$30 billion of proof that India's tech scene is back16 Oct, 2019 12:25 PM ISTWalmart is mulling to demerge PhonePe —the payment system and digital wallet company of Flipkart - so that its ownership will be vested directly with the US retail behemoth, offering some hope for the country’s long-awaited tech renaissance.
Adani, Reliance group in race for Mumbai-Pune Expressway16 Oct, 2019 08:07 AM ISTIn what could be India's busiest stretch, sale of the toll operation rights on Mumbai-Pune Expressway could fetch at least Rs 8000 cr. SBI Capital Market has been looking for a new operator as IRB Infrastructure’s 15-year contract expired in August.
Will NASA have answers on Vikram lander?15 Oct, 2019 03:04 PM ISTThe US space agency NASA had promised hope of some news on the Vikram front by Tuesday after its Lunar Reconnaissance Orbiter (LRO) flyby over the site where Indian lunar lander might have landed.
'Enough is enough', Ayodhya hearing to end by 5 pm: CJI16 Oct, 2019 11:33 AM ISTThe Chief Justice of India's comments came in the backdrop of an intervention application moved by the Hindu Maha Sabha in the apex court seeking more time for arguments. The CJI had, earlier, said Wednesday will be the 40th and last day of hearing.
Is China planning to use military force?16 Oct, 2019 12:35 PM ISTChang, founder of KanwaAsian Defence, says that China's primary military target is Taiwan, although it would hesitate to open a two-front war while still smarting from the trade war. China is also unsure of India's military response.
Bajaj brings back iconic 'Chetak' in new avatar16 Oct, 2019 01:48 PM ISTChetak's launch marks Bajaj Auto's foray into the electric two-wheeler segment. Its managing director Rajiv Bajaj said that the company will focus on developing electric vehicles as far as meaningful niches are concerned and not for volume growth.
PM Modi offered Xi Indo-Pacific connect in response to BRI offer16 Oct, 2019 10:14 AM ISTPrime Minister Modi's offer to Xi Jinping came at the recently concluded informal summit between the two. India is opposed to the China-Pakistan Economic Corridor, a key part of the BRI, as it passes through Pakistan-occupied Kashmir.
India's fuel demand dips to lowest in over two years16 Oct, 2019 04:31 PM ISTConsumption of fuel has touched its lowest since July 2017 indicating that the economy is in the throes of a slowdown. Diesel, which is mostly used in commercial vehicles and farms, saw a drop in consumption of more than 3 per cent in September.
Flipkart to start selling food through FarmerMart16 Oct, 2019 07:18 AM ISTIn India, consumers spend about $500 bn on groceries annually. FarmerMart, with an authorised equity capital of Rs 1,845 crore, will sell items produced locally. Sales will initially be online, although the company can also sell through physical stores.
SC concludes Ayodhya daily hearings in 40 days, reserves verdict16 Oct, 2019 04:14 PM ISTThe five-judge bench of the Supreme Court concluded hearing in the case that lasted for 40 days. The apex court is expected to deliver its judgment on the Ayodhya case before November 17, 2019, the date on which the current CJI demits office.
SBI seeks FinMin's intervention for DHFL resolution16 Oct, 2019 10:20 AM ISTLack of coordination is causing hurdles, SBI feels. The bank is worried about systemic risk if efforts to finalise the resolution plan do not go through. While NBFCs have taken a hit on their advances, banks have yet to mark such credit as NPAs.
PMC Bank assures to protect depositors interest; meets RBI16 Oct, 2019 05:59 PM ISTPMC Bank's administrator meeting with Shaktikanta Das came after police authorities confirmed the death of one more depositor after Sanjay Gulati's death. The bank also assured of recasting its balance sheet to present a true and fair picture.