Business

Big news from automobile industry! Mahindra and Ford enter strategic alliance

Mahindra group have entered into a strategic alliance with Ford Motors. The two companies said that they will explore joint product development while aiding each other in gaining a market penetration. ..

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SBI to charge 18% GST on exhaustion of free ATM withdrawals

State Bank of India (SBI) is set to charge customers with 18% GST for each ATM transaction post exhaustion of free ATM withdrawals. In April, the country’s largest bank reintroduced charges on non-maintenance of monthly average balance (MAB) after a gap of five years...

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Now Flipkart packages to become 'anti-theft'

Flipkart says that it will introduce ‘anti-theft packaging’ to securely deliver parcels to customers across the country. The newly innovated packaging, that is currently awaiting patent, incorporates special security features that make the packages both tamper-proof as well as tamper-evident...

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JNPCT awarded Container Terminal of the Year Award

The Jawaharlal Nehru Port owned Jawaharlal Nehru Port Container Terminal (JNPCT) has been awarded the “Container Terminal of the Year” Award for the above 0.6 million Twenty Foot Equivalent Unit (TEUs) category at The Gateway Awards 2017 held at Mumbai..

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Infosys to hire 6000 new engineers in 2 years

Infosys will hire about 6,000 engineers annually over next 1-2 years. The country's second largest software services firm has also ramped up its hiring process in the US and European markets...

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Anti-China sentiment hits Oppo, Vivo sales

The anti-China protest in India over Doklam standoff has heavily impacted the sales of Chinese smartphone makers, Oppo and Vivo. The steep fall in sales and hostile environment have forced the firms to recall over 400 expats to China...

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Indian Ocean Conclave from Thursday, Sushma Swaraj to attend

Minister of External Affairs (MEA) Sushma Swaraj will participate in the two-day Indian Ocean Conference (IOC) scheduled to be held at Colombo from Thursday...

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“My priority is to bring stability to Infosys”; Nilekani says at first board meeting

On the crisis surrounding the IT firm Infosys, Nandan Nilekani, who has been appointed the chairman of Infosys on Friday held a meeting with its Board of Directors, said my priority is to bring stability to Infosys...

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New chapter of India-US relation begins! First US crude oil shipment to reach India next month

Bilateral relations between India and United States have seen a whopping growth mainly in defence, trade etc. Noting one more chapter in a historical relation of New Delhi and Washington, the first consignment of American crude oil worth USD 100 million will reach India next month...

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#MakeInIndia: Indian handset market records 350 million shipments

Indian handset market has crossed 350 million shipments in 2017 as against 280 million in 2016. Revenue accrued from the shipments has surged from 111,000 crore ruppes to 135,000 crore ruppes in 2016, a study by ASSOCHAM-KPMG showed...

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Former media advisor of PM Manmohan Singh Sanjaya Baru will be the next secretary-general of FICCI

Senior journalist Sanjay Baru has been appointed as the new secretary-general of the Federation of Indian Chambers of Commerce and Industry. Popularly known for his controversial book 'The Accidental Prime Minister', Baru has served as the media advisor to former Prime Minister Manmohan Singh from May 2004 to August 2008. ..

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Snapdeal takes a bold you turn; calls off sale to Flipkart

After months of negotiations, Snapdeal has put an end to its sale plans as it decided to remain independent. Although the investors including SoftBank has spent a lot of time engineering an all-stock transaction, founders Kunal Bahl and Rohit Bansal chose to pull the plug on acquisition talks...

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Snapdeal okays Flipkart's $950mn takeover deal

After weeks of negotiations, Snapdeal has reportedly accepted Flipkart's revised acquisition offer of $950mn. With this, the Indian e-commerce industry will have only two major players - homegrown Flipkart and US-based Amazon...

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With ‘Innovation Policy’, Telangana to set up fund of Rs 2000 Cr to encourage entrepreneurs

In order to promote industrial development, Telangana has come up with ‘Innovation Policy’ which aims to encourage entrepreneurs to establish their start-ups in urban as well as in the rural areas. ‘Innovation Policy’ also aims to offer incentives for the investors. ..

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Now, Jio will offer FREE internet to students!

After bombarding the telecom industry with free mobile data packages, Reliance Jio now wants to provide free internet to 3 crore college students. The Ministry is currently looking into the proposal...

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After Prez Kovind’s oath, Sensex hits the historical 10,000 mark

After sworn-in Ram Nath Kovind as the 14th President of India, Nifty reached a record high of 10,000 mark, Sensex soared to its lifetime high of 32,374.30 by rising by 128.43 points. The peak is attributed to widespread buying, spurred by strong results and upbeat global cues. Experts claim that the continuous rally of global markets coupled with influx of foreign investments have kept the bull Run going in stock markets...

