Amidst the economic slowdown fluster, the Canadian giant Fairfax Financial is looking to invest $5 Billion into the Indian market in the next 5 years. The company’s CEO Prem Watsa, while on a one-day visit to India, brought forward the idea. A Hyderabad-born Billionare, Mr. Watsais extremely influenced by India’s potential to become a global […]
India’s corporate sector likely to witness some relief in tax policy
As per the report of a panel set up by the government to review the Direct Tax Code (DTC), India is likely to witness the much-awaited changes in its income tax rules by the upcoming fiscal year. Upon implementation, their recommendations are expected to supplant the existing Income Tax Act of 1961. However, the news […]
2G mobile services reinstated in 5 Jammu districts, more restrictions could be lifted soon!
On a move to ease restrictions, Governor Satya Pal Malik’s administration on Saturday morning decided to restore mobile internet services across 5 of the 10 districts in otherwise peace Jammu division. According to the sources, 2G internet services has been reinstated in Jammu, Reasi, Kathua, Samba and Udhampur districts. However in the remaining 5 districts […]
Renault India: Global launch of Triber on August 28
As stated by a top official, Renault India, the French automobile joint is introducing three new vehicles, including an electric vehicle by 2022. Venkatram Mamillapalle, country CEO and managing director of Renault India Operations said that the global launch of Triber will happen on August 28, followed by a new model code-named HBC next year. […]
Nirmala Sitharaman meets Real Estate Developers to discuss revival plans
In order to press for a special package to revive the reality sector, the housing industry representatives recently met Nirmala Sitharaman, Finance Minister of India. Apart from the government officials, the Minister of State – Finance and Minister of Housing and Urban Affairs also attended the two-hour meeting. The councils that represented the delegation are […]
Google partners with Prasar Bharti for live coverage of nationally important days
Earlier on Tuesday, 13 August, Google announced that it is planning a continuous long – term collaboration with Prasar Bharti. This collaboration will ensure live coverage on YouTube and Google Search for events that are important on a national scale like telecast of National Independence Day and Republic Day. A recently released statement announced that […]
Reliance all set to pave path for Tiffany in India
The iconic American jeweller Tiffany that is well known for its amazing diamond rings is planning to open its first store in Delhi this year and one in Mumbai the next year. In a recent statement, Tiffany clarified that discussions are going on to open new stores in Delhi in the fiscal year 2019 and […]
DBS Bank India comeback: To focus more on SME and consumer business
DBS Bank has decided to focus more on SME and consumer business and is looking at tripling its balance sheet in the next five years. In 2018-19 FY, DBS has returned to profitability in 2018-19 and is now all set for its rapid growth. CEO of DBS Bank Surojit Shome said “One of the better […]
India bags 4th position in Business Optimism
According to a recent survey, Indian economic growth could be headed towards a surge as a whopping 64 per cent of corporates are optimistic about the country’s economic growth over the next 12 months. India has been ranked fourth in business optimism. Approximately 64 per cent of corporates are optimistic about the country’s economic growth […]
WhatsApp’s to launch its payment service soon
Will Cathcart, Global Head of WhatsApp recently announced that they are all set to launch their UPI-based Pay service for over 300 million users in India this year. WhatsApp launched a test run of its payments service with one million users in the country in 2018 that got stuck in the digital payments’ guidelines. Now, […]