Realty major DLF said it has transferred shopping mall in Noida, Uttar Pradesh, to its subsidiary firm for Rs 2,950 crore, as part of efforts to settle dues of its joint venture firm with GIC.

DLF has to pay Rs 8,700 crore to the DLF Cyber City Developers Ltd (DCCDL), which is a joint venture firm of DLF and Singapore’s sovereign wealth fund GIC. It wants to settle these dues by September this year through transfer of rental assets and land parcels.

The RBI has approved extension of tenure of Yes Bank's part-time chairman Brahm Dutt till January 10, 2022, the private sector lender said Thursday.

The tenure of Dutt, whose appointment was approved in January this year by the RBI, was till July 4, 2020.

India’s car stocks have lost $42 billion in value in the last 16 months, and some analysts say the rout may not be over.

A gauge of automobile companies has fallen 30 percent since reaching a record in December 2017, and is the worst-performer among 19 sector indexes in the nation’s equity market this year. That’s as the benchmark S&P BSE Sensex Index rallied to a fresh peak last month.

Facebook Inc and the Federal Trade Commission (FTC) are negotiating a possible settlement that would require the company to create an independent privacy oversight committee and take other steps to safeguard users, Politico reported on Wednesday, citing a source.

The steps would include appointing a federally-approved privacy official at the highest level of Facebook and creating a privacy oversight committee that may include Facebook board members, the report said.

The makers of Vivek Oberoi-starrer biopic on Prime Minister Narendra Modi Friday announced that the film will be released countrywide on May 24, a day after the results of the Lok Sabha elections are declared.

The film, titled 'PM Narendra Modi', was earlier set to release on April 11 but was banned by the Election Commission.

Reliance Jio, currently one of the biggest telecom providers in India with over 300 million subscribers across the country, is now making a ‘super app’ that will bring together a hundred services in one platform, reported IANS.

This comes at a juncture when Reliance Industries chairman Mukesh Ambani is also planning to launch the world’s largest online-to-offline e-commerce platform.

Commercial Vehicle major Ashok Leyland has posted a 7.5 per cent growth in sales during the month of April, 2019, at 13,626 units compared to 12,677 units during same month a year ago.

Domestic sales grew 10 per cent to 13,141 units during the month, compared to 11,951 units during same month last year, driven by bus and LCV growth.

TVS Motor Company has posted a growth of 4.6 per cent in sales during the month of April, 2019, at 3,18,937 units compared to 3,04,795 units during April, 2018.

Two-wheeler sales grew 4.2 per cent to 3,05,883 units in April, this year, compared to 2,93,418 units during same month last year. Domestic two-wheeler sales grew by 3 per cent to 2,48,456 units compared to 2,41,604 units during the corresponding month in 2018.

Food business operators have been given three more months, till July 31, to change labels of their food products to include English nomenclature for 'atta' and 'maida' as wheat flour and refined wheat flour, respectively, according to the food safety regulator FSSAI.

The deadline to comply with the order expired on April 30. Further extension has been given following a representation by the industry, the Food Safety and Standards Authority of India (FSSAI) said in its latest order.

PNB Housing Finance Thursday said it will raise up to USD 1 billion (around Rs 6,954 crore) from foreign markets, and additional Rs 10,000 crore by issuing bonds.

The board meeting scheduled for May 9 will consider approval of "fund raising by way of external commercial borrowings up to USD 1 billion in one or more tranches", PNB Housing Finance said in a regulatory filing.

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