Pine Labs inks definitive agreement to acquire Qwikcilver for $110 mn
Pine Labs on Wednesday announced that it has signed a definitive agreement to acquire Bangalore-based gift card solutions provider, Qwikcilver, for $110 million, subject to closing conditions. The transaction has been funded from the company’s cash reserves and additional funding from existing investors. Pine Labs processes annualized payments of $20 billion. ...
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Govt invites initial bids for strategic sale of IMPCL
18 April 2019 | PTI -
25 WTO members may come out with declaration on critical issues in May
18 April 2019 | PTI -
Protectionism doesn’t really help preserve jobs: Rajan
18 April 2019 | PTI -
Sebi bars Siyaram Development and Construction, 8 directors from securities markets
18 April 2019 | PTI -
India travel spend expected to grow by 13% to $136
18 April 2019 | PNS -
NCLAT seeks Anil Ambani’s reply on HSBC Daisy’s contempt plea
18 April 2019 | PTI -
FMCG growth to slow down at 11-12% in 2019: Nielsen
18 April 2019 | PTI
Taxes on telecom similar to non-essential items like liquor, cigarette: Voda Idea CEO
The telecom sector is being taxed like non-essential items such as liquor and cigarette, instead of being treated as a critical infrastructure, according to Vodafone Idea. "We have got customs duty at 23 per cent, GST at 18 per cent. This is pretty similar to the way you treat non-essential items...
Reliance Industries is in talks to buy toy brand Hamleys
Mukesh Ambani-led Reliance Industries is in talks to buy centuries-old British toy retailer Hamleys as the company expands its presence in the consumer space, sources said. Currently, Reliance Industries' retail arm Reliance Retail has the licence to sell Hamleys' products in India. Reliance Industries is said to be aggressively pursuing the deal...
Awaiting ‘emergency liquidity support’ from lenders: Jet
Cash-strapped Jet Airways on Tuesday said it is awaiting “emergency liquidity support” from the SBI-led consortium of lenders to arrest further deterioration in its services. The airline, which is operating only five planes, said its operations have been severely impacted due to critical liquidity position. “The company’s leadership, in consultation with its...
Rip-offs are challenge for us: Grundfos Pumps’ Kim Jensen
If we make one of the most energy efficient pumps people just copy how it looks. In India it is prevalent. And the efficiency is down, say Group Senior Vice President & Regional Managing Director, Grundfos Asia Pacific Region, Kim Jensen and Managing Director, Grundfos Pumps India, Ranganath NK to...
JSPL posts highest ever domestic quarterly steel production, sales in Q4
Jindal Steel and Power Limited (JSPL) reports its highest ever domestic quarterly steel production and sales in Q4 FY 2018-19. The company registered a record crude steel production of 1.51 MT (Million Tonnes) and robust sales of 1.45 MT during the quarter January– March 2019. The quarterly steel production saw...
Banks have to mark IL&FS accounts as NPAs after default: RBI to NCLAT
The RBI on Tuesday told the National Company Law Appellate Tribunal that banks will have to classify the accounts of debt-ridden IL&FS and its group companies as NPAs in terms of its master circular and the Supreme Court judgement. It is the obligations of the banks to mark any loan as...
Digital spend by pol parties may double this election season
Online advertising expenditure by political parties is likely to double to Rs 400-500 crore this Lok Sabha election compared to 2014, riding on the growing smartphone penetration and cheaper Internet packs, experts said. The Bharatiya Janata Party (BJP) leads the pack in advertising spend in the digital space, they said. “The total...
