india

SoftBank net rises 49% on Flipkart stake sale

Share sale in ARM China spurs growth Japanese conglomerate SoftBank Group said its operating profit has jumped over 49% in the June quarter, helped by its sale of shares in Indian e-commerce firm Flipkart. The company, which registered operating income of ¥715 billion ($6.42 billion) during the quarter, also attributed the growth to sale of […]

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Veteran Congress leader RK Dhawan passes away

Former Union Minister and Indira Gandhi’s close confidant R. K. Dhawan died in New Delhi on Monday evening. He was 81. Sources close to the family said Mr. Dhawan breathed his last at the B.L. Kapur Hospital around 7 p.m. He was admitted to the hospital last Tuesday for age-related ailments. “Our homage to veteran […]

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Teenager sentenced to death for raping 3-year-old in MP

A local court on Monday awarded death sentence to a teenager for raping a three-year-old girl in Madhya Pradesh. Chhatarpur additional sessions judge Naurin Nigam awarded capital punishment to Tauheed Musalman, 19, after convicting him under section 376 (A)(B) of the recently-introduced Criminal Law (Amendment) Ordinance 2018, said district prosecution officer S K Chaturvedi. He […]

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HUL to acquire ‘Adityaa Milk’ brand, distribution network

Deal will complement Kwality Wall’s, says CEO Sanjiv Mehta FMCG major Hindustan Unilever Limited (HUL) has signed an agreement with Vijaykant Dairy and Food Products Limited (VDFPL) and its group company to acquire its ice cream and frozen desserts business for an undisclosed sum. HUL will acquire VDFPL’s flagship brand Adityaa Milk and its front-end […]

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Assam BJP wants more time for NRC claims

Says no genuine Indian citizen should be excluded The Bharatiya Janata Party Assam unit has sought a month’s extension of the time for filing objections to the draft National Register of Citizens (NRC). The party has submitted a memorandum to Union Home Minister Rajnath Singh for the extension. The complete draft NRC published on July […]

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‘Auto parts sector grew 18.3% despite hurdles’

Exports rise 23.9% to ₹90,571 crore India’s auto component industry grew to ₹3.45 lakh crore in the 2017-18 financial year, a growth of 18.3% year on year, data released by the Automotive Component Manufacturers Association of India (ACMA) shows. “The year gone by witnessed an upswing in the overall performance of the vehicle industry, despite […]

india

Veteran Congress leader RK Dhawan passes away at 81

Dhawan was a close aide of former Prime Minister Indira Gandhi. He was also a witness in the assassination case of the former PM.  Former Union minister and veteran Congress leader Rajinder Kumar Dhawan passed away at B L Kapur hospital in the national capital around 7 pm on Monday. He was 81. The former […]