Business

Union Commerce and Industry Minister Piyush Goyal in conversation with ROHM Co. Ltd. President. OSAKA: From focusing on high-tech industries to weaning away entities with presence in China and southeast Asia and wooing small Japanese banks, beyond the Big 3, that have strong local relationships, govt is deploying every tool to get Japanese firms to…

HDFC shares drop 2% over CEO uncertainty, legal woes MUMBAI: Shares of HDFC Bank fell 2% on Thursday, with analysts citing uncertainty over the appointment of its next CEO. The bank also faces legal action in the US over alleged violations of securities laws for not disclosing adverse information related to a bulk deposits case.HDFC…

Creditors filed claims of Rs 22,006 crore against Subhash Chandra for the loans he backed. MUMBAI: With the National Company Law Tribunal this week clearing a repayment plan offering only Rs. 6.5 crore in a case concerning Zee Group’s Subhash Chandra’s personal guarantees for loans taken by his companies, HDFC Bank said it is exploring…

Passenger vehicle sales stood at over 12.7 lakh units during the April-June quarter. NEW DELHI: India’s vehicle market showed a clear regional divide in the first quarter of FY27, with Maharashtra emerging as the country’s biggest market for passenger and commercial vehicles, while Uttar Pradesh led sales of two- and three-wheelers.According to data released by…

Sudden movement in closing period triggers outcry online. MUMBAI: In the first monthly expiry of derivatives contracts on BSE after the introduction of Closing Auction Session, popularly known as CAS, sensex and Bankex, BSE’s banking index, witnessed wild swings, triggering social media outcry. The sharp movement in indices and some of their constituents also gave…

Union minister of Commerce & Industry Piyush Goyal meets President of Aichi Steel Corporation. NAGOYA: Govt Wednesday reiterated its demand for a review of the 15-year-old Comprehensive Economic Partnership Agreement with Japan to make it more contemporary and indicated its willingness to expand scope of the pact, which is seen to have failed in delivering…

​The estimated cost of the Ahmedabad-Mumbai bullet train project has been raised. India’s first bullet train project has seen its cost escalate to nearly double of the original estimate in a span of nine years. Prime Minister Narendra Modi laid the foundation stone for the first high-speed rail project of Indian Railways in September 2017,…

Meagre stock has also pushed up sugar prices—earlier this week. MUMBAI: Ahead of the festival of Raksha Bandhan, when demand for sugar tends to surge in Indian kitchens, consumers are in a bind. Major online grocery platforms and offline retail chains are limiting the number of sugar packs customers can buy, to manage supplies of…

On the import side, there is some pressure due to higher prices of oil and fertiliser. (File photo) NEW DELHI: India’s goods exports hit the $200-billion mark during the financial year up to Aug 21 on the back of a sustained over 15% rise in shipments from the country, raising expectations within govt that this…

Govt is expecting a major boost to textiles exports due to the trade deals with the UK and the European Union. NAGOYA: Japanese clothing giant Uniqlo is set to expand its India footprint as it seeks to broaden sourcing of products for India and the global market, while also looking to open more outlets in…