India
Vai alla Scheda Paese »Live as if you were to die tomorrow. Learn as if you were to live forever.
— Mahatma Gandhi
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Ex-Flipkart duo will start health venture
Two of the most high-profile Flipkart executives - Mukesh Bansal and Ankit Nagori, who left the e-commerce major last month amid a sudden shakeout in the company - are gearing up to launch a new venture in the healthcare and fitness space.
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This Holi, no takers for local gulal as Chinese products flood market
An Associated Chambers of Commerce of India survey found that Chinese Holi products such as gulal and pichkari were more "innovative" and were cheaper by up to 55%, due to which they were outselling the ones manufactured locally in states like Uttar Pradesh, Rajasthan, Madhya Pradesh and Gujarat.
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RBI spotted intervening after rupee falls, traders say
The Reserve Bank of India likely sold dollars through state-owned banks in a bid to prevent sharper falls in the rupee after explosions at the Brussels airport hit global markets, three currency traders said. They said the intervention started when the rupee fell to around 66.83 per dollar.
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Agriculture has to grow fastest to eradicate poverty, Arun Jaitley says
Finance minister Arun Jaitley laid bare the priority of the government, saying agriculture will have to grow "fastest" for the country to get rid of poverty and push the overall GDP expansion. With two successive bad monsoons, Jaitley said a poor rainfall this year will put the "system to test".
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US dollar ends higher against rupee
The US dollar ended higher against the rupee at 66.71/72 per dollar but the pound sterling turned lower at Rs 95.28/30 per pound at the close of the Interbank Foreign Exchange market on Tuesday. Unit Interbank RBI reference US Dollar 66.71/72 Pound Sterling 95.28/30 Euro Rs 74.8987.
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Sensex climbs for 3rd day, Brussels attacks keep lid on gains
The benchmark Sensex on Tuesday closed in the positive territory for the third straight day, but the day's gain was limited to just 45 points after deadly terror attacks in Brussels sent markets globally into a tailspin. The closing was a fresh 11-week high of 25,330.
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Edelweiss to acquire JP Morgan’s MF business in India
Edelweiss Asset Management (EAML) has announced that it has executed an agreement to acquire the onshore fund schemes managed by JP Morgan Asset Management India (JPMAM), including its India-based onshore mutual fund (MF) business and the international fund of funds for an undisclosed sum.
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Indian oil imports to drop 10% over next 6 years: Oil Minister
Import dependence has, however, risen since then to 78.5% in 2014-15 when India imported 189.4 million tonnes of crude oil for $112.7 billion
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Current account deficit to be closer to 1.3% of GDP: India Ratings
CAD, difference between inflow and outflow of foreign exchange, came in at 1.3% in 2014-15, 1.7% in 2013-14 and a record high of 4.8% of GDP in 2012-13
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BigBasket closes $150m fund-raise
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Edelweiss acquires JP Morgan's India MF biz
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Ex-Flipkart execs will start health venture
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Now get a loan for hair transplant, dental braces
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United Breweries says no to Kingfisher airline brand
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India attracts over Rs 1.28 lakh crore in electronics manufacturing
Total investments in electronics manufacturing sector in India, one of the world's largest consumer electronics market, has crossed Rs 1.28 lakh crore, communications and IT minister Ravi Shankar Prasad said. Prasad said India is likely to have half a billion internet users by the end of 2016.
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Mallya brought 'terrible name' to India Inc: Jaitley
Union Finance Minister Arun Jaitley today said the behaviour of liquor baron Vijay Mallya, the chairman of grounded Kingfisher Airlines and who has defaulted on Rs 9,000 crore repayment to 17 banks, has brought the private sector entrepreneurs in India a "terrible name.
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Google Capital backs CarDekho
Google Capital is leading a new financing round in auto classifieds portal CarDekho with participation from its existing investor, China's Hillhouse Capital. CarDekho is said to have raised around $15 million, but the company did not give details on the size of the investment in its prepared statement.
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BigBasket raises $150 million in funding led by Abraaj Group
Indian grocery delivery service BigBasket has raised $150 million in fresh funding in a round led by UAE's Abraaj Group as the company looks to expand its services into smaller cities, the investor said.
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Maruti Suzuki expects sales in double digits in 2016-17
Maruti Suzuki India, the country's largest carmaker, on Tuesday said it expects sales to grow in double digits in 2016-17, with new models Baleno and Vitara Brezza likely to drive growth. When asked if the increase in prices due to the infrastructure cess has affected sales, he replied in the ...
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India to outperform emerging markets in 2016: Morgan Stanley survey
Foreign investors have pumped in nearly Rs 13,000 cr into Indian equities after withdrawing nearly Rs 26,200 cr in the first two months of the year.
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Sensex opens 44 points down on profit-booking, Nifty below 7,700
Sensex fell almost 44 points and the NSE Nifty slipped below the 7,700-mark in early trade following profit-booking by investors after recent gains amid mixed Asian cues. It gained 608 points in the last two sessions on increasing prospects of a lower policy rate and sustained foreign fund inflows.