Business

Tushar Mehta appointed as Solicitor General

NEW DELHI: The government on Wednesday appointed Tushar Mehta as the Solicitor General - the second top most government lawyer after Attorney General.

Strategic Policy Group reconstituted, Ajit Doval is Chairman

NEW DELHI: The Strategic Policy Group (SPG), formed to assist the National Security Council (NSC), has been reconstituted with National Security Advisor Ajit Doval as its chief to strategize on matters dealing with internal and economic security.

Bandhan Bank open for inorganic opportunities, to evaluate new businesses

KOLKATA: Bandhan Bank on Monday said the lender is "open to explore inorganic opportunities" and "will evaluate" getting into new businesses such as insurance and mutual fund going forward under its holding company, which will help to dilute shareholding of the Non Operative Financial Holding Company (NOFHC) into the bank.

Afghanistan bans imports of 4 types of Iranian products

TEHRAN: Afghanistan Customs Department has banned the imports of four types of Iranian products, Eghtesadonline reported on Sunday.

Zoutons launches black Friday sale

Zoutons, the coupon & deal emsemble website, has launched the Black Friday Sale that provides the particulars of the massive discounts from the various US e-commerce stores that will be applied on every brand and category.

Buyers turn to online portals as US car sales beat expectations in 2018
CARHP is a forthcoming startup catering to the US automobile market.
Dassault Systemes ready to meet India's demand to store data locally

NEW DELHI: Global 3D experience major Dassault Systemes is ready with Cloud-based solutions that will both physically and legally comply with the Indian government's data localisation policy, its Vice Chaiman and CEO Bernard Charles stressed here on Thursday.

Buyers turn to online portals as US car sales beat expectations in 2018

CARHP is a forthcoming startup catering to the US automobile market.

Tata Sons cannot force Cyrus Mistry to sell his shares: NCLAT

NEW DELHI: In a partial relief to Cyrus Mistry, the National Company Law Appellate Tribunal (NCLAT) on Friday stated that Tata Sons cannot force him to sell his shares.

Trade talks with US constructive: China

BEIJING: A new round of meetings between Beijing and Washington to seek a way out of the trade war has been constructive and will continue, Chinese authorities said on Friday.

Samsung Galaxy Note 9 to be available on Flipkart

NEW DELHI: Samsung's latest pen-focused flagship Galaxy Note 9, which was launched a day earlier will be available in India on Flipkart, a latest teaser on the e-commerce site suggested on Friday.

PTron partners with US-based mobile accessories distributor

HYDERABAD: Domestic mobile accessories brand PTron on Wednesday announced its collaboration with US-based distributor Cellpay to expand its reach globally.

Customs duty doubled on over 328 textile products

NEW DELHI: To promote domestic manufacturing, the government on Tuesday increased the customs duty on over 300 textile products to 20 per cent.

Maruti Suzuki's July sales slips by 0.6%

MUMBAI: Automobile major Maruti Suzuki India on Wednesday reported a marginal decline of 0.

Bandhan Bank net profit up 47.5% in Q1

KOLKATA: Bandhan Bank on Wednesday reported a 47.

BookMyShow raises $100 million in Series D funding

NEW DELHI: Online ticketing platform BookMyShow on Wednesday said it has raised $100 million in Series D funding round led by private equity firm TPG Growth.

Ashok Leyland posts Rs 370 crore profit in Q1

CHENNAI: Commercial vehicles major Ashok Leyland Ltd on Tuesday said it closed the first quarter of the current fiscal with a net profit of Rs 370.

Sugar production to be 35-35.5 million tonnes: ISMA

NEW DELHI: Sugar production in 2018-19 (starting October) is expected to be 35-35.

Misconception that India is subsidising exporters: Prabhu

KOLKATA: Union Commerce Minister Suresh Prabhu on Saturday said there is misconception that India is providing subsidies to its exporters, noting what the government gives is to minimise the adversities they suffer in entering the global markets.

Cryptojacking surge a whopping 629% in Q1 2018: McAfee

NEW DELHI: There were on average five new threat samples every second that resulted in a massive 629 per cent growth in cryptojacking and other cryptocurrency mining malware in the first quarter of 2018, a new report said on Thursday.

Blockchain technology to transform financial services sector: NSE CTO

PANAJI: With digitisation transforming the financial services sector in terms of speeding up transactions and fraud detection, the Blockchain technology holds enormous promise of further strengthening the sector, a top official with The National Stock Exchange of India Limited (NSE) has emphasised.

UAE Introduces 10-Year Residence Visa for Investors,Specialists and Top Students

For the first time in history, UAE grants 100% ownership for investors along with the 10-year residence for business investors, specialists, plus exceptional students.

AIIB to invest $100 mn for India's development projects

MUMBAI: The Beijing-based Asian Infrastructure Investment Bank (AIIB) announced on Monday an equity investment of $100 million in India's National Investment & Infrastructure Fund (NIIF) to help various development projects in this country.

Indian FMCG firms interested in cobots: Danish firm

CHENNAI: Danish robot manufacturer Universal Robots is seeing an increased interest for its cobots (collobrative robots) from the Indian FMCG sector, while globally the company plans to double its turnover this year, said top company officials.

Pankaj Harjai to lead Lenovo India's tablets business

BENGALURU: Lenovo India on Friday announced the appointment of industry veteran Pankaj Harjai as Director of its tablets business.

Nepal, China sign 8 deals worth $2.24bn

BEIJING: Nepal and China on Wednesday signed eight agreements worth $2.

Amazon CEO becomes world's richest man

SAN FRANCISCO: Amazon founder and CEO Jeff Bezos has become the richest man in the world with a net wealth of USD 141.

TCS to buy back shares worth Rs 16,000 cr

MUMBAI: The Board of Indian IT major Tata Consulting Services (TCS) on Friday approved to buy back 7,61,90,476 equity shares of Re 1 face value at Rs 2,100 per share for about Rs 16,000 crore.

Online platforms capture 38% smartphone sales in India, Flipkart leads

NEW DELHI: Driven by exclusive online launches and strong promotions, e-commerce platforms captured a record 38 per cent share of the total smartphone channels in India in the first quarter of 2018, a new report said on Friday.

Only larger stations now to have escalators: Railways reverses decision

NEW DELHI: Heeding a PMO directive, Indian Railways has changed its earlier decision to provide escalators at a large number of stations.

NSE expects to get listed by FY19

KOLKATA: The National Stock Exchange of India Limited (NSE) is hoping to launch its initial public offer in the current fiscal after resolving all related issues, an official said here on Thursday.

Asia's Largest Rubber Expo-to be held at Mumbai in January 2019

JALANDHAR: India Rubber Expo, Mumbai 2019 to see approximately 300 exhibitors come under One Roof.
The India Rubber Expo (IRE) is the largest rubber expo. It made its debut in 2001 and has grown to be one of the most anticipated events in the rubber industry today. Now its 10th International Exhibition and conference are to be held at the Bombay exhibition centre in Mumbai as a valuable platform for growth, exchange and collaboration. The flagship event is organised and all India rubber industries association one and of the oldest premier Industries association in the country, Established in 1945. 

Bengal to export mangoes to Dubai

KOLKATA: West Bengal has produced around nine lakh tonnes of mangoes this year and is also set to export them to Dubai and Hong Kong, said a senior minister on Saturday.

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