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Lenders to Future Group a worried lot
NEW DELHI: Lenders of cash-strapped Future Retail are the most worried lot with the Supreme Court’s ruling favouring Amazon in its long-running dispute with Kishore Biyani-led group on its merger deal with Reliance Limited.
As it is,…
Government took seven years to scrap retro tax because of ongoing court cases, says FM
NEW DELHI: Finance minister Nirmala Sitharaman on Friday said that the government has to wait for seven years to scrap the retro tax as many cases were sub-judice at various platforms, the government could not make legislative changes and…
City Union Bank posts 12 per cent profit in Q1
NEW DELHI: Tamil Nadu-based City Union Bank (CUB) posted a net profit of Rs 173 crore in the April-June quarter of 2020-21, a 12% increase over Rs 154 crore in the same quarter last year. The bank, however, reported a decline in the total…
RBI’s calibrated liquidity normalisation
NEW DELHI: August’s policy meeting has tried to walk a tightrope in attempting to differentiate its liquidity manoeuvres from the accommodative policy rate stance, but economists say that the current stance may not prevail for too long. In…
India to partner G-20 countries on digitization for strong Economic Recovery
New Delhi, Aug 7 (UNI) India is looking forward to work with partner countries on shared priorities and collective efforts of the G-20 in building a resilient education system and leveraging digitisation for an inclusive economic…
What’s Causing That Smell in My Car?
If your vehicle is giving off an unusual or sickening odor instead of that instantly identifiable new-car smell, follow your nose and find the source of the aroma. Bad smells can lead to expensive repairs or health hazards and shouldn’t be…
Rita Hemrajani set to be next Managing Director of NHDC
New Delhi: Rita Hemrajani is set to be the next Managing Director (MD) of the National Handloom Development Corporation (NHDC), a PSU under the Ministry of Textile. She has been recommended for the post by the panel of Public Enterprises…
BPCL appoints V Ramakrishna Gupta as its Chief Financial Officer (CFO)
New Delhi: Bharat Petroleum Corporation Limited (BPCL) has appointed V Ramkrishana Gupta as Chief Financial Officer (CFO) of the company with effect from August 1. He has been appointed to the post in place of BPCL's former Director…
Satish Kumar Vaduguri set to be next Director (Marketing) of Indian Oil
New Delhi: Satish Kumar Vaduguri is set to be the next Director (Marketing) of Indian Oil Corporation Limited (IOCL), a Maharatna PSU under the Ministry of Petroleum & Natural Gas. He has been recommended for the post by a panel of the…
Indian Navy’s V Raja Sekhara Rao set to be CMD of NSC Ltd
New Delhi: V Raja Sekhara Rao is set to be the next Chairman & Managing Director (CMD) of National Seeds Corporation (NSC) Limited, a Miniratna PSU under the Ministry of Agriculture and Farmers Welfare. He has been recommended for the…
Gold tumbles Rs 283; silver declines by Rs 661
NEW DELHI: Gold in the national capital on Friday dipped by Rs 283 to Rs 46,570 per 10 gram amid weak international trends, according to HDFC Securities.
The precious metal had in the previous trade closed at Rs 46,853 per 10 gram.…
Digital currency model likely by the end of year: RBI
MUMBAI: The Reserve Bank expects to come out with a model for operations of fiat digital currencies by the end of the year, Deputy Governor T Rabi Sankar said on Friday.
He reiterated that the RBI is internally evaluating the possibility…
Focus on multimodal logistics key to drive growth: Experts
In a conversation with Prabhu Chawla, Editorial Director, The New Indian Express, author and senior journalist Kaveree Bamzai on TNIE’s Expressions — a series of webcast — sector experts such as Randhir Singh Kalsi, Executive Board Member,…
Huawei revenue sinks as smartphones hurt by US sanctions
BEIJING: Chinese tech giant Huawei's revenue fell 29.4 per cent from a year earlier in the first half of 2021 as smartphones sales tumbled under U.S. sanctions imposed in a fight with Beijing over technology and security.
Revenue…
RBI absorbs inflation heat to support growth
NEW DELHI: If one thing is clear from the August policy review, it is that the Reserve Bank of India (RBI) is now looking to move past its peak dovish stance. On Friday, the six-member Monetary Policy Committee (MPC) of the central bank…
Does an AWD/4WD Vehicle Require Additional Scheduled Maintenance?
Does an all-wheel- or four-wheel-drive vehicle require additional scheduled maintenance? That’s a question many consumers consider when car shopping.
The chances are it does, compared with front- or rear-wheel-drive vehicles. The…
Zomato announces wholly owned subsidiary to handle Payments
New Delhi: Food app Zomato has announce launching a wholly owned subsidiary called Zomato Payments Private Limited.
In a notification to the exchange houses on Wednesday, Zomato revealed that the new subsidiary would cater to payment and…
Still holding stocks of Vodafone Idea? Here are some suggestions
Shareholders of Vodafone Idea seem to be a worried lot these days. Crores of shares have exchanged hands in the last few sessions prompting worries.
The company has been trending in social media for all the wrong reasons ever since…
Ahead of IPO, Ola announces Smart bikes, may also announce new line of business
Bhavish Aggarwal headed Ola Electric which has been making news thanks to its smart bikes and a Rs 3,000 crore IPO is likely to announce a new line of business.
Reports have emerged about Ola's probable entry into the second…
Should I Change the Thermostat?
What Does a Thermostat Do?
Your car’s thermostat is a vital component that is actually pretty simple. It’s a valve located in your car’s cooling system. Its job is to regulate the amount of coolant that is recirculated back into the engine…
