Business

Honda Cars India to increase prices from next month

Thursday, 17 January 2019 20:20
Passenger car manufacturer Honda Cars India on Thursday said it will increase the price of its models from February 1, 2019. According to the company, the price increase on the CR-V model will be Rs 10,000 and on other models…

Indra Nooyi under Trump administration consideration to head World Bank

Thursday, 17 January 2019 10:54
Indian-American business leader Indra Nooyi, who headed the multinational PepsiCo, is under consideration for heading the World Bank, according to multiple media reports. If she is nominated by US President Donald Trump to be the Bank’s president, she will succeed…

Musk quotes $1 bn to build tunnel under Australian mountain range

Thursday, 17 January 2019 09:35
Tesla CEO Elon Musk has quoted $1 billion to build a commuter tunnel under Australia’s Blue Mountains, which divide Sydney from the countrys vast western interior. The renowned tech innovator was responding via Twitter to a query by New South…

RBI slaps Rs 1-cr penalty on Bank of Maharashtra

Thursday, 17 January 2019 09:04
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Bank of Maharashtra for deficiencies in regulatory compliance. According to the RBI, the fine was imposed by an order dated January 4, 2019 “for…

Volkswagen fined Rs 171 cr by NGT panel

Wednesday, 16 January 2019 10:13
A four-member committee formed by the National Green Tribunal (NGT) on Tuesday penalised German auto giant Volkswagen Rs 171.34 crore for causing air pollution in Delhi due to excess nitrogen oxide emissions. Volkswagen is accused of installing a cheat or…

Flipkart’s co-founder Sachin Bansal invests Rs 150 crore in Ola

Tuesday, 15 January 2019 09:44
Co-founder of leading e-tailer Flipkart, Sachin Bansal, invested Rs 150-crore ($21 million) in ride-sharing major Ola, business signals platform paper.vc said on Monday. Bansal, who co-founded Flipkart along with Binny Bansal in 2007, bought a total of 70,588 preference shares…

Domestic passenger vehicle sales down 0.43% in December

Monday, 14 January 2019 20:06
Sale of passenger vehicles in the domestic market declined by 0.43 per cent on a year-on-year basis in December to 238,692 units, according to data released on Monday by the Society of Indian Automobile Manufacturers (SIAM). Domestic sales of passenger…

Bangladesh, ADB sign deal for rural road network

Monday, 14 January 2019 10:53
The Asian Development Bank (ADB) and the Bangladeshi government Sunday signed an agreement for $200 million in loans to improve the rural road network in Bangladesh. Monowar Ahmed, secretary of Bangladeshi Economic Relations Division (ERD), and Manmohan Parkash, country director…

90% risk safety by not using rear seat belts: Report

Saturday, 12 January 2019 11:33
About 90 per cent of people in the country risk their safety by not using rear seat belts despite over 70 per cent affirming to its presence in their cars, a report by Nissan Motor India and SaveLIFE Foundation said…

Elon Musk showcases SpaceX’s Starship test rocket

Friday, 11 January 2019 09:54
SpaceX CEO Elon Musk has for the first time offered a glimpse of the company’s Starship test flight rocket, dubbed the “Hopper”. “Starship test flight rocket just finished assembly at the @SpaceX Texas launch site. This is an actual picture,…