Industry

20,000 and growing: India’s start-ups take root in all 29 states

Start-Ups: More than three years after the launch of Start-Up India scheme by Prime Minister Modi, now all 29 states have 6 union territories have regonised start ups.

Start Up, Fund of funds for start ups, SIDBI, Alternate Investment Funds News

Now, buy eBay products on Paytm Mall; Vijay Shekhar Sharma’s firm gets US MNC’s investment, inventory

With this, Paytm Mall customers can shop for products available on eBay. “This will make eBay inventory accessible to tens of millions of Paytm Mall active customers in India."

paytm, paytm transations, Digital payments, UPI transactions, merchant payments, industry news

L&T Hydrocarbon Engineering bags over Rs 7,000 crore order from Saudi Aramco

"This award is received by the consortium of LTHE with EMAS AMC (A Subsea7 company)," Larsen and Toubro stated in a BSE filing.

L&T Hydrocarbon Engineering, Saudi Aramco, BSE, EMAS AMC, latest news on Larsen & Toubro News

Microsoft begins process to automatically update Windows 10 Home, Pro to version 1903

It is to be noted that Windows 10 Home and Pro users who get the 1903 update can still pause it for up to 35 days.

windows update assistant, windows update, windows update troubleshooter, windows update catalog, windows update 1903, windows update assistant 1903, windows update error, windows update service, windows update 1809, windows update service News

Bihar industry body meets Vice President Venkaiah Naidu; discusses economic issues

The delegation, headed by its president KPS Keshri, also extended an invitation to Naidu to address BIA members during his visit to Patna.

Bihar industry body, Venkaiah Naidu, Anil Kumar Sinha, Delhi, Sanjay Goenka, Nityanand Rai News

Facebook faces more scrutiny from Congress over Libra cryptocurrency plan

The social media company is fighting to get Washington on its side after it shocked regulators and lawmakers with its announcement on June 18 that it was hoping to launch a new digital coin called Lib

Facebook, Libra cryptocurrency plan, data privacy, facebook inc, digital coin News

Facebook’s Libra prospects dim, but cryptocurrencies roll on

Lawmakers have also raised concerns over Facebook's spotty record on privacy and data protection. Facebook's scale -- with some 2.7 billion users for all its applications -- means the proposed Libra c

Facebook Libra, cryptocurrencies, global digital coin, Washington, G7 finance ministers, Libra currency, global financial system, US government News

IBC recovery: Cabinet puts financial creditors back on top again

Sources said the government is also considering making a submission explicitly stating the intent of the law before the Supreme Court where the Essar Steel ruling has been challenged by the CoC led by

IBC recovery, Financial creditor, NCLAT, industry news, NCLT, IBC, Supreme Court, essar steel News

Online shopping: Ebix to acquire Yatra for $338 million

A joint statement by the companies indicated that based on the trailing 15-day volume weighted average price (VWAP) of Ebix common stock of $49.05 per share, each Yatra ordinary share convertible into

Online shopping, Ebix, Yatra, industry news, acquisition, e commerce News

Lenders to Suzlon sign ICA for stress resolution

In April, CARE Ratings had downgraded Suzlon Energy’s long- and short-term bank facilities worth a total Rs 16,185.46 crore to ‘D’ from ‘BB’, with a negative outlook on the borrowings.

Wind power producer, Suzlon energy, ICA, stress resolution, industry news,  News

Yes Bank probing whistleblower claim

The enquiry resulted in a report that was reviewed by the board in November 2018. Based on further inputs and deliberations in December 2018, the private lender’s audit committee engaged an external

Yes Bank, Yes Bank Stocks, Ravneet Gill, Yes Bank M-Cap, NPA, Investors, Yes Bank Q4 Result, UBS Rating Downgrade, Stock Market, Yes Bank Investors, management in yes bank, whistle blower News

Jaypee Infratech: NCLAT directs CoC for fresh terms to invite bids

The appellate tribunal has listed the matter for next hearing on Monday. “The counsel appearing for lenders is allowed to file new terms andconditions in case fresh bidding takes place,” the bench

Jaypee Infratech, NCLAT, CoC, industry news,  IDBI Bank,Jaypee Infratech news

Discoms allowed to get power after giving one-day purchase guarantee

Discoms, which are not in their best health, would have to create LC for about Rs 30,000 crore before August 2019, if the circular has to be implemented, India Ratings had estimated.

Discom, industry news, power distribution, distribution companies News

L&T Infotech to acquire Bengaluru-based Lymbyc

Founded in 2012, Lymbyc is headquartered in Bengaluru and has customers in the USA, UK, Africa, and India. The company has capabilities in analytics and data-sciences space.

