Government’s nominee on ICICI Bank board transferred

The government has transferred bureaucrat Lok Ranjan, its nominee on the board of the controversy-hit ICICI Bank, from the Finance Ministry to the Department of Personnel and Training. According... Read more »

Bank unions announce 48-hour strike from May 30

Over 10 lakh bankers in government and private banks will go on a 48-hour strike starting on May 30, said an All India Bank Employees Association (AIBEA) leader. The... Read more »

Ericsson launches customised network solutions for Indian market

Telecommunications service provider Ericsson on Thursday introduced a new category of radio products called Street Macro in India to enable a smooth evolution from 4G to 5G. Street Macro... Read more »

April domestic passenger car sales up by 5%: SIAM

The Indian automobile sector’s sale of domestic passenger cars grew by 4.89 per cent in April, data showed on Thursday. As per the data furnished by the Society of... Read more »

Access to institutional finance, ECB will attract more investments in India: National Housing Bank, CEO

Easy and dedicated access to institutional financing, higher limit on external commercial borrowings (ECB) will attract more investments and assure sustained growth of affordable housing in India, making it... Read more »

CAIT begins campaign to promote digital transactions

The Confederation of All India Traders (CAIT) on Thursday launched a nationwide campaign to support the Union government’s target of 30 billion, in 2018-19. According to CAIT Secretary General... Read more »

Walmart Buys 77% Stake In Flipkart

Walmart Inc. has announced that it has signed definitive agreements to become the largest shareholder in Flipkart Group (“Flipkart”). The investment will help accelerate Flipkart’s customer-focused mission to transform... Read more »

Fino Payments Bank brings digital banking closer to Bharat customers

Having made its presence felt with a strong tech-enabled physical network, Fino Payments Bank on Wednesday announced the launch of digital services suite. This allows Fino to expand its... Read more »

Equity indices close flat; consumer durables, IT stocks rise

After a largely volatile session, the key Indian equity indices provisionally ended Wednesday’s trade on a flat-to-positive note supported by healthy buying in consumer durables, IT and capital goods... Read more »

Amazon invests Rs 2,600-crore more in India to take on Walmart

World’s largest e-commerce player Amazon has invested an additional Rs 2,600 crore in its India operations ahead of the US retail giant Walmart taking over the country’s e-tail major... Read more »