Don’t recover amount paid as wages: HC
New Delhi, Aug 6 (IANS) The Delhi High Court on Monday ordered employers not to recover the amount which they have paid their employees as per the wages fixed by the Delhi government in 2017….
Business
Online system launched to manage road construction bids
New Delhi, Aug 6 (IANS) The central government on Monday launched an online management system to expedite land acquisition and the bidding process for road construction. The Bidder Information Management System (BIMS) was launched by…
Maharashtra Congress slams BJP over Gadkari’s no-jobs remark
Mumbai, Aug 6 (IANS) Taking a cue from Congress President Rahul Gandhi, the party’s Maharashtra unit on Monday slammed Union Shipping Minister Nitin Gadkari’s comment on “lack of employment opportunities” in the country. On Sunday,…
Global cues, banking stocks lift equity indices to record levels
Mumbai, Aug 6 (IANS) Broadly positive global cues along with healthy buying in banking stocks helped the key Indian equity indices to set fresh benchmarks on Monday. Before settling at record closing levels, both S&P…
Sri Lanka’s Hambantota to become Indian Ocean’s leading port
Colombo, Aug 6 (IANS) Sri Lanka’s Hambantota port is gearing up to become a leading port in the Indian Ocean region, an official said on Monday. “The location of the port had always been extremely…
L&T Construction bags orders worth Rs 1,296 cr
Mumbai, Aug 6 (IANS) Industrial conglomerate Larsen and Toubro (L&T) on Monday said its construction arm has bagged contracts worth Rs 1,296 crore for metallurgical and material handling along with water and effluent treatment. In…
Nooyi to quit as PepsiCo CEO; will remain Chairman till early 2019
New York, Aug 6 (IANS) Indian American business executive Indra K. Nooyi will step down as the Chief Executive of food and beverage major PepsiCo Inc in October, the company said on Monday. According to…
Saudi Arabia to keep gasoline prices unchanged
Riyadh, Aug 6 (IANS) Saudi Arabia on Monday decided to keep the gasoline prices for domestic consumption unchanged for the third quarter of 2018, Saudi Press Agency reported. The Ministry of Energy, Industry and Mineral…
BMW group says cause of car fires ‘not Korea specific’
Seoul, Aug 6 (IANS) The BMW Group on Monday officially apologized for the fires that consumed some of its vehicles and stressed that the hardware issue cited for the problem is not specific to South…
PepsiCo’s Indra Nooyi to step down as CEO in October
Purchase (US)/Mumbai, Aug 6 (IANS) Indian origin business executive Indra K. Nooyi will step down as the Chief Executive of global food and beverages major PepsiCo, Inc. in October, the company said on Monday. According…
Record operating profit will help ONGC cut borrowings: Moody’s
New Delhi, Aug 6 (IANS) The highest ever operating profit posted by the state-run Oil and Natural Gas Corporation (ONGC) in the first quarter will help the company reduce borrowings, US rating agency Moody’s said…
Trump behaves like a street-fighter in trade policy: Chinese media
Beijing, Aug 6 (IANS) China’s official newspaper on Monday accused the US President of acting like a street fighter by imposing import tariffs and said Beijing would not surrender to his “extortion”. The attack on…
Benelli to set up manufacturing plant near Hyderabad
Hyderabad, Aug 6 (IANS) Benelli, global leader in the super bike segment, on Monday signed a memorandum of understanding (MoU) with the Telangana government to set up an indigenous manufacturing plant near Hyderabad. The Italian…
Xiaomi supplier to invest Rs 1,400 cr in Andhra phone component plant
Vijayawada, Aug 6 (IANS) Chinese smartphone maker Xiaomi on Monday said that its component supplier Holitech Technology will invest $200 million (nearly 1,400 crore) to set up a manufacturing unit in Andhra Pradesh that could…
Samsung Galaxy Note 9 to come with enormous storage: Report
New York, Aug 6 (IANS) In yet another leak, Samsung New Zealand has revealed the official promo video of Samsung Galaxy Note 9 to YouTube which confirms that the upcoming flagship will have massive storage….
This novel app may help your kids eat vegetables
London, Aug 6 (IANS) If your child does not like to eat vegetables, a new gaming app may be of help. Researchers have developed the app designed to entice kids to healthy eating options through…
Sensex, Nifty settle at record closing levels; banking stocks surge
Mumbai, Aug 6 (IANS) The key Indian equity indices — S&P BSE Sensex and NSE Nifty50 — settled at their record closing levels on Monday driven by positive global cues. Earlier in the day, Sensex…
Set to expand, Britannia may shift dairy project from Maharashtra
Kolkata, Aug 6 (IANS) Britannia Industries is looking forward to expand their businesses, a company official said on Monday. The FMCG major may shift its dairy project from Maharashtra as the state government has not…
Sri Lanka may grant visa free entry to tourist friendly nations
Colombo, Aug 6 (IANS) Sri Lanka’s Prime Minister Ranil Wickremesinghe has appointed a task force to study the possibility of granting visa free entry to visitors from certain tourist friendly nations in order to boost…
Britannia Industries looks at expanding outside adjacents
Kolkata, Aug 6 (IANS) Britannia Industries is looking forward to expand their territory outside adjacent businesses, a company official said on Monday. “I believe that now we are poised to look at businesses outside even…