Seattle (US): Amazon on Tuesday announced it will invest $5 billion to build two new headquarters in New York City and Arlington, Virginia. The move will create more than 50,000 jobs across the two new headquarters locations, with more than 25,000 employees each in New York City and Arlington, the[Read More…]
Mumbai: Finance Minister Arun Jaitley on Sunday said that the banking system needed to be strengthened to meet the market’s liquidity requirements and drive economic growth. Jaitley was speaking via video-conference at an event here to mark the 100th anniversary of the Union Bank of India. According to the Minister,[Read More…]
Viral Acharya has been on the advisory council of the Bombay Stock Exchange (BSE) Training Institute
The Securities and Exchange Board of India on Friday said Reliance Communications (RCOM) has settled its case with the regulator by paying Rs 62.40 lakh over alleged non-cooperation with credit rating agencies and debenture trustee. “Reliance Communications Limited filed a suo moto application in terms of the SEBI (Settlement of[Read More…]
The Women and Child Development Ministry in a move to promote and celebrate women farmers and women entrepreneurs’ achievement has set up an online marketing portal for unique organic products of the women farmers and entrepreneurs from across the country and is serving as an e-platform to bring them together. Mahila-E-Haat, is an online portal that was launched[Read More…]
San Francisco: Microsoft’s Head of digital Assistant Cortana Javier Soltero is leaving the company by the end of the year, as Cortana has moved from the Artificial Intelligence (AI) research division into the Experiences and Devices group. First reported by ZDNet on Tuesday, Javier Soltero, Vice President of Cortana, confirmed[Read More…]
New Delhi: Former RBI Governor Raghuram Rajan described the apex bank as a “seat belt” for the Central government which is in the driver’s seat, protecting the government against any “accident”. Speaking to business news channel CNBC-TV18, Rajan said that historically governments have wanted to focus on economic growth but[Read More…]
Mumbai: Broadly negative Asian markets and profit booking pushed the key equity indices in the red during the afternoon session of the trade on Monday. Except for IT, selling pressure was witnessed in almost all the counters led by the oil and gas stocks. Consumer durables, banking and finance stocks[Read More…]
Diwali Sale: The 5-day Big Diwali sale on Flipkart’s Big Diwali Sale, and Amazon’s Great Indian Festival Sale is offering huge discounts on mobiles, smartphones, cameras, TVs, and appliances, electronic devices, accessories, gold coins, precious jewellery, clothing and more. The sale is live on its third day for Flipkart and[Read More…]
New Delhi: Alibaba and SoftBank-backed Paytm on Friday said it witnessed 600 per cent growth in the Unified Payments Interface (UPI) transactions in the last six months. One97 Communications Limited, that owns the brand Paytm in India, said the platform registered over 179 million UPI transactions in October. “It is[Read More…]
Diwali Sale: Amazon and Flipkart bang with its third wave of festive sale. Flipkart is live with Big Diwali sale from today, and Amazon announced to kick-start its Great Indian Festival Sale on Tuesday. The 4-day Big Diwali sale is offering huge discounts on mobiles, TVs, and appliances, electronic devices,[Read More…]
Mumbai: Automobile major Tata Motors on Wednesday reported a standalone net profit of Rs 109.14 crore during the quarter ended September 30, on the back of rise in sales. During the same period last year, the company reported a net loss of Rs 283.37 crore, Tata Motors said in a[Read More…]
Mumbai: The new board of IL&FS Group on Wednesday submitted the progress report to the National Company Law Tribunal, Mumbai (NCLT). According to the company, a “Report on Progress and Way Forward” has been submitted with the Ministry of Corporate Affairs, which filed the same with the NCLT. “The report[Read More…]
Kolkata/Mumbai: In the opening day of Coal India shares sale by the Centre, the portion of shares reserved for non-retail investors, was oversubscribed by 1.06 times on Wednesday. According to an NSE data, non-retail investors put in bids for 15.84 crore shares, as against the offer of 14.89 crore shares.[Read More…]
Mumbai: Caution over upcoming quarterly results along with profit booking pulled the key Indian equity indices in the red on Tuesday. Heavy selling pressure was witnessed in the banking, oil and gas and energy sectors, while all the other counters were in the green on BSE, led by IT. According[Read More…]
Old Monk, one of the oldest alcohol brands in India, has launched new collection of rum with some interesting flavours including Old Monk Orange Rum, Old Monk Lemon Rum, Old Monk Apple Rum, Old Monk White Rum, Old Monk Cola, Old Monk Cranberry and Old Monk Mojito. According to social[Read More…]
Mumbai: A day after the Rs 54,000-crore offer, made by the Essar Steel’s board and shareholders to repay the entire debt of the company, ArcelorMittal on Friday said the Committee of Creditors (CoC) has voted to approve its acquisition plan for the debt-laden steel company. It also said resolution professional,[Read More…]
Bhubaneswar: Jindal Steel and Power Ltd (JSPL) chairman Naveen Jindal on Friday said the steel production capacity of its plant in Odisha’s Angul would be increased to 20 million tonnes per annum (mtpa) by 2030. “Once we achieve the full capacity of 6 mtpa, which we will do next year,[Read More…]
Reliance Jio has banned hundreds of pornographic websites from its network after Department of telecommunications ordered to block such contents from reaching the users. Reliance Jio announced in its September quarter financial result that the average video consumption of 17.5 hours pulled the usage to this extent. However, Mukesh Ambani’s[Read More…]
New Delhi: Telecom major Bharti Airtel on Thursday reported a 65.4 per cent year-on-year fall in its consolidated net profit for the quarter ended September. The company’s net profit stood at Rs 119 crore, down from Rs 343 crore reported in the corresponding period of financial year 2017-18. Airtel’s total[Read More…]
Mumbai: In a bid to take back the control of their asset, Essar Steel on Thursday said its board and shareholders submitted a proposal to the Committee of Creditors (CoC) offering to repay Rs 54,389 crore and also sought withdrawal from insolvency proceedings. “The shareholders of Essar Steel have today[Read More…]
Beijing: Chinese trade portal giant Alibaba has launched Global Shopping Festival in Beijing that seek to offer consumers high-quality products, fast and reliable services, it said on Monday. The 10th edition of the festival would be the largest-ever in terms of scale and reach and 500,000 items would be available[Read More…]
Mumbai: Broadly positive Asian markets, along with a stable rupee and value buying pushed the key domestic equity indices higher during Monday’s morning trade session. In addition, healthy buying was seen in interest rate sensitive stocks like banks, auto and capital goods. Besides, the Indian rupee strengthened to around 73.28[Read More…]
Mumbai: Lending major HDFC Bank on Saturday reported a 20.6 per cent increase in its net profit to Rs 5,005.73 crore during the quarter ended September 30, 2018, as compared to Rs 4,151.03 crore in the year-ago period. The Bank’s total income for the quarter under review was at Rs[Read More…]
Mumbai: Housing prices in Delhi have fallen marginally for the first time over the last eight years even as all-India house prices went up by an average of 5.3 per cent in the quarter ended June 2018, according to RBI data. “Except Delhi, all other cities recorded a rise in[Read More…]
