Retail giant Walmart acquires 77% stake in Flipkart Group

Retail giant Walmart Inc. on Saturday acquired approximately 77 per cent stake in e-commerce major Flipkart. According to a statement, Walmart now holds approximately 77 per cent of Flipkart, while the remainder... Read more »

India’s forex reserves deplete by over $1.80 bn

India’s foreign exchange (Forex) reserves plunged by $1.82 billion during the week ended August 10, official data showed on Friday. According to the Reserve Bank of India (RBI) weekly statistical supplement, the... Read more »

Mercedes-Benz India to increase prices by up to 4% across models

Luxury automobile manufacturer Mercedes-Benz India on Thursday announced a price rise by up to 4 per cent across models. According to the company, the revised prices (ex-showroom) will be applicable from September... Read more »

Indian start-up SigTuple selected for Google Demo Day Asia final

Bengaluru-based health technology start-up SigTuple has been selected among the top 10 finalists to participate in Google’s Demo Day Asia, scheduled to take place in Shanghai in September. SigTuple creates Artificial Intelligence... Read more »

Tamil Nadu leads in attracting investments: Palaniswami

Tamil Nadu Chief Minister K. Palaniswami on Wednesday said the state leads in attracting industrial investments. Unfurling the national flag at Fort St. George, the state Secretariat here, to mark the 72nd... Read more »

Rupee hits record low of Rs. 70 against US dollar.

Fears over a rise in global protectionist measures, along with a strong US economy, dragged the Indian rupee to a fresh intra-day low of over 70 against the US dollar on Tuesday... Read more »

Global cues, weak rupee subdue equity indices; banking stocks fall

Broadly negative global cues along with weakness in the Indian rupee subdued the key Indian equity indices on Monday. According to market observers, heavy selling pressure was witnessed in banking and oil... Read more »

IndianOil’s Q1 consolidated net profit up 51% to Rs 7,175 Cr.

State-run Indian Oil Corporation (IndianOil) on Saturday posted a consolidated net profit of Rs 7,175.59 crore, up 51 per cent year-on-year, for the quarter ended June 30, 2018. The consolidated net profit... Read more »

SBI reported a major loss of Rs 4,876 crore for the first quarter.

State-run State Bank of India (SBI) on Friday reported a major loss of Rs 4,876 crore for the first quarter ending June, caused by higher provisioning on account of its accumulated non-performing... Read more »

IKEA Store gets huge response on day one | Attracts 40,000 customers on first day

┬áIkea’s first India store, which opened its doors to a huge response by customers on Thursday, offers a world of options for people looking to furnish their homes with products of good... Read more »