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India-Africa trade expected to touch $117 billion by 2020-21 indicating stronger relation

Africa is a developing market for traders from all over the world. From defense to trade, Africa and India have always bonded well. This year for first time India hosted African Development Bank’s annual summit. Indicating stronger relation, a study has reported that India’s trade with African countries is likely to touch $117 billion by 2020-21. Stronger economic ties and strong business opportunities will pave the way...

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India-Africa trade expected to touch $117 billion by 2020-21 indicating stronger relation

Africa is a developing market for traders from all over the world. From defense to trade, Africa and India have always bonded well. This year for first time India hosted African Development Bank’s annual summit. Indicating stronger relation, a study has reported that India’s trade with African countries is likely to touch $117 billion by 2020-21. Stronger economic ties and strong business opportunities will pave the way...

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#RelianceAGM: Jio to cover 99% of population in next year; launches #JioPhones for 'Free'

Reliance Industries (RIL) chairman Mukesh Ambani turned emotional at 40th annual general meeting (AGM) as he dedicated the achievements of the company including the turnover 3,30,000 crore rupees to his father and Reliance founder Dhirubhai Ambani...

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Hurry up! Now stop all that you are doing, open your Paytm app and buy Gold

It is obvious for all of us, that when it comes to buying gold… we think twice, thrice or more than 10 times! Gold! Expensive! Better will wait to fall down the rates of Gold! Etc. Wait! There is good news. Online wallet company Paytm has introduced the feature of availing cashback in the form of Paytm Gold...

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Bank charges reduced! Know more here

State bank of India (SBI) has cut charges for National Electronic Funds Transfer and Real Time Gross Settlement transactions by up to 75%. NEFT fee for transactions up to 10,000 rupees has been cut to 1 rupees from 2 rupees earlier...

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Snapdeal rejects $850 million offer from Flipkart

The board of Snapdeal has rejected the $850 mn takeover offer of Flipkart. The offer was rejected since it fell short of $1 bn valuation that its biggest investor SoftBank Group Corp had sought through the merger...

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#GSTeffect : Tata Motors announces 12% discount on its vehicle

To pass the benefits of the new tax regime, Goods and Services Tax (GST), to all customers, Tata Motors announced a price reduction by up to 12 percent, ranging between Rs 3,300 and Rs 2,17,000 depending on the model and variant...

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Singapore to boost more air links in India at lower fares

With an aim to overtake China and Indonesia, to become the fastest-growing air traffic generating market, Singapore set to explore more airline services to India at lower fares. Singapore’s Changi Airport Group’s Managing Director for Air Hub Development Lim Ching Kiat said that the new services have been explored to Pune, Madurai, Bhubaneswar, and Guwahati will be added to the 15 cities in India that airlines already operate to and from Singapore...

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India's first mega textiles trade fair ‘Textiles India 2017’ signs 65 MoU

With an idea that the current age is a golden era for the development of textile industry, 65 Memorandum of Understandings (MoU) were signed in the textile sectors. MoUs were signed between various domestic and international organisations from industry and government...

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After several years of loss, Cabinet clears Air India disinvestment

Air India is going through tough struggle and faced a huge amount of loss in recent times. Yesterday, a cabinet meeting was held to discuss on the issue of disinvestment of Air India. Air India has reported at least 7 years of losses. Hence cabinet gave in principle’ approval for disinvestment of Air India and five of its subsidiaries. Finance Minister Arun Jaitley announced it after the cabinet meeting...

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Union Cabinet clears much awaited disinvestment process of Air India

In order to fine tune the working of loss-making national carrier, Modi Cabinet today approved the much awaited decision of divestment process of Air India. Informing about this development Finance Minister Arun Jaitley said, “In-principle approval for Air India divestment has been given”. He further mentioned that a group under the chairmanship of the Finance Minister will decided the future action plan of divestment process, proposed by Civil Aviation Ministry...

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First 'Assembled in India' iPhone SE Model to go on sale

Apple’s first batch of iPhone SE, Assembled in India have been launched in select stores across Bengaluru, starting at a price of Rs 27,200 (32GB) and Rs 37,200 (128GB). The boxes that come with ‘Designed by Apple in California, Assembled in India,’ printed on them will roll-out once clarity regarding GST emerges after 1st July. In Bengaluru, the iPhone SE units are being manufactured by Apple’s partner Wistron Corp...

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Bengal CM Mamata Banerjee encourages European Industrialists to invest in the state

Bengal Chief Minister Mamata Banerjee is on a visit to Netherland to address Public Service Day of United Nations. Along with the address, she has attended several meetings. To overcome the challenge in Bengal Industry, she has called on European Industrialists to invest in Bengal. In the Industrialists meet, she has assured that talent can be easily found in Bengal. ..

