New Delhi: Foreign direct investment (FDI) has been an important role in India’s economic development. It is an important source of raising capital without debt. FDI through equity has increased by 40% It has been the endeavor of the government to implement a competent and investor friendly FDI policy. Constant steps are being taken to
Wipro Ltd said on Thursday that it would buy British consultancy Capco for $ 1.45 billion in cash, as the Indian software giant looks to boost its offerings for the financial services industry which accounts for the bulk of its revenue. London-based Capco makes up 96% of its revenue from Europe and North America, from
The selling pressure was visible across the board as all 11 sectors compiled by the National Stock Exchange were losing business. The Indian equity benchmark continues to see a loss of fast selling pressure in other global markets, as a yields in the global bond markets sent yields and investors fearing heavy losses could trigger
The report by Moneycontrol noted that the global banking major relies on the so-called “six-eyed” protocol for high-value transactions. To ensure additional precaution, at least three people must sign large sums of money to be transferred. In this case, two originated from India, working with Wipro Technologies. As previously reported, Citibank mistakenly sold Revlon’s lenders
New Delhi: Walmart-owned e-commerce giant Flipkart will deploy more than 25,000 electric vehicles by 2030 in India. Flipkart will include electric vehicles in its City Logistics fleet. The company will also help build a charging infrastructure around the delivery hub and office. On Wednesday, February 24, Walmart-owned Flipkart said it would deploy more than 25,000
New Delhi: Bitcoin has reached new heights since the beginning of 2021, but market analysts have opposed the possibility of cryptocurrency. Despite its volatility and vulnerability in market factors, there is an optimistic section that believes the bull run of bitcoin will not end soon. While there are some people who are convinced that the
New Delhi: The Government of India has envisaged a strong chemicals and petrochemicals industry for equal participation in the world’s fastest growing economy. India is a net importer of chemicals and petrochemicals. The domestic demand and supply gap of chemicals and petrochemicals is being bridged through imports. There was a need to expand and improve
New Delhi: Union Minister of Electronics and Information Technology, Communications and Law and Justice Ravi Shankar Prasad today held a virtual meeting with Amit Agarwal, Global Senior Vice President and Country Head of India. Many issues related to the digital sector were discussed during this meeting. After this meeting, Amazon India has announced to start
The special PMLA court on Friday granted bail to former ICICI Bank MD and CEO Chanda Kochhar on a bond of Rs 5 lakh, asking her not to leave the country without the court’s permission. On January 30, the special court of the Prevention of Money Laundering Act (PMLA) summoned Chanda Kochhar, her husband Deepak
Tesla has invested $ 1.5 billion in bitcoin and has revealed plans to accept cryptocurrencies as payments “in the near future”. The company revealed in a Securities and Exchange Commission filing on Monday that it bought $ 1.5 billion worth of bitcoin, noting that it had “invested in some alternative reserve assets” as part of
New Delhi: The Reserve Bank of India (RBI) monetary review meeting has been held. RBI Governor Shaktikanta Das has briefed reporters about the decisions taken by the committee in a press conference. The country’s economy has slowed down due to the Corona virus epidemic. In such a situation, the decisions taken by the Reserve Bank
New Delhi: Dr. Guruprasad Mohapatra, Secretary, Department of Industry Promotion and Internal Trade (DPIIT), Ministry of Commerce and Industry, said that important steps have been taken to promote start-ups in the 2021-22 budget. Dr. Mahapatra said that the inclusion of initiatives to encourage One Person Companies (OPC), a one-man company, will directly benefit startups and
