Breaking news, views, reviews, cricket from across India

  • Tripshelf raises Rs 1.6 crore in Pre-Series A round
    on April 24, 2018 at 6:56 pm

    Tripshelf raised Rs 1.6 crore in Pre-Series A round from marquee investors that includes micro venture capital firm GEMS Advisory, Alok Mittal of Indifi; Sachin Bhatia co-Founder of MakeMyTrip & TrulyMadly; Anita Gupta Global Equity Strategist; Singapore Angel Network; and Alka Puri, IIM-C Alumnus & Founder of Roads Ahead Consult; amongst other HNIs.This is a continuation of Tripshelf's Pre Series-A Funding Round received from GEMS Advisory in mid-2016; the total amount raised by the […]

  • The administrative battle that has prevented the rise of mega cities in India
    on April 24, 2018 at 6:29 pm

    By Swaminathan S Anklesaria AiyarThe terms of reference of the 15th Finance Commission have raised a storm of protest, because they mandate the use of 2011 census data, not the 1971 data used by earlier Finance Commissions, to help determine the sharing of central taxes between the states. The southern states have been especially vocal, although this affects the western states too.This ruckus has distracted attention from the broader question of which flaws in the existing system should become […]

  • India may face pressure to cut duties on 90% of goods traded with China
    on April 24, 2018 at 6:22 pm

    NEW DELHI: India is likely to face greater pressure to eliminate duties on 90% of goods it trades with China under the mega trade agreement among 16 Asia Pacific countries that is in the works.Officials said that China, which has till now not aggressively pushed to fast track negotiations in the Regional Comprehensive Economic Partnership (RCEP), has shown a new keenness to “engage actively” ahead of the next round of talks later this week, the first after it its trade standoff with […]

  • Fintech revolution is good, but comes with baggage. Here's why
    on April 24, 2018 at 6:03 pm

    By Kuntal SurWhile banking operations have become increasingly dependent on IT platforms due to new products innovations, customer experience and response time, banks are increasingly reducing costs and operational complexities on relying on third-party (fintech) service providers on a range of IT services and data. This outsourcing of IT services to fintech firms and data poses security issues and challenges to governance and controls. It is imperative that new tech revolution is impacting […]

  • Reliance Jio files contempt plea in court against Airtel
    on April 24, 2018 at 5:35 pm

    Mumbai: Reliance Jio Infocomm filed a contempt petition in the Delhi High Court against Bharti Airtel, alleging that the rival’s caveat in its Indian Premier League-related advertisements was insufficient. The court will hear the matter on April 27.Mukesh Ambani-owned Jio had moved the court against Sunil Mittal-controlled rival earlier this month, contending that Airtel’s campaign suggested subscribers could live-stream the ongoing IPL cricket matches free, without mentioning that […]

  • JioPhone becoming meaningful force, says Credit Suisse
    on April 24, 2018 at 3:03 pm

    Financial services firm Credit Suisse estimates that about 40 million JioPhones have been sold so far and its increased acceptance could be a potential threat to incumbents’ subscriber base. It adds that the feature phone will make a meaningful contribution to Reliance Jio Infocomm’s (Jio) growth rates.“This is a product that has passed the early adopter stage and is getting well accepted – and that should be a reason for worry for the incumbents. Sooner than later, it […]

  • JioPhone becoming meaningful force, says Credit Suisse
    on April 24, 2018 at 3:03 pm

    Financial services firm Credit Suisse estimates that about 40 million JioPhones have been sold so far and its increased acceptance could be a potential threat to incumbents’ subscriber base. It adds that the feature phone will make a meaningful contribution to Reliance Jio Infocomm’s (Jio) growth rates.“This is a product that has passed the early adopter stage and is getting well accepted – and that should be a reason for worry for the incumbents. Sooner than later, it […]

  • Want to play the monsoon theme? Look at these 3 spaces
    on April 24, 2018 at 11:11 am

    Talking to ET Now, Mahantesh Sabarad, Head-Retail Research, SBI Cap Securities, says with normal monsoon predicted this year, consumption stocks including consumer durables, agro-chemicals and vehicle financing stocks are likely to be in limelight.Edited excerpts: What is happening with metal prices right now globally? Indian markets are a reflection of that, having run up on price hikes and now correcting, Do you think this fall will be bought into? Definitely, you can buy into the fall […]

  • Want to know when RBI will hike rate? Track India's core inflation
    on April 24, 2018 at 7:53 am

    By Anirban NagInvestors wrong-footed by the hawkish Indian central bank minutes might rather want to train their sights on underlying trends in inflation than the volatile headline number, analysts say.The Reserve Bank of India, which Bloomberg economists Tom Orlik and Justin Jimenez rate among the top 3 central banks that surprise the most, has a mandate to keep headline inflation around 4 per cent in the medium term. But commentary from members of RBI’s rate-setting panel show they are […]

  • Former finance minister Yashwant Sinha quits BJP, says democracy in danger
    on April 21, 2018 at 8:06 am

    Former Union Minister Yashwant Sinha, who has been at loggerheads with the party leadership in recent years, announced on Saturday that he is quitting BJP. "Today I am taking 'sanyas' from any kind of party politics, today I am ending all ties with the BJP," Sinha while addressing the first meeting of Rashtra Manch, founded by him.Sinha said democratic institutions were being undermined under the NDA regime and vowed to work for the protection of democracy in the country. He said that though he […]

  • Mobile handset makers lay off sales staff to save costs
    on April 21, 2018 at 2:37 am

    NEW DELHI: Several mobile handset makers have laid off thousands of in-shop promoters, or sales people, in multi-brand shops and slashed salaries of many others to cut costs in a bitterly-competitive market, industry insiders said.Many notable brands including Lava, Intex, Micromax, Karbonn and even Chinese brands Oppo and Vivo have reduced the number of in-shop promoters — in some cases to nearly a third — over the past couple of months, they said."A lot of brands have been doing […]

  • MahaRERA slaps penalty on 8 Mumbai Builders for violation of rules
    on March 13, 2018 at 5:28 pm

    MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has slapped penalty of Rs 2 lakh to Rs 10 lakh on 8 builders in Mumbai for advertising real estate project without mentioning the authority’s website address and advertising a non-registered project. MahaRERA has taken this action on Suo-Motu basis.Of the 8 realty developers, builder Tridhatu Morya has been fined Rs 10 lakh for advertising a non-registered project. Rest of the 7 builders including Sumit Group, The Wadhwa […]

  • Meet the Amit Shah of China: How a professor-turned-politician powers Xi Jinping
    on March 12, 2018 at 9:02 am

    Now that a constitutional amendment abolishes presidential term limits, it has become possible for China's president Xi Jinping to rule as long as he lives. China's shift from a collective rule indicates how it prizes Xi who has articulated the ambition of China becoming the world leader by displacing the US. Xi has turned China from an inward nation to a country focused on winning the world. Behind Xi's ideological offensive is brainy professor-turned-politician Wang Huning who has guided two […]