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Walmart will invest Rs 900 crore to open 15 outlets catering to wholesalers in Maharashtra.

Business

Optimistic about Indian market despite changes in e-comm FDI policy:...

Walmart may quit Flipkart as the new FDI policy came into effect, which would lower its profitability in the long run.

6 Feb 2019 12:27 PM IST

Balanced mutual funds received more than Rs 47,000 crore. (Photo: Representational/PTI)

Business

MFs pump over Rs 7,000 cr in equities in Jan; FPIs in sell-off mode

The sell-off by FPIs from the Indian equity markets has provided an opportunity to mutual fund managers.

5 Feb 2019 5:02 PM IST

Hindustan Petroleum Corp Ltd (HPCL) on Friday reported 56 per cent drop in the June quarter net profit on account of lower refining margins and inventory losses.

Business

Oil PSU capex drops to 4-yr low for 2019-20

Oil PSUs had invested Rs 89,180 crore in 2014-15.

3 Feb 2019 6:36 PM IST

Business

Tata group, GIC, SSG to invest USD 1.16 billion in GMR Airports

The deal will also provide exit to existing private equity investors that hold a 5.8 per cent stake in the airports...

27 March 2019 10:47 AM IST

In 2017, OLX ran the program across 20 cities touching over 3,000 dealers.

Business

Olx to focus on biz expansion for now; monetisation after clocking...

The company reached break-even in the financial year 2018 with profit after tax of around Rs 15 crore.

25 March 2019 9:18 AM IST

Cab aggregator Ola on Tuesday announced the acquisition of end-to-end public transport ticketing and commuting app, Ridlr.

Business

Hyundai, Kia invest USD 300 mn in Ola for EVs, smart mobility...

Hyundai Motor Group expects to accelerate its transition from a car manufacturer into a smart mobility solutions...

19 March 2019 10:25 AM IST

Business

Ola, Hyundai in talks for USD 300 million fund infusion

The discussions are at an advanced stage and a deal could be closed in the next few weeks.

8 March 2019 4:53 PM IST

$At the Railway Wagon Manufacturers Meet in the city Jindal Stainless Head Sales Vijay Sharma said, \Jindal Stainless holds a 70 per cent market share in the stainless steel wagon segment.$ Business

JSL gets govt nod for private industrial estate

The industrial estate envisages an investment of around Rs 1,532 crore with an employment potential of 19,000 persons.

7 March 2019 3:59 PM IST

SoftBank wrote off 39.28 billion yen in the value of shares in its Indian investments

Business

Grab secures USD 1.46 billion investment from SoftBank Vision Fund

Grab has so far secured around Rs 31,747 crore in funding in its current financing round.

6 March 2019 2:40 PM IST

Philip Morris also signed off on one-time expenses and refurbishment costs incurred by Godfrey on at least two occasions in 2013 and 2014.

Business

Philip Morris paid for India manufacturing despite ban on foreign...

Indian government in 2010 prohibited foreign direct investment (FDI) in cigarette manufacturing.

6 March 2019 2:35 PM IST

Forex dealers said that there was a higher opening in domestic equity market

Business

FPI net inflows in stocks hit 15-mth high of Rs 17,220 crore in...

Foreign portfolio investors had pumped in a net amount of around Rs 19,728 crore into Indian stocks in November 2017.

3 March 2019 11:26 AM IST

Clearing corporations providing services for commodity derivatives will have to ensure guarantee for settlement of trades including goods delivery, markets regulator Sebi has said.

Business

Sebi board approves lowering of fees, easier norms for startups

Sebi's board also approved easing of norms for listing of real estate and infrastructure investment trusts.

1 March 2019 3:12 PM IST