Business

Walmart Close To Buying Flipkart In $12-Billion Deal: Report

Walmart's purchase of new equity is likely to value Flipkart at at least $18 billion

Mumbai: Walmart Inc could seal a deal to buy a more than 51 per cent stake in online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday.

The US retail giant has been in talks with Flipkart for months to acquire a

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Apple Loses $60 Billion Over Reports Of Weak Smartphone Demand In 2018

Apple shares fell nearly seven per cent on Thursday and Friday

Taipei: Apple lost over $60 billion in market cap in two days after Taiwan Semiconductor, Apple's biggest supplier, said in an earnings update that second-quarter revenues would be hit by "weak demand from the mobile sector".

Apple shares fell nearly seven per cent on Thursday and Friday

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Government To Seize Assets Of Future Vijay Mallyas, Nirav Modis

A special anti-money laundering court will declare a suspect fugitive before action is taken

Government authorities such as Central Bureau of Investigation (CBI) will be empowered to seize properties of super-rich fugitives whose
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IRCTC South India Tour: Dates, Cost, Flight Schedule And Other Details

South India Divine Tour cost includes travel Insurance and all applicable taxes including GST, says IRCTC

IRCTC or Indian Railway Catering and Tourism Corporation is offering a seven-day tour at Rs 35,165 to select destinations in the southern parts of the country. This was said by IRCTC, the ticketing arm of Indian
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Fugitive Economic Offenders Ordinance Comes Into Force

Ordinance lays down the measures to empower authorities to confiscate the proceeds of crime

As the Fugitive Economic Offenders Ordinance 2018 gets the President's assent, the new legislation gets promulgated, or comes into force. With the new law coming into force, Indian authorities are now empowered to attach and
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RBI Makes Aadhaar Pivotal To KYC Compliance. Five Things To Know

RBI said its decision on aadhaar is subject to the final order by the Supreme Court

The Reserve Bank of India (RBI) has made linking of national biometric ID Aadhaar to bank accounts mandatory as part of its updated 'Know Your
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Choppy Start For Markets: Sensex Edges Lower, Nifty Holds 10,550

Shares in PSU oil marketing companies BPCL and HPCL rose over 1%

Sensex and Nifty edged lower today amid weak Asian markets. The Sensex was down nearly 50 points at 34,368 while Nifty was off 5 points at 10,559. Asian stocks
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Economy Could Grow At 7.4% This Fiscal: RBI Governor In US

India's annual retail inflation eased for a third straight month in March to 4.28 percent

India's economy could grow at 7.4 percent in the fiscal year to March 2019 after a "resilient performance" in the second half of the
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HDFC Bank Q4 Results: Net Profit Jumps 20% To Rs 4,799 Crore

The HDFC Bank's board recommended a dividend of Rs 13 per equity share of Rs 2

HDFC Bank, the second-biggest lender by assets, posted March-quarter net profit at Rs 4799 crore, 20% higher than the corresponding quarter a year before. At the same time, HDFC Bank's bad loans rose. HDFC Bank's net profit jumped 20.3%
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Choppy Start For Markets: Sensex Edges Lower, Nifty Holds 10,550

Shares in PSU oil marketing companies BPCL and HPCL rose over 1%

Sensex and Nifty edged lower today amid weak Asian markets. The Sensex was down nearly 50 points at 34,368 while Nifty was off 5 points at 10,559. Asian stocks
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Cash Shortage: SBI Tells Customers To Use PoS To Withdraw 2,000 Rupees

State Bank of India (SBI) boasts of over 4.78 lakh PoS (points of sale).

The State Bank of India (SBI) urged its customers, via a tweet on Sunday, to use their SBI debit cards to withdraw as much as upto Rs 2,000 in tier 3-6 cities at any of its POS (point of sale) centres. However, in tier 1 and 2 cities, the
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PNB Embraces Gandhigiri To Recover NPAs Amounting To 1,800 Crore Rupees

PNB team visits the borrower's residence and sit their silently with placards

Punjab National Bank (PNB) is expected to recover around Rs 1,800 crore from its non-performing assets (NPAs) recovery mechanism -- "Mission Gandhigiri" -- which will soon complete one year of operation. A senior bank official said gandhigiri, launched in May 2017, had
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Petrol, Diesel Prices Hiked For Fifth Day In A Row

Petrol price in Delhi is at its highest recorded level since September 14, 2013

Petrol and diesel prices today were hiked by 10 paise per litre across Delhi, Mumbai, Chennai and Kolkata. With that, while diesel price is at its highest ever level recorded in Delhi, petrol price is at a 55-month high.

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RBI Circular Barring Banking Service For Crypto-Currencies Challenged

The Delhi High Court has sought the response of the Centre, the RBI and the GST Council

The Delhi High Court has sought the response of the Centre, the RBI and the GST Council on a plea challenging a circular which prohibits banks and financial institutions from providing any service in relation to virtual
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Railway To Extend Give It Up Scheme To All Categories Availing Concession

Railways extends passenger fare concessions in 53 categories.

New Delhi: Buoyed by its success with senior citizens, the Indian Railways is set to extend its 'Give it up' scheme to include other concession holders to offset its nearly Rs 33,000-crore subsidy burden in annual passenger fares.