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Uber Co-founder Travis Kalanick steps down from the chief executive post

Uber, the big name in Industry has been going through series of disastrous events. After the turmoil in the company regarding different scandals, the co-founder Travis Kalanick has stepped aside from his position as chief executive. 5 0f Uber’s largest investors were pressurizing him to resign. The investors demanded they would like a change in leadershi..

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Baby born on Jet Airways gets free lifetime-pass

Jet Airways has announced free lifetime-pass for a baby born on board its flight from Saudi Arabia's Dammam to Mumbai. In a press release, the airline said, "A guest delivered a baby boy at 35,000 feet. Pleased to offer newly-born a free lifetime pass for all his travel on Jet."..

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Hyundai Motor fined by Rs 87 Cr for anti-competitive conduct

The Competition Commission of India (CCI) issues order against Hyundai Motor India Limited (HMIL) for anti-competitive conduct imposes penalty of Rs. 87 crore for the anti-competitive conduct on Wednesday...

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Nokia launches BUDGET phones in India!

The much awaited Nokia 6, Nokia 5 and Nokia 3 have been launched in India priced at Rs 14,999, Rs 12,899 and Rs 9,499 respectively. While Nokia 5 will exclusively be available at offline stores, Nokia 6 will be an Amazon exclusive...

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Kenya Airways moves one step further to direct US flights with 1st set of license

Kenya is going through a political turmoil but wants badly an economic reformation. National carrier Kenya Airways made June 2018 target for National carrier Kenya Airways. They were seeking “economic authority”. The airways have moved one step closer to their target. The Department of Transportation (DOT) granted it the first set of licenses. DOT has granted them “exemption authority”...

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New Russia-China aviation venture planes to beat dominant companies

In the aviation industry, Boeing and Airbus have the majority share. They account the majority of market share. To break this market dominance, Russia and China have formed the China-Russia Commercial Aircraft International Co (Craic). They are planning to produce a twin-aisle airliner. Commercial Aircraft Corporation of China (COMAC) and Russia's United Aircraft Corporation have joined the alley to compete with dominant passenger planes...

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Click here to know paying traffic challans using ‘Paytm’

Paytm has added one more solution that'll come as a major relief to all the Indians. Users can now pay their traffic challans using the app. Paytm has added 'Traffic Challan' tab to its app and users need to enter the details like city, vehicle number to verify the challan, following which the payment can be made...

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With an aim to reach 10 lakh farmers, SBI to hold mega farmers' meet tomorrow

The State Bank of India aims to reach out to at least 10 lakh farmers through the farmers' meets it is organizing at 15,500 rural and semi-urban branches on June 8. "In view of the upcoming kharif season, we have instructed branches to actively pursue lending to farmers in line with the scale of finance fixed for various crops," its Managing Director (national banking group), Rajnish Kumar said...

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Samsung to expand ‘unemployed youth’ training schools in India

Samsung India has partnered with Ministry of Micro, Small and Medium Enterprises (MSME) to set up technical training schools to train unemployed youth in India. Currently, there are 10 such centres and Samsung is planning to set up 2 more in Bengaluru and Jamshedpur in the next 3 years...

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Fly happily with AirAsia at Rs 1,799 only

The budget airline, AirAsia has unveiled a 'Happy Holiday' offer on number routes with fares starting at as low as Rs 1,799 for one-way journey. Many carriers, including AirAsia India, frequently come up with promotional offer to attract passengers. The airline's website showed this low fare on routes such as Ranchi-Kolkata, Kochi-Bengaluru, Kolkata-Ranchi, Goa-Bengaluru, Guwahati-Imphal, Hyderabad-Bengaluru, New Delhi-Srinagar among others. The travel period under the offer is until Nov 23, 2017...

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Tea-lovers get ready to pay more; tea price is likely to increase worldwide

The most beautiful gift to Africa from mother earth is its natural diversity. Kenya, one of the most well-known African nations is major tea exporter of the world. The country’s top exporting ingredient is tea. The local market of the country only consumes 5% of the tea production and rest 95% is usually exported. But unfortunately, last year’s drought reduced the tea production in Kenya leading a climb to higher prices of tea. ..

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GST proposes lesser tax for Sugar, Tea ,Coffee and Milk Powder

India has a complex tax system. Good and service tax(GST) is one indirect tax for a whole nation which will help to India, a common unified market. It may act as a game-changer for Indian business. Under this new taxation system, proposed GST Tax rates would be lesser than the prevailing taxes in case of Sugar, Tea, and Coffee. New GST rate proposes 5% tax for sugar whereas the present incidence of taxes on sugar is 8%. According to proposed GST, tax on Milk Powder, Tea and Coffee would decrease ..

