Bengaluru: Island Star Mall Developers Pvt. Ltd, a strategic investment alliance by Phoenix Mills Ltd and Canada Pension Plan Investment Board (CPPIB) has acquired a land parcel in Hebbal, north Bengaluru for Rs650 crore from L&T Construction Equipment Ltd.

North Korea on Saturday announced its suspension of all missile tests and shutting down of nuclear test site, saying its quest for nuclear arms was "complete" and it "no longer needed" to test its weapons capability.

"Under the proven condition of complete nuclear weapons, we no longer need any nuclear tests, mid-range and intercontinental ballistic rocket tests, and that the nuclear test site in northern area has also completed its mission," North Korean leader Kim Jong-un was quoted as saying by the state-run KCNA news agency.

NEW DELHI: Punjab National Bank (PNB), the country’s second-largest public sector lender + , has impounded passports of 150 wilful loan defaulters apart from lodging 37 FIRs against those who are not repaying loans as part of its recovery drive.

“The bank has already declared 1,084 wilful defaulters and published photos of 260 such defaulters in newspapers,” the bank said in a statement.

MUMBAI: Yes Bank has receveid RBI’s approval to open two representative offices in London and Singapore. This comes on the back of the bank opening a representative office in Abu Dhabi last year followed by an office the GIFT City.

“Opening of representative offices in key financial and trade hubs like London and Singapore, in addition to our existing office in Abu Dhabi, gives us an effective coverage for most key global geographies,” said Rana Kapoor, MD & CEO, Yes Bank.

Calcutta: Coal India could see another rejig at the top, eight months after the Centre appointed an interim head for the public sector miner.

Senior bureaucrat Suresh Kumar is likely to be the new acting chairman and managing director of Coal India.

Mumbai: Axis Bank on Friday said it had started the process of appointing a successor to managing director and CEO Shikha Sharma.

Earlier this month, Sharma had requested the board of the private sector lender that her tenure be curtailed.

Mumbai: Both the rupee and the bond markets felt the impact of the hawkish tone of the RBI in the minutes of its last monetary policy meeting as the rupee dropped below the 66-mark, while the yields (rates) on government securities spiked.

The domestic currency on Friday dipped below the key 66-level at the opening trades itself and settled at a 13-month low of 66.12 against the US currency.

NEW DELHI: Toyota and Suzuki’s tie-up for cross-badging of cars is set to result in a high-pitched battle between the two Japanese companies in the Indian market. Toyota, which will start selling Suzuki’s Brezza mini SUV and Baleno compact from next year as part of the ambitious deal, has said that it will aim to maintain the pricing on the cars even while giving them a new look on the exterior and the interior.

We have just learned that the median salary of employees at Amazon.com Inc. is $28,446, excluding its chief executive officer and founder, Jeff Bezos. That pitiful number raises an intriguing question: Is Amazon a high-paying tech company or a low-wage retailer?

“Both” is the obvious answer, but to this Amazon aficionado that answer is incomplete.

Sebi today slapped a fine of more than Rs 1 crore on wind turbine maker Suzlon Energy for violating insider trading norms.

A total fine of Rs 1.1 crore, including Rs 5 lakh on an official, has been imposed as the company failed to disclose price sensitive information as required under the listing regulations on "more than one occasion".

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