Business India News

BookMyShow, ClearTax associate to help partners get GST ready
New Delhi , June 29 : BookMyShow, which is India's largest online entertainment ticketing player, today announced that it has partnered with ClearTax to enable and empower its valued partners to make a seamless transition into the new GST regime. Read Full Story

Online test prep startup, Oliveboard crosses one million users in India
New Delhi , June 29 : Michael and Susan Dell Foundation funded Oliveboard achieved a major milestone crossing one million registered users on its platform. Very few edtech companies manage a reach of over one million users and Oliveboard has managed this within just few years of its launch. Read Full Story

Here's how to monsoon-proof your car
By Pallavi Aman Singh, New Delhi , Jun 29 : Now, with the monsoons already here, it's time to dust off your umbrellas and raincoats. The rains may break the heat spell, but they end up wreaking havoc on your vehicles and the roads. So, is your favourite speed machine ready to hit the water-logged roads? Read Full Story

Moglix launches affordable SAAS based technology tool 'Green GST'
New Delhi , June 29 : Ratan Tata - backed B2B e-commerce market place Moglix announced the launch of 'Green GST' - a SAAS-based GST application solution for manufacturing units across India. Aimed at improving transparency and digitization in the manufacturing space, the tool will provide organisations with end-to-end Goods and Services Tax (GST) compliance support. Read Full Story

Chowman awarded for "Best Foreign Cuisine Restaurant of the Year-Chinese" and Oudh 1590 for "Best Theme Based Restaurant of the Year"
New Delhi , June 29 : Chowman Chain of Restaurants, and Oudh 1590, Kolkata has been awarded for the "Best Foreign cuisine restaurant of the year - Chinese" and "Best Themed Restaurant of the year" respectively at the Indian Restaurant Awards 2017 - East Edition. Read Full Story

Manupatra launches new venture LawSkills to make legal knowhow accessible
New Delhi , June 29 : Manupatra EduTech has launched its newest venture LawSkills, an online platform with multilingual courses intended to bridge the gap that exists between legal education and profession to create opportunities for young lawyers, legal practitioners and common people alike. Read Full Story

Now, extend your Eid celebrations with Appu Ghar
By Somdatta Saha, New Delhi , June 28 : After an extended weekend, if you are still in that festive mood, then here's a solution for you. Read Full Story

Left no stone unturned in building consensus: Jaitley on GST rollout
New Delhi , June 28 : Finance Minister Arun Jaitley on Wednesday said that all decisions in connection with the Goods and Services Tax (GST) Bill were taken after building consensus with states and political parties. Read Full Story

Centre replaces NELP with Open Acreage Licensing to attract more investors
New Delhi , June 28 : The Centre has replaced the New Exploration and Licensing Policy (NELP) with the Open Acreage Licensing (OAL) under the Hydrocarbon Exploration and Licensing Policy (HELP), aiding the investors looking for exploring hydrocarbons, to select blocks after studying the data available through the national data repository without waiting for a formal bid round from the government. Read Full Story

Beyond Cities: How Airbnb supports rural revitalization in India
New Delhi , June 28 : Airbnb democratizes tourism by bringing its economic benefits to communities that typically haven't shared in these benefits in the past. Read Full Story

YuppTV, Fox Star Studios tie-up; to offer awaited collection of movies on YuppFlix
New Delhi , June 28 : World's largest player for South-Asian content, YuppTV on Wednesday announced its partnership with Fox Star Studios, one amongst the leading production houses of today. Read Full Story

Clovia launches beachwear for women in India
New Delhi , June 28 : Clovia, India's fastest growing lingerie brand has launched its new collection of beach or resort wear perfect for the summer holiday season. The collection features an array of beach dresses, sarongs, kimono cover-ups etc. in fun, flirty, comfy and flowy fits going with the theme. Read Full Story

