Flipkart, India’s largest e-commerce marketplace, has raised $700 million in fresh investment from existing as well as new investors Baillie Gifford, Greenoaks Capital, Steadview Capital, T Rowe Price Associates and Qatar Investment Authority.
A ban on fracking by the New York state is a small setback for India’s largest private firm, Reliance Industries, which has invested $7 billion in US shale gas.
In the Mid-Year Economic Analysis for 2014-15, the advisors conceded the Budget for 2014-15 overestimated tax collection by Rs 1.05 lakh crore due to wrong projections of nominal economic growth and tax buoyancy.
Infosys has appointed Ritika Suri as head of mergers & acquisitions (M&As), reflecting the company’s new-found aggression in the M&A landscape.
When billionaire Sajjan Jindal put his plan to build a 10 million tonne (mt) new steel plant at Salboni in West Bengal on hold, he knew he had a back-up to protect his growth ambitions.
Despite the government removing restrictions on gold imports late past month, imports of the precious metal have not picked up because of a supply glut.
The Aamir Khan-Raj Kumar Hirani-Vidhu Vinod Chopra magic seems to be at work again as the trio’s latest film PK opened with a box office collection of Rs 26.63 crore net (after taxes).
Communications and IT Minister Ravi Shankar Prasad, on Saturday, said the Department of Telecommunications (DoT) had resolved a lot of the long pending spectrum issues, including some of the Defence spectrum issues.
Even as Flipkart’s Big Billion Day sale in October clocked a gross merchandise value (GMV) of $100 million, the event was marred by glitches, and promoters Sachin and Binny Bansal had to apologise.
Hotel companies are copying aviation companies. These are announcing massive discounts through flash sales for December.
It has a 5.3 per cent market share globally but less than one per cent of India’s estimated 80 million units a year handset market.
Lack of dispute resolution mechanisms, delayed policy decisions and project price escalation may have undermined investor confidence and resulted in flight of capital, but Union Road Transport, Highways Shipping Minister Nitin Gadkari wants to change all
To increase its solar generation capacity, Maharashtra State Power Generation Company (Mahagenco) has invited tenders to develop a 50-Mw gird-interactive solar project in Kudgaon in Osmanabad district and a 25-Mw project in Sakri, Dhule district.
In amendments cleared by the Lok Sabha on Wednesday to soften the Companies Act, only those officials of a firm who're accused of serious crimes such as duping the public or shareholders will have to undergo the harsh process of seeking bail.
Paresh Sukthankar, deputy managing director of HDFC Bank, the country’s second largest private sector bank, believes lending rates will come down in January-March next year.
The power generation sector would do well to unbundle state utilities and purchase power under the ‘cost-plus’ route, EY has said in a report on the power sector.
Tech Mahindra, India’s fifth-largest information technology services company, is learnt to have entered into a strategic alliance with a German start-up, Enquiss GmbH & Co KG, to expand in the connected devices segment.
News Corp announced on Saturday it had acquired BigDecisions.com in India. The latter helps Indian consumers make financial decisions.