Business

To Take on Biggies Like Walmart, Future Group, Kirana Shops Going Online

Online sales of books and gadgets are gaining traction in India. Now, a bunch of young Internet entrepreneurs is bringing in groceries, the biggest retail segment in the physical space.

BMW Expands India Output by 1,000 Units; Launches X3 SUV

German luxury car maker BMW on Thursday said it has increased annual output from its Chennai plant to 11,000 units with the start of second shift from June.

Srei to Raise $1 Billion Overseas Equity Fund

Infrastructure finance company Srei on Thursday said it would raise a USD 1 billion infrastructure equity fund from overseas to invest in road, power and ports projects.

Axis PE in Talks to Sell Stake in 3 Portfolios

Five years into business, Axis Private Equity is set to exit from its past investments, and pay back its investors with an eye to keep the relationships intact.

FinMin Readies Goods and Services Tax (GST) For 2012-

Implementation of a nationwide goods and services tax (GST) in 2012-13 suddenly seems possible, with the assertion of the chairman of the empowered committee of state finance ministers, Sushil Modi, to work towards meeting the April 2012 deadline.

Growth May be Below 8%, Warns RBI

RBI Spikes FinMin Demand to Ease Infra Funding Rules

The Reserve Bank of India (RBI) has rejected a government proposal to relax single and group exposure norms on bank lending to infrastructure companies. The central bank has communicated to the finance ministry that current exposure norms on infrastr

Promoters of Insurance Companies Can Cut Stake to 26%

The government has clarified that there is no restriction on Indian promoters insurance companies from the time frame point of view to dilute their stake, a move that will pave the way for Reliance Life to sell a 26% stake to Nippon of Japan.

It's BPOs' Turn to Enter the Dragon

TCS Becomes Official Technology Partner of Amsterdam Marathon

The country's top outsourcing firm Tata Consultancy Services (TCS) today said it has become the official technology partner of the Amsterdam Marathon for a period of five years, from 2011 to 2015.