Cheaper hotels, lower rush lure travellers to monsoon vacations

 With most airlines and hotels lowering prices to attract customers during what is known as the "off-period" for travel, a vacation during the monsoon season is slowly catching the fancy of travellers in India.

The monsoon period, which is usually considered a lean period of travel -- right after summer vacations and before the beginning of the festive season -- is

Growth data, derivatives expiry to influence equity markets (Market Outlook)

Macro-economic data points, especially the country's quarterly economic growth figures, along with derivatives expiry are expected to influence the movement of equity indices next week.

According to market observers, investors' risk-taking appetite will also depend upon global cues, direction of foreign funds movement and any further development over divestment and consol

Choppy equity markets to induce volatility in Indian rupee

Global cues and massive outflow of foreign funds from the country's capital markets are expected to induce volatility in the Indian rupee next week.

"Short-term volatility can be high as stock market remains choppy. Next week, traders will focus on US jobs data," Anindya Banerjee, Deputy Vice President for Currency and Interest Rates with Kotak Securities, told IANS

Yogi surveys flood hit regions, assures all help

Chief Minister Yogi Adityanath on Saturday conducted an aerial survey of the flood-affected regions of Ballia district and assured the people that the administration would extend all help to them in this hour of crisis.

Before this, he distributed relief material and handed over the house compensation amount to people in Bansdih tehsil.

Expressing his sympathies wi

Bidding guidelines for solar power purchase issued

The union government on Saturday issued fresh guidelines for a tariff based competitive bidding process for power purchase from grid connected "Solar PV" projects.

According to the Ministry of New and Renewable Energy, the new guidelines were notified on August 3, 2017 and are expected to encourage further investment in the sector.

The ministry said that

Tata Motors looks at third position in passenger car segment

Automobile major Tata Motors has set a goal to move to "third position" in terms of the passenger vehicle market in a year or two, a top company official said on Saturday.

"In terms of PV (passenger vehicle), the volumes have gone up. Our market position used to be seventh or eighth, we now moved to fifth position. Our goal is to move to third in a year or two," Ex

Sikka denies joining HP Enterprise, post-Infosys

Technocrat Vishal Sikka, who logged out of software major Infosys on Thursday after quitting as its first non-founder CEO on August 18, denied joining the US IT major Hewlett Packard Enterprise (HPE), said an Indian business news channel on Saturday.

"Reports of me joining HPE are false. Someone is trying keenly to put me in a box," Sikka told CNBC-TV18 in a video interview

Nilekani goes down memory lane on return to Infosys

Returning to the global software firm Infosys after eight years as its new non-Executive Chairman, co-founder Nandan Nilekani went down memory lane on Friday to recall his contribution to the country too.

"I was a CEO of this company and resigned from that position 10 years ago. In 2009, I was invited by then Prime Minister Manmohan Singh to take a job in the government in the st

Back to Infosys as there was no one else: Nandan Nilekani

Software major Infosys co-founder Nandan Nilekani, who returned to the company as its non-Executive Chairman, on Friday said he believes he's back because "there was no one else".

Addressing a press gathering here, Nilekani said he had met the Board for the first time on Friday. "The priority now is to make sure the Board and the employees are all on the same page.

Maruti Suzuki launches `i Create` personalisation for Swift

Automobile major Maruti Suzuki on Friday introduced the "i Create" personalisation concept for its hatchback Swift.

According to the passenger car maker, the tool allows the customers to personalise their car using the "i Create" configurator available online as well as at the dealership.

"After the success of ‘i Create' on Vitara Brezza, w

Infosys Board to focus on bringing stability: Nilekani

The Board of global software major Infosys Ltd would focus on bringing complete stability to the company, said new Chairman Nandan Nilekani on Friday.

"The Board is focused on bringing complete stability to the company. It has also tasked its Committee of Directors to work with the CEO and the management to review and refresh the company's strategy by October," he said a

DLF promoters to sell 40% stake in firm`s rental arm

The promoters of realty major DLF will sell 40 per cent of their stake in the firm's rental business to an affiliate of GIC Real Estate, Singapore, post the receipt of shareholder and other regulatory approvals.

The decision to allow the sale by the promoters was taken by the company's board on Friday after a review was conducted by an "Audit Committee" on the detail

Honda Cars India launches `Privilege Edition` Jazz

Automobile manufacturer Honda Cars India Ltd (HCIL) on Friday introduced the 'Privilege Edition of its premium hatchback Honda Jazz.

The sedan's petrol variant with "V MT" has a starting price of Rs 7.36 lakh, while the "paddle shift" "V CVT" version costs Rs 8.42 lakh (ex-showroom New Delhi).

