Flipkart has promoted several of its leaders into newer roles at a time when the Walmart-owned e-commerce giant has internally raised its IPO (initial public offering) valuation target to about $60 billion and aims for a US listing in 2023, according to the sources. "I am delighted to announce the promotion of some of our exemplary leaders," said Kalyan Krishnamurthy, chief executive officer, Flipkart Group, in an internal note, and which has been reviewed by Business Standard. "Each of them has been instrumental in delivering impact and creating long-term value for Flipkart.
Agni-IV missile is equipped with 5th generation onboard computer and distributed architecture. It has the latest features to correct and guide itself for in-flight disturbance.
Prime Minister Narendra Modi will on Friday launch two schemes of the Reserve Bank of India (RBI) that may go a long way in changing how the household sector invests, and complains if anything goes wrong with their savings. These schemes - retail direct and an integrated ombudsman - will be launched by the Prime Minister virtually, in the presence of Finance Minister Nirmala Sitharaman. With the introduction of retail direct, a common man can directly take a position in government securities (G-Sec), considered to be the safest asset class a sovereign can offer.
Without naming China or any other country, Singh said the "top-down approach" towards solving problems has never been sustainable, adding often it leads to "debt trap, reaction from the local population and conflict."
In a projection of India's growing maritime prowess, Defence Minister Rajnath Singh on Monday addressed the top naval commanders onboard the country's first indigenous aircraft carrier INS Vikrant in the Arabian Sea and witnessed a mega wargame, amid China's increasing military posturing in the Indian Ocean region.
Singh made the remarks while addressing a "CEOs' Roundtable" at the 14th edition of Aero India at the Yelahanka Air Force station complex on the outskirts of Bengaluru.
'The pandemic helped me to shift my focus to the medicinal qualities of food.'
Pakistan still has to acquire the patience you need in a democracy. The patience to accept that even if I do not like the government I have, I must wait till the next election to change it, explains Shekhar Gupta.
Political power has now been outsourced fully to the Modi government. Even if the RSS is still, in principle, his guru, nobody would dare to whisper a word of advice to Modi, forget some whiff of criticism. When the shishya grows into such a popular and domineering leader, the guru has to applaud from the sidelines, points out Shekhar Gupta.
The construction of the Ram Temple complex in Ayodhya, including the main structure, is estimated to cost around Rs 1,100 crore and is expected to be completed in three-and-a-half years, said the treasurer of the trust overseeing the project on Monday.
Jubilee's irresistible celebration of cinema and all its good, bad, ugly ways lives up to its title, applauds Sukanya Verma.
How Shibani Bhagat plans to rewrite the rules of the Indian sneaker business.
The Aam Aadmi Party on Tuesday alleged that the Indian Army was using caste as a factor for recruitment under the Agnipath scheme, drawing a swift rebuttal from Defence Minister Rajnath Singh who rejected the charge as a "rumour".
Industry body CII has pitched for a reduction in personal income tax rates, decriminalisation of the goods and services tax and a relook at the capital gains tax rates as part of its agenda presented to the government for the forthcoming Budget. Arguing that the GST law already contains adequate penal provisions for deterrence against evasion of taxes, CII has suggested decriminalisation of GST law. Also, the applicability of prosecution provisions should not be based on the absolute amount of tax evasion but should be based on real intent to evade the taxes and a certain percentage of the tax payable, it stated.
The Enforcement Directorate (ED) on Wednesday temporarily sealed the premises of Young Indian (YI) in the Congress-owned National Herald office in Delhi as part of an ongoing money laundering investigation, official sources said.
Russia and the US are the major partners in the ISS programme, which also includes Canada, Japan and several European nations like France, Italy and Spain.
'The day when Ajnala incident took place, Bhagwant Mann was sitting in Mumbai with Arvind Kejriwal'
Hemant Shivsaran lists the number of projects the Modi government has announced since August to woo Gujarat voters.
Samsung Z1 is power-packed with amazing features.
The merits and demerits of the telcos' 5G strategy however is clearly dependent on the financial muscle of players, reports Surajeet Das Gupta.
A lot of new technologies developed indigenously were successfully tested in the trial.
The status of the current submarine force level is alarming and we need to address the threat perceptions expeditiously. Critical decisions pertaining to national security cannot be delayed any further due to the rapidly changing maritime threat perceptions and growing strategic importance of the Indian Ocean region, asserts Commodore Venugopal Menon (retd).
If the initial analysis of this YJ-21 is correct, then China becomes the first country in the world to operationally field such a missile from a naval vessel.
The ISRO spy case is dead. And yet, not dead.
The hoax call has been traced to Firozabad in Uttar Pradesh, another officer said.
ITC's first foreign venture in the hotel space - a premium and luxury mixed-use development - has been "adversely impacted" by Sri Lanka's economic crisis, the firm said. The $300-million project under WelcomHotels Lanka (Private) Limited (WLPL), a wholly-owned subsidiary of ITC, comprises a luxury hotel and a super-premium residential apartment complex on 5.86 acres of prime sea-facing land in Colombo. In its latest annual report for financial year 2021-22 (FY22), ITC mentioned that the project's construction was running on schedule till the third quarter (Q3) of FY19, but was adversely impacted due to disruptions in the aftermath of the terror incidents in 2019 and thereafter by recurrent waves of the Covid-19 pandemic.
The supplementary nutrition programme and the Poshan Abhiyaan under the Women and Child Development Ministry has been merged to launch Mission Poshan 2.0 to strengthen nutritional content, delivery, outreach, and outcome, according to the Union Budget announced on Monday.
Move over Sydney Opera House, Theatre Royal Drury Lane, Mumbai has a new entertainment venue that will rival many a global address.
Government think-tank body Niti Ayog CEO Amitabh Kant supported the industry demand and called for setting up of a single window clearance system for expeditious approval of projects. Start-ups and small medium enterprises requested the prime minister to provide support in low-cost capital at the virtual launch of space and satellite industry body Indian Space Association (ISpA).
IndiGo has about 400 planes on order.
Thackeray made the statement at the inauguration of two wings of the annexe building at the Aurangabad bench of the Bombay high court.
'It seems unlikely that a recruit will make a useful contribution as member of a combat unit.'
Mukesh Ambani, who took over the reins of Reliance Industries Ltd (RIL) after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate.
The prime minister had called ferry service his 'dream project' while addressing a gathering at Gandhinagar on Monday.
The tax portal problem is a goof-up by both sides, and making Infosys the only villain in the story is quite unfair, argues Shyamal Majumdar.
'This cannot be credibly explained away by referring to a "technical glitch".'
Should we not be creating roles in India for the talented, asks Ajit Balakrishnan.
Prime Minister Narendra Modi on Monday voiced hope that the monsoon session of Parliament will be fruitful and that promises made by "some political parties" during the last session to allow work on priority will be kept.
What you need to know about Mukarram Jah Bahadur, the 8th Nizam, who will be laid to rest in Hyderabad today.
'If he were to drop even one nuclear weapon on Europe, it would start a nuclear war that would destroy everybody.'
