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…
India improved its ranking in Global Corruption Perceptions Index, ranks 78th
India has grabbed the 78th spot on the Global Corruption Perceptions Index 2018, said a report released by Transparency International (TI) on Tuesday. So, India improved its ranking in Global Corruption Perceptions Index. Corruption Perceptions Index (CPI) is an index published annually by…
50% discount on domestic, international flights on Jet Airways
To grab customers the full-service carrier Jet Airways has announced a sale under which customers can grab a 50% discount on domestic and international flights. Under its ‘Republic Day Sale,’ the carrier is offering customers a discount of up to 50% on…
Soon you will able to Switch DTH providers without changing Set Top Box : Trai
Telecom Regulatory Authority of India (Trai) has said that it is planning to make all the set-top boxes (STBs) interoperable by the year-end. Last year, the Trai had introduced some radical changes to the pricing of DTH operators, introduced new…
Rupee gained in the early trade today
Indian rupee gained in the early trade on Monday. It opened higher by 18 paise at 71 per dollar versus Friday’s close 71.18. Rupee broadly consolidated in a wide range of 70.70 and 71.40 (Spot) for the tenth successive sessions despite plunge in…
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…