Jio added most subscribers in Nov 2018, followed by BSNL: TRAI

New Delhi (IANS): Reliance Jio led the subscription race in November 2018 adding around 88.01 lakh subscribers across the country, the highest among all the telecom service providers.

Data released by the Telecom Regulatory Authority of India…

Centre dismisses two PNB Executive Directors

Chennai (IANS): The Central government has removed two Punjab National Bank (PNB) Executive Directors -- Sanjiv Sharan and K.Veera Brahmaji Rao -- for the lapses in the Rs 13,500 crore fraud allegedly perpetrated by absconding diamantaire Nirav Modi.

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…

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.

…

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…

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…

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…

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…

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…

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…