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BusinessToday.In
New Delhi, September 13, 2018
RBI pulls back rupee from the brink by selling dollarsThe rupee slumped to a historic low of 72.91 in morning trade on Wednesday forcing the RBI to sell US dollars in the market through public sector banks to bring the Indian currency back from the brink. The government also issued a statement that the rupee would not be allowed to crash to an unreasonable level which further bolstered sentiments and enabled the rupee to climb back to 72.18 vis-a-vis the US dollar at the end of th...


BusinessToday.In
New Delhi, September 10, 2018
The airline said that the first four freighters are scheduled to be inducted by March 2019.


BusinessToday.In
New Delhi, September 10, 2018
Govt to fine-tune e-commerce rules; panel formed to look into issue; Trump calls on Apple to move production from China to US; SEBI may summon Kochhars soon; board to discuss coordinated efforts with govt, RBI; and Jio, Airtel, other telcos fined for not meeting service quality norms in March quarter. Watch this episode of Business Wrap.


BusinessToday.In
New Delhi, September 10, 2018
Govt to fine-tune e-commerce rules; panel formed to look into issueThe government has set up a group of secretaries to review a recently released draft ecommerce policy, which has drawn severe criticism from many stakeholders. The nascent but booming online retail space has largely been without regulations until a task force led by then commerce secretary Rita Teaotia put together the draft policy. The new group will be chaired by the secretary in the department of industrial poli...


BusinessToday.In
New Delhi, September 10, 2018
Daniel Zhang, popularly known Xiaoyaozi (free and unfettered one) among Alibaba's 86,000 employees, is credited with leading Alibaba's mobile-first strategy and strategic acquisitions like Youku Tudou.


Associated Press
New Delhi, September 10, 2018
In a letter released by Alibaba, Ma said he will be succeeded by CEO Daniel Zhang. Ma handed over the CEO's post to Zhang in 2013 as part of what he said was a succession process developed over a decade.


Mail Today Bureau
New Delhi, September 10, 2018
The policy faced backlash over its suggestions dealing with data localisation, curbing deep discounting which has been the mainstay of online retailers and Foreign Direct Investment (FDI) norms


Reuters
September 8, 2018
Alibaba Group Holding Ltd's billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being.


PTI
September 8, 2018
Flipkart's investor would have to give \"written notice of at least five business days prior\" to Tencent for such transfer or sale of share, according to the share issuance and acquisition agreement filed by Walmart with the US Security and Exchange Commission.


PTI
September 8, 2018
Alibaba co-founder and chairman Jack Ma plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy focused on education, he told the New York Times in an interview.


BusinessToday.In
New Delhi, September 7, 2018
The company is also planning to invest heavily to promote its in-house labels such as MarQ (appliances like washing machines and ACs), Perfect Homes (furniture brand), SmartBuy (electronics and accessories), etc. Other offerings from Flipkart like flexible EMI option through both debit card and debit card and mobile protection services will drive in more sales.


BusinessToday.In
September 7, 2018
The National Company Law Appellate Tribunal (NCLAT) has asked US-based brick-and-mortar behemoth Walmart and its recent acquisition, Flipkart, to explain their business model in India.


BusinessToday.In
New Delhi, September 7, 2018
Section 377 and the judgment was one of the most-talked about topics on social media on Thursday.


Manu Kaushik
New Delhi, September 5, 2018
In December this year, drones will begin flying across Indian skies for surveys, photography, and mapping.


Reuters
New Delhi, September 4, 2018
None of India's other leading e-commerce portals - Flipkart, Snapdeal or Paytm Mall - currently have a local language version of their apps or websites.


Manoj Sharma
New Delhi, September 3, 2018
Advanced technologies like AI and machine learning not only reduce the chances of error -- thereby improving efficiency -- but also go beyond human intelligence to offer solutions in areas such as e-commerce, fintech, healthcare, and education.


Sonal Khetarpal
New Delhi, September 3, 2018
Sumita Ghose's artisan collective RangSutra, which started out from Rajasthan, is now a supplier to Ikea.


Ajita Shashidhar
New Delhi, September 3, 2018
Falguni Nayar has redefined the online beauty space.


BusinessToday.in
New Delhi, September 3, 2018
Wipro wins biggest ever contract, over $1.5 billionIndian software services exporter Wipro Ltd has won its biggest-ever contract worth more than $1.5 billion with U.S.-based Alight Solutions LLC for digital services as reported by Reuters. Wipro would earn $1.5-1.6 billion in revenues over the tenure of the deal, which will include services in health, human resources and finance.The deal is expected to be completed in the quarter ending September.  Income Tax dept to wait til...


PTI
September 2, 2018
As per the provisions of the I-T law, Walmart has to deduct withholding tax on payments made to sellers and deposit it with the Indian authorities on the seventh day of the subsequent month, which falls on September 7.


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