Topics: Business

Government raises the authorised capital of FCI to Rs 10,000 crore

In an attempt to infuse the additional capital in its state-owned company, the Government of India has increased the authorised capital of Food Corporation...

Indian Railways has generated Rs 139.20 crore from sale of platform tickets in 2018-19

Railways earned Rs 139.20 crore from the sale of platform tickets in 2018-19 and Rs 78.50 crore till September this fiscal, the ministry informed...

Sitaram Yechury: Narendra Modi Government must bring a white paper on the status of Indian economy

CPI(M) general secretary Sitaram Yechury on Wednesday demanded that the government bring out a white paper on the status of the economy referring to...

India’s forex reserves increase by $441 million to a new lifetime high of $448.2 billion

India's forex reserves rose by $441 million to a fresh lifetime high of $448.249 billion in the week to November 15 on an increase...

US antitrust lawmakers frustrated with Google’s latest Fitbit deal

Lawmakers pressed top US antitrust enforcers on their probes of tech giants Alphabet's Google, Facebook, Amazon and Apple with the chair of a House...
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NIUM launches its cross-border payments platform in Indonesia

With the attempt to strengthen its position in Southeast Asia’s cross-border payment space. NIUM (a formerly known as InstaReM) on Wednesday, said that “It...

Bookingjini scores Rs 3 crore from Mumbai Angels, Apurva Salarpuria and others

Bookingjini, a Bhubaneshwar-based online platform that allows hotels to generate direct booking on its platform, has scored Rs 3 crores in its seed...

Centre to impose 25% safeguard duty on imports of single-mode optical fiber

The Centre is considering a 25 percent provisional safeguard duty on the import of single-mode optical fibre, used for signal transmission. This follows a Commerce...

Bank Of England keeps its interest rate at 0.75%, alters UK growth forecasts at 1.4% for 2019

The Bank of England (BoE) has left its main interest rate at 0.75 percent, it said on November 7 after a regular meeting and...

IMF Chief Kristalina Georgieva says, “Global debt surges record-high to $188 trillion”

The global debt load has surged to a new all-time record equivalent to more than double the world's economic output, IMF chief Kristalina Georgieva...
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pre-IPO round: Freshworks secures $150 million funding from Google, Sequoia, Accel Partners

Valuing the company at $3.5 billion, the Chennai-based customer engagement software company, Freshworks, has secured $150 million in new round funding from its existing...

Piyush Goyal: RCEP against India’s economic interest

The RCEP agreement was against India's economic interest and national priorities, Commerce and Industry Minister Piyush Goyal said on November 4 as the country...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rahul Gandhi on Monday hit out at the RCEP and alleged that...

IAG acquires Spanish Air carrier Air Europa for 1 billion euros

British Airways owner IAG said on Monday that it has had agreed to buy Spanish carrier Air Europa for 1 billion euros ($1.12 billion)...

Aviso appoints two new executives, Opens new offices in India

With an attempt to strengthen the presence in India’s tech space, Redwood based AI-powered guided selling platform Aviso, has announced the appointment of two...
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US, China seeks new site to sign tentative trade agreement, says President Donald Trump

President Donald Trump said that the US and China are working to secure a new site to sign a tentative trade truce and the...

Toyota Kirloskar Motor reports 5 percent drop in October Sales

Toyota Kirloskar Motor (TKM) on Friday reported a 5 percent decline in total sales at 12,610 units in October. The company had posted total...

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...

IDC: Consumer spending on technology to hit $1.69 trillion in 2019

NEW YORK: Driven by emerging technologies including AR/VR headsets, drones, on-demand services, robotic systems, smart home devices and wearables, consumer spending on technology is...

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...
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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...

Debunking Four Myths About International Debt Collection

“The borrower is a servant to the lender,” says a passage in The Bible, but if you are the creditor on an unpaid loan,...

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...
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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...

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...

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...
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