Finance minister Piyush Goyal to meet heads of PSU banks today
Finance Minister Piyush Goyal will meet the CEOs of public sector banks Monday to take a stock of the banking sector, and discuss ways to improve their financial health, sources said. The meeting assumes significance as it comes just three…
Vodafone ‘pauses’ Huawei deployment in core network
Vodafone, the world’s second largest mobile operator, said it was “pausing” the deployment of Huawei equipment in its core networks until Western governments resolve concerns about the Chinese firm’s activities. Huawei faces increasing scrutiny over its ties with the Chinese…
Walmart and Amazon from the e-commerce eco system have sought a six-month extension
The government’s drastic intervention in e-commerce at the behest of vested domestic interests and the powerful traders lobby has created consternation in the bulge bracket world of e-commerce in India. With the big players having reached out to the Government…
India and China affecting the world economy Global trade and financial systems should be relooked
German Chancellor Angela Merkel on Wednesday said countries like India and China have begun affecting the world economy much more today and that needs to be taken into account for having a relook at the global trade and financial systems….
Paytm may enter 2 more developed markets in 2019, Says CFO
Digital payments company Paytm is considering foraying into 1-2 more developed markets in 2019, Chief Financial Officer Madhur Deora said on Wednesday at the World Economic Forum in Davos. Paytm has already found its footing in Canada and Japan, and…
India jumps to 54th spot in world’s most innovative countries list
According to Bloomberg report, India as a largest emerging economy did not find a place in 2018, but it made an entry in 2019 and stands at the 54th spot. The 2019 Bloomberg ranking process began with more than 200…
Vodafone plans $3.5 bn war chest to fight against Jio
Vodafone Idea plans to raise as much as Rs 25,000 crore ($3.5 billion) via a rights offering to help India’s largest mobile-phone carrier fend off Asia’s richest man, who continues to roil the industry by providing 4G Internet at prices…
TRAI’s new rules for DTH to reduce Bills
After February 1, 2019, subscribers will be pay only for the channels they have chosen to watch on their dish TV or cable connection, rather than being bound by packs decided by the DTH companies or cable operators. TRAI’s new…
Fuel Price up again
The fuel prices on Wednesday went further up, with petrol being sold at Rs 71.27 per litre and diesel is at Rs 65.90 per litre in Delhi. In Mumbai, the prices of petrol and diesel are Rs 76.90 per litre and Rs 69.01 per litre respectively. While petrol…
India is projected to grow at 7.5 % in 2019 and 7.7 % in 2020 : IMF
International Monetary Fund (IMF) said, ‘India is projected to grow at 7.5 per cent in 2019 and 7.7 per cent in 2020, an impressive over one percentage point ahead of China’s estimated growth of 6.2 per cent in these two…
Rupee marginally lower at 71.23 per dollar
Indian rupee erased most of its morning losses and trading marginally lower at 71.23 per dollar against Friday’s close 71.18. It touched 71.52 intraday on yesterday. Rupee fell in the latter half of the session on Friday primarily as global…
India and France are likely to surpass the UK in the 2019 rankings of world’s largest economy
According to the latest projections by British consultancy multinational PwC, ‘India and France are likely to surpass the UK in the 2019 rankings of world’s largest economy.’ “India and France are likely to surpass the UK in the world’s largest…
Kumbh Mela to generate Rs 1.2 lakh crore revenue: CII
Kumbh Mela, which began on January 15 and will continue till March 4, is expected to generate a revenue of Rs 1.2 lakh crore for Uttar Pradesh, says apex industry body Confederation of Indian Industry (CII). The Uttar Pradesh government…
Flipkart Republic Day sale starts
Fipkart’s Republic Day sale has started with many offers on smartphones, laptops, gaming consoles, tablets, and more. The Walmart-owned company’s first massive sale of the year offers a good opportunity to grab your favourite tech products at a discount. Flipkart…
Reliance Jio users’ data consumption falls after ban on pornographic websites
Reliance Jio saw its average data consumption per user, per month fall to 10.8 GB in the December quarter from 11 GB in the September quarter. This assumes significance as it follows a government ban on pornographic websites. Confirming the…
Fuel prices rise for the 3rd day on Saturday
Fuel prices were increased for the third straight day on Saturday, petrol became dearer by 17-18 paise while diesel price hiked by 19-21 paise per litre across major cities of the country This rising happened due to increase in international…
BMW bike R 1250 GS launched GS India launch price Rs 16.85 Lakhs
BMW R 1250 GS and BMW R 1250 GS Adventure, which were unveiled last year, have now been launched in India. Bookings are open at Rs 5 lakhs. Both motorcycles feature similar design as the outgoing 1200 GS. It gets…
RIL first Indian private firm to post Rs 10,000 crore quarterly profit
Reliance Industries (RIL NSE 0.97 % ) on Thursday put up a solid Q3 show by becoming the first Indian private firm to cross Rs 10,000 crore quarterly profit milestone, on the back of an all-round performance by petrochemicals, retail…
Petrol and diesel prices revised
Petrol and diesel prices witnessed another hike across the country on Friday. After a marginal hike of 0.08 paisa, petrol was being sold for Rs 70.55 per litre in the national capital, while diesel price stood at Rs 64.97 per…
Amul issues legal notice to Google India, Godaddy …. But why ?
