Mahindra commits to become carbon neutral company by 2040

San Francisco (By - Vishal Gulati - IANS): Mahindra & Mahindra, India's leading manufacturer of utility vehicles and part of the $20.7 billion Mahindra Group, on Thursday announced its commitment to become a carbon neutral company by 2040.

Retail inflation cools down but October RBI rate hike imminent: SBI report

Mumbai (IANS): Even as the country's retail inflation cooled off in August, an October rate hike by the Reserve Bank of India (RBI) is imminent, a SBI Ecowrap report said on Wednesday.

"Even though CPI (Consumer Price Index) inflation…

SpiceJet opens five new air routes in Uttar Pradesh

Lucknow (IANS): An agreement was signed between the Uttar Pradesh government and private air carrier Spice Jet on Wednesday to fly on five new routes in the state, an official said.

The new routes on which flights will begin after clearances…

As proud Indians, we want to bring the best to India: Consulting perfumer Abdulla Ajmal

Dubai (By Durga Chakravarty-IANS): Dubai-based Indian perfumer Abdulla Ajmal, who is the consulting perfumer to Ajmal India, says the label is ready for its "ghar wapsi" to offer the best in the country.

Ajmal Perfumes, a homegrown…

Larger number of bad loans originated in 2006-2008: RBI ex-chief

New Delhi (IANS): A larger number of bad loans or NPAs originated in 2006-2008 when Indian economic growth was strong as the banks made mistakes, former RBI Governor Raghuram Rajan has said.

He said that global slowdown, project cost overruns…

Alibaba CEO Zhang to succeed Jack Ma as Chairman

Bengaluru (IANS): Chinese e-tailer Alibaba Group's Chief Executive Daniel Zhang will be the new chairman, succeeding its co-founder Jack Ma from September 10, 2019, the global firm announced on Monday.

"Ma will continue as the executive…

Sensex plunges 467 points on weak rupee; Nifty loses 151 points

Mumbai (IANS): The key Indian equity indices ended deep in the red on Monday with the benchmark Sensex losing 467 points and the Nifty50 down 151 points.

The domestic equity market was weighed down by a record low rupee and weak global markets.

Domestic fuel prices high due to weak rupee against USD: Pradhan

New Delhi (IANS): Union Petroleum Minister Dharmendra Pradhan on Saturday said a weak Indian rupee against the US dollar and supply-side constraints have led to high domestic fuel prices.

The minister's comments come in the backdrop of…

Alibaba's Jack Ma to retire

New York (IANS): Jack Ma, Alibaba's co-founder and executive chairman, has said that he plans to step down from the Chinese e-commerce giant on Monday to pursue philanthropy in education, a changing of the guard for the $420 billion internet company.

Let Indian users decide on data localisation: Experts

New Delhi (IANS): Amid the Indian government's call to store data locally, experts here said on Friday that the consumers should be free to choose jurisdiction in which data can be stored and it might not be prudent to force data localisation.