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Tata Group Partners Uber In Driving Micro-Entrepreneurship In India

Tata Group Partners Uber In Driving Micro-Entrepreneurship In India

BENGALURU -  In today’s world, we constantly find cars of car aggregators such as Ola, Uber, MeruCabs and many more plying on Indian roads round the clock. They enable commuters to book a ride at the push of a button and help them in reaching their destination on time. In that regard, to take micro-entrepreneurship [...]

June 25th, 2016 | Posted in Business | Read More »

Infosys Sets Ambitious 2020 Goals Of $20 Billion Revenue

Infosys Sets Ambitious 2020 Goals Of $20 Billion Revenue

BANGALURU – Indian IT major Infosys has set a goalpost of $20 billion in revenue with and operating margin of 30 per cent to be achieved by 2020, said Chairman R. Seshasayee on Saturday.
“Vishal Sikka, our CEO and his management team have articulated a strategy to achieve $20 billion in revenue by year 2020 with [...]

June 25th, 2016 | Posted in Business | Read More »

Eros To Acquire 50pct Stake In Bollywood Producer Vashu Bhagnani’s Puja Entertainment

Eros To Acquire 50pct Stake In Bollywood Producer Vashu Bhagnani’s Puja Entertainment

NEW DELHI – Eros International Media said it will acquire 50 per cent stake in Puja Entertainment and Films but did not disclose the amount involved in the deal.
The company has signed a “term sheet to acquire a 50 per cent stake in Puja Entertainment & Films”, Eros International Media said in a BSE filing.
It [...]

June 25th, 2016 | Posted in Business | Read More »

Export Declines For 18th Straight Month

Export Declines For 18th Straight Month

NEW DELHI – Declining for the 18th straight month in May, exports dipped by 0.79% to $22.17 billion due to slowdown in global demand.
Imports, too, contracted by 13.16% to $28.44 billion in the month under review as against $32.75 billion in May 2015.
Trade deficit in May narrowed to $6.27 billion from $10.4 billion in the same month [...]

June 18th, 2016 | Posted in Business | Read More »

‘India Telcos’ Mobile Data Revenue May Hit 95.5K Crore In 5 Years’

‘India Telcos’ Mobile Data Revenue May Hit 95.5K Crore In 5 Years’

NEW DELHI – Indian telecom operators are expected to rake in Rs 95,500 crore in revenues from mobile data services over the next five years, says a report by ICRA.
Mobile data revenues are expected to grow at a compounded annual growth rate (CAGR) of 21 per cent by financial year 2021 and are expected to [...]

June 18th, 2016 | Posted in Business | Read More »

Gold Declines On Reduced Demand, Silver Rallies

Gold Declines On Reduced Demand, Silver Rallies

MUMBAI – Gold prices declined further at the domestic bullion market here today due to reduced demand from stockist and retailers amid lower global cues.
However, silver continued its rally for the sixth straight session owing to increased off-take by industrial users.
Standard gold (99.5 purity) fell by Rs 65 to close at Rs 29,775 per 10 [...]

June 18th, 2016 | Posted in Business | Read More »

Indian BI Software Revenue To Reach $214 Mn In 2016

Indian BI Software Revenue To Reach $214 Mn In 2016

NEW DELHI – Indian business intelligence (BI) software revenue is predicted to reach $214 million in 2016, an 18.6 per cent increase over last year’s $180 million, market research firm Gartner reported.
“The BI and analytics market is undergoing significant change. Adoption of machine learning techniques, and the emergence of smart data discovery solutions are fueling [...]

June 11th, 2016 | Posted in Business | Read More »

Umang Bedi Appointed Facebook’s India MD

Umang Bedi Appointed Facebook’s India MD

NEW DELHI – Social media giant Facebook has appointed Umang Bedi as its managing director for India to build and maintain strategic relationships with top clients and regional agencies in the country.
Bedi will take over from Kirthiga Reddy, who will be returning to the US to take on a new role at the company’s headquarters [...]

June 11th, 2016 | Posted in Business | Read More »

Amazon To Increase India Investment To $5 Billion

Amazon To Increase India Investment To $5 Billion

WASHINGTON – Amazon will invest an additional USD 3 billion in its India operations to take its investment in the country to over USD 5 billion, the American e-commerce giant’s founder and CEO Jeff Bezos said today.
Bezos said this at an event here attended by Prime Minister Narendra Modi.
“Amazon will invest USD 3 billion more [...]

June 11th, 2016 | Posted in Business | Read More »

India’s Economy Grows 7.6% In 2015-16

India’s Economy Grows 7.6% In 2015-16

NEW DELHI – India’s economy grew at 7.9% in January-March, the fastest in six quarters, cementing its position as the world’s fastest growing major economy, although a good monsoon and pick up in private investment will be critical to sustain the momentum.
The latest data comes a week before Prime Minister Narendra Modi’s visit to the [...]

June 4th, 2016 | Posted in Business | Read More »