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Topics: Business News

Snapdeal launches dedicated dhanteras e-store

India's largest third-largest e-commerce giant Snapdeal has announced the launch of dedicated dhanteras e-store to provide popular items during the festive season on its...

Mohammad Barkindo says, “OPEC and its allies are committed to maintain oil market stability beyond 2020”

The Organization of the Petroleum Exporting Countries and its allies are committed to maintaining oil market stability beyond 2020, with physical supplies relatively tight...

Piyush Goyal says, Economic slowdown is in cyclic structure; Its right time to invest in India

Commerce and Industry Minister Piyush Goyal on October 15 said that the recent economic slowdown is a cyclic structural adjustment, and it is the...

Ola Exit: Pranav Tiwari, Sarmad Nazki resigns from Ola

A Bangalore-based ride-hailing company, Ola Cabs have reported the departure of two more senior executives from the company. According to the sources, familiar with the...

Dharmendra Pradhan: India to see $118 billion investment in Oil and Gas sector in the next five years

India will see a massive investment of USD 118 billion in oil and gas exploration as well as in setting up of natural gas...
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Ministry of Commerce advises Ecommerce companies to decrease single-use plastics

In an attempt to reduce the use of single-use plastics in the country, the Commerce Ministry of India has directed “the Ecommerce companies to...

FM Nirmala Sitharaman: Will honour contractual commitments under various energy pacts

Finance Minister Nirmala Sitharaman on Monday, October 14, 2019, assured investors that India will honour contractual commitments under various energy agreements. “Commitments shall be honoured...

Experts: OECD proposal on taxing MNEs will benefit countries like India

The OECD's proposal for taxing multinational enterprises (MNEs), including digital companies, based on consumer-facing activities or markets instead of their physical presence, would benefit...

World Bank slashes India’s growth forecast to 6 percent, Warns “Severe” Slowdown

The World Bank on Sunday slashed its growth forecast for India's current fiscal year to 6 percent, down from 7.5 percent, warning that the...

Airpay partners with InstaReM to launch “FX Payment” service for merchants

Mumbai based omnichannel payments company, Airpay, has announced its partnership with InstaReM to launch “FX payment,” an international payment solution for its merchants. “Being, an...
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AION Capital Partners infuses $40 million in Clix Capital

India's leading digital-lending platform for SMEs, Clix Capital has raised $40 million as fresh funding from its existing investors AION Capital Partners Ltd, and...

DHFL proposes draft resolution plan to convert debt to equity

India's crisis-hit shadow bank Dewan Housing Finance (DHFL) has submitted a draft resolution plan proposing to convert debt to equity while seeking to sell...

COAI: No major gain for telecom industry from corporate tax rate cut

NEW DELHI: The government's move to lower corporate tax to 22 per cent is positive for the economy but there is no major benefit...

Pakistan’s PIA operates 46 flights without a passenger during 2016-17

Pakistan International Airlines (PIA) has operated 46 flights without a single passenger from Islamabad Airport in 2016-17. Citing to an audit report, Pakistan’s media agency...

Donald Trump says, “China is a threat to world”

Expressing concern over China's growing military might, US President Donald Trump has said the Communist nation is a threat to the world and blamed...
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Exxon Mobil, Royal Dutch Shell among groups to build five LNG terminals in Pakistan

Pakistan has approved the construction of five liquefied natural gas (LNG) terminals by groups that include Exxon Mobil Corp and Royal Dutch Shell, aiming...

Wipro Consumer Care Ventures to fund —India, Southeast Asian consumer brands startup

India’s leading FMGC company, Wipro Consumer Care and Lighting have announced a launch of its new venture fund called “Wipro Consumer Care Venture,” to...

InstaReM starts digital money transfer service in Canada

Solidifying the company’s presence in North America. Singapore -based cross-border digital payment company, InstaReM has announced the launch of cost-effective digital cross-border payments transfer...

M&M incorporates MBPL of Bangladesh as a wholly-owned subsidiary

India’s largest automaker company, Mahindra and Mahindra has incorporated ‘Mahindra Bangladesh Private Limited (MBPL)’ as its wholly-owned subsidiary. In a filing at the BSE, the...

United States unveils plans to extend scrutiny of foreign investments

The US government outlined more detail on September 17 on its plans to beef up foreign investment oversight, including a proposal to permit the...
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Mindtree introduces Blockchain-powered ‘Merchant On-Boarding’ solutions for Banks and Payment service providers

A Banglore-based technology service provider, Mindtree on Wednesday launched its new Blockchain-powered “Merchant On-Boarding” solutions for banks and payment service providers. In a statement issued...

Trade deal with China in the offing, says President Donald Trump

A trade agreement between the US and China is likely to happen either before or immediately after the American elections, President Donald Trump has...

China state planner approves $9.72 bn of fixed asset investment projects in August

China's state planner said on Wednesday that it approved 68.9 billion yuan ($9.72 billion) of fixed-asset investment projects in August. The National Development and Reform...

Tata Power arm announces its exit from South African Joint Venture Cennergi for $106 mn

As a part, its strategy to cut its financial liabilities and focus on the domestic market, Tata Power on September 17 announced exit from...

Apple takes EU’s €13 billion tax order to court

Apple will launch a legal challenge to a European Commission order to pay 13 billion euros ($14.4 billion) in Irish back taxes in a...
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Air India Assets Holdings Ltd secures Rs 7,000 crore through bond issue

Air India Assets Holdings Ltd (AIAHL) on Monday raised Rs 7,000 crore through bonds issue, which was oversubscribed. AIAHL is a special purpose vehicle...

Kedaara Capital to infuse $55 million in retail eye-wear company Lenskart

Lenskart, an India-based eye-wear retail company, will be is raising Rs 392 crore (approx. $55 million) from private equity firm Kedaara Capital, a newspaper...

United States may agree for “No tariffs rise on Japanese Cars”

The United States will agree not to raise tariffs or introduce curbs to import quotas on Japanese cars when the country’s leaders meet next...

London Stock Exchange rejects Hong Kong’s $39 billion’s takeover bid

London Stock Exchange has rejected Hong Kong Exchange's $39 billion takeover offer, opting to stick with its planned purchase of data and analytics group...

Japan’s exports report 10% decline for August

Japan's exports likely contracted at the fastest pace in more than three years in August, a Reuters poll showed on September 13, indicating increasing...
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