Business

Asian shares drifted lower after US President Donald Trump said he was not satisfied with bilateral trade talks with China that occurred last week.

The agency took over the case on the basis of a charge sheet filed by the Income Tax Department (ITD) against Burman as part of its probe in the leaked HSBC list of Indians.

Another trade body has sid it will move Competition Commission of India to file objections on the proposed Walmart-Flipkart deal, claiming that the agreement would lead to an uneven playing field and massive job losses.

The agency had last week seized over 34,000 pieces of jewellery worth Rs 85 crore from the Gitanjali Group, owned by Nirav Modi's uncle and jeweller Mehul Choksi, who is also wanted in this case.

Engineering, chemicals and pharmaceutical exports recorded a growth of 17.63 per cent, 38.48 per cent and 13.56 per cent respectively during the month.

The new proposals regarding NCDs and NCRPs are aimed at ensuring ease of compliance on the part of the issuers who have listed their debt securities, according to Sebi.

Tirupur Exporters Association (TEA) on Saturday said the decision has come as a major relief to the exporting units that used to take orders six months back normally.

The Munjal-Burmans combine had given their revised offer on May 1, which included an upfront equity infusion of Rs 800 crore at a price of Rs 167 per share into the company through preferential allotment.

According to MSME Secretary S.K Panda, the MSME ministry will constitute a special task force to look at exactly what steps are needed to be taken to enhance exports from the enterprises to make them part of the global value chain.

CAIT Secretary General Praveen Khandelwal said a regulatory authority should be constituted by the government which should scan the details of Walmart-Flipkart deal and it should be scrutinised from different angles like competition and cyber security, pr...

Analysts say it would be the world's biggest-ever e-commerce acquisition and pit Walmart head-to-head against rival Amazon in one of the world's fastest growing markets. Flipkart was founded in 2007 by former Amazon employees Sachin Bansal and Binny Bansa...

The Indian e-commerce major is in discussions to sell majority holding to Walmart and an announcement to this effect is likely to be made soon, sources close to the development said.

The company's consolidated income increased to Rs 3,487.2 crore during January-March 2018 from Rs 2,554.7 crore in the year-ago period.

The 30-share index again crossed the 35,000-mark by surging 228.73 points, or 0.65 percent, to trade at 35,198.43. The gauge had rallied 468.43 points in the previous two sessions.

With a view to harmonising the extant provisions of Foreign Currency and Rupee ECBs and Rupee Denominated Bonds, it has been decided to stipulate a uniform all-in-cost ceiling of 450 basis points over the benchmark rate.

Net profit rose to 3.88 billion rupees ($58.09 million) in the three months ended March 31, from 3.22 billion rupees a year ago, the Kolkata-based bank said in a statement on Friday.