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We aren't shutting out NBFCs, will lend to strong ones: Indian Bank chief

In a Q&A, Indian bank's new MD & CEO Padmaja Chunduru dwells on her plans to consolidate on past gains and boost the lender's financials

City Union Bank profit at Rs 1.68 bn in Q2, gross NPA down marginally

NPA provisioning for the quarter has declined 47% year-on-year to Rs 680 million

Netmeds, Practo, 4 other firms implead in e-pharma case in Madras HC

Chennai-based Tamil Nadu Chemists & Druggists Association has sought a stay on selling medicines online

Royal Enfield asks workers to resume work at Oragadam, union refuses

A majority of the workers at Oragadam continue to report to work, according to the company

Veritas Finance raises Rs 2 billion from Norwest, existing investors

Through this round of funding, besides expansion, Veritas will also strengthen the technology which will help the company to achieve higher productivity

Ashok Leyland posts 17% increase in October sales at 15,149 units

M&HCV sales rose 7 per cent to 9,797 units as compared to 9,140 units, a year ago

TPG Growth leads $42-million equity investment in Ess Kay Fincorp

Traditional underwriting methods in India exclude a majority of creditworthy individuals and small and medium enterprises

Madras High Court orders interim stay on sale of medicines online

Centre told to file a counter affidavit, matter posted for hearing in second week of November

BEL eyes share in Isro's Rs 90 billion worth space related projects

BEL said that it is exploring collaboration with the Isro, leveraging their technological capabilities in design and development of various products/systems

ADB approves $500 mn for Tamil Nadu water supply, sewerage, drainage infra

The first tranche of the programme amounting to $169 mn will target the cities of Chennai, Coimbatore, Rajapalayam, Tiruchirappalli, Tirunelveli, and Vellore

Coffee production may see 14% drop due to heavy rains in South India

Exports down by 11% due to low Robusta crop

ITC, Coca-Cola, PepsiCo ramp up presence in milk-based beverages market

Consumers are seeking out milk-based drinks as they get more conscious about health and nutrition

Chennai two-wheeler plants' worker protests move to HC, labour commissioner

Factories of Royal Enfield, Yamaha and Myoung Shin Automotive India have been hit by workers' protests

Two-wheeler makers and suppliers face labour issue near Chennai

At the Yamaha Motor India's Oragadam plant, around 750 permanent workers out of a total around 800 workers went on strike

Hospitals grow bigger for better health amid falling margins, rising costs

There are long-term gains to be had for bigger players and that explains the interest from new investors

pi Ventures, which focuses on AI, IoT, makes final fund close at Rs 2.25 bn

Besides CDC Group UK, which invested Rs 400 mn recently, pi Ventures counts Sunil Kant Munjal, IFC, Sidbi, Mohandas Pai, Binny Bansal, Deep Kalra, Sanjeev Bikhchandani and Bhupen Shah among investors

IL&FS incident is unfortunate, says RBI director S Gurumurthy

IL&FS assets are built for 30 years' return on 10-year finance, says Gurumurthy

Coca-Cola, Vodafone, others kick-start the season with discounts and offers

The common themes used by brands for their campaigns this year are sustainability, harmony and environmental awareness

M&A sees highest quarterly deal value of $34.8 bn, 19% jump in Q2 CY18

The biggest deal during the second quarter of 2018 - Walmart's $16-billion acquisition of Flipkart - accounted for 46 per cent of the total disclosed deal value, according to EY India

Projects worth Rs 340 bn proposed for 3 mining regions in Karnataka

The three regions include Bellary, Chitradurga and Tumkur