Finance Minister Arun Jaitley said that India will undergo massive modernisation over the next 10 years, and needs $1.5 trillion for infrastructure development. BEIJING: HIGHLIGHTS India will undergo massive modernisation over next decade: Arun Jaitley This will generate growth, employment, pull many out of poverty, he says Government aims to connect thousands of villages by 2019 India needs over USD ... Read More »
“India has a massive infrastructure programme which is going on,” Arun Jaitley said. BEIJING: India has a massive infrastructure programme and will decide on which of the projects under it could be referred to the Asian Infrastructure Investment Bank (AIIB) for funding, Finance Minister Arun Jaitley today. Mr Jaitley made the remarks ahead of the crucial AIIB Board of Governors ... Read More »
Arun Jaitley, who arrived in Beijing on June 23, is scheduled to attend the annual Financial Dialogue at the ministerial level with Lou Jiwei on June 27. (PTI photo) BEIJING: Finance Minister Arun Jaitley today met his Chinese counterpart Lou Jiwei in Beijing and discussed the bilateral economic cooperation and the global macroeconomic situation. The two ministers talked about bilateral ... Read More »
New Delhi: Indiabulls Housing Finance on Saturday said it is planning to raise Rs 300 crore through issuance of non-convertible redeemable debentures. “The company proposes to issue 30,000 unsecured non-convertible redeemable debentures (Tier-II) in the nature of subordinated debt with a face value of Rs 1 lakh each aggregating to Rs 300 crore (plus greenshoe option) on a private placement basis,” ... Read More »
Advanced Enzyme Technologies exports to 50 different countries and has 0.9% market shares globally. Advanced Enzyme Technologies, which launched its initial public offer (IPO) to raise around Rs 410 crore today, will utilise part of the proceeds to expand its business going ahead. “We will be expanding geographically…… we are going to expand our research base more and continue to ... Read More »
London: European shares advanced on Wednesday, with the technology sector leading the market higher after SAP and ASML Holding reported forecast-beating quarterly results. Shares in SAP, Europe’s largest software company, rose 4.7 per cent as unexpectedly strong growth in high-margin packaged software licenses fuelled its quarterly earnings. Its second-quarter operating profit rose 9 per cent. ASML Holding, a key supplier ... Read More »
Sumeet Jain says Nifty is likely to see expiry below 8,450 for this month’s contract. The Nifty faces stiff resistance around 8,600-8,620 and fresh buying is unlikely to emerge unless the benchmark takes out these levels, says Sumeet Jain, head – derivatives & technicals with Destimoney Securities. Nifty is likely to see expiry below 8,450 for this month’s contract, he ... Read More »
After EU, South Korea to probe Google. (Representational Photo) SEOUL: South Korea’s anti-trust agency is investigating Google for alleged abuse of its market dominance, a report said, a week after the EU filed anti-trust charges against the US tech giant. The probe by the South’s Fair Trade Commission (FTC) is focused on whether Google is unfairly forcing smartphone makers to ... Read More »
New Delhi: Indian IT services company HCL Technologies on Friday said it has allotted over 84,000 equity shares under the 2004 Stock Option Plan, taking its paid-up share capital to 141 crore shares. In its filing to BSE, the company said the allotment had been done by its Employees Stock Option Allotment Committee on July 21, 2016. “Consequent on the ... Read More »
Myntra is India’s largest online fashion retailer. HIGHLIGHTS Flipkart unit buying fashion e-tailer Jabong for $70 million in cash Myntra is India’s largest online fashion retailer Two sites to have combined base of 15 million monthly active users Mumbai: Flipkart, India’s biggest e-commerce firm, is buying domestic online fashion retailer Jabong from Global Fashion Group for $70 million in cash, ... Read More »
Techosta Where Tech Starts From