Tatas pay additional Rs 2,000cr to govt towards AGR dues: Sources

The additional payment of over and above Rs 2,197 crore it has already submitted to the government, is aimed at covering any reconciliation differences, the source added.

GE Steam Power bags $32 mn order from CPRI

Two sets of 2,500 MVA short circuit generators will be tested and the scope of the project includes supply, installation and commissioning of these generators.

Coronavirus scare: Education institutes nudge students to go for tests

Students with symptoms of fever, cold/cough and sudden respiratory problems have been told to contact government hospitals for tests.

IndiGo, GoAir to replace 180 PW engines by May-end: DGCA

IndiGo and GoAir have 106 and 43 such A320neo aircraft - fitted with PW engines - in their fleet, respectively. Post the induction of the aircraft into service, there have been a number of incidents of snag in their PW engines.

SAIL supplies special grade steel for Gaganyaan: Bhilai plant CEO

Steel Authority of India Ltd (SAIL) has contributed to the Gaganyaan space mission and has successfully produced plates to be used in the satellite launch vehicle (SLV) that would launch the mission, SAIL#39;s Bhilai Steel Plant (SAIL-BSP) CEO Anirban Dasgupta told PTI.

Yes Bank#39;s hunt for a foreign investor hits regulatory hurdle: Report

Some domestic companies are also interested in investing in Yes Bank but are being watchful, a source said

Coronavirus outbreak | Global insurers to be hit by claims, financial market volatilities: Moody’s

Moody#39;s sees an increasing likelihood of a global recession as long as the virus remains uncontained

BMC invests only Rs 1cr in Axis Bank from Rs 6,300cr savings

Former Maharashtra chief minister Devendra Fadnavis#39; wife Amruta Fadnavis holds a senior position at the Axis Bank.

Bank of Maharashtra to raise up to Rs 600cr via bonds

"The bank is proposing to raise capital by issue of Basel III-compliant unsecured, redeemable non-convertible tier II bonds of base issue of Rs 200 crore with green shoe option of Rs 400 crore aggregating to Rs 600 crore on private placement basis," the lender said in a regulatory filing.

Maruti Suzuki developing two new models, to cost under Rs 5 lakh: Report

Maruti Suzuki India is working on a 800cc model and another that will be powered by a 1 litre engine.

SoftBank CEO tells US investors he#39;ll be more careful

SoftBank CEO Masayoshi Son said "I promise you, I#39;ll start to be more careful and listen. My view doesn#39;t change, but my behaviour becomes a little more careful."

VE Commercial Vehicles unveils BS-VI range, deliveries begin March

Eicher Motors have been manufacturing Euro 6 engines since 2013 for Volvo in Europe

LT bags significant orders in India, overseas

In Bangladesh, the business has won a turnkey order for design, supply, installation and commissioning of power transmission infrastructure for the 800 MW Rupsha power plant, it said in a statement.

Explained | What#39;s special about Vistara#39;s new Boeing 787-9 Dreamliner

The Boeing 787-9 Dreamliner is a long haul, wide-body aircraft that was first showcased to the aviation world in 2013

Comviva sells stake in TerraPay to Prime Ventures, Partech Partners and IFC

Prime Ventures and Partech Partners are co-investing in TerraPay, along with International Finance Corporation, a member of the World Bank Group, a firm said.

Infosys joins hands with IBM to launch industry-specific cloud services for businesses

Infosys will offer clients across sectors, including regulated industries such as financial services, insurance and healthcare, access to a portfolio of open source offerings on IBM#39;s public cloud platform

Centre studying Rs 42,000cr package to boost Make in India mobiles, components: Report

The aim is to make India an electronics manufacturing hub, bring it on par with competing nations and cut the import bill on such items

India retail banking a #39;nice oasis#39; for foreign lenders Deutsche, HSBC, peers

Easing regulations and a surge in online banking are driving the change, with several overseas lenders increasing investment plans for the country to win affluent clients away from domestic rivals, senior bankers told Reuters.

Infosys to accelerate digital transformation journey on IBM public cloud

As part of this alliance, Infosys will offer its clients access to Red Hat’s portfolio of open source offerings on the IBM public cloud

IGL to set up gas meter manufacturing unit to cut reliance on imports

IGL will invest about Rs 100 crore for setting up a unit in the national capital region to manufacture 1 million meters annually, its Managing Director E S Ranganathan said here.

Sun Pharma flags hypertension drug shortage due to supply constraint

The company said it does not source the active pharmaceutical ingredients (API) of the drug from China, adding that supply of some other APIs was impacted by the coronavirus.

Toyota Kirloskar Motor sales decline 9% in February

"We have smoothly transitioned to BS-VI manufacturing and started delivering BS-VI vehicles to our customers before the stipulated deadline of April 2020. A total of 31,853 BS-VI vehicles have been dispatched to our dealerships till date," TKM Senior Vice President (Sales and Service) Naveen Soni said.

Piramal Enterprises receives $900 mn on closing sale of DRG business

The company in January this year announced an agreement for sale of its Decision Resources Group (DRG) business to Clarivate Analytics for USD 950 million, and had said it would use the money to reduce debt and to explore organic and inorganic growth opportunities.

