RAJNISH KUMAR NEW SBI CHAIRMAN AS ARUNDHATI BHATTACHARYA RETIRES
NEW DELHI (TIP): Rajnish Kumar, 59, the senior most of the managing directors at State Bank of India (SBI), will become the 25th chairman of…
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EU orders Amazon to pay 250 mn euros in taxes to Luxembourg
The EU turned the screw on US tech giants Wednesday, ordering Amazon to repay Luxembourg 250 million euros in back taxes and referring…
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RBI LOWERS GROWTH FORECAST TO 6.7%, HOLDS REPO RATE CITING RISK TO INFLATION
NEW DELHI (TIP): Home and auto loan rates are unlikely to change, after the Reserve Bank of India (RBI) left its key policy…
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FLIPKART TO INVEST RS 255 CRORE MORE IN PHONEPE
BENGALURU (TIP): PhonePe, Flipkart's payments platform, has received a capital infusion of about Rs 255 crore, as per filings with the Registrar…
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Spicejet signs pact with Japanese firm to operate planes on water, land
The airline will study the commercial viability of using amphibious planes that can take-off and land from short, unimproved strips of land…
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Suzuki to pump in fresh investment of Rs 3,800 cr in Gujarat
GANDHINAGAR (TIP): Japan’s Suzuki Motor Corp on Thursday announced fresh investments of around Rs 3,800 crore in Gujarat to add a third car production…
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GOLD RETAKES RS 31,000 LEVEL ON DEMAND PUSH, SOARS RS 650
NEW DELHI (TIP): Gold on Sept 14 took strength from a positive trend overseas by surging Rs 650 per 10 grams…
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VW RECALLS 4.86 MN VEHICLES IN CHINA OVER AIRBAG CONCERNS
The announcement came just 10 days after VW and its local partners agreed to recall 1.82 million vehicles owing to a faulty…
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SC rejects Sahara’s plea to put on hold Aamby Valley auction
NEW DELHI (TIP): In a setback to Subrata Roy, the Supreme Court on Aug 10 turned down his plea to halt the process for auction…
Read MoreDigital currency exchange Coinbase raises $100 million, hits $1 billion valuation
NEW YORK (TIP): Digital currency exchange Coinbase announced on its blog on Thursday that it has raised $100 million in so-called “Series D”…
Read MoreRCOM PLANS TO ISSUE SHARES TO LENDERS IN LIEU OF DEBT
NEW DELHI (TIP): Telecom operator Reliance Communications (RCom), which is reeling under debt of about Rs 45,000 crore, plans to issue shares…
Read MoreSOFTBANK PUTS $2.5 BN INTO FLIPKART’S WALLET
NEW DELHI (TIP): Flipkart has raised an estimated $2.5 billion from SoftBank Vision Fund, making the fund created by Japanese conglomerate SoftBank one of…
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AXIS BANK BUYS SNAPDEAL’S FREECHARGE FOR RS 385 CRORE
Deal dynamics ? The sale price is huge markdown for Snapdeal, which acquired payment wallet FreeCharge for $400 m in 2015 ? The deal will help the…
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JIO EFFECT TANKS 75% AIRTEL Q1 PROFIT
NEW DELHI (TIP): Country’s largest telecom company, Bharti Airtel today posted 74.89% decline in consolidated net profit to Rs 367 crore for…
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Diageo asks Vijay Mallya to return $40 m
LONDON/NEW DELHI (TIP): British liquor giant Diageo said it had asked beleaguered businessman Vijay Mallya to return $40 million paid to him…
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SECURITY AGENCIES’ ALERT CALL ON 100% FDI IN DOMESTIC AIRLINES
NEW DELHI (TIP): The security agencies, including the Intelligence Bureau (IB), have raised concerns over the Centre’s decision to allow 100% foreign…
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FLIPKART COULD OFFER $900 to 950 MILLION FOR SNAPDEAL
NEW DELHI (TIP): E-commerce major Flipkart is expected to make a revised offer of USD 900-950 million for buying rival Snapdeal, according…
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SENSEX PAST 32K NIFTY AT NEW PEAK
‘First-time-ever’ records continue to tumble as rally continues on BSE and NSE Mumbai, July 13: The Sensex today went past the…
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Top CEOs vote to take US India Business Council out of US chamber
WASHINGTON (TIP): The board of the US-India Business Council comprising CEOs of some top American companies has voted to sever ties with…
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Oil prices slump over 1 pct on rise in US output
SINGAPORE (TIP): Oil prices fell by more than 1 percent early on Friday, with U.S. crude futures dipping below $45 per barrel as…
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Aadhaar gets praise at global forum for financial inclusion
HAMBURG (TIP): As the world debates use of big data and analytics to improve financial inclusion, India’s Aadhaar system has come in for praise by…
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MODI GOVT’S GST IMPERFECT, SAYS CHIDAMBARAM
NEW DELHI (TIP): The Modi government’s Goods and Services Tax (GST) is “very, very imperfect” and cannot be called “one nation, one tax” as it…
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AMAZON INVESTS OVER RS 2,000 CR IN INDIA BIZ
NEW DELHI (TIP): Global e-tailing giant Amazon has invested over Rs 2,000 crore (over $310 million) in India in the past two months…
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Infosys president quits, top execs come under pressure
BENGALURU (TIP): Infosys president and head of Americas Sandeep Dadlani has resigned, a sudden development that some attributed to growing pressures on…
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AIR BAG MAKER TAKATA TO FILE FOR BANKRUPTCY
NEW YORK (TIP): Takata Corp , the Japanese company facing billions in liabilities stemming from its defective air bag inflators, is preparing to file…
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AMAZON BUYS WHOLE FOODS FOR $13.7 BN
NEW YORK (TIP): Amazon.com Inc said on June 17 (Friday) it would buy US organic supermarket chain Whole Foods Market Inc for $13.7 billion, including debt, marking the…
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BLACK MONEY – Switzerland ratifies auto info sharing
First set of data in 2019 ? Switzerland has been long perceived as one of the safest havens for the illicit wealth allegedly stashed abroad…
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GOVT MAKES AADHAAR MUST FOR BANK A/CS, HIGH VALUE TRANSACTIONS
HIGHLIGHTS ? Aadhaar card has been made mandatory for opening bank accounts and conducting financial transactions of Rs 50,000 and above. ? Those with…
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Indus-American Bank will merge with BCB Community Bank
BCB Bancorp, Inc. to Acquire IA Bancorp, Inc. The merger is expected to close in the fourth quarter of 2017 EDISON, NJ…
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Airtel-Telenor merger gets SEBI nod
NEW DELHI (TIP): Telecom operator Bharti Airtel today said it has received the approval of the SEBI, BSE and NSE for the proposed…
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