Category Archives: Economy

Fortis Feud: Shivinder Singh sues Brother Malvinder Singh

Former Fortis Healthcare promoter Shivinder Mohan Singh has filed a court case against his brother Malvinder Singh and family friend Sunil Godhwani for mismanagement of the company and putting it into a trap of debts. Shivinder also alleged that his brother forged his wife’s signature to conduct perpetrated illegal financial transactions. Shivinder filed a petition […]

IndiGo Sale: 10 Lakh flight tickets fares starting for just Rs.999

Budget carrier IndiGo on Monday announced its flash sale of 10 lakh promotional seats for all-inclusive fares starting for just Rs.999 (one-way trip) across its flight network. The four-day sale will be effective for a limited period travel between September 18, 2018 and March 30, 2019. The four-day flash sale will begin from Monday. The […]

PM Narendra Modi launches Post Payments bank today

In another step towards financial development, the Department of Post under the Ministry of Communication launched Post payments bank on September 1. The bank was inaugurated by Prime Minister Narendra Modi at Talkatora Stadium in New Delhi. Under the plan, India Post Payments Bank (IPPB) will operate through 650 branches and 3250 access points across […]

Indian Rupee hits all time low; here’s how it will impact every household

Indian Rupee hits the all-time record low of Rs.70.82 against per US dollar on Thursday. At the Interbank Foreign Exchange (Forex) market, Indian currency opened a bit higher at 70.57 a dollar from its previous close of 70.59, but slipped to hit a fresh low of 70.82, down by 23 paise. How it will impact […]

India rupees hit the record low Rs.70.82 against per dollar

Indian Rupee weakened to record low of Rs.70.82 against per US dollar on Thursday. At the Interbank Foreign Exchange (Forex) market, Indian currency opened a bit higher at 70.57 a dollar from its previous close of 70.59, but slipped to hit a fresh low of 70.82, down by 23 paise. Forex traders believe that beside […]

Centre plans to offer Rs.1.4 lakh subsidy for each electric vehicle

The government is planning to offer a direct subsidy for each electric vehicle, in order to promote environmental-friendly vehicles. So, as of now, it is going to be a good idea to buy an electric vehicle including 2 and 3 wheelers as those buying from the Tata and Mahindra can hope to get a subsidy […]

Mukesh Ambani and Jack Ma to join hands for Reliance Retails

Mukesh Ambani at Reliance Industries’ 41st Annual General Meeting held in July said that RIL sees its biggest growth opportunity in creating a hybrid, online-to-offline new commerce platform. Ambani has been looking for an e-commerce partner and more than a month later the annual shareholder’s meeting, he have finally found the one. Alibaba co-founder Jack […]

Infosys Chief Finance Officer MD Ranganath surprisingly resigns

Chief Financial Officer MD Ranganath made a shocking resignation to Infosys Ltd. to pursue “professional opportunities in new areas”. He will remain CFO until November 16. The board of Bengaluru-headquartered Infosys said in a stock exchange filing on Saturday it had accepted the resignation of CFO MD Ranganath, appointed to the post in 2015. The resignation […]

Centre unlocks Rs.66000 crore to increase forest cover

After two years of enacting law, the Central Government has finally approved Rs.66000 crore to increase forest cover of the country and has also notified the regulations to the states and Union Territories for utilising the fund. The centre has also set up the authorities to monitor its use for afforestation and conversation. The fund […]

Government hikes import duty on textile products

The Centre Government on Tuesday raised import duty to 20% on around 328 textile products (including garments, scarves, baby garments, pyjamas, and carpets) as a part of its strategy plan to support the ‘Make in India’ initiative and domestic manufacturers. The import duty hike will make the imported products costlier, as a result of which, […]