Sunday, Dec 21, 2014
Flipkart raises $700 million in fresh round of funding

Flipkart raises $700 million in fresh round of funding

E-commerce major Flipkart today that announced it raised a fresh round of funding worth $700 million.

Rupert Murdoch’s News Corp acquires Indian start-up firm
Rupert Murdoch’s News Corp acquires Indian start-up firm

News Corp’s acquisition of includes the site’s parent company FinDirect Services.

Govt 'determined' to push Coal, Insurance Bill: FM Arun Jaitley
Govt 'determined' to push Coal, Insurance Bill: FM Arun Jaitley

The government is extremely determined to go ahead with insurance sector reform, says Arun Jaitley.

Road to regulation: Real Estate Bill takes final shape
Road to regulation: Real Estate Bill takes final shape

In its new form, the Bill will bring in commercial property under its ambit; the percentage of receivables kept in Escrow accounts will also be reduced.

SpiceJet needs Rs 200 cr to use airports on credit

Officials said the reprieve extended to the airline was temporary, for a period of 15 days that expire on Dec 31.

‘Centre, states should collaborate on reforms’

The Mid-Year Economic Analysis 2014-15 was tabled in Parliament and authored by Subramanian.

Mid-Year Economic Review sees India’s GDP growth at around 5.5 pct

If the forecast materialises, it would mark an improvement from two successive years of below 5% economic growth in India.

Narendra Modi to wow Barack Obama with 'Make in India' tableau

DIPP is convening a strategy meeting with various ministries, which would be chaired by PM.

BSE Sensex rallies 245 pts on economic growth prospects

The 30-share index after opening on a strong note at 27,292.55 continued its upward journey to hit the day's high of 27,497.12.

Coal India workers threaten 5-day strike, stokes output worries

The labour unions of state-run Coal India have threatened to go on a five-day strike beginning Jan 6.

PM Narendra Modi moves in to speed up $300 bn stuck projects

PM takes direct control of a project-monitoring body to fast-track investments and revive mfg in the country.

Air India to replace six Airbus A-319s with A320neos, raise $350-m bridge loan

India’s number one carrier, IndiGo, ordered 250 A320neos in October this year.

Income tax on Facebook, Twitter likely next year

Taxation of digital economy firms is part of the larger goal of checking the shifting of profits.

After consensus with states, Cabinet approves GST Bill

The Bill, however, lapsed with the dissolution of the Lok Sabha, requiring the new NDA government to introduce the Bill afresh.

Despite LawMin advice, floor for paid-up capital removed

Centre keen on facilitating ease of doing business.

SC defers verdict on Subrata Roy’s plea to raise more debt on Sahara hotels

Sahara needs to deposit an initial $1.6 bn to secure bail for Subrata Roy, held in Jail for last 9 months.

SpiceJet resumes operations after being grounded on fuel issue

The Bombay Stock Exchange sought clarification on Kapoor's assertion on resumption of flight operations.

Asian business sentiment rebounds in Q4 with India most optimistic

Business sentiment index rises to 72 in Q4 from 66 in Q3; Indian cos most +ve while Chinese, Singaporean least.

BSE Sensex surges 416 pts, Nifty regains 8,100 mark on value buying

The 30-share Sensex barometer regained the 27,000-level at the outset and surged to the day's high of 27,180.92.

BSE Sensex drops for 5th day; ends 71 pts lower in volatile trade

The index finally settled down by 71.31, or 0.27 per cent, at 26,710.13 points.

Amdocs with Triotech to enable SBI mobile financial services via BSNL

The service will offer customers of any mobile operator to get a mobile wallet account.

Ballooning trade deficit pulls Rs to 13-month low at 63.64

Sensex records steep 538-point drop on currency, falling crude.

SpiceJet asks employees to be positive, to restart flights from 4 pm

Spicejet has Rs 14 crore worth of dues to oil marketing companies (OMCs).

The rupee is facing turbulent weather because of the impact of both global and domestic issues.

Disinvestment: Govt eyes fatter share sale kitty in year '15; gets Rs 18k cr in ’14

It began with a bang, turned into a whimper soon and bounced back again in the end, but sale of shares...

Xiaomi can sell Qualcomm chipset-based mobiles: HC

Xiaomi will have to submit invoices for the purchase of Qualcomm chipsets.

BSE Sensex posts biggest fall this year, dips 538 points on sell-off

The benchmark BSE Sensex tanked 538.12 points, its worst single-day drop this year...

Tigerair, Axis Bank to offer one-way free ticket from Singapore

Singapore-based Tigerair today joined hands with private lender Axis Bank to offer one-way free ticket...

‘Phenomenal’ rise in India’s gold imports a concern: Trade secy

A ‘phenomenal’ rise in India’s gold imports is a concern and the government will watch the impact...

India 3rd on black money list; US dollar 440 billion flows out in 10 years

As India continues its pursuit of suspected black money stashed abroad, an international think-tank has ranked...

CAG gaze now on all private service firms

Firms in the services sector are set to face a flurry of special audit notices — from not only the service tax...

RBI allows banks to structure old loans of infra projects

371 projects with investments worth R18,47,266 cr are stalled and pending for resolution.

WPI inflation drops to zero on fall in food, commodity prices`

WPI food inflation moderated to just 0.63% last month on a 28.6% contraction in vegetable prices.

As SpiceJet seeks bailout, govt says ‘no assurance’

Airline approaches minister of state for civil aviation Mahesh Sharma, seeking urgent financial help to continue its operations.

With 3-fold jump in sales in last one year, luxury bikes race ahead

Aggregate sales of Harley Davidson and Triumph jumped from 1,258 in 2013 to 4,092 this year.

Aadhaar not mandatory for LPG subsidy; bank account to do: Govt

Government made it clear that Aadhaar number was not mandatory for transfer of subsidy amount of LPG cylinder.

BSE Sensex falls by 31 pts to 1-1/2 month low on weak economic data

The benchmark BSE Sensex fell by 31 points to close at one-and-a-half month low of 27,319.56.

Financial Express

China's top smartphone seller Xiaomi Corp. is raising more than USD 1 billion in a fresh round of funding...

The wholesale inflation may have hit a zero level, but economists feel it is too early to worry about a 'deflation' possibility...

The Wadia Group-promoted budget carrier GoAir today said it has put 1.7 million seats up for sale...

On day 2 of the Aamir Khan starrer 'PK' release, box office collections race is well and truly on...

The spectacular rally on Dalal Street has brought cheers for the minnows of the equity market..

As Taiwan-based contract manufacturer Foxconn prepares...

Chasing the magic figure of USD one trillion, retail industry has managed to cross...