Sunday , June 25 2017

Business News

Bharat Petroleum plans to enter travel business with Happy Roads

Bharat Petroleum

Bharat Petroleum plans to enter into travel business with Happy Roads start-up, which is aimed at helping travelers plan and execute road trips. India’s second largest oil marketing company Bharat Petroleum Corp. Ltd (BPCL) is planning to enter the travel business with its personal travel offering, Happy Roads, which would help ...

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Indian Rupee Hit 16-month high Against US dollar

Indain Rupee

The Indian rupee rose against the U.S. dollar on the eve of a widely-anticipated Federal Reserve rate hike. The rupee was trading at 65.69 per dollar, the highest level in 16 months. The Indian rupee continued its stellar run against the United States dollar to finish at a fresh 16-month ...

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Gujarat enters into E-marketplace for small and large business units

B2B e-marketplace

Gujarat government entered into an agreement with CloudBuy.com to provide E-marketplace for businesses and make a digital economy in the state. The Gujarat administration has entered into B2B e-commerce space by a contract with a global cloud-based solutions provider cloudBuy.com to develop a B2B marketplace for accelerating its growth in ...

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RBI removes cash withdrawal limit

RBI

RBI removed the limits on cash withdrawals from savings bank account post demonetisation of high denomination currency notes ended on Monday. The Reserve Bank of India (RBI) gave Indians a Holi gift and removed all the restrictions on saving bank cash withdrawals from banks as well as ATMs put after the ...

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Holding old notes is Illegal, says Centre

Demonetised notes

The central government told the supreme court, holding old notes of Rs 1,000 and Rs 500 after the deadline of December 31 is “illegal”. The central government informed the Supreme Court that holding old notes cof Rs 1,000 and Rs 500 after the deadline of December 31 is “illegal.” Attorney General Mukul ...

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TDSAT reserves order on appeal for stay on Jio promo offer

Reliance-Jio

Telecom Tribunal TDSAT reserved its order on an interim appeal seeking a stay on Reliance Jio’s free promotional offer. The appeal sought to restrain the telecom operator Reliance Jio from providing its users the zero tariff plan and promotional offers. Telecom tribunal Telecom Disputes Settlement and Appellate (TDSAT) today reserved its order ...

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Gold sales won’t fall any more, says WGC

Gold

According to WGC reports, the demand for the gold is unlikely to fall and Indian consumers are likely to buy between 650 tonnes and 750 tonnes of gold in 2017.  The industry body World Gold Council (WGC) on Wednesday said that the gold demand is improbable to decrease further from the current ...

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India loses 11 billionaires after Demonetisation:Hurun Global Rich list report

Mukesh Ambani

Hurun Report says that demonetisation impacted on India’s Eleven Top Billionaires whose wealth declined, while  Mukesh Ambani retains his position as the richest Indian, with estimated wealth of $26 billion and ranks 28th position Globally. Hurun Global Rich List says that the number of billionaires in India fell after demonetization. Flipkart founders ...

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US decision on H1-B visas will impact IT companies: Nasscom

NASSCOM

Nasscom said it will work with the UnitesStates Embassy in India to ensure that movement of professionals is not hit by such process issues. The trade association of Indian Information Technology and Business Process Outsourcing industry-National Association of Software and Services Companies (NASSCOM)  said, United States decision to temporarily suspend the premium processing of H1B visas ...

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