As part of its exercise to restructure the P&E segment, Allcargo transferred similar businesses to its joint venture company Avvashya CCI Logistics Pvt Ltd. Allcargo is part of the Avvashya Group owned by founder and Chairman Shashi Kiran Shetty.
The insurance regulator will now have take the final call on the matter.
Mandal replaces Bharat Vasani who will continue with the group as Legal Adviser to the Chairman’s office.
As the financial health of state-run banks keeps deteriorating, the Reserve Bank of India has revised the Prompt Corrective Action (PCA) framework.
In what is a case of double-speak the Narendra Modi-led government seems to have gone back on its word to disallow Foreign Direct Investment (FDI) in multi-brand retail.
In the last two months, the auto sector has seen a few headline-grabbing developments almost all of which related to India's push in electric vehicle space. With the noise building around a greener fuel, are electric vehicles the future of India?
Suzlon currently has an outstanding order book of 1,331 MW in wind power and 231 MW in solar. This does not include the orders under its forging and maintenance businesses
The proverbial silver spoon is viewed by the world at large as an unfair advantage, but those born with it know that entitlement isn’t enough to justify ascension in these times.
Reliance Jio has filed a complaint with the telecom ministry alleging that incumbents Bharti Airtel, Vodafone and Idea did not deposit requisite licence fee in March, which led to a potential loss of Rs 400 crore to the government.
Competition in the airline sector is expected to move from the domestic airspace into international skies. SpiceJet has already sounded the bugle by announcing that it plans a direct Delhi-London flight at a total fare of Rs 30,000which can go down to Rs 20,000.
Government-run Air India plans to raise around Rs 80 crore through sale of its seven properties, including some land parcels, as a part of its asset monetisation plan.
Sebi today disposed of a case relating to violation of insider trading norms against Sumanth Kumar Reddy Mettu, promoter of Aurobindo Pharma, as the pharma company had already imposed a fine on him and also cautioned him against future defiance.
Small petrol cars will become expensive by 1% while prices of small diesel cars will rise by 3%. There is good news for large cars & SUV buyers as prices could go down in the range of 3.5-9 %
The GST will be positive for Colgate and Dabur and will have neutral to negative for cigarette manufacturers
The managers said the HR had asked them to identify the bottom 10 percent during appraisals which concluded in April.
The 'Global Car' will be developed by Indian engineers from Maruti Suzuki in India, according to sources.
Here is a look of some of GM’s forgotten models which did not do as well as they were hoped to.
Japanese conglomerate Softbank today said that it has freezed USD 93 billion capital for its Softbank Vision Fund that will be invested in the technology sector and expects total commitment in it to reach USD 100 billion in six months.
A round-up of the top news stories from the world of auto.
As the uncertainty over GST taxation ebbs and rural recovery gathers momentum, ITC could finally be expected to see the much awaited multiple re-rating.
Tax exemptions for the proposed scrappage scheme for old trucks and buses was being worked upon by the GST council
E-commerce major Flipkart today said it saw over five-fold growth in transactions on its platform during its 'Big 10' sale.
Sahara group chief Subrata Roy today moved a city court here seeking his discharge from a case filed by the Securities and Exchange Board of India (SEBI).
The IPO of India Grid Trust to raise Rs 2,250 crore was subscribed 16 per cent on the second day of the offer today.