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SBI chairperson Rajnish Kumar. State bank of India approved a further investment of upto 17.60 billion rupees in public offering of Yes Bank. (PTI Photo)

SBI to invest Rs 1760 crore in Yes Bank

In March this year, SBI board had approved an investment of Rs 72.50 billion into the troubled lender Yes Bank.

9 July 2020 8:54 AM IST

Court grants relief to Unilevers India unit over Glow & Handsome trademark. (Photo- Twitter)

Court grants relief to Hindustan Unilever over 'Glow & Handsome'...

The company said its skin cream for men will be called Glow & Handsome', but Emami launched Glow & Handsome' digitally...

7 July 2020 2:57 PM IST

Mylan gets DCGI nod for remdesivir in India, to launch at Rs 4,800 per vial. (AFP Photo)

Mylan Pharma to launch remdesivir in India at Rs 4,800 per 100 mg vial

The drug will be launched under the brand name Desrem in India and will be available to patients later this month

7 July 2020 1:48 PM IST

Infosys brings back over 200 employees, their families from US via chartered flight. (PTI Photo)

Infosys brings back 200 stranded employees, families from US

The company brought these people back from San Francisco via a special chartered flight that landed in Bengaluru

7 July 2020 11:48 AM IST

The World Bank on Monday signed a 750 million dollar agreement with the government for MSME emergency response programme. (AFP Photo)

World Bank, India sign Rs 5,600 crore support to COVID-19 hit MSMEs

The programme will address immediate liquidity and credit needs of nearly 15 lakh viable MSMEs

7 July 2020 10:31 AM IST

Probe into deadly Andhra Pradesh gas leak finds LG Polymers negligent. (PTI Photo)

Vizag gas leak: Negligence led to LG Polymers gas leak, says...

The government said there had been a lack of adherence to safety protocols and timely emergency response measures at the...

7 July 2020 9:38 AM IST

Indian government is reviewing around 50 investment proposals involving Chinese companies under a new screening policy. (AFP Photo)

India reviewing around 50 investment proposals from Chinese firms

The official said about 40-50 applications involving funding from Chinese investors filed since rule change and are...

7 July 2020 9:07 AM IST

Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts. (AFP Photo)

Oil prices cautiously rise on output cut support

The market is still being supported by a bigger-than-expected drawdown in US crude stockpiles reported last week

7 July 2020 9:04 AM IST

The SMIC IPO push is part of the Communist Partys strategy to develop global leaders in artificial intelligence, big data, and other advanced sectors.

Chipmaker SMIC set for a huge IPO as China looks to make semiconductor...

SMIC is China's biggest contract manufacturer of chipsets, and the country's hope to make its tech firms non-dependent...

6 July 2020 9:07 PM IST

Suspension of the H1-B visas by the US will cost domestic IT firms Rs 1,200 crore. (AFP Photo)

H1-B visa suspension by US to have Rs 1,200 crore impact on Indian IT...

Visas used by Indian tech professionals were suspended by the Donald Trump administration as it looked to arrest the...

6 July 2020 4:52 PM IST

Mercedes-Benz will recall more than 660,000 vehicles in China later this year for a possible oil leak. (AFP Photo)

Mercedes to recall 6,60,000 vehicles in China for oil leak

The announcement follows another recall that began last month of 4,653 imported Mercedes sedans that had incorrect...

6 July 2020 10:21 AM IST

Billionaire Mukesh Ambanis Reliance Industries Ltd (RIL) plans to increase its network of aviation fuel stations by 50 per cent. (PTI Photo)

Reliance plans to up aviation fuel stations by 50%

Reliance Aviation has the highest market share in 20 per cent of the operating airports

6 July 2020 9:51 AM IST