Business

India's core industries' output rises in June

Mon, 08/01/2016 - 20:38

New Delhi, Aug 1 (IANS) The Indian infrastructure sector output in eight "core" industries (ECI) grew by 5.2 per cent in June compared with the same month last year and 2.8 per cent growth in May 2016, on the back of overall increase in production except in hydrocarbons, official data showed on Thursday.

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Wipro arm buys Israeli aerospace firm

Mon, 08/01/2016 - 20:08

Bengaluru, Aug 1 (IANS) Wipro Infrastructure Engineering, a subsidiary of Wipro Enterprises Ltd, on Monday announced acquiring Israel-based aerospace firm H.R. Givon for an undisclosed amount.

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Bihar assembly passes new prohibition bill

Mon, 08/01/2016 - 20:08

Patna, Aug 1 (IANS) The Bihar assembly on Monday passed a new Prohibition and Excise Bill, 2016, which has stringent provisions for ensuring a total ban on consumption of liquor in the state.

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Minimum capital Rs 5 bn, listing in 6 years for bank licence on tap

Mon, 08/01/2016 - 20:00

Chennai, Aug 1 (IANS) A minimum start-up capital of Rs five billion; minimum promoter holding of 40 per cent (lock-in period five years); listing of the shares within six years; and promoters' holdings to be brought down to 15 per cent in 15 years are some of the stipulations laid down by the regulator on Monday for getting a bank licence on tap.

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Competition Commission imposes Rs 72.96 crore penalty on Lupin

Mon, 08/01/2016 - 19:42

New Delhi, Aug 1 (IANS) The Competition Commission of India (CCI) has imposed a penalty of Rs 72.96 crore on pharmaceutical company Lupin and Rs 8,60,321 on Karnataka Chemists and Druggist Association (KCDA) for anti-competitive practices, an official statement said here on Monday.

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Profit booking subdues equity markets (Roundup)

Mon, 08/01/2016 - 19:40

Mumbai, Aug 1 (IANS) Profit booking, along with lower crude oil prices and apprehensions over two upcoming global events, subdued the Indian equity markets on Monday.

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Mahindra's July auto sales up 14%

Mon, 08/01/2016 - 18:32

Mumbai, Aug 1 (IANS) Automobile manufacturer Mahindra and Mahindra (M&M) on Monday reported a rise of 14 per cent in its total sales for July.

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Uber China merges with Didi

Mon, 08/01/2016 - 18:32

Beijing, Aug 1 (IANS) San Francisco-based ride-hailing giant Uber Technologies Inc. on Monday merged its operations with Chinese rival Didi Chuxing Technology Co.

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Investments in Madhya Pradesh decline, says Assocham study

Mon, 08/01/2016 - 18:20

Bhopal, Aug 1 (IANS) Investments in Madhya Pradesh declined 14 per cent in the fiscal year ended March 2016 while 86 per cent of the Rs 53,000 crore of committed investments remained on paper, said an Assocham study published on Monday.

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India's July manufacturing PMI index hits four-month high

Mon, 08/01/2016 - 18:14

Mumbai, Aug 1 (IANS) The country's manufacturing sector saw a significant uptrend in July registering the highest reading since April this year, as both production and new orders rose, a key macro-economic data showed on Monday.

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