Two-wheeler maker India Yamaha Motorsaid it has tied up with Amazon India to sell its range of apparels and accessories online. This is for the first time in India that the company would sell its apparels and accessories online, India Yamaha Motor said in a statement. With this move Yamaha … Read more
Category: Business and Finance
Samsung reports record sales amid questions about future
The flood of obituaries for Samsung Electronics Chairman Lee Kun-Hee since his death over the weekend have mostly shared his most defining quote: Change everything except for your wife and children. Lee’s rant against what he saw as complacency during a senior management meeting in 1993 reflects the demanding leadership … Read more
Vistara to start flights to Bangladesh from Nov 5 under air bubble pact
Mumbai : Tata-SIA joint venture airline Vistara on Tuesday said it will launch flight services to Bangladesh from India, starting November 5, under the recently signed air bubble agreement between the two countries. Vistara’s announcement comes a day after budget carrier SpiceJet said it will operate flights to Dhaka and … Read more
Kotak Mahindra Bank shares continue to gain; zoom nearly 10 pc
New Delhi: Shares of Kotak Mahindra Bank further gained nearly 10 per cent in early trade on Tuesday after the company reported a 22 per cent growth in consolidated net profit for the July-September quarter. Despite a marginal dip in loan book, reliance on credit substitutes in a market impacted … Read more
‘India economy on verge of slow recovery as worst is over’
New Delhi: Industry body PHDCCI expects India’s GDP to contract by 7.9 per cent in the current financial year and grow by 7.7 per cent in 2021-22, assessing that the worst is over and the economy is on the verge of a slow recovery. The chamber, however, stated that unemployment … Read more
Tata Motors crosses 40 lakh cumulative production milestone
New Delhi, Oct 24 (PTI) Auto major Tata Motors on Saturday said its passenger vehicle vertical has crossed 40 lakh cumulative production milestone, nearly three decades after it rolled out its first model in the segment — Tata Sierra SUV in 1991. The company, which over the years has produced … Read more
ICICI Bank shuts down operations in Sri Lanka
New Delhi, (PTI) ICICI Bank said it has shut down operations in Sri Lanka after getting approval from the Sri Lankan monetary authority. The Monetary Board of the Central Bank of Sri Lanka, having considered the request made by ICICI Bank, has granted approval to close down business operation of … Read more
Rupee settles 4 paise higher at 73.54 against US dollar
The rupee appreciated by 4 paise to close at 73.54 against the US dollar, as sustained foreign fund inflows strengthened investor sentiment.However, a strong dollar against major currencies overseas restricted the rupee’s gain, forex dealers said. At the interbank forex market, the rupee opened lower at 73.77, but pared all … Read more
Facebook, Twitter CEOs ordered to testify by GOP senators
The GOP push against Facebook and Twitter accelerated Thursday after Republican senators threatened the CEOs of the social media companies with subpoenas to force them to address accusations of censorship in the closing weeks of the presidential campaign. With Democrats boycotting the hearing, the Republican-controlled Senate Judiciary Committee voted to … Read more