1. Business & Economy

Business & Economy

16 retail fashion brands commit to sustainability

Aug 23, 2019 Mumbai: Sixteen retail fashion brands have signed the Su.Re (sustainability resolution) project launched by the Textile Ministry, IMG Reliance and Clothing Manufacturers Association Of India (CMAI). Textile Minister Smriti Irani launched the…

Kia Motors India launches mid-segment SUV Seltos

Aug 22, 2019 Mumbai: Kia Motors India on Thursday launched mid-segment SUV Seltos, its first product for the Indian market. According to the company, the Seltos is BS-VI compliant vehicle and is available in both…

Sensex down 170 points, Yes Bank sheds 5%

Aug 22, 2019 Mumbai: In the absence of any positive development and concerns over the damaging slowdown in the domestic economy, the markets continued to trade lower on Thursday. Yes Bank fell over 5 per…

Business & Economy

India’s growth may slow down further to 5.7% in Q1: Report

Aug 21, 2019 Mumbai India’s economic growth is likely to slow down further to 5.7 per cent in the April-June quarter of this year due to low consumption, weak investments and an under-performing service sector,…

How Wow! Momo went from 1 table to 274-store chain in 11 yrs

By Strshendu Panth Aug 21, 2019 Kolkata: Eleven years ago, college students Sagar Daryani and Binod Homagai invested Rs 30,000 to start in Jadavpur a small venture — selling an Indianised version of the Tibetan…

IL&FS did not disclose NPAs for 4 years: RBI

Aug 21, 2019 New Delhi: The IL&FS had not disclosed any NPAs for the last four years, the Reserve Bank of India (RBI) has said in a report. The report is based on inspection of…

Business & Economy

DTC task force prescribes reduction of corporate tax rates

Aug 20, 2019 New Delhi: In what could have far-reaching implications for the overall economy, a government panel has underlined the need to bring down corporate tax rates to 25 per cent for all companies,…

Auto slowdown: SBI waives processing fee on car loan, more PSBs to follow

Aug 20, 2019 New Delhi: In a bid to boost car sales amid piling inventories, the State Bank of India (SBI) on Tuesday waived processing fee on car loans during the upcoming festival season and…

Business & Economy

Experts’ hope high from direct tax code

Aug 19, 2019 New Delhi: With the direct tax code (DTC) being in the works for years and report of the task force expected anytime now, tax experts hope the new draft law would ease…

General Electric engaged in ‘bigger fraud than Enron’: Whistleblower

Aug 17, 2019 San Francisco: A whistleblower has accused General Electric (GE) of hiding massive losses by engaging in a $38 billion accounting fraud, which is “bigger than Enron”. In his report this week, investigator…

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