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Do You Know about ‘PayTm Payment Bank’? No! Then you are at right place, Read here

After the PayTm launched its own Payment Bank, it came up with easy services of its users. The Founder, Vijay Shekhar Sharma said that this time the PayTm Payment Bank aims to cater 500 million Indians by 2020. Following are the essential pointers you need to know regarding ‘PayTm Payment Bank.’..

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Ford names James Hackett as its CEO

Ford Motor Company, one of the world’s biggest automobile giants has named American businessman and former football player, James Hackett as its new Chief Executive Officer following the retirement of Mark Fields on May 22...

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India plans to extend East-West Economic Corridor to Vietnam

The India–Myanmar–Thailand (IMT) trilateral highway is a highway under construction that will connect Moreh in India with Mae Sot in Thailand via Myanmar...

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After Airtel, India Post now PayTm launched Payment Bank;To reach 500 million Indians by 2020

After Airtel and IndiaPost , now PayTm too stepped on their footsteps. PayTm launched the Payment Bank in India. PayTm Payment Bank becomes India’s first payment bank to offer zero charges on online transactions, no minimum balance requirement and free virtual debit card...

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Maruti Suzuki to invest Rs 6,000 crore at its Gujarat factory for increasing productivity

With an aim to double the production capacity and effective increase in employment, Maruti Suzuki will soon invest Rs 6,000 crore at its Gujarat factory premises. Notably, the investment will be made within two years after which Maruti Suzuki’s investments in Gujarat will reach to nearly Rs 9,000 crore...

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Iraq becomes leading crude oil supplier in India; replaces Saudi Arabia

Iraq has become India’s leading crude oil supplier replacing Saudi Arabia in the month of April this year. Notably, Iraq replaced Saudi in crude oil export in India as refiners moved to boost their processing margins by purchasing the cheaper Basra Heavy oil grade, ship tracking...

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UAE bans import of agricultural products to encourage local business, healthy foods  

The United Arab Emirates have announced to ban the import of some agricultural products from a number of countries with an agenda to provide healthy and safe food to consumers and to encourage local business. Notably, the Ministry Climate Change and Environment of UAE The ministry stressed and vowed to provide healthy and safe food to consumers collaborating with local authorities and domestic suppliers...

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History's most expensive corporate headquarter to open soon

American multinational technology company Apple Inc has begun testing its newest and the most expensive corporate headquarters in history - The Apple Park. As many as 12,000 Apple HQ employees have moved to the new splashy edifice from the company's old HQ in Cupertino, California. The 2.8 mn square-foot circular building resembles a spaceship. The total building cost is pegged at $5 billion...

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Amplifying generation of worldly life and potential is our specialty: PM Modi

The Prime Minister Narendra Modi, Yesterday attended the 90 years celebrations of the Essel Group. Speaking on the occasion, PM Modi described the programme as an illustration of Indian traditions. He said that India has had a tradition where successive generations take family values forward, and contribute to the family by adding their capacities and capabilities. The event was also attended by President Pranab Mukherjee...

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SBI clarifies ‘Rs 25 per ATM cash withdrawal only for SBI Buddy customers’

The public outrage erupted after State Bank of India SBI announced that charges would be levied on all cash withdrawals from its ATMs from June onward. In a relief SBI reverted, clarified saying that "Rs 25 per transaction charge is applicable only for mobile wallet app SBI Buddy using ATM. This is applicable only for State Bank Buddy customers.”..

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IT Giant TCS starts its BPO Centre in Patna

Small city youth often faces a common problem. Due to bag a good job, they have to migrate metro cities. Now, Patna folks are saved from this problem. IT giant TCS has started their operation in Patna from today. Minister of Electronic, IT, Law and Justice, Ravi Shankar Prasad was present in the inauguration event...

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Mission Cleanliness! Facebook to recruit 3000 people for filtering offensive content soon

In view of live streaming of violent and hateful content on Facebook, CEO Mark Zuckerberg has made an announcement on his Facebook profile. He announced that his company would be recruiting 3,000 people to their community operations team around the world. These people would be employed for filtering offensive content like violence, hate speech and child exploitation on Facebook...

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Be proud Indians! Our CEOs are most confident on business climate

YPO, a premier leadership organization of chief executives in the world conducted a survey on confidence in the business leader. In its latest report, Asia rose in the first quarter of 2017 (1Q 2017), reaching a two-year high. Added to that, Indian business leaders have acquired the position of most confident leaders among the world’s 10 largest economies...

