“We have the potential to create no less than a million jobs around railways if we can provide an enabling environment,” said Minister of Railways and Coal Piyush Goyal at the World Economic Forum’s India summit on Thursday.

While Railways is already one of the country’s biggest employer, the scope to create jobs is immense.

Swedish luxury car maker Volvo Cars on Thursday said it has appointed Charles Frump as the new Managing Director of Indian operations.

Frump replaces Tom von Bonsdorff who has moved to his home country Finland to pursue a new assignment within the Volvo Group after completing his tenure in India.

Mumbai: The Securities and Exchange Board of India (Sebi) has written to Raymond Ltd questioning the textile maker’s real estate agreements for JK House Ltd and a property at Alibaug used as a guest house, said three people with direct knowledge.

The regulator has also questioned whether the firm made any related-party transactions that were not reported to shareholders after Sebi’s Listing Obligation and Disclosure Requirements (LODR) norms came into force in September 2015, these people said.

The rupee declined 9 paise to 65.10 against the dollar today after economic data showed the US economy in a more positive light.

Fresh demand for the American currency came in from importers and banks.

A young leopard entered into the Suzuki Powertrain plant near here in Haryana early on Thursday. Fearing an attack by the big cat the management halted production.

The animal entered the premises of Suzuki Powertrain India Limited in sector 8 (Phase 1) of Tau Devilal Industrial Model Township (IMT) in Manesar on the Delhi-Jaipur-Mumbai national highway.

WiproBSE 0.12 % said its digital unit had acquired San Francisco-based design consultancy Cooper for $8.5 million to grow its digital innovation capabilities.

Cooper is credited with inventing many tools and approaches used in design, including the Goal-Directed Design method and personas as a practical interaction design tool, Wipro said. It employs 35 people in offices in San Francisco and New York and provides consulting and training services to top brands including Fortune 500 companies, leading non-profits and government agencies.

Bank unions on Wednesday threatened to go on a strike over non payment of their dues while they worked overtime during the demonetization drive that happened in November last year.

Depending on the salary, a bank employee is likely to receive around Rs 100 to Rs 300 for every extra hour. CH Venkatachalam, General Secretary of All India Banks' Employees Association (AIBEA) told Hindustan Times that the issue has been brought to the notice of the government and if no action is taken they are likely to go on a strike or even take legal action.

Key indices on Thursday were back in red after opening on a positive note. At 10:48 AM, Sensex was down 0.04% to reach at 31,659.28, Nifty on other hand also was down by 0.04% to trade at 9,910.80 mark.

Mahindra and Mahindra, HUL and Reliance were the top gainers, while NTPC, Wipro, Bharti Infratel and Tata Motors lost the most in early trade. Domestic institutional investors (DIIs) bought shares net Rs 584.88 crore while foreign portfolio investors (FPIs) dumped equities of Rs 632.14 crore yesterday, showed provisional data.

Lenders saddled with Rs 45,000 crore of Reliance Communications’ debt are not keen to convert it at the higher price announced by the company earlier to its shareholders because the current market price is far below the conversion price. Taking this price into account, the lenders are supposed to convert their debt in lieu of a 51 per cent stake in the company at a total equity valuation of Rs 6,150 crore as compared with the current market value of Rs 4,306 crore.

Mahindra & Mahindra (M&M), which had quoted a price 18% higher to Tata Motors in the country’s biggest tender for 10,000 electric cars, has agreed to stretch itself and match the price offered by its rival. Accordingly, the company will now be able to supply 150 eVerito sedans in the first phase of the tender while Tata Motors will supply the remaining 350 electric Tigors. It is not immediately clear at this point how the second phase order of 9,500 units will be split between the two companies.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.