Business News

Award for industrialist Vikram Kirloskar

Award for industrialist Vikram Kirloskar

Bengaluru, Feb 24 (IANS) The Indian Institute of Metals on Wednesday conferred the IIM-JRD Tata award 2020 on Toyota Kirloskar Motor India's Vice Chairman Vikram Kirloskar in recognition of his service to the country through excellence in corporate leadership in metallurgical industries.In a digital...

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NSE's trading halt raises questions as backup site didn't come to rescue

NSE's trading halt raises questions as backup site didn't come to rescue

Mumbai, Feb 24 (IANS) The four-hour long trading halt on the National Stock Exchange (NSE) has raised several questions among the investors and brokers who may have to face huge losses as a result of the glitch. One major question is why did the disaster recovery site not come to the rescue when it ...

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HMIL upcoming seven-seater SUV named Alcazar

HMIL upcoming seven-seater SUV named Alcazar

New Delhi, Feb 24 (IANS) Automobile major Hyundai Motor India Ltd (HMIL) has named its upcoming seven-seater premium SUV 'Alcazar'."The year 2021 will add a new chapter in HMIL history, as we gear up to enter and redefine a new segment. Hyundai Alcazar will supersede the aspirations of new age buyer...

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SC sets aside NCDRC order of liability on Tata Motors for defective car

SC sets aside NCDRC order of liability on Tata Motors for defective car

New Delhi, Feb 24 (IANS) The Supreme Court has set aside a National Consumer Disputes Redressal Commission (NCDRC) order, which imposed a liability on Tata Motors for sale of a defective two-year-old car by one of its dealers to a customer.A bench comprising Justices U.U. Lalit, Hemant Gupta and S. ...

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Glitch to rich: Markets zoom on banking stocks, proposed US tax

Glitch to rich: Markets zoom on banking stocks, proposed US tax

Mumbai, Feb 24 (IANS) A rally in banking stocks along with expectations of healthy foreign fund inflows accelerated the rise in India's stock market indices on Wednesday, even as a major index remained inoperable due to a technical glitch for the better part of the day's trade.Accordingly, the Centr...

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USFDA approves Granules' drug for migraine

USFDA approves Granules' drug for migraine

Hyderabad, Feb 24 (IANS) Granules India Ltd on Wednesday announced that the US Food & Drug Administration (US FDA) has approved its Abbreviated New Drug Application (ANDA) for acetaminophen, aspirin, and caffeine tablets, indicated for the treatment of migraine.It is bioequivalent to the Reference L...

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Airline industry expected to stay cash negative in 2021: IATA

Airline industry expected to stay cash negative in 2021: IATA

New Delhi, Feb 24 (IANS) Airlines are expected to remain cash negative until 2022, the International Air Transport Association's analysis showed on Wednesday.However, previous analysis in November 2020 indicated that airlines would turn cash positive in the fourth quarter of 2021.Estimates for cash ...

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Industry players welcome budget announced by Raj CM

Industry players welcome budget announced by Raj CM

Jaipur, Feb 24 (IANS) Industry players have welcomed the Budget announced by Chief Minister Ashok Gehlot on Wednesday."The Rajasthan Budget 2021-22 is an exemplary budget in extraordinary times and lays a strong foundation for the sustainable development of the state," said Ashok Kajaria, Chairman, ...

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Flipkart plans to deploy 25K electric vehicles by 2030

Flipkart plans to deploy 25K electric vehicles by 2030

Bengaluru, Feb 24 (IANS) A day after Amazon India said it has deployed nearly 100 Mahindra Treo Zor three-wheelers, e-commerce marketplace Flipkart on Wednesday said it will deploy more than 25,000 electric vehicles in its supply chain by 2030.Flipkart said it has already started piloting and deploy...

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Mangaluru to be next big IT cluster in Karnataka: Minister

Mangaluru to be next big IT cluster in Karnataka: Minister

Mangaluru, Feb 24 (IANS) Mangaluru on the west coast would be the next IT and IT services industry cluster in Karnataka after Bengaluru, said state Deputy Chief Minister C.N. Ashwath Narayan on Wednesday. "We have identified the port city of Mangaluru as the next IT and IT e-service industry cluster...

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