Hero Cycles to invest Rs 400 cr in hi-tech cycle valley

Chandigarh (IANS): Leading brand in cycles, Hero Cycles, will invest around Rs 400 crore in the Hi-Tech Cycle Valley project in Punjab, Chief Minister Amarinder Singh said here on Friday.

Hero Cycles on Friday signed an agreement with the Punjab…

Sensex turns red, banking stocks fall out of favour

Mumbai (IANS): Reversing early gains, major indices traded lower during Thursday afternoon's trade session. The benchmark Sensex declined over 60 points while the Nifty slipped below the 10,900-mark.

According to market participants, investors…

Startups, investors get angel tax relief

New Delhi (IANS) In a big boost to startups and their investors, the government has liberalized the norms including doing away with the need for an inter-ministerial committee's approval for availing angel tax exemption.

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India set to lead digital transformation race: Microsoft India President

Bengaluru (IANS): In a renewed push for Artificial Intelligence (AI) and its use cases in India, Microsoft India on Wednesday said there is highest penetration of AI skills among the workforce that will fuel digital transformation in the country sooner…

Cabinet approves Rs 6,000 recap of EXIM Bank

New Delhi (IANS): The Union Cabinet on Wednesday approved capital infusion of Rs 6,000 crore in Export-Import Bank of India (EXIM Bank) through recapitalisation bonds to boost the bank's capacity in export financing.

"The EXIM Bank…

J'khand govt increases the registration limit for GST from 20 lakh to 40 lakhs

Ranchi: 80 thousand small and medium traders in Jharkhand will not have to pay GST. In the state, the registration limit for GST has been increased from 20 lakh to 40 lakhs. Chief Minister Raghubar Das has given directive in this regard to the Commerce…

Equity indices open in red, Sensex down 170 points

Mumbai (IANS) The key Indian equity indices opened in the negative territory on Monday with the S&P BSE Sensex losing over 170 points.

All the sectoral indices on the BSE traded in the red except the IT and Teck stocks.
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India's December wholesale inflation eases to 3.80%

New Delhi (IANS) India's annual rate of inflation based on wholesale prices eased to 3.80 per cent in December 2018 from 4.64 per cent in November, official data showed here on Monday.

However, on a year-on-year (YoY) basis, the Wholesale…

CEO of Flipkart's arms Myntra, Jabong Ananth Narayanan quits

Bengaluru(IANS) The Chief Executive of Flipkart Group's e-tail portals Myntra and Jabong, Ananth Narayanan, has stepped down from the post, the companies said on Monday.

"Ananth has decided to step down as the Chief Executive…

RBI cautions government over NPA spike in MUDRA loans

New Delhi (IANS) The Reserve Bank of India (RBI) has raised a red flag on the spike in non-performing assets (NPAs) under the government's flagship scheme to support micro-enterprises in the country -- the Pradhan Mantri Mudra Yojana.