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Now buy Your Dream Home! SBI cuts home loan interest rates to 8.35%

The State Bank of India (SBI) has cut interest rates for home loans effective from May 9. The rates have been cut by 25 basis points to 8.35% for home loans under Rs 30 lakh, and for loans above Rs 30 lakh, interest rates have been reduced by 10 basis points...

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Myanmar, France Chamber of Commerce signs MoU to strengthen economic ties

To strengthen ties between Myanmar and France, Myanmar Federation of Chamber of Commerce and Industry signed a memorandum of understanding (MOU) with CCI French Myanmar. Till now, the total Foreign Direct Investment counts only 1% investment from French firms. The percentage is expected to increase by 1% due to the new memorandum...

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Make more in India! Jaitley calls upon Japanese companies to set up facilities in India

India and Japan are working more closely in recent days. The growing synergy between India and Japan is noticeable. In his visit to Japan, Finance Minister Arun Jaitley, during the bilateral discussion with the Finance Minister of Japan, Taro Aso called upon Japanese companies to set up facilities in India for the metro rail projects...

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For the first time India exported the King of fruits- Mangoes to Australia

Mangoes are the part of elite fruit culture of India and now it happened for the first time that mangoes from India have been exported to the Australia for the first time. Mango is known as the king of all fruits and Australia is very keen to export variety of mangoes from India...

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Prez Mukherjee invites Turkish companies to invest in India with their exceptional expertise

President Pranab Mukherjee welcomed his comrade Turkish President Recep Tayyip Erdogan on his two-day visit to India. Mukherjee expressed his confidence on President Erdogan’s state visit which will impart new impetus to bilateral co-operation between India and Turkey. ..

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Japan’s first joint venture in Myanmar, inaugurates heavy concrete factory

The first Japanese plant producing pre-stressed concrete products, IHI Corporation held an opening ceremony on Sunday in Myanmar. This is Japan’s first heavy concrete factory in Myanmar...

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KYC simple but necessary for bank accounts, RBI

RBI announces KYC as necessary step to maintain a bank account. KYC is a very simple step but should be maintained by customers to open and maintain their bank account...

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ADB, City Bank joins hands for ease businesses transactions in Bangladesh

The Asian Development Bank (ADB) and the City Bank Limited today signed a loan agreement for $5 million to support import and export financing for Bangladeshi businesses. Under the agreement, ADB’s Trade Finance Program (TFP) will provide trade loans to the City Bank to on-lend to local firms...

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No jurisdiction to impose tax on agricultural income: Arun Jaitely

Several news reports published stating that NITI Aayog or its Draft Three-year Action Agenda has recommended that Farm Income in India be taxed to expand the existing Income Tax base. Finance Minister Arun Jaitley has clarified that central Government has no plan to impose any tax on agriculture income...

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SEBI lines up reforms to check any flow of black money

Securities and Exchange Board of India (SEBI) board meets to discuss stricter norms to check any flow of black money into the stock market through controversy-ridden P-Notes as well as initiate steps to allow mutual fund investments via e-wallets. ..

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TCS hires 11,500 employees in offshore markets to tackle visa issue

Tata Consultancy Services (TCS) has hired 11,500 people outside India during 2016-2017. Its net addition of employees during the period is 33,380, taking its total workforce to 3.87 Lakhs at the end of March. However, since governments in US, Australia and New Zealand are tightening visa-related norm, this hiring was necessary...

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After launching in U.K. and U.S., Amazon expands fresh food delivery service in Japan

E-Commerce giant Amazon Japan G.K. is starting their new service featuring deliveries of fresh food, everyday products, and specialist gourmet items. Amazon has teamed up with Mitsukoshi’s flagship store in Tokyo’s Nihonbashi district for their new service...

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Wipro fires 600 employees as part of annual 'performance appraisal'

India's third largest software services company Wipro has fired about 600 of its employees as part of its annual 'performance appraisal'. It is said that the number could go as high as 2,000. Wipro had 1.79 lakhs employees as of December 2016. The Bengaluru-based firm said that the move was to align its workforce with its business objectives. Its full-year and 4th quarter report will come out on April 25. Wipro said its comprehensive performance evaluation process includes mentoring, re-training and ..

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Facebook becoming India's favorite advertisement base; surpasses 5 mn Advertisers Mark

Indian entrepreneurs are increasingly utilizing social media platforms for advertisements. Facebook has said that the number of advertisers on its platform has crossed 5 million and India is among the fastest growing markets. The top three verticals from which ads are flowing are e-commerce, entertainment and media and retail. Notably, 75% of these advertisers are outside the US. ..

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BSNL, MTNL merger is a desirable situation: MTNL CMD

Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) are looking forward to working in coalition. Such a combination is desired for a stronger pan-India play to play a stronger role in the competitive telecom market...

