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Tag: Business news

04 August

(Representative image) NEW DELHI: Equity indices finished higher on Tuesday with the benchmark BSE sensex rising over 700 points led by gains in banking and financial stocks amid positive global cues. The 30-share BSE index jumped 748 points or 2.03 per cent to close at 37,688; while the broader NSE Nifty settled 211 points or […]

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04 August

Sashidhar Jagdishan (File photo) MUMBAI: The Reserve Bank has confirmed the name of Sashidhar Jagdishan to succeed Aditya Puri as the chief executive and managing director of HDFC Bank, two sources said on Tuesday. Jagdishan, currently working as the ‘change agent’ of the largest private sector lender and head of finance, has been with the […]

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04 August

NEW DELHI: Baidu Search and Weibo, among the most influential apps of China and dubbed as the country’s answer to Google search and Twitter respectively, have been blocked in India. Weibo, launched in 2009 by Sina Corporation, has over 500 million registered users globally. It had Prime Minister Narendra Modi as one of its star […]

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04 August

Representational photo. MUMBAI: Tata Motors has set the ball rolling to induct a foreign strategic partner in its India passenger vehicle business by transferring the unit to a wholly owned subsidiary for Rs 9,417 crore. The flagship of the Tata Group is in talks with multiple automakers, including European and East Asian players, to sell […]

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03 August

(Representative image) NEW DELHI: The DGCA has asked SpiceJet to stop selling tickets under a special sale it started Monday morning under which the cash-strapped airline was offering one-way base fares starting at Rs 899 (excluding taxes) on its domestic network. When domestic flights were allowed to resume on May 25, the government had set […]

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02 August

File photo for representation purpose only NEW DELHI: Delhi and Mumbai Customs will begin faceless assessment of certain imported goods beginning Monday, the Central Board of Indirect Taxes and Customs (CBIC) has said. On June 8, 2020, the CBIC had rolled out in Bengaluru and Chennai the first phase of “faceless assessment” scheme for imported […]

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02 August

NEW DELHI: In a major relocation from China as part of global business’ effort for derisking of manufacturing bases by diversifying supply chains, a contract manufacturer for Apple is shifting six production lines looking forward to exporting around $5 billion worth of iPhones from India apart from catering to the domestic market. The establishment of […]

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01 August

(Representative image) NEW DELHI: India’s crude oil imports fell in June to their lowest level since February 2015, while year-on-year refined product exports declined for the first time in almost a year, government data showed on Friday. Crude oil imports last month dropped about 19% from a year earlier to 13.68 million tonnes, down for […]

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01 August

MUMBAI: The basic application fee for an H-1B visa application will rise to $555 from existing $460 – a hike of nearly 21%. The base filing fees for L-1 visas (used for intra company transfers) will rise significantly by 75% to $805. The new filing fees come into effect from October. As visa application fees […]

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01 August

NEW DELHI: It’s 25 years from the day the first mobile call was made in India, and against a per-minute call rate of Rs 24 charged then where both outgoing and incoming customers had to pay, India is now the highest data-consuming country in the world, but with some of the lowest voice and internet […]

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