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Goutam Das
August 15, 2018
Modi had recently inaugurated Samsung's new mobile making facility in Noida - Samsung is doubling its current capacity for mobile phones from 68 million units a year to 120 million units a year. This would be a phase-wise expansion, to be completed by 2020.


PTI
July 19, 2018
The CBI was conducting probe as to how Chidambaram, who was the finance minister in 2006, granted Foreign Investment Promotion Board (FIPB) approval to a foreign firm when only Cabinet Committee on Economic Affairs (CCEA) was empowered to do it.


BusinessToday.in
New Delhi, July 11, 2018
Andhra Pradesh tops in ease of doing business ranking; Gujarat slips to 5thAndhra Pradesh continues to be the best state to do business in the country while neighbouring Telegana has been ranked second with Haryana at the third spot, in the ease of doing business list prepared by the World Bank and the Department of Industrial policy and Promotion (DIPP). Gujarat has slipped further to the fifth rank in the ease of doing business.Aircel Maxis case: P Chidambaram, Karti get protection from arrest till August 7Former Finance Minister P Chidambaram got relief for the third time in the Aircel Maxis case from the Patiala House Court and his son Karti for the fifth time as their anticipatory bail has been extended till August 7. The Enforcement Directorate for the first time filed a reply in the case of P Chidambaram opposing his bail plea.TCS' net profit jumps 23% to Rs 7,340 crore in June quarterIT major Tata Consultancy Services Ltd's net profit rose 6.3 per cent sequentially while 23.5 per cent on YoY basis to Rs 7,340 crore in its first quarterly results declared to stock exchanges on Tuesday. The company's net profit in the same period in the previous fiscal stood at Rs 5,945 crore, the TCS said.HDFC group m-cap crosses Rs 10 lakh crore, only second after TatasDeepak Parekh-led financial services conglomerate HDFC group saw the market capitalisation of its listed firms cross Rs 10 lakh crore mark, making it only the second Indian business house after Tatas to achieve this feat. HDFC group currently has four listed entities -- housing finance major HDFC Ltd, banking behemoth HDFC Bank, life insurance firm HDFC Standard Life and Gruh Finance -- while Tatas have nearly 30 firms listed on the stock exchange.WhatsApp's new update to reach devices soon; feature to take on fake forwardsWhatsApp has started rolling out a new feature that will clearly demarcate messages that are forwards. The Facebook-owned company has released an official blog regarding the new feature where it explains how this new feature will help in their efforts to curb fake messages and fake news. Any forwarded message will have a small \"Forwarded\" label on top.


Meetu Jain
July 11, 2018
The Enforcement Directorate for the first time filed a reply in the case of P Chidambaram opposing his bail plea. The agency has urged the court to take cognisance of a charge sheet against Karti Chidambaram on July 31.