WittyFeed revamps brand identity; to increase affinity within targeted audience
New Delhi , June 28 : WittyFeed, World's second largest and India's largest content marketing company has rebranded itself and launched a new user interface. The brand also relaunched its logo, tagline and its look and feel keeping the new vision and brand philosophy in mind. Read Full Story

ASUS Republic of Gamers announces ROG Masters 2017 India and APAC Qualifiers
New Delhi , June 28 : ASUS Republic of Gamers (ROG) today announced that the ROG Masters 2017 - India and South Asia qualifiers and the finals will be hosted at The Lalit, Bengaluru on August 19, 2017. Read Full Story

SBI Mutual Fund completes 30 years of inception; to organize blood donation drive across 30 cities
New Delhi , June 28 : SBI Mutual Fund, the fifth largest (by AAUMs) asset management company in the country would be the first Indian Mutual Fund Company to complete 30 years of successful operations on Thursday, June 29, 2017. SBI Mutual Fund was the first bank sponsored Mutual Fund to have been registered under SEBI. Read Full Story

HCL, Parablu partner to offer cloud data protection, management solutions
New Delhi , June 28 : IT service aggregator HCL Infosystems on Wednesday announced a strategic partnership with Parablu, a cloud data protection and management solutions provider. Read Full Story

InFocus launches 'Turbo5' smartphone-cum-power bank
New Delhi , June 28 : Aiming to bounce back into the smartphone segment market in India, InFocus on Wednesday unveiled its latest device 'Turbo5' at Rs. 6,999 for the 16GB version and Rs. 7,999 for the 32GB version respectively. Read Full Story

FreeCharge crosses 500 mn transactions
New Delhi , June 28 : Amidst increasing digital payments preference and awareness amongst consumers, FreeCharge today announced that the number of transactions on its platform has crossed 500 million, with the value of these transactions exceeding USD 1.2 billion. Read Full Story

Fin Min to setup special cell for smooth GST roll-out
New Delhi , June 28 : To brace the successful roll out of the Goods and Services Tax (GST), the Finance Ministry on Wednesday announced setting up of a special cell in the North Block of the Parliament dedicated entirely for the uniform indirect tax system, which will subsume various central, state and local indirect taxes and levies. Read Full Story

IGL should aim to increase business up to 30,000 crore: Pradhan
New Delhi , June 28 : Union Minister of State for Petroleum & Natural Gas Dharmendra Pradhan, has asked IGL to increase its business from existing Rs 3000 Crore to Rs 30,000 Crore. He said that approximately 4.5 Lakh vehicles which use CNG contribute to the Rs 3000 Crore business of IGL. Read Full Story

Marico appoints Ananth Narayanan to its Board of Directors
New Delhi , June 28 : India's leading Consumer Products Group Marico on Wednesday announced appointment of Ananth Narayanan on its Board of Directors as an Additional (Independent) Director. Read Full Story

Amazon launches 'GST Cafes' to train sellers on GST compliance
New Delhi , June 28 : India's leading e-commerce giant, Amazon.in today announced the setting up of 16 'GST Cafes' across 11 cities to help sellers understand the nuances of GST and transition seamlessly through the entire process. In line with Amazon.in's continuous efforts to enable its sellers be GST-compliant, these cafes, available from June 26th, 2017 will be available for a duration of two weeks to train and empower sellers on the implications of the new GST tax. Read Full Story

CASHe leads in fin-tech based personal lending business with over 25,000 customers
New Delhi , June 28 : Aeries Financial Technologies Pvt. Ltd., a fin-tech company promoted by serial entrepreneur and private equity investor V. Raman Kumar, today announced that CASHe, India's fastest growing loan giving app for young salaried professionals has reached a phenomenal milestone of disbursing loans worth Rs. 100 crore to over 25,000 of its loyal customers. Read Full Story

