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Bikaji introduces Amitabh Bachchan as brand ambassador

Bikaji Foods International Ltd has signed megastar Amitabh Bachchan as its brand ambassador. The brand-new campaign,‘Amitji Loves Bikaji’, focuses on making the brand the preferred snacking choice for today’s generation. Mr. Bachchan will feature as the face of the brand in a multimedia campaign which will go live from the ... Read More »

Festive respite: Petrol, diesel prices dip for 2nd day

New Delhi, Oct 4 (udaipur kiran) Fuel price rates continued a downward trend for the second day on Friday. Delhi, Kolkata, and Mumbai saw a decline of 18 paisa a litre on petrol and Chennai 19 paisa per litre. Similarly, diesel rates also reduced by 8 paisa a litre in ... Read More »

BPCL’s stake sale may prompt bond redemption: Moody’s

Mumbai, Oct 3 (udaipur kiran) Ratings agency Moodys Investors Service on Thursday said the proposed stake sale of state-run Bharat Petroleum Corporation (BPCL) could sever the company’s links to the government and prompt bond redemption which will be a credit negative. According to the ratings agency, if the stake sale ... Read More »

Bharat-22 ETF: Anchor investors place bids of Rs 13,500 cr

Mumbai, Oct 3 (udaipur kiran) The fourth tranche of Bharat-22 exchange traded fund received an huge response from institutional players on Thursday with the portion reserved for anchor investors garnering bids worth over Rs 13,500 crore, around 27 times the size. The ETF issue that opened on Thursday received subscriptions ... Read More »

IRCTC IPO a huge hit among investors, could raise Rs 645 cr

Mumbai, Oct 3 (udaipur kiran) The initial public offering of Indian Railway Catering and Tourism Corporation (IRCTC)had overwhelming support from investors as it got subscribed 111.91 times on the final day of bidding on Thursday and is expected to raise Rs 645 crore. Department of Investment and Public Asset Management ... Read More »

Darjeeling tea workers to go on mass leave on Friday

Kolkata, Oct 3 (udaipur kiran) Around 75,000-80,000 workers of 87 premier tea gardens known the world over for producing the world-famous Darjeeling tea went on a hunger strike on Thursday protesting against the management refusing to give bonus ahead of the Durga puja festival, the biggest carnival of eastern India. ... Read More »

No mention of real estate loans in PMC Bank’s 2019 report

Mumbai, Oct 3 (udaipur kiran) It was all smooth sailing at the Punjab Maharashtra Cooperative (PMC) Bank till recently before the NPA concealment fraud came into light. The crisis-ridden bank’s annual report for 2018-19 nowhere mentions exposure to any real estate firm and it only talks of MSME lending and ... Read More »

Heavy rains halt operations at Delhi airport

New Delhi, Oct 3 (udaipur kiran) Operations at the IGI Airport here were suspended for around half an hour on Thursday evening due to the heavy rains. Operations remained suspended at IGI Airport between 7.56 p.m. and 8.22 p.m., and four flights got diverted from the airport during this period. ... Read More »

CAIT may now take on brands over online ‘deep’ discounts

New Delhi, Oct 3 (udaipur kiran) The Confederation of All India Traders (CAIT), which has been fighting e-commerce majors head on over deep discounts and sales, may now also take on the retail brands which offer huge discounts in the online segment, unlike in offline stores. Speaking to udaipur kiran, ... Read More »

IndiGo begins direct daily Kolkata-Hanoi flights

Kolkata, Oct 3 (udaipur kiran) India’s leading air carrier IndiGo on Thursday commenced operations to Vietnam, with a daily direct flight between Kolkata and the Southeast Asian nation’s capital Hanoi. Flight number 6E 1398 will depart Kolkata at 12.40 p.m. and reach Hanoi at 4.55 p.m., the airlines said in ... Read More »

Withdrawal limit for PMC Bank depositors now Rs 25,000

Mumbai, Oct 3 (udaipur kiran) The Reserve Bank of India on Thursday raised the withdrawal limit for depositors of Punjab and Maharashtra Cooperative Bank Ltd to Rs 25,000 from Rs 10,000. “The Reserve Bank of India again reviewed the bank’s liquidity position and, with a view to reducing the hardship ... Read More »

PMO for PSU Ferro Scrap’s strategic sale over merger with SAIL

By Subhash Narayan New Delhi, Oct 3 (udaipur kiran) The Prime Minister’s Office has spiked the Steel Ministry’s proposal to merge the Ferro Scrap Nigam Ltd (FSNL) with country’s largest state-owned steel maker, Steel Authority of India Ltd (SAIL), favouring strategic sale of the miniratna public sector company to expedite ... Read More »

Japanese retailer Uniqlo debuts in India

New Delhi, Oct 3 (udaipur kiran) Japanese lifewear retail brand Uniqlo on Thursday made its debut in the Indian market with its first store at Ambience Mall, Vasant Kunj here. The store sprawling over 35,000 square feet over three floors will open for the public on October 4. The brand ... Read More »

HDIL Chairman, MD arrested in PMC Bank case (2nd Lead)

Mumbai, Oct 3 (udaipur kiran) The Chairman and Managing Director of real estate developer HDIL were arrested on Thursday in connection with the Rs 6,500 crore loan default case that has hit the Punjab & Maharashtra Co-operative (PMC) Bank. Accordingly, Rakesh Kumar Wadhawan, the Chairman, and Sarang Wadhawan, Managing Director ... Read More »

Relax fiscal deficit concerns, push for growth: Adi Godrej

New Delhi, Oct 3 (udaipur kiran) Leading industrialist and Godrej group Chairman Adi Godrej on Thursday said the government should not bother about fiscal deficit in slowdown times and should take steps to push growth in the second half of the fiscal while suggesting cut in income tax rates to ... Read More »

HDIL Chairman, MD arrested in PMC Bank loan default case (Lead)

Mumbai, Oct 3 (udaipur kiran) The Chairman and Managing Director of real estate development company HDIL were arrested on Thursday in connection with the Rs 6,500 crore loan default of Punjab & Maharashtra Co-operative (PMC) Bank. Accordingly, Rakesh Kumar Wadhawan, the Chairman, and Sarang Wadhawan, Managing Director of HDIL were ... Read More »

Sensex holds 38k, Yes Bank jumps 33% (Lead)

Mumbai, Oct 3 (udaipur kiran) Sensex on Thursday closed nearly 200 points lower as global markets slid over announcements of tariffs on European goods by the US. The Sensex fell 198.54 points to 38,106.87 and the Nifty settled lower by 46.80 points at 11,313.10 while private lender Yes Bank recovered ... Read More »