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Oct 19, 2018
ED issues show cause notice to NDTV under FEMA on charge of violating forex law amounting to around Rs 4,000 croreThe Enforcement Directorate (ED) has issued a show cause notice to private television news channel NDTV for alleged violations of the forex law amounting to over Rs 4,000 crore, the central probe agency said Thursday.
Oct 17, 2018
US-based VMware plans $2 billion direct investment in India over next five yearsVMware deals in virtualisation technology which reduced need of building or deploying physical infrastructure required for businesses.
Oct 16, 2018
Saudi Arabia commits to meeting India's rising oil demand, says keen to invest in fuel retailing and petrochemical businessSaudi Arabia committed to meeting India's rising oil demand and said it is keen to invest in fuel retailing and petrochemical business in the world's fastest-growing energy consumer.
Oct 05, 2018
NCLAT adjourns hearing over CCI's $16 bn Walmart-Flipkart deal approval to 12 NovemberThe NCLAT on Friday adjourned its hearing over the petition filed by traders' body CAIT against fair trade regulator CCI's approval of Walmart's $16 billion acquisition of Flipkart.
Sep 22, 2018
After François Hollande's remarks on Rafale deal, Nirmala Sitharaman says govt had 'no role' in selection of firmThe government reiterated that it had no role in the selection of Reliance Defence as the Offset partner in Rafale deal.
Sep 19, 2018
Traders' body CAIT writes to commerce minister Suresh Prabhu over plans to change draft e-commerce policyThe Confederation of All India Traders (CAIT) said that the country's e-commerce market has considerably grown in size and scale which needs a codified policy and a regulatory authority to regulate and monitor the market.
Sep 11, 2018
Reality of CPEC dawns on new Pakistan govt; Imran Khan caught between his people's interests and appeasing ChinaTo be clear, the CPEC was never meant to be a charity project for Pakistan by ‘big brother’ China
Sep 10, 2018
Rupee crashes past 72: Depreciating currency gives economy warning signals; threatens external balance, corporate earningsIt is only the East Asian economies that have withstood the free fall of currencies vis-a-vis the dollar.
Sep 09, 2018
Over 600-700 Indian companies acquired annually over last decade; average transaction size of Rs 200 cr: CII-PwC reportThe CII-PwC study also noted that India has seen M&A activity in excess of $billion 123.7, 182.6 and 348.3 over the last three, five and ten years, respectively
Sep 07, 2018
CAD eases marginally to 2.4% of GDP in Apr-Jun quarter of current fiscal, shows RBI dataIn value terms, the CAD was higher at $15.8 billion in April-June this year as against $15 billion in the same quarter of 2017-18 mainly due to a higher trade deficit.