industry

Market regulator Sebi said it is looking to allow government agencies to use commodity derivatives platform to administer the minimum support price (MSP) and launch new products such as indices, weather and freight derivatives soon.

5-10 bank chiefs,including an MNC,in the fray to head Yes Bank Nov 16 2018

A search panel entrusted with finding Rana Kapoor's successor to lead Yes Bank has shortlisted multiple names, including those serving a foreign as well as domestic lenders, two sources said.

VW to spend 44 billion euros on electric, autonomous cars by 2023 Nov 16 2018

Volkswagen (VOWG_p.DE) said it will spend 44 billion euros (39 billion pounds) on electric cars, digitalisation, autonomous driving and new mobility services by 2023 as part of a push by Europe’s largest carmaker to mass produce electric cars.

Mahindra opens second off-road training academy in Mangaluru Nov 16 2018

Mahindra & Mahindra Limited of the USD 20.7-billion Mahindra group launched its second off-road training academy here.

Kotak Mahindra Bank surpasses Maruti Suzuki in market cap to enter top 10 club Nov 16 2018

Private sector lender Kotak Mahindra Bank's market valuation surpassed that of Maruti Suzuki to enter the top 10 club by market capitalisation in the country.

Tata Investment Corporation board approves Rs 450-crore share buyback Nov 16 2018

Tata Investment Corporation said the board has approved buyback of up to 45 lakh shares aggregating a sum of Rs 450 crore.

Nestle to shift Nespresso global HQ to Vevey to save money Nov 16 2018

Swiss food giant Nestle (NESN.S) will relocate the headquarters of coffee business Nespresso in 2021 from Lausanne to the group’s main campus in Vevey, 20 km (12 miles) away, to save money.

M&A not the only way, says Deutsche Bank chief Nov 16 2018

Banks should consider joint ventures in certain areas and products, not only mergers and acquisitions, to be competitive globally, Deutsche Bank’s (DBKGn.DE) CEO said.

Karnataka may cancel iron ore mine lease to NMDC: Karnataka mining secretary Nov 16 2018

Karnataka has warned National Mineral Development Corporation (NMDC) Ltd that it will cancel the lease of its Donimalai iron ore mine if the state-owned miner refuses to pay 80 percent premium on the sale of ore.