Business

Ford stops manufacturing vehicles in India, will rely on imports

New Delhi: US auto major Ford Motor Co will shut its two manufacturing plants in India that are situated in Chennai (Tamil Nadu) and Sanand (Gujarat), as per several news agency reports. This means that the company will stop selling…

Fraudulent trading: Sebi confirms directions against former CNBC Awaaz anchor, his family members

New Delhi: Markets regulator Sebi has confirmed earlier directions passed against former CNBC Awaaz anchor Hemant Ghai, his wife and mother, that barred them from the capital markets for indulging in fraudulent trading practices. In an order passed late on…

With Sri Lanka versus India test series at our shores, Vishal Prajapati kick starts campaign with MPL

Upcoming India versus Sri Lanka series has got fans around the country in the mood. The ongoing India versus England test series and IPL 2020 being hosted in UAE has engaged audiences and given them a chance to return to…

Morgan Stanley maintains India GDP growth estimate of 10.5 pc for FY22

Mumbai (Maharashtra): Morgan Stanley on Wednesday maintained its estimate of India GDP growth at 10.5 per cent for FY2022 versus the general consensus of 9.2 per cent. “We expect economic activity to start normalising from quarter ending September, supported by…

IPL 2022: BCCI expects Rs. 5000 crore windfall as base price for new teams kept at Rs. 2000 crore

New Delhi: The Indian cricket board could soon get richer by at least Rs. 5000 crore with the addition of two new franchises during the 2022 edition of Indian Premier League. The IPL, which is currently an eight-team tournament, will…

Tomato prices crash to Rs 4/kg amid supply glut in most growing states

New Delhi: Tomato prices in wholesale markets in most producing states have crashed to as low as Rs 4 per kg amid supply glut, government data showed. In fact, the wholesale prices of tomato in 23 growing centres out of…

Go Airlines gets Sebi nod for Rs 3,600 crore IPO

New Delhi: Budget carrier Go Airlines, which has rebranded itself as ‘Go First’, has received market regulator Sebi’s go-ahead for an initial public offer worth Rs 3,600 crore. The airline plans to garner up to Rs 3,600 crore through sale…

Anand Mahindra dedicates first SUV for people with disabilities to Avani Lekhara

New Delhi: Mahindra Group Chairman Anand Mahindra on Monday said he would dedicate the first special utility vehicles (SUV) of his company for those with disabilities to Avani Lekhara who clinched gold medal at the ongoing Tokyo Paralympics. “A week…

PhonePe gets IRDAI license to serve as direct insurance broker

Bengaluru: Digital payments platform PhonePe said on Monday it has been issued an insurance broking license from the Insurance Regulatory and Development Authority of India (IRDAI). Last year, PhonePe entered insurtech sector with a limited insurance ‘corporate agent’ license which…

Yahoo shuts down news sites in India

New Delhi:¬†Yahoo has shut down its news websites in India due the new foreign direct investment (FDI) rules that limit foreign ownership of media companies that operate and publish digital content in India. This includes Yahoo News, Yahoo Cricket, Finance,…

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