Smashing all its previous records, Sensex on Thursday reached to close at a high of 30,750 zooming 448 points, the biggest single-day gain in over two months. On May 19th, the 30-share Sensex had scaled an all-time high of 30,793.43 (intra-day), breaking its previous record of 30,712.35. The gauge galloped[Read More…]
Jindal Steel and Power Ltd (JSPL) that started its performance recovery in 3QFY17, managed the uncertainties well and achieved performance level which were superior not only compared to FY16 but also Q3. Although market for raw materials and finished products were quite volatile, the company continued its momentum for an[Read More…]
With millions of people choosing luxury in their air travel, India’s passenger growth has increased by 20 per cent. Not only that, India might overtake the United Kingdom as the world’s third largest aviation market by 2026. Considering these factors, the Dubai-based Business Aviation Concepts (BAC) is providing top-notch customer[Read More…]
Should you buy a new car now Or after GST is rolled out? India is finally on the verge of having a simplified taxation system. But before the Goods & Service Tax (GST) comes into effect on July 1, 2017 (proposed), and replaces multiple state and central taxes with a[Read More…]
The Indian entertainment industry has gone through a colossal change in terms of content and distribution in the last couple of decades. With the emergence of new and alternate media, which spread like an epidemic among the youth of the country, many new outlets and enterprises have sprung up now[Read More…]
Just when the world was paranoid about the cyber threats, Zomato has admitted that 17 million usernames and passwords have been stolen by hackers from its platform. However, it further added that information relating to payment remains safe them. Notably, this is the second breach of Zomato’s system the past[Read More…]
Global networking giant Cisco Systems would extend its restructuring plan to lay off 1,100 more staff. Earlier, Cisco Systems had earlier announced the restructuring plan in August 2016 to reinvest in “key priority areas.” It had a plan to lay off up to 5,500 staff, or 7 per cent its[Read More…]
Just when Reliance was enjoying Jio’s popularity and success over making 4G Internet incredibly accessible to Indians, Mukesh Ambani, 60, comes at the top of the list for his game-changing efforts to bring the internet to India’s masses. “Anything and everything that can go digital is going digital. India cannot[Read More…]
BSE managing director and chief executive Ashish Kumar Chauhan has been appointed as the new chairman of South Asian Federation of Exchanges (SAFE). SAFE is a forum of 28 member entities from the SAARC regions including Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka etc. The forum gives[Read More…]
After a substantial lay off by IT majors, the sector was taken aback by the vulnerability of their job security. However, an expert has branded it as a regular restructure, essential to counter industry slowdown. It was a phenomenon that is taken up every three to five years, said IT[Read More…]
Vijay Nair, an influential media entrepreneur who is known for his innovative start-up: Only Much Louder (OML), has recently made the case for him being stalked on the internet, public. In a detailed report by Huffington post, the nuances of the case has been laid bare. Nair’s case of being[Read More…]
Paytm is ready to buy rival digital payment platform FreeCharge as it has signed a non-exclusive term sheet to acquire it. It is set to buy this Snapdeal-owned company, in what is expected to be an all-cash deal. According to people who are closely associated with the developments, Paytm will[Read More…]
Protest against proposed Adani power plant in Godda district of Jharkhand is intensifying with every passing day. In the latest development, the mass movement was fueled by thousands of poor women who gathered from diverse villages and protested on the streets of Godda with raising slogans against Adani. The locals[Read More…]
Low-cost carrier Indigo on Monday announced its ‘Summer Sale’ with fares starting as low as Rs 899 on select domestic routes. The offer opens from May 8 and will be available till May 10, Indigo said in s statement. Notably, the offer is valid for bookings made 20 days prior[Read More…]
Bitcoin towered an all-time high above $1,400 on Tuesday which is technically more than triple of its value over the past year. This comes alongside the recent rise in demand for the service in Japan, where the digital currency has been considered a legitimate means of payment. Bitcoin rose around[Read More…]
In order, to tackle the problem of fake identities, centre to soon make Aadhaar number compulsory for vital managerial personnel and directors in regulatory filings under the Companies Act. The move is initiated at a time when authorities are taking steps to deal with the dangers of shell companies which[Read More…]
The Indian capital market regulator– the Securities and Exchange Board of India on Friday, expressed deep concern over the standard of corporate governance. It said that in India there is “no code of conduct” for institutional investors. “Is the system of corporate governance in the country working satisfactorily…The majority would[Read More…]
India’s benchmark BSE Sensex on Wednesday shot up by over 128 points to 30,071.61 and Nifty scaled 9,343.15- both record high- in opening trades. High Foreign fund inflows and sustained buying by retail investors are the main reasons for the record high. The 30-share BSE Sensex rose as much as[Read More…]
Top Indian IT firms namely TCS and Infosys have been accused by the US of unfairly cornering the majority of H-1B visas by putting extra tickets in the lottery system, which the United States administration wants to replace by giving more scope to immigrants on the basis of their merit.[Read More…]
