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19 September, 2018 1:31 PM Amazon, Samara Capital Buy 'More' Retail Chain For 4,200 Crore Rupees

Amazon's latest acquisition adds more heat to its battle with Walmart in the domestic market, after Walmart acquired Flipkart earlier this year. Amazon.com Inc and domestic private equity firm Samara Capital have bought Aditya Birla Group-owned 'More' retail chain for an enterprise value of Rs 4,200 crore ($580.35 million). Amazon's latest acquisition 41

19 September, 2018 11:12 AM Government starts selection process for BSNL CMD post

The government has started selection process for the post of Chairman and Managing Director of state-owned telecom firm BSNL, as present CMD Anupam Shrivastava will superannuate in June next year. "PESB has invited names of qualified candidates for the post of CMD, BSNL by 15 hours on October 22, 2018," the Department of Telecom said in a note to heads 41

2 September, 2018 4:58 AM For Asian games bronze, sailor Harshita Tomar gets Rs 50 lakh reward from Madhya Pradesh CM Shivraj Singh Chouhan

Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Saturday announced a cash award of Rs 50 lakh for Asian Games medallist Harshita Tomar.  Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Saturday announced a cash award of Rs 50 lakh for Asian Games medallist Harshita Tomar. Harshita Tomar had bagged a bronze medal in the Sailing at the 2018 Asian 67

1 September, 2018 8:34 AM PM Narendra Modi To Launch India Post Payments Bank Today: 5 Things To Know

Prime Minister Narendra Modi will launch the India Post Payments Bank (IPPB) on Saturday. The event is scheduled to be held at Talkatora Stadium in New Delhi, along with simultaneous launch events at 650 branches and 3,250 access points that will go live today, according an official statement said. Payments banks aim to further financial inclusion by providing 56

31 August, 2018 1:03 PM With aim of taking banking to masses, PM Modi to launch India Post Payments Bank

IPPB will leverage the vast network of the Department of Posts to help augment the reach of banking sector in the country.  New Delhi: Prime Minister Narendra Modi has repeatedly called for financial inclusion of various sectors and has said his government is committed to taking banking to the masses. With this in view, PM Modi will launch the India 54

31 August, 2018 7:02 AM Vodafone completes merger with Idea, creates India's largest mobile operator

The merger of Idea Cellular and Vodafone India has been completed, creating India's biggest telecom service provider with over 408 million subscribers, the two companies said today. A new board has been constituted for the merged entity "Vodafone Idea Ltd' with 12 directors (including six independent directors) and Kumar Mangalam Birla as its Chairman 82

28 August, 2018 8:02 AM Ramco System gains 4% on launch of Ramco global payroll on Microsoft Dynamics 365

Shares of Ramco System gained more than 4 percent intraday Tuesday as company launched Ramco global payroll software on Microsoft Dynamics 365. Microsoft and Ramco Systems strengthened their partnership with the launch of Ramco Global Payroll on Microsoft Dynamics 365 thus bringing a powerful combination of talent and payroll on a unified platform infused 59

22 August, 2018 11:50 AM Ericsson Unveils Its First India Experience Centre in Gurugram

Swedish telecommunications company Ericsson on Wednesday launched its first experience centre in India that allows visitors to interact with subject experts and see how evolving technology ecosystems will drive the transformation of businesses and societies. Located in Gurugram, key technology showcase at the centre, called Ericsson Experience Studio 55

22 August, 2018 10:27 AM Govt imposes restrictions on import of bio-fuels

New Delhi: The government has imposed restriction on import of bio-fuels including ethyl alcohol and other denatured spirits, bio-diesel, petroleum oils and oils obtained from bituminous minerals other than crude, through an amendment in import policy. The import of these items, which was free earlier, will now only be allowed for non-fuel purpose on actual 51

20 August, 2018 3:22 PM US remains top auto component importer from India

The US imported USD 290 million worth of auto components from India in April-June, a growth of 23.8 per cent on yearly basis, to retain its position as the top buyer of Indian auto parts, according to an analysis by EEPC. Turkey was the second largest auto component importer from India with shipments of about USD 100 million in the first quarter of 2018-19, a year-on-year 54