Bogged down by rising non-performing assets, State Bank of India (SBI), the country’s largest lender, on Thursday reported a 25.9 per cent decline in its advance tax payment for Q2 FY17. The bank paid Rs 1,200 crore (Rs 12 billion) as advance tax, compared with Rs 1,620 crore (Rs 16.20 billion) in the corresponding period last year. Private lender ICICI Read More

Events such as the merger of Reliance Communications (R-Com) and Aircel, entry of Reliance Industries via the launch of its telecom venture – Reliance Jio (RJio) – with its aggressive tariff structure, upcoming spectrum auction, issues related to call drops and points of interconnect have kept the sector buzzing over the past few months. However, that has not been the Read More

India has emerged as one of the world’s fastest growing import markets for Scotch whisky, a trade body said, on Friday, while seeking urgent help from the UK government to bring down India’s “exorbitant” 150 per cent customs duty on liquor. The Scotch Whisky Association (SWA) revealed the amount of Scotch whisky sold overseas increased for the first time since Read More

After indicating  in July that it would take legal action against the Advertising Standards Council of India (ASCI), the country’s apex regulatory body for advertising, Patanjali Ayurved, founded by ‘Baba’ Ramdev and his deputy Balkrishna, has petitioned the high court in Mumbai. On August 19, the Haridwar-based company filed a defamation suit and a notice of a motion seeking interim Read More

The GOOD IMAGE: Amy Jackson took street style to a new level! Putting on a fiery red bomber jacket from Adidas with a white tank top underneath and a pair of patchwork jeans from Koovs, she rocked the saucy look. Her braided hair upped the edgy quotient.  Photograph: Kind courtesy Amy Jackson/Instagram IMAGE: Victoria’s Secret model Taylor Hill showed her fans Read More

An old man stares ferociously at a girl in the park. The girl — white Apple earbuds in place, out on a jog, sweaty and out of breath as she does her stretches — stares back, unblinking. She looks wary of the stare but not afraid of it. It is an uncomfortable moment with the starer boring a hole with Read More

The pitch laid out for the tie at Kotla did not offer turn on day one, but the one for the first Test beginning September 22, in Kanpur, is expected to assist India’s quality spinners. Latham, who showed promise with a solid 55 on Friday, said there was no point worrying about the conditions in the Test series. “All we Read More

Overdrive reports that Toyota Kirloskar Motor will launch the next generation 2016 Toyota Fortuner in India in the first week of November. This is reported to be a confirmation from the manufacturer themselves. The exterior features an all new styling comprising of sharp lines and contemporary elements that make the Fortuner look bolder than ever. The new Fortuner is 90 Read More

Experts say for multinationals to succeed in India the key is learning to do business the Indian way, rather than dumping global business models and practices on the local market. It’s a lesson Chinese smartphone maker Xiaomi has applied to its advantage. As things stand, Xiaomi is the third largest smartphone brand in the top 30 cities in India. With Read More

With the introduction of a flexi-fare system by the Railways from Friday for 142 premium trains, including 42 Rajdhani trains, 46 Shatabdi and 54 Duronto trains, the gap between the airfares and rates of these premium trains has reduced. This may push more passengers towards aviation sector. Cashing in on the opportunity, Air India even came out with an advertisement Read More