Business Blogs News - Page 7

Bengaluru, Delhi and Hyderabad lead digital merchant payments; account for over 40% transactions in 2019: Report

Digital transactions are estimated to have grown by 338 percent from 2018 to 2019, according to the Razorpay report

India needs to imbibe best practices, policies from Israel to accelerate innovation: NASSCOM

The delegation which was on a three-day "Innovation Discovery" tour to Israel from January 19-21 on Tuesday said that India and Israel can collaborate in several vital areas such as agriculture and mobility

Govt approves up to 100% FDI in Bharti Airtel; makes oldest private telecom operator a foreign entity

Bharti Airtel also has the approval of the RBI that allowed foreign investors to hold up to 74 percent stake in the company

Corporate India garners Rs 8.7 lakh cr from domestic, overseas markets in 2019; debt preferred route

Of the total Rs 6.2 lakh crore mopped up through Indian debt markets, over Rs 6 lakh crore came from the private placement and Rs 16,425 crore through public issuance

Sensex, Nifty recoup from losses in opening trade; RIL, IndusInd Bank, HCL Tech trade on positive note

After hitting an intra-day low of 41,301.63, the 30-share BSE index pared losses to trade 86.90 points or 0.21 percent lower at 41,442.01

In 2020, muted credit growth, not bad loans, will be banks’ main concern; a lot will depend on early economic rebound

In the first seven months of the current financial year, the credit growth to large industries contracted by 3.4 percent as against a growth of 0.2 percent in the year-ago period.

High-rises account for over 50% of 1,816 housing projects launched across 7 big cities in 2019

The Delhi-NCR market came next with nearly 70 percent of its total launched projects in the high-rise category.

India's lower than expected GDP numbers 'biggest drag' on global growth forecast for two years, says IMF's Gita Gopinath

India-born IMF Chief Economist Gita Gopinath said growth in India slowed sharply owing to stress in the non-bank financial sector and weak rural income growth

Zomato acquires Uber Eats in an all-stock deal; to get around 10% shares in Gurgaon-based food delivery platform

Despite arriving in the Indian market in 2017, Uber Eats has not made enough inroads in the online food delivery segment

New law to protect foreign investors to exclude tax demands; move to upgrade investment climate: Report

The bill also attempts to upgrade the investment climate and boost foreign investment by setting up new adjudicating authorities to swiftly resolve disputes.

RBI Board may discuss interim dividend in next meeting; govt finances under pressure with moderate revenue collection

If the RBI board agrees to interim dividends based on their six-month performance, it would provide some financial relief to the government,

Tata Consultancy Services share falls over 2% after muted growth in net profit in Q3

Tata Consultancy Services, the country's largest software services major, after market hours on Friday, reported a muted 0.2 percent growth in consolidated net profit at Rs 8,118 crore for the third quarter ended December 2019

Sensex, Nifty slip into red after touching record levels in opening trade; Reliance Industries, TCS, HDFC among major losers

The Sensex dropped 118.74 or 0.28 percent at 41,826.63. The Nifty was down 33.05 points or 0.27 percent at 12310.30. HCL Tech, TCS, Reliance were among major losers.

Air India trade unions to demand VRS package in second meeting with Hardeep Singh Puri today

Air India's net loss in 2018-19 was around Rs 8,556 crore. Moreover, its per day losses are estimated to be in the range of Rs 20-26 crore, along with a debt of around Rs 80,000 crore

J&K a 'jewel' of country, govt will soon come out with industrial package for Union Territory: Piyush Goyal

After J&K came under Governor's rule in June 2018, the development work gained speed and with the bifurcation of the erstwhile state into UTs, many central laws which were not applicable and depriving the people of their rights came into force

Amazon CEO Jeff Bezos seeks to keep controversies at bay; focusses on e-commerce giant's investment, job creation in India in letter

In a letter, Bezos reiterated the e-commerce giant's investment and commitment to job creation in India

Vodafone Idea's ability to compete in Indian market may weaken; to provide opportunity for Airtel, Jio: Moody's

Vodafone Idea, which has to pay Rs 53,038 crore, said it is also "exploring further options, including filing of a curative petition"

Sensex regains 42,000-mark after choppy start; Reliance Industries up 2% ahead of Q2 results, bank stocks slip into red

Sensex and Nifty regained after started off on a tepid note on Friday ahead of quarterly results of index heavyweights Reliance Industries, TCS and HCL Tech

Vodafone Idea, Bharti Airtel exploring options; mull filing curative petition after SC dismisses review plea on AGR issue

Vodafone Idea, reeling under massive debt of around Rs 1.17 lakh crore, had earlier cited acute financial stress on the company behind the decision to raise mobile call and data charges

UN lowers India growth forecast to 5.7% for FY20; expects momentum to pick up in 2020

The Gross Domestic Product (GDP) growth in India and few other large emerging countries may gain some momentum this year after the global economy recorded its lowest growth of 2.3 percent in 2019 due to prolonged trade disputes, a UN study said

JSW Group firm Forma shuts operations within one year of launch; 'business not viable': Report

Forma hoped to become one of the top five readymade furniture brands in India

Honda portrays grim outlook of revival in auto sector in near future; not hopeful of GST cuts for industry

Senior Vice President for Sales and Marketing Y S Guleria said it is difficult to specify in which month or quarter the auto sector revival will happen

BSE to introduce future contracts on brent crude from 27 January instead of 1 February; may launch liquidity enhancement scheme

In a circular, the BSE said, the Exchange shall introduce futures contracts on Brent crude oil in commodity derivatives segment with effect from 27 January 2020."

Amazon fund infusion: E-commerce major pumps in over Rs 1,715 cr into India units ahead of CEO Jeff Bezos' visit

Amazon has committed $5.5 billion in India investments, while Walmart in 2018 pumped in $16 billion to buy a majority stake in Flipkart, its biggest deal

Reliance Jio, UVARC emerge highest bidders for RCom assets; lenders expect to recover Rs 25,000 cr

Reliance Jio has placed Rs 4,700-crore bids for mobile tower and fibre assets of Reliance Infratel Ltd (RITL), a subsidiary of RCom

WPI rises to 7-month high at 2.59% in December from 0.58% in November on hike in onion, potato prices

Among food articles, vegetable prices surged by 69.69 percent mainly on account of onion, which witnessed 455.83 percent jump in prices, followed by potato at 44.97 percent.

CPI inflation at over 5-year high: RBI likely to be cautious before next rate cut; has a tough task ahead to balance growth, rising prices

With retail inflation for December at 7.35 percent, the central bank will be in a cautious mode before considering further rate cuts in policy despite a slowing economy

Siemens to support Australian coal project despite protests; teen climate activist Greta Thunberg asks German firm to review its role

Siemens was awarded a contract last year to provide signaling technology for a railway line to transport coal from a remote coal mine run by India’s Adani Group in northern Queensland state

ICICI Bank approaches Bombay High Court; seeks clawback of bonuses given to former MD, CEO Chanda Kochhar

A clawback is a provision in which incentive-based pay, like a bonus, is taken back from an employee by an employer following misconduct or declining profits