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The Union Cabinet on November 25, 2020 approved the merger of Lakshmi Vilas Bank with DBIL, providing comfort to 20 lakh customers of the bank which was put under the moratorium.

LVB to become DBS Bank India from Nov 27; ₹25,000 withdrawal restriction to go

PTI All the branches of LVB will function as branches of DBIL with effect from November 27, the RBI said in a statement

Toyota officials join assembly line as plant lockout prolongs

Mini Tejaswi Carmaker restarts production as talks fail to break deadlock

Commit in writing: Departments must publish a procurement plan for the next 3-5 years on their websites.

Govt. orders ‘priority’ for local tenders

Vikas Dhoot Ministries not allowed to seek nod for global tenders for contracts worth up to ₹200 crore

‘Prime global residential prices may rise 2% in 2021’

Special Correspondent No change for Mumbai: Knight Frank

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NSE warned Future Retail of action in Amazon row

Curbs hit China supplies for iPhone

JSW Cement postpones listing to December ’22

IBBI moots tweaks to exit liquidation

LVB to become DBS Bank India from Nov 27; ₹25,000 withdrawal restriction to go

Toyota officials join assembly line as plant lockout prolongs

‘Government support needed for tooling sector’

To help reduce imports and make India an export hub for the tooling sector, government intervention is critical in helping to set up clusters and

Government orders ‘priority’ for local tenders

Ministries not allowed to seek nod for global tenders for contracts worth up to ₹200 crore

GAIL proposes Kondapalli-Tirupati natural gas pipeline

State-owned GAIL is planning a 450-km pipeline from Kondapalli, near Vijayawada, to Tirupati for supplying natural gas to industries and city gas

‘Prime global residential prices may rise 2% in 2021’

No change for Mumbai: Knight Frank

Left slams RBI proposal to give banking licences to corporates

A retrograde move and it permits loot of people’s savings demolishing the system, they say

Congress opposes move to allow corporate houses set up banks

The Congress on Tuesday strongly opposed a proposed move of Reserve Bank of India (RBI) to allow corporate houses to enter the banking sector and set

Kerala moves Supreme Court against move to hand over Thiruvananthapuram airport to Adani group

State seeks interim stay on decision of Kerala HC on Oct. 19, allowing AAI to let Adani take over “operation, management and development” of the airport.

NITI Aayog forms panel to study feasibility of Hyperloop technology in India

An Expert Committee has been constituted to explore the prospects of ultrahigh speed travel.

NSE declares Karvy Stock Broking as defaulter, expels from membership

The move was taken as the broker failed to comply with NSE guidelines.

Lakshmi Vilas Bank stock tanks over 53% in 6 days

The government has placed LVB under one-month moratorium.

Bengaluru-based payments company Cashfree raises $ 35 million

Cashfree said it has been profitable since its first year of operations and counts more than 50,000 businesses amongst its merchants.

General Motors will recall 7 million vehicles for air bag issue worldwide

The recall is expected to cost the Detroit automaker $1.2 billion.

Vivimed Labs gets approval for 6 products

Drugmaker Vivimed Labs has received approval from Uzbekistan for three ophthalmic products and an equal number of oral liquid suspension products that

S&P ‘sceptical’ of banks’ corporate ownership

‘RBI will face challenges in supervision’.

Rajan, Acharya caution against proposal to allow corporate houses to set up banks

Article terms proposal a ‘bombshell’ best left on the shelf

Adani Solar to add 2-GW cell and module capacity at Mundra

‘Will help achieve cost-effectiveness, price parity with China’

U.K.’s ZNZ Pharma 2 buys 74% in Celon

London-based biopharma platform ZNZ Pharma 2, backed by an impact investment consortium comprising U.K.’s CDC Group and others, has bought 74% stake

‘Helmet industry not as severely hit as auto sector’

Studds eyeing 10% revenue growth in FY21, says Khurana

IT spending in India to grow 6% in 2021 to USD 81.9 billion: Gartner

IT spending in 2020 is expected to total USD 79.3 billion, down 8.4 % from 2019.

Ask us: On investment

Q. I am 35 and married with a 3-year-old kid. I work in the private sector. I would like to retire at 60 with a corpus of ₹3 crore. My present

Arogya Sanjeevani: A premium that doesn’t burn a hole in your pocket

If Arogya Sanjeevani proves popular, insurers may well begin offering instalment options on other health policies

RBI becomes world’s first monetary authority with a million Twitter followers

“RBI Twitter account reaches 1 million followers today. A new milestone. Congratulations to all my colleagues in RBI,” Governor Shaktikanta Das tweeted.

Capgemini to hire rural women graduates

Candidates to be paid ₹3.8 lakh a year

Punjab & Sind Bank to raise up to ₹5,500 cr.

