Ashish

Articles by Ashish

Email : editor@ibtimes.co.in

E-commerce policy confusion: Tech giants put their investment plans on hold

The industry raised its concerns over the draft policy released in February especially on the data-localisation which eventually would raise the operating cost of the e-commerce companies.

May 19, 2019

Walmarts' profit erodes amid investment in Flipkart

Walmart's International operating income tanked 38% in constant currency terms and 42% on a reported basis.

May 18, 2019

China vows to safeguard its companies after US blacklists Huawei

The decision to restrict Huawei comes amid a fresh round of trade war between two of the world's largest economies

May 17, 2019

SpaceX to launch 60 satellites to offer internet from space

SpaceX is facing a tough fight from Airbus SE-backed OneWeb which launched its own clutch of satellites in February.

May 16, 2019

Who was YC Deveshwar? The man behind ITC's rise

Deveshwar had joined ITC in 1968. During his tenure, the company changed from merely being a tobacco company to a conglomerate involved in sectors ranging from hospitality, FMCG to IT.

May 11, 2019

Indian Air force receives 1st Apache attack helicopter

With the objective of increasing its air capabilities, India has signed a contract with the US government to buy 15 Chinook and 22 Apache attack helicopters at a cost of $3 billion.

May 11, 2019

Why is Zee stock witnessing so much volatility?

Thursday was a day of relief for Zee Entertainment as its stock surged over eight per cent after the company clarified its stance on the concerns raised over the audit of its financial statements.

May 10, 2019

Naresh Goyal makes another attempt to check into Jet, offers Rs 250 crore

In a communication to Jet Airways' employees, Goyal said that the funds are now available to banks controlling the airline.

May 8, 2019

CureFit raises $75 million as valuation tops $500 million

At this pace of investment, CureFit is expected to join the Unicorn club by mid-2020.

May 7, 2019

BigBasket becomes latest entrant in Unicorn club, expects profitability in 6-8 months

Only four per cent of the country's grocery spending's happened online which is on a lower side in comparison to other retail categories.

May 7, 2019

Indian Navy to get 10 Kamov Ka-31 AWACS helicopters in Rs 3,600 crore deal with Russia

The helicopter has the ability to track targets over the much larger horizon than ship's radars.

May 4, 2019

Fresh wave of NBFC downgrades trigger renewed liquidity crisis fear

In the past few weeks, credit rating agencies have downgraded the rating of certain debt instruments of Reliance Capital firms Reliance Commercial Finance (RCFL) and Reliance Home Finance (RHFL) to "default".

May 4, 2019

Bandhan bank to take offer-for-sale route to cut promoter's shareholding to 40%

The bank reported a 67.8% increase in its March quarter net profit as a result of higher net interest and non-interest income.

May 3, 2019

Centre mulls merger of PNB, Union Bank and Bank of India

"We wouldn't like to wait for too long," says a a finance ministry official, commenting on the plan to merge Punjab National Bank, Union Bank and Bank of India.

May 1, 2019

IL&FS audit case: Government may debar Deloitte for alleged misconduct

If the Ministry of Corporate Affairs goes ahead with the punishment, it will be the second occasion when Price Waterhouse was banned for similar malpractice in the Satyam scam.

Apr 28, 2019

Oil prices likely to jump sharply as Russia refuses to increase output

After Trump's announcement of the termination of exemptions, it was expected that the countries like Russia and Saudi Arabia, the world's top crude exporter would increase production to facilitate the shortages in the supply

Apr 28, 2019

pepsico indra nooyi revenues sales income 2015 2014 operating profit us india sugar beverages soft drinks snacks

PepsiCo offers olive branch to sued Gujarat potato farmers

The farmers claimed that they have not infringed any IPR rights of PepsiCo and the Section 39(1) of PPV&FR Act, 2001 entitled farmers in India to buy and sow seeds of any variety registered.

Apr 27, 2019

Vice-Admiral Bimal Verma's family flouting rules, daughter staying in officer's mess since 2008

Vice-Admiral Verma's family has been using the subsidised accommodation and food for around 11 years now.

Apr 26, 2019

Major restructuring at Uber: India operation integrated with Europe

Earlier, the Asia Pacific business of the company was headed by Amit Jain, who started Uber's business in India and headed its operations.

Apr 24, 2019

Flipkart's mega logistics investment to generate 50,000 jobs

The logistic parks will act as freight aggregation and distribution hub, and leverage technology for an intelligent transport system.