Indian online shoppers spent an average of $224 in 2017, which was less than a tenth of what the average user spent online in the US at $2,237 in the same year
To attract bidders, the government had decided to hive of around Rs 35,000 crore of the company's debt into a separate subsidiary, leaving around Rs 23,286 crore to be absorbed by the new bidder.
Quinton de Kock continued his preparation for the upcoming 72-day tour of India in brilliant fashion, smashing a hundred that put South Africa 'A' in control against India 'A' on the second day of the first unofficial Test in Wayanad, Kerala, on Wednesday.
Close on the heels of Parveez Rasool's selection in the Indian team for the Zimbabwe tour, another Jammu and Kashmir cricketer Shubham Khajuria was on Wednesday selected in the India Under-19 squad for the tour of Sri Lanka.
At a Madhya Pradesh cabinet meeting held in the temple town of Ujjain, Chief Minister Shivraj Singh Chouhan ceded his seat to Lord Mahakal's portrait, an act some former bureaucrats said was "unprecedented" in the history of the state and could have been avoided.
Over the past decade, a change in consumer choice swept through the battery industry - the walkman lost its mojo, smartphones took over cameras and batteries were tucked away in remotes and wall clocks that hardly needed frequent call-ups. The result: Brand Eveready lost mind space. And the company's attempt to stick to the on-ground marketing activities didn't quite help. But Eveready, now at the cusp of change, is putting things right - a new Give Me Red television commercial has been launched after a gap of 7 years featuring an empowered bride ski-diving to her wedding venue. The creative, according to Eveready sources, is in sync with the brand doctrine.
Indian colts recorded their first victory in the tour of Sri Lanka as they beat the hosts by 22 runs in the second 'Youth ODI', in Kurunegala on Tuesday.
Defending champions India got a wake-up call as they lost to their Sri Lankan counterparts by five wickets in a warm-up game ahead of their ICC U-19 World Cup scheduled to begin on Friday.
Vijay Zol will lead a 15-member Indian under-19 cricket team in a quadrangular one-day series against Australia, South Africa and Zimbabwe starting September 23 in Visakhapatnam.
'Yesterday, I was at a seed meeting where we gave outright grants up to Rs 20 lakhs or loans up to Rs 50 lakhs for new start-ups under 2 years.'
Aishwarya and her adorable daughter Aaradhya make a cute picture.
India will defend its Under-19 World Cup title in the captainship of Vijay Zol, who recently led India to junior Asia Cup victory, as the talented batsman has been named skipper of the 15-man squad.
While the first wave of moving work to India was driven by cost considerations, increasingly companies are banking on local talent to add value to their business by jointly developing products and solutions.
US firms are seeking Indian engineers to work on technologies similar to their global counterparts
Once stability returns to the secondary market, companies that have obtained approval from Sebi will start tapping the market.
Private equity investments in Indian companies grew 38 per cent to $62.2 billion last year, with inflows into Reliance Industries' telecom and retail ventures contributing nearly 40 per cent of the total value of the deals, a report said on Wednesday. Barring investments into Jio Platforms and Reliance Retail, the total deal value was down by 20 per cent over 2019 as the volume of large deals of more than $100 million dipped by a fourth, as per the report by Bain & Company and India Venture Capital Association. Overall investment activity remained muted from March to May last year due to COVID-led uncertainties and investor confidence recovered strongly in the second half to pre-COVID levels with late-stage and buyout deals witnessing increased traction, it said.
Wealthy Indians shelled out 3.1 per cent of their total income on charitable donations in 2011 and more than half pledged to give even more this year, says a study by global business consultancy Bain & Company.
Shreyas Iyer smashed a hurricane hundred as the Indian colts beat Australia by 18 runs in a rain-curtailed match and enterd the final of the Under-19 Quadrangular tournament in Visakhapatnam on Friday. The victory enabled the India Under-19 team finish their league engagements unbeaten. They had earlier beaten South Africa and Zimbabwe.
Punjab government on Wednesday night denied the charge by Lt Gen (Retd) K S Brar that the state government had downgraded his security from Z to Y category.
For India startups, pulling in the reins now may enable them to live longer - even if it means shedding their unicorn status, says Una Galani.
In a clear sign of how global recession has affected placements, Day 2 of the Slot Zero at the Indian Institute of Management-Ahmedabad saw consulting firms emerge as the clear favourite over the traditionally-preferred investment banks.
