Month: September 2018
Walmart India opens 22nd Cash and Carry store in India
Corporate
September 24, 2018
Walmart India opens 22nd Cash and Carry store in India
The new store simultaneously got integrated with the B2B e-commerce platform, making it the 22nd Best Price store to go…
Jack Ma-led Alibaba backs data localisation; says it respects security and privacy
World News
September 21, 2018
Jack Ma-led Alibaba backs data localisation; says it respects security and privacy
Alibaba is the first foreign company to openly claim it’s ready to accept the data localisation rules, while other prominent…
Axis Bank arm launches trading in commodity derivatives
Banking
September 21, 2018
Axis Bank arm launches trading in commodity derivatives
The Reserve Bank of India had allowed bank subsidiaries to provide commodity broking services in September last year, as the…
E-commerce companies to deduct 1% TCS under GST from 1 October; ‘unfair liability imposition’ says trade body
Companies
September 21, 2018
E-commerce companies to deduct 1% TCS under GST from 1 October; ‘unfair liability imposition’ says trade body
E-commerce companies will from 1 October have to deduct 1 percent tax collected at source (TCS) before making payments to…
Morgan Stanley CEO James Gorman continues to bet on India; sees M&A activity picking up
World News
September 21, 2018
Morgan Stanley CEO James Gorman continues to bet on India; sees M&A activity picking up
According to Gorman, the rupee’s depreciation is not a reflection of poor economic management, rather an “unfortunate consequence” of external…
Bank of Baroda’s merger with Vijaya Bank and Dena Bank: New entity to be operational from April 1
Banking
September 19, 2018
Bank of Baroda’s merger with Vijaya Bank and Dena Bank: New entity to be operational from April 1
The new entity to be formed with the merger of Bank of Baroda, Vijaya Bank and Dena Bank will be…
Punjab labour shortage: Rising scarcity of farm workers pushes up production cost, inclination towards machine farming
India
September 14, 2018
Punjab labour shortage: Rising scarcity of farm workers pushes up production cost, inclination towards machine farming
Although the Department of Agriculture, Punjab claims that the state is the food bowl of the country, the sector is…
SC lawyer Dushyant Dave says delayed action by govt banks allowed Vijay Mallya to flee; SBI denies charges
India
September 14, 2018
SC lawyer Dushyant Dave says delayed action by govt banks allowed Vijay Mallya to flee; SBI denies charges
The controversy over liquor baron Vijay Mallya’s escape from India, and the arising suspicion that investigating agencies and government inaction…
IMAGES FROM NASA’S DAWN SPACECRAFT INDICATE DWARF PLANET CERES IS AN ACTIVE AND EVOLVING WORLD
World News
September 14, 2018
IMAGES FROM NASA’S DAWN SPACECRAFT INDICATE DWARF PLANET CERES IS AN ACTIVE AND EVOLVING WORLD
Far from being a dead world, the dwarf planet Ceres is an active and evolving world, indicate hundreds of bright…
Rupee free fall: Merely blaming external factors for Indian currency depreciation won’t do; govt should think out-of-the-box
Economy
September 13, 2018
Rupee free fall: Merely blaming external factors for Indian currency depreciation won’t do; govt should think out-of-the-box
The Indian rupee has crashed past the 72-mark against US dollar and continues to be on a roller coaster ride.…
Investors become poorer by over Rs 4 lakh cr in two days of stock market crash due to heavy selling pressure
Economy
September 12, 2018
Investors become poorer by over Rs 4 lakh cr in two days of stock market crash due to heavy selling pressure
As stock markets continued to face heavy selling pressure for the second straight session on Tuesday, investors became poorer by…
APSARA-U: ASIA’S FIRST RESEARCH REACTOR RESTORED AND NOW OPERATIONAL AT BARC
India
September 12, 2018
APSARA-U: ASIA’S FIRST RESEARCH REACTOR RESTORED AND NOW OPERATIONAL AT BARC
Apsara, the first research reactor in Asia that worked nearly five decades before shutting down in 2009, is now operational…
Axis Bank stock rises to fresh 52-week high post appointment of Amitabh Chaudhry as new CEO
Banking
September 12, 2018
Axis Bank stock rises to fresh 52-week high post appointment of Amitabh Chaudhry as new CEO
The Axis Bank stock rose in early morning trade amid announcement that Amitabh Chaudhry has been appointed as managing director…
Tech talent shortage: Cognizant offers premium allowance to its 40,000 digitally-savvy employees
Corporate
September 11, 2018
Tech talent shortage: Cognizant offers premium allowance to its 40,000 digitally-savvy employees
Software services company Cognizant, in a bid to encourage employees to improve their skills in digital areas, has reportedly rolled…
Rupee to hit 73 by March 2019; fiscal deficit to reach 6.5% in FY19 on shortfalls in GST collection and divestments: UBS
Economy
September 11, 2018
Rupee to hit 73 by March 2019; fiscal deficit to reach 6.5% in FY19 on shortfalls in GST collection and divestments: UBS
India is the only major emerging market having a negative balance of payments (BoP) and the pressure is expected to…
11 companies approach SEBI in August with IPO proposals worth Rs 7,000 cr to fund their expansion projects
Companies
September 3, 2018
11 companies approach SEBI in August with IPO proposals worth Rs 7,000 cr to fund their expansion projects
New Delhi: As many as 11 firms, including AGS Transact Technologies and ASK Investment Managers, have approached capital market regulator SEBI…
Wipro shares jump over 8% as company bags biggest order till date for $1.5 bn from Alight Solutions
Info-Tech
September 3, 2018
Wipro shares jump over 8% as company bags biggest order till date for $1.5 bn from Alight Solutions
Shares of Wipro on Monday surged more than 8 percent in morning trade on bourses after the IT services major…