India's economy is in deep trouble: S&P

New Delhi (IANS) S&P Global Ratings said on Friday that the Indian economy is in deep trouble with growth likely to contract by 5 per cent this financial year.

"India's economy is in deep trouble. Difficulties in containing the virus, an…

HUL completes VWash acquisition from Glenmark

Mumbai (IANS) Hindustan Unilever Limited (HUL) on Friday announced that it has completed the acquisition of intimate hygiene brand VWash from Glenmark Pharmaceuticals Ltd.

In a regulatory filing, HUL said that it has acquired the intellectual…

CBI files charge-sheet against Rana Kapoor, Wadhawans

Mumbai (IANS) The Central Bureau of Investigation (CBI) filed a charge-sheet against Yes Bank founder Rana Kapoor, his family, Dewan Housing Finance promoters and others in the Rs 3,700 crore fraud case, said an official, here on Thursday.

The…

ICICI Bank's $3 bn capital raised to target growth

New Delhi (IANS) A potential capital raise of $3 billion by ICICI Bank could be to further improve its margin of safety and to be better prepared to capitalize on potential growth opportunities.

According to a research report by Morgan Stanley,…

'Grow with Google' trains 50 million people in Asia Pacific

New Delhi (IANS) The Grow with Google initiative has trained 50 million people in Asia Pacific to date, empowering small businesses and jobseekers who are facing uncertainty and looking for digital skills training to help them increase their economic…

Hinduja brothers battle over $11b family fortune

New Delhi (IANS) The Hinduja family is locked in a dispute over the future of the $11.2 billion fortune with ongoing litigation in the UK.

Three brothers of the Hinduja Family -- G.P. Hinduja, P.P. Hinduja and A.P. Hinduja -- on Tuesday issued…

Equity indices in green, Sensex above 35,500

Mumbai (IANS) The key Indian equity indices rose on Wednesday with the BSE Sensex trading well above the 35,000-mark. Healthy buying was witnessed in auto, FMCG and metal stocks.

Around 10.25 a.m., Sensex was trading at 35,680.93, higher by…

Sellers on GeM mandated to disclose products 'Country of Origin'

New Delhi (IANS) Centre has made it mandatory for sellers to enter the 'Country of Origin' while registering all new products on government e-marketplace (GeM).

The e-marketplace is a special purpose vehicle (SPV) under the Ministry…

Microsoft acquires CyberX to boost IoT deployments for customers

San Francisco (IANS) Microsoft has acquired a security startup called CyberX to to accelerate and secure customers Internet of Things (IoT) deployments.
Terms of the deal were not disclosed but media reports said the acquisition could be around…

Sensex in green, RIL hits fresh high of Rs 1,804

Mumbai (IANS) The key Indian equity indices traded on a positive note on Monday morning with the BSE Sensex up 200 points.

It has, however, shed gains after gaining as much as 479 points to touch an intra-day high of 35,211.12.

At 10.49…