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In connection with the Yes Bank money laundering probe case, ED raids five premises of Cox and Kings in Mumbai. (PTI Photo)Business
Bombay High Court grants bail to Wadhawan brothers in Yes Bank fraud...

The court directed the duo to deposit Rs one lakh each as surety and surrender their passports

20 Aug 2020 1:50 PM IST

Sebi proposes to relax minimum public shareholding norms for firms under insolvency. (PTI Photo)Business
Sebi to relax public shareholding norms for firms under insolvency

Sebi has sought views of public and market intermediaries till September 18 in this regard

20 Aug 2020 10:47 AM IST

Dr Reddys launches Avigan for COVID-19 treatment. (PTI Photo)Business
Dr Reddy's launches COVID-19 drug Avigan (Favipiravir)

The launch is part of a global licensing agreement with Fujifilm Chemical that grants exclusive rights to manufacture...

19 Aug 2020 1:44 PM IST

Peoples Bank of China picks up 0.006 pc stake in ICICI Bank. (PTI Photo)Business
People's Bank of China invests Rs 15 crore in ICICI Bank amid...

Chinese bank was among 357 institutional investors including domestic mutual funds, insurance companies and global...

19 Aug 2020 10:18 AM IST

India urges auto companies to cut royalties to foreign parents. (PTI Photo)Business
Government asks automakers to cut royalties to foreign parents to...

Maruti Suzuki and Hyundai Motor's pay millions of dollars in royalties to parent companies in Japan, South Korea for...

19 Aug 2020 9:23 AM IST

Reliance buys majority stake in online pharmacy Netmeds for $83 million. (PTI Photo)Business
Reliance acquires majority stake in online pharmacy Netmeds

The company said its investment represents about 60% holding in Vitalic Health Pvt. Ltd. and 100% direct ownership of...

19 Aug 2020 9:03 AM IST

Union minister Hardeep Singh Puri on Tuesday said around 3.65 crore jobs would be generated in the construction of houses sanctioned under the Pradhan Mantri Awas Yojana. (PTI Photo)Business
PMAY(U) to generate 3.65 crore jobs in construction of sanctioned...

Puri said that it is estimated that 158 lakh metric tonnes of steel and 692 lakh metric tonnes of cement would be...

18 Aug 2020 3:05 PM IST

UK retailer Marks and Spencer to axe 7,000 jobs. (AFP Photo)Business
Marks & Spencer to cut 7,000 jobs after sales hit by COVID-19

The job cuts, to be carried out over the next three months, include losses from its central support centre and in its UK...

18 Aug 2020 12:51 PM IST

Indias GDP to contract 16.5 pc in Q1 as pandemic spreads, says SBI report. (Representative Image)Business
GDP to contract 16.5% in Q1 as COVID cases continue to surge: SBI...

The degrowth in corporate gross value added has been significantly better than revenue degrowth in Q1 FY21

18 Aug 2020 10:18 AM IST

Samsung plans producing Rs 3.7 lakh cr worth mobile phones in India over 5 yrs. (PTI Photo)Business
Samsung mulls producing Rs 3.7 lakh crore worth mobile phones in India

The government expects mobile phones worth Rs 11 lakh crore will be made in the country in the next five years

18 Aug 2020 8:17 AM IST

Sebi imposes Rs 10 lakh fine on Bank of Baroda. (PTI Photo)Business
Mutual fund norms violation: Sebi imposes Rs 10 lakh fine on Bank of...

Whole time member of the Sebi had earlier directed the bank to comply with the guidelines on or before December 31,...

17 Aug 2020 5:12 PM IST

Taxpayers not required to disclose high-value transactions in ITR. (PTI Photo)Business
Taxpayers need not reveal high-value transactions in ITR

Only third parties would report high-value transactions to the I-T department as per the Income Tax Act

17 Aug 2020 4:38 PM IST

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