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Buyer says ‘NO’ to 'lakhtakiya'! Tata sold just 174 Nano cars in March

A project that had all potential to be a revolution. However, for reasons unknown, it became one of the biggest fiascos instead. Tata Motors has declared that it sold just 174 Nano cars in March. A parts supplier to Tata said discussions on Nano have stopped and that the company is focussing on platforms like Tiago...

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Making India finacially smart ; RBI plans financial literacy week

The importance of financial literacy has been never emphasized among common people in India. For personal prosperity to national economic growth, good financial habit is very important. To increase financial literacy RBI has decided to observe the week June 5-9, 2017 as Financial Literacy Week across the country...

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Sri Lanka and India are on joint venture to run Trincomalee oil facility

Sri Lankan Petroleum Minister Chandima Weerakkody announced today that India and Sri Lanka will operate the oil storage facility under a joint supervision at the strategic eastern port town of Trincomalee. There are 99 oil storage tanks in Trincomalee among which at least 77 will be managed under the new equity arrangement...

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Now you can get PAN,TAN card in one day!

To start any new venture related to business Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) no. is very important in India. In order to make the process easier for new organizations CBDT has tied up with Ministry of Corporate Affairs (MCA) to issue Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) in 1 day...

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India's largest e-commerce deal; Flipkart raises Rs 9000 Cr from Microsoft, eBay

Indian E-com giant Flipkart raised about $1.4 billion from tech majors like Microsoft, eBay and Tencent on Monday. With this, Microsoft has forayed into Indian e-com marketplace as a strategic investor. The new capital has pushed up the value of Flipkart to $11.2 Billion. Flipkart Group currently owns brands like Myntra, Jabong, PhonePe and Ekart. This is the biggest fund raising by an Indian internet firm...

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Indian Railways records highest business revenue of 1107 mn tonnes

It was concluded that in Financial Year 2016-17, the Indian Railways have noticed a rise in both goods and passenger business after overcoming several odds in its ways. The goods transportation which basically serves the revenue of Indian Railways had recorded the highest ever annual loading of 1107.1 million tonnes (MTs) in 2016-17 beating the previous best of 1104.2 MTs in 2015-16...

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Upper House clears all four GST bills, paves way for GST implementation

The Rajya Sabha passed all the four GST bills on Thursday paving the way for the long-pending Goods and Services Tax (GST) regime from July 1...

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BSE will start charging transaction fee on per trade basis from today

Leading stock exchange BSE will start charging transaction fee on per trade basis from today, a move that is expected to attract a larger number of big deals. Under the new system, it will charge 1 rupee per trade for upto 5 lakh transactions in a month; 70 paise for 5-10 lakh; 60 paise for 10-20 lakh and 30 paise for over 40 lakh...

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April-Feb fiscal deficit rises 6%; growth of country's 8 core sectors slows down to 1%

The government's fiscal deficit stood at 6.05 lakh crore rupees at the end of February this year which is 113.4 per cent of the full year fiscal deficit target for the entire 2016-17 fiscal. For the same period the net tax receipts stood at Rs 8.85 lakh crore and for the month of February, the deficit is seen at Rs 41,400 crore as compared to Rs 40,600 crore (YoY)...

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E-commerce giant Amazon enters in market of UAE by acquiring Souq.com

Amazon, the US-based giant e-commerce company has decided to enter the market of UAE. Therefore, Amazon has acquired Souq.com, the Middle East’s largest online retailer. This agreement brings Amazon into a fast-growing market as it expands into a wide range of services...

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‘Hunar Hub’ to provide opportunity to minorities to preserve and propagate their heritage: Naqvi

Minority Affairs Minister Mukhtar Abbas Naqvi on Friday said that “Hunar Hub” will be established in all the states to provide market-opportunity master artisans belonging to Minority communities to preserve and propagate their heritage. Minister Naqvi said this while addressing the conference of Principal Secretaries/Secretaries-In charge of minority welfare in states/UTs to review the progress of implementation of Multi-Sectoral Development Programme, scholarships & other schemes of Minority Affairs ..

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India home to 101 billionaires : Forbes

According to a latest release by the Forbes magazine, India is home to world's fourth highest number of billionaires with Reliance Industries chief MukeshAmbani leading the club of more than 100 super rich Indians...

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Domestic air passenger traffic in India rises by 16%: DGCA

The Directorate General of Civil Aviation reported that the domestic air passenger traffic across the nation surged by 16% to 86.55 lakh in Feb 2017, over the same period last year. As per the data, Indian carriers together flew a total of 86.55 lakh fliers in Feb this year, compared to 74.76 lakh fliers in Feb 2016, registering a growth of 15.77%...