BusinessToday.In
New Delhi, July 4, 2018
CBI seeks custodial interrogation of P Chidambaram in INX Media caseThe Central Bureau of Investigation (CBI) on Tuesday moved a plea in the High Court for permission to go ahead with the custodial interrogation of former finance minister P Chidambaram in the INX Media corruption case as he was not allegedly cooperating in the investigation. The investigating agency moved its application merely a few hours after Chidambaram's plea for extension of interim protection from arrest was granted by the Delhi High Court. The premier investigation agency made the submission in an affidavit filed before Justice A K Pathak, who listed the matter for hearing on August 1 and extended till then the interim protection against arrest granted to Chidambaram on May 31. Why should women do all the work?According to a recent report by the International Labour Organisation (ILO), in India women spend 297 minutes per day on the care responsibilities, 9.6 times more than men. While men spend only 30 minutes to provide care for elderly and children at home, one of the lowest in Asia-Pacific. Globally, the situation is not much different, where women perform 76.2 per cent of total of unpaid care work, three times as much as men. In Asia and the Pacific it rises to 80 per cent. In 2018, 49.5 per cent of women in Asia-Pacific declared that they cannot work or are not looking for a job due to unpaid care work. Govt warns WhatsApp over spread of messages triggering violence  The government today directed WhatsApp to immediately take steps to prevent the spread of \"irresponsible and explosive messages\", saying the social media platform cannot evade its responsibility, amid a spate of lynching cases purportedly triggered by posts circulated on such popular messaging apps. WhatsApp has also been asked to immediately contain the spread of such messages through application of technology, even as law and order machinery takes steps to apprehend the culprits. Noting that miscreants were repeatedly circulating provocative messages triggering a spate of violence, the government has said it has \"conveyed in no uncertain terms that WhatsApp must take immediate action to end this menace and ensure that their platform is not used for such malafide activities\". When contacted, a WhatsApp spokesperson told PTI, \"WhatsApp cares deeply about people's safety and their ability to freely communicate\". Google is letting third-party developers access your Gmail InboxThe Mountain View tech giant, Google, has been allowing third-party app developers to scan through inboxes of Gmail users, according to a recent Wall Street Journal report. In June last year, Google stopped scanning user's emails, which was being done to provide personalised ads. Despite curtailing the inapt practice, it has allowed hundreds of third-parties to continue doing the same. The report said, \"Google does little to police those developers, who train their computers - and, in some cases, employees - to read their users' emails.\"  Saudi says ready to pump more oil to balance market  Saudi Arabia, the world's top crude exporter, said today it was prepared to use its spare production capacity, estimated at two million barrels, to balance the global oil market. \"The kingdom is prepared to utilise its spare production capacity when necessary to deal with any future changes in the levels of supply and demand,\" a cabinet statement said following a meeting chaired by King Salman. The statement said the kingdom will coordinate with other producers.Saudi Arabia, which has been pumping around 10 million barrels per day, holds the largest spare capacity in the world and is the only country that can add substantial supply to the market. Harley-Davidson row: Trump says administration working to bring other motorcycle companies to US  President Donald Trump said today his administration is talking with other motorcycle companies about moving to the US after Harley Davidson decided to shift some operations overseas in the wake of retaliatory EU tariffs against American duties. Harley-Davidson said on June 25 that tariffs implemented by the EU would increase the average cost per motorcycle by about USD 2,200 and the company will shift some production overseas as a result. The European Union imposed the tariffs in retaliation against the Trump administration's duties on steel and aluminum imports, which were an effort by Trump to protect US jobs.


Mail Today Bureau
July 4, 2018
The premier investigation agency made the submission in an affidavit filed before Justice A K Pathak, who listed the matter for hearing on August 1 and extended till then the interim protection against arrest granted to Chidambaram on May 31.


BusinessToday.In
July 1, 2018
GST, which was dubbed as India's biggest economic reform, today completed the first year and the government is celebrating  the day by highlighting its achievements. Earlier today, Prime Minister Modi hailed the GST as a tool that has brought growth, simplicity and transparency.


