View in the JustOut app
X

India plans to increase import duties on more than 50 items targeting about $56 billion worth of imports from China and elsewhere, officials and industry sources said. Union finance minister Nirmala Sitharaman could make the announcement when she presents her annual budget for 2020/21 on February 1, along with other stimulus measures to revive sagging economic growth.

01:33:01 on 25 Jan

Read more at CNBC

India plans to increase import duties on more than 50 items targeting about $56 billion worth of imports from China and elsewhere, officials and industry sources said. Union finance minister Nirmala Sitharaman could make the announcement when she presents her annual budget for 2020/21 on February 1, along with other stimulus measures to revive sagging economic growth.

01:30:01 on 25 Jan

Read more at CNBC

After several months of speculations, Zomato announced on Tuesday morning that it had acquired Uber Eats India. The all-stock deal gives Uber 9.99% ownership in Zomato. Uber Eats India will now discontinue operations and restaurants, delivery partners, and users of the Uber Eats apps will be directed to the Zomato platform, effective Tuesday.

11:33:01 on 21 Jan

Read more at Economic Times

After several months of speculations, Zomato announced on Tuesday morning that it had acquired Uber Eats India. The all-stock deal gives Uber 9.99% ownership in Zomato. Uber Eats India will now discontinue operations and restaurants, delivery partners, and users of the Uber Eats apps will be directed to the Zomato platform, effective Tuesday.

11:30:02 on 21 Jan

Read more at Economic Times

In more troubles for Robert Vadra, who is being probed for laundering money in overseas' assets case by the Enforcement Directorate (ED), the central probe agency has arrested NRI businessman C.C. Thampi, officials said on Monday. An ED official told: "Thampi was arrested from New Delhi on Friday evening in connection with its probe involving overseas' assets of Vadra."

04:25:13 on 20 Jan

Read more at Economic Times
Jeff Bezos Promises 10 Lakh Jobs In India

E-commerce major Amazon on Friday said it plans to create one million new jobs in India over the next five years through investments in technology, infrastructure and its logistics network. These jobs are in addition to the seven lakh jobs Amazon's investments have enabled over the last six years in the country.

04:03:02 on 17 Jan

Read more at Economic Times
Jeff Bezos Promises 10 Lakh Jobs In India

E-commerce major Amazon on Friday said it plans to create one million new jobs in India over the next five years through investments in technology, infrastructure and its logistics network. These jobs are in addition to the seven lakh jobs Amazon's investments have enabled over the last six years in the country.

04:00:01 on 17 Jan

Read more at Economic Times

Amid expectations of an income tax rate cut and other stimulus to boost demand as India's economy slows down, Finance Minister Nirmala Sitharaman will present her second Union Budget on February 1. Powered by hopes of a favourable Budget, both the Sensex and Nifty have created fresh records in what seems like a pre-Budget rally in the share market.

07:03:01 on 16 Jan

Read more at Livemint

Amid expectations of an income tax rate cut and other stimulus to boost demand as India's economy slows down, Finance Minister Nirmala Sitharaman will present her second Union Budget on February 1. Powered by hopes of a favourable Budget, both the Sensex and Nifty have created fresh records in what seems like a pre-Budget rally in the share market.

07:00:02 on 16 Jan

Read more at Livemint

The Indian rupee opened marginally higher on Thursday as US and China announced an initial trade deal on Wednesday. Equity benchmark indices were trading at their lifetime highs in the early trade on Thursday. S&P BSE Sensex scaled the 42,000-mark, while broader Nifty 50 index also scaled fresh high after breaching through the previous record.

12:03:02 on 16 Jan

Read more at Financial Express

The Indian rupee opened marginally higher on Thursday as US and China announced an initial trade deal on Wednesday. Equity benchmark indices were trading at their lifetime highs in the early trade on Thursday. S&P BSE Sensex scaled the 42,000-mark, while broader Nifty 50 index also scaled fresh high after breaching through the previous record.

12:00:02 on 16 Jan

Read more at Financial Express

China will boost purchases of U.S. goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies, defusing an 18-month row that has hit global growth. Key world stock market indexes climbed to record highs on news of the deal.

11:09:01 on 16 Jan

Read more at Reuters

China will boost purchases of U.S. goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies, defusing an 18-month row that has hit global growth. Key world stock market indexes climbed to record highs on news of the deal.

11:06:01 on 16 Jan

Read more at Reuters

Amazon CEO Jeff Bezos who is on a 3-day visit to India addressed the Amazon Smbhav event for small and medium enterprises on Wednesday. The CEO said that the company will invest $1 billion in digitising small and medium businesses. "We will invest $1 billion in digitising small and medium businesses and export $10 billion worth of 'Make In India' goods by 2025," he said.

03:33:01 on 15 Jan

Read more at Business Today

Amazon CEO Jeff Bezos who is on a 3-day visit to India addressed the Amazon Smbhav event for small and medium enterprises on Wednesday. The CEO said that the company will invest $1 billion in digitising small and medium businesses. "We will invest $1 billion in digitising small and medium businesses and export $10 billion worth of 'Make In India' goods by 2025," he said.

03:30:01 on 15 Jan

Read more at Business Today

Walmart said on Monday that it has laid off fifty-six of its executives in India. President and the Chief Executive Officer of Walmart India, Krish Iyer, said the fired executives included eight from senior management, according to news agency Reuters. Krish also said that a press report of a second round of layoffs in April was baseless.

05:03:02 on 13 Jan

Read more at National Herald

Walmart said on Monday that it has laid off fifty-six of its executives in India. President and the Chief Executive Officer of Walmart India, Krish Iyer, said the fired executives included eight from senior management, according to news agency Reuters. Krish also said that a press report of a second round of layoffs in April was baseless.

05:00:01 on 13 Jan

Read more at National Herald

Assets worth over Rs 78 crore of former ICICI Bank CEO Chanda Kochhar, including her Rs 3.5 crore flat in Mumbai, and her family have been attached by the ED in connection with a money-laundering probe against them, the agency said on Friday. The ED had slapped money laundering charges against the Kochhars and their business entities in January last year.

06:03:02 on 11 Jan

Read more at The Wire

Assets worth over Rs 78 crore of former ICICI Bank CEO Chanda Kochhar, including her Rs 3.5 crore flat in Mumbai, and her family have been attached by the ED in connection with a money-laundering probe against them, the agency said on Friday. The ED had slapped money laundering charges against the Kochhars and their business entities in January last year.

06:00:02 on 11 Jan

Read more at The Wire

More