The Indian rupee hit a new all-time low of 71.37 per dollar on Tuesday tracking a similar trend among its global peers and amid concerns of trade war escalation. It opened at 71.24 per dollar surpassing the previous low of 71.21 per dollar, at which it had closed on Monday.[Read More…]
The government has spent an alarming amount of Rs 132.38 crore for GST (goods and services tax) advertisements. It was revealed by the Ministry of Information and Broadcasting in a reply to an RTI query. More than 5 crores were spent on advertisements with outdoor media. Bollywood megastar Amitabh Bachchan[Read More…]
Central Drugs Standard Control Organisations has come up with draft rules to monitor the sale and distribution of medicines through e-pharmacy, bringing pharmacy portals such as PharmaEasy and Netmed under the purview of the government laws scanner. According to the draft rules, the portals selling drugs online will now have[Read More…]
Coca Cola has paid $5.1 billion to buy Costa Coffee chain, the UK’s biggest coffee chain, as the fizzy drinks maker becomes the latest company to tap into the hot market for coffee. The company said on Friday it will buy the Costa coffee brand from British firm Whitbread in[Read More…]
Jindal Stainless Group, which is planning to ramp up its capacity, is looking at a 15-20 per cent growth in revenue in the current financial year, an official said on Friday. “Given the stable condition of the commodity market, we are expecting 15-20 per cent growth in revenue in the[Read More…]
A Bangla customer of HDFC told to “Go to Pakistan or Bangladesh” for expressing his wish to fill the form in Bangla. Amit Sen wanted to fill the deposit form in Bangla language which is also the state language in West Bengal. As Sen submitted the form to the employee,[Read More…]
Food experience platform Foodpanda has announced the launch of The Crave Party on its platform, for which they have designed upcoming offerings keeping the emerging trends and sentiments of the consumers in perspective. “There is nothing more unifying than the love for food and we want to embody that on our platform. Through the most popular categories like desserts,[Read More…]
Delhi: Jindal Steel & Power Ltd (JSPL) has been honoured with CSR Project of the Decade Award 2018 at Chhattisgarh CSR Leadership Summit organized by India CSR Network, at Raipur. Mr. Pradeep Tandon, President & Head of JSPL’s Raipur Unit received the Award from Mr. Brijmohan Agarwal, Minister for water resources[Read More…]
According to the data released by the Directorate General of Civil Aviation (DGCA), domestic airlines carried 11.6 million passengers in July, up 21% compared with the same month last year. “Passengers carried by domestic airlines during January-July 2018 were 800.40 lakhs as against 657.21 lakhs during the corresponding period of[Read More…]
Flipkart Superr Sale: E-commerce giant Flipkart is all set to kick off its one-day sale – the “Superr Sale” – on August 25. In an additional benefit for the Flipkart Plus members, they will get the access to the sale a day before it commences, i.e. on August 24 at 9[Read More…]
Jasper Infotech-owned leading e-tailer Snapdeal increased authorised capital from initial capital of Rs 10 lakh to Rs 15 crore by issuing an additional 8.82-crore shares of Re 1 face value, said business intelligence platform Paper.vc on Monday. “The company’s second Extraordinary General Meeting (EGM) for fiscal 2018-19 on August 6[Read More…]
The dominance of Google and Facebook of digital advertising has led to the number of independent and smaller ad tech companies falling 21 per cent since 2013 to 185 in the second quarter of 2018, the media reported. According to a report in The New York Times on Sunday, venture capital[Read More…]
Rafale Deal has been in controversy for quite some time now. During no-confidence motion against NDA in Lok Sabha on July 20, 2018, the Congress had raised their suspicion. Rahul Gandhi in his speech had claimed that the government’s refusal from revealing the price of the fighter jet with an[Read More…]
About 40,000 people visited IKEA’s first India store on its opening day here, a company spokesperson told IANS. The world’s leading Swedish home furnishings retailer received a huge response from customers on Thursday. “With a huge crowd from across the city thronging the store in the evening, the IKEA staff found it a bit challenging to[Read More…]
The International Monetary Fund has given a warning to Indian government against macro-financial risks which emerged from the government ownership of the private sector banks and even advocated that the Indian government must privatise these lending institutions in order to mitigate these risks. In its review under Article IV, IMF[Read More…]
New Delhi: Fair trade watchdog Competition Commission of India (CCI) has approved the acquisition of e-commerce major Flipkart by Wal-Mart International Holdings. However, a traders’ body said that it will move the court against the approval. @CCI_India approves proposed acquisition of Flipkart Private Limited by Wal-Mart International Holdings, Inc, CCI[Read More…]
In a surprise move, Elon Musk has announced to take his electric car maker company Tesla private at $420 per share. A final decision has not yet been made, but the reason for doing this is all about creating the environment for Tesla to operate best. “As a public company, we[Read More…]
After foraying into the international market with a drive into Australia earlier this year, Indian ride-hailing major Ola on Tuesday revealed its plans to enter the European market by starting operations in Britain within the next month. Ola said it has obtained licences to operate in South Wales and Greater[Read More…]
PepsiCo CEO, Indra Nooyi’s announcement of resignation after working for 24 long years for the company made headlines all over. The first female CEO of the company will step down on October 03 but will remain as chairman till the beginning of next year (2019). She has also been consistently[Read More…]
New Delhi: The Cabinet on Wednesday approved the purchase of a controlling 51 per cent stake in IDBI by the state-run Life Insurance Corp (LIC) which would result in the government becoming a minority shareholder. The nod is a bid to turn around the loss making government-owned IDBI Bank struggling[Read More…]
In an attempt to improve India’s stand on ease of doing business, the Lok Sabha on Wednesday had a debate over cutting down the specified value of commercial disputes from the present the price of Rs 1 crore to Rs 3 lakhs. According to Union Law Minister Ravi Shankar Prasad,[Read More…]
Lucknow: Hitting back for the first time at critics who questioned his perceived friendly relations with corporates, Prime Minister Narendra Modi on Sunday said that unlike some people he was not afraid of publicly standing beside industrialists and business magnates because his intentions were noble. He said industrialists too contribute[Read More…]
Mumbai: The Bombay Stock Exchange (BSE) on Friday said it will launch Weekly Dollar-Rupee Futures & Options Contracts on July 30. According to BSE, the move will help increase liquidity in the market. Currently, monthly contract are available on all approved currency pairs including USDINR currency pair. The introduction of[Read More…]
Gitanjali Group of firms owner Mehul Choksi, involved in a Rs 14,000 crore Punjab National Bank (PNB) banking scam in India, confirmed through a legal response on Friday that that he moved to Carribbean nation of Antigua from the US weeks ago using a local passport. Fugitive Choksi claims he[Read More…]
New Delhi: The GST Council on Saturday reduced tax rates on a slew of items including refrigerators, washing machines and small televisions from 28 per cent to 18 per cent, giving relief to the common man. Apart of bringing down rates the council also exempted GST on sanitary napkins, rakhis,[Read More…]