Saturday, Aug 23, 2014
Under ED lens, but Flipkart says did no wrong

Under ED lens, but Flipkart says did no wrong

E-commerce poster boy Flipkart can be fined anything from 10% to up to 3 times the violation amount.

RBI says online transactions using credit cards should be in rupee
RBI says online transactions using credit cards should be in rupee

RBI move might hurt e-commerce platforms and taxi aggregators such as Google Play, Amazon and Uber.

Infosys CEO Vishal Sikka granted 22,794 restricted stocks
Infosys CEO Vishal Sikka granted 22,794 restricted stocks

FinMin asks govt offices to cut down on paper use

Finance ministry’s directive has further said that size and format of all official forms and proformas must also be reviewed and simplified.

Justice AM Thipsay said the transactions in question were being entered through brokers who had knowledge of the commercial market.

Regulator’s order in the case against company comes after 17 years.

Yellen’s speech in Jackson Hole included lengthy references to the possibility that labour markets may in fact be tighter then they seem.

SpiceJet under I-T scanner for TDS violations

DGCA has also ordered an engineering audit of the low cost airline SpiceJet.

US-based Arvind Subramanian poised to become new chief economic adviser

If confirmed, Subramanian's appointment will bring a second economist of international renown after Rajan.

As SpiceJet drags feet on info, DGCA audit of airlines to miss deadline

Spicejet has liabilities worth almost Rs 5,000 crore and a negative net worth of Rs 1,145 crore.

TCS, Cogizant now neck and neck in North America

After stellar show, Tata group firm’s momentum gives it the edge in key North American market.

India won’t give up right to reform PDS: Sitharaman

She said that if required India would also raise the issue at the upcoming G-20 Summit in Brisbane.

Telcos’ turnover to get $8-bn boost from data: Google

Data consumption on mobile phones will triple, and consumers will be buying five times the content they do at present.

Same rule for e-tail and multi-brand: Nirmala Sitharaman

FDI is banned in multi-brand retail and the same applies to e-commerce also,” Nirmala Sitharaman said.

Chhattisgarh, Orissa see benefit in mineral royalty hike; Goa bats for mining industry

Orissa is set to be the biggest beneficiary as its revenue from royalties is expected to jump to Rs 4,879.9 crore from Rs 3,249 crore.

Indian rupee gains 15 paise to to 60.52 against US dollar

A higher opening in the domestic equity market also helped the rupee.

Reserve Bank tightens share pledging norms for NBFCs

Market has frequently witnessed unloading of pledged shares by NBFCs.

Signs of economic turnaround reflected in IIP, auto sales: Finance Secretary.

Financial Express

PM Narendra Modi-led NDA government will be completing 100 days on September 6.

Fed up with dubious crown of highest per-capita liquor consuming state, Kerala readies to go Gujarat way.

India is expected to register a GDP growth of 5.4%-5.9% in the current fiscal.

DDA 2014 housing scheme, which has over 25,000 housing units on offer, will be closed on Oct 9.

It's unclear whether the hiccup could delay Apple iPhone 6 launch or limit availability of the phones.

By far the handsomest car in hatchback segment, Hyundai Elite i20's styling is mature, restrained.

If we take Dalit population from 15% to 22%, we will become a political strength, says CM Manjhi.

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