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SoftBank had invested USD 2.5 billion in Flipkart and exiting the company would fetch it up to USD 4.5 billion. The USD 2 billion profit would be taxed as per Indian law. (Photo: AFP)

SoftBank profit up 49 per cent on Flipkart, ARM stake sales

SoftBank said it estimates that the sale of Flipkart shares will occur within 24 months of the inception of the...

6 Aug 2018 5:32 PM IST

Synergies Castings Limited, Indias leading aluminium alloy wheel manufacturer has signed a MoU with Andhra Pradesh government to establish a major Greenfield aluminium casting and speciality alloy wheel manufacturing facility in Vizag and to create 2,000 jobs.

Auto components industry seeks uniform 18 pc GST on all products

Currently 60 per cent of the components attract 18 per cent GST rate.

6 Aug 2018 5:20 PM IST

The National Investigation Agency (NIA) filed the 1,279-page chargesheet before a designated court in Delhi and sought permission to continue its probe. (Photo: Representational/AFP)

LeT handler Habibur Rahaman held after deportation from Saudi Arabia

Rahaman is alleged handler of Naeem, who was held in 2007 while helping 2 Pak, one Kashmiri terrorist infiltrate into...

6 Aug 2018 4:58 PM IST

Chief Justice of India Dipak Misra (Photo: PTI)

SC judges meet CJI Dipak Misra over lowering of KM Joseph's seniority

Justice Ranjan Gogoi, who is the senior-most judge after the CJI, was not present as he was on leave on today.

6 Aug 2018 4:42 PM IST

The government has withdrawn the preliminary information memorandum for proposed disinvestment of helicopter services provider Pawan Hans.

ONGC board approves stake sale in Pawan Hans

ONGC board had first on June 29 approved exiting Pawan Hans.

6 Aug 2018 4:07 PM IST

The Central government has made it mandatory for all helmets to bear the ISI mark provided by the Bureau of Indian Standards (BIS). (Representational Image)

Manufacturing, selling non-ISI helmets now a criminal offence

While for first offence the penalty would amount to two years jail or fine of at least Rs 2 lakh.

6 Aug 2018 3:52 PM IST

HDFC Bank is a major player in Indias banking sector. (Photo: PTI)

HDFC Bank raises fixed deposit rates by up to 0.6 per cent

The deposit of maturity 6-9 months would earn 6.75 per cent, 40 basis points higher than previous rate.

6 Aug 2018 3:24 PM IST

The quantity of gold smuggled was higher earlier, but the gants were playing safe and bringing gold in lesser quantities. (Representational image)

Gold rises by Rs 35 per 10 gm on jewellers' buying

Gold is trading at Rs 30,585 per 10 grams at the bullion market on persistent buying by local jewellers.

6 Aug 2018 3:06 PM IST

Nestle India seeking permission to destroy nearly 550 tonnes of Maggi noodles which had been recalled and lying at over 39 locations in the country. (Representational image)

Maggi attains over 60 pc market share, touches pre-crisis level in...

Maggi contributes around one-third of the total sales of the company.

6 Aug 2018 2:01 PM IST

Union minister for Road transport & highways, shipping and water reso urces, river development and Ganga rejuvenation, Nitin Gadkari

Vehicle scrap policy to see another round of consultations: Gadkari

He said that after -"taking everyone's views-" it will be sent back to the PMO for approval.

6 Aug 2018 2:00 PM IST

In an important step toward countrys energy security, state-owned oil explorer ONGC plans to double its gas production in the next 5-6 years.

High operating profit to help ONGC cut borrowings, says Moody's

ONGC reported 47.2 per cent increase in EBITDA or operating profit to Rs 14,240 crore.

6 Aug 2018 1:54 PM IST

IDBI shares fell as much as 3.5 per cent to 73.6 rupees.

Young IDBI staff threatens suicide as merger plan with LIC moves on

IDBI Bank Officers' Association, in association with AIBOC, will go on strike from August 6-10.

6 Aug 2018 1:53 PM IST