Home » Business

Business - Page 231

Maruti Suzuki, Indias biggest car maker, on Monday launched its much-awaited new small hatchback, or Mini SUV S-Presso, as the company dubbed it, with the starting price of Rs 3.69 lakh to boost sales in Asias third biggest car market during the festive season and beyond.

New Maruti S-Presso enters top 10

The company said in an exchange filing that it sold 10,634 units of the mini-SUV in October, bagging 8th rank.

21 Nov 2019 1:42 AM IST

The real estate sector has filed 115 insolvency cases till September and $1 billion has already been transacted under stressed asset deals in 2019.

Realty sees 115 insolvency cases, $1 billion stressed deals

As per the Insolvency and Bankruptcy Board of India, a total 115 insolvency cases have been filed as of September 2019...

21 Nov 2019 1:39 AM IST

The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

Nifty upside capped due to fair valuations

Similarly, the broader NSE Nifty closed just below the crucial 12,000-mark, advancing 59 points, or 0.49 per cent, to...

21 Nov 2019 1:37 AM IST

CFMoto, the Chinese motorcycle manufacturer, is the latest to enter the lucrative 21.18 million Indian motorcycles market by opening its first showroom in India at Thane, near Mumbai on Wednesday and it introduced four motorcycle models to lure buyers.

Chinese bike maker CFMoto enters India

The Chinese firm has partnered with the Indian Anvita Autotech Works company to form a joint venture to sell the Chinese...

21 Nov 2019 1:34 AM IST

Although R Sridhar is set to be the full-time fielding coach for the Indian cricket team, Rhodes may also be offered a role as a fielding consultant in Ravi Shastris support staff during Indias tour of Sri Lanka. (Photo: AFP)

Jonty Rhodes to field for Boost, train young Indians

On the Boostcamp, Rhodes will be sharing his experience through training videos on Fielding', an integral feature of...

21 Nov 2019 1:29 AM IST

Telecom infrastructure firm American Tower Corporation (ATC) today announced that it has completed mobile tower purchase deal worth Rs 3,800 crore with Vodafone India through its Indian arm.

Telecom stocks rally on relief hope

Analyst are seeing current rally in telecom stocks as a reaction to the news on tariff hike from an oversold position.

21 Nov 2019 1:25 AM IST

Sebi has begun looking into the matter for any possible disclosure and corporate governance-related lapses.

Sebi tightens default disclosure norms

It has also decided to amend the norms for portfolio managers by raising net worth and minimum investment requirements.

21 Nov 2019 1:23 AM IST

The Reserve Bank of India (RBI) on Wednesday superseded the board of debt-laden Dewan Housing Finance Corporation Limited (DHFL) owing to governance concerns and defaults in meeting various payment obligations by the mortgage lender.

RBI supersedes DHFL board

The central bank also said it would shortly initiate the process of resolution of the company under the insolvency and...

21 Nov 2019 1:21 AM IST

The Department of Telecom has issued 13-digit numbers to telecom operators for the trial of machine-to-machine (M2M) communications like smart electric metres and car tracking devices.

Telcos have to pay Rs 1.47 lakh cr dues; no proposal to waive off...

Supreme Court last month held that non-telecom revenues have to be considered for calculating statutory dues.

20 Nov 2019 5:44 PM IST

According to forex experts, the rupee would continue to remain weak on global and domestic concerns.

Rupee settles 10 paise lower at 71.81 against US dollar

The decline in the domestic unit was capped by a rally in domestic stocks, forex traders said.

20 Nov 2019 5:31 PM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Sebi tightens disclosure norms on loan defaults

Sebi also extended the Business Responsibility Report (BRR) requirement to top 1,000 companies, from 500 currently.

20 Nov 2019 5:31 PM IST

Railway Minister Piyush Goyal addressing a press conference in Bengaluru on Friday. (Photo: ANI)

Govt mulling to provide forex loan at cheaper rate to exporters: Goyal

Govt is considering a proposal to provide higher insurance coverage to the banks on their export-credit-disbursement.

20 Nov 2019 5:03 PM IST