Business
UK Retail King Tesco Says CEO Dave Lewis to Step Down in 2020
Dave Lewis, who has overseen a radical overhaul of Tesco since his appointment in 2014, will be replaced by Walgreens Boots Alliance executive Ken Murphy.
34 Functional Teams Formed to Smoothen Process of Merger of UBI, PNB, OBC
The merger will make the new entity the second-largest bank in the country after the State Bank of India (SBI) with a total business volume of Rs 18 lakh crore.
Sebi Imposes Rs 41 Lakh Penalty on 41 Entities for Fraudulent Trading Activities
A probe found the 41 entities entered into various trades in the nature of synchronised trades, reversal trades and off-market transactions which created misleading appearance of trading.
McDonald's Relaunches Online Food Ordering Service in North and East India
Connaught Plaza Restaurants Pvt Ltd, which is owned by McDonald's and operates the company's restaurants in the region would now serve food ordered through its McDeliveryTM app and website,
Rupee Slips 7 Paise to 70.63 Against US Dollar in Early Trade
Forex traders said increasing demand for the US dollar vis-a-vis other currencies overseas and rising crude oil prices weighed on the domestic unit.
Centre Likely to Seek Rs 30,000 Crore Interim Dividend from RBI
Government finances have come under pressure due to moderation in revenue collection and a slew of measures taken to lift growth from a six-year low of 5 per cent in the first quarter of the current fiscal.
HDFC Keen to Contribute to Govt's Rs 20,000 Crore Realty Fund, Says Deepak Parekh
Chairman of housing finance major HDFC Ltd Deepak Parekh also said the perception about the entire sector witnessing a slump was wrong as phenomenal sales were happening in the affordable and mid-market segment.
Rs 40,000 Crore MSMEs Due Cleared, Remaining to be Paid by October, Says Nirmala Sitharaman
Nirmala Sitharaman also said that ministries and departments have been asked to provide their detailed capital expenditure plans for the next four quarters to boost growth by giving a push to spending.
From Akshay Kumar to Alia Bhatt — Ten Mainstream Actors Who Have Invested in Start-ups
Indian film actors are the latest to join the start-up bandwagon and it is a win-win for both the sides, as start-ups cash in on the star power and popularity of these actors, who in return seek to multiply their money.
Strides Pharma Suspends Sale of Ranitidine Tablets in US
Ranitidine tablets is amongst the top 5 products sold by Strides Pharma in the US.
PMC Bank Customers do Sit-ins at Branches Demanding Action Over Misappropriation of Public Funds
A few bank employees and customers also held demonstrations outside the real estate developer Housing Development & Infrastructure's (HDIL) office in Bandra.
Relief for Customers after RBI Increases Withdrawal Limit to Rs 10,000 for PMC Bank Account Holders
The RBI had Tuesday imposed a slew of restrictions on the bank for six months, allowing withdrawal of only Rs 1,000 for the bank's depositors, leaving the customers, who are typically not from the well-heeled a worried lot.
Juul Boss Exits Amid Vaping Crisis as Philip Morris, Altria Axe Merger Talks After Regulatory Backlash
The Trump administration in the United States has announced plans to remove all flavoured e-cigarettes from store shelves due to rising popularity among teenagers.
National Company Law Tribunal Asks Jet Lenders to Release Lifeline Funds Within 15 Days
The lenders had in-principle sanctioned Rs 63 crore to the RP and SBI, the lead lender, had reportedly already disbursed its portion of Rs 10 crore.
Global Markets Rattled as Call for Impeachment Inquiry into Trump Increases Political Uncertainty
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.82%, Japan's Nikkei fell 0.63%, while Australian shares fell 0.60%.
Sensex Tanks Over 300 Points; Nifty Tests 11,500
The 30-share index was trading 303.70 points, or 0.78 per cent, lower at 38,793.44 at 0930 hours, while the broader Nifty fell 92.70 points, or 0.80 per cent, to 11,495.50.
