BMW launches M6 Gran Coupe in India

SRINAGAR: BMW, German based luxury carmaker, Thursday launched an all new version of its M6 Gran Coupe, a four-door sports car, in India. The M6 Gran Coupé will be available at BMW dealerships across India as a CBU (Completely Built-Up) unit from Thursday onwards, a company spokesperson said. Besides, the company also announced the opening […]

CBI to examine Ratan Tata and Cyrus Mistry of Tata Sons

NEW DELHI: CBI will examine Tata Sons’ former Chairman Ratan Tata and its current Chief Cyrus Mistry in connection with the agency’s ongoing preliminary enquiries relating to intercepted communications of corporate lobbyist Niira Radia. CBI sources said today the agency would seek clarifications from Tata and Mistry as the agency has named Tata group in […]

Air India, IndiGo, GoAir join latest war over airfares

NEW DELHI: It’s bonanza time for air travellers, with Air India, IndiGo and GoAir Thursday joining the latest war over airfares, launched by SpiceJet which had earned the wrath of DGCA for offering one rupee air fares two days ago. Air India launched a short-term ‘Monsoon Bonanza’ scheme under which tickets on 40 select domestic […]

India sees fall in air traffic demand this February

NEW DELHI: India is the only domestic market in the world to see a decline in air traffic demand this February compared to last year, even as global traffic continued to show “solid” growth in the same month, IATA said on Thursday. India’s domestic air traffic fell 1.8 per cent in February, compared to the […]

Doha Bank to open 1st branch in India

MUMBAI: The second largest Qatari lender Doha Bank will be opening its first branch in India here next month and has set a target of USD 5-billion balance-sheet by the third year of operations. The Qatari lender is the third Arab lender to have operations in the country after Bank of Bahrain and, Kuwait and […]

Microsoft partners with Micromax to offer Windows 8.1 phones

NEW DELHI: Tech giant Microsoft has partnered with India’s homegrown handset maker Micromax to offer Windows 8.1-powered operating system (OS) smartphones in the country, which is considered one of the leaders in emerging markets for smart devices. The deal, that was announced Thursday at Microsoft’s BUILD conference in San Francisco, is expected to intensify competition […]

Company secretaries upset over new rules; seek changes

NEW DELHI: ICSI, the apex body of company secretaries, has urged the government to immediately make changes to rules related to their profession in the new companies law. Upset over the new rules, which have been notified, hundreds of ICSI members also staged a protest today before Shastri Bhavan here, the building that houses the […]

Arise releases Hyundai Xcent in Srinagar

Arise releases Hyundai Xcent in Srinagar

SRINAGAR: Arise, Hyundai Motor’s authorised dealership for the Valley, Wednesday released newly launched Xcent, a sedan based on the Grand i10 platform here at a starting price of Rs 4.81 lakh. The Xcent has been launched in both petrol and diesel variants with the price ranging from Rs 4.81 lakh to Rs 7.56 lakh at […]

RBI grants preliminary bank licenses to IDFC, Bandhan Financial

MUMBAI: The Reserve Bank of India (RBI) on Wednesday said it has given in-principle approval to IDFC Ltd (IDFC.NS) and Bandhan Financial Services to set up new banks in a country where about half of the households do not have access to formal banking services. The RBI said the approval would be valid for 18 […]