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Flipkart to ramp up product range, partners for Perfect Homes

Flipkart, which is being taken over by Walmart in a USD 16 billion deal, had introduced the furniture brand on its platform last year.

NCLAT declines to stay Bhushan Steel sale to Tata Steel, issues notices

An NCLAT bench headed by Chairman Justice S J Mulhopadhaya also issued notices to Tata Steel, the resolution professional and Committee of Creditors (CoC) of Bhushan Steel on a petition filed by its promotor Neeraj Singal challenging the sale.

Huawei to launch semi-budget smartphones Honor 7A, 7C on May 22; to be available exclusively on Flipkart

The dual-camera phones are expected to be priced below Rs 10,000

Ultratech Cement bags limestone mining block in Madhya Pradesh

«The company has won the Deora-Sitapuri-Udipyapura limestone mining block in the State of Madhya Pradesh,» Ultratech Cement said in a BSE filing.

Adani plans entry into e-bus manufacturing biz with Taiwanese tie-up

The Gautam Adani-led group is planning to set up a manufacturing facility in its SEZ in Mundra, Gujarat and is in talks with a Taiwanese electric bus manufacturer for a technology tie-up.

LT Hydrocarbon Engineering bags orders for setting up two fertilizer plants

LT Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of... Larsen Toubro Ltd, in consortium with TechnipFMC, has won two significant orders from Hindustan Urvarak and Rasayan Ltd (HURL), a joint venture company of IOCL, NTPC, CIL, FCIL and HFCL," Lar

Godrej Properties among top 3 developers in Delhi-NCR, Bangalore, Mumbai Pune

Godrej Properties Ltd (GPL) achieved a total sales bookings of Rs 5,083 crore during last fiscal.

Google still considering Flipkart minority stake purchase

Google is examining the pros and cons of the deal and is concerned that SoftBank Group has not yet made a firm decision on whether or not it wants to exit Flipkart.

Andhra Pradesh govt plans MSME Parks in every Assembly segment

The idea is to have one M-Park with an investment of Rs 225 crore to create 1,500 jobs in each of the 175 Assembly constituencies, with a newly-created AP MSME Development Corporation overseeing the process.

Glenmark Pharma gets USFDA nod for generic version of Welchol tablets

«Glenmark Pharmaceuticals Inc., USA has been granted final approval by the United States Food Drug Administration (USFDA) for Colesevelam Hydrochloride tablets, 625 mg,» the company said in a BSE filing today.

Jet Airways willing to look at Air India acquisition, says Naresh Goyal

Jet Airways and Vistara are now the only two domestic airlines in the race for the beleaguered national carrier.

Wilful defaults by PNB#39;s big borrowers rise further to Rs 15,200 cr by April-end

Big wilful defaulters are categorised by PNB as those borrowers with loan outstanding of Rs 25 lakh and over.

Finmin expects banks to get back over Rs 1 lakh cr with resolution of 12 major NPAs

The Kolkata Bench of the National Company Law Tribunal (NCLT) has already approved Vedanta Resources#39;s resolution plan for acquisition of Electrosteel Steels last month.

Jaiprakash Associates to appeal against NCLT order

In a regulatory filing, JAL said that the entire transaction was done at the behest of the banks in normal course of business.

DoT seeks reply from Airtel on Apple Watch eSIM service by May 24

The DoT has sought reply within a week from Airtel on a complaint by rival Reliance Jio alleging that the operator flouted norms on activation of eSIM in Apple Watch 3, an official source said.

Problem in bond market is root cause of banking sector crisis, says CAG

Rajiv Mehrishi further said the central bank, in its effort to ensure that banks don#39;t fail, has slowed down giving licences to new banks.

Two arrested for alleged GST fraud, tax evasion

Amit Upadhyay (40) and Asad Anwar Sayed (42) were sent in judicial custody for 15 days by a local court, a GST official said

This week in personal finance: Tips to select a good mutual fund; how credit card usage could impact your future home loan

Asset allocation review rebalance can be undertaken either at the end of fixed pre-determined time periods and/or based on significant deviations from one’s original allocations

EESL distributes 30 cr LED bulbs, helped save Rs 15K cr annually

The UJALA scheme was launched by Prime Minister of India Narendra Modi in January 2015 and is currently the largest LED distribution programme in the world.

