Flipkart has announced in a letter to current employees that they will be allowed to liquidate their ESOPs at $126-128 a unit - against $150 a unit as the reports had initially suggested.

The instant credit facility is a part of Flipkart's strategy to drive its gross merchandise volume by \"15-20 per cent\" by launching affordability instruments in the next 24 months.

The court said that the fuel price is a matter of national policy, any orders will have ramifications.

The continuing plunge in the Indian rupee, coupled with the rising crude prices, will give the states a windfall in tax revenues to the tune of Rs 22,700 crore over and above the budget estimates for the current fiscal.

While the sharp decline in rupee's value has unnerved importers, it has also brought cheer to many Indians who stand to gain from its slide.

The problem is that two big objectives that the Prime Minister had touted in his late evening speech - about catching black money and weeding out fake notes - have been less than successful to say the least.

The buzz is that the Income Tax department stands to make a whopping $2 billion from the $16 billion Walmart-Flipkart deal.

A team of three IIM-C students, Alan Shaji Idicula, Urjaswit Lal and Tushar Kumar, came up with the unique idea of installing wall-length billboards on the walls of the metro stations designed to look like a series of supermarket shelves and tying up with e-commerce majors like Flipkart or Amazon to start the virtual store.

While the ongoing trade war between the US and China has sent alarm bells ringing, India can end up as a major beneficiary if it play its cards right.

After a seemingly endless stream of gloomy news and falling values, sentiment has finally started to show signs of improvement globally against the backdrop of the upcoming visit of Chinese delegates to the US in order to re-ignite trade talks.

The CCI concluded that Flipkart and Walmart \"are neither close competitors in the B2B sales nor have a combined market share that raises competition concern\".

The Walmart-Flipkart deal is expected to help the government rake in up to Rs 13,700 crore.

Some of the other demands by the truckers include abolition of TDS, rationalisation of Income tax Act, smoother functioning E-way bill, national permit for tourists and buses and abolition of direct port delivery tendering system.

Cost of living for expatriates in Mumbai is the highest in the country, and more expensive than its global peers like Melbourne and Frankfurt, said a survey.

Companies of all hues, including old warhorses, are now betting on stock options to ensure employee loyalty

facing heat for its failure to cope with increasing crude oil prices, the government finally has some respite in the form of its GST collections for April.

Nikesh Arora is hogging the headlines for the fat pay packet worth about $128 million that he has bagged in his new job as CEO Palo Alto Networks Inc, reportedly making him one of the highest-paid US executives.

In last six days, petrol price in Delhi has come down by 47 paise from its record high of Rs 78.43 on May 29. Before reducing the prices, oil marketing companies had hiked the fuel cost for 16 consecutive days - from May 13 to May 29, petrol price was raised by Rs 3.8 and diesel by Rs 3.38 per litre.

In last five days, petrol price in Delhi has come down by 32 paise from its record high of Rs 78.43 on May 29. But, the reduction amount is still lower than what the oil marketing companies hiked in 16 consecutive days - from May 13 to May 29, petrol price was raised by Rs 3.8 and diesel by Rs 3.38 per litre.