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Jet Airways says cooperating with forensic audit

Tuesday, 18 December 2018 08:24
Financially strained Jet Airways on Monday said a Forensic Audit is being conducted by state-owned lender State Bank of India on specific transactions of the company and it is cooperating with the same. The statement comes after the state owned-lender…

Nasscom ties up with IIT-Madras for skill development

Sunday, 16 December 2018 09:27
IT industry body Nasscom on Saturday announced a partnership with the Indian Institute of Technology (IIT) Madras for reskilling students and employees in the Information Technology sector and IT-enabled Services (ITeS). The partnership is aimed at building an able workforce…

ED attaches assets of Dabur Director, Emmar MGF MD

Sunday, 16 December 2018 09:07
The Enforcement Directorate (ED) on Saturday said it has seized assets worth Rs 20.87 crore of Dabur India Director Pradip Burman and properties worth Rs 10.28 crore of Emmar MGF Managing Director Shravan Gupta, for holding assets abroad. The Directorate…

‘Yes-man Das’ dangerous as RBI Governor, warns Shiv Sena

Saturday, 15 December 2018 16:33
In a no-holds-barred assault, the Shiv Sena here on Saturday termed the appointment of new Reserve Bank of India (RBI) Governor Shaktikanta Das as “dangerous” with a potential to unleash ‘financial terror’ in the country. “The (BJP) government does not…

India Post launches e-commerce portal

Saturday, 15 December 2018 09:05
Communications Minister Manoj Sinha on Friday launched the e-commerce portal of the Department of Posts providing an online market place to rural artisans and public sector units to sell their products. “The primary objective is to provide a medium to…

Don’t make farm loan waivers part of poll promises: Rajan

Saturday, 15 December 2018 09:03
Eschew loan waivers that divert resources from much needed investment in India, says a report prepared by 13 noted economists, including former RBI Governor Raghuram Rajan, which was released here on Friday. Releasing the report titled “An Economic Strategy for…

Infosys forms JV with Hitachi, Panasonic in Japan

Friday, 14 December 2018 16:53
Global software major Infosys on Friday said it has formed a joint venture (JV) with Hitachi Ltd, Panasonic Corp and Pasona Inc to enhance its presence in Japan. “The company will acquire 81 per cent equity stake in Hitachi’s subsidiary…

Anil Ambani hails Rafale verdict, says establishes falsity of allegations

Friday, 14 December 2018 16:52
Reliance Group Chairman Anil Ambani on Friday welcomed the Supreme Court judgment in the Rafale deal, saying it has conclusively established “complete falsity of the wild, baseless and politically motivated” allegations levelled against Reliance Group and him personally. In a…

Nissan India to raise prices from Jan 1

Friday, 14 December 2018 09:07
Nissan India on Thursday announced a price hike of up to 4 per cent across its models range effective from January 1, 2019. “The revised prices will be applicable across all available models for Nissan and Datsun, effective January 1,…

Yes Bank to submit name for MD & CEO to RBI in January

Friday, 14 December 2018 08:59
Yes Bank on Thursday said the final recommendation for the company’s Managing Director and Chief Executive will be submitted to the Reserve Bank of India (RBI) post its Board meeting on January 9, 2019. “The ‘Search and Selection Committee’ (SSC)…