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Enforcement Directorate to investigate if Amazon, Flipkart violated foreign exchange law

Investigation has been initiated against e-commerce giants Amazon and Flipkart for alleged violation of foreign exchange law, the Enforcement Directorate (ED) Monday informed the...

Doors are open for India to bring serious trade deal on the table, US says

Observing that trade has been an area of frustration in bilateral ties, the US has said that the door is open if India is...

Saudi Arabia to receive $20 Billion in passive inflows

Saudi Arabia's inclusion in major emerging markets stock indices from March 18 is likely to suck in around $20 billion in passive inflows, but...

Lakshmi Vilas Bank secures Rs 459 crore through QIP

India's private sector bank, Lakshmi Vilas Bank has announced that "It has raised Rs 459.59 crore through Qualified institutions placement (QIP)." Lakshmi Vilas Bank, in...

India’s trade deficit narrows to $9.60 billion for Feb

India's trade deficit narrowed to $9.60 billion in February, dragged down by a fall in gold and oil imports, the trade ministry said in...

Tech Mahindra to acquire 100 percent shares in K-Vision Co

One of India, largest technology major Tech Mahindra has announced that "The company has agreed to acquire 100 percent stake of K-Vision a Japan-based...

Commerce Sec Anup Wadhawan: India looks for better deal for exporters under Free trade agreement

India is in discussions with its key trading partners to expand preferential duties under free trade agreements (FTAs) even as the government is streamlining...

Snapdeal, ShopClues, and few other partners to launch a new trade association called “TECI”

E-Commerce players, including Snapdeal, ShopClues, UrbanClap, and Shop101, have joined hands to launch a new trade association, The E-Commerce Council of India (TECI). The...

US Ambassador: China is applying ‘Pay-day loan’ diplomacy to influence Pacific

China's is using "pay-day loan diplomacy" to exert influence in the Pacific, the new US ambassador to Australia said on March 13, comments that...

Adidas says supply chain shortages will hit its sales growth

Adidas expects supply chain shortages to hit its sales growth in the first half of the year, particularly in North America, while it hopes...

Infosys Finacle to develop cross-border trade finance network for Hatton National Bank

Sri Lanka's leading private bank Hatton National Bank (HNB) on Wednesday announced that "It has partnered with Infosys Finacle Trade Connect, a part of...

Nvidia acquires Mellanox Technologies for $6.8 billion

US chipmaker Nvidia Corp said on Monday it will buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion, beating rival Intel Corp in...

Renault in talks with Nissan and Mitsubishi Motor for new alliance body

French carmaker Renault said on March 11 that it was in talks with its Japanese partners Nissan and Mitsubishi Motor over a new alliance...

Kalpataru Power Transmission Ltd secures deal worth of Rs 1,288 crore

One of India's largest power transmission and infrastructure EPC space providing company Kalpataru Power Transmission Limited (KPTL) on Monday announced that "it has secured...

FPI invested more than Rs 2,741 crore in first five trading session of March In India

Overseas investors have pumped in a net Rs 2,741 crore into the Indian capital markets in the first five trading sessions of March, mainly...

Qualcomm looks for $31 million in damages from Apple

Chip-maker Qualcomm is seeking nearly $31 million in damages from Apple for violating its intellectual property rights. The ongoing trial in a US court is...

Suresh Prabhu: The Government is confident of meeting $100 billion in FDI by 2020

Commerce and Industry minister Suresh Prabhu said on March 9 the government has set a target of attracting $100 billion in foreign direct investments...

President Trump: The United States can forge a trade deal with China

President Donald Trump on Friday said he is confident the United States can forge a trade deal with China, but added that he thinks...

Chinese Vice Minister says, China and the US are working day and night to achieve a trade deal

China and the United States are still working day and night to achieve a trade deal that matches the interests of both sides and...

Vodafone, Idea, and Airtel pay over Rs 6,000 crore as spectrum dues, While Jio yet to pay Rs 21.5 crore

Telecom operators Vodafone Idea, Bharti Airtel and Reliance Jio have paid the government about Rs 6,000 crore in spectrum dues slated for March 3,...

Larsen and Toubro bags Large contract deal from Bangalore Metro Rail Corporation Ltd.

India's multi-national construction company, Larsen & Toubro also known as (L&T) has announced that it's heavy civil infrastructure business of its construction arm has...

RBI fines ICICI Bank, SBI and 17 other banks for non-compliance use of SWIFT Network

The Reserve Bank of India (RBI) has fined at least 19 lenders, including top banks such as ICICI Bank and State Bank of India,...

Airtel partners with Zoom Video for unified business communications solutions

Telecom operator Bharti Airtel has collaborated with Zoom Video Communications to launch unified communications solution for businesses. The collaboration aims to offer businesses "enhanced agility...

Reliance Industrial Investments to acquire Grab and C-Square info solutions

RIL-arm Reliance Industrial Investments has entered into agreements to acquire logistics services platform Grab and software firm C-Square Info Solutions. Reliance Industries, in a regulatory...

Pepperfry to invest $12 million, plans to reach more customers this year

Furniture and home products marketplace Pepperfry expects to pump in about $12 million (over Rs 85 crore) this year as it sets up over...

TCIL plans to raise Rs 1,500 crore through IPO

State-owned Telecommunications Consultants India Ltd (TCIL) expects to raise roughly Rs 1,500 crore from its planned IPO and wants to retain part of the...

Donald Trump: India is a high tariff country

India is a very high-tariff nation, US President Donald Trump alleged on Saturday, stating that he wants a reciprocal tax or at least some...

Hero MotoCorp sales decline by 1.96 percent in February

Two-wheeler market leader Hero MotoCorp on Friday reported 1.96 per cent decline in total sales at 6,17,215 units in February. The company had sold...

US President Trump urges China to lift tariffs on US farm products

President Donald Trump said he had asked China to immediately remove all tariffs on US agricultural products because trade talks were progressing well. He also...

Biocon appoints Christiane Hamacher as the CEO of Biocon Biologics Ltd

One of India's largest biopharmaceutical company Biocon Limited on Friday announced the appointment of Christiane Hamacher as the CEO of Biocon Biologics India Limited. In...

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