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CAIT demanded immediate action against policy defaulter e-commerce companies and impose ban on working of their portal.

Business

E-commerce's cash-burn rate to shrink by a third by 2023

As of 2018, the e-commerce companies burned $3.6 billion to earn a GMV of $24 billion.

16 March 2019 1:29 AM IST

Fund managers believe mutual funds, which are considered popular and convenient investment tools, have advocated asset allocation-based strategies to make the journey smoother for investors.

Business

FPIs shift to GIFT City, boost market moves

Recent fund flows seen coming from new players.

16 March 2019 1:28 AM IST

In an earlier report, the committee had recommended the option of handing over the management of BSNL and MTNL to those professionals who have a proven track record of facing a stiff competitive environment coupled with efficient management of finances, equipment, manpower and modern marketing strategies.

Business

BSNL clears February salaries of employees: CMD

BSNL CMD had said on Thursday that the telco was using internal accruals of Rs 850 crore to clear the February salary.

15 March 2019 6:40 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Business

Rupee rallies 24 paise to 69.10 vs USD on robust foreign inflows

Forex traders said, the rally in the Indian markets was led by strong FII buying on account of reduction in geopolitical...

15 March 2019 6:27 PM IST

$\The investment committee of the board of directors of the company has approved the proposal to acquire 100 per cent shareholding in M/s K-Vision Co., Ltd through its wholly owned subsidiary ie Mahindra Engineering Services (Europe) Limited,\ Tech Mahindra said in a note. (Photo: ANI)$ Business

Tech Mahindra to acquire K-Vision for USD 1.5 million to expand 5G...

The deal between Tech Mahindra and K-Vision was signed on Thursday and is expected to close by end of this month.

15 March 2019 6:19 PM IST

AirAsia India has expanded its fleet size to 18 planes with the induction of a new Airbus A320, which will help it add new routes and enhance the frequency between Kolkata and Bagdogra.

Business

AirAsia to launch Mumbai-Kolkata daily flight from Apr 15

AirAsia currently operates to 19 domestic destinations with a fleet of 20 Airbus A320 planes.

15 March 2019 5:49 PM IST

The benchmark Sensex pared some gains and were trading higher by 0.69 per cent or 233.02 points at 34,080.25 at 0955 hrs. (Photo: File)

Business

Bull run continues at stock markets, Sensex past 38,000 mark

BSE Sensex moved 269 points up to close at 38,024, while the NSE Nifty 50 was up 84 points at 11,427.

15 March 2019 5:24 PM IST

This amount will be used to focus on multi-client warehouses, the company said. (Photo: Pixabay))

Business

FM Logistic to invest USD 150 million in India for warehouses

The company plans to expand to five cities including four metropolitan cities.

15 March 2019 4:58 PM IST

$\I am confident that with his experience, Purushothaman will also induce marketing and sales focused work culture; which is equally important for the overall brand reputation and growth of an organisation,\ K7 Computing founder and CTO, J Kesavardhanan said in a statement.$ Business