Cyrus Mistry says Tata Sons withheld information on collection of deposits: Report

Cyrus Investments alleged that collected deposits as a public company, and did not follow the restrictions imposed on private companies

Cipla gets USFDA nod for rare genetic condition treatment drug

Cipla#39;s Icatibant injectable pre-filled syringe in the strength of 30mg/3mL is generic version of Shire#39;s Firazyr, the company said in a regulatory filing.

Demand hits new peak at Hyundai as company starts third shift

Restarting the shift means company well on way to hitting peak capacity. Demand shoots up its cars substantially in June, led by the all-new Creta SUV

Vodafone-Idea moves telecom tribunal against TRAI#39;s order shunning priority plans that promise faster speeds

Trai questioned the priority being given to high-paying customers in those specific plans. The regulator asked the operators how they are protecting the interest of other general subscribers.

Bharat Bond ETF opens for bidding; analysts say good for long term, portfolio

The fund-raising through the second tranche of Bharat Bond ETF issue will help CPSEs in their capex programmes.

Why investors should shun Yes Bank’s FPO

Though prima facie Yes Bank#39;s FPO price looks enticing, it hides more than it reveals. We do not see Yes Bank embarking on a sustainable profitable journey anytime soon and we doubt if the structural flaws can be reversed in a hurry

Capital Foods to invest Rs 100 crore on brand development in FY21

The company, which also counts on Invus Group as its biggest investor, is very serious about protecting its trademark and reporting infringements on the same, he said.

M3M India raises Rs 570 crore from Oaktree Capital

M3M group owns over 2,000 acres of prime land in Delhi-NCR. It has completed many real estate projects in Delhi-NCR and several are under development.

Brahm Vasudeva: The man who made brand Hawkins synonymous with core focus

Non-executive chairman passed away on July 10 at age 84. He vowed that his company would do only what it is good at and closed doors on diversification. That doesn’t mean he was not bold enough. The birth of the Indian Readership Survey is a classic example.

Google has played a key role in spreading awareness around COVID-19: Sanjay Gupta

From searches on COVID-19 to helping small businesses go online, Google has played a role in almost every facet of life

Zinc futures rise marginally to Rs 173.65 per kg

On the Multi Commodity Exchange, zinc contracts for July delivery traded higher by Rs 1.85, or 1.08 per cent, at Rs 173.65 per kg with a business turnover of 2,537 lots.

Copper futures rise marginally on fresh bets

On the Multi Commodity Exchange, copper contracts for July delivery traded higher by Rs 12.10, or 2.45 per cent, at Rs 506.25 per kg in a business turnover of 6,782 lots.

Nickel futures rise on firm demand

On the Multi Commodity Exchange, nickel contracts for July delivery gained Rs 3.40, or 0.33 per cent, to Rs 1,026.30 per kg in a business turnover of 1,776 lots.

Zomato expects complete recovery in 3-6 months, cuts monthly burn rate by over 90%

In the June quarter, Zomato saw losses of $12 million on a revenue of $41 million

Diageo to launch Johnnie Walker whisky in paper bottles in 2021

Diageo and Pilot Lite have launched a sustainable packaging company called Pulpex Ltd to develop the paper bottle and collaborate on research and development.

Need to look for purpose beyond commerciality in business: Abhishek Ganguly, General Manager, PUMA India and Southeast Asia

PUMA#39;s India business has managed to outshine established brands like Adidas and Nike but the COVID-19 outbreak has come as rude shock. Its India head, however, believes sticking to the ethos of a sportsperson will help the company navigate this tumultuous phase.

Rupee settles flat at 75.19 against US dollar

Forex traders said the rupee traded in a range-bound manner tracking high volatility in domestic equities.

Natural gas futures down 1.16% in afternoon trade

In the futures market, natural gas for July delivery touched an intraday high of Rs 136.70 and an intraday low of Rs 133.10 per mmBtu on the MCX

Google partners with CBSE for digital school modules

A total of 1 million teachers will be offered access to Google’s digital learning modules

Silver September futures hit fresh record high of Rs 52,527 per kg

In the futures market, silver for September delivery touched an intraday high of Rs 52,527 and a low of Rs 51,780 per kg on the MCX.

Oyo occupancy in India still at 30% of pre-COVID levels: Report

Oyo has re-started operations in 20 states and union territories after lockdown restrictions were lifted

Future of hospitality in a world changed by COVID-19

The hospitality sector will need to adapt to new strategies for a strong comeback because the road ahead looks bumpy with restricted demand for all revenue segments.

Only a third of SMBs looking to avail benefits under Centre#39;s Atmanirbhar Bharat initiative: Survey

Only 3 percent businesses found the reduction of EPF contribution for organisations -- from 12 percent to 10 percent -- to be useful.

Amid low demand for flights, govt explores funding for Udan scheme: Report

Currently, only 136 out of 268 Udan routes are operational, due to low demand.

Government finalising special insolvency resolution under IBC for MSMEs

The threshold of default under Section 4 of the IBC has been raised to Rs 1 crore from existing Rs 1 lakh.