NABARD sanctions Solar street lighting system in Arunachal

The project would be implemented in the four districts of the state Tirap, Longding, Namsai and Tawang.

Auto weekly wrap: A story about the fledgling pre-owned bike biz

Here#39;s a look at all the important developments of the week in the automotive space

India drags US to WTO over steel, aluminium duties

India has stated that the decision will impact exports of these products to the US and it is not in compliance with global trade norms.

SC decision on K#39;taka trust vote showed Guv was at fault: Sena

It also alleged that since the BJP has «money and muscle power», it may win over some Congress and JD(S) MLAs to prove majority in the southern state.

Factbox: Timings for Prince Harry and Meghan Markle#39;s wedding

Queen Elizabeth#39;s grandson Harry and Markle, who starred in the TV drama «Suits», will tie the knot at St George#39;s Chapel at Windsor castle, the oldest and largest inhabited fortress in the world.

Govt push to cap price of essential diagnostic tests to impact path labs, hospitals

The ministry is working with government policy think tank Niti Aayog to prepare a list of diagnostic tests for which prices will be regulated.

SC orders live telecast of floor test at K#39;taka Assembly

«Live broadcast of floor test will be the best possible way to ensure transparency in the proceedings,» a bench comprising justices A K Sikri, S A Bobde and Ashok Bhushan said.

Why don’t companies take liability covers seriously?

Insurers offer specialised covers depending on the type of the company, risks involved, number of employees and area of business

No decision about H4 visas is final until rulemaking process is completed: USCIS

The Trump administration is planning to revoke a rule that makes spouses of thousands of immigrant workers eligible to work while in the US, a move that could have a devastating impact on tens of thousands of Indians.

MF weekly wrap: Dai-ichi Life picks stake in UBI AMC arm; Vinit Sambre to head equities at DSP BlackRock

Accordingly, Union Mutual Fund will now be co-sponsored by Union Bank of India and Dai-ichi Life

Indian signing foundational agreements with US would broaden defence relationship

Ahead of her visit to India next week, Tina Kaidanow, Principal Deputy Assistant Secretary of State for Political-Military Affairs, told a group of reporters that it is important for Indian officials to understand these foundation agreements because it allow

US Treasury sanctions Venezuelan leader#39;s top aide Cabello

Cabello, a Socialist party boss and former speaker of the National Assembly, was targeted along with his wife and brother.

Top selling smartphones: iPhone X ranked number 1 in March, Xiaomi#39;s Redmi 5A takes third spot

Xiaomi debuted on the top-10 list with its budget offering, the Redmi 5A capturing almost 1.8 percent market share.

McLeod Russel looking to sell tea estates to settle its debt

MK Shah Exports is reportedly leading the race to buy some of the tea estates.

SEBI votes for secretarial audits in listed companies

SEBI believes a lot of work needs to be done to improve secretarial audits in listed companies to raise corporate governance standards.

Podcast | A beginner#39;s guide to investing - Series 3

A Mutual Fund is a pool of money provided by a number of people, investors and/or organisations

Economy’s growth, macroeconomic parameters continue to be sound: Economic Affairs Secy

Rising crude oil prices will have USD 25-50 impact on India#39;s imports, widening the current account deficit

Podcast | Here#39;s all you need to know about TRAI’s war against call drops

TRAI has been in the news of late for taking a stance against tardiness by telecom operators with regard to QoS, or quality of service in certain circles, especially call drops

Vinit Sambre to head equities at DSP BlackRock Mutual Fund

The fund house will also elevate Rohit Singhania, Senior Vice President, as Co-Head – Equities

Number of customers are expected to grow at least by 3-4 times in this fiscal: Ola

Rahul Maroli, vice-president - rental and corporate distribution, said that the company is trying innovative services
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