Business News

Last updated: Saturday, May 27, 2017 2:14:04 PM

CCI approves Tata firms' acquisition of NTT Docomo's stake
New Delhi, May 25 (IANS) The Competition Commission of India (CCI) on Thursday approved Tata Group firms' acquisition of 21.63 per cent stake of NTT Docomo in Tata Teleservices.

Thursday, May 25, 2017 11:24:04 PM

Auto sector projected to contribute 12% to GDP over next decade
New Delhi, May 25 (IANS) The central government on Thursday said the Indian automobile sector is projected to contribute 12 per cent to the country's GDP (gross domestic product) over the next decade.

Thursday, May 25, 2017 11:10:05 PM

Tapan Ray to be the next Economic Affairs Secretary
New Delhi, May 25 (IANS) The central government on Thursday said that Corporate Affairs Secretary Tapan Ray will be the next Secretary, Department of Economic Affairs, under the Ministry of Finance from June 1, 2017.

Thursday, May 25, 2017 11:10:04 PM

Ecosystem to make EVs viable yet to be created: R.C. Bhargava
Mumbai, May 25 (IANS) Maruti Suzuki's Chairman R.C. Bhargava on Thursday said that an ecosystem which will make electric vehicles (EVs) viable, acceptable and usable by customers in India is yet to be created.

Thursday, May 25, 2017 10:54:04 PM

NMDC net profit up 11.5% in Q4
Hyderabad, May 25 (IANS) State-run NMDC Ltd on Thursday reported 11.5 per cent rise in its standalone net profit to Rs 511.88 crore during the quarter ended March 31, 2017 as compared to Rs 459.08 crore in the year-ago period.

Thursday, May 25, 2017 10:54:03 PM

Mercedes-Benz India reduces 'Made in India' product prices
Mumbai, May 25 (IANS) Luxury car maker Mercedes-Benz India on Thursday said that it has decided to reduce the "transaction prices" of its entire 'Made in India product portfolio.

Thursday, May 25, 2017 9:48:03 PM

IOC awaits Centre nod on dynamic fuel pricing across India
New Delhi, May 25 (IANS) The ongoing dynamic fuel pricing pilot project in five cities by state-run oil marketers, whereby transport fuel prices are changed daily, would only be extended elsewhere in India on receiving the government's green signal, a senior oil executive said on Thursday.

Thursday, May 25, 2017 9:42:03 PM

100% FDI in domestic airlines poses security risks, says FIA
Mumbai, May 25 (IANS) Permitting foreign firms to fully own a domestic airline could have serious security implications, besides giving rise to other issues, the Federation of Indian Airlines (FIA) has told the government.

Thursday, May 25, 2017 9:40:05 PM

Maruti Suzuki to set up automobile skill enhancement centres
New Delhi, May 25 (IANS) Passenger vehicle major Maruti Suzuki on Thursday said that it will set up automobile skill enhancement centres (ASECs) across 15 government-run Industrial Training Institutes (ITIs) across 11 states in the next three months.

Thursday, May 25, 2017 9:06:05 PM

Britannia's Q4 net profit marginally up 2.5%, income at Rs 2,193.63 cr
Mumbai, May 25 (IANS) Despite a sluggish demand scenario post demonetisation, FMCG major Britannia Industries on Thursday reported a marginal rise of 2.54 per cent in its standalone net profit at Rs 196.73 crore for the fourth quarter (Q4) ended March 31, from Rs 191.86 crore for the same period in the last fiscal.

Thursday, May 25, 2017 8:22:03 PM

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