TODAY'S TOP BUSINESS HEADLINES

Private Banks Continue To Gain Deposit Share At Cost Of Public Sector Peers
Private lenders continued to attract a larger share of incremental deposits flowing into the banking system in the twelve months to December 2018, shows ...

PSU banks' loan portal off to a flying start
BENGALURU: PSBLoansin59minutes.com, an online loan approval platform connecting public sector banks with small and medium enterprises (SMEs), has ...


Mallya's defiance prompts Sebi to seek changes to Companies Act
NEW DELHI: Capital markets regulator Sebi has asked the government to amend the Companies Act to ensure that a director declared by it as a disqualified ...

Mallyas defiance prompts Sebi to seek amendment in Companies Act
Capital markets regulator Sebi has asked the government to amend the Companies Act to ensure that a director declared by it as a disqualified person should ...


China to pass new foreign investment law in a hurry to meet Trump demands to end trade war
The US and China are locked in a trade war since Trump imposed heavy tariffs on imported steel and aluminium items from China in March last year, a move ...

US and China said to appear close to deal to roll back tariffs
Washington DC: The United States and China appear close to a deal that would roll back U.S. tariffs on at least $200 billion worth of Chinese goods, as Beijing ...


Tesla Model Y SUV debut on 14th March - Will be smaller than Model X
Tesla Model Y SUV will make its global debut on 14th March, reveals Elon Musk. Test drives will also be offered at the debut event.

Tesla Model Y to be Unveiled on March 14, says Elon Musk
Tesla Inc will unveil its Model Y on March 14 at an event in LA Design Studio, Chief Executive Elon Musk said on Twitter.


India Inc foreign borrowing down 45% at $2.42 billion in January
India Business News: Of the total borrowings during the month, $2.27 billion was raised through the automatic route of the ECBs. The remaining $150 million ...

India Inc foreign borrowing down 45% at $2.42 bn in January
Of the total borrowings during the month, USD 2.27 billion was raised through the automatic route of the ECBs.


Crude Oil Prices - Weekly Outlook: March 4 - 8 By
Investing.com - Oil traders will stay fixated on global crude supplies and the outlook for energy demand in the week ahead after disappointing manufacturing ...

Oil rises on US-China trade deal hopes, OPEC's ongoing supply cuts
International Brent futures were at $65.36 a barrel at 0446 GMT, up 29 cents, or 0.5 percent, from their last close.


Air India, Vistara scrap agreement to accommodate flyers with cancelled Jet Airways tickets
Air India and Vistara have terminated the agreement to accommodate flyers with cancelled flights by Jet Airways. The struggling airline has reportedly grounded ...

Jet grounds 2 more planes, total 23 out of operations
Now, almost 20% of its fleet is out of commission. Beleaguered airline Jet Airways has grounded two more of its aircraft due to non-payment of lease rentals, ...


‘Tata Hornbill’ Micro-SUV Officially Teased Ahead of Tomorrow Unveiling
Tata's micro SUV codenamed Hornbill could get production name as 'Tata Shikra' and is expected to be launched in India sometime next year.

First Tata Hornbill micro-SUV teaser out
First image of the Tata Hornbill micro-SUV hints at its boxier, more upright stance. Click to read.


Can M&M's Glyd electric vehicles disrupt Ola, Uber's India ride?
After years of a virtual duopoly, the Indian app-based ride-hailing market is witnessing a disruption of sorts. So what exactly does last month's launch of ...

Fame without fortune: New scheme will nudge EVs towards better battery tech but impact limited vehicles
The history of EV incentives in India throws up unfulfilled promises. FAME-II needs to live up to its “INR10,000 crore” commitment to change that.

Globally, central banks turn dovish but India, China show a different way | Business Standard News
China and India stumble into monetary leadership
Read more about China and India stumble into monetary leadership on Business Standard. In the monetary cosmos, at least, it feels like there's alignment.


