OPPO F11 to be available on sale with exciting offers from 18th May
NEW DELHI: The Chinese smartphone brand Oppo has announced the sale of the OPPO F11 in India, starting 18th May. The smartphone comes equipped with ground breaking technology including VOOC flash charge 3.0 and 48MP + 5MP dual rear camera setup with ultra-night mode to support brilliant photos in low light. The F11 will be […]
Quit your job and we’ll help you start a business: Amazon to employees
NEW DELHI: Amazon, which is racing to deliver packages faster, is turning to its employees with a proposition: Quit your job and we’ll help you start a business delivering Amazon package. The offer, announced Monday, comes as Amazon seeks to speed up its shipping time from two days to one for its Prime members. The […]
Home Ministry cancels registration of Infosys Foundation
NEW DELHI: The Home Ministry has cancelled the registration of Bengaluru-based NGO Infosys Foundation for alleged violation of norms in receiving foreign grants, officials said on Monday. All non-government organisations (NGOs) are mandatorily required to be registered under the Foreign Contribution (Regulation) Act or FCRA to receive foreign funding. The Home Ministry had last year […]
Avanta India announces opening of its new centre in Delhi
NEW DELHI: UK-based high-quality flexible office space provider, Avanta India has announced to open up a new business centre in Kasturba Gandhi Marg near Connaught Place, Delhi. The company is planning to invest Rs. 10 Cr for its new business centre / Co-working space that would be spread across over 20,000 sq. ft area enjoys […]
Hinduja brothers top UK rich list, Reuben brothers second
By Aditi Khanna LONDON: Indian-origin brothers dominate the annual rich list of Britain’s wealthiest, with the Hinduja brothers ranked at No. 1 with a fortune of 22 billion pounds followed by Mumbai-born Reuben brothers in second place with 18.66 billion pounds. Srichand and Gopichand Hinduja, who run the Hinduja Group of companies in the UK, […]
Honda to continue selling diesel models in India
NEW DELHI: Japanese auto major Honda will continue to offer diesel models in India even after BS-VI emission norms kick in, unlike Maruti Suzuki which has decided to stop selling diesel cars from April 1, 2020. According to a senior official of Honda Cars India Ltd (HCIL), the company plans to upgrade its two diesel […]
Reliance entry to digitise 5 million kirana stores by 2023
NEW DELHI: Richest Indian Mukesh Ambani-led Reliance Industries’ entry into online retailing will help expand the current 15,000 digitised retail stores to over 5 million by 2023, a study of Bank of America Merrill Lynch said. As much as 90 per cent of India’s USD 700 billion retail market is unorganised, made up mostly of […]
Imminent crisis in the non-banking financial companies sector
NEW DELHI: There is an “imminent crisis” in the non-banking financial companies (NBFCs) sector as misadventures by some large entities and credit squeeze present a perfect recipe for disaster, a senior government official has said. In recent months, the country’s financial system has been grappling with multiple woes in the wake of the turmoil at […]
Prepare FY19 financials as PMO wants quick disinvestment: Aviation ministry asks Air India
NEW DELHI: The civil aviation ministry has told Air India that it should prepare 2018-19 financials for itself and its subsidiaries by end of June as the Prime Minister’s Office (PMO) has decided to speed up the disinvestment process of three of its wings, according to an official document. After a botched attempt to sell […]
Jaypee Infratech insolvency: Lenders ask NBCC to withdraw some conditions
NEW DELHI: Lenders of Jaypee Infratech have asked state-owned NBCC Ltd to withdraw some clauses, like exemption from tax liability, that make its revised offer conditional and non-binding for acquiring the debt-ridden realty firm, sources said. Lenders wrote a letter to NBCC late on Friday regarding this matter, they said, adding that the public sector […]
Gillette India profit after tax rises 23% to Rs 88 crore in March quarter
NEW DELHI: FMCG firm Gillette India has reported 23 per cent rise in profit after tax for the March quarter at Rs 87.76 crore helped by increased productivity and cost efficiency. The company, which follows July-June financial year, reported profit after tax (PAT) of Rs 71.32 crore for January-March 2018, Gillette India said. Total income […]
Suzuki pegs profit growth at 1.7% on uncertain Indian market, sales tax hike
NEW DELHI: Japanese automaker Suzuki Motor Corporation(SMC) pegged its profit growth for the ongoing fiscal at 1.7 per cent, expecting slow growth due to uncertain economic outlook in India and impact of hike in sales tax in its home market. The company forecast its profit for the fiscal year April 2019-March 2020 to be at […]
IAF gets first Apache Guardian attack helicopter
NEW DELHI: US aerospace major Boeing has handed over first of the 22 Apache Guardian attack helicopters to the Indian Air Force, nearly three-and-half years after a multi-billion dollar deal for the choppers was sealed. Senior IAF officials said the addition of AH-64E (I) Apache helicopter is a significant step towards modernisation of the force’s […]
Canara Bank Q4 net loss narrows to Rs 551 crore as bad loans lower
NEW DELHI: State-owned Canara Bank on Friday said its net loss narrowed multi-fold to Rs 551.53 crore for the fourth quarter of fiscal 2018-19, mainly driven by lower provisioning for bad loans. The bank had posted a net loss of Rs 4,859.77 crore during the corresponding January-March period of the preceding fiscal. For the full […]
L&T net up 8% at Rs 3,418 crore in Q4; dividend of Rs 18 a share announced
NEW DELHI: Infrastructure major Larsen & Toubro (L&T ) on Friday reported a 7.9 per cent rise in its consolidated profit-after-tax (PAT) at Rs 3,418.24 crore for the quarter ended March 2019. Its PAT stood at Rs 3,167.47 crore during the corresponding period a year ago, according to a BSE filing. Consolidated income in the […]
ITC Chairman Y C Deveshwar passes away
NEW DELHI: Noted industry leader and ITC Chairman YC Deveshwar, who transformed the cigarette major into a diversified player with interests in FMCG, hospitality, IT and other sectors, passed away Saturday morning after a brief illness. Deveshwar (72), who stepped down from executive role as chairman and CEO in 2017 but remained as a non-executive […]