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IDBI Bank puts Rs 9,750-crore non-performing loans on the block

IDBI Bank puts Rs 9,750-crore non-performing loans on the block

IDBI Bank has put on the block non-performing loans worth over Rs 9,750 crore to clean up its balance sheet.

The top 10 exposure up for sale include Lanco Amarkantak (Rs 1,077 crore), Reliance Communications (Rs 721 crore), Ballarpur Industries (Rs 493 crore), Jyoti Structures (Rs 396 crore), and Unitech (Rs 395 crore).

Women must come out of their 'comfort zones', says FM Nirmala Sitharaman

Women must come out of their 'comfort zones', says FM Nirmala Sitharaman

Finance Minister (FM) Nirmala Sitharaman on Tuesday implored women to come out of their “comfort zones”, stating that while there are laws to ensure more representation to women in governing boards and as independent directors in companies, her experience in the government is that it is difficult to find women.

DLF reworking strategy to raise food & beverages share to 18-20%

DLF reworking strategy to raise food & beverages share to 18-20%

Gurgaon-based luxury malls developer, DLF is planning to focus more on food and beverages and allocate around 20 per cent of space to the dining options across its project offerings, a senior company official said.

DLF, which has malls across Delhi, Noida, Gurgaon and Chandigarh, has been allotting nearly 12 per cent of the total space to F&B.

GMR Infra, Reliance among 19 companies bidding to build Noida airport

GMR Infra, Reliance among 19 companies bidding to build Noida airport

GMR Infra, Adani, and Reliance Infra are among the 19 companies that have bid for developing the Rs 16,000-crore Noida international airport in Jewar, Uttar Pradesh.

The state government aims to complete technical and financial bidding by February-March 2020, said Shrikant Sharma, minister and state government spokesperson, in Lucknow on Tuesday after a cabinet meeting.

Amazon, Flipkart create over 140,000 temporary jobs ahead of festive sales

Amazon, Flipkart create over 140,000 temporary jobs ahead of festive sales

E-commerce giant Amazon and Flipkart have created over 1.4 lakh temporary jobs across supply chain, last-mile connectivity and customer support in preparation for their festive sales that kicks off later this month.

Amazon.in, in a statement on Tuesday, said it has created more than 90,000 seasonal employment opportunities across its fulfilment centres, sortation centres, delivery stations, partner fulfilment network and customer service sites.

Coal India workers strike against 100% FDI; production, dispatch halted

Coal India workers strike against 100% FDI; production, dispatch halted

Trade unions on Tuesday claimed that production and dispatch has come to a "complete halt" at the mines of Coal India Ltd and Singareni Collieries Company Ltd, owing to the one-day strike against the Centre's decision to allow 100 per cent FDI in coal mining.

Five federations representing over half-a-million workers of CIL and Singareni Collieries have called for the strike, seeking withdrawal of the central government's move.

ICICI to open 450 slimmer branches, to hire around 3,500

ICICI to open 450 slimmer branches, to hire around 3,500

The ongoing slump in the realty sector is helping ICICI Bank in its expansion drive as it is adding branches by nearly a tenth of its existing footprint, a top official said.

The ongoing slump in the realty sector is helping ICICI Bank in its expansion drive as it is adding branches by nearly a tenth of its existing footprint, a top official said.

India's biggest carmaker Maruti sees higher sales in September

India's biggest carmaker Maruti sees higher sales in September

New Delhi: India’s biggest automaker, Maruti Suzuki India Ltd, expects sales of its cars in September to be higher than the previous month, its Chairman R C Bhargava told Reuters on Monday.

August domestic sales at Maruti Suzuki fell 34.3 per cent, one of the biggest monthly drops in sales in recent times. Indian auto sales fell for the 10th straight month in August, marking one of the worst slowdowns in the industry’s history.

Sebi slaps Rs 22 crore penalty on Aurobindo promoters

Sebi slaps Rs 22 crore penalty on Aurobindo promoters

Mumbai: Markets regulator Sebi on Monday slapped a penalty of over Rs 22 crore on Aurobindo promoter P. V. Ramprasad Reddy, his wife P. Suneela Rani and other connected entities for violating insider trading norms.

The order has been issued following a probe into the trading in the scrip of Aurobindo Pharma (APL) during the period from July 2008 to March 2009 to ascertain the regulatory violation.

Paytm starts marketing campaign, aims 1.5 bn payments during festival season

Paytm starts marketing campaign, aims 1.5 bn payments during festival season

New Delhi: Paytm has started a marketing campaign to promote the interoperability feature of its quick response (QR) code scanning application, with the feature aiming 1.5 billion merchant payments on its platform during the festival season, the company said in a release.

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