Mumbai German luxury car maker BMW on Thursday launched the new generation X5 SUV in India at an starting price of Rs 72.9 lakh for diesel variants. The car was launched by BMW Group India acting president Hans-Christian Baertels and legendary batsman Sachin Tendulkar. BMW X5 is one of theRead More

New Delhi The growth strategy of IndiGo remains unchanged and the airline’s management has full backing of the company’s board of directors to implement it, said Ronojoy Dutta, CEO, InterGlobe Aviation, in an email to his employees on Thursday. The email was sent to employees by the CEO as thereRead More

Washington The year-long trade war with China is pushing American companies to source more from GSP countries such as India, Thailand, Cambodia, Indonesia and Turkey, a latest report said Tuesday warning that cancelling GSP benefits to India would only help China. The Coalition for GSP, a group of American companiesRead More

London Bitcoin hovered above $7,000 on Monday, close to nine-month highs, as the biggest cryptocurrency’s 2019 rally gathered steam. Bitcoin was last up 1.1% at $7,056 on the Bitstamp exchange after soaring 14% on Saturday — its second largest daily jump this year — to its highest since early August.Read More

London The billionaire Hinduja brothers have been named as the wealthiest people in the UK for a third time, according to the Sunday Times Rich List. Sri and Gopi Hinduja saw their fortune increase by 1.356 billion pounds ($1.7 billion) in the last year to 22 billion pounds, the BBCRead More

New Delhi Noted industry leader and ITC Chairman YC Deveshwar, who transformed the cigarette major into a diversified player with interests in FMCG, hospitality, IT and other sectors, passed away on Saturday morning after a brief illness. Deveshwar (72), who stepped down from the executive role as chairman and CEORead More

New Delhi Estranged partners McDonald’s and Vikram Bakshi today announced an out-of-court settlement, ending their almost six-year-long dispute. As part of the agreement, the US fast food chain will buy out for an undisclosed sum Vikram Bakshi and his entities’ 50% stake in Connaught Plaza Restaurants Pvt Ltd (CPRL) thatRead More

Mumbai State Bank of India chairman Rajnish Kumar on Friday said the lenders have received two “unsolicited” bids for Jet Airways and “one” more is expected by the end of the day, keeping the hopes for the revival of the grounded carrier alive. The consortium of 26 lenders, led byRead More

New Delhi Tech giant Google’s latest generation of smartphones–Pixel 3a and Pixel 3a XL– priced at Rs 39,999 onwards will make their way into the Indian market from May 15. These handsets, which are cheaper than their predecessors, compete with devices from the stables of Apple, Samsung and OnePlus inRead More

New Delhi The Reserve Bank of India (RBI) is likely to cut interest rates one more time in June before rising inflation pressures and elevated fiscal deficits left little room for further accommodation in rest of the year, IHS Markit said on Wednesday. The RBI had cut interest rate byRead More