Andhra Bank board okays merger with Union Bank of India

PTI|Sep 13, 2019, 09.55 PM ISTBCCLAndhra Bank HYDERABAD: The board of directors of Andhra Bank on Friday accorded in-principle approval for the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India as the anchor bank.

India's $1.4 billion housing fund seen not enough to spur sector

4 billion fund to salvage stalled residential projects is unlikely to revive a sector that’s been the worst hit by the growth slowdown in Asia’s third-largest economy.As part of a broader plan to kick-start the economy, Finance Minister Nirmala Sitharaman announced the setting up of a 100 billion rupee fund to finance middle-income and affordable housing projects.

Maharashtra State Handlooms Corporation signs MoU with Amazon India to launch handloom brand online

57 PM ISTReutersIn the last three years, Amazon said that through its Kala-Haat initiative, it has boarded more over 2400 weavers, co-operatives, artisans and APEX bodies (including National Award-winning weavers) to sell online.Mumbai: Maharashtra State Handlooms Corporation has signed a Memorandum of Understanding (MoU) with Amazon India, as part of the which the ecommerce company will launch handloom products maker, Indrayani Handloom on its marketplace.

Steel tycoon banks on exports as demand plunges in India

41 PM ISTReutersDemand for steel in India could grow at the slowest pace in three yearsBy Swansy Afonso

India’s most valuable steel producer is looking outward as the slowest economic expansion in six years cuts demand in the South Asian country and puts pressure on margins.There has been a substantial increase in inventories, indicating falling demand in the last two months, Rao said in Mumbai.

ril: RIL-BP to kick off India’s first gas e-auction next month

For other fields, the government earmarks the quantity of gas to various industries and the price is set according to a 2014 formula, which the industry says is often non-remunerative.Industry players said the auction by RIL-BP could prove to be a touchstone for the Centre’s proposed gas exchange and indicate whether the domestic gas market is ready for large-scale competitive pricing.

Rajesh Bhandari of A-Class Marble India decodes the DNA of design

Rajesh Bhandari, Director, A-Class Marble India In your opinion, how can we not only make design better, but make it matter?We at A-Class Marble, always aim to elevate the value of our product that we deliver from a basic, functional one to the one that goes beyond.

aviation in India: Airlines, govt discuss the issue of competitive fares

The issue of fares has been raised at a time when the industry is entering into third quarter, which is a high demand period for the airlines.35 AM ISTBCCLRepresentative ImageNEW DELHI: Concerned over sustainability of airlines, the government on Thursday discussed the issue of competitive fares with domestic carriers.

India plans to conduct its own checks on Boeing 737 Max Jets

By Anurag Kotoky

India plans to conduct its own checks and demand simulator training for all pilots before Boeing Co.’s 737 Max jets can fly in the country again, even if the U.

Hiranandani Arm GreenBase inks industrial and warehousing deal with Vestas India

The built-to-suit development will be spread over half a million sq ft at the Industrial and Logistics Park, located within Hiranandani Parks, Oragadam.00 PM ISTBCCLNiranjan Hiranandani, co-founder and MD, Hiranandani Group.

Nestle India to contest fine in Maggi noodles case

FMCGStock Analysis, IPO, Mutual Funds, Bonds & MoreThe fine was imposed for “wrong labelling” on Maggi pack of Rs 15ET Bureau|Sep 11, 2019, 06.58 AM ISTGetty ImagesMaggi returned to stores after a court lifted the restriction.

The millennial angle in India's auto slump

So, does Sitharaman's comment have substance, or was it off the mark?Side by side with passengers cars, the sales of bus & trucks also saw a precipitous 39 per cent fall last month, compounding auto industry's travails.

India Inc unlikely to delay festive bonus despite slowdown

KOLKATA | NEW DELHI: India Inc is unlikely to curtail or delay payout of festival bonus to employees despite the slowdown, raising hope among consumer goods companies and retailers that the move might boost sentiment & drive up purchases in the festive season.The incentive includes either a special bonus for the festive season or a sales incentive or bonus payout for white-collar executives and managers in September-October.

India's fuel demand rises 2.8% y/y in August, at 9-month low

India revised down its fuel consumption for July to 17.68 million tonnes, an increase of 3.

With little policy push, India fails to drive gem and jewellery exports

“In the past seven months, Thailand’s gem and jewellery exports have risen 29.We have also been asking for an ecommerce policy for gem and jewellery exports,” Shah said.

Inside Amazon's new India headquarters, its biggest building globally - ​Amazon's biggest building globally

11 Sep 2019, 01:26 PM IST1/7​Amazon's biggest building globallyWith 49 elevators moving a floor per second and zumba classes for its more than 15,000 employees, Amazon's new Indian headquarters, its biggest building globally, matches its ambitions in a vast but challenging market.In pic: A view of Amazon's world’s largest campus building, in Hyderabad.

Everstone infuses Rs 45 crore into Burger King India

00 AM ISTReutersBurger King India, which runs more than 214 outlets across the country, has no borrowings as of now.Kolkata | New Delhi: Burger King India has received fresh capital infusion of ₹45 crore and a loan facility of ₹150 crore from its parent Everstone Group, the master franchise owner of the American fast food chain in India.

How Flipkart tech mapped India so well

This story is about how Flipkart solved the great Indian address conundrum, to deliver its more than 1-million shipments across all of the country’s 22,000 pincodes every day.(This story originally appeared in on Sep 10, 2019)It’s amazing how e-commerce and logistics companies have mapped India.

Tensions between India & Pakistan 'less heated' now than two weeks ago: Donald Trump

I think (it) is a little bit less heated right now than (what) was two weeks ago," Trump said.I think (it) is a little bit less heated right now than (what) was two weeks ago," Trump told reporters at the White House on Monday.

Suzuki Motor India to hold back investment due to slowdown, BS-VI norms

SMIPL currently has a manufacturing plant in Gurugram with an annual capacity of 10 lakh units.00 PM ISTSuzuki Motor India Pvt Ltd has decided to hold back its planned investments on capacity enhancement due to the ongoing slowdown in two-wheeler sales.

PSU oil cos resume jet fuel supply to Air India at 6 airports

PSU oil firms on Saturday resumed jet fuel (ATF) supplies to cash-strapped Air India following talks mediated by the government, an official spokesperson said.PTI|Sep 07, 2019, 07.