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MNP shocks Reliance Communications August 13, 2014 17:00
Anil Ambani's Reliance Communications is the biggest loser in the Mobile Number Portability [MNP] that was introduced in the country couple of years back. Telecom Minister Ravi Shankar Prasad said in Parliament that over 10…
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Flipkart's Bansals in the elite league July 30, 2014 15:45
E-Commerce platform Flipkart founders Sachin Bansal and Binny Bansal are now inching close towards becoming as rich as Infosys co-founders Narayana Murthy and friends. The duo Bansals hold 15 percent of stake worth USD 1…
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USD 579 mn penalty on Reliance July 14, 2014 17:56
The Central government has slapped Reliance Industries [RIL] with an additional penalty of USD579 millions for producing less than targeted natural gas from its Krishna-Godavari [KG] D6 block. With this the total penalty on RIL…
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3 out of 10 Indians are poor July 07, 2014 17:15
The Rangarajan Panel on the measurement of poverty reported to the Central government that three out of ten Indians are poor and also stated that people spending below Rupees 47 in cities are considered as…
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Preetha Reddy will be future chairman of Apollo July 04, 2014 17:29
Apollo Hospitals founder and chairman Prathap C Reddy said that his daughter Preetha Reddy is likely to succeed him as the chairman of the group and added that the ownership shares of the Apollo Hospitals…
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WalMart debuts in Hyderabad July 02, 2014 14:57
WalMart India on Tuesday launched its online wholesale portal services in Hyderabad and Lucknow cities. After the launch the company released a statement which said this e-commerce platform will offer wide range of products with…
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Nita Ambani joins Reliance Industries June 18, 2014 18:39
Mukesh Ambani's wife Nita Ambani has officially joined the Reliance Industries Ltd [RIL] today. Her appointment was confirmed in the Annual General Meeting [AGM] held today in Mumbai. With this, Nita is the first woman…
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Inflation hits five months high June 16, 2014 14:58
The Wholesale Price Inflation rose to 6.01 per cent for the May month said the government data on Monday. This is driven by higher food and fuel costs and with Iraq crisis, India is likely…
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India had 1.75 lakh millionaires June 10, 2014 17:37
The Boston Consulting Group's 14th annual report on the global wealth-management industry 'Riding a Wave of Growth: Global Wealth 2014' said India had 175,000 millionaire households in 2013, ranking 15th in the world. India improved…
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Stock Markets end positive June 09, 2014 16:52
The Stock Markets started the week on positive note, both Bombay Stock Exchange and Nifty touched new highest today. BSE gained 183 points while Nifty crossed 7,600 and ended above it. The Markets were completely…
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RBI holds Rates June 03, 2014 11:51
Reserve Bank of India [RBI] kept interest rates unchanged at 8 per cent in Governor Raghuram Rajan's first monetary policy announcement after a change in government in the centre. However the Central Bank has cut…
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Reliance buys Network 18 May 30, 2014 16:48
Reliance Industries Ltd. [RIL] will acquire popular television news channels CNN-IBN, IBN7, CNBC-TV18 and Lokmat, and also the entire clutch of ETV channels for Rs. 4,000 crore. The announcement was confirmed by the Network 18…
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