Amazon, Grofers, Big Basket may invest $695 mn in food retail

Friday, 24 Mar 2017 | PTI | New Delhi

The Government has received investment proposals from three companies, including Amazon and Grofers, worth $695 million for retail of food products in India under the new FDI policy. “Three companies Super Market Groceries Supplies (Big Basket), Grofers India and Amazon Corporate Holdings have submitted their proposals for seeking permission to make...

SBI Chairman among Fortune’s 50 greatest leaders of the world

Friday, 24 Mar 2017 | PTI | New York

SBI chief Arundhati Bhattacharya and Indian-origin physician Raj Panjabi have been named by Fortune magazine among the world’s 50 greatest leaders who are transforming the world and inspiring others to do the same. Bhattacharya, Chairman of India’s largest bank and the first-ever woman to do so, has been ranked 26th on...

Dr. Morepen offers preventive therapy for heart diseases, diabetes

Friday, 24 Mar 2017 | PNS | New Delhi

Dr. Morepen Ltd has introduced a specialized therapy in the area of preventive cardiology and diabetology in a non-hospital environment for the first time in India. The therapy, called External Counter Pulsation (ECP) Therapy by Renew Singapore, is a non-invasive therapy, which enhances blood flow to the heart and...

Sebi provides pricing clarity on share issuance to unlisted cos

Friday, 24 Mar 2017 | PTI | New Delhi

Listed companies allotting shares to unlisted entities under M&A deals should keep the issue price same as the trading price on the day such schemes received board approvals. After putting in place stricter norms with respect to deals involving listed and unlisted entities, markets regulator Securities and Exchange Board of...

FinMin, bankers to meet on utilising excess liquidity

Friday, 24 Mar 2017 | PNS | New Delhi

The Finance Ministry has called a meeting of bankers on Friday to discuss the ways to utilise the excess liquidity in the system. The meeting to be attended by heads of select large banks will be chaired by Economic Affairs Secretary Shaktikanta Das. Besides, RBI top officials including a Deputy Governor...

Fund mop-up via BSE’s e-book debt platform hits Rs 2 lakh crore

Friday, 24 Mar 2017 | PTI | Mumbai

The total fund raising by companies through issuance of debt securities on BSE’s electronic book platform has crossed the Rs 2 lakh crore milestone. The BSE’s electronic book platform ‘BSE BOND’, for issuance of debt securities on private placement basis, was launched on July 1, 2016. Since then, 68 firms...

4G contributed 60% of incremental data traffic in 2016: Nokia survey

Friday, 24 Mar 2017 | PTI | New Delhi

High-speed mobile broadband technology 4G drove data traffic across India in 2016, making up 60 per cent of incremental data volumes, according to a Nokia study. Nokia's annual Mobile Broadband Index study of mobile broadband performance in India revealed that ‘4G was the major source of data traffic across the...

‘India should lower tariffs on Harleys for fgn invt’

Friday, 24 Mar 2017 | PTI | Washington

If India lowers the 100 per cent tariffs imposed on the popular American Harley Davidson motorcycles it could result in more foreign investments in the country, a top White House trade official has argued. “If India agrees to lower its tariffs on Harley Davidson motorcycles, Indian consumers will...

Sale of Rel Infratel tower to Brookfield approved by CCI

Friday, 24 Mar 2017 | PTI | New Delhi

The Competition Commission of India (CCI) has approved the proposed sale of the tower division of Reliance Communications’ subsidiary, Reliance Infratel, to Canada-based Brookfield Infrastructure Group. “The CCI has approved the proposed transaction involving the sale of the tower division of Reliance Infratel Limited, a subsidiary of Reliance Communications Ltd.,...

‘GST to make exports more competitive’

Friday, 24 Mar 2017 | PNS | New Delhi

Implementation of GST, the new indirect tax regime, would help remove barriers between the states and make exports more competitive, Commerce and Industry Minister Nirmala Sitharaman on Thursday said. “GST gives a feeling that market in India is one now and there are no barriers between regions or provinces. Even within...


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Cutting the cord

26 Mar 2017 | Kushan Mitra

The advent of online streaming services that can stream content directly to your television screen is making the argument for cutting the cable connection more and more convincing, believes Kushan Mitra Is it time to cut the cable? In the past year and a half, online television streaming services Hotstar Premium, Netflix and Amazon Prime Video have launched their services in India. There is also Voot from Viacom18 and Sony LIV...

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Adiyanath asks party workers not to opt contractual work

27 Mar 2017 | PNS | Lucknow

Asking party workers not to opt for contractual work in government sector Chief Minister Adityanath Yogi said that UP’s face will change in next two months as people have reposed faith on us and it is workers’ responsibility to ensure BJP fulfills all poll promises. “I appeal to the party workers and family members of law makers not to seek contract of government department...

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