Competition Commission of India approves Flipkart acquisition by Walmart

The deal had faced opposition from traders bodies as well as the Swadeshi Jagran MAnch in recent months. Read more »

RBI to pay Rs 50,000 cr dividend to govt for FY18, in line with Budget estimate

While the amount was budgeted at Rs 45,000 crore by the government, the extra Rs 5,000 crore will be a huge boost to the exchequer. Read more »

PNB in talks with I-T, excise departments to sell erstwhile HQ

Its managing director and chief executive officer, Sunil Mehta, today said the bank is going for a second round of valuation of the south Delhi property due to high demand. Read more »

No information was ‘discovered’ about me on account of Aadhaar: TRAI chief

Following the Aadhaar challenge last month, some users claimed to have got access to Sharma's bank account number and email, although the TRAI chief had refuted such claims saying they were untrue. Read more »

IKEA tackles high taxes to keep prices low for Indian shoppers

IKEA said on Wednesday it has spent half the 105 billion rupees earmarked for India investment, and plans to spend 10 billion rupees setting up each store. Read more »

IndiGo announces 24 new flights from September

The new routes on which the airline would start operation are between Ahmedabad and Bhubaneswar, Ahmedabad and Varanasi, Hyderabad and Patna and Kolkata and Surat. Read more »

Loss-making Tata Teleservices (Maharashtra) to monetise assets

The Tata telecom arm said it has also secured a support letter from its promoters, indicating their willingness to organise for any liquidity shortfall in meeting financial obligations and debt repayment. Read more »

Government appoint S Gurumurthy, Satish Marathe as part-time directors on RBI board

The govt cleared appointment of S Gurumurthy, the co-convenor of RSS affiliate Swadeshi Jagran Manch. Read more »

Novelis posts 10% increase in net profit in Q1

The US subsidiary of homegrown aluminium and copper major reported a net income of $113 million as compared to $103 million during the sane period last year. Adjusted EBITDA per tonne reported... Read more »

Cost of setting up 6 new AIIMS overshot by Rs 2,928 cr: CAG

The CAG performance audit report of Pradhan Mantri Swasthya Suraksha Yojana (PMSSY)stated that out of 42 departments in new AIIMS, 6-14 speciality, super-speciality and other departments have not become functional. Read more »