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No takers for Sahara’s Aamby Valley properties: Official liquidator tells SC

Friday, 13 Jul 2018 | PTI | New Delhi

The auctioning process of Sahara group’s prized Aamby Valley properties has been put off after the auction notice failed to elicit any response from prospective buyers, the Supreme Court was informed on Thursday. A bench headed by Chief Justice Dipak Misra was informed about this by the official liquidator of the...

India’s fuel demand jumps 8.6% in June

Friday, 13 Jul 2018 | PTI | New Delhi

India’s fuel demand jumped 8.6 per cent in June as falling rates led to rise in consumption. Fuel consumption in June totalled 17.99 million tonne (MT) as compared to 16.56 MT in the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed....

Business Corner

Friday, 13 Jul 2018 | Agencies

Madhya Pradesh CM dedicates NTPC’s 250 MW Solar Project In Suwasra Shri Shivraj Singh Chauhan, Hon’ble Chief Minister, MP on Wednesday, 11th July 2018 dedicated to the State of MP, NTPC’s 250 MW Solar Power Plant in Suwasra, District Mandsaur, Madhya Pradesh. This project has been set up by NTPC at...

Retail inflation hits 5-month high of 5% in June

Friday, 13 Jul 2018 | PTI | New Delhi

Retail inflation spiked to a five-month high of 5 per cent in June on costlier fuel, despite easing food prices, reducing possibilities of an interest rate cut by the Reserve Bank in its upcoming monetary policy review. The retail inflation based on Consumer Price Index (CPI) stood at 4.87 per cent...

Ogilvy fires Global Creative Head Tham Khai Meng

Friday, 13 Jul 2018 | Agencies | New Delhi

Singaporean advertising veteran Tham Khai Meng was on Thursday terminated from his longtime position as worldwide chief creative officer of The Ogilvy Group. The global advertising agency’s chief executive officer John Seifert told employees in a memo that this followed an internal investigation into complaints over Mr Tham’s behaviour.

BSNL starts first internet telephony service in India

Thursday, 12 Jul 2018 | PTI | New Delhi

State-owned BSNL on Wednesday unveiled the country’s first internet telephony service that will allow users to dial any telephone number in India through its mobile app, starting from July 25. The company launched the app ‘Wings’ that will allow customers to make unlimited calls by paying annual fee of Rs 1,099...

Tata Motors’ new SUV to be called ‘Harrier’; launch in Q1 2019

Thursday, 12 Jul 2018 | PTI | Mumbai

Tata Motors on Wednesday said its much-awaited compact sports utility vehicle (SUV) will be called ‘Harrier’, which is being developed in collaboration with its marque British arm Jaguar Land Rover. This five-seater monocoque SUV is engineered on the new generation platform and was unveiled at the Auto Expo 2018 as the...

Sebi slaps Rs 10-lakh fine on Axis Trustee Services

Thursday, 12 Jul 2018 | PTI | New Delhi

Markets regulator Sebi on Wednesday imposed a penalty of Rs 10 lakh on Axis Trustee Services for non-compliance with debenture trustee norms. It found that Axis Trustee failed to appoint nominee directors for debt issues of three companies — Jaiprakash Associates, Essar Power and Amtek Auto. It also failed to create...

Idea-Voda merger important for stabilisation of sector, says Govt

Thursday, 12 Jul 2018 | PTI | New Delhi

The telecom sector will stabilise once the Idea Cellular and Vodafone India merger is completed after the two firms fulfil certain ‘pending formalities’, the government said on Wednesday. “We would like to see that the merger is completed at the earliest because we too want the sector is stabilised. This is...

India replaces France as world’s 6th biggest economy

Thursday, 12 Jul 2018 | AFP | Paris

India has become the world’s sixth-biggest economy, pushing France into seventh place, according to updated World Bank figures for 2017. India’s gross domestic product (GDP) amounted to $2.597 trillion at the end of last year, against $2.582 trillion for France. India’s economy rebounded strongly from July 2017, after several quarters...


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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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Two-month-old dies in 108-Amublance

18 Jul 2018 | Staff Reporter | RAIPUR

A two-month-old infant died due to suffocation after the door of the ‘108 Ambulance Service’ that was carrying him to a hospital malfunctioned and failed to open on time at Dr Bhimrao Ambedkar Hospital here on Tuesday. The Ambulance operators tried to open the door for a couple of hours but failed to open it on time...

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