Uber operates in about 30 Indian cities and has more than 35% share of the taxi market while Ola, which is in 110 cities, has more than a 45% share
Taxi-hailing services Ola and Uber have once again revived talks to merge their businesses here, in a deal being brokered by Japanese investment firm Softbank that is an investor in both the companies.
PNB’s board on Wednesday approved payment over the fraudulent guarantees due by end-March to seven banks. It will also honour any subsequent maturing guarantees when they are due, the bank said
With the GSTN systems being stabilised to a large extent and compliance level increasing the collections are bound to improve in the first quarter of next fiscal year.
There are just too many variables in the assumptions that underlie the government’s announcement.
GSK has started a strategic review of Horlicks - a malt-based drink brand popular in India – and some of its smaller products, after buying Novartis out of their consumer healthcare venture for $13 billion on Tuesday.
Bankers have said the fraud could lead to increased scrutiny of Indian banks operating overseas, and risks undermining foreign lenders’ trust in India’s banking sector if not tackled swiftly.
Manipal Hospitals, part of Manipal Education and Medical Group (MEMG), is owned by Dr Ranjan Pai and has been backed by TPG, a leading global alternative asset firm and experienced healthcare investor since 2015.
The 10-year bond yield dropped to as much as 7.3565 percent from 7.62 percent, its lowest since 29 January, and marking its biggest intraday fall since 9 December, 2013.
What has made buyback so attractive is the 2016 Budget amendment slapping a 10 percent tax on dividend in excess of Rs 10 lakh received by a shareholder, targeting mainly the company promoters.
Airtel is expanding to add network capacity and take services deeper into unconnected areas
A meeting of the rate setting panel, the MPC, will begin on 4 April and the resolution will be announced the next day.
The common man’s role in this saga is to pay taxes on time to help refuel banks, so that lenders don’t run out of funds to feed Mr Fraud.
WEP to disseminate information about government schemes, programmes and other initiatives in the private sector to promote women entrepreneurship.
Modi govt should first acknowledge unemployment problem, else a crisis is in the making
Calling the RBI ban a ‘knee jerk’ reaction, businesses said they are perplexed by the central bank’s sudden decision.
The government wants to use PSBs for running national level programmes and also expects them to perform.
Much of the economic resolution presents vague generalities, apart from the section that lambasts the Modi government’s economic management record.
Those running small and midsize firms rue that the RBI is asking banks to view businessmen, seeking letters of undertaking (LoU), with a doubting eye.
The RBI move bans banks from issuing letters of undertaking, or LoUs, a form of credit guarantee often used between Indian banks and their offshore branches
Supreme Court extends deadline for Aadhaar linkage to mobile numbers indefinitely.
The Reserve Bank of India had issued two circulars in 2016 to banks on strengthening the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system
Axis Bank is working with Google, WhatsApp, Uber, Ola and Samsung pay to be able to create the ecosystem for customers to be able to make payments
The trouble is with the Airbus A320neo aircraft fitted with a particular series of Pratt & Whitney (P&W) engines, found to cause vibrations.
Most of the big banking frauds which were unearthed in the recent past, including the one perpetuated by diamantaire Nirav Modi and his associates, pertain to trade finance.
Both Modi and Choksi have denied wrongdoing, and so have two key accused PNB employees in the case, which has so far led to 19 people being arrested. The whereabouts of Choksi and Modi, who police say left India before the first complaint was filed, are unknown.
The two Bengaluru-based start-ups were part of five start-ups chosen a year back from the second season of the Airbus Bizlab technology acceleration programme that attracted 137 applications from nine countries
Railways to implement most modern technology of European Train Control System (ETCS) in India
The fund will oversee for-profit investments as well as non-profit work and focus on education and future of cities
India's domestic air passenger traffic growth was followed by that of Russian Federation at 7.9 percent and China at 6.6 percent.