Business

Amazon invests Rs 2,000 crore to consolidate India business

July 7: Global e-tailing giant Amazon has invested over Rs 2,000 crore (over $ 310 million) in India, in the last two months as it looks to consolidate its position in the country and fend off local rivals like Flipkart.

IndiGo interested in AI’s global operations

July 7: No-frills carrier IndiGo on Thursday ruled out acquiring stakes in Air India, in a joint venture with the government, while making it clear that it is interested only in the national carrier’s international operations.

Infosys to create 2,000 tech jobs in North Carolina

July 7: IT giant Infosys on Thursday announced that it will open its next Technology and Innovation Hub in North Carolina, and plans to hire 2,000 American workers in the state by 2021.

Govt to issue gold bonds from Jul 28

July 7: The government will issue yet another tranche of sovereign gold bonds from July 28, applications for which have been invited from July 10.

IT sector unlikely to show recovery in Q1 results

July 7: The recovery in growth momentum for the Indian IT companies seems to be far away due to the delay in the much anticipated deregulation and the tax rate reforms in the US.

Sensex slips from record; FMCG, banking weigh

July 7: Market today moved lower from its all-time peak as participants were quick to take profit amid a lacklustre trend overseas.

World Bank clears $250-mn loan to train India’s job seekers

June 27: The World Bank has cleared a USD 250-million loan for making Indian youth more employable through reskilling, in a move that is seen to aid the Skill India mission.

Reliance Industries to raise Rs 25k crore

June 27: Reliance Industries has sought shareholders’ nod to raise Rs 25,000 crore through issuance of debentures on private placement basis to meet ongoing capital expenditures and general corporate needs.

Credit growth hits all-time low in FY17

June 27: The record low bank credit growth of 5.1% in FY17 was led by the top 1,000 listed corporates, which saw their net loan outstanding decline by a whopping Rs 1 lakh crore in the reporting year, said a report.

GM starts shipping Beat to Latin America

June 27: General Motors India on Monday announced that it has begun regular shipment of the sedan version of the Chevrolet Beat from its Talegaon export hub to markets in Latin America.

FinMin for extending RBI deadline on Basel III norms

June 27: The finance ministry has made a case for pushing back the Reserve Bank’s deadline for implementing Basel III banking norms in view of higher capital requirement to deal with bad loans which have reached unacceptable levels.

Foodgrain may not be cheaper under GST

June 27: Will foodgrain and pulses really become cheap after the GST? The fine print is different from what is being made to believe.

GST impact: AC, first class train fares to go up marginally

June 27: With the Goods and Services Tax (GST) coming into effect from July 1, train passengers will have to pay a bit more to travel AC and first class.

No GST registration for small biz selling on ecomm platform

June 27: In a move that cheered ecommerce players like Flipkart, Amazon and others, the government onMonday exempted small businesses selling on ecommerce platforms from registration under the GST network till further orders.

USIBC sets up India task force on civil aviation

June 27: The US-India Business Council (USIBC) on Monday launched its India-Task Force on Civil Aviation to identify opportunities to aid implementation of the National Civil Aviation Policy (NCAP).

Sensex opens in green as blue-chips jump

June 27: The Sensex rose 157 points and the Nifty topped 9,600 again in opening trade today, spurred by a fresh spell of buying in select blue-chips amid mixed global indicators.

EEPC India opens Tech Centre in Bengaluru

June 23: The Engineering Export Promotion Council of India (EEPC India), the apex organisation of the country’s engineering exporters

Government to promote energy efficient buildings

June 23: The Centre aims to save Rs 35,000 crore worth energy per annum by 2030 after adopting energy saving methods in all existing and new government as well as commercial buildings in the country.

Indian IT not H-1B dependent, says Sikka

June 23: Infosys CEO Vishal Sikka has refuted the general impression that the Indian IT industry is overly dependent on H-1B visas for its business mode.

Govt to take a call on AI selloff in six months: Panagariya

June 23: The government is expected to take some action on privatising state-owned airline Air India in the next six months, a top official told a private news channel on Thursday.

’Misconceptions about Indian IT cos must be countered’

June 23: Ahead of Prime Minister Narendra Modi’s meeting with US President Donald Trump, the country’s IT companies are of the view that the “misconceptions” about their businesses in the US must be “strongly countered”.

Mini segment sales spur Maruti growth

June 23: Maruti Suzuki India (MSI), which heralded a ‘car culture’ of sorts in the country with its legendary small car offerings, continues to gain immense market share thanks to its push in the mini segment.

Chai Point to foray into loose leaf tea market next month

June 23: An omni-channel tea servicing brand Chai Point, owned by Mountain Trail Foods Pvt Ltd, is all set to launch its own brand in loose leaf tea in July.

Nasscom sees IT export growth slowing

June 23: India’s software exports are expected to grow 7-8% in 2017-18 as against 8.6% last year, according to IT industry lobby group National Association of Software and Services Companies (Nasscom).

No power tariff hike post GST, says Goyal

June 23: Power tariff will not go up in the country post GST, Union Power and Coal Minister Piyush Goyal said on Thursday.

Sensex gets a buying lift, edges up 75 points

June 23: The Sensex climbed 75 points to 31,365 at the start today, aided by fresh domestic and foreign buying amid mixed Asian pointers.

3 LeT militants killed in overnight Pulwama encounter

June 22: Three Lashkar-e-Toiba militants (LeT) were killed in an overnight encounter with security forces in Kakapora area of south Kashmir’s Pulwama district on Thursday.

Mexican sail ship in Mumbai

June 22: The Mexico Navy Ship ARM Cuauhtemoc is currently visiting Mumbai. She is commanded by Captain Rafael Antonio Lagunes Arteaga and has a complement of 184 personnel (40 officers, 13 petty officers and 131 sailors).

Kerala: Farmer commits suicide in Village Office

June 22: A farmer was found dead outside a village office in Kozhikode district on Wednesday night, triggering allegations by his family that he committed suicide due to harassment by staff at the village office.

Countdown for launch of PSLV-C38 begins

June 22: The Indian Space Research Organisation (ISRO) is all set to launch PSLV rocket carrying Cartosat2 series with the 28-hour countdown process for the takeoff started on Thursday morning.

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