Entry-Level Variant Of New Maruti Ertiga Diesel To Be Discontinued Soon
Maruti has decided to discontinue the base diesel variant of the latest generation Maruti Ertiga MPV from next month.

Maruti Ertiga LDi discontinued ahead of 1.5 diesel launch
New Ertiga MPV with 1.5-litre diesel to be launched soon; will be offered on VDi and ZDi variants.


Ted Baker founder & CEO Ray Kelvin quits amid 'forced hugging' row
NEW DELHI: Ray Kelvin, founder and chief executive of British fashion retailer Ted Baker Plc, resigned on Monday following misconduct allegations related to ...

Ted Baker CEO Ray Kevin resigns after misconduct allegations
Ray Kelvin took a voluntary of absence in December as Ted Baker hired Herbert Smith Freehills to probe misconduct allegations.Kelvin was accused of ...


9% on 3-year fixed deposit, 8.75% for 2 year: Check out these higher interest paying FD options
Here is a list of banks that offer the best rates on fixed deposits for 1-year, 2-year, 3-year and 5-year.


ED quizzes Chanda Kochhar, Nishant Kanodia in loan irregularity case
The Enforcement Directorate (ED) on Sunday questioned former ICICI Bank Chief Executive Officer and Managing Director (CEO&MD) Chanda Kochhar for ...

ICICI-Videocon loan case: After questioning, Deepak Kochhar and Venugopal Dhoot leave ED office post midnight
Mumbai: After intensive questioning by the Enforcement Directorate, Deepak Kochhar and Venugopal Dhoot left the Mumbai office of the investigating agency ...

Application for SBI's PPF account can be submitted online.
How To Open SBI Public Provident Fund (PPF) Account Online
A Public Provident Fund (PPF) account is considered among the most sought after investment products by financial advisors. Offered by various institutions ...

Power of compounding: Here’s what Rs 1 lakh per annum in MF, PPF, PF, FD does to wealth creation
Compounding may do wonder to your investments if adequate time is given. Longer the duration, the greater would be the wonder of compounding.


HDFC Bank hikes late fee on credit card bill payment
HDFC Bank has revised the charges for late payment of credit card bill with effect from April 1, 2019. The late payment charges will be applicable for all cards ...

HDFC credit card holders alert! This charge is being revised from April 1, 2019
For a healthy credit profile and to keep the credit score high, make sure not to roll over the outstanding balance on the credit cards on to the next month.


Gold gains as dollar wilts on Sino-US trade deal hopes
Spot gold was up 0.3 percent at $1296.61 per ounce as of 0352 GMT, after touching its lowest in more than a month at 1289.91 in the previous session.


India’s 1st and Only Kawasaki Ninja H2R Worth Rs 72 Lakh Delivered
The Ninja H2R is priced at Rs 72 Lakh (ex-showroom) in India and the bookings were opened last year. This the only unit sold so far in India.

Kawasaki Ninja H2R service interval is in hours - 1st customer takes delivery
India's first ever customer has taken delivery of the new Ninja H2R. It is priced from Rs 72 lakhs, is not road legal, has 400 kmph top speed.


Tata Hornbill SUV teased ahead of debut - Smaller than Nexon, to take on Ignis
Tata Hornbill SUV has been teased. It will be the smallest SUV in Tata line-up, and will sit below Nexon. It will rival Maruti Ignis.

New Maruti Suzuki Wagon R Lxi CNG Detailed Walkaround
2019 Maruti Suzuki Wagon R CNG is sold only in two entry-level trims and it has claimed mileage of 33.45 km/kg.


Next-Gen Mahindra Scorpio To Be Powered By New 160hp 2.0L Diesel Engine
By 2021, the Mahindra Scorpio, Mahindra Thar and the Mahindra XUV500 are expected to see a generation change.

New Mahindra Scorpio to be more POWERFUL than XUV500!
Mahindra is currently working on many next-generation SUVs for the Indian market. While we have already seen the all-new Thar testing under a heavy ...


