industry

A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of U.S. President Donald Trump’s tariffs on Chinese imports.

Bayer says Monsanto India integration to complete in one year Sep 23 2018

It will take at least one year to complete the integration of Monsanto India into the Bayer Group, a senior official of German pharma and chemical major has said.

Sagging rupee may spur price hike by Toyota, Mercedes Sep 23 2018

Japanese automaker Toyota and German luxury carmaker Mercedes-Benz are considering price hike in India in the wake of the weakening rupee.

Air India pilot under scanner for making steep 10K ft descend Sep 23 2018

An Air India pilot has come under the lens of the airline's flight safety department for allegedly making a steep 10,000 feet descend while flying from Kuwait to Goa earlier this month, sources said.

No concern on liquidity of NBFCs: SBI chairman Sep 23 2018

Assuring lending support to non-banking financial companies, SBI Chairman Rajnish Kumar Sunday said there was no concern on liquidity of such firms, amid ongoing debt crisis in IL&FS Group.

OPEC, non-OPEC panel unlikely to recommend further oil output hike: Sources Sep 23 2018

A panel comprised of ministers from OPEC and allied oil producers meeting on Sunday is unlikely to recommend a further increase in crude production from that agreed in June, five OPEC and non-OPEC sources told Reuters.

Petrol price rises to Rs 89.97 in Mumbai Sep 23 2018

As transport fuel prices continued their upward run across metros, petrol was selling Rs 89.97 a litre in Mumbai on Sunday, just 3 paise short of Rs 90.

WhatsApp appoints grievance officer for India Sep 23 2018

Under pressure to clamp down on sinister messages, Whatsapp has appointed a grievance officer for India and detailed out the process for users to flag concerns and complaints, including those around fake news.

Comcast bags Sky for $40 billion, outbids Disney, Fox Sep 23 2018

Cable giant Comcast outbid 21st Century Fox and the Walt Disney Co. for Sky Television by offering nearly $40 billion for the satellite-TV service that boasts 23 million customers in five European countries.