Business

Singh brothers‘ feud: Shivinder says latest fight closes all options to work with Malvinder

Singh brothers‘ feud: Shivinder says latest fight closes all options to work with Malvinder

NEW DELHI: As the feuding former and – the – reportedly came to blows, younger brother on Friday said the latest incident closes all options for any possible solution to work together with his elder sibling, . In the latest twist to their fight, Malvinder Singh in a video circulated […]

Rupee rises 46 paise to 70.44 against dollar

Rupee rises 46 paise to 70.44 against dollar

MUMBAI: The appreciated by 46 paise to 70.44 against the US in early trade Friday at the interbank foreign exchange, amid weakness in the greenback against some currencies overseas and a higher opening of domestic equities. Forex traders said, increased selling of the American currency by exporters and banks and […]

Govt contribution to NPS to rise to 14%

Govt contribution to NPS to rise to 14%

NEW DELHI: In a bonanza for government employees, the Cabinet on Thursday raised the government‘s contribution to () to 14 per cent of basic salary from the current 10 per cent, sources said. Minimum employee contribution will, however, remain at 10 per cent. The Cabinet also approved tax incentives under […]

Kotak stock jumps 10% on report of Berkshire investment

Kotak stock jumps 10% on report of Berkshire investment

NEW DELHI: Shares of Ltd jumped as much as 10.2 per cent on Friday after a TV channel reported that Warren Buffett‘s Berkshire Hathaway Inc is planning to invest about $4 billion to $6 billion in the bank. Berkshire Hathaway may invest in the lender by buying promoter stake or […]

Sensex rebounds 361 points on positive global cues

Sensex rebounds 361 points on positive global cues

MUMBAI: Benchmark indices broke their three-day falling streak Friday driven by strength in global equities, sliding crude prices, recovering rupee and a surge in Kotak Bank shares on reports that Berkshire Hathaway was planning to pick up stake in the lender. The rallied 361 points, or 1.02 per cent, to […]

Air Italy and WOW Air start flights to Delhi

Air Italy and WOW Air start flights to Delhi

NEW DELHI: There are more options for people flying between Delhi and the west with two airlines — Air Italy, which is owned 49% by Qatar Airways, and Icelandic low-cost carrier WOW Air — starting flights to IGI Airport from Friday. Both these airlines offer connections beyond their Malpensa and […]

Krishnamurthy Subramanian appointed new CEA

Krishnamurthy Subramanian appointed new CEA

NEW DELHI: The government on Friday appointed of Indian School of Business (ISB) Hyderabad as the for a period of three years, an official release stated. He will be serving in place of Arvind Subramanian, who left the office in July earlier this year. Currently, Subramanian serves as associate professor […]

Govt may infuse Rs 2k cr in loss-making non-life PSUs

Govt may infuse Rs 2k cr in loss-making non-life PSUs

NEW DELHI: The government is likely to come out with a proposal for recapitalisation of loss-making public sector non-life insurance companies. The department of financial has been asked to prepare a plan, which sources said would require about Rs 2,000-crore infusion in the near future. The issue of the government-owned […]

HCL buys select IBM‘s products for $1.8 billion

HCL buys select IBM‘s products for $1.8 billion

BENGALURU: is buying select IBM’s software assets for $1.8 billion upping its game in security and commerce by unlocking an addressable market of $50 billion with the addition of seven products to its portfolio. The transaction is expected to close by mid-2019 subject to regulatory approvals. The broader business strategy […]

Uk suspends ‘golden visa‘ amid corruption fears

Uk suspends ‘golden visa‘ amid corruption fears

LONDON: The “golden visa” route to enter the UK that wealthy Indians have used to get the right to live and work in Britain has been suspended amid money-laundering fears. The UK tier 1 investor visa, established in 2008, was the most favoured route that high net worth individuals from […]