RIL says Brookfield Infrastructure’s Rs 25,215 investment in Tower Infrastructure Trust has been completed

This is the single largest foreign investment in an Indian infrastructure vehicle

Bharat Forge moving towards ‘lights-out mode’ for unhindered production

Pune-based firm experiments with ‘lights-0ut manufacturing’ for unhindered production during COVID-19. In this process, facilities are fully automated and human hands do not touch the product during manufacturing. CMD says COVID-19 will see more firms following suit.

Failure to cut GST now will be counter-productive for the two-wheeler industry: Honda

The industry was hoping the GST Council’s August 27 meeting would announce a cut after Finance Minister Nirmala Sitharaman’s statement on August 25 that such a move was merited. However, the Council did not lower the rate and two-wheeler makers now fear buyers may postpone purchases till a GST cut is announced

Thomson forays into fully-automatic washing machine segment in India

The company, which has reached exclusive partnership agreement with leading e-commerce major Flipkart, is aiming to have 15 per cent market share in online washing machine segment in the next three years, Thomson#39;s India brand licensee Super Plastronics said in a statement.

Bharti Infratel to proceed with Indus Tower merger, Vodafone to get Rs 4,000 crore for 11.15% holding

This is a basis cash consideration chosen by Vodafone Idea for its 11.15 percent shareholding in Indus, the company said

AGR Case LIVE Updates | Supreme Court verdict on telcos pleas expected at 11.30 am

AGR Case Live Updates | A Supreme Court bench led by Justice Arun Mishra will deliver the judgement on the repayment of adjusted gross revenue (AGR) dues by telecom companies.

EU lending institution to invest 650 million euros in Kanpur metro rail construction

The EIB, in a statement, said the new metro rail system will reduce commuting hours and unlock new employment and education opportunities in Kanpur, the industrial capital of Uttar Pradesh.

Maruti Arena sales network completes three years with 745 outlets

"Maruti Suzuki ARENA was launched after listening to and meeting the expectations of a modern, dynamic and young audience," MSI Executive Director (Marketing Sales) Shashank Srivastava said in a statement.

Staying afloat: A pandemic financial guide for Millennials

Here are some tips to help you manage your finances

Mumbai International airport under his belt, Gautam Adani set to duel with GMR for top operator slot

With the latest deal, Adani is closing in on GMR and for now, the entrepreneur from Ahmedabad is the favorite to win the race.

Huawei quits oldest sports sponsorship deal after 9 years

Australia has barred the world#39;s largest maker of switching gear and a major smartphone brand from involvement in crucial national communication infrastructure in recent years, while China has ratcheted up pressure for an Australian policy reversal.

Nestle to buy Aimmune Therapeutics, valuing allergy treatment maker at $2.6 billion

The offer values the California-based biopharmaceutical company at $2.6 billion, including the $473 million that Nestle had already invested in Aimmune, Nestle said in a statement.

Honda continues search for a bike to challenge Royal Enfield domination

The Japanese company does not have a single product in its global portfolio that can match Royal Enfield#39;s niche range. Honda is looking to change that now as it seeks to revitalise its motorcycle business

Centre keen to fill key posts in RBI, SBI and TRAI amid economic crisis

having these top positions filled would ensure that benefits of financial regulation and the bankruptcy framework is passed to borrowers,

Cyient to acquire Australian consulting firm IG Partners

The rationale for the acquisition is gaining access to decision makers with global mining majors, acceleration in Cyient#39;s mining strategy and positioning Cyient as a digital transformation leader in the market, a company statement said.

Bikayi has raised $2 million from a clutch of international investors

The startup helps small merchants set up stores online and provides tools for ecommerce on WhatsApp

EXCLUSIVE: IRDAI to permit video-based KYC system for insurance companies

Industry insiders believe a fully digitised insurance selling process will increase direct sales of insurance products. Both life and general insurance companies can implement system. Average cost of KYC process to come down significantly.

Sovereign gold bonds open for subscription today; all you need to know

On a year-to-date basis, the prices of the yellow metal have surged over 27 percent.

Upgrad expects over 8-fold growth in revenue to Rs 10,000 crore by 2025

The company expects to grow by 300 percent in the current fiscal driven by demand created for online education due to the COVID-19 pandemic, Upgrad co-founder and chairman Ronnie Screwvala told PTI.

AC Muthiah a #39;wilful defaulter#39; says IDBI Bank

In a public note, the bank said First Leasing Company of India, promoted by the Muthiah and Farouk Irani, is in default of over Rs 508 crore as on August 27.

Govt plans national toy fair, toy labs to promote domestic manufacturing: Report

In his latest #39;Mann Ki Baat#39; radio address, Prime Minister Narendra Modi said India has the "talent and ability" to become a toy-manufacturing hub.

India GDP Data LIVE Updates | GDP Q1 data expected at 5.30 pm today

India GDP Data Live Updates: Q1 GDP figures would put in perspective what impact the set of measures announced by the government to rebuild the economy in light of the economic slowdown and COVID-19 pandemic

Govt plans national toy fair, toy labs to promote domestic manufacturing: Report

In his latest #39;Mann Ki Baat#39; radio address, Prime Minister Narendra Modi said India has the "talent and ability" to become a toy-manufacturing hub.

India GDP Data LIVE Updates | GDP Q1 data expected today

India GDP Data Live Updates: Q1 GDP figures would put in perspective what impact the set of measures announced by the government to rebuild the economy in light of the economic slowdown and COVID-19 pandemic

MC Insider: The infra baron who wants it all, IPO whispers, deal alert, stock manoeuvres and more

Hush-hush tales from the world of stock markets, banking, corporate world and corridors of power

Pharma sector needs global collaboration: Industry leaders, govt officials

Ahead of the 14th edition of the annual BioPharma and Healthcare Summit, that bring stakeholders from India and the United States on one platform, officials and industry leaders said the global health crisis requires a global solution, which can be achieved through global collaboration.