The "V MT" variant in diesel is pr

Equities close with marginal gains; healthcare stocks, DIIs aid bull run

Continuing the bull run for the second consecutive week, key Indian equity indices -- the Sensex and the Nifty50 -- closed with minimal gains as short covering in healthcare and banking stocks coupled with continuous purchasing activities by domestic institutional investors (DIIs) kept market sentiment afloat.

On a weekly basis, the 30-scrip Sensitive Index (Sensex) of the BSE rose by

Reliance Defence starts steel cutting on 14 fast patrol vessels

Reliance Infrastructure on Friday announced that its subsidiary Reliance Defence and Engineering Limited (RDEL) has commenced the steel cutting of 14 fast patrol vessels and undertaken the keel laying of the training ship for the Indian Coast Guard at their shipyard here.

"The solemn ceremonies were conducted yesterday at the auspices of IG T.P. Sadanandan, TM, DDG (M&M), Ind

Aadhaar addresses all of Supreme Court`s design principles: Nilekani

Nandan Nilekani, co-founder and non-Executive Chairman of Infosys, who is also the architect of the UIDAI, on Friday expressed confidence that Aadhaar "addresses all design principles laid down by the Supreme Court".

Nilekani said this during an investors' call held on Friday, where he was asked about the apex court's landmark judgment on right to privacy as a fundam

Will be with Infosys as long required: Nandan Nilekani

Nandan Nilekani, co-founder of global software giant Infosys, on Friday said he will be with the company as its non-Executive Chairman till it was "stable" and "on its path of full potential".

In an investors' call that had over 600 participants, Nilekani said: "I plan to be here (with the company) as long as it is necessary, and I will not be here as soon

New Infosys chairman Nandan Nilekani to focus on CEO search, strategy

By Sankalp Phartiyal and Aby Jose Koilparambil

MUMBAI/BENGALURU  - The new chairman of Infosys, Nandan Nilekani, said his priorities were to find a CEO, reconstitute the board and shape future strategy, as he sought to calm investors frazzled by the recent shock exit of the firm's chief over a prolonged row with its founders.

Nilekani, himself one o

Timeline of Infosys saga in hard times

Software major Infosys has gone through a churn over the months, as its boardroom battles over a spate of issues led to the exit of its first non-founder executive Vishal Sikka on August 18 and the return of its co-founder Nandan Niliekani as non-Executive Chairman on Thursday.

Among the issues red flagged by the promoters, especially N.R. Narayana Murthy were erosion in corporate gov

Linking Aadhaar to PAN in national interest: Ravi Shankar Prasad

Law Minister Ravi Shankar Prasad on Thursday said linking the Aadhaar number with the Permanent Account Number (PAN) was in the national interest as it would prevent money laundering.

Prasad, who is also the Information Technology Minister, was answering a question on the issue of linking the Aadhaar number, in view of the Supreme Court's Thursday judgment that right to privacy wa

Employees should be kept on board during bank mergers: SBI

In the backdrop of the government approving constitution of an alternate mechanism to oversee proposals of bank mergers, State Bank of India Managing Director Dinesh Khara on Thursday said the employees must be kept on board to alleviate their concerns during the process of consolidation.

"If we start looking at bank mergers from human angle, what is required is that the principa

Infosys co-founder Nandan Nilekani returns as non-Executive Chairman

Infosys co-founder Nandan Nilekani on Thursday returned to the global software major as non-Executive Chairman of the Board with immediate effect.

"The Board of Directors has appointed Nandan Nilekani as a non-executive, non-independent Director and as the Chairman of the Board of Directors," said the IT major in a regulatory filing on the BSE.

The Board accepted t

Gartner names Zensar Tech in ‘Digital Vendor’ list 2017

Zensar Technologies, a leading digital solutions and technology services company, on Thursday said it has been listed as a sample vendor in the Gartner Digital Commerce Vendor Guide 2017 authored by Gartner analysts Jason Daigler, Penny Gillespie, Mike Lowndes, Sandy Shen, Mark David Lewis and Yanna Dharmasthira. According to Gartner, "Digital commerce service providers offer a variety of

Dilip Buildcon to divest stake in 24 subsidiary cos

Construction firm Dilip Buildcon on Thursday said it has signed a Term Sheet with Chhatwal Group Trust today in respect of divestment of its entire stake in 24 of its Subsidiary Companies (SPVs). “The sale is for 14 operational projects, and 4 under construction projcets and 6 HAM projects, which are at different stages of under construction & pre construction,” said Dilip Build

Zydus Cadila bags approval for Cilexetil tablets

Leading pharma major, Zydus Cadila has said that it has received the final approval from the US FDA to market candesartan cilexetil tablets USP 4mg, 8mg, 16mg, and 32 mg. “The drug is used to treat high blood pressure in adults and will be manufactured at the group's formulations manufacturing facility at Moraiya, Ahmedabad,” the company said in a filing to the Bombay Stock Exch