigs Infosys and TCS, have expressed worries about the risks of climate change to their businesses in the next five years, according to a report.

climate change, Infosys, Tata Consultancy Services, TCS, GAIL, Axis Bank, Kotak Mahindra Bank, State Bank of India, Mahindra and Mahindra Financial Services, Hindustan Zinc, Indian Hotels Co. Ltd, Shree Cement, Tata Chemicals, Tata Global Beverages, Tata Motors, Tata Power Co, Wipro, Arvind Ltd News

IL&FS eyes Rs 480 crore from sale of two towers at Gift City

Bankrupt IL&FS group has put on block its entire commercial real estate assets in the Gujarat International Finance Tec-City (Gift City) for sale, which according to sources, is likely to fetch around

Industry News

RBI slaps Rs 7 crore penalty on SBI for violating various norms

Based on the inspection report and other relevant documents, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with directions

Banking & Finance News

Sony WH-XB900N Review: The no-nonsense headphones for premium customers

Sony is upping its game in the premium audio segment and WH-XB900N is its fresh addition

Industry News

Budget 2019: 100% FDI for insurance intermediaries to boost number of new businesses, product offerings

Budget 2019 India: India’s insurance gap worth $27 billion (in absolute terms) is the second largest in the world after China's over $76 billion.

Budget 2019 News

RBI imposes Rs 10 lakh penalty on Union Bank of India

After considering the replies received from the bank, and submissions made during the personal hearing, the RBI decided to impose the penalty, the central bank said.

Banking & Finance News

Amazon Prime Day Sale 2019: OnePlus 7 up for grabs with great deals, check details here

Amazon launched the Mirror Blue variant of the OnePlus 7 in the Prime Day Sale.

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Budget 2019: Nirmala Sitharaman’s sops for NBFCs to boost their access to capital, lending capacity to MSMEs

Union Budget 2019 India: Enhancing credit guarantee for portfolio purchases will improve the flow of funds to healthy NBFCs. This will help NBFCs provide unsecured lending to MSMEs that struggle for c

Budget 2019, Union Budget 2019 India, Budget 2019 India, Budget 2019-20, News
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