Business news

Flipkart readies plans to list in US but reaching profit threshold is key challenge

Flipkart group CEO Kalyan Krishnamurthy held discussions with senior leadership team on the IPO timeline earlier this month.

Jun 25, 2019

Mindtree CEO on the way out as L&T gains more ground in ongoing tussle - Report

The founders of the Bengaluru-based Mindtree strongly opposed the takeover bid, touted to be the biggest in the Indian IT sector.

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

Sam Jacobs reveals how he built a million-dollar e-commerce business

Sam Jacobs started making $100,000 a month with Shopify Dropshipping at the age of 17 and he built a million-dollar e-commerce business at the age of 18. He has helped hundreds of entrepreneurs.

Jun 24, 2019

Binny Bansal sells Flipkart stake worth Rs 531 crore to Walmart

Sachin Bansal, the co-founder of Flipkart, has sold all his shares to Walmart for $800 million to $1 billion.

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

Tata Motors continues to face Moody's negative reviews

The leverage of the company will remain five times, EBIDTA margins under 3 per cent and the cash flow will remain stagnant but negative for the next two years.

Jun 23, 2019

Modi 2.0 targets higher GST collection by simplifying taxpayer registration

First GST Council meeting of the second Modi government fast-tracks registration with Aadhar; postpones annual returns due date for FY18 until August 31; extends National Anti-profiteering Authority's tenure for two more years.

Jun 22, 2019

Mohammad Makhlouf eyes to bring about fresh beginning to Syria's real estate scene

Mohammad Makhlouf (22) is a BBA graduate from American University in Dubai and Damascus-based industrialist. He is eyeing to bring about a fresh beginning to the nation's real estate scene with his venture MRM Holding.

Jun 22, 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

Why is Flipkart bridging the gap between sellers and financial institutions?

The motto of the company is to invest in creating sellers from the six crore MSMEs across the country.

Jun 21, 2019

Tech Mahindra partners with Airbus to build digital cabins for airlines

The partnership with Airbus will help the IT Company to enhance its global productivity, supplier base while improving their efficiencies in the global market.

Jun 21, 2019

Huawei thumbs nose at Trump with 100% refund warranty on phones for 2 years

Special warranty to be launched in the Philippines initially will kick in if key apps of Google, YouTube, Facebook, Instagram, and Whatsapp cease to function in two years after purchase

Jun 20, 2019