New online banking fraud: RBI warns of mobile app that can steal money from your account
In a new banking fraud in India, criminals are now looking at ways to convince people to download remote device control apps like AnyDesk. The Reserve Bank ...


Tata H7X render based on teaser - Harrier 7 seater rear profile imagined
Just 1 day to go for 2019 Geneva Motor Show, where the new Tata H7X SUV based on Harrier will make global debut along with Altroz.

Tata Motors' Harrier to be their lead brand for VIVO IPL 2019
The Board of Control for Cricket in India (BCCI) today announced that IPL Official Partner TATA Motors will promote their newly launched SUV - Harrier as their ...

The Range Rover Sentinel is identical to the Autobiography in terms of refinement and appearance.
2019 Range Rover Sentinel Revealed
The 2019 Range Rover Sentinel gets a bigger engine along with an improved chassis and is identical to the Range Rover Autobiography in terms of design, ...

2020 Range Rover Sentinel armour debuts with bullet and bomb proof protection
Land Rover Special Vehicle Operations has revealed the Sentinel, an armoured Range Rover that sports the very latest in occupant protection. Set to be ...


Airtel 4G recharge: Check these mind-boggling data plans
Airtel 4G data recharge plan: These are the best Airtel data recharge plans.


Fintech platform Jai Kisan raises $1.5 million funding led by Blume Ventures
Mumbai-based fintech platform Jai Kisan has raised $1.5 million seed funding led by Blume Ventures, Prophetic Ventures, Harshbeena Zaveri (NRB Bearings), ...


TRAI asks DTH firm Independent TV to justify tariff plans against new framework
New Delhi: Broadcast regulator TRAI has written to DTH operator Independent TV (formerly Big TV) asking it to justify its current tariff plans in the backdrop of the ...

TRAI asks DTH firm Independent TV to justify current tariff plans against new framework
The regulator flagged the issue after it received several consumer complaints over lack of clarity on tariff plans and their break-up details for monthly charges, ...


Tata Sons rejigs businesses into ten verticals
MUMBAI: Tata Group holding company Tata Sons has restructured the $104-billion conglomerate into 10 verticals such as consumer, trading and investments.

Tata Sons restructures group into 10 verticals; move to help coordinate operations & cut costs: Report
This move may help the 100 companies operating under Tata Sons coordinate operations and will also help pare down costs.


Reliance Buys Logistics Startup Grab For $14.9 Mn To Power Ecommerce Ambitions
With this, Reliance will control 83% equity of Grab. The company said Grab will support its digital commerce initiatives. Reliance will further invest $5.63 Mn in ...


Cruise workers say they have so much sex on ships that it's comparable to college dorms
Mikhail Starodubov/ShutterstockCruise ships foster an intense hookup culture.Sex among cruise ship workers is pervasive, current and former cruise ship ...



TVS Apache RTR 160 ABS Goes On Sale; Priced At Rs. 85,479
TVS Motor Company has updated the Apache RTR 160 with a single-channel ABS unit ahead of the March 31 deadline for installing the safety feature. The TVS ...

This $22-bn below-the-radar govt funding is spooking India's bond market | Business Standard News
This $22-bn below-the-radar govt funding is spooking Indias bond market
India's economy is slowing, inflation is sputtering and the central bank is cutting interest rates. But the cost of long-term money is refusing to budge. The reason ...

Reliance Jio's 2-3 GB data packs are priced between Rs 198 and Rs 498.
Reliance Jio 2, 3 GB Internet Packs: Prices, Recharges, Benefits, Details Here
Reliance Jio internet plans: Reliance Jio is offering various recharge packs for its prepaid subscribers. Reliance Jio, which offers telecom services under brand ...

