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  • Companies

    SBI wants to be lead-bank for Ladakh; opens 14th branch

    Diskit: The country's largest lender State Bank of India (SBI) has expressed desire to be become the lead-bank for the newly carved-out Union Territory of Ladakh. SBI Chairman Rajnish Kumar on Saturday inaugurated a new branch in this remote town of Diskit in the Nubra Valley, making it the 14th facility of the bank in the Ladakh region and 22,024th branch for the bank. Every state or...

    • 20 hrs ago
  • Companies

    Vistara to start daily flight on Delhi-Indore route from October 26

    New Delhi: Vistara airline on Saturday announced it will start a daily flight on Delhi-Indore route from October 26 this year. With this, Indore becomes 30th destination on its network. According to Vistara, the flight will depart from Delhi airport at 6.55 am daily and arrive at Indore airport at 8.20 am. The return flight will leave Indore at 8.55 am and arrive at Delhi...

    • 20 hrs ago
  • Companies

    Disney CEO Bob Iger resigns from Apple board as TV battle looms

    Apple Inc said on Friday that Walt Disney Co Chief Executive Officer Bob Iger had resigned from the company's board of directors on Sept. 10 as the two companies prepare to compete head-to-head in the streaming television business. Iger departed Apple's board the same day the company revealed new details about Apple TV+, a USD 4.99-per-month service that will launch on November 1....

    • 23 hrs ago
  • Companies

    CAIT seeks ban on Amazon, Flipkart's festive season sale

    Mumbai: A leading Indian trader body asked the government on Friday to ban upcoming festive sales on Amazon's local unit and its rival Flipkart, saying their deep discounts violate the country's foreign investment rules for online retail. The two e-commerce firms typically hold annual festive season sales ahead of key Hindu festivals Dussehra and Diwali, which are due this year in...

    • 24 hrs ago
  • Companies

    NCLT okays merger of Monsanto India with Bayer CropScience

    New Delhi: The National Company Law Tribunal (NCLT) on Friday approved the merger of biotech company Monsanto India Ltd with Bayer CropScience. In June 2018, German chemical and pharma major Bayer AG had announced completion of the USD 63 billion mega-deal to acquire US-based biotech major Monsanto to create the world's biggest agro-chemical and seed company. Bayer had in May received...

    • yesterday
  • Companies

    India pulls down Antwerp's diamond trade by more than 30 per cent

    Chennai: Sluggish off-take of rough diamonds and export of cut and polished diamonds by Indian gems and jewllery sector has badly affected the trade in the global diamond trading hub, Antwerp. The Belgium city saw imports and exports declining by more than 30 per cent. India is the major participant of the diamond trade happening out of Antwerp and the vagaries in the Indian gems...

    • yesterday
  • Companies

    Government drawing up red lines for RCEP pact

    New Delhi: India is drawing up a list of 'must haves' to enable it to forge ahead with a pan-Asian free trade agreement, as pressure mounts on the country to conclude discussions to finalise the pact before the end of the year, a senior government official said. Trade ministry officials in New Delhi met late into the night on Thursday to discuss India's demands and the concessions it's prepared to...

    • yesterday
  • Companies

    Rana Kapoor firms seek probe against short-sellers

    Mumbai: Rana Kapoor-owned YES Capital and Morgan Credits have written to the surveillance departments of BSE and NSE, alleging that short sellers are hammering the Yes Bank stock by spreading negative messages about the bank. "We continue to witness unabated speculation in Yes Bank stock, particularly by short sellers who appear to be speculating on the back of unpublished information led...

    • yesterday
  • Companies

    Government may sell stake in BPCL to a global major

    New Delhi: India is considering a plan to sell the nation's second-largest state refiner and fuel retailer to a global oil company as it explores options to give up its controlling stake in Bharat Petroleum Corp. Ltd., people with knowledge of the matter said. The government is keen to lure multinational companies in the domestic fuel retailing to boost competition and shake up a sector that's...

    • yesterday
  • Companies

    Deleveraging assets to ensure liquidity position of company: CCD

    New Delhi: Coffee Day Enterprises Ltd (CDEL), whose long-term rating has been recently downgraded to 'D' by credit rating agency ICRA, is "deleveraging its assets" for debt reduction and to ensure liquidity position for the company. Earlier, this week, ICRA had downgraded CDEL long-term rating 'D' with negative outlook from 'BB+' (Negative) based on Rs 315 crore term...

    • 2 days ago

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