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September 21, 2018
New jobs rise to 11-month high of 9.51 lakh in July; 27 states, UTs on board to implement PM Modi's healthcare scheme from September 25; India to pay Iran in rupees for oil imports from November; Flipkart employees to turn millionaires after Walmart buys employee shares worth $800 million. Watch more in this episode of Business Wrap.


BusinessToday.In
New Delhi, September 21, 2018
New jobs rise to 11-month high of 9.51 lakh in JulyNew job creations in July rose to an 11-month high of 9.51 lakh, taking the total tally of new enrolments to 61.81 lakh since September 2017, according to the EPFO's payroll data. Job addition numbers, which are based on new members enrolled in various social security schemes of EPFO such as pension, PF and insurance, were 9,51,423 in July -- the highest in any month since September 2017 when the retirement fund body started rel...


BusinessToday.In
New Delhi, September 19, 2018
Ahead of festive showdown, Flipkart pumps in Rs 3,463 crore to boost salesFlipkart is aiming at achieving 50 per cent of all smartphone sales during the upcoming festive month. Keeping the ambitious plan in mind, Flipkart has pumped in Rs 3,463 crore into its online marketplace, Flipkart Internet. This is the first biggest capital infusion by the Walmart-backed e-commerce giant ever since the US-based retail behemoth acquired a majority stake in the company. RCom to exit tele...


BusinessToday.In
New Delhi, September 19, 2018
This is the first capital infusion by the Walmart-backed e-commerce giant ever since the US-based retail behemoth acquired a majority stake in the company.


BusinessToday.In
New Delhi, September 7, 2018
GreyOrange, one of the rare hardware startups to come out of India, was founded in 2011 by BITS-Pilani graduates Samay Kohli and Akash Gupta.


BusinessToday.In
New Delhi, August 29, 2018
This deal has also raised eyebrows since Buffett had long refused to invest in the tech space saying that it was too difficult to predict which tech businesses will prosper in the long run.


BusinessToday.In
August 27, 2018
Warren Buffett's Berkshire Hathaway is in talks to invest about Rs 2,000-2,500 crore in Paytm parent One97 Communications - possibly the first direct investment in India by the legendary investor.


BusinessToday.in
New Delhi, August 23, 2018
Chanda Kochhar to be considered for director's post on ICICI Securities board; Haier's new unit in Greater Noida to generate 12,550 jobs; Anil Ambani files defamation suit against Congress leaders, asks to stop spreading 'misinformation'; Arun Jaitley to resume charge as finance minister. Watch more in this episode of Business Wrap.


BusinessToday.In
New Delhi, August 23, 2018
Chanda Kochhar to be considered for director's post on ICICI Securities boardICICI Bank CEO and Managing Director Chanda Kochhar has suggested her name for a seat on the Board of Directors of ICICI Securities, the private lender's broking arm. The proposal will be up for consideration during the annual general meeting of ICICI Securities scheduled for August 30.Kochhar is facing scrutiny from several regulatory bodies as well as an internal probe initiated by the ICICI Bank over c...


BusinessToday.In
New Delhi, August 20, 2018
Kerala CM seeks Rs 2,000 cr relief package from PM as state suffers Rs 19,512 cr lossAbout 357 people have lost their lives in what could be called the worst-ever flood in a century in Kerala. So far, the National Disaster Response Force has evacuated over 10,000 people from the worst-affected areas of southern state. In an unprecedented relief effort under the instructions of Prime Minister Narendra Modi, 67 helicopters, 24 aircraft, 548 motorboats and thousands of rescue personn...


PTI
August 19, 2018
The mega deal, announced in May this year, is the largest so far in the Indian retail space. This is also Walmart's biggest acquisition and will help it compete more aggressively with its US-based rival Amazon.


BusinessToday.In
New Delhi, August 8, 2018
Bansal's decision to sell his entire stake to Walmart was reportedly the result of differences with the investors.


BusinessToday.In
New Delhi, July 24, 2018
In the CoD method, Flipkart, Amazon and other ecommerce players collect cash from customers on behalf of third-party vendors at the time the goods are delivered instead of demanding online payment at the time of placing the order.


BusinessToday.In
July 16, 2018
A partnership with Flipkart could have unleashed a formidable force in terms of a voice-based shopping experience - Google's strength in building an online shopping ecosystem, along with its AI-powered speaker Google Home.


BusinessToday.In
July 9, 2018
In an emotional post on Facebook after the Walmart deal was announced, Sachin had written \"Sadly my work here is done and after 10 years, it's time to hand over the baton and move on from Flipkart.\"


BusinessToday.In
New Delhi, June 28, 2018
Sachin Bansal formed Billion as a private label dealing in electronics, appliances and accessories after he was forced to give up the post of CEO in 2016. He meant it to be an affordable brand fashioned with Indian customers specifically in mind.


Manu Kaushik
New Delhi, June 15, 2018
The \"Double Dhamaka\" plan offers 252 gigabits (GBs) of data (3GBs per day), unlimited voice calls and SMSes at Rs 399 for 84 days.


BusinessToday.In
New Delhi, June 4, 2018
RBI panel to decide on policy rates in 3-day MPC meet starting todayRising inflation and high crude oil prices will weigh on the minds of the six Monetary Policy Committee (MPC) members at their three-day meeting beginning here today to decide the key policy rate. The seven-quarter high growth rate of 7.7 per cent in January-March 2018 and forecast of a normal monsoon has reduced the clamour for a cut in the benchmark lending rate (repo) by the Reserve Bank of India (RBI). Retail ...


PTI
June 3, 2018
SBI Chairman Rajnish Kumar said the bank will be modifying the rules in order to invest earmarked funds to the tune of Rs 50 crore in fintech start-ups. A collaborative innovation centre worth Rs 25 crore will also be set up, he added.


Dipak Mondal
New Delhi, May 28, 2018
The Walmart-Flipkart deal is a possible nightmare for the tax department given the complex holding structure of the Indian e-commerce giant.


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