In December last year, Amazon invested over Rs 1,700 crore into its payments and wholesale business units in India, while in October it had infused over Rs 4,400 crore (more than USD 600 million) in its various units in India, including marketplace and food retail. Bezos last visited India in 2014 when he presented Amazon's Indian unit with a giant cheque for USD 2 billion. Since then, Amazon has pledged a further USD 3.5 billion to expand in the country and the USD 1 billion investment announced on Wednesday would take the total committed investment to USD 6.5 billion.
Choksi, who was allegedly the partner-in-crime of his nephew Nirav Modi in the banking fraud, refused to say anything further on the issue, on the advice of his lawyers.
There are reports that the BCCI has signed up several Australian cricketers, including Ricky Ponting, for IPL.
LearnHub.com, a social learning network run by Canada based Savvica Inc, has announced the Learnhub Dream Study Abroad Scholarship to help students in various academic pursuits to apply and study abroad.
"The downgrade of the bank's BCA and ratings reflects the negative impact of the discovery of a number of fraudulent transactions on the bank's standalone profile, particularly its capital position," the rating agency said in a report.
In a letter to the Business School community on Wednesday, Nohria said he will step down from the position of dean of the Harvard Business School (HBS) on June 30, 2020, after a decade in the role.
The seventh seeds beat Tatiana Poutchek and Anastasia Rodionova 6-2, 4-6, 10-7 to enter the doubles quarterfinals at Indian Wells.
The seventh seeded Indo-American duo beat Klaudia Jans and Gabriela Navratilova in the first round of the Pacific Life Open.
A resolute Jyoti Randhawa put himself in title contention by climbing to the tied second spot but it was heartbreak for veteran golfer Gaurav Ghei who was disqualified under bizzare circumstances on day three of the USD 2.5 million Johnnie Walker Classic in Gurgaon on Saturday.
BCCI president Sharad Pawar declared an award of USD 2 million for the Indian team for winning the Twenty20 World Cup title.
The Indo-Czech duo advanced after fifth seeds Paul Hanley and Kevin Ullyet withdrew while trailing 3-5 in the first set.
Arjun Atwal clinched his maiden title in the United States at the Chattanooga Classic which earned him a ticket to the PGA Tour next season.
The 14-year-old correctly spelled 'koinonia' to win the title.
Amid stiff global competition from major airport construction companies, a consortium led by Indian developer GMR has bagged an about Rs 11,000-crore (two-billion-euro) project to modernise Istanbul's second airport.
A charge sheethas been filed by the Central Bureau of Investigation against social activist Teesta Setalvad, her husband Javed Anand and a company run by them for alleged violation of foreign funding rules.
Johnnie Walker Classic has attracted star players like Colin Montgomerie, Adam Scott and Vijay Singh in its debut edition in India.
The PMLA court in Mumbai has sought their appearance on September 25 (Nirav Modi) and 26 (Mehul Choksi) respectively under the fugitive economic offender law.
The city claims in the years-old case that as of January 31, 2003, India and Mongolia owed approximately USD 16 million and USD 2 million each in property taxes on buildings they use to house staffers for the United Nations.
Prime Minister Narendra Modi emphasised that it is the responsibility of all to work against global warming.
The Indo-Czech duo lost 3-6, 6-0, 10-7 to top seeds Mike and Bob Bryan in the Cincinnati Masters semi-final.
The seventh seeded Indo-Czech pair lost 6-7 (3-7), 2-6 on Centre Court last evening.
said its consolidated net profit has gone up by 7 pc to Rs 3,708 crore while total income in the October-December quarter rose 8.3 pc to Rs 18,093 crore.
The pair weathered a tough opening set to beat Safin and his compatriot 7-5, 6-3.
They beat Antonella Serra Zanetti of Italy and Stephanie Foretz of France in the first round of the Pacific Life Open.
Mahesh Bhupathi and Martin Damm lost 3-6, 6-7 (7-9) against Kevin Ullyett and Wayne Black in the quarterfinals in Montreal
Jyoti Randhawa played a brilliant back nine to card a first round of six-under 64 and take a share of the lead at the Hong Kong Open.
The automaker will invest USD 195 million (about Rs 1,300 crore) and would employ 3,000 workers over the next five years, Ford Executive Chairman Bill Ford said in the Tamil Nadu capital today.
Jyoti Randhawa has been paired with defending champion Miguel Angel Jimenez and Peter O' Malley in the opening round of the Johnnie Walker Classic Golf.
Indian-origin technology executives Jayshree Ullal and Neerja Sethi have made it to the Forbes list of America's 60 richest self-made women, with 21-year-old reality TV star and entrepreneur Kylie Jenner the youngest to be featured in the power list.
In 2016, almost two-thirds of Indian imports that appear to be most at risk for some degree of potential revenues losses are imports from just one country, China, which was by far India's largest source of imports in that year
The rupee on Wednesday strengthened by another 3 paise to 62.82 against the US dollar.
Samsung's smartphone shipment to India may fall short of target by 4 million units in 2016, hit by global recall and halt in production of its flagship Note 7 smartphone, research firm CMR said on Friday.
Indian athletes bagged two gold, two silver and three bronze medals in the Asian Grand Prix in Sidoarja, Indonesia on Saturday.
The top seeds beat the Swiss-German pair of Yves Allegro and Michael Kohlman in the quarter-finals of the Kremlin Cup.
The duo lost in the quarter-finals of the Pacific Life tennis tournament.
Trump suggested a stronger military response is imminent.
Shiv Kapur sunk a brilliant hat-trick of birdies to finish the day at the Johnnie Walker Classic golf
In 2014, the country witnessed 800 new companies starting up, taking the total number of start-ups to 3,100, Nasscom said.
Irrational behaviour, born out of incomplete understanding, biases, overconfidence, fear or greed, has led investors to make less than half of what they could have in the capital markets, says Erik Hon.
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