The Reserve Bank of India’s (RBI’s) proposal to allow large corporate houses to set up banks is a “bombshell”, former RBI governor Raghuram Rajan and ex-deputy governor Viral Acharya wrote in a joint article on Monday.
Bounce, a Bangalore-based startup that operates over 20,000 electric and gasoline dockless bikes and scooters in nearly three dozen cities in India, said today it has raised $105 million in new funding round as it explores sustainable ways to expand… Read More ›
NEW DELHI (Reuters) – Walmart Inc, the world’s largest retailer, has fired 56 of its executives in India as it restructures in the country. The move underscores the challenges Walmart has faced in expanding its wholesale business in India. The… Read More ›
Recently we have written a lot about Air India and its struggles, as well as Etihad’s interest in acquiring the airline. To stretch it further, 2019 overall was a tough year for the Indian aviation market, as Jet Airways ended its operations and IndiGo… Read More ›
According to an airline official, discussions are underway to resolve the matter and Air India has already paid Rs 60 crore as a lump sum. New Delhi: State-owned oil marketing firms on Thursday evening stopped fuel supply to national carrier Air… Read More ›
Amazon said that the building even has 2.5 times more steel than the Eiffel Tower, measured by weight. A year after Swedish giant IKEA opened its first-ever store in India in Hyderabad, the city now has the distinction of hosting… Read More ›
Maruti to phase out all diesel cars from April next year Maruti Suzuki garners nearly 23% of its annual sales from diesel cars The carmaker also today announced a hike in prices of some of its models Maruti Suzuki, the… Read More ›
Under Indian law, companies had to pass on the benefits to customers after the government reduced GST to 18 percent from 28 percent. Indian tax authorities have alleged that a number of big multinational companies have not passed on benefits… Read More ›