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E-commerce contributed 12 per cent to the total international sales of Walmart and this was led by Flipkart and online grocery sales in several markets.

Flipkart also moves HC against CCI investigation

In its petition, Flipkart claimed that the CCI probe is without initial evidence on whether the company's practices were...

22 Feb 2020 6:33 AM IST

Rajya Sabha MP Subramanian Swamy. (Photo: PTI)

GST madness of century: Subramanian Swamy

Swamy also hit out at regular amendments of the GST Act and forms.

20 Feb 2020 3:55 AM IST

Union Railways Minister Piyush Goyal (Photo: File)

Exporters not keen on GSP restoration

Exports to US goes up after withdrawal of benefits.

20 Feb 2020 3:47 AM IST

Photo shows delivery workers for Chinese e-commerce giant JD.com sort out parcels at a distribution center in Beijing, China. AP photo

Covid-19: Chinese resort to online food delivery

China's government told the public to stay home as part of the most sweeping anti-disease controls ever imposed

19 Feb 2020 12:16 PM IST

Five individuals, who were kept at the Armys Base hospital after showing symptoms of cough and cold, have tested negative for coronavirus.

India least vulnerable to coronavirus in Asia: Nomura

The deeper slowdown in global growth is likely to weigh on exports and investment growth, Nomura said.

19 Feb 2020 7:03 AM IST

In first such initiative, Srei Equipment Finance Limited, an arm of Srei Infrastructure Finance Limited (Srei), has teamed up with United Bank of India to jointly offer loans to MSME sector and retail customers under a co-lending arrangement.

Srei Equipment, Uco Bank to offer joint loans

Uco Bank's strong track record and wide reach, especially in eastern India, makes us confident about the success of this...

19 Feb 2020 6:59 AM IST

A top IRDAI source told Financial Chronicle that the meeting was held in Hyderabad on February 19 and it was attended by 26 chairmen of both life and non-life insurance companies.

India will need over 1,000 actuaries: Irdai

Khuntia also said Irdai has not yet received any official proposal from LIC to list on the bourses.

19 Feb 2020 6:56 AM IST

On observing certain irregularities and fraudulent activities, Sebi passed an interim order against the company and its promoters in December 2011 and passed a final order in December 2013.

Sebi circular to prevent Karvy-like incidents soon

Regulator cleared the norms for regulatory sandbox. It will allow live testing of new financial products

18 Feb 2020 5:30 AM IST

Export of plain gold jewellery to Turkey zoomed multiple times to $54.31 million in April-December 2019 against a meagre $2.79 million during April-December 2018, as per the data of Directorate of General of Foreign Trade.

Turkish buyers return to India for jewellery

As per industry estimates, Turkish agents would have been buying more than $200 million worth Indian gold jewellery from...

17 Feb 2020 5:35 AM IST

The number of cases admitted to NCLT in 3QFY20 was 561; second highest till date with 50 per cent from financial creditors.

IBC cases: Haircut rises to 88 per cent in Q3

While the amount yielded on resolution as a percentage of liquidation value is high at 200 per cent, it has been...

17 Feb 2020 5:31 AM IST

Finance minister Nirmala Sitharaman and RBI Governor Shaktikanta Das arrive for the RBI central board of directors in a customary post-budget meeting, in New Delhi on Saturday. PTI photo

Transmission of rate cuts will improve further: Shaktikanta Das

His comments come against the backdrop of concerns over growth of the economy, which has registered a spike in inflation

15 Feb 2020 2:14 PM IST

Taoyuan mayor Cheng Wen-tsan (L) takes part in a Taoist ceremony to prevent the COVID-Coronavirus at the Longde temple in Taoyuan. AFP photo

Generic drug ingredients supply from China may stop over Coronavirus

Indian companies procure almost 70 per cent of the active pharmaceutical ingredients (APIs) for their medicines from...

15 Feb 2020 1:42 PM IST