- Mar 02, 2015 15:29 IST
The deal by Ola, backed by Japan's SoftBank Corp, is among the biggest in India's startup industry after Flipkart's purchase of Myntra for about $300 million in May last year.
- Mar 02, 2015 16:38 IST
The Reserve Bank may cut key interest rates as early as this week, as the fiscal measures announced in the Union Budget are unlikely to disturb the "disinflation" trend, say analysts.
- Mar 02, 2015 10:19 IST
The benchmark sensex on Monday rose for the third straight session, gaining 97.64 points to end at 29,459.14 and the Nifty index increased 54.90 points to new closing peak of 8,956.75 as investors cheered growth-oriented proposals in the Union Budget.
- Mar 02, 2015 00:26 IST
India’s wait for a ratings upgrade may get longer. Rating agencies have expressed concerns over finance minister Arun Jaitley’s budget proposal to cut India’s fiscal deficit – the amount the government borrows to balance its books – to 3% in three years, instead of two as envisaged earlier.
- Mar 02, 2015 10:08 IST
The rupee lost 8 paise to Rs 61.91 against the dollar in early trade on Monday on the Interbank Foreign Exchange due to appreciation of the US currency overseas.
- Mar 02, 2015 00:26 IST
Indians holding black money abroad will be given a chance to disclose overseas bank accounts or wealth and avoid a jail term, minister of state for finance Jayant Sinha has said.
- Mar 01, 2015 22:28 IST
Prime Minister Narendra Modi on Sunday urged the domestic infotech industry to focus on meeting the global challenge of cyber-security and exploit the huge opportunity to generate wealth and fame for country.
- Mar 01, 2015 22:36 IST
Markets are expected to rise this week as a reduction in corporate taxes, deferral of GAAR and removal of minimum alternate tax (MAT) for foreign investors have boosted investor sentiment, experts said.
- Mar 01, 2015 22:43 IST
If you are a sports buff, the budget has good news for you. Ticket prices for all recognised sporting events including international matches, the 20-20 cricket league, Indian Hockey League and the like, are set to fall: the government has exempted these from the service tax net, for tickets that priced at over Rs 500.
- Mar 01, 2015 22:32 IST
Apple Watch will replace your car keys and its battery will last the whole day, Apple Inc’s chief executive Tim Cook told the Telegraph in an interview. The watch is designed to replace car keys and the clumsy, large fobs that are now used in many vehicles, Cook said. Its battery will last the whole day, and will not take as long to charge as an iPhone, the report quoted Cook as saying.
- Mar 01, 2015 22:35 IST
The budget has been widely hailed for making foreign companies and overseas investors happy. But, it is likely to increase litigations, especially with respect to the definition of ‘resident of India’ for offshore companies.
- Mar 01, 2015 14:19 IST
The government's budget was praised on Sunday as balancing the need to boost business and help the poor, but some experts were disappointed at a lack of big-bang reforms to Asia's third largest economy.
- Mar 01, 2015 19:22 IST
Real Estate Investment Trusts (REITs) could attract USD 1 billion worth funds this calendar year following tax benefits announced in the Union Budget, according to property consultant JLL India.
- Mar 01, 2015 20:43 IST
New rules that aim to protect the openness of the Internet will allow telecom and cable groups to prioritise and earn potentially vast income from some types of data, setting up likely clashes with regulators in the future.
- Mar 01, 2015 22:24 IST
Berkshire Hathaway vice-chairman Charles Munger reignited the great succession debate at the US-based group, hinting on Saturday it could be India-born Ajit Jain or Greg Abel.