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Hyundai, Kia invest around Rs 2,000 crore in Ola

Hyundai, Kia invest around Rs 2,000 crore in Ola

19-03-2019  comments

Bengaluru (IANS) In their single biggest investment ever, Hyundai Motor Co and its affiliate Kia Motors Corp on Tuesday announced an investment of Rs 2,068 crore ($300 million) in India's leading ride-hailing cab aggregator Ola.

New Zealand firms to pull ads from Facebook, Google

New Zealand firms to pull ads from Facebook, Google

18-03-2019  comments

Wellington (IANS) A collective of some of New Zealand's biggest companies is set to pull ads from Facebook and Google in the wake of the March 15 Christchurch mosques shootings in which the gunman live-streamed his massacre of 50 people.

Sensex up 300 points, Nifty above 11,500

Sensex up 300 points, Nifty above 11,500

18-03-2019  comments

Mumbai (IANS) The benchmark Sensex jumped over 300 points higher, while the Nifty crossed the 10,500 mark during the morning trade session on Monday.

Sentiments continued to be upbeat over sustained inflows of foreign funds and healthy buying…

AirAsia CEO quits Facebook over Christchurch videos

AirAsia CEO quits Facebook over Christchurch videos

18-03-2019  comments

Kuala Lumpur (IANS) AirAsia CEO Tony Fernandes has deleted his Facebook account over the circulation of a video of the Christchurch mosques carnage that claimed the lives of 50 people, saying the social media giant needed to "clean up and not…

Mumbai Metro launches 2-in-1 travel smart card

Mumbai Metro launches 2-in-1 travel smart card

18-03-2019  comments

Mumbai (IANS) The Reliance Infrastructure Ltd.'s Mumbai Metro One on Monday launched a 2-in-1 travel card in collaboration with TMW Fintech Pvt. Ltd. and the Federal Bank, an official said here.

The smart card, to be powered by MasterCard,…

LIC may propose 3-5 year time for IDBI Bank stake cut

LIC may propose 3-5 year time for IDBI Bank stake cut

17-03-2019  comments

New Delhi (IANS) The country's largest life insurer Life Insurance Corporation (LIC) may propose a timeline of 3-5 years for cutting down its stake in the recently acquired IDBI Bank to comply with insurance regulator Irdai's norm of 15 per…

Rs 210 crore of Army insurance funds sunk in IL&FS bonds

Rs 210 crore of Army insurance funds sunk in IL&FS bonds

16-03-2019  comments

New Delhi (IANS) One of the key prongs for the welfare of ex-servicemen -- the Army Group Insurance Fund (AGIF) -- has exposure to toxic IL&FS bonds amounting close to Rs 210 crore. This means that crores worth of insurance premiums, covering…

Consumers may get GST benefit through grammage increase

Consumers may get GST benefit through grammage increase

16-03-2019  comments

Kolkata (IANS) With a view to passing the benefits of tax rate reduction or input tax credit to consumers in the GST regime, consumers may get volume benefit in lieu of only price reduction as the National Anti-Profiteering Authority (NAA)…

Sensex hits 38,000, Nifty at 11,400

Sensex hits 38,000, Nifty at 11,400

15-03-2019  comments

Mumbai (IANS) The BSE Sensex on Friday touched the 38,000 mark for the first time since September, supported by healthy buying in the banking and finance stocks.

The Nifty50 on the National Stock Exchange also touched 11,400…

BSNL's total loss crossed Rs 90K cr: Kotak Equities

BSNL's total loss crossed Rs 90K cr: Kotak Equities

15-03-2019  comments

New Delhi (IANS) Kotak Institutional Equities (KIE) has said that state-run telecom firm BSNL's accumulated losses may have crossed Rs 90,000 crore by December end, and asked the government to take a call on either to consider equity…

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