DS Kulkarni’s brother detained, prevented from leaving India
MUMBAI: Pune-based builder D S Kulkarni’s brother Makrand Kulkarni, an accused in a Rs 2,000 crore cheating case, was detained at the Mumbai airport on Tuesday when he was about to fly to the US, police said. Pune police in May last year filed a charge sheet against D S Kulkarni, also known as DSK, […]
Helix launches new smart fitness band Gusto in India
NEW DELHI: The Helix brand by Timex Group, has launched a new fitness band – Gusto which promises quality in terms of its wide range of features paired with affordability. Helix has launched, the fitness band in two ranges – Helix Gusto which is priced at Rs 1495 and Helix Gusto HRM priced at Rs […]
GetNatty raises undisclosed Seed Funding
NEW DELHI: Vadodara-based online-to-offline (O2O) designer brands aggregator startup and fashion discovery platform,GetNatty has raised an undisclosed sum as a part of its seed round, that was led by Abhay Kumar – CMD of Grihapravesh Buildteck, Binod Choubey, Firoze Sethna and Parth Patel, all of whom are entrepreneurs turned investors. Beside this, the company has […]
Flood toll in Kerala increases to 88, heavy rain warning in three districts
NEW DELHI: The death toll in the Kerala floods increased to 88 on Tuesday with an “extremely heavy rain” warning issued for three districts, even as the weather in deluge-hit Karnataka and Gujarat improved, allowing authorities to speed up rescue and relief operations. Odisha, which is being battered by heavy showers since last week, on […]
SOBHA launches Gujarat’s tallest residential building in GIFT City
NEW DELHI: Real estate brand SOBHA said that it has has launched SOBHA Dream Heights, the first residential project of Gujarat International Finance Tec-City (GIFT City) – a global Financial and Technology Hub, which is an operational Smart City and International Financial Services Centre (IFSC) offering world class infrastructure. Offering stunning views, this 33-storey building […]
Sensex plummets 624 points on global sell-offs; RIL soars 10 per cent
NEW DELHI: BSE benchmark Sensex on Tuesday crashed about 624 points dragged by heavy losses in index heavyweights HDFC twins, Infosys, ITC and ICICI Bank amid sell-offs in global equities. Bucking the overall downtrend, shares of Reliance Industries (RIL) rallied nearly 10 per cent, capping the Sensex loss to a large extent. Apart from global […]
Any bilateral differences should not become disputes: India to China
By K J M Varma BEIJING: India and China on Monday agreed on a host of initiatives to improve their relations, with New Delhi emphasising that the future of the ties will depend on the mutual sensitivity to each other’s “core concerns” to ensure that any bilateral differences should not become disputes. Making his first […]
Eros International Q1 net falls 55 per cent to Rs 27.05 crore
NEW DELHI: Eros International Media Ltd on Monday reported a 54.87 per cent fall in consolidated net profit at Rs 27.05 crore for the quarter ended June 30, 2019. The company had posted a net profit of Rs 59.95 crore during the same period of the previous financial year. Total income during the reported quarter […]
Reliance to sell stakes for Rs 1.15 lakh crore to become zero-debt firm in 18 months
NEW DELHI: Richest Indian Mukesh Ambani on Monday announced plans to sell stakes in his flagship Reliance Industries’ oil and chemical business to Saudi oil giant Aramco and in fuel retail network to BP plc of UK for a combined Rs 1.15 lakh crore as he looked to make his company a zero-net debt […]
Reliance Jio Fibre launch on September 5, plans start at Rs 700 per month
NEW DELHI: Billionaire Mukesh Ambani on Monday announced the roll-out of ‘Jio Fiber’ from September 5, promising free voice calls for life from landlines, 100 mbps minimum broadband speed at subscription starting from Rs 700 a month and free HD TV set on a commitment to an annual plan. Speaking at the 42nd Annual General […]
Delhi:Income Tax Department attaches Ratul Puri’s bungalow worth Rs 300 crore
NEW DELHI: The Income Tax Department has attached a Rs 300-crore bungalow in a posh Delhi locality and FDI worth $40 million as part of its probe under anti-benami law against Ratul Puri, nephew of Madhya Pradesh chief minister Kamal Nath, and his father, officials said on Sunday. They said the bungalow is located at […]
Emami plans to pare Rs 2,600 crore debt at group level in nine months
KOLKATA: The Rs 16,000 crore diversified conglomerate Emami will pare its entire debt at the group level, which currently stands at Rs 2600 crore, over the next 9 months, a top company official said. The group is “fully covered to meet all repayment obligations in the group companies”, Emami director Prasant Goenka said. Emami Group […]
Sundaram BNP Paribas cuts lending rates by 10 basis points
CHENNAI: Sundaram BNP Paribas Home Finance on Monday announced a 10 basis points reduction in its prime lending rate on housing and non-housing loans with immediate effect. “The reduction in lending rates is in line with the current interest rate in the market,” Sundaram BNP Paribas Home Finance, Managing Director, Srinivas Acharya said. “We are […]
‘Srinagar traders have lost Rs 1,000 crore’
NEW DELHI:The trade community in Srinagar has suffered an estimated loss of Rs 1,000 crore in the past week due to the restrictions imposed after the Centre abrogated provisions of Article 370 and divided Jammu & Kashmir into two Union Territories, stakeholders claimed on Sunday. “The average loss of business per day in Kashmir today […]
Reliance Jio joins hands with Microsoft
NEW DELHI: Reliance Jio Infocomm Limited (Jio), a subsidiary of Reliance Industries Limited, and Microsoft Corp. are embarking on a unique, comprehensive, long-term strategic relationship aimed at accelerating the digital transformation of the Indian economy and society. This 10-year commitment combines the world-class capabilities of both companies to offer a detailed set of solutions comprising […]
Air India New Delhi-San Francisco flight to fly over North Pole
NEW DELHI: Marking a new aviation milestone, the Air India (AI) on Monday announced its inaugural passenger flight over the North Pole region from August 15 between New Delhi and San Francisco. The first commercial service will be operated by Captain Ranjeesh Sharma and Captain Digvijay Singh, marking the “maturing of civil aviation in India […]