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Piyush Goyal's not buying, says investment not a favour

New Delhi, Jan. 16 -- Trade minister Piyush Goyal on Thursday questioned the reason behind the losses that e-commerce giant Amazon is making in India, holding that its announcement to invest $1 billio... Read More


GMR Infra to now sell 49% in airports' company to Tata group subsidiary

New Delhi, Jan. 16 -- GMR Infrastructure Ltd on Thursday said it has decided to now divest 49% stake in GMR Airports Ltd, against 44.44% planned earlier. TRIL Urban Transport Pvt Ltd (TUTPL) and two o... Read More


1979-80: Charan Singh Budget

New Delhi, Jan. 16 -- Historically budgets fall in two buckets. Those that are situational-dominated by an unravelling challenge and, hence, largely reactionary-and the few out-of-the-box essays seeki... Read More


Carlyle to sell stake in Visionary RCM

New Delhi, Jan. 16 -- Private equity (PE) firm Carlyle Group is looking to sell its stake in Visionary RCM Infotech (India) Pvt. Ltd, two people aware of the development said, requesting anonymity. Th... Read More


Flying taxis are real but not quite ready for take-off yet

New Delhi, Jan. 16 -- Once a part of comic book and movie folklore, flying taxis are expected to be a reality soon. However, commercial take-off may take longer than we think. In most big cities, comm... Read More


Venture Highway raises $78.6 million to fund early-stage tech firms

New Delhi, Jan. 16 -- Early-stage venture capital (VC) firm Venture Highway on Thursday said it raised $78.6 million for its second fund focused on technology seed investments in India. Founded in 20... Read More


Jeff Bezos binges on India, Amazon's prime market

New Delhi, Jan. 16 -- After facing protests over his e-commerce platform, Amazon.com founder Jeff Bezos was primed to break some good news on Thursday-the company's video streaming platform, he told B... Read More


Government mulls de-criminalising penalties for Company Law breaches

New Delhi, Jan. 16 -- To boost ease of doing business, the Union Cabinet will soon consider a proposal by the corporate affairs ministry to de-criminalise over 40 offences related to violations under ... Read More


Tata-led consortium may dilute GMR Airports stake to meet regulatory limit on shareholding

New Delhi, Jan. 16 -- A Tata Group-led consortium is likely to rejig its investment in GMR Airports Ltd, after GMR decided to dilute its stake in its airport arm to 49% in order to meet the regulatory... Read More


Fossil Gen 5 Carlyle HR: An alternative to fitness watches

New Delhi, Jan. 16 -- Fossil's 5th generation Carlyle smartwatch retains the circular shape of the predecessor but looks more refined with its stainless steel casing and has more legroom with a slight... Read More