BusinessToday.In
New Delhi, June 20, 2018
Court summons Chidambaram's wife, son over black money complaintA special court for economic offence cases has summoned former union minister P Chidambaram's wife, son and daughter-in-law to appear on June 25 in connection with the prosecution initiated by the Income Tax Department under the Black Money Act. The special court issued summons to Nalini Chidambaram, Karti Chidambaram and his wife Srinidhi on the basis of a complaint filed by the Income Tax Department over alleged non-disclosure of overseas assets, which is an offence under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act. According to the tax department, the trio failed to disclose a property they jointly own in Cambridge in the UK, worth Rs 5.37 crore. Uber appoints Pradeep Parameswaran as India and South Asia operations headUS-based cab aggregator Uber today said it has elevated Pradeep Parameswaran as President of its India and South Asia operations. He succeeds Amit Jain, who was elevated to the role of Head of Asia Pacific region last month. Parameswaran had joined Uber in January last year and was leading operations for Uber in India and South Asia. He has been associated with companies like Hindustan Lever, McKinsey & Co, and Den Networks. South Asia, including India, is an important market for Uber where it competes with homegrown Ola.Jeff Bezos adds $5 billion to his kitty in less than a month while Amazon employees demand fair wagesIn less than a month, Amazon founder and CEO Jeff Bezos has reportedly added $5 billion to his wealth, taking his net worth to $141.9 billion. According to media reports, he is now $49 billion richer than Microsoft's Bill Gates, who came in second on the latest Forbes World's Billionaires list. But this news of his success comes against the backdrop of disgruntlement among his employees. According to the Daily Mail, last week over 400 employees of the Washington Post signed an open letter to Bezos demanding fair wages and better working conditions. The world's richest man had bought the newspaper for $250 million in 2013.White House: China has 'much more to lose' in trade dispute China has more to lose than the United States in the two nations' burgeoning trade dispute but Washington remains open to dialogue with its largest trading partner, a senior White House advisor has said. Trade brinkmanship between Washington and Beijing continued late yesterday when President Donald Trump threatened to put fresh duties on between USD 200 billion and USD 400 billion in Chinese imports. The possible new duties, which could cover the lion's share of all of China's exports to the United States, were a response to retaliatory Chinese levies on up to USD 50 billion in US goods announced Friday.Bharat 22 ETF further fund offer opens, anchor investors put in bids worth Rs 5,163 croreThe second innings of Bharat-22 ETF, Narendra Modi government's key divestment initiative, started on a strong note on the first day of the further fund offer with anchor investors putting in bids 3.44 times of their allocated portion to the tune of Rs 5,163 crore. The Modi government is eyeing to raise up to Rs 8,400 crore via this ETF issue to attain the ambitious target of raising Rs 72,500 crore through disinvestment in the current fiscal. On Tuesday, the government launched the FFO of Bharat-22 Exchange Traded Fund (ETF), comprising shares of 22 companies.


BusinessToday.In
New Delhi, June 18, 2018
According to Jaitley, the 7.7 per cent economic growth in the fourth quarter of 2017-18 'firmly' established India as the fastest growing major economy in the world and the trend is \"likely to continue for the next few years\".


Munish Pandey
June 13, 2018
The ED and CBI are probing the father and son for allegedly taking kickbacks in exchange for getting the Aircel-Maxis deal of over Rs 3,500 crore cleared by the Foreign Investment Promotion Board in 2006, when P Chidambaram was the Finance Minister.


BusinessToday.In
New Delhi, June 12, 2018
Former Finance Minister P Chidambaram appeared before the Enforcement Directorate (ED) for the second time for a fresh round of questioning pertaining to the Aircel-Maxis money laundering case.


PTI
June 11, 2018



Manu Kaushik
New Delhi, June 11, 2018
The scale of value destruction in the telecom sector has been huge. Only sensible policies and practices can save it now.


PTI
June 6, 2018



Munish Pandey
June 6, 2018
The ED questioned P Chidambaram based on the statement given by then FIPB officials on the alleged role played by the former Finance Minister in giving FIPB approvals of over Rs 3,500 crore.


PTI
June 5, 2018



BusinessToday.In
May 28, 2018
The Central government levies Rs 19.48 excise duty on a litre of petrol and Rs 15.33 on diesel. States charge value added tax that varies from state to state. In Delhi, VAT on petrol is Rs 16.41 and on diesel Rs 10.05.


BusinessToday.In
New Delhi, May 25, 2018
Reluctant to cut losses, the government is weighing on options before taking a step that could either provide a relief to the consumers or hamper its revenue prospects.


BusinessToday.In
May 23, 2018
A tougher option could be to finally bring petrol and diesel under GST, which has been dangled as a lollipop for a long time. Even at a prohibitive 18 per cent tax rate, petrol would barely cost Rs 45.75 per litre.


BusinessToday.In
May 16, 2018
There seems to be no end in sight to the political machinations that have ensued after the Karanataka election results threw up a hung assembly.


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