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Maruti recalls 1.8 lakh cars sold from 2018 to 2020 for faulty unit
Maruti Suzuki on Friday announced a recall of as many as 1.8 lakh cars sold between May 4, 2018 and October 27, 2020, to...CCI imposed Rs 200 crore fine on Maruti Suzuki India
The Competition Commission of India (CCI) on August 23 imposed a fine of Rs 200 crore on the country's biggest carmaker Maruti...Volkswagen Joins Tesla in call for Lower Import Tax On Electric Vehicles in India
Volkswagen AG, the world's second-largest carmaker, is calling for lower import duties on electric cars in India to help drive demand for...Hero Electric raised Rs 220 crore from GII and OAKS investors
India’s largest electric vehicles maker Hero Electric Vehicles Pvt. Ltd. has raised Rs 220 crore in a funding round led by UAE’s...European Union fines Volkswagen and BMW of $1 billion for emissions cartel
The European Commission on thursday fined German carmakers Volkswagen and BMW a total of 875 million euros ($1 billion) for colluding to...
- Aviation
Tata Sons and Singapore International Airlines invested ₹750 crore in Vistara
Tata Sons Ltd, the holding company of Tata group, and Singapore Airlines Ltd - the two promoters of Vistara - have infused...SpiceJet signs deal with Avenue Capital for acquiring 50 more aircraft
SpiceJet airline signed a memorandum of understanding with New York-based Avenue Capital Group for financing, acquisition and sale and lease‐back of up...Airbus partners with Hyderabad-based Flytech to train drone pilots
Airbus on Wednesday signed a memorandum of understanding (MoU) with Hyderabad-based Flytech Aviation Academy, to explore collaboration opportunities in remotely piloted aircraft...Tata Sons to take control of Air Asia India with the holding of 83.6%
Tata Sons Ltd has acquired an additional 32.67 per cent stake in Air Asia India for $37.6 million. Now,...Indigo partners with car rental company Urban Drive
Budget carrier IndiGo has partnered with car rental company Urban Drive so that passengers can book self-driven and chauffeur driver services across 60 cities...
- Banking
RBI imposed Rs 25 lakh fine on Axis Bank for rule violations
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹25 lakh on Axis Bank Limited for violation of rules,...HDFC Bank raised $ 1 billion via issue of 3.70% Basel III Compliant Additional Tier I Notes
HDFC Bank has raised USD 1 billion by the issue and allotment of Direct, Subordinated, Unsecured 3.70% Basel III Compliant Additional Tier...ICICI bank files cheating case against Karvy Stock Broking Ltd of Rs 563 crore
ICICI Bank filed a case against Karvy Stock Broking Ltd’s promoter C. Parthasarathy as well as others for allegedly cheating the bank...HDFC Bank Plans to Raise Funds Via AT-1 Bonds from Overseas Market
HDFC Bank on Monday said the bank plans to raise capital by additional tier- I (AT1) bonds in the overseas market to...RBI has kept the repo rate and reverse repo rate unchanged at 4% and 3.35% respectively
The Monetary Policy Committee (MPC) has decided to maintain status quo and keep interest rates unchanged. Currently, the...
- E- Commerce
Future Retail files new case against Amazon in SC over $3.4 billion retail deal
India's Future Retail on Saturday filed a new case against Amazon.com Inc at the Supreme Court in its latest effort to seek...Amazon to pay customers up to $1,000 for dangerous items sold on its site
Amazon will start directly paying compensation to customers who are affected by dangerous products sold by independent sellers in its store.Flipkart launched camera feature; user can view the product before purchase
Walmart-owned Flipkart on Wednesday introduced an augmented reality (AR) capability on its app Flipkart Camera that will provide an immersive ecommerce experience...Flipkart to buy back employee stock options worth Rs 600 crore
Walmart-owned Flipkart will undertake a buyback employee stock options worth about Rs 600 crore. The company confirmed the development...PhonePe partners with Flipkart to digitise cash-on-delivery payments
PhonePe, India’s leading digital payments platform on Monday said it has partnered with Flipkart to enable pay-on-delivery service for Flipkart's major orders.
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Bharti Airtel to Raise Rs 21,000-Crore via Rights Issue
Telecom operator Bharti Airtel’s board on Sunday approved raising up to Rs 21,000 crore by way of rights issue, at a price of...IDFC First Bank and YES Bank most will be affected most if vi collapsed
India’s third-largest telecom operator, Vodafone Idea is now facing accute crisis to manage its debt. It will affect some of the country’s...Airtel and TCS announce collaboration to build 5G networks in India
Bharti Airtel and Tata Group have announced a strategic partnership for implementing 5G network solutions for India. This...Intel partners with Reliance Jio to work on 5G network technology
Intel Corp on Monday said it will partner with India's Reliance Jio to develop 5G networking technology. It...Jio adds 4.2 mn subscribers, Airtel adds 3.7 mn users in February
Mukesh Ambani-led Jio gained 4.26 million wireless subscribers against Airtel’s 3.73 million, according to latest subscriber data collated by the Telecom Regulatory...
- Other Business News
SEBI introduces T+1 settlement cycle for stocks on optional basis w.e.f January 1
The Securities and Exchange Board of India (SEBI) on September 7 introduced T+1 (Trade plus 1 day) rolling settlement cycle for stocks...After Shutting down in US, Zomato to shut down Singapore & UK business
Food delivery firm Zomato has decided to shut down its Singapore and United Kingdom (UK)-based subsidiaries. The...RIL shares up by 4%, hits new life-time high on stake buy in Strand Life Sciences
Shares of Reliance Industries (RIL) hit a new life-time high of Rs 2,477.70, and are up 4 per cent on the BSE...GST collections dip in August to ₹1.12 lakh crore
Gross Goods and Services Tax (GST) revenues in August fell to ₹1.12 lakh crore from ₹1.16 lakh crore in July, the Finance...Tata group’s market cap crossed $300 billion
The market capitalization of Tata group has crossed $300 billion as shares of 27 of its 28 listed companies soared during the...
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