Wednesday , August 23 2017

Business News

Demonetisation impact: Over 60,000 depositors under IT lens

Demonetisation impact seocnd phase of OCM

Income-tax department said that it is launching the second phase of Operation Clean Money and identified 60,000 persons who made excessive cash deposits during demonetisation period. After the note ban, 60,000 persons have deposited the excessive cash and most of the people dealing with the high-value property, said Income tax ...

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Infosys appoints Ravi Venkatesan as Co-Chairman and the firm to payout $2 billion to the shareholders

Infosys

Infosys today announced Independent director Ravi Venkatesan as co-chairman and the company return up to $2 billion to the shareholders during 2017-18. Infosys had reported a marginal growth of net profit of Rs 3,603 crore by the end of the quarter March 2017. The firm said on Thursday that it ...

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Reliance Jio launches new “Dhan Dhana Dhan” Offer for Rs 309

Reliance Jio new Dhan Dhana Dhan offer

Reliance Jio has come up with new Dhan Dhana Dhan offer, after withdrawing the Summer Surprise Offer which is against the regulatory framework. After the advice from Telecom Regulatory Authority of India (TRAI) the telecom operator Reliance Jio has withdrawn its Summer Surprise Offer and now the company came up ...

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FlipKart acquires eBay Indian Business

FlipKart to Buy eBay Indian Business

eBay has  sold its Indian Business to Flipkart by making a cash investment of $500 million. India’s largest e-commerce website Flipkart is signing an agreement with E-Bay, where the Flipkart is going to buy the e-bay the operations in India. eBay is making a cash investment of USD 500 million ...

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Central Bank of India customer wins Rs 1 crore under Digital Payments promotion scheme

Digital Transactions

Under digital payments promotion scheme, Pranab Mukherjee picked six lucky winners out of them three are customers and three are merchants. The Government’s Promotional Scheme to Popularise the digital payments has bagged a Customer of Central Bank of India to win a Jackpot of Rs 1 Crore for making the ...

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OMCs: Price of Petrol and Diesel may change daily

Petrol and Diesel prices change daily

The Oil marketing Companies are planning to roll out the idea of fuel pricing daily for petrol and diesel. The oil companies are planning to change the price of both Petrol and Diesel on daily basis depending on the prices of the International Market and current exchange rate. New Delhi: ...

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Reliance Jio withdraws Summer Surprise offer after TRAI’s advice

Reliance Jio ends Summer surprise offer

TRAI said that the Reliance Jio Summer Surprise offer is not in accordance with the regulatory framework and asked to withdraw it. Telecom Regulatory Authority of India (TRAI) advised the telecom operator Reliance Jio to withdraw its Summer Surprise Scheme as it was not in accordance with the regulatory framework. ...

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Softbank may sell Freecharge at 50% discount for $200 million to PayTM

FreeCharge for sale

The Mobile Wallet firm Freecharge is up for sale for as low as $150 -$200 million. Reports say that the Softbank backed digital wallet Freecharge is up for sale for as low as $150-$200 million. Freecharge is an E-commerce website in India which provides online recharging facility for the users. ...

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Demonetisation was planned, decision not taken in a day: RBI Ex-deputy governor

Rama Subramaniam Gandhi

Rama Subramaniam Gandhi who was  retired  deputy governor of Reserve Bank of India says that decision on demonetisation was no taken on single day. The Ex-deputy Governor of Reserve Bank of India Rama Subramaniam Gandhi says that normalcy has returned to the currency system where the pace of cash withdrawals ...

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RBI clears proposal to introduce new Rs200 notes

Reserve Bank of India

The Board of RBI cleared the proposal to introduce  the Banknotes of Rs200 and the printing process of the notes will begin after June. After the note ban of Rs 500, Rs 1000 notes in November 2016, the Reserve Bank of India introduced new notes of Rs 500 and Rs ...

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