German shoe firm shifts from China, begins operations in UP

Lucknow (IANS) Von Wellx, a well-known German shoe brand that was earlier operating from China, has opened up two shoe-making units in Agra.

The units became operational from Tuesday in partnership with the Iatric Industries Group.

Von…

87% of Indian companies plan to give salary hike in 2021: Survey

New Delhi (IANS) After taking hard decisions in the second and third quarters of this year, Indian companies are looking up again to invest in talent as a new survey showed that 87 per cent of them plan to give salary increases in 2021 as compared…

Centre to soon announce another round of stimulus: Official

New Delhi (IANS) The Finance Ministry will soon come up with a fresh round of economic stimulus, Economic Affairs Secretary Tarun Bajaj said on Tuesday.

Addressing the media here, he said that the Department of Finance has received suggestions…

Yes Bank to sell its 32,344Cr NPA portfolio

New Delhi (IANS) Yes Bank is looking to sell its entire NPA portfolio of Rs 32,344 crore to ARCs or other potential investors.

Sources informed that Yes Bank's offer to ARCs will be to recover at least 15 per cent amount i.e. Rs 5,000 crore…

Petrol, diesel prices unchanged as crude remains subdued

New Delhi (IANS) Prices of petrol and diesel continued to remain unchanged on Sunday on the back of weak crude oil prices. In the national capital, petrol was sold for Rs 81.06 per litre.

Prices in the other key cities of Mumbai, Chennai and…

Reliance Capital starts monetisation processs, EOI invited for key assets

New Delhi (IANS) Reliance Capital has commenced its asset monetization process to unlock value of its underlying businesses and targets to make RCAP debt free.

SBI Capital Markets Limited and JM Financial Services Limited will run an independent…

Indian SMBs, startups ride on Oracle Cloud to weather pandemic

New Delhi (IANS) After spending over seven months in uncertainty around the pandemic-induced lockdowns, there has been an uptick in business sentiment in India and a vast number of small and medium businesses (SMBs) and startups are now turning to…

Privatisation-bound BPCL postpones key expansion projects

New Delhi (IANS) Privatisation-bound PSU refiner Bharat Petroleum Corporation Ltd. (BPCL) has delayed expansion plans for its refinery projects, pending its share sell off programme that will see government completely exiting from the company and…

AWS generates $11.6bn in sales, leads global Cloud market

New Delhi (IANS) Maintaining its leadership position in the global Cloud market, Amazon Web Services (AWS), the Cloud arm of e-commerce giant Amazon, generated $11.6 billion in sales in the September quarter, up 29 per cent year-over-year.

The…

Pidilite acquires consumer & bazaar business of Araldite for Rs 2,100 Cr

New Delhi (IANS) Pidilite Industries is acquiring complete interest in US-based Huntsman Group's Indian subsidiary Huntsman Advanced Materials Solutions Private Limited (HAMSPL) for a consideration of about Rs 2,100 crore to consolidate its leadership…