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25 September, 2017 4:24 PM Tata Capital divests forex, travel arms

Tata Capital has signed a definitive agreement to divest 100% of its shareholding in its wholly-owned subsidiaries Tata Capital Forex Ltd. (foreign exchange) and TC Travel and Services Ltd. (travel services) to Thomas Cook (India) Ltd. for an unspecified amount. “These companies will continue to run under the Tata Capital management, in consultation 20

25 September, 2017 3:05 AM Safety match producers for 12% GST

In the wake of the Goods and Service Tax (GST) rollout, the market for safety matches has shrunk, say industry stakeholders. The GST payers can hardly afford the increased tax burden, and the sale of matches has come down by 25%, J. Devadoss, secretary, South India Match Manufacturers Association, told The Hindu on Sunday. Bundles of match boxes are piling 24

24 September, 2017 7:37 PM Devotee rush increases at Durga temple

The turn out of devotees increased considerably on the fourth day of the Dasara festivities at th Kanaka Durga temple here on Sunday. The rituals began with suprabhata seva at 3 a.m. and continued upto 8 a.m. The priests offered bala bhoga nivedana and performed regular poojas. The rush suddenly increased following closure of schools and colleges for the Dasara 11

24 September, 2017 10:28 AM Maruti's Dzire overtakes Alto as best-selling model in August

New Delhi: Maruti Suzuki India's compact sedan Dzire, in its new avatar, became the best-selling model in the country for the first time in August, taking the pole position from its sibling Alto. As per the latest data from Society of Indian Automobile Manufacturers (SIAM), seven out of top 10 best-selling passenger vehicle models in August were from the stable 28

24 September, 2017 7:42 AM Mattis’ India visit aimed at taking Indo-US defence ties to next level

US Defence Secretary James Mattis will seek to take the India-US defence ties to the next level during his visit to India this week, with discussion on F-16s and the security situation in the region likely to dominate the agenda. Firmly of the view that a stronger India — both in terms of military and economy — is in America’s national interest, Mattis 38

24 September, 2017 7:41 AM PM Modi in Mann Ki Baat: Khadi not a cloth, but a movement to help the poor

Khadi and Village Industries Commission is a statutory organisation engaged in promoting and developing Khadi and village industries Prime Minister Narendra Modi on Sunday referred to Khadi not as a cloth but a "movement" which should be taken forward as a campaign. Stating that he has observed a surge in the people's interest towards Khadi, the Prime 26

23 September, 2017 2:47 PM Amazon to invest Rs 179.25 crore in Shoppers Stop

Retail major Shoppers Stop today said Amazon.com NV Investment Holdings LLC will invest Rs 179.25 crore in the company. Shoppers Stop's board has approved the issuance of 43.95 lakh equity shares of Rs 5 each at price of Rs 407.78 per piece to Amazon.com NV Investment Holdings LLC for Rs 179.25 crore on preferential basis in a meeting held today, Shoppers 33

22 September, 2017 6:50 PM NDTV denies inking agreement with Ajay Singh

MUMBAI: Amid media reports of a possible takeover of New Delhi Television by SpiceJet’s Ajay Singh, the news broadcaster said it has not entered into any agreement for a stake sale. Sources at NDTV, however, told ET that the two parties had been discussing a deal for some time now, but nothing had been finalised yet. Media reports earlier claimed that Singh 30

22 September, 2017 10:07 AM Closing Bell: Sensex ends nearly 450 pts lower, Nifty breaches 10,000; midcaps tank

3:30 pm Market at Close: Equity benchmark indices witnessed a carnage on Friday, with the Sensex ending nearly 450 points lower, while the Nifty breached 10,000-mark, falling over 150 points. The Sensex closed down 447.60 points at 31922.44, while the Nifty ended lower by 157.50 points at 9964.40. The market breadth was negative as 524 shares advanced 35

22 September, 2017 8:05 AM Ratan Tata to have loudest voice if Tata Sons defaults on dividend payouts

In event of default, the voting rights of Ratan Tata would go up to 31.43% from 0.83% as preference and equity capital will be considered together Tata Sons Chairman Emeritus Ratan Tata is set to have the greatest say in case the company defaults on dividend payment to shareholders for two years or more. Under the new structure approved by the company’s 62