Paytm to expand team by 2,000

April 7: India’s leading mobile payment company Paytm is on a head count expansion spree to bring on board 2,000 executives in South India for its merchant acquisition game plan.

Devatha Fabrics to enter women’s ethnic wear before Dec 2017

April 7: Devatha Fabrics, a city-based company with a century-old heritage in dealing with silk, is targeting to reach Rs 100 crore in the next five years from its current revenue of Rs 15 crore.

RBI retains repo rate at 6.25%

April 7: The wait for home loan borrowers for lower interest rates just got longer with the Reserve Bank of India deciding to keep the lending rate unchanged at 6.25%.

Government to increase R&D spend to 2% of GDP

April 7: The Centre has decided to increase research and development funding from the current 1% of GDP to 2% from this year onwards, said Department of Science and Technology (DST) Secretary Ashutosh Sharma.

B’luru-based brands show strength: report

April 7: According to ‘The Brand Trust Report 2017’, Bengaluru-based brands have made a strong showing with city-based brands leading six of the 40 Super categories.

PoS devices tally to touch 76 L by 2022

April 7: With India steadily migrating towards digital format and non-cash transactions, the number of Point of Sale (PoS) devices installed in the country

RBI guv takes dig at UP loan waiver

April 7: RBI Governor Urjit Patel came down heavily on the Uttar Pradesh government’s decision to waive crop loans up to Rs 1 lakh, a move which is likely to cost the state over Rs 36,000 crore.

Sensex tanks 164 pts on Asian cues; RIL plunges 1.75%

April 17: The benchmark BSE Sensex lost over 164 points to 29,763.02 in early trade today as RIL led the fall on increased selling by participants amid weak trend in other Asian markets.

Tax evasion of more than Rs 1.37 lk cr detected in last 3 yrs

March 7: The Revenue Department today said it has detected evasion of more than Rs 1.37 lakh crore in both direct and indirect taxes and identified over 1,000 shell companies

India jumps 12 spots in WEF’s global travel & tourism ranking.

India has jumped 12 places to 40th rank globally in travel and tourism competitiveness list by World Economic Forum.........

Twitter Southeast Asia and India MD brushes turmoil, launches Twitter Lite in India first.

After the turbulence of 2016, Twitter is expecting a smoother year ahead, with the micro-blogging firm expecting big gains in India, one of its fastest growing markets..............

RBI keeps repo rate unchanged at 6.25%, raises reverse repo rate to 6%.

Indians will have to wait for consumer and home loans to become cheaper as the Reserve Bank of India kept policy lending rates unchanged on Thursday ........

RBI sees inflation firming up to 5% on GST

Consumers can expect prices of goods and services to firm up after Goods and Services Tax is rolled out.........

Government electrifies over 13,000 villages out of 18,452.

The government has managed to cross another milestone by electrifying over 13,000 villages so far out of the 18,452 unelectrified ones............

Coal India actively looking to invest in coal assets in Australia

Coal India Ltd is actively looking to acquire coking coal assets in Australia, a senior company official told Reuters, as the country looks to beef up its foreign coal assets.......................

Volkswagen launches new Vento Highline Plus variant in India at Rs 10.84 lakh.

Volkswagen India launched a new variant of its mid-size sedan -- the Vento Highline Plus -- at Rs 10.84 lakh (ex-showroom Mumbai). The model will be available in both manual as well as...........

Centre’s tax collections up 18% at Rs 17.1 lakh crore, tops target for 2016-17.

The Centre’s tax collections grew 18% during the financial year 2016-17 to Rs 17.10 lakh crore, following robust mop up from excise and income tax, the finance ministry said on Tuesday............

Ducati Multistrada 1200 Enduro review: A large ride for the wanderer.

Sometimes, just on that rare occasion, there is beauty in monstrosity. And it is the sort that is so in your face. Enter the Multistrada 1200 Enduro. Its sheer size is jaw-dropping. It’s an intimidating..........

ATMs still running dry; withdrawals drop due to shortage of Rs 500, Rs100 notes.

Nearly three weeks after the Reserve Bank of India (RBI) lifted cash-withdrawal limits imposed in the wake of demonetisation, ATMs continue to run dry in several locations............

Tesla overtakes giant Ford in market cap, sells 25,000 e-cars from Jan to March.

Tesla on Monday became the second-largest US car maker in terms of market capitalisation, displacing Ford, whose sales lagged amid concerns about the ability of the US market to keep growing...............

Gave approval to Aircel-Maxis deal in normal course of biz: Chidambaram.

Former Finance Minister P Chidambaram today said he had granted approval to the Aircel-Maxis deal “in the normal course of business.”

Tesla’s market value overtakes Ford

Tesla’s market value has overtaken that of Ford after shares in the electric car maker added more than 7%......

RBI to keep interest rates unchanged, with inflation under control.

The Reserve Bank of India (RBI) will keep interest rates unchanged at its meeting on Thursday and as inflation is below target while borrowing costs are more likely to fall than rise...............

Asian Paints arm acquires Sri Lankan firm Causeway Paints.

Asian Paints today said its subsidiary Berger International has fully acquired Sri Lanka’s Causeway Paints in an all cash deal of Rs 387 crore........

Spark Minda inaugurates new plant in Mexico.

Auto component maker Spark Minda, Ashok Minda group today announced operations of its new plant in Mexico that will supply parts to Volkswagen group..........

Cracks resurface at Infosys, Narayana Murthy says COO’s salary hike ‘not proper’.

Infosys Ltd’s promoters continue to be unhappy with some decisions made by the board of India’s second-largest software services company. A majority of the promoters did not vote for a resolution .......

BS III ban to cost automakers nearly Rs 3,000 cr.

The ban on BS III vehicles imposed by the Supreme Court on Wednesday will cost automakers nearly Rs 3,000 crore, according to market research firm Crisil.........

Oracle denies talks to acquire Accenture.

California-headquartered global IT major Oracle has denied reports of holding discussions to acquire IT and consultancy giant Accenture............

’RERA could delay project launches’

April 3: Real estate developer Puravankara believes that post RERA (Real Estate Development and Regulation Act, 2016), there will be some delay in project launches depending on the readiness of authorities across states. to hire people, introduce more products

April 3: Online insurance booking portal has plans to increase its employee strength from the present 300 plus to 500 by the end of 2018.

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