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Business Corner

Wednesday, 18 Jul 2018 | Agencies

Ford sells one millionth car in India American carmaker Ford which was one of the first international entrants into a post-liberalised Indian economy in 1998 today announced that it had sold its one millionth car in India, a Ford Freestyle in a Delhi showroom. Ford which has invested over $2...

IDBI Bank to seek Govt nod for LIC’s stake purchase

Wednesday, 18 Jul 2018 | IANS | Mumbai

State-run IDBI Bank on Tuesday said it will seek rgw Central Government’s nod on the Life Insurance Corp’s (LIC) proposal to acquire 51 per cent stake in the debt-ridden lender. According to a BSE filing, the lender received LIC’s proposal to acquire the controlling stake, as a “promoter through preferential allotment...

Rolls-Royce reveals plans for ‘flying taxi’

Wednesday, 18 Jul 2018 | Agencies | Farnborough

British engine maker Rolls-Royce revealed plans this week to develop a hybrid electric vehicle, dubbed the “flying taxi”, which takes off and lands vertically and could be airborne within five years. The London-listed aerospace giant, which is based in Derby in central England, showed off the plans at the Farnborough Airshow...

Jet Airways places additional orders for 737 MAX aircraft

Wednesday, 18 Jul 2018 | IANS | Farnborough/Mumbai

Airline major Jet Airways has placed an additional order for 75 jets of Boeing “737 MAX 8” aircraft during the 2018 Farnborough International Airshow. According to a joint statement issued on Tuesday, the order, valued at $8.8 billion at current list prices, was previously posted as unidentified on Boeing’s Orders and...

Finmin likely to infuse about Rs 10K cr soon in PSU banks

Wednesday, 18 Jul 2018 | PTI | New Delhi

The Finance Ministry is likely to infuse about Rs 10,000 crore within a few days in some state-owned lenders including PNB, Corporation Bank and Central Bank of India, to help them meet regulatory capital requirement, sources said. Some of these banks have come under pressure because of interest payment to their...

Govt doubles import duty on over 50 textile products

Wednesday, 18 Jul 2018 | PTI | New Delhi

The government has doubled import duty on over 50 textile products — like jackets, suits and carpets — to 20 per cent, a move that is aimed at promoting domestic manufacturing. The Central Board of indirect Taxes and Custom (CBIC) late last night notified list of textile products on which duties...

Digital security staff crisis top inhibitor to innovation: Survey

Wednesday, 18 Jul 2018 | PTI | New Delhi

Organisations across the globe continue to be plagued by skills-related challenges as they undergo digitalisation, with shortage of digital security staff being considered a top inhibitor to innovation, research firm Gartner today said. According to a survey by Gartner, about 95 per cent of the participating chief information officers (CIOs) said...

BusinessCorner

Wednesday, 18 Jul 2018 | Agencies

Hyundai to hike prices of Grand i10 from Aug New Delhi: Hyundai Motor India (HMIL) on Tuesday said it will increase the price of its hatchback Grand i10 by up to 3 per cent from August. The company, which has not changed prices of its other models, said the price...

Airbus strikes deals in China, India amid Brexit

Tuesday, 17 Jul 2018 | AFP | Farnborough

European aerospace giant Airbus announced deals with Chinese, Indian and Taiwanese airlines today, kicking off the Farnborough airshow in Britain on an upbeat note despite concerns about the effects of Brexit. China’s Sichuan Airlines said it will be buying 10 A350 long-haul planes with a list price of USD 2.8 billion...

LIC gets board’s nod to buy majority stake in IDBI Bank

Tuesday, 17 Jul 2018 | PTI | New Delhi

The LIC board today gave approval to the insurance behemoth to acquire IDBI Bank by raising stake to 51 per cent via preferential shares, Economic Affairs Secretary S C Garg said on Monday. The debt laden bank will issue preferential shares to state-owned LIC to raise capital. “Most likely that (preferential share...


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My father lived, died for India, says Rahul

15 Jul 2018 | PTI | New Delhi

Amid row over alleged use of derogatory language in a web series while referring to former Prime Minister Rajiv Gandhi, Congress chief Rahul Gandhi on Saturday said the BJP and the RSS believe that freedom of expression must be policed, while he regards it as a fundamental democratic right. “My father lived and died in the service of India...

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STATE EDITIONS

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Demolition continues, encroachment in gated colonies to be razed too

19 Jul 2018 | PNS | Dehradun

The court ordered anti-encroachment drive continued in Dehradun with 280 encroachments being demolished and 185 being marked on Wednesday. A total of 2196 encroachments have been demolished, 4674 have been marked and 88 buildings have been sealed so far...

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