Business

Adidas opens its largest distribution centre near Delhi

New Delhi: Adidas Group India has inaugurated a new distribution centre called ‘1 DC’ near Delhi, which the company claims to be the largest centralised facility of sporting goods in....

Possible recession within next three years in US: Economists

Washington: A very possible recession within the next three years would take place in the US, economists warned at a meeting of US governors. There is a "100 percent certainty"....

Tax deductible for premium on insuring household property

Chennai: Allowing deduction of premium paid by individuals on insuring their properties and clarity on legal position on non-taxability of technical reserves form part of the wishlist of the non-life....

Budget should fund infrastructure to spur growth: Survey

New Delhi: The Union Budget for the next fiscal (2016-17), to be presented on February 29 by Finance Minister Arun Jaitley, should earmark enough funds for investing in infrastructure that....

Gujarat tourism targets Rs 3,000 crore investment in five years

Gandhinagar: The Gujarat government is expecting investments of Rs 3,000 crore in tourism sector in the next five years, Chief Minister Anandiben Patel said on Saturday. "The state tourism sector....

Health minister rules out possibility of hike in drug prices

Alappuzha: Union Health Minister JP Nadda on Saturday ruled out the possibility of any increase in drug prices due to a hike in import taxes, and said medicines would be....

Currency revaluation attributes in rise of Forex reserves by $345 million

Mumbai: Despite a massive decline in India's reserve position with the International Monetary Fund (IMF), the country's foreign exchange (Forex) reserves kitty grew by $347 million during the week ended....

ONGC to invest Rs 5,050 crore for exploration of more gas in Tripura

Agartala: The state-owned Oil and Natural Gas Corporation (ONGC) has undertaken a Rs 5,050 crore ambitious plan to explore for more gas in northeastern state of Tripura, a top official....

Oil supply witnesses a historic low in US

Houston: The oil rig count continued its downward trend in the United States this week with only 413 still operating, a leading oil field service company said. The number of....

Charoen Pokphand to expand its fast food chicken outlets

Chennai: Thailand-based multi-national $45 billion Charoen Pokphand (CP) group is expanding its quick service restaurant (QSR) Five Star Chicken network in its core Indian markets while adding new items on....

Budget must balance taxation, spending, borrowing: Sinha

New Delhi: Ahead of the national budget for the next fiscal, Minister of State for Finance Jayant Sinha on Saturday said it was necessary to balance what the government manages....

Budget 2016 to focus on poor, progress, jobs: Jayant Sinha

New Delhi: The uplift of the poor, progress of farmers and employment for the youth will be the focus of the upcoming budget, Minister of State for Finance Jayant Sinha....

Key Indian equity indices drift lower after positive start

Mumbai, Oct 8, Key Indian equity induces opened in the positive territory on Thursday but soon drifted lower due to negative cues from other Asian markets.   The sensitive index....

Bridgestone launches unique fuel-efficient tyre range

New Delhi: Rubber and tyre company Bridgestone India on Wednesday launched its tried and tested fuel-efficient Ecopia series of tyres in the country.   The company said that its Ecopia....

Kingfisher sold to Heineken for Rs. 872 crore

NEW DELHI: In a surprising business move, Dutch brewer Heineken has recently bought United Spirits' 3.21 stake in Kingfisher beer maker United Breweries. Heineken has paid an amount of Rs.....