Tag Archives: Business

The largest coworking space company in India, Awfis, plans a major expansion in India with a recent $20 million series C funding from marquee investors Sequoia India and Innoven Capital and The Three Sisters. The additional funding will be used to disrupt the shared working space industry in India, by …

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HCL Technologies’ revenues from operations have grown to 14.2 per cent to Rs 138.78 billion in April-June 2018 whereas it was Rs 121.49 billion in the quarter corresponding to 2017-18. In dollar terms, the company’s net profit increased has grown to more than five per cent or exactly 5.7 per …

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The Indian currency of rupee has touched a record low of 68.89 against the dollar in opening trade in the currency exchanges, which registers its fall of 26 paise from the earlier close. The rupee was down by 30 paise. Accordingly, it hit to a 19-month low of 68.54 against …

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Fearing a decree against him by the British courts, the controversial businessman Vijay Mallya said he is ready to settle all his dues, and that his case was not of bad intention, but a bad business model, which failed. Mallya stays in London since March 2016 after the allegations of …

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India has increased customs duty on 29 products, including iron and steel products and pulses, imported from the US. It is being seen as a retaliatory action against the hike by the US government. This duty hike would be effected with immediate effect. It may be recalled that the United …

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Despite the fact that the CEO of ICICI bank Chanda Kochhar is on an indefinite leave, her salary remains unchanged and this decision has surely raised many eyebrows in the banking sector. This fact has been evidently flagged by the proxy advisory committee as it is reflecting poorly at corporate …

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Sandeep Bakhshi, till now the CEO of ICICI Prudential Life Insurance has been given the assignment of ICICI bank’s top slot. He is now the new chief operating officer (COO) of country’s largest private sector bank. His predecessor, Chanda Kochhar has gone on leave, pending the completion of a probe …

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Online food companies which have been thriving in metros and medium cities like anything, recently, are now in a precarious condition, since you will get it on 13 per cent less price at the outlet than at your home. The new GST regime charges you at eating outlets to 5% from …

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With the advancement of digital transactions, we are exposing ourselves to more chances of frauds with around one in four customers becoming victims of online financial complications, so infers a report. Experian– a global financial information company, claims in a survey that about 24 per cent of Indians might have …

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The Income Tax Department has found out undisclosed income of over Rs. 10,000 crores in the just concluded financial year, which comes to a 20 per cent more than the previous year. Intelligence and Criminal Investigation wing of The Directorate General of Income Tax have unearthed Rs 10,767 crore such …

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