The Competition Commission of India (CCI) on Tuesday said it has approved Japan-based SoftBank's acquisition of 20 per cent stake in One97 Communications, the firm which owns electronic payment and e-commerce company Paytm.
In a tweet, the CCI said: "@CCI India approves acquisition of 20 per cent stake in One97 Communications Limited by SoftBank Group Corp."
KATHMANDU - Nepalis stand to lose millions of dollars held in high-value Indian bank notes that India banned last year and has yet to exchange, a Nepali central bank official said on Tuesday.
Indian Prime Minister Narendra Modi in November banned 500 rupee ($7.77) and 1,000 rupee bank notes as part of a drive against unaccounted wealth in India that has also hit Nepal
Mumbai, July 18, 2017: SEBI came out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March, 2012.
7NR Retail Ltd became 187th company respectively to get listed on the BSE SME Platform on July 18, 2017. 7NR Retail Ltd came out
NEW DELHI - The government's demand for additional share in the profits and royalty from the contractors of Panna Mukta and Tapti oil and gas fields is "premature", Reliance Industries said in a statement on Tuesday.
Reliance and Royal Dutch Shell own 30 percent interest each in the fields, off India's west coast, while Oil and Natural Gas Corp
Mumbai: July 18, 2017: As a part of Surveillance measures and based on the extant SEBI framework, the Exchanges transfer various securities for settlement on a Trade-to-Trade basis. The criteria for shifting securities to/from for settlement on trade to trade basis is decided in consultation with SEBI and applied uniformly across the stock exchanges and reviewed periodically.
When the sun shines brightly, it's manna from heaven for a solar producer. But for an electricity distributor, the surge in the power lines can be a nightmare. This unpredictability of solar and wind energy has long been a technical challenge that requires adroit balancing of the power grid.
India is now on the threshold of attaining this balance. The new Greening the Grid report,
Reliance Commercial Finance Ltd on Tuesday said it closed the first quarter of the current fiscal with a net profit of Rs 65 crore logging a growth of 44 per cent.
In a statement issued here, the company, a subsidiary of Reliance Capital Ltd, said it had earned a total income of Rs 490 crore and a net profit of Rs 65 crore for the quarter ended June 30.
Reliance Commercial F
Best known for its camera-centric smartphones, Chinese manufacturer nubia, which entered India last year, has earmarked $100 million investment in the country over the next few years, a top executive has said.
Since last October, the company has introduced seven smartphones in India that received rave reviews and a decent response from customers.
"We have established ou
The BSE Sensex fell 1.1 percent, posting its biggest daily percentage drop this year and retreating from a record high in the previous session, as ITC Ltd slumped after the government raised a special duty on cigarettes.
The Sensex fell 1.1 percent to 31,710.99, its biggest daily percentage fall since Dec. 2. Meanwhile, the broader NSE Nifty dropped 0.9 percent to 9,827.15, its bigges
Consumer goods company Hindustan Unilever Ltd reported a 9 percent rise in quarterly profit, helped by higher sales from its personal care segment.
Profit rose to 12.83 billion rupees ($199.45 million) in its first quarter ended June 30, from 11.74 billion rupees a year earlier, the maker of products ranging from the Lakmé cosmetics to Lipton tea said on Tuesday.
By Rupam Jain
NEW DELHI - Air India is drawing up a proposal to offer voluntary buyouts to just over a third of its 40,000 employees, two government officials said, in what would be one of the largest such offers in India's state sector, as the airline slashes costs ahead of a 2018 sale.
The state-owned airline has also put fleet expansion on hold, scra
UltraTech Cement Ltd reported a 15 percent rise in June-quarter consolidated net profit on Tuesday.
Consolidated net profit rose to 8.98 billion rupees ($139.6 million) in the quarter ended June 30, from 7.80 billion rupees a year earlier, India's largest cement maker by market-capitalisation said in a statement. (http://bit.ly/2tl1yMN)
The results include those of cemen
New Delhi: July 17, 2017: After Ahmedabad, Mumbai and Chennai, the “5 City SME Connect” event on optimising IT Infrastructure by Schneider Electric was organised in Delhi. Targeted at SME organisations, the highlight of the event was to interpret the SMEs’ technology challenges and mitigate those challenges with a systematic approach.
MUMBAI - Indian e-commerce player Flipkart has sweetened its buyout offer for smaller rival Snapdeal to between $900 million and $950 million, two people familiar with the negotiations said, adding that the new proposal is being evaluated by the company's board.
Reuters previously reported that Snapdeal had earlier this month rejected Flipkart's initial bid of