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SoftBank had invested USD 2.5 billion in Flipkart and exiting the company would fetch it up to USD 4.5 billion. The USD 2 billion profit would be taxed as per Indian law. (Photo: AFP)

SoftBank profit up 49 per cent on Flipkart, ARM stake sales

SoftBank said it estimates that the sale of Flipkart shares will occur within 24 months of the inception of the...

6 Aug 2018 5:33 PM IST

Auto component industry on Monday sought uniform 18 per cent GST across the sector stating that low taxation would lead to better compliance and larger tax base.

Auto components industry seeks uniform 18 pc GST on all products

Currently 60 per cent of the components attract 18 per cent GST rate.

6 Aug 2018 5:22 PM IST

The government has withdrawn the preliminary information memorandum for proposed disinvestment of helicopter services provider Pawan Hans.

ONGC board approves stake sale in Pawan Hans

ONGC board had first on June 29 approved exiting Pawan Hans.

6 Aug 2018 4:11 PM IST

The BSE Sensex on Friday soared to life-time high of 33,270.62 and the NSE Nifty scaled another record high of 10.366.15 in opening trade. Photo: AP

Sensex, Nifty scale new records, banking, telecom stocks lead

The benchmark Sensex ends up by 135.73 points, or 0.36 per cent, at 37,691.89, its all time closing high.

6 Aug 2018 4:06 PM IST

The helmet also comes with its head-mounted camera for recording (similar to a dashcam in a car) and two indicators for letting other motorists know which side are you turning.

Manufacturing, selling non-ISI helmets now a criminal offence

While for first offence the penalty would amount to two years jail or fine of at least Rs 2 lakh.

6 Aug 2018 3:52 PM IST

While we have already seen self-assisted cars, the Honda Riding Assist takes it to a different level altogether.

Honda India two-wheelers crosses five-lakh mark in South

With this, the company has strengthened its leadership position as the number-one two-wheeler brand in the South.

6 Aug 2018 3:32 PM IST

HDFC Bank raises fixed deposit rates by up to 0.6 per cent

The deposit of maturity 6-9 months would earn 6.75 per cent, 40 basis points higher than previous rate.

6 Aug 2018 3:24 PM IST

German luxury car maker BMW on Thursday launched the diesel variant of its 6 Series Gran Turismo model in India with price starting at Rs 66.5 lakh.

BMW apologises over engine fires caused by hardware problem

A BMW recall of 42 models over safety concerns last month affected 1,06,000 vehicles.

6 Aug 2018 3:14 PM IST

Australian Indo Gold Limited discovers 38.5 million tonnes low grade gold resources in Jagpura

Gold rises by Rs 35 per 10 gm on jewellers' buying

Gold is trading at Rs 30,585 per 10 grams at the bullion market on persistent buying by local jewellers.

6 Aug 2018 3:08 PM IST

Reliance Communications Ltds decision to call of the merger with Aircel will weigh heavy on its deal with asset manager Brookfield. Photo: PTI

Reliance Communications, Ericsson reach USD 80 million settlement

India's bankruptcy court admitted a plea by Ericsson seeking insolvency resolution against RCom over unpaid service...

6 Aug 2018 2:14 PM IST

Maggi attains over 60 pc market share, touches pre-crisis level in...

Maggi contributes around one-third of the total sales of the company.

6 Aug 2018 2:01 PM IST

Union minister Nitin Gadkari said development work worth Rs 5 lakh crore would be started in Maharashtra. (Phptp: Debasish Dey)

Vehicle scrap policy to see another round of consultations: Gadkari

He said that after "taking everyone's views" it will be sent back to the PMO for approval.

6 Aug 2018 2:00 PM IST