The decision was taken after figures showed that following

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TCS First Indian IT Company To Touch 100 Billion Dollar Market Value

TCS posted a net profit of Rs. 6,904 crore in the March quarter, beating analysts' estimates

TCS or Tata Consultancy Services' market capitalisation or market value hit 100 billion dollar today, making it the first Indian IT company to achieve the mark. TCS shares moved nearly 4 per cent higher today, extending
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Duty Free Shops At Delhi Airport Liable To Pay GST: AAR Rules

The ruling was given by the AAR based on an application filed by Rod Retail

New Delhi: Global passengers buying goods at airport 'Duty-Free' shops will have to pay GST, with the Authority for Advance Ruling (AAR) saying that such outlets at the Delhi International Airport is not 'free from duties' under the Goods and Services Tax regime. In the
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EPF Vs NPS: Which Is Better Retirement Saving Option Five Things To Know

Both EPF and NPS contributions are exempt from income tax subject to some caps

The Employees Provident Fund (EPF) and National Pension System (NPS) are viable saving options that enable regularly-made savings to grow into a
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Airtel's Rs 549, Rs 799 Prepaid Recharge Plans Now Offer More Benefits

These two prepaid recharge plans of Airtel are valid for 28 days.

Bharti Airtel recently revised its existing prepaid recharge plans priced at Rs 549 and Rs 799 and is offering more data benefits now. Airtel's revised Rs 549
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HDFC Bank Board Recommends 650% Dividend Out Of Q4 Profits

HDFC Bank announced Rs 4,799 crore net profit for the fourth quarter of fiscal 2018

While announcing its fourth quarter results, HDFC Bank board recommended a dividend of Rs 13 per equity share of Rs 2 each (i.e.650 per cent) out
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Petrol Price Skyrockets To 55-Month High, Diesel More Expensive Than Ever

Diesel price hit a new all-time high of Rs 65.46 a litre

Petrol price surged to hit a new 55-month high on Saturday as it touched a high of Rs 74.21 a litre in New Delhi, while diesel price hit an all-time high of Rs 65.46 in the national capital. The state-owned oil firms raised petrol rates by 13 paise per litre
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Tax-Saving FDs: SBI Vs HDFC Bank Vs ICICI Bank Vs Axis Bank

With effect from April 20, HDFC Bank revised interest rates on its tax-saving fixed deposits.

Major banks like State Bank of India (SBI), ICICI Bank, HDFC Bank and Axis Bank offer the option of income tax-saving fixed deposits.
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Market Outlook: Global Cues, Quarterly Results To Influence Trend

On technical levels, the National Stock Exchange's (NSE) Nifty50 remains in an uptrend.

Mumbai: Global cues such as volatile crude oil prices, along with the policy stance of major global central banks and the ongoing quarterly results season are expected to guide the Indian equity market's trajectory next week. According to market observers, April
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Cabinet Approves Ordinance For Fugitive Economic Offenders

The Bill seeks to confiscate properties of economic offenders - like Nirav Modi.

New Delhi: The Union Cabinet today approved a proposal to promulgate Fugitive Economic Offenders Ordinance 2018 that provides for confiscating
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-Deliver Everything In Two Hours-: Amazon Has Big Plans For India

Amazon has over 100 million registered users in India.

Bengaluru: Amazon.com Inc expects groceries and household products to account for over half of its business in India in the next five years, as it moves to broaden offerings in the segment and foray into areas such as fresh produce. Amit Agarwal, the India head
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SBI's Free Of Charge PoS Machines: Withdrawal Limits And Other Features

SBI has a total of 6.08 lakh PoS machines of which 4.78 lakh are enabled to dispense cash.

State Bank of India (SBI) has 4.78 lakh cash Point of Sale (PoS) machines for all customers holding debit cards, as informed by country's largest lender in a tweet on its official handle- @TheOfficialSBI. Currently, SBI is providing cash withdrawal through
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Indian Railways Luxury Trains In PICTURES

'Deccan Odyssey' is a special luxury train based on the model of 'Palace on Wheels'.

Indian Railways and IRCTC operate several luxury trains in India- namely Maharajas' Express, Palace on Wheels, The Deccan Odyssey and Royal
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IRCTC Tourism Offers 12-Day Gangtok Darjeeling Holiday Package

IRCTC's maximum fare is Rs 65,100 for the Gangtok Darjeeling Special Holiday Package

This summer, you can plan for a long trip spanning across 12-days and 11-nights. An exclusive IRCTC air-conditioned train will cover Gangtok,
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Indian Railways Ticket Booking: List Of Concessions Offered

Children below 12 years need to pay only 50 per cent fare, as for normal tickets.

Indian Railways offer concessions on ticket prices to different categories and the quantum of these concession ranges from 25 per cent to 100 per cent. According to Indian Railways portal-indianrail.gov.in, there are some

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Apple Loses $60 Billion In Market Cap In Two Days As Shares Fall 7%

Apple loses market cap on a report that suggests weak demand of mobile phones

Taipei: Apple lost over $60 billion in market cap in two days after Taiwan Semiconductor, Apple's biggest supplier, said in an earnings update that second-quarter revenues would be hit by "weak demand from the mobile sector". Apple shares fell nearly seven per cent on
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