New Delhi: Alibaba Group’s wholesale trading platform Alibaba.com said on Monday, December 7, that India is one of its fastest-growing markets with about 4.5 million registered users. The Chinese e-commerce giant is taking the Indian market […]
MUMBAI: Flipkart posted a loss of about Rs 2,000 crore in the year ended March 2015, amounting to a fifth of its rapidly rising sales, as the country’s largest online retailer spent heavily to fund […]
MALANG (INDONESIA) (TIP): Top seeds P V Sindhu and K Srikanth notched up contrasting victories to advance to the third round of the $120,000 Indonesia Masters Grand Prix Gold tournament on December 4. Sindhu, who […]
The Govt. of India, Ministry of Housing and Poverty alleviation with the aim to create affordable housing stock encouraged private players to enter this segment as PPP Model (Public Private Partnership) recognizing that mere efforts […]
MUMBAI (TIP): Emerging markets guru Mark Mobius said India could overtake China in the Templeton Emerging Markets group’s equity investments over the next five years, given the strong growth prospects of Asia’s third-largest economy and […]
LONDON (TIP): Weak inflation data spurred hopes the European Central Bank could deliver more stimulus this week, though European bourses traded in a tight range on December 2, Frankfurt and Paris ceding spartan ground while […]
MUMBAI (TIP): The Reserve Bank of India (RBI) left policy rates unchanged at its final monetary policy review for 2015, even as it confirmed that an economic recovery was on, and appears “sustainable”. The central […]
BERLIN (TIP): Volkswagen says it will take less than an hour to bring 1.6 and 2.0 liter turbodiesel engines in Europe into line with emissions rules. The German automaker has pledged to fix 11 million […]
BENGALURU (TIP): In a major boost to the Indian SMEs that are a part of the Amazon Global Selling programme, 1,00,000 goods from India have been shipped to the US in preparation of the forthcoming […]
LONDON (TIP): Britain announced a fresh round of deep cuts to public spending Wednesday, but dropped a plan to reduce welfare payments for the poorest and spared the police from savings after the Paris attacks. […]
BENGALURU (TIP): Tata Motors showcased four new construction and mining commercial vehicles, from its Construck range at construction equipment exhibition EXCON 2015. The new vehicles showcased are the Tata Prima 3138.K 32 CuM Coal Tipper, […]
CAMBRIDGE, MA (Oct. 28, 2015) – Oxigen USA, Inc. is happy to announce the launch of Money Transfer to India with the best exchange rate guaranteed. Indian-Americans can now send money from New Jersey and […]
Ola raised a $500 million Series F round from new investors Baillie Gifford and Didi Kuaidi and existing investors DST Global, Falcon Edge Capital, SoftBank Telecom Corp and Tiger Global Management bringing the Bangalore, India-based startup’s total funding to more […]
Two Indian-origin businessmen have been ranked by Forbes magazine among the richest entrepreneurs in America under the age of 40, a list that has been topped by Facebook CEO Mark Zuckerberg. Vivek Ramaswamy, 30, a […]
Activision Blizzard accquiers Candy Crush maker King Digital Entertainment by paying $5.9 billion, combining a console gaming power with an established player in the fast-growing mobile gaming field. Activision, which owns the extraordinarily successful “Call […]
Private equity funds committed $2.8 billion to Indian real estate projects in the first nine months of 2015, global real estate consultancy firm Cushman & Wakefield and Global Real Estate Institute said in a report. […]
NEW DELHI (TIP): In its report submitted to the Union Finance Minister Arun Jaitley on November 19, the Seventh Central Pay Commission has recommended an overall increase of 23.55 per cent in pay, allowances, and […]
MUMBAI (TIP): The Reserve Bank on Thursday said its prior approval will be required for acquisition of shares or voting rights in a private bank for increasing the aggregate holding to 5% or more, as […]
LOS ANGELES (TIP): German automaker Volkswagen, tainted by an emissions scandal, said it will present US authorities tomorrow with plans for bringing its vehicles outfitted with pollution-cheating software into compliance with regulations. “We’re hopeful we’ll […]
NEW DELHI (TIP): Exporters from labour-intensive, small and medium sectors can now avail bank loans at three per cent lower rates with the government on Wednesday approving the long-awaited interest subsidy scheme to boost exports. […]
NEW DELHI (TIP): The government on Nov 18 approved 10 per cent stake sale in the state-owned Coal India. This is expected to garner Rs 20,000 crore as part of government’s aim to raise Rs […]
BENGALURU (TIP): Axis Mutual Fund, an asset management subsidiary of Axis Bank with assets under management worth Rs 31,789 crore as of September 2015, has launched the Axis Children’s Gift Fund Scheme. The scheme, a […]
MUMBAI (TIP): Fair trade regulator Competition Commission of India (CCI) has imposed a penalty of Rs 258 crore on Jet Airways, IndiGo and SpiceJet for indulging in anti-competitive practices while fixing fuel surcharge (FSC). Of […]
MUMBAI (TIP): In spite of a lacklustre year for emerging markets so far in 2015, India continues to be a preferred investment destination for foreign investors, buoyed by its growth prospects. The MSCI emerging markets […]
WASHINGTON (TIP): President Barack Obama has nominated India-born Swati A. Dandekar, a Nagpur and Bombay University alum, to be United States director of the Asian Development Bank, with the rank of ambassador. The nomination of Dandekar […]
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