Business

Authors: Jordan

Mumbai: E-commerce firm Flipkart's board has approved a deal to sell an equity stake of about 75 per cent in the company to a group led by Walmart Inc for about $15 billion, Bloomberg reported on Friday, citing unnamed sources.

SoftBank will sell its 20-plus per cent stake as part of the deal, Bloomberg said, adding Google's parent

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Authors: Jordan

The stations are decorated with paintings, murals, sculptures of tigers, local jungles and other wildlife

Mumbai: Decorated with paintings, murals and sculptures of tigers, local jungles and other wildlife, Chandrapur and Ballarshah stations in the Nagpur Division of Central Railway have been adjudged "Most Beautiful Station" on India
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Authors: Jordan

BSNL's Rs 319 prepaid recharge plan is valid for 90 days.

State-run telecom operator, BSNL or Bharat Sanchar Nigam Limited has come up with new unlimited prepaid recharge plan offers priced at Rs 99 and Rs 319 for its prepaid customers,
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Authors: Jordan

Partial withdrawals are allowed from PPF accounts even during the extended period.

PPF or public provident fund account is one of the most popular small savings scheme. PPF account holders can invest up to Rs 1.5 lakh in a financial year while the minimum deposit required is Rs 500. Deposits can be made in lump-sum or in 12
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Authors: Jordan

IndiGo, country's largest airline, has come up with an offer of 20 per cent discount on food and beverages for passengers if they pay using their Mastercard credit cards. IndiGo's discount offer is valid on purchases made on-board only.
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Authors: Jordan

The Sensex and Nifty declined on Thursday, dragged down by IT and FMCG stocks, while caution prevailed in global markets ahead of China-US talks on tariffs. The US dollar today consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes. Reports that the
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Authors: Jordan

The service sector plays a crucial role in India's economy.

Activity in India's dominant service sector accelerated in April thanks to a pick-up in new business that encouraged firms to hire at the fastest pace in seven years, a private
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Authors: Jordan

State Bank of India (SBI), the largest lender of the country, offers many types of credit cards.

Credit cards are a convenient way to pay for things, but convenience can come at a cost. People often spend more when they use a credit card than they would if they were using cash. Thus it is important to ask yourself questions like: is
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Authors: Jordan

IRB Infra's InvIT was listed in 2018 fiscal and seven projects were transferred to it

Laying a strong base for the next financial year, IRB Infrastructure announced upbeat results for the fourth quarter of fiscal 2018, posting a double digit percentage rise in its net profit to Rs 240 crore. The
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Authors: Jordan

Bank FDs: Senior citizens are entitled to higher income deductions on interest income from this fiscal.

For investors looking for a guaranteed or regular income, bank fixed deposits or bank FDs remain very popular investment options. Many banks offer the options of opening fixed deposits online. Maturity period of up to 10 years are
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Authors: Jordan

The move will help improve India's ranking in the ease of doing business index.

New Delhi: An executive order aimed at amending a law to allow speedy disposal of commercial disputes came into force today. The government says the move will help improve India's ranking in the ease of doing business index. According to the executive o
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Authors: Jordan

More than 90 percent of India's labor force estimated to work in the informal economy

For those trying to solve the Indian economy jigsaw puzzle, reliable jobs data has been one crucial missing piece. Prime Minister Narendra Modi has a plan to fix that defect.

The government is set to map employment in

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The zero minimum balance requirement of SBI's Insta Savings Account is a limited period offer, SBI said.

State Bank of India (SBI) is offering the facility of opening an account which does not require any minimum balance til August 2018.
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Pension fund regulator PFRDA on Thursday said the National Pension System (NPS) subscribers will now have the option to partially withdraw funds from their accounts for pursuing higher education or setting up new business. The decision
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Authors: Jordan

EPFO subscribers can also view their provident fund (PF) contributions via Umang app.

