Business Today

RCom shares jump 10% after Mukesh Ambani bails out brother Anil on Ericsson dues

Shares of Reliance Communications rose 10 per cent in the early day trade following yesterday's announcement that it had paid Rs 550 crore plus interest to Swedish telecom equipment maker Ericsson, as per Supreme Court orders.




GST Council Meet: Rules regarding input tax credit for under-construction projects to be finalised

The Council will finalise the rules regarding the already availed Input Tax Credit (ITC) by real estate developers for under-construction projects before the new tax rates come into force from the next financial year.

Korea's Hyundai Group announces $300 million investment in ride sharing start-up Ola

Ola, founded in 2011, has quickly grown in India to become the main challenger to world's largest ride hailing start-up Uber that entered the Indian market much later. It has also attracted much attention from auto companies from the start.

Now, a post graduate degree at IIM Ahmedabad to cost Rs 23 lakhs

The newly devised Indian Institute of Management Act enables IIMs to offer degrees and to make substantial changes in their administration.

L&T's hostile takeover bid is 'value destructive' for all shareholders: Mindtree promoters

In a regulatory filing last night Mindtree's promoters, including its four founders, said they intend to "unconditionally oppose" Larsen and Toubro's (L&T) hostile takeover bid, calling it a grave threat to their organisation

 
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Sluggish Growth

The CSO has also reduced its growth estimates for the year to 7.0 per cent, from the 7.2 per cent estimated earlier.

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