India Blog News - Page 15

Walmart-Flipkart deal: Predatory pricing can't be foretold; US retailer need not fear competition watchdog for now

Walmart falls within the ambit of the pre-approval regime with its global turnover far in excess of the minimum prescribed.

Sensex climbs 134 pts ahead of macro data; Rupee gains 21 paise against dollar in early trade

Sensex went up 133.60 points, or 0.38 percent, to 35,379.87. The gauge lost 73.08 points in the previous session.

ICICI-Videocon loan row: Lok Ranjan, government's nominee on bank board, transferred to Dept of Personnel

Lok Ranjan's transfer comes a month after he was appointed on the board of the bank whose CMD Chanda Kochhar is facing allegations of conflict of interest in sanctioning of loan to Videocon group.

India Inc's M&A tally rises 8-fold to $19.1 bn with 40 transactions, highest monthly deal value since March 2018: Report

India continues to see a strong growth in deal activity, with the year so far recording 442 deals (M&A and PE) worth $44 billion, a 26 percent increase in deal values,

PC Jeweller approves buy-back of shares worth Rs 424 cr after sharp plunge in stock price in recent weeks

PC Jeweller's buy-back of 1.21 crore shares comprise 3.07 percent of the total paid-up equity capital of the company

Relief for solar producers as government scraps import duty, but still some 'uncertainty' about process remains

Several consignments of solar modules, worth more than $150 million in total, were held up for more than three months at ports after customs’ officials in August demanded that some of them be classified as “electric motors and generators”, carrying a 7.5% import duty.

Walmart buys 77% of Flipkart: Why letting foreign money fund e-commerce businesses is vital to protecting consumers

Media reports suggest that Sachin Bansal could earn a billion dollars by selling his 5.5 percent stake at around a billion dollars (or Rs 6,740 crore).

Dear Sachin Bansal: Letting go of Flipkart must hurt, but here's your big chance to build a great Indian tech giant

Sachin Bansal will turn 36 later this year, and have youth on your side, with a combination of experience. That's a great place to be

Sensex soars 128 points in early trade on firm global cues; Rupee takes more losses, sheds 10 paise against dollar

The 30-share Sensex, which gained 403.97 points in the previous three sessions, added 128.08 points, or 0.36 percent, at 35,447.43.

Walmart to pay $16 bn for Flipkart: CEO Doug McMillon says India is a priority market for US retail giant

The record deal will also give Walmart an opportunity to partner with the local leader in growing market, as the e-tailer's leadership team will be supported by investment and technology partners.

Walmart notches biggest foreign investment with $16 billion Flipkart deal: A look at 12 other global investments of US retail giant

Walmart bought UK grocery chain Asda Group PLC in 1999 for 6.7 billion pounds, which was the retailer’s biggest acquisition up until the Flipkart deal.

Walmart's 77% acquisition impact: Flipkart investors eBay, Naspers sell their stake; eBay to relaunch India operations

US-based eBay on Wednesday said it plans to sell its stake in Flipkart for about $ 1.1 billion, and will relaunch eBay India focusing initially on cross border trade opportunity.

Flipkart bet pays off: From modest beginnings to the Walmart nuptial; what's next for the Bansals?

Flipkart, Bansals' e-commerce bet finally has paid off big time and set the 2018 M&A counters ringing with US retailer Walmart buying about 77 percent stake in Flipkart for $16 billion.

Flipkart-Walmart deal: Charting the journeys of a home-grown behemoth and a US retail giant in India

The deal's highlights of the Indian e-commerce giant Flipkart, in which US-based Walmart has bought 77 percent stake for $16 billion:

UK Court ruling on Vijay Mallya: Why game is far from over for the fugitive liquor baron

Vijay Mallya still has many legal loopholes available including moving the Court of Appeals or approaching the local ministry for relief, according to senior bankers

UK court ruling: Vijay Mallya's assets in England, Wales may go under hammer to recover money owed to Indian banks

Judge Andrew Henshaw refused to overturn a worldwide order freezing 62-year-old Mallya's assets and upheld an Indian court's ruling that a consortium of 13 Indian banks were entitled to recover funds amounting to nearly $1.55 billion

Vijay Mallya case: London Court’s ruling in favour of Indian banks sends strong signal to global crooks

Vijay Mallya thought he would be comfortably ensconced in his London outskirt home thumbing his nose at the clutch of Indian banks nursing unrecovered loans of close to Rs 10,000 crore together with interest.

Donald Trump pulls out of Iran nuclear deal: Sensex slips 82 points on weak global cues, rupee plunges by 37 paise

The BSE Sensex fell over 82 points in early trade today on weak global cues after President Donald Trump pulled the US out of the landmark Iran nuclear deal, fanning fears of an escalation in geopolitical tensions.

IMF says with a 7.4% GDP growth, India could be the fastest growing major economy in 2018

The IMF's Asia and Pacific Regional Economic Outlook report said that India was recovering from the effects of demonetisation and the introduction of the Goods and Services Tax

Maruti Suzuki to inspect 52,686 new Swift, Baleno models to fix brake vacuum hose; not 'recall' of cars, says co

A total of 44,982 units of new Swift, which was launched in February this year, and 7,704 units of Baleno are covered under the service campaign.

ICICI Bank: Govt nominee unlikely to attend board meets till agencies come out with their probe reports

The government's nominee director on the board of ICICI Bank is unlikely to attend board meetings till agencies come out with their findings on conflict of interest allegations involving the lender's chief Chanda Kochhar

Amazon strengthens war chest against domestic rival Flipkart with fresh capital of Rs 2,600 cr

The fresh funds will provide more arsenal to Amazon.in, which has been aggressively investing in expanding infrastructure and adding solutions to enhance consumer and seller experience.

Vijay Mallya case: Delhi court issues fresh directions to attach fugitive liquor tycoon's properties in FERA violations

Vijay Mallya, who is reportedly in London, had on September 9 submitted before the court that he was “incapacitated” to travel despite “best intentions” as his passport had been revoked.

Rupee falls past 67: Why further slide in the unit may not augur well for Narendra Modi govt in election year

The value of the Indian rupee (INR) has had a direct if not a linear correlation with Indian oil prices. The oil prices have breached the US$ 75 per barrel mark, and it could move further north as hostilities in Syria go on unabated.

IRCTC asks railway zones to deploy at least 10 POS machines in each train to provide bills for food items

IRCTC is the ticketing and catering arm of the Indian Railways.

Fortis stake sale: Latest bid 'more risky', says Manipal CEO Ranjan Pai as hospital mired in regulatory investigation

India’s privately held Manipal Hospitals had to take a “more risky” approach in its latest bid for domestic rival Fortis Healthcare to see off rival suitors, said Manipal’s Chief Executive Ranjan Pai.

Sensex extends gains, climbs 181 pts on global cues, ICICI surges over 6%; Rupee slips 7 paise against dollar in early trade

BSE Sensex advanced about 181 points in early session today, maintaining its positive form for the second straight day on unabated buying by domestic institutional investors

Railway employees to go on 72-hour relay hunger strike against non-implementation of 7th Pay Commission

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