Billionaire Mukesh Ambani's Reliance Industries has started limited test use of WhatsApp to connect customers to grocery stores, days after Facebook decided to invest $5.7 billion in digital assets controlled by the company
Vodafone Idea's long term viability remains under cloud, despite near-term liquidity support: Report
The $200 million fund infusion by British telecom giant Vodafone offers near-term liquidity support to Vodafone Idea, but longer-term viability remains under cloud, Credit Suisse has said
Facebook invests $5.7 billion in Reliance Industries Jio Platforms; plans digital services for Indian grocers
The deal for 9.99 percent of Jio Platforms, which houses the telecoms unit Jio Infocomm as well as other news, movie and music apps, gives Jio Platforms an enterprise value of about $66 billion, Reliance said.
The financial impact of the coronavirus — visible in shuttered factories, empty airports and desolate downtowns — makes government worst-case scenarios, a 4.3 percent decline in European Union economic output by the end of 2022, seem mild
Citigroup, Credit Suisse, Nomura among banks curbing trips to Italy on fears over coronavirus outbreak: Report
The curbs come as coronavirus infections have soared across northern Italy over the past few days, causing seven deaths and more than 200 cases.
Roger Federer has responded to criticism from teenaged climate change activist Greta Thunberg, saying he is 'happy to be reminded' of his responsibilities
Alibaba and the $15 billion question: Amid Hong Kong protests, Chinese e-commerce company faces dilemma over listing
The protests in Hong Kong have added to the complexity of Alibaba's listing in the city, already difficult because of China’s tight control of cross-border share trading
Baring Private Equity Asia to acquire 30% stake in NIIT Technologies for Rs 2,627 cr, to make open offer to shareholders
NIIT Ltd holds about 23% stake, while founders Rajendra Pawar and Vijay Thadani with their families hold around 7% shares in NIIT Technologies
ICICI Bank shares rise nearly 3% on board decision to revoke ex-CEO Chanda Kochhar's financial entitlements
Shares of the country’s third-largest private sector lender by market value were last up 1 percent at Rs 369.95.
India creates 7,300 more millionaires in one year worth $6 trillion; highest number of female billionaires at 18.6%, reveals study
By mid-2018, in dollar terms, wealth in India grew by a modest 2.6 percent to around $6 trillion and wealth per adult stayed flat at $7,020 mainly due to the rupee plunge against the dollar, it said.
India created 7,300 millionaires in a year, has one of highest proportions of women billionaires in world, says report
Amidst rising concern over the increasing inequality, the country created a whopping 7,300 more millionaires during the 12 months to mid-2018, according to Credit Suisse.
GDP growth likely to have peaked in Q1; moderation expected as weaker rupee remains major headwind: Credit Suisse
According Credit Suisse, the 8.2 percent GDP growth for the April-June quarter of this year, though "encouraging", was largely owing to base effects.
Paytm bets on local expertise to fend off rivals, aims to increase offline merchants to 15 million by March 2019
Paytm is transforming into a financial services start-up with forays in banking, mutual funds and later insurance.
Trade fears in Britain are focused on what deal it can strike with the European Union before leaving the bloc at the end of March.
While there is nothing uncommon about investing in subsidiaries or affiliates, 'investments in businesses with zero operations and at a premium' raises a red flag.
The Swiss National Bank (SNB) further said its figures include the "data from branches of Swiss banks in India" and therefore the locational banking statistics (LBS) compiled by the Bank for International Settlements (BIS), a global central banking body, would be more reliable.
Offshore tax haven concealing data may delay seizure of assets under Fugitive Economic Offenders law
The ED can do little despite penetrating the veil of secrecy in some cases due to tax havens' non-cooperation in unearthing tax evasion and fraud.
At present, it's difficult to gauge whether Jio is eating into others' share or adding to the pie with customers buying Jiophones as their secondary device.
IIT Kharagpur placements: Over 300 students bag jobs in two days, Apple makes debut at the institute
The first day of the recruitment season had 29 companies visiting the campus, including Flipkart, HSBC, American Express, IBM Research, JP Morgan, Schlumberger, Airbus, Goldman Sachs, Credit Suisse, Microsoft, ITC and UBER.
Credit Suisse said structural reforms including GST has introduced significant uncertainties related to growth, fiscal health, inflation, currency and the banking system in the country, for the near term