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Sumant Banerji
New Delhi, July 18, 2018
The move, the first in over three decades, will likely to result in greater cost efficiencies for logistic companies as they would be able to ferry more goods per trip.


BusinessToday.In
July 17, 2018
Days after the state-run lender received a letter from Life Insurance Corporation of India (LIC) expressing its interest in acquiring 51 per cent controlling stake in IDBI Bank, the NPA-laden bank in its board meeting today sought government's decision in this regard.


BusinessToday.In
July 17, 2018
The IPO will open for subscription of anchor investors on Tuesday, July 24, 2018. The minimum bid lot for the IPO has been fixed at 13 equity shares and applications may be made in multiples of 13 equity shares thereafter.


Virendrasingh Ghunawat
Mumbai, July 17, 2018
The reserve price for the property has been kept at Rs 79,43,000, with the earnest money deposit of Rs 25 lakh, which needs to be deposited by August 6, 2018. The property will be sold through e-auction, public auction, and sealed tenders on August 9.


Mail Today Bureau
July 17, 2018
The next step for LIC is to approach market regulator Sebi, as the bank, which is also state-owned, is a listed entity. Insurance regulator IRDAI has already given its approval to the insurer for the stake purchase.


BusinessToday.In
New Delhi, July 16, 2018
OnePlus 6 Red edition goes on sale for first time in IndiaOnePlus 6 Red Edition will go on its first sale today. The new variant was launched earlier this month. The Red Edition of OnePlus 6 will be available from Rs 39,999. With the new variant in place, OnePlus will now have a total of four variants on sale. During the official launch of the device in India, the company had also unveiled an Avengers special edition OnePlus 6. However, the special edition was discontinued after a few sales. The new OnePlus 6 Red will go on sale from July 16, 12 pm and will be available from Rs 34,999 on Amazon India and OnePlus store. Amazon India will be conducting its Prime Day sale as well.Amazon India goes live with Prime Day; exclusive offers for Prime MembersAmazon Prime members can be a part of the Prime Day sale that will last for 36 hours straight from 12 pm on Monday. Amazon Prime is launching over 200 new products. The list includes OnePlus 6 Red, Intel 8th Generation gaming laptops, Nestle NesPlus breakfast cereals, apparel by Marks & Spencer, Bosch microwave oven, ASICS shoes, LEGO Taj Mahal and more. Prime Members can shop new launches and deals across categories including smartphones, fashion, consumer electronics, toys, appliances and more.Flipkart counters Amazon Prime Day sale with Big Shopping DaysFlipkart is conducting its Big Shopping Days sale from July 16 to July 19. The sale seems to be a counter to Amazon's Prime Day sale. While the Prime Day is exclusive to Prime members, Flipkart's sale has no such limitation. The e-commerce website is offering deals on a wide variety of products and discounts on payments via specific banks as well. Under the sale, Flipkart is offering 30 to 80 per cent discount on electronics with no-cost EMI and Extended warranty. TVs and appliances will get a discount of 70 per cent. Fashion products will get a discount ranging from 50 per cent to 80 per cent. Home and furniture will get a discount of 40 to 80 per cent with no-cost EMIs.


BusinessToday.in
New Delhi, July 16, 2018
OnePlus 6 Red edition goes on sale for first time in India; Amazon India goes live with Prime Day; exclusive offers for Prime Members; Flipkart counters Amazon Prime Day sale with Big Shopping Days. Watch more in this episode of Daily Tech Wrap with Danny D'Cruze.


BusinessToday.in
New Delhi, July 16, 2018
The Purchasing Managers' Index in June has recorded the maximum expansion since demonetisation; demand in rural areas has outpaced the demand in urban areas in the quarter ended March, 2018; Goldman Sachs used artificial intelligence and proudly made a disastrous prediction about the World Cup. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


PTI
New Delhi, July 16, 2018
Last week, the bank and Carlyle Group, which owns over 32% in PNB Housing Finance, had announced their plans to sell at least 51% stake in the company.


BusinessToday.In
July 16, 2018
The market closed lower on sell-off in banking, pharma, and metal stocks as investors turned cautious after wholesale inflation surged to a four-year high.While the Sensex fell 217 points to 36,323, Nifty closed 82 points lower at 10,936 level. The broad-based Nifty cracked below the 11,000-mark as 35 of its constituents closed in the red, led by Dr Reddy's, Tata Steel and Lupin.Wholesale price index-based inflation rose to more than four-year high of 5.77 per cent in June on increase in prices of vegetables and fuel items. The WPI inflation stood at 4.43 per cent in May and 0.90 per cent in June last year.Dr Reddy's fell sharply by more than 9 per cent on bourses following a District Court of New Jersey's decision with respect to further sale and commercialisation of its product in the US.In the Sensex pack, Tata Steel fell the most by 6.96 per cent along with Tata Motors (4.77 per cent).Among banking stocks, ICICI Bank fell by 3.26 per cent, SBI by 2.27 per cent and HDFC Bank by 0.46 per cent.Market breadth was negative with 496 stocks closing higher compared with 2113 ending lower on the BSE.


BusinessToday.In
New Delhi, July 17, 2018
Flipkart is conducting its Big Shopping Days sale that will go on till July 19. The sale seems to be a counter to Amazon's Prime Day sale. While the Prime Day is exclusive to Prime members, Flipkart's sale has no such limitation.


BusinessToday.In
July 16, 2018
The stock of India's second-biggest software services exporter rose 5.75% to hit its life time high of 1384.40 compared to its previous close of 1309.10 on the BSE.


BusinessToday.In
New Delhi, July 16, 2018
Department of Economic Affairs Secretary Subhash Chandra Garg said that since the combined shareholding of both the government and LIC would be over 90 per cent, and that public shareholding is too low, an open offer might not be on the cards.


BusinessToday.In
July 16, 2018
Amazon Prime members can be a part of the Prime Day sale that will last for 36 hours straight from 12 pm on Monday. Amazon Prime is launching over 200 new products.


BusinessToday.In
July 16, 2018
On May 10, 2018, the PC Jeweller board announced a share buyback worth Rs 424 crore, at a price of Rs 350 per unit, 67 percent higher than the closing price of Rs 209 on previous day.


BusinessToday.In
July 16, 2018
Last month, the insurance regulator approved LIC's proposal to increase its stake in troubled IDBI Bank from current 10.82 per cent to 51 per cent. Currently, the government holds 81 per cent stake in IDBI Bank.


BusinessToday.In
July 16, 2018
OnePlus 6 Red Edition will go on its first sale today. The new variant was launched earlier this month. The Red Edition of OnePlus 6 will be available from Rs 39,999.


BusinessToday.In
New Delhi, July 16, 2018
Flipkart and Amazon, the two biggest players in the Indian e-commerce arena will kick off their sales on Monday.


BusinessToday.In
New Delhi, July 13, 2018
On July 9, the NCLT had dismissed all petitions filed by Mistry and his family-run firms after a four-month long hearing. The 368-page court order, interestingly, included an instance where Tata Motors missed out on a major order nearly three years back.


Manu Kaushik
New Delhi, July 12, 2018
At present, telcos pay different levies such as spectrum usage charge (SUC), licence fees and Universal Service Obligation Fund (USOF). On top of this, telcos charge 18 per cent GST from consumers that goes to the government's kitty.


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