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Idea merges with Vodafone India, Mangalam Birla to be chairman

Aditya Birla group firm Idea Cellular has announced a merger with Vodafone India, to be the biggest telecom operator in India. Both the firms have agreed to have a combined market share of 43%. Kumarmangalam Birla will be the Chairman of merged Vodafone-Idea entity and both the companies will have equal stakes in the merged entity over a period of time...

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Govt to make India an international ‘diamond trading hub’: PM Modi

Prime Minister Narendra Modi has said that his Government is focusing on to make India an international diamond trading hub. Addressing the International Diamond Conference through video conferencing last evening, PM Modi said that the Centre has taken transformative initiatives like Make in India and Skill India and the gems and jewellery sector is a prime example of the potential of these initiatives...

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Foreign Investments will be happily welcome in MP says CM shivraj

Chief Minister Shivraj Singh Chouhan held discussion in detail related to investment in Madhya Pradesh with Consul General of Russian Federation, Consul General of Singapore, and Consul General of Israel on Saturday. Chouhan said that meeting and discussions were positive. Good result will be obtained in the form of big opportunity towards development and employment in the days ahead...

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Uber launches ‘Real-Time ID Check’ in India; aims to safety for riders

Nowadays, both consumer safety and rider safety is very important in the transport service sector. Therefore cab aggregator platform Uber announced the launch of its ‘Real-Time ID Check’ for its drivers before commencing on rides on Tuesday...

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Paytm withdraws 2% fee on recharging wallet using credit card

We are suspending 2% charge on credit cards for adding money to wallet, keeping users’ convenience in mind, said Paytm on his official press release. The company had introduced the fee after finding multiple users using its platform to get free credit by using credit cards to top up their mobile wallets and then transferring the money back to their bank accounts at zero transaction cost. ..

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India focuses on ease of doing business during Commonwealth Trade summit

India focused on ease of doing business in the country and creating a strong export economy during the Commonwealth summit which kicked off in London on Thursday. India is being represented at the meeting by Commerce Secretary Rita Neotia. Notably, India’s representative Rita Neotia took part in the panel discussion held on Thursday and focused on ease of doing business in the country and creating a strong export economy. She also stressed that India is looking forward to having good trade relations ..

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Paytm to charge 2% fee for recharging wallet using credit card

To combat the misuse of zero fee transfers, digital wallet firm Paytm on Wednesday announced a 2% charge for recharging their wallet using credit cards. It will return the 2% charge in the form of coupons that can be used on its platform...

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Its easy Now: File new simplified Trademark application online and get 10% discount

The Government of India has simplified the process of Trade Mark applications as it has brought a gradual decrease in the number of Trade Mark forms from 74 pages to only 8 pages. Also in order to promote e-filing of trademark applications, the fee for online filing has been kept at 10% lower than that for physical filing. ..

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Snapdeal, Truecaller join hands to enhance consumers shopping experience

Largest Indian e-commerce company SnapDeal has associated with leading communication apps Truecaller to enhance consumer experience by integrating Truecaller Priority in the company's IVR and order confirmation numbers. "We are very pleased to bring the Truecaller Priority feature to our platform. It will help reduce a key friction point in the delivery process; ensuring that our customers don't miss out on any important calls from Snapdeal, and also increase the daily rate of deliveries for us by ..

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Odisha, Invest India join hands with an objective to make India a country of job creators

In order to encourage youth generation aspiring to become entrepreneurs Odisha launched Start-Up Helpline on Wednesday to deliver assistance to them. This helpline aims at providing a platform to youths and other stakeholders in the start-up eco-system to get easy redressal of their queries related to policy, fund raising, company incorporation and idea validation...

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Indians to setup manufacturing unit in Uganda to remove trade imbalance: Hamid Ansari

The vice President of India Hamid Ansari while addressing the media on Friday in Uganda said that in order to remove the trade imbalance between both the countries, Indian manufacturers will set up their manufacturing units in Uganda soon. He further briefed media about the readiness of Indian manufacturers to enter into the market of Uganda...

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Bravo! Double benefits for Jio customers as domestic voice calls, roaming to get free

Jio network has brought the biggest revolution in the history of India after providing unlimited data usage to its customers a few months back. Now, Jio has again surprised all its users after announcing free domestic calls and roaming. Notably, Reliance Industries Chairman and Managing Director Mukesh Ambani on Tuesday announced to kick-start the tariff plans on Jio network on a regular basis in which all domestic voice calls will always remain free and there will be no roaming charges. He also announced ..

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Iran's economy may gt a boost from new oil, gas reserves

Newly discovered oil wells and gas fields may give a fresh impetus to the economy of Iran, which is registering a timid recovery after years of crisis, thanks to the partial cancellation of sanctions in the wake of the nuclear deal...

