Flipkart Group invests Rs 260 crore in Arvind Fashions' arm

Bengaluru (IANS) The Flipkart Group on Thursday announced it has invested Rs 260 crore to purchase a significant minority stake in Arvind Youth Brands, a subsidiary of Arvind Fashions (AFL).

Arvind Youth Brands owns the popular Flying Machine…

Interups Inc says it is a serious contender for Air India

New Delhi (IANS) US-based fund Interups Inc will be submitting its bid for Air India on or before August 31, 2020, unless there is any further extension of the deadline.

Laxmi Prasad, Chairman & CEO, Chief Business Architect, Interups Inc said,…

Wadhwani Foundation pledges Rs 200 crore to help distressed SMEs

New Delhi (IANS) The Wadhwani Foundation (WF) has committed an investment of Rs 200 crore to help distressed small and medium enterprises (SMEs) affected by Covid-19-induced economic crisis and public health workers to improve COVID-19 knowledge and…

Flipkart, Amazon among ecommerce players asked to indicate country of origin on products

New Delhi (IANS) Consensus is building within the government that e-commerce players like Flipkart, Amazon will have to indicate the country of origin of the product on their merchandise.

DPIIT under the Ministry of Commerce and Industry is…

No economic logic now for diesel cars: Maruti Suzuki

New Delhi (IANS) With parity between the prices of petrol and diesel, there is no economic logic for buying diesel cars as with the same running cost, the acquisition cost differential is very high.

In an interview with IANS, Shashank Srivastava,…

UltraTech arm to sell entire stake in Chinese cement firm

Mumbai (IANS) Krishna Holdings, a subsidiary of UltraTech Nathdwara Cement, will sell its entire 92.5 per cent stake in China's Shandong Binani Rongan Cement for around $129 million.

UltraTech Nathdwara Cement is a subsidiary of the UltraTech…

Sensex well above 36,000 mark, RIL hits record high

Mumbai (IANS) The key Indian equity indices rose on Monday with the BSE Sensex gaining over 370 points to trade well above the 36,000 mark,

The gains were in line with the positive trade in the Asian indices, analysts said.

Surge in…

Rs 90k cr package for discoms not enough, dues cross Rs 1 lakh cr

New Delhi (IANS) The Centre's Rs 90,000 crore liquidity window to financially stressed state discoms for clearing their mounting dues to power genreration companies may not be sufficient to clean up their books and clear all outstanding.

The…

Gold may cross Rs 52,000 per 10 grams by Diwali

New Delhi (IANS) The price of gold in the spot and futures markets remained soft for the fourth consecutive day on Monday, but during the corona period the fundamentals of the precious metal are strong due to which it may touch a new high later this…

DHFL defaults on Rs 50-cr NCD repayment, blames 'moratorium restrictions'

Mumbai (IANS) Bankrupt non-banking financial company (NBFC) DHFL has defaulted on the repayment of Rs 50 crore on secured non-convertible debentures (NCD) and has attributed its failure to repay the principal payment to the moratorium restrictions…