Home » Business

Business - Page 278

The Federation of Auto-mobile Dealers Association or FADA on Wednesday issued a legal notice to premium Delhi-based bike maker UM Lohia Two Wheelers (UM Lohia), alleging fraud that caused a loss of Rs 150 crore to 80 dealers across the country in setting up the infrastructure.

FADA to sue UM Lohia for closing operations

The dealers were not able to sell once the deadline was crossed and the company allegedly refused to take back the...

24 Oct 2019 1:41 AM IST

India has a share of four per cent in the global seed market. The Indian seed market had a value of $3.6 billion in 2017, exhibiting a compounded annual growth rate (CAGR) of about 17 per cent during 2010-2017.

Tap seeds used in tribal, hilly areas: Study

The Indian seed market is dominated by maize, cotton, paddy, wheat, sorghum, sunflower and millets.

24 Oct 2019 1:38 AM IST

LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.

Domestic cues point to volatility

Global markets haven't been supportive while the domestic cues are pointing to volatility.

24 Oct 2019 1:35 AM IST

These batches are now back on the retail shelves in that country. Meanwhile, Dr Reddys Laboratories have recalled all its ranitidine medications in the US.

Strides' ranitidine gets Oz nod

On 13 September, the US FDA had issued a safety alert citing traces of NDMA in ranitidine.

24 Oct 2019 1:31 AM IST

ITC Fabelle truffles come at a record Rs 1 lakh

Luxury chocolate brand from ITC has entered the Guinness Book of World Records.

24 Oct 2019 1:24 AM IST

Mr Sikka was something of a poster boy for IT when he joined Infosys after 12 years with the Germany-based global leader in enterprise software SAP.

Infosys in mess over disclosure

Stock exchange BSE has sought clarifications from Infosys, for which the reply was awaited at the press time.

24 Oct 2019 1:09 AM IST

Lemon Tree Hotels chairman and managing director Patanjali Keswani. (Photo: File)

Lemon Tree Hotels plans to have 107 hotels by 2021

Lemon Tree Hotels boasts of maintaining a room occupancy rate of around 77 per cent against a national average of nearly...

23 Oct 2019 7:35 PM IST

The rupee fell against the dollar as the greenback strengthened post Fridays upbeat US non-farm payroll data.

Rupee inches up 3 paise to 70.91 versus USD

Easing crude oil prices propped up the local unit, though fresh capital outflows capped the gains, forex traders said.

23 Oct 2019 7:03 PM IST

Larsen and Toubro (L&T) on Thursday said its subsidiary L&T Construction has bagged orders worth Rs 2,440 crore in the domestic market.

L&T Q2 profit rises 13 per cent to Rs 2,527 crore

The company had posted a consolidated PAT of Rs 2,230.49 crore in the year-ago period, Larsen & Toubro said in a filing...

23 Oct 2019 6:12 PM IST

To improve ease of doing business, a new scheme of self-assessment-based duty-free procurement of inputs required for exports has been introduced.

Kolkata, Bengaluru to be included in World Bank's doing business...

The report ranks 190 nations based on ten parameters, which includes ease of starting a business, construction permits...

23 Oct 2019 5:22 PM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

Sensex closes 95 points higher; Nifty settles above 11,600

HCL Tech was the top gainer in the Sensex pack, rising 2.93 per cent, ahead of its quarterly results.

23 Oct 2019 4:08 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Crude oil futures strengthen on spot demand

Analysts said raising of bets by participants kept crude prices higher in futures trade here.

23 Oct 2019 1:55 PM IST