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Increased Tax Refunds Fuelling Fiscal Deficit: Jaitley

The higher fiscal deficit in the current financial year, that has touched 83 percent of…

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India's E-Commerce Industry will Consolidate: Spire

The burgeoning Indian e-commerce industry is all set to consolidate in the next five years and only two to three big players will survive, Japnit Singh, senior director, Spire Research and Consulting, Singapore and India,…

29 Oct 2014

India Leads South Asia in Ease of Doing Business: World Bank

A new World Bank Group report finds that has India set the pace for regulatory reform in South Asia since 2005 with 20 measures - the largest in the region. India was followed by Sri Lanka…

29 Oct 2014

Uninor posts highest revenue growth amongst all Telenor units

India has emerged as the fastest growing market for Norwegian telecom operator Telenor with its local arm, Uninor, posting highest revenue growth amongst all its units worldwide at 47% to reach about Rs 1,074 crore…

29 Oct 2014

Adani hires Parsons Brinckerhoff for Australia coal project

Indian conglomerate Adani today named the US-based Company Parsons Brinckerhoff as its project management contractor for the long-delayed USD 15 billion Carmichael mine, rail and port project in Australia. Brinkerhoff, a project management and infrastructure consulting…

29 Oct 2014

E-Commerce Can't be Back-Door Entry to Multi-Brand Retail: India

India today said that it is conscious not to allow e-commerce to become an avenue for foreign direct investment (FDI) in the much sought-after multi-brand retail sector. "There has been a lot of talk on e-commerce.…

28 Oct 2014

Good Customer Service Key for Businesses in India: Survey

The trend of consumers staying with a company on account of good service experience is picking up in India, says a survey. Also, out of 10 Indian consumers 7 have used social media for customer service…

28 Oct 2014

Indian Online Retail Market To Cross Rs 88,000 Cr by 2018

Indian online retail market is estimated to grow over 4-fold to touch USD 14.5 billion (over Rs 88,000 crore) by 2018 on account of rapid expansion of e-commerce in the country. According to research and consultancy…

28 Oct 2014

Sensex recovers 81 points in early trade

The benchmark BSE Sensex staged a comeback by rising over 81 points in early trade today on selective buying by foreign funds and investors amid a mixed global cues. The 30-share barometer, which had lost 98.15…

28 Oct 2014

SoftBank to Invest $10 Billion in India

Japanese telecommunications company SoftBank Corporation's chairman and chief executive officer Masayoshi Son who met Indian Prime Minister Narendra Modi Monday also pledged an investment of $10 billion in India's IT and communications space, an official…

27 Oct 2014

CAG Should Restrict Itself to Financial Impropriety: PAC Chief

In a veiled criticism of huge notional losses projected by CAG in the 2G and other scams, PAC Chairman K V Thomas today said audits should be restricted to financial impropriety and not come out…

27 Oct 2014

Money Spent on Clean Ganga, Swacch Bharat Campaigns Come Under Ambit of CSR

Activities that come under the ambit of Corporate Social Responsibility (CSR) have been broadened to include the two top initiatives of PM Narendra Modi - The Clean Ganga Campaign, and the Swacch Bharat Campaign. The Ministry…

27 Oct 2014

Working to Recover Loans from Kingfisher Airlines: Private Banks

Private sector banks, which have shied away from tagging Kingfisher Airlines chairman Vijay Mallya a 'wilful defaulter' as some key public sector lenders have done, say that they are exploring "all options" to recover their…

26 Oct 2014

We are well-positioned in Indian enterprise market: BlackBerry

Canadian handset maker BlackBerry believes it is "well-positioned" for the multi-billion dollar Indian enterprise market armed with smartphones across multiple price points and end-to-end mobility solutions. "Today, BlackBerry offers an unparallelled global infrastructure, a combination of…

26 Oct 2014

Indian, Chinese Firms Leading Tech Billionaire List

Indian and Chinese technology entrepreneurs were leading the top 10 Asian tech billionaire list with USD 136 billion net assets, according to an industry source and recent market data. India was represented by three entrepreneurs with…

25 Oct 2014

Microsoft Co-Founder to Donate $100 Million to Fight Ebola

US billionaire Paul Allen, one of the founders of Microsoft, will donate $100 million to the fight against the Ebola virus, the daily New York Times said. Allen, who co-founded Microsoft with Bill Gates, said in…

25 Oct 2014

Microsoft Drops Nokia Name from Lumia Smartphones

US software giant Microsoft today said it will now start selling Lumia smartphones as 'Microsoft Lumia' device instead of calling them Nokia Lumia. "Our global and local websites are going through a transition as we speak…

24 Oct 2014

mPassBook Facility for SBI Smartphone App Launched

State Bank of India (SBI), which is the largest lender in the country, has on Wednesday launched the facility known as 'mPassBook', on the 'State Bank Anywhere' application for smartphones, for the use of its…

22 Oct 2014

Sebi to Sell Shares Held by 9 Entities to Recover Rs 4 Crore

Sebi has decided to sell shares held by nine entities in various companies to recover penalties worth nearly Rs 4 crore imposed on them for violations of securities market norms. The share sale would take place…

22 Oct 2014

Sensex extends gains, up 212 pts in early trade

The benchmark BSE Sensex today rose over 212 points in early trade on the last trading session of the Samvat Year 2070, extending gains for the fourth straight day on increased capital inflows amid the…

22 Oct 2014

Reforms Needed to Attract Investment, Create Jobs: Vasundhara

The process to start business must be made simpler and certain old regulations have to be revisited in order to push ahead with reforms and create jobs, Rajasthan Chief Minister Vasundhara Raje said today. She, however,…

21 Oct 2014