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  • RBI calls for a need to have online trading platform of bad loans
    on January 20, 2018 at 10:22 am

    Reserve Bank of India (RBI) deputy governor, Viral Acharya called for a need to set up online platforn for trading and bidding platform of bad loans which will bring transparency pricing in assets on sale. Setting up an online trading platform will help India achieve a thriving market for sale of NPAs (non-performing assets), said Acharya at an ASSOCHAM event held in Mumbai today.As of now, the price that ARCs bid for the stressed loans and the bid that is funally accepted by the bank is not […]

  • Here comes Range Rover Velar, starting at Rs 79 lakh
    on January 20, 2018 at 9:31 am

    Tata Motors-owned Jaguar Land Rover (JLR) today announced the market launch of its latest SUV model Range Rover Velar in India, priced between Rs 78.83 lakh and Rs 1.38 crore (ex-showroom Delhi).The company said it will start deliveries of the vehicle to customers from dealerships within a week to ten days."We have had a tremendous response to the Range Rover Velar and we are sold out till March," JLR India President & MD Rohit Suri told PTI here.He, however, did not share the total number […]

  • After Jio's 1st profit, Ambani is ready for another contrarian bet
    on January 20, 2018 at 8:38 am

    Within 15 months of starting commercial operations, Reliance Jio Infocomm turned profitable, posting a net profit of Rs 504 crore for the third quarter of the fiscal year. It had posted a net loss of Rs 271 crore in the previous quarter. It clocked a revenue of Rs 6.879 crore, up nearly 12% on quarter. Jio's rivals are facing tough times. Bharti Airtel's third-quarter net profit plunged 39%, missing estimates and dropping for the seventh straight quarter. Idea Cellular, too, is expected to post […]

  • US government has shut down, here's what that means for the rest of the world
    on January 20, 2018 at 8:30 am

    WASHINGTON: The federal government shut down at the stroke of midnight Friday, halting all but the most essential operations and marring the one-year anniversary of President Donald Trump's inauguration in a striking display of Washington dysfunction.Last-minute negotiations crumbled as Senate Democrats blocked a four-week stopgap extension in a late-night vote, causing the fourth government shutdown in a quarter century. The slide toward closure lacked for high drama: The Senate vote was all […]

  • Modi government has bad news for Indians dreaming of easy money via bitcoins
    on January 20, 2018 at 8:30 am

    Bitcoin, the cryptocurrency that has become the craze all over the world, is a hit with a lot of Indians too. More than $3.5 billion worth of transactions in the cryptocurrency have been conducted in India over a 17-month period, according to the income tax department. Bitcoin has the allure of any Ponzi scheme with a get-rich-quick promise. Additionally, it can be a new opportunity for hoarders of black money. The profiles of common investors in Bitcoin prove this. They are tech-savvy young […]

  • OnePlus opens first authorised offline store in India
    on January 20, 2018 at 8:18 am

    MUMBAI: Chinese smartphone maker OnePlus on Saturday announced the launch of its first "OnePlus Authorised Store" in the country here."The new 'OnePlus Authorised Store' is designed to complement our online first business strategy and also attract new users, while serving as a destination for our fast-growing community to experience and purchase OnePlus products," Vikas Agarwal, General Manager, OnePlus India, said in a statement.The store is part of the smartphone player's focus on creating […]

  • Gadkari has a killer plan to reduce your petrol bill
    on January 20, 2018 at 6:24 am

    MUMBAI: Union transport minister Nitin Gadkari Friday pushed for greater usage of biofuels to reduce India's annual oil import bill of Rs 7 lakh crore, putting the onus on local car makers to make more vehicles that can run on fossil-fuel substitutes. The minister's exhortation comes a day after the GST Council recommended reducing the producer levy on biofuels to 12% from 18%, a move seen to simultaneously support the farm sector and use cash saved on oil imports to help achieve New Delhi's […]

  • Potential Buffett heir reveals the start of his Berkshire stake
    on January 20, 2018 at 5:58 am

    By Noah BuhayarGreg Abel is seen by many analysts and investors as the likeliest candidate to one day lead Berkshire Hathaway Inc. The latest disclosure on his stock holdings offers just a glimpse of his potential stake in Warren Buffett's sprawling company.A regulatory filing on Friday shows Abel indirectly holds about $2.1 million of stock in the Omaha, Nebraska-based company. But a separate disclosure last year noted an agreement that could catapult his holdings higher. That filing showed he […]

  • 10,500 is fair value for Nifty but 8800 can’t be ruled out: UBS
    on January 19, 2018 at 6:28 am

    Talking to ET Now, Gautam Chhaochharia, ED & Head of India Research, UBS, says if oil spurts further, if economic recovery can't be seen even from a lower base and earnings fail to catch up, Nifty at 8800 could become a possibility.Edited excerpts: The markets are at an all-time high and as I go through your earlier notes, your 2018 Nifty target of 10500 has already been met, but you do have an upside scenario for the Nifty pegged at 11900 and a downside of 8800 as well. What do you think […]

  • Robotic Process Automation will generate nearly two lakh jobs in India by 2021
    on January 18, 2018 at 1:47 pm

    Nearly two lakh Robotic Process Automation (RPA) led jobs are expected to be generated in the country by 2021, Daniel Dines, CEO and Co-Founder of UiPath, a Bangaluru-based software company, said today.India is in prime position to become a RPA powerhouse because of its growing talent pool and cost advantage, Dines said in a company release here.RPA has been gaining traction as a way of automating repetitive, tedious tasks to handle higher-value analysis and decision-making, he said."India is […]

  • VHP's Praveen Togadia gets support from unlikely allies - Hardik Patel, Congress
    on January 16, 2018 at 12:18 pm

    Terming VHP leader Pravin Togadia's claim that he apprehended a plot to kill him in a police encounter as a "serious issue", opposition Congress in Gujarat today sought an inquiry.Congress leader Arjun Modhwadia met Togadia at a city hospital where the Vishwa Hindu Parishad leader was admitted yesterday in an unconscious state.Apart from Modhwadia, a vocal critic of the VHP's Hindutva ideology, Patidar quota agitation leader Hardik Patel also met Togadia separately.Togadia, the VHP's […]

  • Ex-ISRO chief gets bail in Rs 578-cr illegal gains case
    on December 23, 2017 at 7:03 am

    Former ISRO chairperson G Madhavan Nair was today granted bail by a Delhi court in the sensational Antrix-Devas deal case in which a loss of Rs 578 crore was caused to the exchequer.Special Judge Santosh Snehi Mann granted the relief to Nair on a personal bond of Rs 50,000 and two sureties of the same amount.During the proceedings, the CBI informed the court that two accused could not be served summons as they had settled in the US, and the process was still on to execute the summons to […]

  • Council may bring petrol, realty under GST in future: PM Modi
    on December 14, 2017 at 11:29 am

    All powerful GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar Finance Minister Sushil Modi said here."Electricity, real estate, stamp duty and petroleum products should become part of GST (Goods and Services Tax). This would be our (GST Council) endeavour," he said at the annual meet of industry chamber Ficci.He, however, said it would be difficult to specify any timeline for this to happen.Inclusion of these can […]

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