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FMCG firm Wipro Consumer Care and Lighting on Thursday said it plans to invest Rs 220 crore to set up a new manufacturing facility for personal care products in Telangana.

Business

Wipro rises over 3 per cent after Q2 earnings

The company had registered a net profit of Rs 1,889 crore in the year-ago period.

16 Oct 2019 12:03 PM IST

Adani Group on Wednesday announced foray into transport infrastructure with a Rs 1,140-crore highway project won by a consortium led by its holding firm in Chhattisgarh from the National Highways Authority of India (NHAI).

Business

Adani Wilmar eyes Rs 36,000 cr from consumer business in 5 years

Adani Wilmar clocked total revenue of Rs 28,000 crore in FY'19 of which Rs 18,000 crore came from consumer busines.

16 Oct 2019 11:26 AM IST

Flipkart had hired about 10,000 temporary staffers, mostly in logistics, ahead of festive sales

Business

Flipkart ups ante against Amazon; to set up unit for food retail in...

Flipkart did not comment on the investments planned for the new venture.

15 Oct 2019 5:00 PM IST

On the domestic front, Air India is introducing new flights on BhopalPuneBhopal route and Varanasi-Chennai-Varanasi from June 5, 2019.

Business

Oil Cos say Air India not honouring Rs 100 cr/month payment promise

The monthly payment was besides the airline being put on cash-and-carry where it was given fuel only against cash...

15 Oct 2019 4:44 PM IST

Syndicate Bank has reported a net loss of Rs 263.19 crore for the June quarter of 2017.

Business

Lakshmi Vilas Bank, Syndicate Bank shares fall after RBI fine

Lakshmi Vilas Bank scrip went lower by 4.96 per cent to its lower circuit level as well as one-year low of Rs 22.05 on...

15 Oct 2019 12:37 PM IST

Business

Energy giant Exxon Mobil, India's ONGC sign expertise-sharing deal

A growing demand in India amid a global slowdown and government policies have made investments and returns attractive.

15 Oct 2019 12:21 PM IST

Business

Air India becomes first airline to use Taxibot on A320 aircraft

Taxibot is a robot-used aircraft tractor for taxiing an aircraft from parking bay to runway and vice versa.

15 Oct 2019 11:53 AM IST

The first liquefied natural gas (LNG) shipment from the US arrived at the Dabhol terminal of state-run gas major Gail here on Friday.

Business

Cabinet to consider splitting GAIL; pipeline business not to be sold...

GAIL's marketing business formed 76 per cent of its 2018-19 total sales and about 30 per cent pre-tax profit.

15 Oct 2019 11:06 AM IST

Supreme Court said the 3 Amrapali directors will remain under police surveillance confined to the hotel. (Photo: amrapali.in)

Business

Attached properties of Amrapali Group to be auctioned: Supreme Court

The court took on record the third report of forensic auditors with regard to the Heartbeat city project of Amrapali and...

15 Oct 2019 10:43 AM IST

Hindustan Unilever Limited or HUL is a fast moving consumer goods company.

Business

HUL net spurts 21 per cent, but volume drags

Home care sustained another quarter of robust growth with consistent top line delivery in fabric wash.

15 Oct 2019 1:18 AM IST

$\There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,\ Injeti Srinivas said.$ Business

Govt mulls raising Rs 1 lakh default threshold for invoking IBC:...

The banks should be looking at other options for recovering loans before invoking the IBC, said Corp Affairs Secy Injeti...

14 Oct 2019 10:18 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

Business

SBI re-enters top-10 most valued firms list; replaces Bajaj Finance

The bank had on October 1 lost its spot to Bajaj Finance in the coveted club of top-10 most valued domestic companies.

14 Oct 2019 9:54 PM IST