L&T Infotech, Bengaluru-based, Lymbyc, USA, UK, Africa, India, industry news, business insights, leveraging deep learning, natural language processing, data visualisation, predictive analytics, leni News

Tyre OEMs may mention fuel-saving features on sidewalls from January 1

The new code is billed to bring in accountability and transparency in tyre performance in India by labelling key consumer centric informations on sidewalls of tyres, said industry sources, adding that

Tyre OEMs,  fuel saving feature, industry news, Tyre price, Tyre company, PCRA News

India Ratings downgrades the long-term credit rating of Eveready

The ratings agency had said that the downgrade reflected the firm’s increased exposure to its group companies above the rating agency’s earlier knowledge as the company had guarantees and post-dat

Eveready, India Rating, downgrade,  credit rating, Eveready industries, Eveready latest news, Eveready share, industry news

Wipro Q1 net profit up 12.6% to 2,390 crore

The q-o-q growth of digital stood at 5.6% and y-o-y growth at 34.6%. BSFI segment growth remained sequentially flat at 31.6% from last quarter’s 31.5%.

Wipro Q1 net profit, Wipro share, Wipro  news, Wipro profit, Wipro profit 2019, Wipro profit and loss, Wipro profit this quarter News

IndiGo: Rakesh Gangwal likely to seek procedural changes in RPTs in next board meet

Rakesh Gangwal could be questioned by the IndiGo board on his allegations of corporate governance lapses by his partner Rahul Bhatia and his controlled Interglobe Enterprises.

IndiGo airlines, IndiGo news, IndiGo, Rakesh Gangwal, EGM, industry news, IndiGo crisi,  News

Japan’s Uniqlo plans India debut in Delhi from October

Uniqlo is understood to have entered into single-brand retail in India by establishing a wholly-owned subsidiary in the country. The retailer's entry into India comes at a time when the government is

Japan, Uniqlo, apparel retailer, India, H&M, Zara ,  Spanish fashion retailer, Swedish apparel retailer, fashion market, fashion market in india News

To move entirely to electric by 2023 may be difficult: Pawan Goenka, MD, Mahindra & Mahindra

The capitalisation of public sector banks and the credit guarantee scheme for NBFCs are very good news. The NBFCs take their loan paper and sell it to a bank and then recycle that money. This will res

electric vehicle, electric vehicle india, electric vehicle market, EV in india, indian ev industry,  auto industry,  auto industry news, Mahindra and Mahindra, Pawan Goenka, NBFC, industry news  News

Yes Bank profit plummets 91% as provisions surge

Retail advances grew 43.3% y-o-y and 7.2% sequentially and accounted for 18.3% of all loans. Retail loan growth accounted for 60.5% of incremental y-o-y growth in advances.

Yes Bank profit, Yes Bank, Q1FY20, Q4FY19, banking news, Yes Bank profit 2019, Yes Bank profit and loass, Yes Bank profit q1, Yes Bank profit q2, Yes Bank profit q3,Yes Bank profit q4 News

Allahabad Bank reports Rs 688-cr fraud by SEL Manufacturing

Notably, the lender on last Saturday reported a fraud of Rs 1,774.82 crore by Bhushan Power and Steel (BPSL), a week after Punjab National Bank had declared a fraud of Rs 3,805.15 crore by the same co

Allahabad Bank, Allahabad Bank fraud, Allahabad Bank news, SEL Manufacturing, banking news, nclt News

Internet of Things: Bringing connected cars to life

"For the vehicle, a number of parameters are captured to monitor vehicle health. Messages are sent to a customer, in advance, if the vehicle needs maintenance or a particular component or part needs a

Internet of Things, iot, connected cars, Tesla, Elon Musk, MG Motor, industry news, SaaS, IBM , IBM india News

Blaupunkt Floatz wireless earphone: A good lightweight device with built-in mic and decent performance

FloatZ is a good lightweight wireless earphone with built-in mic and decent performance

Blaupunkt Floatz wireless earphone, ightweight device, built in mic, decent performance, Blaupunkt Floatz News

Samsung Galaxy M40 Review: Smart, stylish and ultra-fast

Galaxy M40 feels quite sturdy in the hand, is competitively priced and is a decent performer

Samsung Galaxy M40, Samsung Galaxy M40 review, Samsung Galaxy M40 specifications, Galaxy M series, M10, M20, M30 News

General insurers see 10% jump in premium growth in June quarter

Among the 25 general insurer players, New India Assurance, Oriental Insurance and United India Insurance saw positive growth in the last quarter, but National Insurance saw decline of 12.44% in the sa

General insurer, June quarter. insurance, New India Assurance, Oriental Insurance, United India industry news

Goair appoints ex-Airbus executive Miranda Mills as COO

Miranda Mills will be heading operations and will report to managing director and chief executive Jeh Wadia, the airline told PTI confirming the appointment.

Goair operates 285 daily flights connecting 24 domestic cities and four international destinations. (File photo) News
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