Business

IKEA Group CEO Jesper Brodin said the opening of its first Indian store in Hyderabad marks a milestone in the company's journey here which began over three decades ago through sourcing of products.

Net loss was 9.40 billion rupees ($136.72 million) for the three months to June 30, compared with a profit of 3.43 billion rupees a year earlier, the bank said in a statement.

Nooyi, one of the most powerful and influential business leaders in the world, was regularly featured on the power lists compiled by Forbes and Fortune magazines.

The market rally was driven by strong activity on the metal, oil and gas, PSU, infrastructure, banking, FMCG and capital goods counters, rising up to 0.88 per cent.

This interim compensation, not exceeding 20 per cent, may be paid under certain circumstances, including where the drawer pleads not guilty of the accusation within 60 days of the trial court's order to pay the compensation.

The court said while Mumbai was considered the financial capital of the country, the city-based DRT, which dealt with debt-recovery cases involving banks, financial institutions and their customers, was non-functional for over a month.

China's probe focuses on stainless steel billet and hot-rolled stainless steel plate, according to a statement from the commerce ministry.

Federal Bank already has representative offices in Abu Dhabi and Dubai, and its desire to expand comes even as a majority of its larger peers are downsizing their overseas presence following the Rs 13,500-crore Nirav Modi scam and poor asset quality back...

The process to raise fund will be subject to all necessary approvals of RBI, SEBI, the central government and shareholders of the Bank, it said.

Indian rupee collapsed to a life-time low of 69.12 against the US dollar after the Chinese central bank weakened its daily reference rate for the yuan by the most in two years.

The European Commission has proposed a combination of a quota and a tariff to counter EU concerns that steel products no longer imported into the United States would instead flood European markets.

Most of the Asian markets were down as data showed growth in China's economy slowed in the second quarter amid concerns over the impact of heated China-US trade war.

In a majority order passed by four members, the CCI concluded that there was no violation of competition norms by Google. However, Competition Commission of India (CCI) Chairperson D K Sikri passed a dissent note.

Snapchat had at its initial public offering last year offered shares without any voting rights.

Since 1st April 2018, a lot of changes have come to effect including penalty on late filing of ITR as well as reduction in the time-limit to revise your ITR.

The core net interest income rose 20 per cent to Rs 2,122 crore on the back of a 29 per cent loan growth, while the non-interest income moved up to Rs 1,301 crore from Rs 1,167 crore in the year-ago period.