Business news

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Startups cheer as rule changes ease path for receiving new investments

CBDT clarifies relief like an increase in the limit to Rs 25 crore and raising of benefit period to 10 years will be available from February 19

Mar 8, 2019

UK firms hold off on permanent hires as Brexit nears: Survey

British employers held off from hiring permanent staff in February, adding to signs of growing nerves ahead of Brexit in the country's otherwise strong labour market, a survey of recruiters showed on Friday.

Mar 8, 2019

Government completely bans import of solid plastic waste to fight pollution

It is to be noted that China had banned such imports a few years ago, in the meanwhile India became one of the largest importers of plastic waste

Mar 7, 2019

Reliance Foundation dedicates Dhirubhai Ambani Square to Mumbaikars

'The Dhirubhai Ambani Square and the Jio World Centre fulfil the vision of a great son of India'

Mar 7, 2019

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ED may recover 'fraudulently gained' wealth from Chanda Kochhar and family

Investigation allegedly reveals funds that ICICI Bank sanctioned to Videocon group were routed to husband Deepak Kochhar's firms.

Mar 7, 2019

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, smiles as he attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018.

Mukesh Ambani's e-commerce foray: Shoppers hope for high-volt Diwali fireworks

E-commerce industry relishes the prospect of intense competition with Reliance Retail's entry into the market space already lit up by the intense rivalry between Amazon and Flipkart.

Mar 7, 2019

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FIIs inject $2.37 billion in equity market in Feb, highest in 15 months

One of the major reasons attributed to a buying spree by FIIs is the increased expectations of a rate cut by the apex bank in its next monetary policy committee (MPC) meeting that is scheduled on April 4.

Mar 7, 2019

Mukesh Ambani at 13th on global rich list, will the Reliance Industries chairman have world's richest title?

A 100% rally in Reliance's stock and a substantial decline in Amazon founder Jeff Bezos wealth, following divorce with wife MacKenzie, could make Ambani the richest person in the world.

Mar 6, 2019

Delivery Hero Group takes over Zomato's UAE business for $172 million

In the latest round of funding, Zomato has raised $105 million from Delivery Hero, Glade Brook Capital, Shunwei Capital, and Saturn Shine

Mar 6, 2019

Cross-border insolvency law changes to boost ease of doing business in India

A separate section in the Insolvency and Bankruptcy Code (IBC) modelled after international best practices will help partners in foreign tie-ups

Mar 5, 2019

No Indian 'retaliation' to Trump decision to curtail duty-free trade benefits

The removal of India from countries enjoying the generalised system of preferences (GSP) list will mainly hit $5.6 billion duty-free exports of agricultural and handicraft products.

Mar 5, 2019

4th Mitsubishi Electric Cup, biggest national-level automation competition, concludes

D.K.T.E. Society's Textile & Engineering Institute, ICHALKARANJI, becomes the Gold Cup winners of 4th Mitsubishi Electric Cup.

Mar 5, 2019

Grant Thornton audit report on IL&FS finds rampant irregularities of Rs 13,000 crore

The audit report showed that there were many instances where funds worth Rs. 541 crore were taken for short-term purposes and utilised for long-term purposes.

Mar 5, 2019

Office Depot, Alibaba partnership a boon for small, medium businesses

Alibaba and Office Depot have launched an e-commerce portal focused to take US-based business global with a local approach.

Mar 4, 2019

Mighty Tatas restructure unwieldy group into 10 verticals

The move is aimed at improving coordination and functioning and is likely to help in synergising operations of over 100 group companies, often operating in overlapping markets.

Mar 4, 2019