Editorial: Cool & hot

Even as Delhi, which is shivering under an intense spell of cold wave for two weeks, experienced its coldest recorded December day on Monday, with the maximum temperature being at just 9.4 degrees Celsius, the Jawaharlal Nehru University, one of the premier higher educational institutions in the capital, on Monday said it will implement the new hostel manual from Wednesday, with its Vice-Chancellor appealing to the students to call off their strike. Continue Reading

Weak household consumption to curb economic growth: Moody’s

Moody’s Investors Service said that India’s weak household consumption will curb economic growth and weigh on the credit quality of Indian issuers in a range of sectors. Continue Reading

Medtronic releases Mazor X Stealth

Wholly-owned subsidiary of Medtronic, India Medtronic Private Limited announced the launch of the Mazor X Stealth Edition that offers a fully-integrated procedural solution for surgical planning, workflow, execution and confirmation of spine surgeries. Continue Reading

Airtel submits Rs 9,500 crores bids for Reliance Communications

Telecom operator Bharti Airtel has submitted conditional bids of around Rs 9,500 crore for debt-ridden Reliance Communications’ telecom assets, including spectrum, mobile towers and optical fibre, according to an industry source. Continue Reading

Private equity investments in real estate up to $3.8 bn

Private equity investments in the domestic real estate sector rose by 19 per cent to $3.8 billion during January-September 2019, mostly in commercial properties, according to Anarock. Private equity investments were over $3.2 billion in the year ago period, the consultant said in a statement. Continue Reading

ICICI’s profit declines in September

Private sector lender ICICI Bank posted a 6.09 per cent decline in consolidated net profit for the September quarter at Rs 1,131.20 crore. It had reported a net profit of Rs 1,204.62 crore for the July-September period a year ago. Continue Reading

Steel Ministry eyes Japanese players to invest in India

Union Steel Minister Dharmendra Pradhan met officials of Japanese steel companies Nippon Steel, Daido Steel and JFE Steel Corporation in Tokyo and invited them to invest in India. Pradhan, along with senior officials of the ministry, is in Japan to attend the two-day Global Forum on Steel Excess Capacity (GFSEC). Continue Reading

Bharti Infra sets 24 Dec as deadline for merger

Telecom infrastructure firm Bharti Infratel on Friday said it has extended deadline for merger of mobile tower company Indus Towers by two months to 24 December while considering regulatory uncertainty looming over the deal. Continue Reading

SIDBI awards performers in Micro, Small and Medium Enterprises

Small Industries Development Bank of India (SIDBI), the apex financial institution engaged in the promotion, financing and development of Micro and Small Enterprises (MSEs), acknowledged the achievements of MSEs and recognized the efforts of lenders who have taken illustrative steps for easing access to finance in this sector. Continue Reading

‘Iran not disappointed with India for not importing oil from Tehran’

India has a strong political and cultural relationship with Iran where it operates a strategic port, External Affairs Minister S Jaishankar has said, rejecting reports that Tehran is disappointed at New Delhi for not buying oil from the oil-rich nation in view of the tough US sanctions. Continue Reading