Business

The CEO described the amount sanctioned as the highest in any scheme in independent India

New Delhi: The National Housing Bank (NHB) has sanctioned around Rs 3,018 crore under the credit-linked subsidy scheme (CLSS) of the Pradhan Mantri Awas Yojana
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Flipkart, the largest Indian unicorn today, was co-founded by Sachin Bansal and Binny Bansal in 2007. Both alumni of IIT-Delhi (Indian Institute of Technology, Delhi), Sachin Bansal and Binny Bansal had previously worked with Amazon before setting up Flipkart. Sachin Bansal, who has announced his exit from
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The IRCTC package covers return air fare on Air India; breakfast, dinner, hotel stay

IRCTC Tourism offers six day and seven night air package that will cover Chandigarh, Shimla and Manali. The package starts at Rs 32,937 per person. The trip will start on May 26 and the accommodation will be offered in a deluxe hotel, informs IRCTC tourism on its
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JioPostpaid plan at Rs 199 does not require you to pay anything for activation of international roaming.

Reliance Jio on Thursday announced a series of new postpaid plans under its latest postpaid offering JioPostpaid. Reliance Jio's latest offering
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Bharti Airtel has come up with new data plans for its prepaid customers. Bharti Airtel - which provides telecom services under brand Airtel - is offering data packs priced at Rs 49 and Rs 92, according to the telecom company's website - airtel.in. 
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SBI Bank FD: Under SBI's reinvestment plan, facility of premature withdrawal is available.

SBI (State Bank of India) offers various types of term deposits. A term deposit is a fixed-term deposit held at a financial institution. SBI offers reinvestment plan, a variant of term deposits but instead of interest being paid out at a regular frequency
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Recurring deposit accounts with post offices fetch an interest rate of 6.9% per annum.

Recurring deposit (RD) accounts offer interest rates similar to those on fixed deposit (FD) accounts. The benefit of opening a recurring deposit is that your money
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The rupee is down over 5 per cent against the US dollar so far this year

The rupee (INR) closed at 67.31 against the US dollar (USD) on Thursday, marking a fresh 15-month low against the greenback. With that, the rupee added to losses registered after US President Donald Trump pulled the United States out of

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IRCTC's Kanchenjunga tour starts every Sunday.

IRCTC (Indian Railway Catering and Tourism Corporation) tourism has come up with cool Kanchenjunga tour package, said the tourism arm of Indian railways on its official website -- irctctourism.com. Under the package, IRCTC is offering a tour on destinations -- Gangtok-Pelling-Darjeeling for 6 nights
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Unlimited India plan under JioPostpaid starts at Rs 199 per month, Reliance Jio said.

Mukesh Ambani-led Reliance Jio Infocomm Ltd said on Thursday that it will launch a new series of postpaid plans called as JioPostpaid, which will offer unlimited
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Home Loans are a long-term financial commitment with tenures typically ranging between 10 to 30 years. During this time there is a possibility that you may not be happy with your bank or lending institution, or that your existing interest rate may be
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The Walmart deal will leave Sachin, Binny Bansal of Flipkart with deep pockets of $1 billion each

The day when Walmart bought 77% stake in India's largest e-commerce company Flipkartfor nearly $16 billion, the Walmart shares fell nearly 4%. At 9.30 pm (IST), the Walmart stock was trading at $82.28, 4.04% lower
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Flipkart would be run as a board managed company with Walmart acting as a resource centre, said the CEO.

New Delhi: World's largest retailer Walmart Inc on Thursday tried to assuage concerns around its $16 billion takeover of Flipkart, saying the deal is good for the country as it will help create millions of jobs over time and help the economy
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Sachin Bansal has said he will take "some long time off and focus on finishing a few personal projects"

Sachin Bansal, the group chairman of Flipkart, has announced his exit from the e-commerce company he co-founded in 2007. His exit comes in the wake of US retail giant Walmart announcing a deal to acquire Flipkart.
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Eicher Motors wound up a joint venture entity called Eicher Polaris with immediate effect

In its board meeting on Wednesday, the two-wheeler maker Eicher Motors announced Rs 110 dividend on a share of Rs 10, giving a dividend of 1,100%. The net profit
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AirAsia flight tickets on sale start from Rs 1,399 to routes like Kolkata, Chennai etc.

