M&M’s July sales up 13%
Mumbai, Aug 1 (IANS) Automobile major Mahindra & Mahindra (M&M) on Wednesday reported a 13 per cent rise in its overall sales, including exports, in July 2018. According to the company, overall sales during the…
Business
Kolkata SIT to probe large scale bank fraud
Kolkata, Aug 1 (IANS) Kolkata Police on Wednesday formed a Special Investigation Team (SIT) to probe large-scale bank fraud in the city, saying it has received 76 complaints of fraudulent withdrawals amounting to Rs. 18-20…
Hyundai’s July overall sales up 7.7%
New Delhi, Aug 1 (IANS) Automobile major Hyundai Motor India on Wednesday reported a 7.7 per cent rise in its overall sales, including exports, in July 2018. According to the company, the overall sales rose…
RInfra’s Q1 consolidated total income rises YoY
Mumbai, Aug 1 (IANS) Reliance Infrastructure (RInfra) on Wednesday reported a year-on-year rise in its consolidated total income for the first quarter of 2018-19 to Rs 7,991 crore. According to the company, the total income…
EIH to focus more on managing properties
Kolkata, Aug 1 (IANS) Hospitality major EIH Ltd, which is intending to be “asset light”, will focus on managing properties more rather than owning them, an official said here on Wednesday. “We own too much…
Hindustan Copper to issue fresh equity to raise funds
New Delhi, Aug 1 (IANS) State-run firm Hindustan Copper (HCL) will off-load 13,87,82,700 equity shares or up to 15 per cent of its paid up equity capital in the country’s stock markets to raise funds…
Rate hike to impact credit growth, hit realty sector: Experts
Bengaluru, Aug 1 (IANS) The 0.25 per cent increase in repo rate by the Reserve Bank of India (RBI) to 6.50 per cent would impact credit growth and delay the revival of realty sector, said…
Tata Motors July domestic sales rise 21%
Mumbai, Aug 1 (IANS) Automobile major Tata Motors on Wednesday reported a 21 per cent rise in domestic sales in July, on a year-on-year basis. The domestic sales of the company stood at 51,896 units…
7 Indian firms in Fortune 500 list, IOC tops, RIL up 55 ranks
Mumbai, Aug 1 (IANS) Seven Indian companies feature in the US magazine Fortune 500 list of the world’s largest firms, with state-run Indian Oil Corp (IOC) remaining the top-ranked Indian company in the 2018 rankings…
Cabinet nod to LIC buying 51% stake in debt-ridden IDBI Bank
New Delhi, Aug 1 (IANS) The Cabinet on Wednesday approved purchase of a controlling 51 per cent stake in IDBI by the state-run Life Insurance Corp (LIC) which would result in the government becoming a…
Bajaj Auto’s July sales up 30%
Mumbai, Aug 1 (IANS) Two-and three-wheeler manufacturer Bajaj Auto on Wednesday reported a rise of 30 per cent in total sales, including exports, for July 2018. According to the company, its total sales during the…
Online hiring grows 5% in April-June quarter: Report
New Delhi, Aug 1 (IANS) Online recruitment in India rose by five per cent during the quarter ended June on a year-on-year basis, a report said here on Wednesday. Production and manufacturing sector witnessed a…
TRAI recommends spectrum pricing changes for next auction
New Delhi, Aug 1 (IANS) The Telecom Regulatory Authority of India (TRAI) on Wednesday recommended rules and changes in the prices for the next round of spectrum auction. The regulations were formulated on the basis…
Hero MotoCorp’s July sales up 9%
New Delhi, Aug 1 (IANS) Two-wheeler major Hero MotoCorp on Wednesday reported a nine per cent rise in its sales for July 2018. In a statement, the company said its sales of two-wheelers increased to…
SC orders attachment of all bank accounts of 40 firms of Amrapali group
New Delhi, Aug 1 (IANS) The Supreme Court on Wednesday ordered attachment of all bank accounts and movable properties of 40 firms of the real estate major Amrapali Group. A bench of Justice Arun Mishra…
‘Dark day for Internet freedom if Google accepts Chinese censorship’
New Delhi, Aug 1 (IANS) In response to reports that Google is developing a search engine that complies with strict Chinese censorship rules, a China-based researcher at the Amnesty International on Wednesday said that such…
Concessional finance extended for strategic projects abroad
New Delhi, Aug 1 (IANS) The Cabinet on Wednesday extended the Concessional Financing Scheme (CFS) to support Indian entities bidding for strategically important infrastructure projects abroad for five years till 2023. “Since the objectives of…
CCEA clears interest-free loans for fertiliser revival projects
New Delhi, Aug 1 (IANS) The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved interest-free loans of over Rs 1,200 crore to Hindustan Urvarak and Rasayan Limited (HURL) for construction of fertiliser revival projects…
GST refunds worth Rs 54,000 cr cleared during special drive
New Delhi, Aug 1 (IANS) The government processed pending GST refunds of Rs 54,378 crore during its third refund fortnight from July 16 to 31, it was announced on Wednesday. The government had on July…
7 Indian firms in Fortune 500 list, IOC tops, RIL up 55 ranks
Mumbai, Aug 1 (IANS) Seven Indian companies feature in the US magazine Fortune 500 list of the world’s largest firms, with state-run Indian Oil Corp (IOC) remaining the top-ranked Indian company in the 2018 rankings…