The Tata group on Thursday launched its super app, Tata Neu, bringing all its brands in one platform as it seeks to play a major role in the Indian ecommerce space currently dominated by the likes of Amazon and Flipkart.
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.
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.
Nikunj Saraf, Vice President Choice Wealth, will answers your queries.
The current geopolitical situation necessitates the Indian Air Force to prepare for intense and small duration operations at a short notice, Chief of Air Staff Air Chief Marshal VR Chaudhari said on Thursday.
Richest Indian Gautam Adani's ports-to-power-to-cement conglomerate is "deeply overleveraged" with the group predominantly using debt to invest aggressively across existing as well as new businesses, CreditSights, a Fitch Group unit, said on Tuesday. In a report titled 'Adani Group: Deeply Overleveraged', CreditSights said, "In the worst-case scenario, overly ambitious debt-funded growth plans could eventually spiral into a massive debt trap, and possibly culminate into a distressed situation or default of one or more group companies." Starting out as a commodities trader in the late 1980s, the Adani group has diversified from mines, ports and power plants into airports, data centers and defence.
Citing India's commitment to deep economic reforms and ease of doing business, Prime Minister Narendra Modi asserted on Monday that this is the best time to invest in the country as policy-making is focussed on the needs for the next 25 years for a 'clean and green' as well as 'sustainable and reliable' growth period. In his special address to the World Economic Forum's online Davos Agenda 2022 summit, Modi underlined a host of reform measures undertaken by his government to stress that it has worked to reduce the administration's interference in business by deregulating many sectors and to clear the way for free trade agreements with different countries. India was once associated with "license raaj", he noted and highlighted the measures, including reduction of corporate tax to boost business and doing away with over 25,000 compliance requirements.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
'For all of us at Amazon, it is 'Bharat first'.' 'We are keeping the Indian customer at the centre of what we are doing.'
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
To mark the day, the BJP has asked its workers to facilitate the COVID-19 vaccination drive as it eyes record-breaking numbers on Friday.
Nikunj Saraf, Vice President Choice Wealth, answers your mutual fund queries.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Modi first mentioned about his vision for an 'Atmanirbhar Bharat' (self-reliant India) in his address to the nation on May 12 while announcing a Rs 20 lakh-crore stimulus package to boost the economy hit by the coronavirus pandemic. Since then, various ministries and departments have announced a series of measures.
'Tehran,' Foreign Minister Zarif said, 'had expected the Modi government to be "more resilient" in the face of Washington's bullying,' notes Ambassador M K Bhadrakumar.
Mukesh Ambani, chairman of Reliance Industries Ltd, on Tuesday said that India has traversed a long path from being a Third World County in the 1980s to becoming the world's third most important economy today.
The alliance combines capabilities of both the companies to offer a set of solutions comprising connectivity, computing, storage solutions, and other technology services and applications required by Indian businesses, and will span the broad Reliance Industries ecosystem, including its existing and new businesses.
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'.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
As India gets ready to roll out one of the largest vaccine programmes, billionaire Mukesh Ambani on Tuesday said his group is working with authorities to provide technology tools and backbone for mass inoculation against COVID-19. Ambani's telecom venture Jio was rolled out four years back, offering free voice calling and dirt-cheap data. Today, Jio is India's largest telecom operator with over 400 million users, each connected to the internet. At a Facebook event, Ambani said the government's digital push kept the country running even during the pandemic and is now helping in the rollout of one of the largest vaccination programmes.
Reliance has around 100 Delight stores in the country.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
World leaders, including Modi, also inaugurated the Gandhi Solar Park at the UN headquarters here and released a commemorative stamp issued by the UN on the occasion of Gandhi's 150th birth anniversary.
Since 2014, many of Mohan Bhagwat's speeches have acted as cues for government policy.
We are working at putting the most modern technology in farms at Indian costs. I always say whatever the US implements in dollars we should be able to do it at exchange rate of Rs 10, then we would be globally competitive.
India's most valued company Reliance Industries is building partnership with the US in many of the sunrise areas like life-sciences, biotechnology and retail.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Asserting that the self reliant India programme will help revive the global economy, Prime Minister Narendra Modi on Thursday told global business community that his government aims to transform the country through access, inclusion and empowerment while also ensuring complete data security. Addressing the World Economic Forum's online Davos Agenda Summit, where he also interacted with global business leaders, Modi also said India offers a predictable and friendly environment from tax regime to FDI norms. He said Aatmanirbhar Bharat movement is committed to global good and global supply chain while the country's digital profile has been completely transformed.
Prime Minister Narendra Modi called for promotion of sports in the country, saying that this can go a long way in helping national integration.
India's negotiating posture at the multilateral negotiations should be aligned with a significantly transformed development strategy domestically.' 'The positions the country takes at the negotiations will then carry credibility, says Shyam Saran, former foreign secretary and India's chief negotiator on Climate Change 2007-2010.
Infrastructure for all-IP next-generation, wireless broadband infrastructure across all the 29 states in India is being laid, says Mukesh.
With intense competition in telecom sector, the two companies are rushing to diversify into other revenue streams, prominent among which are cloud services.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Shringla said that diplomacy is looking at a very changed scenario in terms of how statecraft and relations between countries work in the wake of the pandemic.
Public-interest litigators Arundhati Katju and Menaka Guruswamy, who spearheaded a historic legal battle for LGBTQ rights in India, along with Reliance Industries Chairman Mukesh Ambani are among the Indians who have been named by TIME magazine in its prestigious list of the 100 most influential people in the world. The list also includes Indian-American comedian and TV host Hasan Minhaj.
Reliance Industries chairman Mukesh Ambani recalls his early childhood and what his father Dhirubhai taught him.
He urged every investor to follow his steps and invest in Gujarat.
