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BUSINESS NEWS

Amazon buys 5% equity in Indian fashion retailer Shoppers Stop for Rs 179.25 Cr

Shoppers Stop, managing director Govind Shrikhande said that he will use the funds to continue expanding physical and online retail businesses.

News Nation Bureau | Sep 24, 2017 03:53 PM

CAIT alleges that Amazon, Flipkart and Snapdeal have violated FDI rules

In its complaint, CAIT said "the advertisements issued by them in past days amounts to soliciting retail customers attheir portals and influencing the prices and creating an uneven level playing...

PTI | Sep 24, 2017 12:06 AM

Arvind Subramanian to get extension as Chief Economic Advisor for one year, says FM Arun Jaitley

Subramanian, a senior fellow at the Peterson Institue for International Economics, was appointed India's Chief Economic Adviser (CEA) in October 2014. His term was for three years, which was to end on...

News Nation Bureau | Sep 23, 2017 02:23 PM

Demonetisation was not required at all, says Manmohan Singh, defiant Jailtey claims achieved principal objectives

Former Prime Minister Manmohan Singh on Friday said the economy is on a “downhill path” because of the “adventure” of demonetisation undertaken last year which was not required at all, either...

News Nation Bureau | Sep 22, 2017 10:43 PM

Sensex plunges 448 points, Nifty slips below 10K amid North Korea missile scare

The Indian stock markets which witnessed sluggish trading sessions over the entire week came down crashing as North Korea threatened to test a nuclear weapon in the Pacific.

News Nation Bureau | Sep 22, 2017 06:29 PM

Baba Ramdev's Patanjali Ayurved plans to raise Rs 1000 crores via investment banks to finance dairy, apparel business

Baba Ramdev's Patanjali Ayurved which has ambitious plan to expand its footprints in the dairy and apparel is in talks with several investment banks to raise structured credit worth Rs 1,000 crore.

News Nation Bureau | Sep 22, 2017 05:16 PM

SC directs Supertech Emerald Court give full refund with 14% interest to investors

Supreme Court on Friday directed constitution of an online portal for flat investors in Supertech Emerald Court project by October 23. The court has appointed Advocate Gaurav Aggarwal as the Amicus...

News Nation Bureau | Sep 22, 2017 01:33 PM

Economic slowdown: Govt may widen fiscal deficit target to 3.7% to increase cash for schemes

The Indian Government is reportedly planning to clamp down economic slowdown by relaxing the fiscal deficit target to enable it to spend up to an additional 500 billion rupees.

News Nation Bureau | Sep 22, 2017 08:55 AM

Flipkart, Amazon and Paytm Mall festive season sales on smartphone breaks last year record

E-commerce giants Flipkart, Amazon and Paytm Mall have seen a huge spurt in smartphone purchases on the first day of their festive season sales, beating last year’s figures.

PTI | Sep 22, 2017 03:18 AM

Govt considers to boost spending by Rs 500 crore in FY18 to revive sluggish economic growth: Report

The central government has envisaged a plan to loosen the fiscal deficit target so that it could increase its spending by an additional 500 billion rupees ($7.7 billion) in the financial year ending...

News Nation Bureau | Sep 21, 2017 07:19 PM

Mahindra acquires Erkunt Traktor Sanayii AS for Rs 800 crore to get access in Turkey's agricultural machinery market

Indian auto giant Mahindra and Mahindra Ltd on Wednesday said it has acquired Turkish tractor maker Erkunt Traktor Sanayii AS and its foundry business for Rs 800 crore through Mahindra Overseas...

News Nation Bureau | Sep 21, 2017 02:47 PM

FM appeals assessees to file GST return 4-5 days in advance before due date

Finance Minister Arun Jaitley on Thursday appealed to assessees that they should file their Goods and Services Tax (GST) return 4-5 days in advance before due date to avoid last minute glitches.

News Nation Bureau | Sep 21, 2017 11:54 AM

Ratan Tata, Lakshmi Mittal, Vinod Khosla share place with Donald Trump in Forbes ‘100 Greatest Living Business Minds’

Three Indian corporate tycoons — CEO and chairman of ArcelorMittal Lakshmi Mittal, Tata group chairman Ratan Tata, and Sun Microsystems co-founder Vinod Khosla have been named in Forbes’ special...

News Nation Bureau | Sep 20, 2017 05:49 PM

18 out of 43 McDonald’s outlets reopen in national capital, says Vikram Bakshi

In a piece of information which will bring joy to many in the national capital, eighteen outlets of fast-food major McDonald’s have reopened on Tuesday.

News Nation Bureau | Sep 20, 2017 01:53 PM

Flipkart, Amazon and Paytm festive sales commence from tomorrow, online retailers tie-up with big brands to provide mega discounts

It is that time of the year when there is a frenzy among shoppers ahead of the festive season in India. In the next two months, the nation will be celebrating Durga Puja followed by Diwali.

News Nation Bureau | Sep 20, 2017 01:48 PM