Shah-led GoM to take call on Air India reserve price, debt

New Delhi (IANS) Going whole hog to sell Air India this time after the Modi 1.0 government's failed bid, the group of ministers (GoM) led by Union Home Minister Amit Shah is expected to decide the reserve price of the national carrier and dealing…

Reverse Gear: August auto sales slump 23.55%

New Delhi (IANS) The slump in domestic automobile sector continued unabated in August as the overall sectoral off-take plunged 23.55 per cent.

The industry which is suffering from high GST rate and lack of adequate liquidity…

SBI reduces MCLR, fixed deposit rates

Mumbai (IANS) The State Bank of India (SBI) here on Monday announced reduction in the marginal cost of lending rate (MCLR), the fifth in FY20, for loans across tenors.

The country's largest bank will reduce interest rates…

Insolvency proceedings start against Raheja Builders

New Delhi (IANS) The National Company Law Tribunal (NCLT) has begun insolvency proceeding against the real estate firm Raheja Developers. As a part of the process, a public notice has been issued informing creditors to submit their claims against…

Zomato lays off 541 staffers, says blame it on automation

New Delhi (IANS) Food delivery platform Zomato on Saturday said that it has laid off 541 people -- 10 per cent of the company's strength -- across customer, merchant and delivery partner support teams.

The reason behind…

Sensex opens 140 points up on positive global cues

Mumbai (IANS) Indian stocks opened higher on Friday in line with gains in the global markets over hopes of a trade truce between US and China.

The US and China, involved in an expensive trade war, are scheduled to resume talks next month.

Centre to infuse Rs 12,000 cr in state general insurance firms

New Delhi (IANS) Following the recapitalisation of public sector banks (PSBs), now public sector insurance companies -- National Insurance, Oriental Insurance and United India Insurance -- are going to be infused with funds worth Rs 12,000 crore to…

Relief measures for exporters on the anvil

New Delhi (IANS) In a bid to prop up exports, a key engine of economic growth, the government may offer a slew of sector-specific incentives.

Among the proposals being considered are raising export credit, extending tax benefits and cutting…

Wipro gets $300-million ICICI Bank deal via Vara Infotech

Bengaluru (IANS) Wipro secured a $300-million (Rs 2,156 crore) seven-year deal from the country's leading private sector bank ICICI Bank through Vara Infotech for providing a suite of services, said the IT major on Thursday.

"As Vara…

Trump tariff-hit US firms keen to relocate to India from China

New York (IANS) About 200 US companies have expressed interest in coming from China to India, according to Mukesh Aghi, the president of US-India Strategic Partnership Forum (USISPF).

The organisation, which promotes bilateral business and…