Business

IGIA starts airport expansion to handle 100 mn passengers yearly

New Delhi, The Indira Gandhi International Airport (IGIA) in the national capital has commenced its next phase of infrastructure expansion plan which will enable it to handle 100 million passenger per annum (MPPA) in the next three years. The plan, …

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Grandfathering clause to provide partial relief to FPIs

New Delhi, In a major relief to Foreign Portfolio Investors (FPI) hit by budget proposal to levy higher surcharge on income tax, the government is considering a plan to grandfather all income generated by FPIs. Though a temporary measure, the …

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Bata India looking at opening 500 franchise stores

Kolkata, Footwear major Bata India is planning to open about 500 franchise stores which would come up in small towns over the next five years, a top company official said here on Friday. “We now have 150 franchise stores. We …

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High import duties keeping Tesla off Indian roads: Musk

New Delhi, Breaking silence over his India plans, Tesla CEO Elon Musk has blamed high import duties on electric cars for blocking the entry of Tesla vehicles in the country. India has taken a slew of measures to promote the …

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Debashis Chatterjee named Mindtree CEO & MD

Bengaluru, Bengaluru-based global software major Mindtree said on Friday that former Cognizant honcho Debashis Chatterjee has been appointed as the new Chief Executive Officer (CEO) and Managing Director (MD) of Mindtree by its Mumbai-based parent firm and construction behemoth Larson …

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Sensex falls 356 pts amid US-China trade tension

Mumbai, As the US decided to raise further tariffs on the Chinese goods, global markets took a beating on Friday. The Sensex and Nifty along with other global markets traded with heavy losses after US President Donald Trump said: “The …

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Sensex loses 289 points in heavy selling of bank stocks

Sensex gains nearly 200 points; telecom stocks rise

Mumbai,  Sharp selling of automobile and state-run bank stocks on Tuesday led the Sensex to fall 289 points. India Bank fell over 13 per cent, Bank of India fell nearly 7 per cent while most other constituents of PSU Bank …

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BSNL services remain affected after fire at Salt Lake exchange

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Agartala, The mobile and data services of the state-run telecom company BSNL remained disrupted for the ninth day on Tuesday in 10 states following a fire incident at an exchange in Kolkata’s Salt Lake last week, officials said. The services …

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Shares of Coffee Day Enterprises down 20% as founder goes missing

Mumbai,  The Coffee Day Enterprises hit lower circuit on the BSE during the early trade on Tuesday following reports that V.G. Siddhartha, the company’s founder has gone missing. Siddhartha reportedly went missing late on Monday and is suspected to have …

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Open partners with Visa to enhance business banking for SMEs

Bengaluru, Fintech start-up Open, which offers a business banking service for SMEs and start-ups in partnership with banks, have announced a strategic partnership with Visa – the global leader in payments technology – to enhance their business banking proposition for …

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