Reliance Jio Latest Plans: Rs 1699 vs Rs 399 vs Rs 149 vs Rs 349 vs Rs 449 compared - Benefits, all details
Reliance Jio Latest Plans: There is a cut-throat competition when it comes to the telecom industry and the companies are on their toes to keep up with it.


Royal Enfield Bullet Trials 350 & 500 India Launch On March 12
Royal Enfield Bullet Trials will come with a raft of changes compared to the standard range and as per our source, RE to launch it on 12th March.


GMR Hyderabad International Airport divests stake in flight training arm
"GHIAL...has divested its 100 per cent stake in its subsidiary namely Asia Pacific Flight Training Academy Ltd (APFTAL) to a third party, for a token consideration ...


Qualcomm launches patent challenge to Apple ahead of antitrust case
Qualcomm alleges in Apple violated three of its patents, and is asking for tens of millions of dollars or more in damages.


Fantasy sports to help reduce betting in the long run: Report
Among the most preferred sports in online gaming, cricket topped the list with 71 percent, followed by 54 percent playing football.


Flipkart to charge more from vendors in apparel category
The Walmart-owned e-commerce giant Flipkart has increased the commissions it charges from vendors in the apparel category, a month after the latest FDI ...

Flipkart Fashion and Myntra-Jabong see top level rejigs
Amar Nagaram, the newly elevated CEO of Myntra-Jabong entity will report to Flipkart fashion head, instead of Group CEO Kalyan Krishnamurthy.

Sensex, Nifty weekly forecast: INR vs USD, FPI inflows, macro data, crude oil prices to steer stock market
New Delhi: In the absence of any immediate key triggers, the domestic equity market would be guided by macro-economic data, crude oil prices, foreign fund ...

Stocks movement to hinge on macro data, oil, foreign fund inflows this week: Analysts
NEW DELHI: In the absence of any immediate key triggers, the domestic equity market would be guided by macro-economic data, crude oil prices, foreign fund ...


Airtel Foreign Pass: What is it, plans and how to avail
Airtel Foreign Pass is the international roaming prepaid plan that offers calling benefit at cheap prices. These plans are for users traveling abroad who have to ...

Is There a Need to Recharge Prepaid Talk Time Plans in 2019?
In 2018, amidst the falling revenues and declining profits, the private telecom operators decided to take an audacious step and did away with the talk time ...

Swedish home furnishing multinational IKEA opened its first India store in Hyderabad in August last year.
False Fire Alarm Triggers Panic At IKEA Store In Hyderabad
A fire alarm at the IKEA store in Hyderabad on Sunday night triggered panic and led hundreds of customers and employees to rush out of the store, police said.


US lobbying against us in India: Huawei
BARCELONA: Huawei has accused the US of lobbying against it in India, but said India hadn't expressed any concerns on the telecom equipment so far.


March is going to be a huge month for the world economy
March is shaping up as pivotal for the world economy. The coming weeks are set to offer clarity on a US-China trade deal, Britain's fate within the EU and any ...

China congress, US jobs data, ECB sets rates
China takes centre stage this week when premier Li Keqiang announces the government's 2019 economic growth target and five-year development plan at the ...


Carpocalypse now: Lyft's founders are right - we're already in the endgame for cars
Luis D'Orey / ReutersAutomobiles are driving off into the sunset.The Lyft IPO is all about destroying car ownership as we know it.Car sales in Britain declined.

Here's what you need to know before you invest in Lyft's IPO
Some big-name companies are planning to make public market debuts this year. And while many investors want in, there are some things to think about before ...


Toyota Innova G Plus variant now available at Rs 15.57 lakhs - CarWale
Toyota has introduced a new base G Plus variant for the Innova Crysta.

New Base Variant Innova Crysta G Plus Launched At Rs 15.57 Lakh
Toyota has launched a new entry-level variant for the Innova Crysta. Christened G Plus, the variant is priced at Rs 15.57 lakh for the 7-seater and Rs 15.62 lakh ...

