Mumbai Benchmark indices ended sharply up on Friday at two-month highs, triggered by corporate earnings and taking cues from global peers. The S&P BSE Sensex hit an intra-day high of 35,065, but pared gains to end at 34,970 levels, up 256 points. The broader Nifty50 index settled at 10,692, up 75 points. In global markets, Asian shares edged higher, after US equities […]
The Nirav Modi saga never ceases to surprise. After numerous reports suggested that the absconding celebrity jeweller may be hiding in Hong Kong, a new twist has emerged on his current whereabouts. The investigative agencies looking for Nirav Modi have found that the fugitive diamantaire traversed across West Asia, East Asia, Europe and America within four months. […]
The road into food retail business in India is no longer smooth for Amazon, as the government has directed the e-commerce giant not to share any equipment, machinery or warehouses from its current marketplace business for the planned venture, reported The Economic Times. In July last year, the US-based company received government approval to invest […]
US retail giant Walmart could reach a deal to buy a majority stake in Indian e-commerce player Flipkart for nothing less than $12 billion and an agreement could be inked within a fortnight, according to media reports. According to Bloomberg, all major stakeholders including Tiger Global Management and Japan’s SoftBank Group are keen on a deal with Walmart. It was earlier reported that […]
The Reserve Bank of India (RBI) has made linking of national biometric ID Aadhaar to bank accounts mandatory as part of its updated ‘Know Your Customer (KYC)’ guidelines. This, however, will be subject to the final decision of the Supreme Court on making of Aadhaar mandatory, RBI said in a circular late last night. Till […]
Fixed deposit (FDs) accounts of banks and post offices are viable investment options for the risk-averse investors since they offer guaranteed returns. At the same time, depositors also have the option of investing in the tax-saving fixed deposits (FDs) wherein income earned is allowed to be exempted under section 80 (C) of the Income Tax […]
New Delhi: State Bank of India (SBI), country’s largest lender, has asked its customers to withdraw cash from PoS machines installed across various merchant locations amid the problem of cash crunch being faced by people in several states. ATMs in cities of Uttar Pradesh, Bihar, Andhra Pradesh, Maharashtra and poll-bound Karnataka were either not operating […]
Amazon Prime membership has exceeded 100 million paid Prime members worldwide, according to company founder and CEO Jeff Bezos. In his annual shareholder letter – published since 1997 and widely considered a must-read among executives and business leaders around the globe – Bezos listed the 100 million-plus figure as one of Amazon’s chief milestones from the past year. In […]
Akshaya Tritiya, is considered an auspicious day for buying gold, silver and other metals. Gold prices are widely tracked in bullion market largely due to token purchases on the auspicious occasion of Akshaya Tritiya. In an exclusive interview with Reema Sharma of Zee Media, Rajeev Kapoor, Vice President, Trustline, shared his views on impact on […]
New Delhi Finance Minister Arun Jaitley on Tuesday said there is “more than adequate” currency in circulation and the temporary shortage in certain states is being “tackled quickly”. The statement comes after reports of currency shortage in at least six states — Gujarat, Eastern Mahashtra, Madhya Pradesh, Bihar, Andhra Pradesh and Telangana. “I have reviewed […]