Tech Mahindra posts Q3 revenue growth of 5.1% at $1,353mn

Mumbai (IANS) IT major Tech Mahindra on Friday said its revenue rose to $1,353 million for its third quarter ended December 31, 2019, posting a growth of 5.1 per cent over the previous quarter.

Tech Mahindra said its digital revenues grew 10.6…

Ola to launch services in London on February 10

New Delhi (IANS) Indian cab hailing major Ola on Friday announced it will launch its operations in London on February 10 with over 20,000 registered drivers.

The ride hailing platform will be fully operational from day one, with over 20,000…

PM-Kisan may see 20 per cent cut in budgetary allocation

New Delhi (IANS) The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme of the government which gives Rs 6,000 a year to farmers may see a cut in budgetary allocation.

It is learnt that the allocation for PM-Kisan may be slashed by 20 percent…

Truce: Lalit Modi now in talks with family on Godfrey Phillips asset sale

New Delhi (IANS) After differences among members of the K.K. Modi Family Trust on the sale of assets came out in the open earlier this week, there seems to be some truce among the family members as Lalit Modi, in his latest statement has said that…

Petrol, diesel prices fall again

New Delhi (IANS) After a day's break, the prices of petrol and diesel were reduced on Thursday as crude oil rates continued to decrease over fears of the spread of coronavirus in China.

The petrol price has come down by 23 - 25 paise per…

47% land for bullet train project acquired: Chairman

New Delhi (IANS) The Indian Railways will acquire rest of the 53 per cent of land required for the Prime Minister Narendra Modi's ambitious Ahmedabad-Mumbai High Speed Train project, which is also called Bullet train project, in next six months,…

Budget should revamp SEZ policy to boost food exports: TPCI

New Delhi (IANS) To boost exports and revitalise the agriculture sector, a key trade promotion organisation has recommended to the government to revamp SEZ (special economic zone) policy for food exports.

Accordingly, the Trade Promotion Council…

Indian online food delivery market to hit $8bn by 2020

New Delhi (IANS) Rapid digitisation and growth in both online buyer base and spending will help India's online food industry to become a $8 billion market by 2022 -- growing at a CAGR of 25-30 per cent, a new report said on Tuesday.

The…

TARP-like govt fund likely in Budget for NBFC relief

New Delhi (IANS) The government is likely to unveil in the Union Budget a Troubled Assets Relief Programme (TARP) similar to what the US initiated during the Lehman financial crisis in 2008.

Under the proposed scheme, the troubled or stressed…

Fuel prices dip further due to softening of Brent crude

New Delhi (IANS) Fuel prices saw a marginal dip on Tuesday due to softening of international crude oil rates as demand declined following the outbreak of coronavirus in China. The price of petrol was cut by 12 paise and that of diesel by 14 paise…