Asia

Ola electric raises $250 mn from SoftBank, valuation close to $1 bn

SoftBank was allowed to infuse the funds into Ola after the Narendra Modi government asked the companies to electrify their fleet by 2025.

Jul 3, 2019

RBI directs Visa, MasterCard to store data in India

India requires stringent data storage rules so that it can better access data and conduct investigations when the need arises.

Jun 27, 2019

Amazon Prime Day Sale: 1,000 product launches and million deals; here's what you shouldn't miss

Amazon's sale in 2018 included about 100 million products. Its sale had grown by 60 per cent, breaking records set by Amazon's Black Friday and Cyber Monday sales together.

Jun 26, 2019

India warns Amazon and Flipkart over discounts

Amazon and Flipkart say they've complied with the rules and deny any wrongdoing.

Jun 26, 2019

Is BSNL divestment near as PM Modi denies aid for paying salary to 1.76 lakh staff?

State-owned telecom player BSNL's request for operational funds including Rs 850-crore for salary payments has been met with silence from the government while the public-sector company grapples with Rs 13,000-crore liabilities

Jun 25, 2019

Biggest land deal in India! Why is Sumitomo investing Rs 2,238 crore for 3-acre plot?

The Japanese giant has plans of building a commercial office complex at Mumbai's Bandra-Kurla Complex.

Jun 25, 2019

India's fuel prices could hit the roof as crude oil prices threaten to top $100

Escalating Middle East tensions and Opec decision to maintain production squeeze buoy oil nearly 30% this year; Iran's threat to exit nuclear deal may propel oil to new highs.

Jun 24, 2019

Gold at six-year peak due to the US-Iran unrest

Middle East tensions have supported the gold market, while the U.S.-China trade war continues to concern investors

Jun 24, 2019

Modi govt asks TVS, Bajaj and Hero for plan to switch to electric vehicles

Without an established supply chain and charging infrastructure or skilled labour, India could lose its automobile market's leadership position.

Jun 23, 2019

West Bengal to host next IT sector trade union

The forum's general secretary, Rajashri Dawn, stated that despite having various heads for cost-cutting most IT companies choose labour is the only means of reducing operating costs.

Jun 23, 2019

Will Mukesh Ambani's Reliance Jio celebrate topping market by going public?

Reliance Jio may go for an initial public offering (IPO) in the second half of 2020 by when it hopes to beat Vodafone Idea to become the mobile telecom market leader.

Jun 21, 2019

HDFC to buy Apollo Munich Health Insurance

HDFC will buy 50.8 percent stake in Apollo Munich Health Insurance for 13.36 billion rupees from Apollo Hospitals Group and 0.4 percent stake held by some employees for 108.4 million rupees.

Jun 20, 2019

Apple to move massive chunk of manufacturing out of China as US trade war bites

Apple is focusing on countries like Mexico, India, Vietnam, Indonesia and Malaysia to settle their product assembling firms, said a Nikkei report

Jun 19, 2019

RBI to raise cap for easy loans under Mudra to Rs 20 lakh; will it increase bad debt?

The Pradhan Mantri Mudra Yojana (PPMY) was launched by Prime Minister Narendra Modi with an aim to provide easy loans to non-corporate, non-farm small and micro-enterprises.

Jun 19, 2019

58,000 jobs coming: Manufacture, infra to drive job growth in key cities, says report

As per the report; manufacturing, engineering and infrastructure industries will see job growth of about 8 percent in 2019-20.

Jun 18, 2019

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