Business

Walmart May Be Favored Over Amazon To Buy Flipkart: Report

Walmart is in talks to take a minority stake in Flipkart that could go up to 50 or 60%.

Walmart Inc. looks likely to take the next round in the battle for India’s retail market over rival Amazon.com Inc.

Flipkart Online Services

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GoAir Offers Flight Tickets From Rs 1,566. Details Here

GoAir is offering starting airfares ranging from Rs 1,566 to Rs 4,048 on select routes

GoAir is offering flight tickets starting at Rs 1,566 on select routes. Under a limited-period scheme, GoAir is offering flight tickets on
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ONGC, Reliance Industries In Talks With Customers To Sell East Coast Gas

India's current total consumption of natural gas at end of March 2018 stood at 145 mscmd

New Delhi: India's Oil and Natural Gas Corp Ltd and Reliance Industries Ltd have started discussions with buyers to sell natural gas from their fields in the Bay of Bengal that are expected to start production over the next three years.

The plan is to transport

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New Delhi: India's economic growth will rise to 7.3 per cent this fiscal and further to 7.6 per cent in the next financial year, retaining the fastest-growing Asian economy tag, on back of GST and banking reforms.

In its Asian Development Outlook (ADO), 2018, Manila-based ADB said, "risks to trade are high" and retaliatory actions could dent growth

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The Sensex and Nifty wavered in early trade on Wednesday. The Sensex had ended higher for a fourth straight session on Tuesday, its longest winning streak since late January, with sentiment boosted as tensions eased between
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Rishad Premji Appointed Nasscom Chairman

Rishad Premji is an alumnus of Harvard Business School

Rishad Premji, chief strategy officer and board member of Wipro Ltd, was on Tuesday appointed as chairman of IT industry body Nasscom (National Association of Software and
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Saudi Arabia Says Don't Want Oil Prices To Rise To -Unreasonable Levels-

Brent crude was trading above $70 a barrel on Wednesday.

New Delhi: Saudi Arabia's energy minister said on Wednesday that the world's biggest exporter of oil will not sit by and let another supply glut surface, but also does not want oil prices to rise to "unreasonable levels". Members of the Organization of the Petroleum Exporting Countries (OPEC)
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Washington/San Francisco: Facebook Inc Chief Executive Mark Zuckerberg on Tuesday navigated through the first of two U.S. congressional hearings without making any further promises to support new legislation or change how the
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Nirav Modi Fraud: Fitch Downgrades PNB's Viability Rating To BB- From BB

Fitch had earlier warned PNB of downgrading its Viability Ratings

New Delhi: Following the multi-crore fraud that took place in the bank, Fitch Ratings on Tuesday has downgraded the Viability Rating of Punjab National Bank (PNB) to 'bb-' from 'bb' and has maintained the rating on Rating Watch Negative (RWN).

According to a statement from the credit

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Now, Tata Group Unlikely To Bid For Air India: Report

Tata Group already owns stakes in two airline joint-ventures.

New Delhi/Mumbai: India's steel-to-autos conglomerate Tata Group, widely seen as a potential suitor for Air India, is unlikely to consider a bid for the state-run carrier as the government's terms are just too onerous, two sources familiar with the matter said.

India, keen to sell the

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Parliamentary Panel Discusses NPA Issue With RBI Governor, Bankers

Top officials of about 16 public sector banks attended the meeting.

New Delhi: A Parliamentary panel today met RBI Governor Urjit Patel, top public sector bankers and government officials to discuss about mounting bad loans and ways to resolve the problem.

Several bankers apprised the Committee on Subordinate Legislation of Rajya Sabha about

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Indira Gandhi Airport Ranked Among World's Top 20 Busiest Airports

Indira Gandhi International Airport jumped from 22nd rank in 2016 to 16th in 2017.

Mumbai: New Delhi's Indira Gandhi International Airport has jumped six places to enter the league of the top 20 busiest airports in the world for 2017 in terms of traffic. The GMR group-run airport jumped from the 22nd position in 2016 to 16th, solidifying its status
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Axis Bank Ltd.'s board mustn't feel even the slightest embarrassment for being so wrong for so long. In fact, it deserves a vote of thanks for helping to create possibly the biggest and juiciest takeover target in the history of Indian banking.

Rewind to last July. The Indian lender's board had just rewarded CEO Shikha Sharma with a fourth term --

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India's Manipal Hospitals Enterprises Private Ltd said on Tuesday it had raised its offer to buy Fortis Healthcare Ltd's hospital business by 21 percent.