Hydropower projects with 13,363 MW capacity register cost overruns worth over Rs. 52k crore, says study
New Delhi , June 28 : Several hydropower projects with a cumulative capacity of about 13,363 megawatt (MW) are stranded at various stages of project development, resulting in significant time and cost overruns worth Rs. 52,697 crore as of December 2016, noted a just-concluded ASSOCHAM-PwC study. Read Full Story

Kaspersky Lab statement on NotPetya ransomware attacks reported 27 June
New Delhi , June 28 : Kaspersky Lab's analysts are investigating the new wave of ransomware attacks targeting organizations across the world. Read Full Story

SAIC Motor announces set up of first car manufacturing facility in India
New Delhi , June 28 : SAIC Motor Corporation Ltd. on Wednesday announced its plan to enter the Indian automobile market through a fully-owned car manufacturing facility in the country. Read Full Story

ClearTax to release its GST E-Learning course in 20 regional languages
New Delhi , June 28 : As businesses across the country gear up for the GST (Goods and Services Tax) rollout on July 1, ClearTax, India's largest income tax returns e-filing and enterprise compliance service provider, is gearing up to release its GST e-learning course in 20 regional languages including Kannada, Telugu, Tamil, Marathi, Gujarati, Bengali, etc. Read Full Story

Cash Suvidha emerges as a financial lifeline for Indian entrepreneurs
New Delhi , June 28 : In an endeavor to ease out the immediate fund requirements of entrepreneurs, who are starved of institutional credit, Cash Suvidha is increasingly becoming a popular platform for hassle free unsecured loans. Read Full Story

Finova Capital on-boards banking, finance veterans Rahul Sahney and Anurag Agrawal
New Delhi , June 28 : Rajasthan's fastest growing NBFC licensed by RBI, Finova Capital has announced on-boarding Rahul Sahney and Anurag Agrawal as Chief Operation Officer and head of Credit and Operations at Finova Capital. Read Full Story

Rubique breaks the language barrier; goes local to create earning opportunities for all
New Delhi , June 28 : Always ahead of the innovation curve, Rubique has yet again demonstrated its focus on making financial solutions accessible to as many users as possible. The one-stop online marketplace providing technology enabled end-to-end solutions to financing needs of individuals and SMEs has just localised its Rubique Associate app. Read Full Story

HDFC ERGO joins hands with Utkarsh Small Finance Bank to offer general insurance products to customers
New Delhi , June 28 : HDFC ERGO General Insurance Company, India's third largest non-life insurance provider in the private sector and Utkarsh Small Finance Bank on Tuesday signed a corporate agency agreement for the distribution of general insurance products through the bank's network of branches across the country. Read Full Story

Arvind Panagariya calls for 'optimism' ahead of historic GST rollout
New Delhi , June 27 : NITI Aayog's vice chairman Arvind Panagariya on Tuesday asserted that large proportion of traders have already registered in Goods and Service Tax (GST) and appealed for optimism. Read Full Story

Tapp Me's on demand service model in expansion mode
New Delhi , June 27 : Tapp Me, a Gurugram-based start-up offering hassle-free day-to-day repair and maintenance services for homes and offices, has taken an initiative of creating job opportunities for local technicians in the emerging smart cities of India. After an extensive market research, a model has been developed providing these local technicians regular earnings by working on a profit sharing basis with Tapp Me. Read Full Story

i2iFunding emerges as first P2P lending player
New Delhi , June 27 : The Indian P2P lending industry is in the nascent stage of development. Read Full Story

Adda52.com brings on board Minissha Lamba as celebrity pro for Poker
New Delhi , June 27 : Poker website Adda52.comhas signed Bollywood actress Minissha Lamba as its first celebrity professional poker player in India. Read Full Story

Pushpanjali Realms and Infratech sets IPO at fixed price of Rs.55 per equity share
Mumbai , June 27 : Pushpanjali Realms and Infratech Limited, which is engaged in real estate development in Dehradun, Uttarakhand, is entering the capital market with its initial public offering. The issue, which will open on June 27, 2017 and will close on June 30, 2017. Read Full Story