For now, JSW Steel will have to solo for acquisition of Bhushan Power
JSW Steel will not be able to seek an equity partner in initial stage of acquisition of Bhushan Power and Steel, says CFO.JSW Steel is the highest bidder for ...

JSW Steel to take over BPSLs operations by month end: Sajjan Jindal
JSW Steel, which has successfully bid for the stressed assets of Bhushan Power and Steel (BPSL), hopes to take over the operations of the company by the end ...


How Jaguar's Indian Revival Choked on European Diesel Fumes
(Bloomberg) -- The purchase of the storied Jaguar and Land Rover auto brands in 2008 handed India's Tata Group a challenge that had long frustrated Ford ...

Blame hubris for Jaguar Land Rover's misfire
The Tata Group is exploring options for its iconic Jaguar Land Rover.


Your Wait For The Jawa Perak Just Got A Bit Longer
Bookings for the Jawa Perak got delayed, and here's why.


Bill Gross Sees ‘Much Less’ Alpha in Era of QE and Quant Trading
Think of it as a parting shot to anyone hoping to be the next king of bonds. Bill Gross, who defined his investing career by beating benchmarks, says the era of ...


Switzerland is redesigning one of world’s most valuable currency note
The revamping of the top Swiss currency note comes against international criticism of such large denomination notes of world's top currencies aiding crime and ...

SNB reports a loss of CHF 14.9 billion for the year 2018
For some perspective, the SNB posted a profit of CHF 54.4 billion in 2017 said profit accounted for around 8% of Swiss GDP But through creative accounting, the ...


Tata Harrier to Maruti WagonR: Popular cars with the longest waiting periods & their alternatives
Some cars can be had within a week of their bookings while for some, it may take more than three months to be delivered. Here is a list of some popular cars ...

Maruti Gypsy production stops - Ertiga LDi discontinued from line up
After being in production for over 33 years, production of Maruti Gypsy has finally come to an end. Maruti has revealed the same to their dealers.


Trump Says Dollar Too Strong in Renewed Criticism of Powell
President Donald Trump said Saturday that the U.S. dollar is too strong, and took a swipe at Federal Reserve Chairman Jerome Powell as someone who “loves ...


LensKart Invests $10 Mn With An Eye On Underserved Contact Lens Market
Faridabad-based optics solution provider LensKart has allocated $10 Mn towards building its contact lenses business, especially to fuel its product innovation, ...

Lenskart budgets $10 million for its AquaLens contact lens business
Lenskart has earmarked $10 million (about Rs 71 crore) towards building its contact lens business, with the TPG-backed, omni-channel eyewear solutions ...


You still bear e-pay surcharge on govt & utilities websites
India Business News: MUMBAI: Several government agencies and public utilities are disincentivising e-payments by refusing to bear transaction costs charged ...

What is minimum amount due on credit cards?
Paying just the minimum amount is okay if you are doing it for a genuine reason and only rarely, but never make it a practice.Ideally, you should not use more ...


Last day! Book Mumbai to Maldives flight tickets from Rs 7,399 for travel in June 2019; check other routes
GoAir, the Mumbai-based airline, has announced a promotional offer under which the budget carrier is offering discounted flight tickets on selected domestic and ...


How Jaguar’s Indian revival choked on European diesel fumes
The purchase of the storied Jaguar and Land Rover auto brands in 2008 handed India's Tata Group a challenge that had long frustrated Ford Motor Co., the ...


BHEL installs first solar EV charging station on Delhi-Chandigarh highway
New Delhi: State-owned engineering and manufacturing giant Bharat Heavy Electricals Ltd (BHEL) today announced it has installed the first solar electric ...

Soon, charge your e-car on Delhi-Chandigarh highway on BHELs network
State-run Bharat Heavy Electricals Ltd on Monday said the company is setting up a network of solar-based electric vehicle chargers on the Delhi-Chandigarh ...


