Business

CBDT signs advance pricing agreement with Japanese firm

New Delhi: The Central Board of Direct Taxes (CBDT) has entered into an advance pricing agreement (APA) with an Indian subsidiary of a Japanese trading company to foster a non-adversarial....

GE to invest $31 million in Mytrah wind energy project in Andhra Pradesh

Hyderabad: GE Energy Financial Services has agreed to invest $31 million in Mytrah Vayu (Tungabhadra) Private Limited (MVTPL) to support development of 200 MW wind energy project in Andhra Pradesh.....

GST passed — Things that will become more expensive and cheaper

New Delhi: Even though the historic Goods and Services Tax (GST) bill was passed unanimously in the monsoon session of the Parliament on Wednesday, many citizens are concerned about the....

Frequently asked questions related to Goods and Services Tax

With Goods and Services Tax (GST) bill tabled in Rajya Sabha, there are many questions which frequently pop up in the minds of the general consumers. Here is a list....

Bitcoin value crashes through the roof as security breach confirms theft of $60 million

New Delhi: After Hong Kong-based Bitcoin exchange Bitfinex abruptly halted all trading of the virtual money, it was apparent that something grossly inaccurate had occurred. And when the value of....

Gauri Khan to be guest of honour at IREX 2016

New Delhi: Gauri Khan, entrepreneur and wife of Bollywood superstar Shah Rukh Khan, will be guest of honour at the second edition of the International Real Estate Expo (IREX) here.....

Rajesh Thadani is new Lenovo India Consumer Business Head

Bengaluru: Chinese smartphone major Lenovo on Monday announced the appointment of Rajesh Thadani as Head and Executive Director-Consumer, Online and E-commerce, Lenovo India.   In his new role, Thadani will....

HCL Infosystems posts Rs 35.7 cr net loss in first quater

Mumbai: HCL Infosystems said on Saturday that it posted net loss of Rs 35.7 crore for the April-June quarter of 2016-17.   In a regulatory filing to the BSE, the....

Flipkart lays off 700 employees in ‘normal’ course of action

NEW DELHI/BENGALURU: With the start-up bubble beginning to pop, funds have thinned across boards and Pink Slips are becoming more visible among many companies in the e-commerce sector. Online shopping....

Amazon Prime is here! All you need to know about it

  New Delhi: In a bid to rule the e-commerce market, American shopping giant Amazon has launched its prime service in India.    If you are wondering what Amazon Prime....

Rumours suggest that iPhone 7 will be released on September 16

New Delhi: Sparking excited speculations in the smartphone market, one mobile phone leaker has revealed that Apple might announce release of its iPhone 7 as soon as September. Evan Blass,....

Flipkart Ltd acquires Jabong through Myntra; stomps Snapdeal, Future Group

New Delhi: Indian giant e-commerce company Flipkart Ltd has acquired online fashion portal Jabong through Myntra to solidify and expand its reach in the Indian market. Global Fashion Group, a....

Verizon Communications to buy Yahoo for $4.83 billion

New Delhi: Verizon Communications Inc on Monday announced that it has entered into an agreement to purchase US internet firm Yahoo's core business for $4.83 billion in cash, ending a....

Centre urges states to remove local taxes, cap prices of essential commodities

New Delhi: The Centre has urged states to remove all local taxes and consider capping the prices of pulses, edible oils and other essential commodities to help make these available....

Ministry of Finance announces recapitalisation of 13 state-run banks with Rs 22,915 crore

New Delhi: The Ministry of Finance on Tuesday announced the much-awaited capital infusion of Rs 22,915 crore towards the recapitalisation of 13 public sector banks during 2016-17, with the largest....

With Pokemon Go’s success, Nintendo’s value soars highest in decade

Tokyo: The 'Pokemon Go' fever that has gripped smartphone users across the globe has led Japanese videogame giant Nintendo to double its value at the Tokyo Stock Exchange on Tuesday.....

GST, corporate results hold key to velocity of Indian equities

Mumbai: Despite the volatility and mixed first quarter results from some big corporate entities, key Indian stock market indices ended higher during the trading week that ended on July 15.....

SBI to provide work from home facility to its female employees

New Delhi: The State Bank of India (SBI) has decided that it will provide 'work from home option' to its female employees. The technological feasibility will be checked by the....

Gadkari woos global investors for ambitious ‘Move in India’ mission

New York: India's Road Transport, Highways and Shipping Minister Nitin Gadkari during his visit to the world's financial capital has been pitching the investment potential in India's infrastructure as it....

Food prices rise pushes retail inflation sharply to 1.62%

New Delhi: Ballooning prices of food articles pushed up India's annual wholesale price index sharply to 1.62% for June from 0.79% for the month before. This kept the inflation level....

Nintendo shares rise 16% due to Pokemon Go

Tokyo: Shares of Japanese video games giant Nintendo soared on Thursday by 16 per cent at the Tokyo Stock Exchange due to the stupendous success of its new smartphone augmented....

Coal India Board approves buyback of over 10 crore shares

Kolkata: Coal India Board has approved a buyback of over 10 crore shares at a price of Rs 335 per share for an aggregate consideration not exceeding Rs 3,650 crore,....

Phiroz Vandrevala quits Tata Consultancy Services as director

Mumbai: Indian IT bellwether Tata Consultancy Services Ltd (TCS) on Saturday announced that its non-executive director Phiroz Vandrevala resigned from the company for personal reasons on Friday.   "Phiroz Vandrevala....

Oil prices rally on upbeat nonfarm payrolls data

New York: Oil prices pared part of early gains to end mildly higher on Friday, as the country's nonfarm payrolls data came out much stronger than expected. The West Texas....

Jaiprakash Associates cement unit sale to benefit ICICI Bank

Chennai: US-based investment banking firm Jefferies said the decision of Jaiprakash Associates to sell off its cement plants to Ultratech will be beneficial to ICICI Bank. In a report, Jefferies....

NS Vishwanathan takes charge as RBI Deputy Governor

Mumbai: Reserve Bank of India (RBI) announced on Monday that NS Vishwanathan assumed office as a Deputy Governor, replacing HR Khan, who retired on turning 62.   "NS Vishwanathan took over....

Brexit aftermath: Asset managers retreat from London

London: Asset managers have started their detachment from London following Britain’s historic vote to leave the European Union (EU), with fund companies finalising plans to reduce their reliance on the....

Myntra’s ‘End of Reason Sale’ sale turns out to be a reason of joy for all

Bengaluru: Myntra's fourth edition of End of Reason Sale (EORS) turned out to be a reason of joy for all. The e-commerce platform logged over two million item orders by....

$10 billion lawsuit filed against Apple by Florida man for ‘copying’ his designs

New York: A Florida-based businessman has filed a $10 billion lawsuit against Apple alleging that the tech giant stole his designs from a utility patent he filed in 1992 to....

Mahanagar Gas makes impressive debut, shares jump over 30%

New Delhi: Shares of natural gas distribution company Mahanagar Gas Ltd (MGL) made an impressive debut on stock markets on Friday. They jumped over 30% to hit an intraday high....