The Supreme Court on Thursday asked the CBI to look into the allegation of "unnecessary" purchase of 111 aircrafts and leasing of some other by Air India between 2004 and 2008 when the Congress-led UPA was in office costing Rs 67,000 crore to the exchequer....
Union Finance Minister Arun Jaitley on Thursday said that the government's initiatives, including demonetisation, to eliminate the shadow economy and tax evasion will positively impact the GDP and fiscal consolidation of the country in the long term. "The government's measures to eliminate the shadow economy and tax evasion are e...
Demonetisation may lead to a temporary slowdown of the economy, President Pranab Mukherjee said on Thursday. "Demonetisation, which immobilizing black money and fighting corruption, may lead to temporary slowdown of the economy," the President said in an address on video to Governors and Lt Governors. "We all will have to be extra careful to alleviate...
India's Permanent Representative Syed Akbaruddin has questioned in a cryptic Tweet the fairness of the composition of a panel dominated by developed nations on sustainable development that Ban Ki-moon set up in his final moments as Secretary General. The UN announced the creation of the committee of "eminent scientists and ex...
Domestic mobile wallet platform MobiKwik on Thursday announced it will set up offices in 13 cities by the end of the first quarter of 2017 and hire over 1,000 people to drive business growth. The expansion will enable 150 million users in India transact with the MobiKwik platform by early 2018. "We will invest over Rs 50 crore in setting up new offices ...
Amazon on Thursday announced that the 'Fulfillment by Amazon' (FBA) service delivered more than two billion items for sellers worldwide last year. FBA items shipped worldwide grew more than 50 per cent during the holiday season while 'Prime' members ordered millions of items from sellers in the 'Seller Fulfilled Prime' programme offering free two...
A Kochi based knowledge initiative group will launch six schools across Kerala in the next three years, with the first one to be opened in Kannur later in January, an official said. The Great Indian Knowledge Initiatives Ltd. is promoted by a group of young educational entrepreneurs led by N.K. Sajiv Menon. "We are envisaging an ...
Google CEO Sundar Pichai on Thursday expressed confidence that big global software companies will start emerging from India in the next five to 10 years. "In five- to 10-year time frame, we will see big global software companies coming out of India and we will be used to it," Pichai said interacting with students at his alma mater IIT-Khar...
Reacting to media reports about the quantum of demonetised currency that has been returned to the banks, the Reserve Bank of India on Thursday said such estimates may not be correct. The RBI said the aggregating of accounting entries made at the various currency chests still requires to be reconciled with the actual cash balanc...
New Delhi, Jan 5 (IANS) Mobile payment and e-commerce platform Paytm on Thursday said it has tied up with major retail brand outlets across the country to expand its offline merchant network with an aim to assist customers during the year-end shopping season. The company said its new tie-ups cover a wide range of categories, including apparel and accesso...