France Plans 5% Digital Tax as Governments Chase Internet Giants
(Bloomberg) -- France intends to tax the revenue of about 30 Internet giants such as Amazon.com Inc. to help ensure “fiscal justice,” according to Finance ...

France plans 5% digital tax on internet giants
France intends to tax the revenue of about 30 Internet giants such as Amazon.com Inc. to help ensure “fiscal justice,” according to Finance Minister Bruno Le ...


Larsen & Toubro lnfotech completes acquisition of Germany's Nielsen+Partner
Last month Larsen & Toubro lnfotech had announced the acquisition of Germany's Nielsen+Partner for EUR 28 million (approx Rs 224.15 crore).


Tata Harrier and H7X Might Get A 1.6L Turbocharged Petrol Engine
The Harrier and H7X might get a newly developed 1.6 L four-cylinder turbocharged engine and the company is also working on Harrier AT.

Tata H7X Harrier SUV spied testing with Nexon and Safari Storme
Tata H7X will be making its public debut at the 2019 Geneva Motor Show, starting on 5th March. It will be seen at the Tata Motors stall along with the Altroz, ...


MG Hector SUV caught testing in India, launch in June 2019
MG will have 100 sales and *service* touchpoints in place by May 2019 - Overdrive.

What is MG Motors? Key things you should know
The first car in the lineup is going to be the MG Hector, which has its share of work cut out already.


How Spotify’s India Launch Whipped up a Social Media Storm
Spotify India: Music streaming *service* platform Spotify launched in India and ever since, it has only been receiving love from all quarters. Comedian Karan ...

India Is A Prize For Spotify, But This Week Shows It Won't Be Easily Won
Spotify just launched in India, but thanks to a spat with publisher Warner/Chappell, the process is proving to be much more difficult than anyone expected.


Paytm launches subscription-based loyalty programme to boost customer retention
Paytm is launching a subscription-based rewards and loyalty programme-- Paytm First-- which bundles up offers from top internet companies including annual ...


Voltas eyes 20% of home appliances market pie by 2025
Voltas, which is the largest player in the AC segment, is also investing over Rs 500 crore to set up a manufacturing facility at Tirupati in Andhra.


Yellow metal and rupee: The curious case of higher gold prices in India
Trade negotiations over tariffs between the US and China are underway and any movement therein will impact the currencies which in turn will have an effect on ...


Buy stocks if Nifty corrects to 10,800-10,700
SU banks, Fertilizer, Cement and Pharma sectors are expected to show strength in the coming weeks.

Nifty likely to inch higher, deploy 'Bull Call Spread' in a truncated week: Quantsapp
The upcoming weekly series has strong put writers at 10800 that is acting as immediate support for the market.


BluArmor BluSnap2 launched in India at Rs 2,299
Bangalore based AptEner Mechatronics has launched the new-generation helmet cooler in its BluArmor range called the BluSnap2. The company mentions that ...

BluArmor BluSnap2 helmet cooler launched at Rs 2,299
The full-face helmet water-based cooler is lighter and smaller than its predecessor.


DoT in talks with FinMin for splitting TCIL IPO via piggyback listing
The Department of Telecommunications (DoT) in consultation with the Finance Ministry plans to split the initial public offering involving 25 per cent ..


Toyota Innova Crysta 2.4 G Plus Launched In India, Priced at Rs. 15.57 Lakh
Toyota introduced a new entry-level G Plus variant in Innova Crysta, powered by 2.4 L MT diesel engine with the option of 7 and 8 seat configurations.

Toyota Innova Crysta G Plus Variant Launched In India; Priced At Rs. 15.57 Lakh
Toyota Kirloskar Motors (TKM) has silently introduced a new entry-level variant on the popular selling Innova Crysta MPV. The model is now offered in a new G ...


Voi Technology bags another $30 million to expand its electric scooters across Europe
Voi Technology, a Sweden-based electric scooter startup, has raised a *fresh* $30 million, taking its total money raised to $83 million in 7 months.


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