(Representative image) NEW DELHI: Industrial production declined by 10.4 per cent in July, mainly due to lower output of manufacturing, mining and power generation, as per the government data released on Friday. According to the Index of Industrial Production (IIP) data, manufacturing sector production registered a decline of 11.1 per […]

NEW DELHI: The Centre has released Rs 6,195 crore to 14 states as monthly instalment of post devolution revenue deficit grant. “The government on September 10, 2020 released Rs 6,195.08 crore to 14 states as the sixth equated monthly instalment of the Post Devolution Revenue Deficit Grant as recommended by […]

SEOUL: A $2-billion-plus deal for a South Korean property developer to take over loss-making Asiana Airlines collapsed Friday in the wake of the coronavirus pandemic, with state-owned banks mounting a bailout to try to save 9,000 jobs. The global travel restrictions imposed to try to control the virus have wreaked […]

(Representative image) BENGALURU: Baring Private Equity Asia (BPEA) is acquiring Nasdaq-listed IT services & digital engineering company Virtusa in an all-cash deal that values the transaction at $2 billion. The price per share is a premium of about 27% to the closing price of Virtusa’s stock on Wednesday. Of Virtusa’s […]