Month: October 2018
PepsiCo to transport 16 truckloads of products in India’s first container movement on inland waterways
Companies
October 30, 2018
PepsiCo to transport 16 truckloads of products in India’s first container movement on inland waterways
The vessel, called MV RN Tagore will take 9-10 days to reach Varanasi and will return with fertilizers from IFFCO’s…
India, Japan sign $75 billion currency swap agreement
Economy
October 30, 2018
India, Japan sign $75 billion currency swap agreement
Under the arrangement, India can acquire dollars from Japan in exchange for rupees while Japan can seek dollars from India…
Revenue Rs 49 cr, loss Rs 781 cr; PhonePe burning Rs 16 for every rupee earned in market share war with Paytm
Economy
October 30, 2018
Revenue Rs 49 cr, loss Rs 781 cr; PhonePe burning Rs 16 for every rupee earned in market share war with Paytm
PhonePe’s revenues grew by just Rs 3.02 crore to Rs 42.79 crore in FY18 but the startup burned around Rs…
SEBI proposes relaxed norms for startup listing; will allow more investor categories, ease shareholding norms
Startup
October 29, 2018
SEBI proposes relaxed norms for startup listing; will allow more investor categories, ease shareholding norms
To make the listing on bourses more attractive for startups, markets regulator Securities and Exchange Board of India (SEBI) Friday came…
Air quality in Delhi continues to be poor, authorities recommend measures
India
October 29, 2018
Air quality in Delhi continues to be poor, authorities recommend measures
On Saturday, five areas in Delhi recorded severe pollution levels. They are Anand Vihar, Dwarka Sector 8, Narela, Punjabi Bagh…
IT hiring gets a fillip: Software companies bullish on employment prospects, to scale up recruitment by March 2019
Companies
October 26, 2018
IT hiring gets a fillip: Software companies bullish on employment prospects, to scale up recruitment by March 2019
It looks like it is a good time again for the Information Technology sector in India. Companies are hiring more…
Indian Railways to offer discounts and partially scrap Flexi-fare system as a Diwali gift to passengers
India
October 26, 2018
Indian Railways to offer discounts and partially scrap Flexi-fare system as a Diwali gift to passengers
Railway Minister Piyush Goyal is all set to give a Diwali gift to travellers. The Flexi-fare scheme has previously felt criticism from…
Rupee falls in early trade amid weaker domestic market
Economy
October 26, 2018
Rupee falls in early trade amid weaker domestic market
The rupee has fallen over 15% since the beginning of this year on higher current account deficit, soaring crude oil…
Over 1,200 startups enter ecosystem in 2018 registering 108% growth; total funding rises to $4.2 billion in 2018
Startup
October 26, 2018
Over 1,200 startups enter ecosystem in 2018 registering 108% growth; total funding rises to $4.2 billion in 2018
Startups in India saw a 108 percent growth in total funding from $2 billion in 2017 to $4.2 billion this…
India to become world’s third largest aviation market around 2024 surpassing United Kingdom: IATA
India
October 25, 2018
India to become world’s third largest aviation market around 2024 surpassing United Kingdom: IATA
India will become the world’s third largest aviation market around 2024 surpassing the UK, global airlines’ body IATA said on…
Donald Trump says letting people enter US illegally ‘unfair’ to those waiting years to legally obtain green card
World News
October 25, 2018
Donald Trump says letting people enter US illegally ‘unfair’ to those waiting years to legally obtain green card
US President Donald Trump Wednesday appeared to have expressed sympathy with those in agonizing long wait for the green card,…
NBFC liquidity crisis rattles realty sector; may hit demand-supply and fund inflows to developers
Uncategorized
October 25, 2018
NBFC liquidity crisis rattles realty sector; may hit demand-supply and fund inflows to developers
The ongoing liquidity crisis in NBFCs has “rattled” realty sector as this could hit fund inflows to developers as well…
India may be among late adopters of 5G services as telcos focus on 4G, says Moody’s
India
October 25, 2018
India may be among late adopters of 5G services as telcos focus on 4G, says Moody’s
Moody’s said that it expects Japan, Korea and Australia to lead the APAC region in rolling out of 5G data…
In a new avatar, Cyrus Mistry turns investor to fund start-ups two years after ouster from Tata Sons
Economy
October 24, 2018
In a new avatar, Cyrus Mistry turns investor to fund start-ups two years after ouster from Tata Sons
Under his new venture Mistry Ventures LLP, which he started with his elder brother Shapoor, Cyrus Mistry will provide strategic…
Train 18, India’s first engine-less train to start trial run on October 29
Economy
October 24, 2018
Train 18, India’s first engine-less train to start trial run on October 29
The prototype of the train cost nearly Rs 100 crore to build as mentioned by ICF General Manager Sudhanshu Mani,…
Wipro Q2 net profit drops 14% to Rs 1,889 cr; revenue from operations grows 8.3% to Rs 14,541 cr
Companies
October 24, 2018
Wipro Q2 net profit drops 14% to Rs 1,889 cr; revenue from operations grows 8.3% to Rs 14,541 cr
IT services major Wipro on Wednesday posted a 13.8 percent decline in consolidated net profit at Rs 1,889 crore for…
Debate rages over engine driver’s role in Amritsar train accident: A look at the life of driver on railway tracks
India
October 23, 2018
Debate rages over engine driver’s role in Amritsar train accident: A look at the life of driver on railway tracks
The Indian Railways are a hot topic of discussion ever since the train accident that killed 60 people on Friday…
Hyundai Santro makes comeback in India; two variants launched, introductory price starts from Rs 3.89 lakh
Companies
October 23, 2018
Hyundai Santro makes comeback in India; two variants launched, introductory price starts from Rs 3.89 lakh
New Delhi: South Korean auto major Hyundai on Tuesday launched its once popular hatchback, Santro, in a new avatar in India,…
SC refuses blanket ban on sale of firecrackers; allows burning of ‘green crackers’ from 8pm to 10pm
Economy
October 23, 2018
SC refuses blanket ban on sale of firecrackers; allows burning of ‘green crackers’ from 8pm to 10pm
The court, additionally, banned the online sale of firecrackers and banned e-commerce sites from selling them. The Supreme Court on…
Direct tax collection grows 15.7% to Rs 4.89 lakh crore, says CBDT
Economy
October 22, 2018
Direct tax collection grows 15.7% to Rs 4.89 lakh crore, says CBDT
As per the latest data, the number of taxpayers getting refunds is up by 62 per cent from 1.22 crore…