Bank of Baroda to shut three overseas branches by June
NEW DELHI: State-owned Bank of Baroda will close down three overseas branches by June. The bank in a regulatory filing said that as per the government guidelines for rationalisation of overseas presence, increase in efficiency and profitability of the overseas offices, it will close down branches in Guyana, Trinidad and Tobago and Ghana by June […]
Maharashtra Chief Minister to speak to Dilip Kumar, Saira Banu over property woes
MUMBAI: Maharashtra Chief Minister Devendra Fadnavis said on Monday he will speak to legendary actor Dilip Kumar and his family to allay their fears over a property issue involving a city-based builder. Saira Banu, veteran actress and Kumar’s wife, had Sunday sought a meeting with Prime Minister Narendra Modi, who will be in Mumbai on […]
AAI seeks bids for six airports, to finalise bidders on February 28
NEW DELHI: The Airports Authority of India (AAI) will choose the bidders to operate its aerodromes at Guwahati, Thiruvananthapuram, Lucknow and three other places on the basis of “per-passenger fee” and finalise the bids on February 28. As part of an open international competitive bidding process, the AAI has sought bidders for carrying out operations, […]
Demonetisation: Data on printing of Rs 2000, Rs 500 notes should be disclosed, says CIC
NEW DELHI: The note printing subsidiary of the Reserve Bank of India (RBI) has failed to explain how disclosure of data on Rs 2000 notes and Rs 500 notes printed after demonetisation will affect economic interests of the state, the Central Information Commission (CIC) has noted ordering its disclosure. The Bhartiya Reserve Bank Note Mudran […]
Oppo to hire from campuses for Hyderabad centre
NEW DELHI: Chinese handset maker Oppo on Saturday said it has set up a research and development (R&D) centre in Hyderabad. The India R&D centre is the fourth such set up globally and the largest outside China, it said. The company—which competes with the likes of Xiaomi, Samsung and vivo in the Indian market—did not […]
FIIs outflows near Rs 1 trillion so far in 2018
NEW DELHI: Foreign investors’ portfolio investments have long been known as ‘hot money’ that comes in fast but can go out even faster and it is the outward journey that seems to be the underlying theme for the Indian capital markets as 2018 draws to a close, with net outflows nearing the Rs 1 lakh […]
RBI’s forex reserves marginally up to $393.734 billion
NEW DELHI: India’s foreign exchange reserves increased by $ 16.6 million to $393.734 billion in the week to 7 December, mainly due to a rise in foreign currency assets, according to the Reserve Bank of India (RBI) data. In the previous week, the reserves had increased by $932.8 million to $393.718 billion. In the reporting […]
Kia Motors, MG Motor debut at Autocar Performance Show
MUMBAI: The 13th edition of the Autocar Performance Show commenced in Mumbai on Thursday, with two international brands—Kia Motors of Korea and MG Motor of the UK—showcasing some of their cars on their debut at the four-day long event. While Kia has brought in the hot Stinger four-door and the Sportage SUV, the MG Motor […]
Swiggy, Zomato, UberEats and Foodpanda remove 10,500 restaurants for violating food safety law
NEW DELHI: As many as 10,500 restaurants have been de-listed by e-commerce firms like Zomato and Swiggy for not having license or registration under the food safety law, Parliament was told on Friday. Minister of state for health Ashwini Kumar Choubey said the Food Safety and Standards Authority of India or FSSAI in July directed […]
Cement may become cheaper, GST Council meeting next week
NEW DELHI: The GST Council is likely to rationalise the 28% slab by cutting tax rates on construction items, like cement, in its meeting next week. The council, chaired by Finance Minister Arun Jaitley and comprising his state counterparts, has pruned the 28% slab by cutting tax rates on 191 goods over the last one-and-a-half […]
Jawa opens dealerships in Pune, first in India after re-entry
NEW DELHI: Czech motorcycle brand Jawa, which re-entered the Indian market last month with the introduction of three models, on Saturday announced the launch of its first two dealerships in the country in Pune. With the two dealerships— at Chinchwad and Baner in Pune — becoming fully operational, customers can book and test-ride Jawa and […]
COAI wants single audit to meet requirements of multiple agencies
NEW DELHI: Ahead of the planned special audit of telecom operators, industry body COAI has favoured a single audit exercise that meets the requirements of multiple stakeholders like the telecom department and sector regulator Trai. “The DoT is entitled to do audits and we can’t argue with that. But can we get to a point […]
Mastercard will delete Indian cardholders’ data from servers; warns of impact
NEW DELHI: Global card payments major Mastercard has proposed to the Reserve Bank a “certain” date from which it will start deleting data of Indian cardholders from global servers but warned that it would also mean weakening of “safety and security” over a period of time. In an interaction with PTI, Porush Singh, India and […]
Soon, you will be able to make calls, browse internet while flying
NEW DELHI: People will soon be able to make calls and access internet through their phones during air travel and ship voyage within Indian territory as the government has notified rules for providing such services. Indian and foreign airlines and shipping companies operating in the country can provide in-flight and maritime voice and data services […]
Fortis says Supreme Court order does not impact 31.1% stake sale to IHH
NEW DELHI: Fortis Healthcare on Saturday said the Supreme Court of India ordering a status quo on its deal with IHH Healthcare Berhad does not impact the company’s 31.1% stake sale to the Malaysian firm. However, this order could have a bearing on IHH’s proposed open offer to acquire additional 26% stake in Fortis. The […]
Indian Railways to equip TTEs with devices to check realtime seat availability
NEW DELHI:The Indian Railways will soon give hand-held terminals (HHTs) to its staff for computerised on-board ticket checking and allotment of vacant berths, the Railway Board has said in a circular. The HHTs were introduced in Patna Rajdhani from on Friday and will be rolled out on an all India basis soon, a railway ministry […]