Royal DSM plans to launch #39;Nu-Shakti#39; home fortifier in north India

Currently, Nu-Shakti products -- fortified rice and wheat flour kernels, fortified orange-flavoured beverage mix; and vitamins and mineral mix -- are being sold in Tamil Nadu alone.

Royal Enfield sales up 1% in February

The company had sold 62,630 units in February last year, Royal Enfield said in a statement.

Mindtree appoints Dayapatra Nevatia as Chief Operating Officer

In this new role, Nevatia will support the company into its next phase of growth.

IOC-Phinergy to begin metal-air battery field trials; in talks with auto cos

Indian Oil chairman Sanjiv Singh has also said they will soon form a joint venture with Phinergy to set up an unit to manufacture metal-air batteries called al-air battery system, which does not use electricity to recharge.

Granthika: Sacred Games author Vikram Chandra begins startup journey with app for writers

Founded in 2016 in California, the official version of Granthika was released in November last year. The app, which combines writing tools from word processing to editor to timeline-maker to database, is available on MacOS, Windows and Linux.

Car stock with dealers running low as companies switch to BS 6

Dealers have been liquidating BS-IV stocks to avoid getting stuck with them post the deadline of March 31

Ashok Leyland February sales down 37% at 11,475 units

Domestic sales declined 39 percent to 10,612 units last month as compared to 17,352 units in February 2019, Ashok Leyland said in a statement.

Car stock with dealers run low as companies switch to BS 6

Dealers have been liquidating BS-IV stocks to avoid getting stuck with them post the deadline of March 31

TVS Motor sales down 15% in February at 2,53,261 units

"As planned, the company is on track to reducing dealer level BS-IV stock in the domestic market and is confident of retailing it this month," it said.

Coronavirus impact: Pay-cuts, leave without pay, lower budgets -- airlines go all out to limit damage

While Singapore Airlines CEO has taken a pay cut, others have asked staff to go on leave

Explained: Post-Brexit, here#39;s how getting a UK work visa will change

Migrants will have to score a minimum of 70 points to be eligible to apply for a United Kingdom work visa.

NBCC bags order worth Rs 65cr from BHEL

In a filing to BSE, NBCC said it will execute this project on engineering, procurement and construction mode.

Why investors should not ignore an expensive stock like AU Small Finance Bank

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Govt may use USOF to help telecom companies: Report

Telecom companies have been given a deadline of March 17 to clear AGR-related dues worth a combined Rs 1.47 lakh crore.

Why is bank credit growth plummeting?

But these measures are unlikely to help in a big way to revive bank loan demand, the problem is the demand slump and lack of economic activities on the ground, not the high cost of money

Bajaj Auto Feb sales dips 10% to 3.54 lakh units

On the exports front 2-wheeler sales jumped 15 percent at 1,63,346 units versus 1,41,462 units in a year ago period.

Wealthy Indians taking Grenada route for US citizenship: Report

There has been a drop in interest towards US#39; EB-5 programme after the investment guidelines under it were changed in late 2019.

Honda Cars reports 46% decline in domestic sales in February

"Our despatches were limited and in line with our plan of total supply availability for the month," HCIL Senior Vice-President and Director (Marketing and Sales) Rajesh Goel said.

Coronavirus will have short-term impact, airlines need to be flexible: Vistara CEO

On February 26, Vistara announced 20 flights between Delhi and Bangkok, 26 between Mumbai and Singapore and eight between Delhi and Singapore were cancelled for March in response to weak demand due to the virus outbreak.

ADB to provide $4 million to member countries to contain coronavirus outbreak

The Manila-headquartered multilateral funding agency had earlier in February announced USD 2 million for fighting the disease and approved another USD 2 million in late February.

Hyundai sales dip 10% in February to 48,910 units

The company#39;s exports declined 22 percent to 8,900 units as compared with 11,408 units a year ago.

Government to infuse Rs 200 crore in IFCI next fiscal

Government of India#39;s holding in the non-banking finance company, which stood at 56.42 percent at the end of December 2019, would increase after the capital infusion.

Ten most valued companies lose Rs 3.35 lakh crore in m-cap as markets plummet

On February 28, the Sensex logged its second-biggest one-day fall in history as concerns over the rapidly-spreading novel coronavirus triggered a manic global sell-off.

Microsoft Ventures, Honeywell in talks to invest $40 million in software startup FarEye

FarEye’s clients include logistics firms Blue Dart and First Flight, as well as companies from other sectors such as Tata Steel Ltd. and Landmark Group.

Will India use coronavirus as an opportunity to end dependence on Chinese drug raw materials?

Indian pharma companies import raw materials like key starting materials, intermediates and bulk drugs worth $4.5 billion

Religare Enterprises acquires 14.36% stake in RFL from PE investors

Post the acquisition, RFL has become a wholly-owned subsidiary of the company from February 28, it said in a BSE filing.

Coal India February production likely to be 66 million tonnes

The world#39;s largest miner had produced 58.05 million tonnes in the corresponding month a year ago.