The revised offer values the business at Rs 6,061 crore ($933.18 million),

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JSW Steel, AION get creditors' nod for Monnet Ispat takeover

JSW Steel has also bid for another bankrupt steelmaker, Essar Steel

Creditors of India's Monnet Ispat and Energy Ltd have approved a joint bid from AION Investments and JSW Steel to take over the bankrupt firm, according to a
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The Central Board of Direct Taxes (CBDT) has notified income tax return (ITR) forms applicable to Assessment Year 2018-19. These ITR forms will be applicable to filing of income tax return in respect of income earned from April
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Education Loan: Single Window To Apply At Any Of The 34 Banks

Education loans: One need to fill out just one form to apply for loans at any of the banks

If you have managed to procure the much sought-after offer letter from any Ivy League University or a top institution in India or abroad,
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HDFC Raises Home Loan Rates. Find Out About New Home Loan Rates

HDFC Bank Home Loans get more expensive from April 1

In a precursor to higher EMIs (equated monthly instalments), HDFC announced the raising of its retail prime lending rates (RPLR) by upto 20 basis points, on which its variable
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Genpact Links Top Executive Salaries To Digital Revenue

Genpact reported total revenues of $2.74 billion in 2017.

IT services company Genpact has introduced revenues from transformation services as a new performance metric in annual cash bonus program for top executives. "In 2017, we
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Google Appeals Against Charges Of Search Bias By Fair Trade Regulator

Last year, the European Commission imposed a record $3 billion fine on Google.

New Delhi/Mumbai: Google has appealed against a ruling by India's competition watchdog that found it guilty of "search bias", while the website that
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Indian Railways Tatkal Scheme: Rules You Should Know About Online Booking

Booking for Tatkal tickets of AC classes open at 10:00 am and for non-AC classes at 11:00 am.

To prevent misuse of Tatkal scheme, no refund is granted in case of cancellation of confirmed tickets except in some special
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Do you invest to save your income tax liabilities Beware - it's a mistake because your investments must be linked to your goals and not your tax!

In today's time, the common man has become more prudent and wise when it comes to

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Oil Breaks Above $70 A Barrel As Shadow Of Trade War Recedes

Brent crude futures were up $1.39 at $70.04 a barrel by 11.31 GMT

London: Oil broke above $70 a barrel on Tuesday, extending strong gains from the previous day, as investors grew more optimistic that a trade dispute between the United States and China may be resolved without greater damage to the global economy. Brent crude futures were up $1.39 at
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Gold Prices Rise Beyond Rs 31,500, Silver Gains: 5 Things To Know

Gold prices had gained Rs 150 in the previous two sessions.

New Delhi: Gold prices rose by Rs 50 to Rs 31,550 per 10 gram at the bullion market today due to buying by local jewellers, despite a weak trend overseas. Silver prices
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Gold prices touched their highest in a week early on Wednesday, as the dollar index hovered near two-week lows and investor jitters about a host of geopolitical tensions stoked demand for the safe-haven metal. Spot gold was on
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Arun Jaitley Clears Air On Terms of Reference Of 15th Finance Commission

Arun Jaitley rejects the claim that a region was ignored in the 15th Finance Commission

Union Finance Minister Arun Jaitley tries to clear the air on terms of reference of the 15th finance commission. He said that a needless
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Sensex Rises For Fourth Day In A Row, Nifty Settles Above 10,400

Axis Bank gained over 5 per cent and was among the top percentage gainer among the Nifty50 stocks.

Stock markets rose for a fourth straight session on Tuesday, tracking gains in global equities as conciliatory-sounding comments
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The Ministry of Railways in reply to a question in Rajya Sabha has made available some information about release of berths under emergency quota. The Ministry of Railways said that to meet the urgent travel requirements of High
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Gold Price Rises On Weaker Dollar, Geopolitical Rumblings

Gold is seen as an alternative investment during times of political and financial uncertainty.

London: Gold prices crept higher on Tuesday as the dollar weakened and as investors awaited potential U.S. action against the suspected use of chemical weapons in Syria. "Geopolitics is taking the main driving seat this week, so gold has potentially got
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EPF Members Can Correct Basic Details Online: EPFO To Subscribers

Earlier, the employee and employer had to make a joint request for change in basic details of a member

EPF or Employees' Provident Fund subscribers can request a change in their basic details online. This was said by the EPFO or Employees' Provident Fund Organisation on microblogging site Twitter. Retirement fund body EPFO provides an online
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