FICCI welcomes TCS relaxation under GST, says will boost e-commerce
New Delhi , June 27 : The Federation of Indian Chambers of Commerce and Industry (FICCI) has welcomed Finance Ministry's decision to delay the enforcement of tax collection and tax deduction at source under the Goods and Services Tax (GST). Read Full Story

Adda52 announces release of Adda52 Rummy for Android
New Delhi , June 27 : Adda52 Rummy on Tuesday announced the launch of its highly anticipated mobile app, Adda52 Rummy for Android versions 4.4 ("KitKat") and above. Read Full Story

RBI advises banks to allocate higher provisioning for 12 stressed accounts
New Delhi , June 27 : The Reserve Bank of India (RBI) on Tuesday issued an advisory letter to banks asking them to incorporate additional provisioning on the 12 loan accounts to be referred to the NCLT (National Company Law Tribunal) under the Insolvency and Bankruptcy Code (IBC), reports Moneycontrol. Read Full Story

Vishal Sinha appointed as CEO, CWT India
New Delhi , June 27 : Carlson Wagonlit Travel (CWT) on Tuesday appointed Vishal Sinha as the new CEO of CWT India, and will be based in the firm's head office in Gurgaon. Read Full Story

Unicommerce Solutions are now GST-ready
New Delhi , June 27 : Unicommerce, India's leading SaaS-based multichannel order fulfillment platform showcased its Goods and Services Tax (GST) ready solutions for online sellers at an event on Saturday. Read Full Story

Indo-US commitment to improve IT sector is commendable, notes ASSOCHAM
New Delhi , June 27 : Lauding the commitment shown by India and the United States towards increasing market access in the Information Technology (IT) and other sectors, ASSOCHAM on Tuesday asserted that it will be highly beneficial to the upliftment of the USD 150 billion software and services industry in the country. Read Full Story

Vivo retains IPL title sponsorship for next five years
New Delhi , June 27 : Chinese mobile phone manufacturer Vivo has retained the title sponsorship rights of the Indian Premier League (IPL) for a period of five years. Read Full Story

Kaspersky's latest patent to counter audio spying
New Delhi , June 27 : Aiming to help to counter the threat posed by audio surveillance, Kaspersky Lab announced the launch of its latest patented technology to counteract unauthorised access to microphone data on Windows devices, which is being used in the company's flagship home solutions - Kaspersky Internet Security and Kaspersky Total Security. Read Full Story

IGL to expand its reach in Delhi/NCR with over 34 new CNG stations
New Delhi , June 26 : Indraprastha Gas Limited (IGL) on Monday announced the opening of 34 new CNG stations by the end of 2017 to fulfill the growing demands of Delhi/NCR. Read Full Story

Anuj Puri launches ANAROCK property consultants residential brokerage, fund and investment platform
New Delhi , June 26 : Anuj Puri, Former Chairman and Country Head of International Property Consultancy JLL India, today announced the launch of ANAROCK Property Consultants Pvt. Ltd., essentially rebranding JLL's erstwhile residential brokerage business which he acquired earlier this year. Read Full Story

Paytm Mall empowers over 1,000 car, bike dealerships; aims to boost online discovery with QR Codes
New Delhi , June 26 : Paytm Mall is contributing towards the growth of automobile dealers by bringing their offerings online. This has enabled over a thousand dealerships across the country to reach a wider set of customers. Read Full Story

Beat the blues away with spirit and spice
Somdatta Saha, New Delhi , June 26 : If you are in no mood to get high on something hard or bored with the same cocktails on the menu, then take a sigh of relief. Read Full Story

Unidentified men loot 37 lakh from Flipkart centre in Delhi
New Delhi , June 26 : Unidentified men looted Rs.37 lakh from a Flipkart dispatch centre in the Jhilmil Industrial Area of Delhi yesterday. Read Full Story

