The Enforcement Directorate on Tuesday arrested Mehul Choksi's close associate Deepak Kulkarni from Kolkata. Kulkarni was arrested after he landed in Kolkata from Hong Kong.

Deepak Kulkarni was the director of Choksi’s dummy firm in Hong Kong. A look out circular was issued against him by ED and CBI earlier.

Ford Motor Co made a profit in India for the first time in a decade in the last fiscal year, signalling that a strategy conceived two years ago by the U.S. car manufacturer for one of the world's most competitive car markets is starting to show some success.

Under an initiative called the Emerging Market Operating Model (EMOM), Ford cut manufacturing costs by 40 per cent and is developing more vehicles locally as it moves away from its "One Ford" plan

Shares of Cipla hit a five-month low of Rs 534, down 5% on Tuesday, extending its Monday’s 7% decline on the BSE, due to the weak outlook for the second half of the current fiscal (H2FY19). The pharmaceuticalmajor said there was pressure on the tender business, supply disruptions, commodity inflation and business impact from countries hit by sanctions.

In an apparent jibe against rivals Google and Facebook, Microsoft CEO Satya Nadella has said the company doesn't use customers' personal data for profit unlike some other firms.

In an interview with The Times on Monday, Nadella said the company "had chosen not to squeeze the last drop of revenue from the troves of user data on its Bing search engine and the Linkedin social network, which it bought in 2016".

Amazon.com Inc. will separate its proposed second headquarters into two locations, and is close to deals to put major new offices in Long Island City, New York, and the Crystal City area of Arlington, Virginia, according to the New York Times, which cited unidentified people familiar with the matter.

Mumbai: Acquisitions were not its second nature. But when the yarn-to-telecom conglomerate, Reliance Industries Ltd (RIL) saw that it may be a tad lagging in building its new-age businesses, inorganic growth was the only route plausible. Over the past 11 months, RIL through its web of subsidiaries, has either acquired or struck partnerships with more than two dozen entities to expand Reliance Jio Infocomm Ltd and Reliance Retail, spending nearly 10,000 crore.

New Delhi: SBI has put up 11 non-performing assets (NPAs) for sale to ARCs and financial companies to recover dues of nearly Rs 1,019 crore.

The country's largest lender said the e-auction of these NPA accounts will take place on November 22.

The benchmark Sensex slipped below the 35,000-mark by dropping over 100 points to 34,911.11 in early trade Monday after banking, metal and auto stocks declined following weak global cues and profit-booking.

The 30-share index fell 100.54 points, or 0.29%, to 34,911.11. The gauge had rallied nearly 580 points on Friday. The NSE Nifty, too, was trading 39.80 points, or 0.38%, lower at 10,513.20.

Rupee opened lower by 44 paise at 72.88 per US dollar on Monday. On Friday, rupee posted its biggest single-day gain in a period of more than five years, rising by 100 paise to end the day at 72.44 against the US dollar, according to Blooomberg index. The 10-year government bond yield stood at 7.78 percent from its previous close of 7.781 percent.

Realty major DLF's sales bookings in 2018-19 may be higher than the Rs 22.50 billion guidance provided by the company at the beginning of this fiscal, driven by better demand for its completed inventories.

The sales bookings are likely to jump over two-fold this fiscal as the company had sold flats worth Rs 10 billion only, during 2017-18, due to a six-month suspension of sales to comply with the new real estate law.

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