AirAsia India is offering domestic flight tickets starting from Rs 1,399. In addition to this, the carrier is also launching direct flights between Bengaluru and
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IndiGo offers its customers the option to pick a fare type that gives them flexibility of travel dates at no additional cost. Called Flexi Fares, this IndiGo facility has to be opted by a user while booking his or her flight ticket. The Flexi Fare option provides flexibility to the flyers to make unlimited changes to travel dates without incurring
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The deal values the 11-year old Indian e-commerce firm at $20.8 billion.

New Delhi: US retailer Walmart's $16 billion acquisition of e-commerce firm Flipkart will vitiate the country's e-commerce space and create an uneven playing field, traders and retailers said on Wednesday. The Confederation of All India Traders (CAIT) said the deal is nothing
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Yesterday, GoAir announced flight tickets starting at Rs. 1,610 on select routes.

GoAir has come up with a discount offer. GoAir is offering a discount of 10 per cent on download of its new app, according to the airline's website - goair.in. Using
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SM Fathaulla, a retired government employee, owns the 447-C, 12th main, Koramangala property

India's largest e-commerce company, second largest IT services exporter and a biotechnology major share one thing in common: Koramangala, Bengaluru. A suburb in the south-eastern part of Bengaluru where Flipkart, Infosys and
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The Gurugram-based no-frills carrier operates over 1,086 daily flights at present.

Budget carrier IndiGo today said it will launch daily direct air services from Tiruchirappalli to Bengaluru and Kochi from next month. The commencement of the new
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E-tailers such as Flipkart and Amazon India time and again announce limited-period sales

Flipkart and Amazon India have lined up three-day sales from Sunday. Both the e-commerce companies have announced separate sales from May 13 to May 16. Flipkart
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In March, DERC had hiked the fixed charges but reduced the per unit rates of electricity consumed

New Delhi: The Delhi government on Wednesday announced its revised subsidy scheme under which power consumers using up to 400 units will pay at Rs 2 per unit whereas those consuming 100 units will receive a subsidy of Rs 100 per month on fixed charges.

T

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Former employees of Amazon, Sachin Bansal and Binny Bansal had met in 2005 at IIT-Delhi.

New Delhi: From selling books online to striking a jaw-dropping $16 billion deal with the world's largest retailer Walmart, all within 11 years, Flipkart has given India its big startup success story -- the one which is likely to be quoted by starry-eyed
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Gold price: Today it rose by Rs 60 to Rs 32,300 per 10 grams in Delhi.

New Delhi: Gold price continued their upward march for the fifth day, rising by Rs 60 to Rs 32,300 per 10 grams, reported Press Trust of India. Higher global prices and increased
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Sensex and Nifty moved higher in early today amid higher global markets. Broad-based buying was seen even though oil marketing companies were under pressure. The Sensex was up around 150 points while Nifty hit 10,781. Indian Oil, HPCL, BPCL shares
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Rising oil prices are a double-edged sword for the world economy.

Rising oil prices are a double-edged sword for the world economy. With the price of crude up 14 percent this year and now trading at the highest since 2014, exporters of the fuel get to
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Pharma, capital goods stocks were among top losers.

Sensex and Nifty edged lower today amid caution ahead of Karnataka elections, snapping a three-day winning streak. Votes will be cast on Saturday with counting being held on May 15, and results will
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With more than 10 acquisitions, JAB has sought a presence anywhere coffee is drunk.

London/Zurich/Los Angeles: Nestle's $7 billion licensing deal for Starbucks' retail business gives it a much-needed boost in its battle against JAB, the privately owned investment firm stirring up the coffee industry with a string of deals.

JAB, the family office of

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Flipkart co-founder Binny Bansal and other shareholders will hold the remainder stake

Walmart Inc. agreed to buy a controlling stake in India's biggest online retailer, striking a blow against rival Amazon.com Inc. as the battle for e-commerce supremacy goes global.

The world's largest retailer will acquire a 77

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