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update 02 Jul 02:20 PM open_in_new  EconomicTimes

Kalyan Jewellers appoints Sanjay Raghuraman as CEO


Sanjay Raghuraman had joined Kalyan Jewellers in 2012, when the company began its journey of accelerated growth by expanding operations outside of South India. He was the head of operations at HDB Financial Services Limited prior to joining Kalyan Jewellers.

update 02 Jul 02:09 PM open_in_new  EconomicTimes

IndiGo to give 25% discount on airfare to doctors and nurses till year-end


Passenger loads continue to be low in domestic flights, the operations of which resumed on May 25 after a gap of two months. Civil Aviation Minister Hardeep Singh Puri said on Twitter on Thursday that 71,471 passengers travelled on 785 flights on July 1. This means, on an average, there were 91 passengers in a plane on Wednesday.

update 02 Jul 01:56 PM open_in_new  EconomicTimes

Honda drives in updated version of WR-V priced at Rs 8.5 lakh


"We constantly work towards creating products that appeal to our customers and are extremely delighted to introduce the new WR-V with bolder new looks and feature enrichments," Honda Cars India Ltd (HCIL) President and CEO Gaku Nakanishi said in a statement.

update 02 Jul 01:30 PM open_in_new  EconomicTimes

Will assess feasibility of conducting CA exams amid spike in COVID-19 cases, ICAI tells SC


The ICAI's counsel told a bench headed by Justice A M Khanwilkar that cases of coronavirus have increased and some of the states have extended the restrictions imposed amid the spike in the number of infection.

update 02 Jul 01:23 PM open_in_new  EconomicTimes

Coal India trade unions begin 3-day strike; around 4 MT of coal output likely to be hit


The unions on Thursday went on the strike from the first shift which begins at 0600 HRS, Nathulal Pandey, president of HMS-affiliated Hind Khadan Mazdoor Federation said.

update 02 Jul 12:40 PM open_in_new  EconomicTimes

Banking Act amendment is credit positive for depositors, says Moody's


Yes Bank was the latest to be put under moratorium on March 5 after it failed to raise capital in time. Depositors could not withdraw more than Rs 50,000 from their accounts. Also, electronic transactions to and from Yes Bank accounts were frozen, causing some borrowers to miss their monthly payments. Moody's said the new amendments will help depositor confidence.

update 02 Jul 12:14 PM open_in_new  EconomicTimes

Export roadblocks big worry for vehicle companies


The three markets of Bangladesh, Sri Lanka and Nepal, which already have country-specific issues, are also refusing to open up Letters of Credit (LOC) in US dollars, which has left Indian players miffed.

update 02 Jul 12:01 PM open_in_new  EconomicTimes

Royal Enfield records 35 per cent decline in June sales


The company had registered total sales of 58,339 units in the same month a year ago, Royal Enfield said in a late night statement on Wednesday.

update 02 Jul 11:29 AM open_in_new  EconomicTimes

HFCs better placed than other NBFCs in terms of asset quality: Report


“Portfolio under moratorium for some large NBFCs is as high as 70- 80%, with the sectoral average of about 52%, while for HFCs the average is about 28% " said A M Karthik, Vice President and Sector Head, Financial Sector Ratings ICRA "The additional covid-19 -related provision carried by NBFCs is about 0.7% (of the AUM), while for HFCs is about 0.2%."

update 02 Jul 11:19 AM open_in_new  EconomicTimes

Bajaj Auto reports 31% drop in June sales


Domestic sales declined by 34 per cent at 1,51,189 units last month as compared to 2,29,225 units in June 2019, Bajaj Auto said in a regulatory filing.

update 02 Jul 10:54 AM open_in_new  EconomicTimes

UPI payments hit all-time high of 1.34 bn transactions in June


UPI payments had fell to 999.57 million in terms of volume with transactions worth Rs 1.51 lakh crore in April, following the coronavirus-induced lockdown that halted almost all services, except essentials. Online payments slowly gathered pace from May, with staggered opening of the economy.

update 02 Jul 10:44 AM open_in_new  EconomicTimes

Asia’s oldest railway finally seeks private money to run trains


The project will entail an investment of about $4 billion and will cover 109 destinations.

update 02 Jul 10:44 AM open_in_new  EconomicTimes

India seeks private funds to run passenger trains for first time


The project will entail an investment of about $4 billion and will cover 109 destinations.

update 02 Jul 10:25 AM open_in_new  EconomicTimes

Data theft, security issues key in selecting 5G vendors


A day after the US communications department tagged Chinese telecom vendors Huawei and ZTE as a “national security risk”, government sources here asserted that concerns over data theft and security implications will shape the crucial call on deciding 5G vendors for India.

update 02 Jul 10:19 AM open_in_new  EconomicTimes

Educational Initiatives brings on board Garima Gupta as CFO


Garima Gupta has worked in leading multinational companies including Bharti Airtel, Sony, Genpact and start-ups Nxtra Data, Runnr. Before joining Educational Initiatives, she was the CFO at Runnr, which was acquired by Zomato.

update 02 Jul 08:48 AM open_in_new  EconomicTimes

ED moves SC to challenge NCLAT's power to lift attachment order against Bhushan Power


The central agency’s move comes after BPSL’s committee of creditors (CoC) asked JSW Steel to implement the resolution plan it had proposed for the bankrupt company. The CoC had moved the Supreme Court earlier this month seeking direction on implementing the resolution plan.

update 02 Jul 07:57 AM open_in_new  EconomicTimes

Indian Railways to upgrade speed of trains at 130 km/hr on two long routes


Speaking on the issue, Member (Signal & Telecom), Railway Board Pradeep Kumar said, "The Delhi-Howrah and Delhi-Mumbai routes are almost ready for fitness and signalling consideration. The trains on this route can run at a speed of 130 km per hour. In this financial year, trains are expected to run at this speed on these two routes."