Government to sell three SAIL plants

New Delhi (IANS) The government has decided to give a push to its strategic disinvestment plan within the current fiscal year itself by clearing sale of 100 per cent stake in three special steel producing units of Steel Authority of India Ltd. (SAIL),…

Huawei involved in stealing Apple trade secrets: Report

San Francisco (IANS) Chinese tech giant Huawei has been involved in "a pattern of dubious tactics" to steal technology from its rivals, particularly Apple's China-based suppliers, The Information has claimed.

While the theft…

Set-back for Vedanta, SC refuses re-opening of TN copper smelting plant

New Delhi (IANS) In a setback to Vedanta, the Supreme Court on Monday refused to order the re-opening of its Sterlite Copper Smelting plant located in Tamil Nadu as it set-aside the National Green Tribunal's (NGT) December 15 order on…

Reliance Group reaches agreement with 90% of lenders

Mumbai (IANS) The Anil Ambani-led Reliance Group has reached an in-principle "standstill understanding" with more than 90 per cent of its lenders, the company said on Sunday.

A Reliance Group statement said that as per the understanding…

Net SIP growth falls 61% in April-December

New Delhi (IANS) Growth of Systematic Investment Plan (SIP) in the country's mutual fund industry fell 61 per cent in the first nine months of the current fiscal, following a year of negative returns and the growing uncertainty due to the upcoming…

Karnataka businessman held, jailed for income tax default

Bengaluru (IANS) A Karnataka-based businessman has been jailed for six months for allegedly not filing his income tax arrears and interest of around Rs 7.35 crore despite reminders, an official said on Saturday.

"The defaulter…

India's exports in Jan up 4%; imports rise marginally

New Delhi (IANS) India's merchandise exports grew 3.74 per cent on a year-on-year basis in January, official data showed on Friday.

According to the data released by the Ministry of Commerce and Industry, India's January 2019 exports…

ED attaches assets of D.S. Kulkarni Developers worth Rs 904 cr

New Delhi (IANS) The Enforcement Directorate (ED) has attached assets worth Rs 904 crore of D.S. Kulkarni Developers Ltd (DSKDL) for cheating and siphoning off deposits worth Rs 1,084 crore from Maharashtra investors for more than a decade.

Kulkarni…

Jaitley back as Finance Minister, resumes charge

New Delhi (IANS) Union Minister Arun Jaitley on Friday returned to duties as Finance Minister after medical treatment in the US and a presidential directive to assign him the portfolio.

"The President of India, as advised by the Prime…

India's January WPI eases to 2.76%

New Delhi (IANS) India's annual rate of inflation based on wholesale prices eased to 2.76 percent in January from 3.02 percent reported for the corresponding month of 2018, official data showed on Thursday.

On a sequential basis, the Wholesale…