PFC, REC may restrict funding to power projects based on Chinese equipment

New Delhi, June 29 (IANS) The government's economic response against China may see public sector financiers restricting funding of projects that ise equipment from the neighbouring country, sources said on Monday.

The practice would first…

India's economy is in deep trouble: S&P

New Delhi (IANS) S&P Global Ratings said on Friday that the Indian economy is in deep trouble with growth likely to contract by 5 per cent this financial year.

"India's economy is in deep trouble. Difficulties in containing the virus, an…

Worst over? Petrol, diesel demand reach 89% of normal in May, June

New Delhi (IANS) The worst phase for oil marketing companies may be over due to smart recovery in the sales of both petrol and diesel in May and June, with India gradually unlocking itself from the lockdowns imposed to contain COVID-19 spread.

HUL completes VWash acquisition from Glenmark

Mumbai (IANS) Hindustan Unilever Limited (HUL) on Friday announced that it has completed the acquisition of intimate hygiene brand VWash from Glenmark Pharmaceuticals Ltd.

In a regulatory filing, HUL said that it has acquired the intellectual…

'Grow with Google' trains 50 million people in Asia Pacific

New Delhi (IANS) The Grow with Google initiative has trained 50 million people in Asia Pacific to date, empowering small businesses and jobseekers who are facing uncertainty and looking for digital skills training to help them increase their economic…

ICICI Bank's $3 bn capital raised to target growth

New Delhi (IANS) A potential capital raise of $3 billion by ICICI Bank could be to further improve its margin of safety and to be better prepared to capitalize on potential growth opportunities.

According to a research report by Morgan Stanley,…

CBI files charge-sheet against Rana Kapoor, Wadhawans

Mumbai (IANS) The Central Bureau of Investigation (CBI) filed a charge-sheet against Yes Bank founder Rana Kapoor, his family, Dewan Housing Finance promoters and others in the Rs 3,700 crore fraud case, said an official, here on Thursday.

The…

Equity indices in green, Sensex above 35,500

Mumbai (IANS) The key Indian equity indices rose on Wednesday with the BSE Sensex trading well above the 35,000-mark. Healthy buying was witnessed in auto, FMCG and metal stocks.

Around 10.25 a.m., Sensex was trading at 35,680.93, higher by…

Hinduja brothers battle over $11b family fortune

New Delhi (IANS) The Hinduja family is locked in a dispute over the future of the $11.2 billion fortune with ongoing litigation in the UK.

Three brothers of the Hinduja Family -- G.P. Hinduja, P.P. Hinduja and A.P. Hinduja -- on Tuesday issued…

Microsoft acquires CyberX to boost IoT deployments for customers

San Francisco (IANS) Microsoft has acquired a security startup called CyberX to to accelerate and secure customers Internet of Things (IoT) deployments.
Terms of the deal were not disclosed but media reports said the acquisition could be around…