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GVK receives buy-out notice from APTransco

The decision was based on cost benefit analysis, says Transco CMD K Vijayanand

Hero Group enters into consumer electronics market

The group is set to buy a majority stake in DTH devices maker Mybox Technologies

Four states, Lakshadweep to become part of food Act

This would take the total number of states where the Food Act is applicable to 16, apart from the Union Territories

Lalit Modi now targets Jaitley

Naming the finance minister in the Delhi and District Cricket Association scam, Modi demanded that Jaitley make his phone records public

Wearable devices' shipments to grow at 173% in 2015

The finding was made by International Data Corporation Worldwide Quarterly Wearable Device Tracker

Credit to grow 12-14%: Axis Bank

Last financial year, credit growth was the lowest in 17 years at 9.52% whereas deposits in the system inched up by 11.42%

ICICI Bank ties up with Alibaba to provide easy finance to SMEs

Indian entrepreneurs who are members of Alibaba.com will get quick access to business services from ICICI Bank

Financial Benchmarks India adopts new method for inter-bank rate

The new benchmark will be known as the FBIL Overnight Mumbai Interbank Outright Rate and CCIL will be the calculating agent

Monsoon blessing for rate-sensitive stocks

Banking and real estate stocks rise up to 5% on further rate-cut hope

High court grants NSEL intervention

Case seeks expeditious probe in the Rs 5600 crore payment crisis at NSEL

Toyota Kirloskar Motor's Camry Hybrid

Since its launch in May this year, the company has sold over 280 units in a matter of 50 days, compared to 720 units sold in 2014

NBFC Indel Money targets opening 700 branches

Having started off with nine branches in Thrissur in 2013, Indel operates 71 branches in Kerala and 29 in Tamil Nadu

IT sector seeks better access to Technopark

Technopark Phase I, II and III, campuses of UST Global, Infosys, VSSC and the proposed site for the downtown Technopark project of Taurus Investment Holdings lie on the 4.5-km stretch from the Kazhakk

Chennai Angels invests in Syona Cosmetics

Arun Kumar M said Syona cosmetics fits perfectly into the skin and hair care segment in the rapidly growing beauty salon chain market in India

Rubber production drops 11% in April-May

The latest drop in production comes on the heels of a 16% drop in production in the fiscal 2014-15, and a 15% drop in 2013-14

Assam wants restructuring of Brahmaputra Board

Sets up North-East Brahmaputra River Rejuvenation Authority

Stock exchange for unlisted startups GREX launched in Hyderabad

GREX is scheduled to go live in July 2015

Ragi to get its due in Karnataka

State plans to supply it under Anna Bhagya scheme from July

SAIL prepares feasibility report for Telangana project

To set up a 3 million tonne capacity integrated steel plant

IIMA-CIIE incubatee Edsix Brain Lab raises angel funding

Founded in 2013, Edsix Brain Lab offers Skill Angels - a gamified skill assessment and enhancement platform for K-12 Students