State-owned Punjab & Sind Bank on Saturday said its board has approved a proposal to raise up to ₹5,500 crore by issuing shares on a preferential

Harley-Davidson says working with partner Hero to ensure smooth transition for customers in India

American cult-bike maker Harley-Davidson on Saturday said it is working with its new partner Hero MotoCorp to ‘ensure a smooth transition’ for its

Bharti to buy 5.2% in solar firm Avaada

Bharti Airtel on Friday said it will acquire 5.2% stake in solar power firm Avaada MHBuldhana for ₹4.55 crore in an all-cash deal. Avaada MHBuldhana

Modi says India set to double oil refining capacity in 5 years, earlier than expected

India plans to nearly double its oil refining capacity in the next five years, Prime Minister Narendra Modi said on Saturday, offering a much more

Boeing 737 Max — ready to take off again

The narrowbody jets, grounded after two crashes, can now return to the skies

‘Elevator sector facing challenges’

Realty taking time to recover, says Kone India MD

‘Travel sector may take years to return to pre-COVID-19 level’

Consolidation is inevitable, says Booking.com’s Mehrotra

‘Thailand targets youth for silver jewellery sales’

Bangkok fair eyes Indian traders

‘Disruptive solutions needed in renewables to tackle future’

India must aim to be a green energy superpower: Ambani

Unilever to introduce mouthwash formulation in India, claims to reduce 99.9% corona after rinsing

Global FMCG major Unilever on Saturday said it will bring to India its mouthwash formulation, which, it claims, will reduce 99.9% of coronavirus after 30 seconds of rinsing

‘RBI spurned DBS offer to buy 50% of LVB in 2018’

Promoter group may approach SEBI

E-com ushering in faster digitisation: Amazon India

‘More small businesses embracing tech for online presence’

‘Raise private bank promoter cap to 26%’

RBI panel moots allowing large corporates to start private banks after amending bank regulation law

KTM launches KTM 250 Adventure bike

The latest bike is powered by a 248cc single-cylinder liquid-cooled engine.

Labour ministry seeks stakeholders’ comments on draft rules under OSH Code

The labour ministry has sought feedback of stakeholders on the draft rules under the Occupational Safety, Health and Working Conditions (OSH) Code,

RBI panel proposes to raise promoters cap to 26% in private banks

The group has also recommended that large corporate or industrial houses may be allowed as promoters of banks only after amendments to the Banking Regulation Act and strengthening of the supervisory mechanism for conglomerates, including consolidated supervision

SEBI moves SC for payment of ₹ 62K crore from Sahara firms, wants Subrata Roy in custody if not paid

In its intervention application stated the contemnors have not been complying with the orders.

Amazon lays off staff at Prime Air drone project

The company had laid off R&D and manufacturing staff from Amazon Prime Air project and had reached tentative deals with two external manufacturers

Bharti Infratel, Indus merger complete; VIL gets ₹3,760 cr in cash for 11.15% holding in Indus

As promoters of the new company, Vodafone Group will hold 28.12% stake (in the merged entity) while the holding of Bharti Airtel Group will be about 36.7%.

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Senior Congress leader Ahmed Patel

76K | Senior Congress leader Ahmed Patel passes away

Rains triggered by Cyclone Nivar inundate tracks at Korukkupet railway station in Chennai on November 24, 2020. Southern Railway has cancelled all suburban trains and those bound for Tamil Nadu’s southern districts for November 25, 2020 in view of the cyclone.

54K | Cyclone Nivar updates | T.N., Puducherry on edge as Nivar closes in

Residents of Pattinampakkam, mostly fishermen, run for safety as strong winds and waves picked up pace and move huge quantities of sand up to the road, a good distance away from the waterfront, in Chennai on November 25, 2020.

52K | Cyclone Nivar live updates | Centre of storm crosses T.N., Puducherry coasts, set to weaken further in next 3 hours

40K | Pakistan’s move in Gilgit-Baltistan and what it means for India | The Hindu In Focus podcast

Bharatiya Janata Yuva Morcha (BJYM) national president Tejasvi Surya addresses during 'Change Hyderabad' campaign in Secunderabad on November 23, 2020

19K | Tejasvi Surya seeks to 'change Hyderabad', triggers Twitter storm

File photo of U.S. President Donald Trump during a briefing in Washington.

12K | Drip by drip, U.S. Republicans edge away from Trump election claims

Chief Minister Edappadi K. Palaniswami, inspects Chembarambakkam reservoir after its shutters were opened on Wednesday after a period of almost five years following heavy rains due to Cyclone Nivar on Nov 25, 2020.

12K | Cyclone Nivar: Tamil Nadu CM announces public holiday in 13 districts on November 26

Curious people thronged the beach at Kulai in Mangaluru after hearing that the sea had turned bluish on Sunday night.

10K | Dakshina Kannada-Udupi coast witness bioluminescence

Chennai's iconic Marina beach is filled with storm water due to heavy rain on Wednesday due to Cyclone Nivar.

9K | Cyclone Nivar in pictures | Heavy rains throw life out of gear in Tamil Nadu, Puducherry