Gujarat Co-operative Milk Marketing Federation Limited (GCMMF), which markets the popular Anand Milk Union Limited (Amul) brand of milk and dairy products, issued a legal notice to online search engine giant Google India over carrying paid advertisements for Amul fake…
Petrol, diesel prices hiked again
Petrol and diesel prices continue to increase in different parts of the country on Thursday with one liter of petrol now selling at Rs. 70.47/litre (increase by Rs 0.14) in Delhi. The price of a liter of diesel in Delhi…
Netflix announces biggest price hike to its subscription plans
Netflix said on Tuesday it had raised prices for its U.S. subscribers by 13 percent to 18 percent, as the video streaming service spends heavily on original content and expands internationally. The price hikes will be applied to all existing members…
Petrol prices fall but diesel becomes costlier again
Petrol prices fell across the country while diesel prices continued to rise for the seventh straight day on Wednesday. In major cities of the country, petrol price fell by 8 paise per litre while diesel became costlier by 12-13 paise….
Amazon announces sale before new e-commerce rules come into force
February 1 deadline for revised FDI policy for e-commerce that could restrict deep discounts comes into force, Amazon will begin the new year with a new sale beginning this weekend. The 4-day long ‘Amazon Great Indian Sale’ will start from…
Flipkart co-founder Sachin Bansal has invested Rs 150 crore in Ola
Flipkart co-founder Sachin Bansal has invested Rs 150 crore in Ola. Bansal, who sold his stake in Flipkart when Walmart bought the e-commerce company last year, Over the past two years, Bansal and Ola co-founder Bhavish Aggarwal had become close, with…
Fuel Prices Hiked 6 Times So Far This Year
Petrol prices were hiked by 37-40 paise per litre and diesel rates by 49-53 paise per litre today. That marked the fifth consecutive hike in domestic fuel prices, and the sixth overall so far this year. In Delhi, the price…
India’s Industrial Growth plunges to 17-Month low
Especially capital and consumer goods, pulled down Industrial Growth to a 17-month low of 0.5 per cent in November on the back of significant contraction in manufacturing activity and an unfavourable base effect. According to government data released on Friday evening, the…
FM plans to place its representatives across all Sebi panels
Ministry of Finance (MoF) is planning to place its representatives across all committees empanelled by capital market regulator Securities and Exchange Board of India (Sebi), it is learnt. The Department of Economic Affairs (DEA) has directed the market regulator to…
3 crore penalty slapped on Citibank India by RBI
Reserve Bank of India (RBI) has imposed a penalty of Rs 3 crore on Citibank India. National Bank fined for not complying with directions regarding the ‘fit-and-proper criteria’ for directors of the bank. According to RBI statement, ‘ the action…
Modi government’s flagship programme e-NAM for farmers starts inter-state trade
NDA government’s flagship programme electronic national agriculture market (e-NAM) has started inter-state trade on its platform, facilitating traders of one state to buy agricultural produce of a different state. e-NAM portal was launched by prime minister Narendra Modi in April…