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'Deeply Touched': Anil Ambani Thanks Brother Mukesh After RCom Makes Rs 550 Crore Payment To Ericsson

In a statement, RCom said Rs 550 crore dues to Ericsson, including interest dues, has been made in compliance with the Supreme Court judgement.

Mar 19, 2019
Mindtree Looks At Buyback To Block L&T's Hostile Takeover Bid

Mindtree shares rose over 2 per cent in early trade on the BSE on Monday.

Mar 18, 2019
Azim Premji Earmarks 34% Wipro Shares Worth Rs 52,750 Crore For Philanthropy

The Azim Premji Foundation works in the field of education directly. It also supports other not-for-profits working in some specific areas through multi-year financial grants.

Mar 13, 2019
RBI Board Warned Of Negative Impact Of Demonetisation On Economy, Reveals RTI

Curbing black money was one of the prime objectives of the shock move to junk old Rs 500 and 1,000 notes, which saw 86 per cent of high-value currency going out of circulation.

Mar 11, 2019
TCS To Be Excluded In Computing GST, High Value Cars, Jewellery To Become Cheaper

Under the Income Tax Act, tax collection at source (TCS) is levied at 1 per cent on purchase of motor vehicles above Rs 10 lakh, jewellery exceeding Rs 5 lakh and bullion over Rs 2 lakh.

Mar 10, 2019
Fugitive Nirav Modi Tracked Down In London, Started New Diamond Business: Report

The revelation comes a day after Modi's 30,000 sq ft seaside mansion at Kihim beach in Maharashtra was demolished by authorities using explosives.

Mar 09, 2019
Gender Pay Gap High In India, Women Earn 19 Per Cent Less Than Men: Report

Even in sectors like healthcare, caring services, and social work, men earn 21 per cent more than women.

Mar 07, 2019
Reliance Capital To Cut Debt By Rs 10,000-12,000 Crore Soon

Reliance Capital said its 43 per cent stake in RNAM is currently valued at over Rs 5,000 crore and the sale of controlling interests will be at a significant premium to the market.

Mar 07, 2019
Donald Trump Accuses India Of Being 'High-Tariff Nation', Threatens To Impose 'Reciprocal Tax'

Trump said the US could not allow a country to charge it 100 per cent while it got nothing for the exact same product.

Mar 03, 2019
As Govt Focuses On Affordable Housing, Hunt For Newer Technologies Underway

Amrit Abhijat, joint secretary and mission director, Housing For All, Ministry of Housing and Urban Affairs, speaks to Lola Nayar on the concept behind the Global Housing Technological Challenge and the steps taken by states to set up the pilot Light House project.

Mar 01, 2019
India's GDP Growth Lowered To 6.6% In Q3

India's economic growth slowed to a 5-quarter low of 6.6 per cent in October-December period of this fiscal, according to government data released on Thursday.

Feb 28, 2019
Tax On Under-Construction Homes Slashed To 5%, Jaitley Says Move Will Boost Construction Sector

"This (GST reduction) decision will certainly give boost to construction sector," Jaitley told reporters.

Feb 24, 2019
CBI, ED To Summon Chanda Kochhar, Husband In ICICI Bank-Videocon Loan Case Soon

Chanda Kochhar stepped down from the post of CEO and MD on October 4 last year after expose of the loan saga. Her tenure in the bank was to end this March.

Feb 22, 2019
WhatsApp Users Can Now Register Complaint With DoT Against Offensive Messages

The victim is required to furnish a screenshot of the message along with the mobile number and e-mail it to ccaddn-dot@nic.in.

Feb 22, 2019
Employee Provident Fund Rate Hiked To 8.65% For 2018-19

The proposal would now go to the Finance Ministry for approval, Labour Minister Santosh Gangwar said after the CBT meeting.

Feb 21, 2019
Walmart Continues To Stay Optimistic After Changes In E-Commerce FDI Policy In India

The changes in foreign direct investment (FDI) norms have not shaken Walmart's confidence and excitement about the Indian market.

Feb 20, 2019
SC Holds Anil Ambani Guilty Of Contempt, Says Pay Rs 453 Cr To Ericsson Or Go To Jail

The contempt plea was filed against Ambani, Reliance Telecom chairman Satish Seth, Reliance Infratel chairperson Chhaya Virani and SBI chairman.

Feb 20, 2019
Flipkart Co-Founder Sachin Bansal Invests Rs 650 Crore In Ola

In the largest financing by an individual in the history of Ola, Flipkart co-founder Sachin Bansal has invested about Rs 650 crore in the Indian ride-hailing company to compete with the rival Uber.

Feb 19, 2019
India's January Wholesale Inflation Eases To 2.76%

The Wholesale Price Index data for January, furnished by the Ministry of Commerce and Industry, showed that wholesale prices rose on a slower rate than the rise of 3.80 per cent reported for December 2018.

Feb 14, 2019

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