Aviation ministry rejects Air India#39;s request for equity support: Report

In the second attempt to privatise Air India, the government has put up its entire 100 percent stake for sale.

Qualcomm-Jio deal: Here are five key things to know

Qualcomm Inc will invest Rs 730 crore in Jio Platforms in exchange for a 0.15 percent stake.

Smartphones sales in July slump 30-40% as import hurdles for China affect unit production

Shipments have been delayed at airports and ports after the Centre imposed 100 percent manual checks on Chinese imports citing security concerns

Coronavirus treatment | Cipla ramps up remdesivir capacity to meet surge in demand

Cipla also launched a dedicated 24x7 helpline and email channel to support patient access to these critical drugs exclusively during this pandemic outbreak.

Yes Bank case: ED may file second prosecution complaint tomorrow

The investigating agency may file the complaint against 13 individuals and entities including DHFL promoters Kapil and Dheeraj Wadhawan.

Coronavirus bringing record $1 trillion of new global corporate debt in 2020: Report

The unprecedented increase will see total global corporate debt jump by 12 percent to around $9.3 trillion.

TRAI asks Airtel, Vodafone Idea to hold priority plans promising faster speeds

A source said the Telecom Regulatory Authority of India (TRAI) has asked the two operators to withhold the specific plan for the interim period.

I-T dept makes new utility for banks, POs to check TDS rate on high-value cash withdrawals

Explaining the details of this facility, the CBDT said that now the bank/post office has to only enter the PAN of the person who is withdrawing cash for ascertaining the applicable rate of TDS.

COVID-19 to hurt life insurance industry#39;s new biz premium in FY21: IDBI Federal

The life insurance industry had a growth in most part of 2019-20 till the COVID-19 pandemic struck in March 2020, it said in its annual report.

Qualcomm-Jio deal: Five key things to know

Qualcomm Inc will invest Rs 730 crore in Jio Platforms in exchange for a 0.15 percent stake.

Finance Ministry writes to states on additional 2% borrowing

Public and private sector banks have together sanctioned loans worth over Rs 1.20 lakh crore, while the disbursal amount stood at Rs 61,987 crore, under the Emergency Credit Line Guarantee Scheme for MSMEs.

RBL Bank gives training, order to make 70k face masks to low-income women entrepreneurs

Among other initiatives being undertaken as part of CSR, the bank provided food relief to 1,500 underprivileged families in Mumbai.

Assocham for #39;One Nation, One Stamp Duty#39; for MA transactions

It pointed out to a situation where an MA transaction is subjected to stamp duty separately in two different states since the deal has an inter-state nature.

Corporate funding in solar sector falls 76% in H1 2020 to USD 462 mn: Report

Corporate funding in India in H1 2020 was USD 462 million, a 76 percent fall compared to USD 1.9 billion during January-June 2019, it said.

JSW Steel cuts capex plans by 45% to Rs 9k crore for FY21

In the company#39;s annual report, JSW Steel CMD Sajjan Jindal said the company has undertaken a detailed exercise to prioritise all planned and discretionary spends.

FICCI survey estimates FY21 GDP growth to be in negative territory

The pandemic outbreak has severely impacted the economic activities as the country had to go through a lockdown to check spread of the virus. However, the restrictions are being gradually eased.

Stressed NBFCs, HFCs seek about Rs 10,000 cr financing support under special liquidity scheme

The first application has been approved and the remaining are also under consideration, it said.

Indian online grocery market can exceed USD 3 bn sales in 2020: Goenka

Spencer#39;s Retail, part of the RP-Sanjiv Goenka (RPSG) Group, had acquired online supermarket and grocery store Nature#39;s Basket in July 2019.

Life insurance sector witnesses 18.6% drop in first-year premium: CARE Ratings

The sector had seen their first-year premium declines of 32.6 percent and 27.9 percent in April 2020 and May 2020, respectively, the report said adding that the June 2020 quarter figures are indicative that the sector is moving towards recovery.

Slideshow | Top 10 companies by market cap last week; RIL biggest gainer

While RIL, TCS, HDFC Bank, Hindustan Unilever Limited, Infosys and HDFC witnessed a jump in their valuation, Bharti Airtel, Kotak Mahindra Bank, ITC and ICICI Bank finished with losses.

FPIs pull out Rs 2,867 cr in July so far

The latest withdrawal has come after investment of Rs 24,053 crore by FPIs in domestic markets in June.

NCLT approves Deccan Value Investors#39; bid for Amtek Auto

The tribunal observed that the resolution plan submitted by DVI fulfils all the requirements of regulations of the corporate insolvency resolution process and has been approved by the Committee of Creditors (CoC).

PNB Housing Finance to seek shareholders#39; nod to raise up to Rs 45,000 cr

The housing finance company may issue the bonds through private placement or by way of public issue.

This week in Auto: Has real demand picked up?

Here is a detailed look at what made headlines in the auto space this week.

Fake SBI branch busted in Tamil Nadu, son of ex-employee among three arrested: Report

It was only after an SBI customer, who had visited the fake bank branch, discussed it with the manager of an existing one, that the case came to light.