Finished steel exports jump over two-fold in April-July, imports shrink 42%: JPC

During April-June, the country#39;s total exports of finished steel stood at 4.641 million tonnes (MT) as against 1.933 MT in the year ago period, the Joint Plant Committee (JPC) said.

Refund charges collected since January 1 on UPI, RuPay transactions: Tax department to banks

The Central Board of Direct Taxes (CBDT), in a circular on #39;imposition of charge on the prescribed electronic modes under section 269SU of I-T Act#39;, also advised banks not to impose any charges on any future transactions carried out through these modes.

Big Oil is in trouble. Its plan: flood Africa with plastic

Faced with plunging profits and a climate crisis that threatens fossil fuels, the industry is demanding a trade deal that weakens Kenya’s rules on plastics and on imports of American trash.

SBM Bank India wants to be an Amazon of banking

The state-owned Mauritian lender got the licence to operate full-banking services from the Reserve Bank in December 2018 and began operations the next year. Singaporean DBS Bank is the only other foreign bank to operate a fully-owned subsidiary here after operating on a branch model for long, while lenders from Oman and Korea are awaiting licences from the regulator.

Fiscal deficit to touch 7% in FY21, says Brickwork Ratings as tax collection hit by lockdown

On the other hand, there is a sharp increase in expenditure (by 13.1 percent) due to additional spending incurred to save lives and livelihoods and to provide stimulus under the #39;Aatmanirbhar Bharat#39; programme.

COVID-19 impact: Uniform, stationery stores struggle to survive as schools remain shut

As uniform and stationery stores hope for schools to restart soon to boost their sales, most are looking to diversify or operate in online mode to survive

World’s most expensive sheep Double Diamond sells for Rs 3.5 crore

The six-month-old lamb named Double Diamond is native to Texel in the Netherlands. This breed is known for its lean meat and good quality of wool that is used to make hosiery yarns

FPIs invest Rs 47,334 crore in Indian capital markets in August so far

FPIs have turned their focus towards emerging markets like India also because these markets have been performing well and offer a good potential to generate better returns.

Here are Warren Buffett#39;s top stocks and deals

Having bought his first stock in 1941 at the age of 11, Warren Buffett has grown his portfolio massively since then

EY partner and former ICICI Securities senior executive Charanjit Attra likely to join SBI as new CFO

Former deputy managing director and CFO Prashant Kumar had earlier moved to YES Bank as part of the Reserve Bank of India’s rescue plan led by SBI

Tech, Tesla stocks help women fund managers outperform male counterparts in 2020: Report

The woman-managed funds benefitted from their liking towards tech shares which are on an upswing since the outbreak of COVID-19, with the SP 500 IT index gaining 58 percent so far in 2020

GST council needs to work out mid-way solution for settling revenue shortfall issue: Sushil Modi

The Centre has given two options to the states to borrow either from a special window facilitated by the RBI or from market and has also proposed extending the compensation cess levied on luxury, demerit and sin goods beyond 2022.

Continuing with certain provisions of MMDR Act to cause loss to state exchequer: Govt

The ministry said it proposes to amend provisions related to grant of prospecting licence and mining leases, and allocate such mineral blocks through transparent method of auction.

CBDT asks banks to refund charges collected after Jan 1 on e-transactions

The move comes after the CBDT received several representations that said banks are charging an additional fee on transactions made through UPI

India to start bidding process by October to procure 6 submarines costing Rs 55,000 crore

The defence ministry has already shortlisted two Indian shipyards and five foreign defence majors for the project, being billed as one of biggest "Make in India" ventures.

India#39;s market size: A tool to be used to advantage

India#39;s large domestic market presents a unique advantage to the country in the post-COVID-19 world where multilateralism has taken a backseat, and beneficial bilateral ties are the order of the day

COVID-19 Impact | Companies rethink leave policy as employees take fewer leaves during work-from-home

Provision of fixed leave quantum is mandated — per state government requirements — under the Shops and Establishment Act, 1961; while leave encashment is not

Why #39;agile#39; does not mean laying people off, and other myths

Bain Company’s Darrell Rigby and Sarah Elk discuss their book #39;Doing Agile Right#39;, and highlight common mistakes companies make when trying to understand the concept of being #39;agile#39;—and why that#39;s harmful

Meet the #39;Gabbar#39; of premium cookies

How Britannia#39;s Good Day has continued its thumping domination in the premium cookies segment over the past decade

Unlock 4 guidelines | States cannot impose lockdown outside Containment Zones: MHA

As per the latest guidelines issued by the Ministry of Home Affairs under Unlock 4.0, to impose lockdown in areas outside of containment zones, the competent government authorities will have to consult the central government in advance

Reliance Retail adds Future Group’s retail business to shopping cart for Rs 24,713 crore

Mukesh Ambani company emerges as white knight and averts collapse of vast retail group built by Kishore Biyani over three decades.

Ample monsoon rains push India#39;s summer crop plantings to record

Between Friday and June 1, farmers planted a greater acreage of every single summer crop than last year, the data showed.

GSTN starts providing auto-drafted ITC statement to taxpayers

GSTN handles the IT backbone of Goods and Services Tax (GST).

Remove dedicated freight corridor bottlenecks, PM closely monitoring progress: Railway Minister to states

Following concerns raised by the PMO, Goyal in letters to the chief ministers of Gujarat, Uttar Pradesh, Bihar, Punjab, West Bengal, Haryana, Rajasthan, Maharashtra and Jharkhand has highlighted how the dedicated freight corridor has been facing "long-pending issues" which have remained "unresolved".