Honda Civic 2019 model to launch on 7th March in India
The tenth generation Honda Civic executive sedan will officially go on sale on March 7 to compete against Corolla Altis, Elantra and Octavia Honda Cars India is resurrecting a popular nameplate officially on March 7. The new generation Civic is…
Government gets applications worth ₹50k cr for Bharat-22 ExchangeTraded Fund
Bharat-22 Exchange Traded Fund (ETF) additional offering, which will help the government to inch close to its divestment target in fiscal year 2019 has received applications aggregating worth ₹50,000 crore. “The offering attracted an aggregated subscription amount of approximately ₹50,000 crore…
Rupee falls 14 paise against US dollar in early trade
The rupee depreciated 14 paise to 70.94 against the US dollar in opening trade at the interbank forex market on Thursday on increased demand for the greenback from importers and banks amid rising global crude prices. A strong dollar in…
Tata Sky, Sun Direct Remove Network Capacity Fee on Free-to-Air Channels
This decision from the two DTH operators comes to light as Telecom and Regulatory Authority of India (TRAI) has extended the deadline for migrating to the new plans to March 31. Tata Sky and Sun Direct have reportedly removed the network…
TRAI Extends Deadline to Select New DTH Plans to March 31
TRAI has given time till March 31 for consumers to opt for channels of their choice under the new framework for broadcasting and cable services, the telecom regulator said Tuesday. In a statement, the Telecom Regulatory Authority of India (TRAI)…
“Reliance invests in Rafale but can’t Pay 550 Crores?” Ericsson In Court
Reliance Communications (RCom) told the court they had tried to move “heaven and earth” to ensure Ericsson gets its due but was unable to do so due to failure of assets sale deal with Jio. Telecom equipment maker Ericsson India…
Swiggy moves beyond food delivery, opens Stores to deliver day-to-day needs
Food ordering and delivery platform Swiggy on Tuesday said it has launched ‘Swiggy Stores’ moving beyond its core food delivery segment to provide access to consumer items across multiple categories. The company will deliver from these stores “in categories such…
ITC Buys Into Ecommerce, To Launch Premium FMCG Products On Its New E-Store
ITC Limited, is reportedly planning to onboard premium products into its recently launched ecommerce website, itcstore.in, as it seeks to expand its market share in the Fast-Moving Consumer Goods (FMCG) segment of India. “ITC plans to sell premium and niche…
RBI cuts repo rate for the first time in 17 months
In a major policy shift, the six member monetary policy committee (MPC) headed by Governor Shaktikanta Das on Thursday lowered the repo rate by 25 basis points to 6.25 per cent in a 4-2 vote. RBI has thus cut rate…
Paytm leads in UPI usage, Google Pay & PhonePe follow
In the UPI usage run, Paytm clocked more than 221 million transactions, while Google Pay and PhonePe were at about 220 million,. PhonePe, however, told leading financial news, across all payment modes it had 225 million transactions worth Rs 30,000…
BSNL brings VRS package, freezes employee benefits
BSNL has frozen its employee benefits and is undertaking other measures to cut down its expenditure drastically, aiming to sustain itself in the current market scenario, its chairman and managing director Anupam Shrivastava told leading news agency. With all the…
Bengal Global Business Summit: Mukesh Ambani announces Rs 10,000 crore investment
The inaugural session of the 5th Bengal Global Business Summit (BGBS) Thursday saw industry heavyweights make several multi-crore investment announcements for the state while the government signed MoUs with Italy, Germany and the Republic of Korea. Reliance Industries chairman Mukesh…
After week-long turmoil discounts, fast deliveries back again on Amazon
Attractive discounts and fast deliveries are making a comeback on Amazon.in website after a week-long operational disruption as its top sellers like Cloudtail, Appario and Amazon Retail returned on its platform on Thursday. The latest FDI rules for foreign-owned e-commerce…
Facebook ‘youth team’ to focus on Messenger Kids app for under-13s
Facebook is restructuring its “youth team” with a greater focus on Messenger Kids, its instant-messaging app for under-13s, reports say. The team, a small group within the company responsible for getting children to use the social network, had previously been…
Seven students from Gujarat among top 50 in CA intermediate
