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  • Future Group plans to open 10,000 small stores
    on May 26, 2018 at 2:35 am

    New Delhi: India’s largest retailer Future Group plans to open about 10,000 small stores as part of strategy of growing revenues from smaller format stores more than ten times, to Rs 60,000 crore, from about Rs 5,000 crore at present, its founder Kishore Biyani said, without specifying a time-frame.Biyani told ET that his company plans to dot the country with small-format ‘Easyday’ branded stores in the range of 2,500 sq ft, and the membership-based format plans to enrol about […]

  • Inside Maruti and Toyota's plan to completely dominate India's auto market
    on May 26, 2018 at 2:23 am

    Mumbai: Toyota Motor Corporation and Suzuki Motor Corporation on Friday revealed broad contours of their evolving partnership that centres around India.Within two months of agreeing to share product portfolio, the Japanese carmakers with a significant presence in India have proposed that they also eye synergies by sharing infrastructure such as factories and dealer networks in India.The move will enable Maruti Suzuki to tap into the under-utilised manufacturing base of Toyota in India, and the […]

  • Toyota, Maruti Suzuki to share factories, dealers for bigger India footprint
    on May 26, 2018 at 2:23 am

    Mumbai: Toyota Motor Corporation and Suzuki Motor Corporation on Friday revealed broad contours of their evolving partnership that centres around India.Within two months of agreeing to share product portfolio, the Japanese carmakers with a significant presence in India have proposed that they also eye synergies by sharing infrastructure such as factories and dealer networks in India.The move will enable Maruti Suzuki to tap into the under-utilised manufacturing base of Toyota in India, and the […]

  • A first in Tata Group's 150-yr-old history: Esops for employees
    on May 26, 2018 at 1:44 am

    Mumbai: Tata Motors, India’s largest commercial vehicle maker, plans to offer employee stock options for the first time to 200 top-level executives, investing in talent as it enters the next phase of its turnaround strategy.The initiative is the first of its kind for a large manufacturing company in the $100-billion Tata Group and also a rarity in the Indian automotive space.The criteria for assigning stock options will be based on three key performance metrics in the domestic market […]

  • Indian Railways may have finally found the solution to its punctuality problem
    on May 26, 2018 at 12:39 am

    The Indian Railways has decided to revamp its antiquated signalling system in phases to enhance safety and increase average speed of trains. The national transporter plans to introduce the new European Train Control System-2 (ETCS2) which will allow it to increase train speeds significantly and, as a result, run more trains with the same infrastructure, officials said.The new technology allows trains to run in shorter blocks, which means trains can run on the same track with a minimum distance […]

  • Sellers sue Snapdeal founders for pending dues
    on May 26, 2018 at 12:38 am

    Some sellers on Snapdeal have filed cases in different courts in the National Capital Region (NCR) for alleged non-payment of dues, barely a year after a failed merger talks with larger rival Flipkart, which prompted the Gurgaon company to go solo with its Snapdeal 2.0 strategy.At least two sellers have dragged Snapdeal’s owner Jasper Infotech to courts for non-payment of dues.Bengaluru-based Veepee Electronics, that sold consumer durables of brands such as Bajaj, Hitachi, Whirlpool, […]

  • Gold takes a hit from rising US rate, dollar; likely to head lower
    on May 25, 2018 at 2:33 pm

    By Aasif HiraniGold has held the level of $1,300 since December 2017. But the question is how long.On May 15, gold not just slipped below its psychological level of $1,300 but closed below its 200-day moving average. Prior to this, it bounced from these levels five times in five months. Since it has broken an important five-month support, technical metrics in a future market are not looking good. So, the question is why did gold break the five-month support. The culprits are higher interest […]

  • NIC sets up cloud-enabled National Data Centre in Bhubaneswar
    on May 25, 2018 at 1:35 pm

    NEW DELHI: IT Minister Ravi Shankar Prasad is all set to inaugurate, on May 28, a cloud-enabled National Data Centre at Bhubaneswar, which will offer round-the-clock operations with secure hosting for e-governance applications of ministries and departments.The National Informatics Centre (NIC) has set up the data centre at Bhubaneswar, an official release said.The NIC has national data centres at Delhi, Hyderabad and Pune, and the upcoming one at Bhubaneswar is expected to enhance the range of […]

  • After Hours: New feather in TCS cap & other stories you must know
    on May 25, 2018 at 12:54 pm

    NEW DELHI: Helped by all-round positive triggers, the bulls continued with their terrific performance on Dalal Street for the second day in a row on Friday.A sharp recovery in the rupee, softening crude oil prices and optimism over acceleration in GDP growth to 7.5 per cent in 2018-19 helped the equity indices close trading with solid gains. The S&P BSE Sensex gained 262 points to close the session at 34,925, while the 50-share pack of NSE closed above the crucial 10,600 level at 10,605, up […]

  • Jobs top priority as UGC sets target 2022 for all institutes
    on May 23, 2018 at 6:06 pm

    Amid unemployment concerns, the University Grants Commission is set to instruct every higher education institute to ensure at least 50% of those graduating get access to a job, self-employment or get to pursue higher education, and that two-thirds of the students are engaged in ‘socially productive activities’ while studying. UGC is expected to approve in its meeting on May 24 a set of targets and objectives for all higher education institutes that must be achieved by 2022, ET has […]

  • Former finance minister Yashwant Sinha quits BJP, says democracy in danger
    on April 21, 2018 at 8:06 am

    Former Union Minister Yashwant Sinha, who has been at loggerheads with the party leadership in recent years, announced on Saturday that he is quitting BJP. "Today I am taking 'sanyas' from any kind of party politics, today I am ending all ties with the BJP," Sinha while addressing the first meeting of Rashtra Manch, founded by him.Sinha said democratic institutions were being undermined under the NDA regime and vowed to work for the protection of democracy in the country. He said that though he […]

  • MahaRERA slaps penalty on 8 Mumbai Builders for violation of rules
    on March 13, 2018 at 5:28 pm

    MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has slapped penalty of Rs 2 lakh to Rs 10 lakh on 8 builders in Mumbai for advertising real estate project without mentioning the authority’s website address and advertising a non-registered project. MahaRERA has taken this action on Suo-Motu basis.Of the 8 realty developers, builder Tridhatu Morya has been fined Rs 10 lakh for advertising a non-registered project. Rest of the 7 builders including Sumit Group, The Wadhwa […]

  • Meet the Amit Shah of China: How a professor-turned-politician powers Xi Jinping
    on March 12, 2018 at 9:02 am

    Now that a constitutional amendment abolishes presidential term limits, it has become possible for China's president Xi Jinping to rule as long as he lives. China's shift from a collective rule indicates how it prizes Xi who has articulated the ambition of China becoming the world leader by displacing the US. Xi has turned China from an inward nation to a country focused on winning the world. Behind Xi's ideological offensive is brainy professor-turned-politician Wang Huning who has guided two […]

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