Partnership with TATA for F-16s will create jobs in U.S., India: Lockheed Martin
Washington D.C. [USA], June 26 : U.S. arms maker Lockheed Martin Corp has expressed optimism for its partnership with Tata Advanced Systems to build F-16 fighter jets, saying that if selected, the deal has the potential to generate economic benefit and jobs in U.S. and India. Read Full Story

GST a game changing reform, will remove barriers: Krish Iyer, CEO Walmart India
Washington D.C. [USA], June 26 : Walmart India CEO Krish Iyer hailed the Goods and Services Tax (GST) bill, which will be rolled out on July 1st, as a 'game changing reform' that would ease business barriers and help bring down prices of essential commodities in the long run. Read Full Story

Everyone excited to invest in India, looking forward to GST rollout: Google CEO Sundar Pichai
Washington D.C. [USA], June 25 : After attending the CEOs roundtable conference with Prime Minister Narendra Modi, Google CEO Sundar Pichai said here that the former was focused on getting insights on how to attract more foreign investment. Read Full Story

GST will not hike inflation, assures Centre
Chennai (Tamil Nadu) , June 25 : Union Minister Nirmala Sitharaman on Sunday rubbished reports of inflation hike post Goods and Services Tax (GST) roll out, and said that the tax reform will reduce the existing tax slab. Read Full Story

ASSOCHAM-PwC report urges efficient waste disposal
New Delhi , June 25 : In the wake of an improper waste disposal system, with waste being dumped without sufficient treatment, an ASSOCHAM-PwC study revealed that an estimated 88 square kilometer (sq. km.) of precious land needs to be brought under waste disposal through land filling by 2050. Read Full Story

Gurgaon gets yet another partyscape with 'Lord of the Drinks - Barrel House'
New Delhi , June 24 : After mesmerizing Delhiites with its energetic vibe, delectable food and spectacular ambience at CP, Hauz Khas and Nehru Place, 'Lord of The Drinks - Barrel House' is now all set to pulsate the vibes of the residents of Gurgaon. Read Full Story

Ruchi Soya launches corporate initiative to make Yoga a part of working day on International Yoga Day
New Delhi , June 24 : On the occasion of International Yoga Day on June 21 st, Ruchi Soya Industries Ltd. launched a pioneering initiative, the Ruchi 'Saral Yoga' Abhiyaan to integrate yoga in the corporate routine through daily yoga sessions for all employees. Read Full Story

Bajaj Electricals partners with IFSC as lead sponsor
New Delhi , June 24 : India's leading brand of kitchen and domestic appliances Bajaj Electricals has announced its partnership with The International Federation of Sport Climbing (IFSC) as a lead sponsor. Read Full Story

KNOCKONWOOD wins best design stall for RR Decor at Heimtextil 2017
New Delhi , June 24 : KNOCKONWOOD, a leading furniture brand on Saturday announced that it has won the prestigious Best Stall Design Award for RR Decor, one of India's leading textile designers and exporters at the renowned Heimtextil 2017 held recently in Delhi from June 20-22, 2017 at Pragati Maidan, which saw over 180 companies participate from around the world. Read Full Story

Spice GST Suvidha provider is all geared up for July 1st
New Delhi , June 24 : India is at the dawn of implementation of fair taxation, GST is all set to rollout on July 1st. The primary purpose of the Goods and Services Tax Network GSTN is to offer IT infrastructure and services to central and state governments, taxpayers and other stakeholders, to further facilitate the implementation of the GST. Read Full Story

ONGC facilitates startups under government's flagship programme
Mumbai , June 23 : The ONGC has launched the 'ONGC Start-Up Fund' on 14th August 2016. ONGC, SINE and IIT Bombay entered into a MoU to work together for incubating innovative ideas and business Start-Ups in the Energy Sector at the Society for Innovation and Entrepreneurship (SINE) of IIT Bombay. Read Full Story


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