Its entry will increase competition especially when WhatsApp too has received approvals to launch payment service.
Total committed investment in India now is over $5.
Experts explain the various nuances of data interpretation and how to crack the section with ease.
BSP supremo Mayawati, AIADMK chief Jayalalithaa and Trinamool Congress leader Mamata Banerjee have been at the centre of intense debate in political circles on which way they will go after May 16, the day of election results.
Pending final approvals, Huawei would become the first big-name Chinese phone maker to manufacture hardware in India's growing market.
Microblogging site Twitter's explanations to a parliamentary panel on showing Ladakh as part of China are inadequate and the act amounts to criminal offence attracting imprisonment of seven years, committee chairman Meenakshi Lekhi said on Wednesday.
India could allow global online retailers such as Amazon.com Inc to sell their own products as early as next month, removing restrictions that could boost competition in one of the world's biggest, and most price-sensitive, retail markets.
'Modi looks to be an effective, result-oriented, purposeful leader, focused on bringing greatness and glory to the nation.'
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So it is best for his critics to give up their sniping and supplement his efforts,' asserts B S Raghavan, the distinguished civil servant who served three prime ministers.
Enforcement Directorate is looking into whether Amazon India may have sold directly to customers
Congress leaders have supported the Union government's stand of abstaining from voting in the anti-Russia resolution in the United Nations General Assembly, informed sources on Thursday.
Walmart-owned Flipkart on Thursday said the company is in compliance with Indian laws, including FDI regulations, and will cooperate with the Enforcement Directorate on the notice sent to the e-commerce major. The Enforcement Directorate (ED) has issued a show cause notice of Rs 10,600 crore to Flipkart and its promoters for alleged violation of the foreign exchange law, official sources said on Thursday. When contacted, Flipkart said it is in compliance with Indian laws and regulations, including FDI regulations.
Investment firm Invesco Developing Markets Fund, the largest shareholder in Zee Entertainment Enterprises, on Thursday said it will support the Zee-Sony merger deal and has decided not to pursue the call for ZEEL EGM to remove managing director and CEO Punit Goenka and two independent directors. The company said it will support the merger of Zee and Sony, contending the "deal in its current form has great potential for Zee shareholders" but added if it is not completed as currently proposed, Invesco retains the right to requisition a fresh EGM. Two days after the Bombay high court ruled that Invesco's call for EGM was legally valid, the investment firm in a statement said, "Since we announced our intention to requisition an EGM and add six independent directors to Zee's Board of Directors, Zee has entered into a merger agreement with Sony.
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The network also unveiled a new brand identity for Star Sports across six channels and has renamed all the ESPN channels, subsequent to the buyout of ESPN Inc's stake in their 16 year old joint venture ESPN STAR Sports.
US SEC order says that Cadbury India paid an agent a total of USD 90,666 (Rs 61.70 lakh) for "providing consultation, arrange statutory/government prescribed formats of applications to be filed for various statutory clearances, documentation, preparation of files and the submission of the same with government authorities," for specific licences.
In power, Mamata Banerjee has tried to bury the ghost of the past, but it might still be work-in-progress. Big-ticket and eye-grabbing (in terms of investment size) projects are still few and far between, reports Ishita Ayan Dutt.
GVK Biosciences is the latest Indian firm to come under international scrutiny over quality issues.
iPhone SE 2020 is one of the popular phones like Apple 11, which is the biggest seller in the domestic market.
The carrier planned to bring in a plane a month from March to build a fleet of at least 10 jets by the end of the year.
India can attract significant FDI, says experts.
Short-term gains are always unpredictable.
he hike in service tax rate from 12.5 per cent to 14 per cent will increase the costs of buying
Yum reduced the number of restaurants in India by 14 in the September quarter from the preceding quarter to 811.
Global beverages and snacks major PepsiCo on Monday roped in former Nokia head for emerging markets, including India, D Shivakumar as its Chairman and CEO, India Region.
Prime Minister Narendra Modi's real test will be whether he can bring a longer-term vision to India's foreign policy planning, says Ravi Agrawal.
The industrial output for the third month in a row remained in the negative territory, contracting 1.5% in January
Indian online retailers have been raising funds to expand and compete with bigger rival Amazon.com Inc as more Indians shop on the Internet.
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India plans IPO rule changes to lure homegrown start-ups.
Nita Ambani's appointment on the board of directors of RIL was met with thunderous applause.
Of the 40 CEOs polled from across the country, 60 per cent identified a fractured electoral mandate as a bigger risk than trade wars, volatile oil prices, and inflation.
Dear readers, do you agree with Meghna Pant that ovaries don't have an expiration date?
US private equity firm Silver Lake Partners will invest an additional Rs 1,875 crore in the retail arm of Reliance Industries, the Indian firm said in a statement on Wednesday.
Foxconn has said it is aiming to develop 10-12 facilities in India, including factories and data centres, by 2020
Apple Inc CEO Tim Cook got a taste of the IPL cricket tournament during the match between Gujarat Lions and Kolkata Knight Riders in Kanpur on Thursday. Cook, who is touring India, visited the match venue on the invitation from IPL chairman Rajeev Shukla. "I had personally invited Cook to watch an IPL match and I am glad that he has accepted my invitation," Shukla told PTI. Cook was seen enjoying the game while sitting alongside Shukla and Sanjay Dutt, who was recently released from prison.
His compensation in FY17 was more than the combined salaries of the entire boards of TCS, Wipro and Infosys. 'I am a self-made man from a very modest background,' Tech Mahindra's CEO C P Gurnani tells Shyamal Majumdar.
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's Softbank Corp to Singapore's Temasek Holdings.
With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic.
While accounts/pages linked to the Congress party appeared to be large in number, the following or reach of pro-BJP accounts was several times more.
IT minister Ravi Shankar Prasad on Wednesday slammed Twitter for deliberate defiance and failure to comply with the country's new IT rules, which has led to the United States giant losing its intermediary status in India and becoming liable for users posting any unlawful content.
Now mergers, acquisitions, sale of assets, fundraising, strategic intent and competitive position in the market are part of business life everywhere.
