Business

McDonald’s plans to serve rice in south, west India

McDonald’s plans to serve rice in south, west India

Consumers want more options in lunch and dinner meals’ American food major McDonald’s has announced plans to serve rice menu at its outlets in southern and western India. The company has introduced two variants — Spicy Rice and Cheesy Rice — starting at ₹129 a bowl. McDonald’s will continue to …

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Air India pilots point out to grounding of aircraft

Air India pilots point out to grounding of aircraft

As Air India announced Independence Day discounts of up to 45% on both domestic and international travel on Monday, its pilots body the Indian Commercial Pilots Association (ICPA), shot off a strongly worded letter to the Chairman and Managing Director pointing that 40% of its Airbus 321 fleet was grounded …

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‘India to triple ethanol production by 2022’

‘India to triple ethanol production by 2022’

Aim is to reduce oil import bill by ₹12,000 crore, says Prime Minister Modi India will triple its ethanol production over the next four years till 2022 and this will save ₹12,000 crore in the country’s oil import bill, Prime Minister Narendra Modi said on Friday, which is being celebrated …

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IIP surges to five-month high of 7%

IIP surges to five-month high of 7%

‘Increase aided by pickup in investment demand, part-spurred by a rise in government expenditure’ Growth in industrial activity picked up to a five-month high of 7% in June, driven by an across-the-board acceleration in growth rates including in sectors such as manufacturing, electricity, infrastructure, and capital and consumer goods, according …

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Sensex extends dizzying climb

Sensex extends dizzying climb

Stock index adds 1,000 points in just 10 sessions to close at a record 38,024.37 Sustained buying support from foreign and domestic institutional investors, along with earnings-revival fuelled optimism, led the Sensex to one of its fastest 1,000 points rallies on Thursday as the equity benchmark soared above the 38,000-mark …

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Panel favours powers for SEBI to intercept phone calls

Panel favours powers for SEBI to intercept phone calls

A committee set up by the Securities and Exchange Board of India (SEBI) has recommended giving the capital market watchdog direct powers to intercept phone calls for better investigation while strengthening the regulations to act against perpetrators of financial statements fraud. Direct power “The committee has recommended that SEBI may …

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RBI must resume issuing LoUs, LoCs, says parliamentary panel

RBI must resume issuing LoUs, LoCs, says parliamentary panel

Discontinuation of the facility has resulted in 2-2.5% increase in cost of credit: Parliamentary panel The Reserve Bank of India’s decision to discontinue the issuance of Letters of Undertaking (LoU) and Letters of Credit (LoC) for trade credit was a “knee-jerk reaction” to the Punjab National Bank fraud case and …

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Will Tatas bid goodbye to Nano?

Will Tatas bid goodbye to Nano?

No clarity on fate of ‘sentimental’ car To be or not to be. That’s the million-dollar question currently being debated in the House of Tatas since it involves the future of Nano, the small car that made global headlines a decade ago. A product of Indian frugal engineering and created …

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Govt. to seek new bids for Pawan Hans

Govt. to seek new bids for Pawan Hans

100% stake sale on anvil as ONGC seeks to offload its 49% shareholding in helicopter services provider The government will soon invite fresh bids for 100% stake sale in Pawan Hans by issuing an addendum to the disinvestment document as ONGC is ready to sell its entire stake in the …

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HDFC AMC makes a strong debut on bourses

HDFC AMC makes a strong debut on bourses

On BSE, the shares were trading at ₹1,699 at 9:30 a.m HDFC Asset Management Company (HDFC AMC) made a strong debut on the bourses on Monday with the shares rising more than 50% over its issue price in the early morning trades. On BSE, the shares were trading at ₹1,699 …

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