Seven students have scored All India Rank among top 50 in Chartered Accountants Intermediate Examination held in November 2018. While the topper of the state, belonging to Ahmedabad, has scored AIR 10, two students from Surat and Rajkot have scored…
Jewar Airport gets big infra wings from Yogi Adityanath government in UP Budget
UP Budget 2019-20, CM Yogi Adityanath-led government gave big infra wings to Jewar Airport. UP government has earmarked whopping Rs 800 crore for Jewar Airport. The airport which has become talk of the town in terms of development projects in…
SBI to reduce home loan rates
Within a day of RBI reducing repo rate by 25 basis points, the country’s largest lender State Bank of India on February 8 announced a cut in interest rates by 5 basis points on its home loans up to Rs…
Switzerland set to transfer details of Indian account holders in HSBC
The transfer of banking details of accounts held by Indians in HSBC (Suisse) by Swiss authorities has become imminent with account holders receiving a communication from the Swiss Federal Tax Administration (FTA) to provide their written consent and a Swiss…
Government requested the Reserve Bank of India to provide an interim surplus
Government requested the Reserve Bank of India to provide an interim surplus during the ongoing financial year 2018-19 from the amount withheld in the two previous fiscals, Minister of State for Finance P Radhakrishnan said in the Rajya Sabha. RBI…
IDBI may now become LIC Bank
The board of IDBI Bank Monday proposed change in the name of the lender to either LIC IDBI Bank or LIC Bank following its takeover by Life Insurance Corporation. Last month, the insurance behemoth completed the acquisition of 51 per…
Daughters are special: Amitabh
Bollywood Actor Amitabh Bachchan on Monday penned a heartfelt post for his daughter Shweta Bachchan Nanda as her debut novel “Paradise Towers” has become one of the best-selling fiction books. Praising Shweta for the achievement, Big B took to social…
SBI denies reports of data leak
With the recent news hitting that State Bank of India (SBI)’s information related to bank balance, bank account number and other key bits were leaked but has rebutted reports that data of its customers got leaked. “In the incident that has…
Amazon suspends grocery service; withdraws multiple products after new policy
Amazon and Flipkart, multiple products have already vanished from Amazon India website within days of policy implementation. The estimated number of products taken off goes up to 4 lakh, As per Hindi newspaper Amar Ujala, products taken off goes up…
Fresh plans for Air India strategic sale, likely soon
The government would also tap firms that have to meet their minimum public shareholding target of 25% and has sets a disinvestment target of Rs 90,000 crore for FY20. This is “achievable,” said Chakraborty, adding that 10 companies have been…
Budget 2019 full speech
Finance Minister Piyush Goyal in his Budget 2019 speech on February 1, 2019. The budget, the last before April-May Lok Sabha election. “Madam Speaker, I rise to present the Interim Budget for the year 2019-20. I am deeply conscious of the absence…
RCom, Anil Ambani, owed banks $7 billion, moves to bankruptcy Tribunal
Reliance Communications (RCom) on Friday said it will seek fast track resolution through National Company Law Tribunal, the court that deals with bankruptcy cases, to resolve its debt position. RCom, controlled by businessman Anil Ambani, owed banks $7 billion as of…
GST Collections Cross Rs. 1 Lakh Crore In January : FM
The government said on Thursday that GST or Goods and Services Tax collections crossed Rs. 1 lakh crore in January. The Ministry of Finance said that the increase has been achieved despite various tax relief measures implemented by the GST Council to…
Details about Interim budget 2019
This will be BJP goverment’s last budget on February 1 before the upcoming Lok Sabha elections, which will be held in April-May this year. The Union finance ministry has issued a clarification that the budget will be called interim budget amid…
SBI leaks bank balance and other details of millions of customers
A report on Wednesday revealed that the SBI forgot to secure a key server hosting sensitive information in one of its Mumbai installations and that the server might have leaked details of millions of bank accounts. It has been presumed…
Nifty above 10,700, Sensex up 300 points
Benchmark indices opened higher on Thursday with Nifty trading around 10,700. Sensex is up 205.23 points at 35796.48, while Nifty is up 44.40 points at 10696.20. About 532 shares have advanced, 242 shares declined, and 26 shares are unchanged. Tata…