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TAMRA portal to enhance transparency in mining operations: Piyush Goyal

Piyush Goyal, the Union Minister of State (IC) launched the Transparency, Auction Monitoring and Resource Augmentation (TAMRA) portal and mobile application in New Delhi on Wdenesday. ..

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Swedish Ericson bags 4G deployment contract worth $300 million from Vodafone India

Vodafone India has awarded Swedish Ericson with a 4G deployment contract worth $300 millions. This contract aims to construct and expand the 4G services in India. Today in these competitive markets after Reliance Jio hit the telecom industry services like 4G have become common...

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Iconic Indian car brand ‘Ambassador’ sold for 80 Crores to Peugeot

The notorious brand Ambassador has changed hands with Hindustan Motors offering it to European auto major Peugeot for Rs 80 crore. The Ambassador is based on the Morris Oxford series III model, first made by Morris Motors Limited at Cowley, Oxford in the United Kingdom from 1956 to 1959. Modeled after the British Morris Oxford, the Ambassador was the first car to be made in India and was once a status symbol...

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Iran confirms discovery of 15 billion barrels oil reserves at an offshore gas field in Gulf

As soon as the top officials of Iran confirmed about the discovery of 15 billion barrels of new in-place oil reserves at an offshore gas field in the Gulf, the happiness of the citizens raised at the highest. Because crude oil is the source of income for Iran. Notably, Ali Kardor, the managing director of the National Iranian Oil Company (NIOC), said that they have discovered 15 billion barrels of new in-place oil reserves, but the huge investments and state-of-the-art technology will be required ..

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Automobile giant Tata Motors launches new sub-brand 'TAMO'

In order to regain its turf in the passenger vehicles segment tata Motors has decided to launch a new brand called TAMO. This version will be equipped with latest technology to meet the expectations of consumers...

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Nokia reports a loss of 766 million euros but sales doubled to 6.6 billion euros

Nokia Corporation said that the firm recorded a net loss of 766 million euros last year, but still the sales almost doubled to 6.6 billion euros. Notably, Nokia on Thursday said that the net sales for the period were up from 3.6 billion euros a year earlier, but that the 2016 results weren't directly comparable as it acquired Alcatel-Lucent during the year...

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ASSOCHAM Bizcon survey draws out the impacts of demonetisation on small scale businesses

Demonetisation drive has hit harder too many people but common man has backed it for the good purpose of saving the nation from black money. This decision of demonetisation proved a ‘surprise’ attack on people with illegal source of money, it also affected to the small and medium enterprises that were not prepared. In the joint study conducted by The Associated Chambers of Commerce & Industry of India ASSOCHAM in collaboration with Bizcon Survey it said that demonetization will affect small and medium ..

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SEBI lowers broker fees by 25% to Rs 15 per transaction

Securities and Exchange Board of India, SEBI, has decided to lower broker fees by 25 per cent to 15 rupees per transaction of one crore rupees as part of calibration of various other fees collected by the regulator from different market intermediaries. The move is likely to reduce overall cost of transactions. It also decided to give an option to all market intermediaries and companies to make their regulatory payments in digital mode. The move would help in reducing failures due to payment gateway ..

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Indigo Airlines to fly "mortal remains" of deceased human beings free of cost in North East

Indigo Airlines has taken the initiative from the front to fly "mortal remains" of deceased human beings free of cost to various destinations in the North East. Notably, DoNEAR Minister Jitendra Singh earlier requested to all the Indian airlines to fly "mortal remains" of deceased human beings...

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Amazon apologises over Indian Flag Doormats; regrets at hurting Indian sensibilities

Day after Foreign Minister Sushma Swaraj's strict warning to Amazon over disrespecting Indian sentiments by selling Indian flag-themed doormats on its Canadian website...

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Prime Minister Modi inaugurates Vibrant Gujarat Summit; Calls India a bright spot in the global economy

Calling India a bright spot in the global economy, Prime Minister Narendra Modi said that India's strength lies in demography, democracy, and demand...

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Petrol pumps postpones their decision of cardless payments

On Sunday night petrol pumps postponed their decision to not accept the debit and credit cards for fuel purchase till 13th January. Earlier after announcing demonetization the government announced 0.75% rebate on fuel if purchased through cards but from tomorrow as banks decided to put transaction charges on petrol pumps instead of consumers, the petrol pumps postponed their decision to not accept card payments...

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ASSOCHAM pitches for effective implementation of schemes announced by PM Narendra Modi

Expressing happiness over the Prime Minister Narendra Modi’s address to the nation, apex industry body ASSOCHAM said that steps announced by Modi are ‘extremely positive for the Indian economy...

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