In what is amongst the first focused fund in the space, India Media Entertainment Fund (IMEF) is raising Rs 500 crore, which will provide both equity as well as instruments like non-convertible debentures (NCD) to companies in the content, distribution platform and services areas. The private equity fund has appointed a high-profile advisory body which includes ad guru Prahlad Kakkar, managing director of Red Chillies Entertainment and cricket team KKR Sports, actress and entrepreneur Raadhika Sarathkumar, who has starred in Malayalam, Hindi and Kannada films and runs Radaan Mediaworks. It also includes Ramnath Pradeep, former chairman and managing director of Corporation Bank, and Rajesh Gupta, senior partner of law firm SNG Partners.
Instead of the minority stake they held earlier, now they have controlling stake in many firms
Though fundraisings for startups still rank amongst the biggest deals struck this year, the average ticket size has fallen sharply, says Una Galani.
India skipper Vijay Zol (100) and Sanju Samson (100) scored contrasting centuries as India colts posted a comprehensive 40-run win over arch-rivals Pakistan to clinch the Under-19 Asia Cup title in Sharjah.
A clinical all-round display earned India a comfortable seven-wicket victory over their counterparts from Australia and a berth in the final of the Under-19 Tri-nation series in Darwin on Monday. Opting to bowl, India restricted Australia to 191 for six in the allotted 50 overs, before chasing down the target in 45.4 overs.
India conceded a surprise early goal but made a fine comeback by pumping in four quick goals to beat minnows Scotland 4-1 in their opening match of Hockey World League semi-finals in London.
Lawyer Utsav Singh Bains claimed that he was offered Rs 1.5 crore to represent a former apex court woman employee and arrange a presser against the CJI at the Press Club of India in New Delhi.
A committee suggested that CSR expenditure be made tax deductible, in order to incentivise spending by companies. It also said that CSR should not be used as a means of resource-gap funding for government schemes.
The change in ownership is expected to give a fresh lease of life to the company that has often been dragged by financial stress in its close to three-decade journey under the Khaitans, reports Ishita Ayan Dutt.
Ambani's holding group launched the Indian Super League, an elite competition of newly created teams, in 2014 with the aim of attracting investment and big global names, much like the Indian Premier League has in cricket. 'It was 100% a wasted opportunity'.
Close on the heels the Tatas and Infosys announcing plans of leadership change, L&T chief A M Naik has said his successor will be named by March 2012, a full six months before he hangs up his boots.
E-commerce firms Amazon, Flipkart, and others are expected to witness blockbuster festival season sales of around $9 billion this year, surpassing pre-pandemic sales of $5 billion in 2019. The pandemic has accelerated the shift to e-commerce, with more consumers shopping online at a higher frequency than last year, observed analysts. This year's festival sales (gross merchandise value or GMV) are expected to grow 30 per cent year-on-year (YoY) to $4.8 billion during the first week of the season and potentially clock over $9-billion GMV during the whole festival month, revealed consulting firm RedSeer's e-commerce festival season report.
Bangladesh defeated New Zealand by 77 runs to win its fourth Plate Championship title at the ICC Under-19 World Cup at the Zayed Cricket Stadium in Abu Dhabi on Thursday. India overcame Tagenarine Chanderpaul's century to beat the West Indies by 46 runs and take fifth place at the Sharjah Cricket Stadium.
More and more PE players are willing to test the waters now, just in case they become early entrants in a future booming business.
As per a white paper, 'Aarogya Bharat 2025', India Healthcare Roadmap for next 10 years launched at NATHEALTH event on Tuesday said the country is healthier now than ever before, but its 'continued economic progress is threatened by the country's under-served and under-consumed healthcare system'.
It is one of 42 drug-making factories in India that the FDA has banned in recent years
Of the 1,145 offers made this year, consulting firms made up 34 per cent, followed by banking, financial services and insurance, pharma/healthcare, IT/ITeS and FMCG/retail.
Following the senior cricket team's inspirational tri-series win in the West Indies, India's U-19 team added to that cheer for cricket fans. Indian bowlers ripped through the Australian line-up as the team thrashed the hosts by eight wickets to be crowned champions in the Under-19 International Series after a lop-sided final clash in Darwin on Friday.