Mobile app Umang, a one-stop solution for many government services, is now offering details of your deposited pension, according to EPFO or Employees'
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Authors: Jordan

Gold imports declined by 50 per cent in the March quarter of this year to 153 tonne

Mumbai: The gold demand in India fell by 12 per cent in the first quarter of this year to 115.6 tonne compared to the same period last year due to high local gold price, the World Gold Council (WGC) said in a report. The total demand stood at 131.2
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The Unique Identification Authority of India (UIDAI) on Thursday said its enrolment software is armed with necessary safeguards and checks to protect against any manipulation, and it discredited the claims in the report as "baseless and
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Jio offers data ranging from 1 GB to 140 GBs in eight recharge packs priced from Rs 49 to Rs 799

Reliance Jio currently offers a range of prepaid recharge packs with a validity period of one month (28 days). In its recharge packs priced
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Indian stock markets edged lower today amid weak Asian markets. The Sensex was down 60 points at 35,041 while Nifty slipped 18 points to 10,661. IT, banking and oil - gas stocks were under some degree of pressure. Infosys, Tech
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Vodafone prepaid recharge plans: Vodafone is fighting intense competition from Reliance Jio, Airtel.

Vodafone India now offers 3 GB of gigabytes of data per day in prepaid recharge plan of Rs 349. Earlier, Rs 348 prepaid recharge plan of Vodafone used to offer 2.5 GB of data per day. But recently, Vodafone started offering more data
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Authors: Jordan

Destinations for travel geeks in India are no more limited to just domestic points of interest as international destinations have surged these lists in the past decade. The UN World Tourism Organisation (UNWTO) predicts that India will
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Authors: Jordan

All listed Indian firms are required to provide specified data on foreign investment to the depositories.

In order to enable listed Indian companies to ensure compliance with the various foreign investment limits, Reserve Bank Of India
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IRCTC Nepal tour: Destinations covered are Kathmandu, Bhaktapur, Patan and Nagarkot.

IRCTC or Indian Railway Catering and Tourism Corporation is offering a three-night and four-day-long air tour package to Nepal priced from Rs 25,700 per head. This was said by IRCTC, the ticketing arm of Indian Railways, on its tourism website -
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Authors: Jordan

Shares Of InterGlobe Aviation, Operator Of IndiGo, Plunge 18% On Weak Q4

nterGlobe Aviation had reported its earnings after market hours yesterday.

Shares of InterGlobe Aviation slumped as much as 18 per cent today, after the owner of India's top carrier IndiGo reported a 73 per cent
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Authors: Jordan

Mumbai: Country's largest online marketplace Flipkart has bought back $350 million worth of shares from its investors as it seeks to convert its Singapore-incorporated company to a private limited firm, in a move that could ease the way in for a new strategic investor. US retail giant Walmart Inc is in advanced talks with Flipkart
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Authors: Jordan

WhatsApp executive Neeraj Arora could be elevated to be the next CEO of WhatsApp, after Jan Koum stepped down from the top job at the messaging app company earlier this week. According to a report by TechCrunch, WhatsApp business executive Neeraj Arora could be "one possible candidate for the CEO
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Authors: Jordan

Sensex Edges Lower, Nifty Near 10,700; IndiGo Shares Slump 7%

Q4 profit dropped to Rs 118 crore, from Rs 440 crore a year earlier, InterGlobe said.

he Sensex and Nifty edged lower today. The Sensex wad down 15 points while Nifty hovered around 10,705. Shares of InterGlobe
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Authors: Jordan

The amount for which a single money order may be issued must not exceed Rs 5,000.

Post offices enable customers to send money orders. A money order is an order issued by the post office for the payment of a sum of money to the person in
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An Inquiry has been held to identify the wrong doers and initiate appropriate action

IRCTC (Indian Railways) has admitted that it has come to notice that a video has been in circulation in social media in the last few days of a vendor seen coming out of train toilet with tea/coffee cans, conveying that water is being mixed in the
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Authors: Jordan

Sensex Edges Lower, Nifty Near 10,700; IndiGo Shares Slump 7%

Q4 profit dropped to Rs 118 crore, from Rs 440 crore a year earlier, InterGlobe said.

he Sensex and Nifty edged lower today. The Sensex wad down 15 points while Nifty hovered around 10,705. Shares of InterGlobe
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