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16 January, 2019 9:23 AM What Interim Budget Is, How It Differs From Full-Year Budget

Finance Minister Arun Jaitley will present Budget 2019 on February 1. That would be an interim budget. An interim budget, just like a full-year budget, is an annual financial statement of a government's finances. It contains key details such as where money comes from (revenue) and where it is spent (expenditure), as well as projections of growth and fiscal 528

16 January, 2019 8:00 AM Flipkart India gets Rs 1,431 crore infusion from Singapore entity

Flipkart Singapore had earlier pumped Rs 2,190 crore into Flipkart India in December. Flipkart Singapore has infused Rs 1,431 crore into its Indian entity Flipkart India Pvt Ltd, according to documents of Registrar of Companies, sourced from data intelligence firm PaperVC. A total of 4,86,861 lakh equity shares were allowed at a premium of Rs 29,399 per share 445

14 January, 2019 12:33 PM Sachin Bansal invests Rs 150-cr in Ola

New Delhi: Flipkart co-founder Sachin Bansal has pumped in about Rs 150 crore in ride-hailing platform Ola, according to documents filed with the Corporate Affairs Ministry. "... 70,588 fully and compulsorily convertible, cumulative 'Series J' Preference Shares' having face value of Rs 10 having the rights, privileges and preferences... Is hereby allotted 408

14 January, 2019 8:23 AM Flipkart founder Sachin Bansal takes a $21 million ride in Ola

Sachin Bansal has invested Rs 150 crore in ride hailing firm Ola, a week after it raised $74 million from existing investor Steadview Capital, according to documents filed with the Registrar of Companies (ROC) sourced from data intelligence firm PaperVC. Bansal, who is also setting up a $1 billion fund, has invested here in his individual capacity 118

12 January, 2019 4:19 PM Anonymous email threatens to kidnap Delhi CM Arvind Kejriwal's daughter, cops on toes

An email from an anonymous account threatened to kidnap Delhi Chief Minister Arvind Kejriwal's daughter, reported the CM's office in Delhi on Saturday. NEW DELHI: An email from an anonymous account threatened to kidnap Delhi Chief Minister Arvind Kerjiwal's daughter, reported the CM's office in Delhi on Saturday. The mail was sent to Delhi Chief Minister's 128

10 January, 2019 2:38 AM Man Charged With Sending Dangerous Parcels To Embassies In Australia

Savas Avan appeared in a Melbourne court after being arrested at his home in rural Victoria state on Wednesday. An Australian man was charged Thursday with sending dozens of packages believed to contain asbestos to embassies and consulates around the country. Savas Avan appeared in a Melbourne court after being arrested at his home in rural Victoria 125

8 January, 2019 5:18 PM Myntra narrows consolidated losses to Rs 178.7 cr for 2017-18

Online fashion retailer Myntra has narrowed its consolidated losses to Rs 178.7 crore for 2017-18, compared with a loss of Rs 655.8 crore in the previous fiscal, according to documents filed with the corporate affairs ministry. The Flipkart-owned company saw its total income growing nearly threefold to Rs 427.4 crore in 2017-18 as against Rs 155.6 crore 82

8 January, 2019 12:31 PM Gold Worth Rs 2.5 Crore Allegedly Stolen From Train In Rajasthan

Two passengers, travelling with eight kg gold in a sleeper coach, alleged that the gold was stolen near Chittorgarh district on Monday, the police said. Gold worth Rs 2.5 crore was allegedly stolen from a Bandra-Udaipur train, the police said on today. Two passengers, travelling with eight kg gold in a sleeper coach, alleged that the gold was stolen 82

8 January, 2019 11:16 AM Indian Man Crosses UAE-Saudi Border Without Documents, Jailed: Report

A UAE-based Indian man has been jailed in Saudi Arabia for entering the kingdom without proper documents, a media report said today. Haris Poomadath, 28, a native of Kerala, went missing on December 8 from Abu Dhabi, Gulf News reported. He was found at a hospital in Al Ahsa in Saudi Arabia on Sunday, according to his family members. According to the report 133

7 January, 2019 6:26 PM Jewels Worth Rs 1 Crore Looted On Tamil Nadu Highway

Gold and silver jewels, valued at Rs 98.05 lakh, belonging to Kalyan Jewellers, were being transported from Kerala by two employees of the firm when robbery took place In a daring daylight highway heist, a 10-member gang drove away a car with nearly Rs one crore worth ornaments of a Kerala-based jewellery after waylaying the vehicle, the police said. The gold and silver 96