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We will touch Rs 200 crore sales turnover this calendar year ending December 2019 despite slowdown challenges, PL Muthusekkar, Managing Director at Nord Drivesystems India told Financial Chronicle.

Germanyâ€™s Nord opens third plant

The company has an installed capacity to produce 42,000 geared motors per annum.

22 Nov 2019 12:47 AM IST

The hub employs over 1,900 software engineers and developers.

DBS Bank aims at 100 touchpoints in 25 cities in India in 1 year

Currently DBS has 70 touchpoints in the country.

21 Nov 2019 5:02 PM IST

Pay-TV groups have been squeezed globally as viewers switch to online video platforms

Japan-'s Sony in talks to buy stake in India-'s Network18 Media:...

Ambaniâ€™s Reliance Industries Ltd, through various subsidiaries, owns a controlling stake in Network18.

21 Nov 2019 1:38 PM IST

The government currently holds 54.80 per cent in Concor and will retain 24 per cent stake post sell-off.

BPCL, SCI shares hit 52-week high after privatisation move

Shares of Shipping Corp also rose 2.12 per cent to hit a one year high of Rs 69.80 in opening trade but later pared the...

21 Nov 2019 1:05 PM IST

India has set a target of raising 1.05 trillion rupees (USD 14.6 billion) through the sale of state stakes in companies by March 2020.

Govt to offload Bharat Petroleum in state stake sell-off

Govt owns 63.75 per cent of Shipping Corp and a stake of 53.29 per cent in Indiaâ€™s second biggest state refiner BPCL.

21 Nov 2019 11:03 AM IST

On October 29, a senior official said there were good enough reasons to refer the DHFL matter to the SFIO.

Govt to start DHFL-'s bankruptcy proceedings in latest shadow banking...

DHFLâ€™s owes its lenders nearly 1 trillion rupees including several mutual funds, banks, pension funds, insurance firms...

21 Nov 2019 10:35 AM IST

The 154-year-old Shapoorji Pallonji Group, which constructed the Reserve Bank of Indias Mumbai headquarters as well as the Sultan of Omans palace, had given its word to IPO investors. (Photo: Wikipedia)

The Sun stops shining for property mogul Pallonji Mistry

The 42 per cent carnage in Sterling and Wilson shares over three trading sessions in Mumbai is the story of this broken...

21 Nov 2019 1:59 AM IST

Most of the investment, or about $550 billion, will fund core needs revolving around sustainability, safety, health and convenience, while the other $250 billion is to provide increased amounts of food for the growing population.

Asia needs $800 billion over a decade to feed itself

Asia is unable to feed itself, relying on imports flowing through long supply chains from the Americas, Europe and...

21 Nov 2019 1:55 AM IST

National Highway toll plazas will issue FASTags on the spot for vehicles entering dedicated lanes from December 1. They may be charged a double penal fee for entering dedicated lanes without FASTags.

NH toll plazas to issue FASTags on the spot

NHAI also has identified dedicated FASTag lanes and are being enforced during the daily trial runs.

21 Nov 2019 1:52 AM IST

Indias residential sector has been reeling under the pressure of delayed/stalled projects with 4.54 lakh units running behind their completion dates.

Realty sees 115 insolvency cases, $1 billion stressed deals

As per the Insolvency and Bankruptcy Board of India, a total 115 insolvency cases have been filed as of September 2019.

21 Nov 2019 1:49 AM IST

However, corporate watchers said the RBI superseding the DHFL board is an action that has come too late, as DHFL is now left with assets that its management could not sell and the mortgage lender has lost franchise value.

Reserve Bank of India supersedes DHFL board

The central bank also said it would shortly initiate the process of resolution of the company under the insolvency and...

21 Nov 2019 1:05 AM IST

MTNL which was set up 14 years before BSNL in 1986 to cater to two metropolises, New Delhi and Mumbai, that ostensibly required better services than rest of India has lost its relevance in view of mobile telephony and the internet revolution.

MTNL rings in strong VRS response; over 13,500 staff opted for scheme...

The government has approved a plum Rs 69,000-crore revival package for BSNL and MTNL.

20 Nov 2019 3:05 PM IST