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Zydus Cadila gets USFDA nod to sell erectile dysfunction drug

Drug firm Zydus Cadila today said it has received approval for the US health regulator to market Tadalafil tablets, used for the treatment of erectile dysfunction, in the American market.

17 hours ago

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Insurer Aviva India turns to state-run banks on recapitalisation plan boost

Aviva Plc's India life insurance joint venture is raising its exposure to the country's state-run banks as it bets the government's $32 billion plan to rescue lenders burdened with record bad loans.

18 hours ago

Honda Activa
Honda's Activa crosses 20 lakh sales milestone in seven months

Honda Motorcycle & Scooter India (HMSI) today said its flagship scooter brand Activa has crossed 20 lakh unit sales mark in just seven months this year.

18 hours ago

The Bombay Stock Exchange (BSE) logo is seen at the BSE building in Mumbai. (File | Reuters)
BSE to auction investment limits for Rs 8,300 crore corporate bonds

Leading stock exchange BSE has said it will auction investment limits tomorrow, enabling foreign investors to purchase corporate bonds worth over Rs 8,300 crore.

18 hours ago

A man carries empty aluminium tins used for edible oil past a stack of tins at a recycling yard in Ahmedabad. (File Photo | Reuters)
Oil, gas PSU mergers exempt from Competition Commission of India approval

Merger and acquisition deals involving public sector oil and gas companies have been exempted from seeking the Competition Commission approval, says a notification.

18 hours ago

Commerce and Industry Minister Suresh Prabhu (File | AFP)
'Proper' business plan in the works to up exports: Suresh Prabhu

The commerce and industry ministry is chalking out a "proper" business plan based on market research in its bid to promote exports of goods and services, Union minister Suresh Prabhu said.

18 hours ago

The  logo of State Bank of India (SBI). (File photo | Reuters)
SBI Life Insurance Co. bets on metals, oil and gas sectors for investment growth

SBI Life Insurance Co. Ltd has increased investments in the metals, oil and gas sectors as a rise in energy and metals prices is set to drive growth in commodity stocks.

19 hours ago

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Users opting mobile payments exceed 520 million in China

Chinese banks dealt with 8.6 billion payments from mobile services in the second quarter of this year, up 40.5 per cent from a year ago.

20 hours ago

The logo of Samsung Electronics is seen at its office building in Seoul. (Photo | Reuters)
Samsung second largest smartphone brand in UK market

While Apple led the UK smartphone market with just over 34 percent market share despite sales declining sequentially, Samsung has become the second largest brand, slightly behind Apple.

20 hours ago

Jet Airways aircraft. (File photo | Reuters)
Jet Airways plans to scrap first class in its Boeing 777 planes

Jet Airways plans to do away with first-class seats in its Boeing 777 planes that are operated for long-haul flights as it works on cost-cutting measures, a senior airline official said.

20 hours ago

Sahara group supremo Subrato Rai Sahara appear for hearing at Supreme court in new Delhi on Thursday. (Shekhar Yadav | EPS)
Supreme Court to hear Sahara-SEBI case

SEBI had moved the top court, seeking contempt proceedings against the Sahara for allegedly obstructing the process of auctioning its Aamby Valley property in Pune, initiated on court's direction.

20 hours ago

PM Narendra Modi (File | AP)
Better subsidy targeting via technology saved USD 10 billion: PM Narendra Modi

Prime Minister Narendra Modi today said the direct transfer of government benefits using technology, bank accounts and biometric identifier Aadhaar has helped save USD 10 billion in subsidies.

20 hours ago

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Stocks get off to cautious start, IT, realty give support

The stock market made a sedate start today as the benchmark Sensex rose marginally, leaning on renewed domestic institutional buying.

20 hours ago

Banks may increase credit for micro, small or medium enterprise  at 11 per cent compound annual growth rate. (Image used for representation)
‘Bank lending to MSME sector to soar’

Bank credit to the micro, small and medium enterprises sector is likely to expand at 11 per cent compound annual growth rate over the next two financial years, according to CRISIL Research.

22 hours ago

Sundram Fasteners to raise Rs 500 crore

Sundram Fasteners Ltd, part of the USD 7.2-billion TVS Group, will raise up to Rs 500 crore through non-convertible debentures.

23 hours ago

Magma HDI to focus on health insurance

In an attempt to expand its insurance business in India, Magma HDI General Insurance, will enter the health insurance segment by focusing on new products and tapping new consumers.

23 hours ago

Cellular companies seek more time for the implementation of one-time password (OTP) for Aadhaar-based re-verification of mobile subscribers’ SIMs.
Telcos seek more time for Aadhaar verification

The Cellular operators association of India has termed the timeframe to implement new system ‘unrealistic’.

23 hours ago

Supreme Court of India  (Photo | PTI)
Supreme Court restrains directors of Jaiprakash Associate Limited from alienating properties

A bench headed by Chief Justice Dipak Misra accepted a demand draft of Rs 275 crore submitted by the real estate firm today and directed it to pay another two tranches by December 14 and 31.

22 Nov 2017

The logo of the Securities and Exchange Board of India (SEBI) is pictured on the premises of its headquarters in Mumbai. (Photo | Reuters)
Bank of India gets Sebi's nod to raise up to Rs 3,000 crore via Qualified Institutional Placement 

Market regulator Sebi has approved Bank of India's (BoI) proposal to raise up to Rs 3,000 crore through Qualified Institutional Placement.

22 Nov 2017

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National Company Law Appellate Tribunal starts hearing on Mistry firms' pleas against Tata Sons

Mistry is locked in a legal battle with the Tatas since his sacking as chairman of Tata Sons on October 24, 2016, and removal as a director on February 6.

22 Nov 2017

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Government to examine Rs five lakh tax exemption proposal for pensioners

Responding to a letter written by Tharoor, Minister of State for Finance Shiv Pratap Shukla said the suggestion that pension up to Rs 5 lakh per annum should be exempted from income tax.

22 Nov 2017