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Category Archives: Business

Business

Rajya Sabha MP Subhash Chandra’s company under scanner for 11,808 cr scam

Companies under the ownership of Rajya Sabha MP Subhash Chandra’s Essel Group are under scanner over the Rs 11,808 crore lottery scam in Mizoram in the North-East. In December 2016, there was extensive negligence and discrepancies in the state government’s lottery operations which resulted in the loss of more than Rs 11 crore an amount more than its annual revenue. Civil ... Read More »

Google fined heavily by EU

The European commission has fined the search engine giant Google for abusing its power by promoting its own shopping comparison service at the top of search results. Google has been fined 2.42bn euros ($2.7bn; £2.1bn). The ruling also orders Google to end its anti-competitive practices within 90 days or face a further penalty. In a statement, one of the anti ... Read More »

GST Impact: Royal Enfield Bikes To Cost Less

Royal Enfield motorcycles price will reduce once the GST kicks in from July 1st , 2017. Taxes of many motorcycles including Royal Enfield 350 cc , Classic 350 are expected to reduce in most states ,from July 1,2017. Under GST , most two wheelers will attract 28% tax which is lower than current tax. ” The reduction is expected to ... Read More »

Overnite Express looking for franchise to expand all across the country

Overnite Express Ltd, the leading player in Express Industry is looking for franchise collaboration to expand its reach all across the country. The company has successfully been able to carve out a niche market and has developed excellent Brand Equity, Building the status of one of “The Largest Courier Service Nationwide”. “We always keep inviting franchisees to join our network at various locations across India. We prefer ... Read More »

Patanjali products fail lab test in Nepal; Baba Ramdev firm ordered to recall six medical products

Baba Ramdev -led home- grown FMCG major Patanjali Ayurvedas six medical products have failed lab test in Nepal as all the six products have been found unfit for consumption. The authorities in Nepal have urged the stakeholders not to sell or prescribe the use of these six medicines with immediate effect. The six medicines includes Patanjali Divya Gashar churna, Bahuchi ... Read More »

Clooney Sells his Tequilla brand for $1 Billion

Adding to his recent stories, George Clooney has sold the tequila brand Casamigos in a deal that values the company at up to $1 billion. Casamigos, the tequila brand that Mr. Clooney founded with his friends Rande Gerber and Mike Meldman in 2013, said Wednesday that it had sold itself to the spirits giant Diageo. The trio – who own ... Read More »

Government assures telecom companies about corrective measures

The much-awaited meeting between telecom companies and the government was held today in New Delhi. The meeting was chaired by Telecom Minister Manoj Sinha and representatives from most of the leading telecom companies attended the meeting. The meeting was attended by representatives from companies such as Bharti Airtel, Idea Cellular, Reliance Jio and Reliance Communications. During the meeting, the telecom ... Read More »

Bengaluru firm 1st in India to deliver diesel at home

India’s first home delivery service of diesel has been launched in Bengaluru city. The service offered by one year old startup , MyPetrolPump is available for orders and charges the fuel at the running price and fixed delivery charge. The startup currently having three delivery vehicles and has carrying capacity of 950 litres per day. The startup has already delivered over ... Read More »

Philips to acquire Electrical Geodesics, Inc. to establish integrated neurological imaging, mapping and therapy guidance portfolio

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced an agreement to acquire Electrical Geodesics, Inc. (EGI), a US-based medical device company that designs, develops and commercializes a range of non-invasive technologies used to monitor and interpret brain activity. EGI’s portfolio of EEG hardware, software and acquisition sensors will complement Philips’ ... Read More »

56000 buildings in Mumbai do not have Occupation Certificate

Builders of lakhs of housing societies in Mumbai that do not have an occupation certificate will have to register their projects with Real Estate Regulatory Authority Act. Under this act , Projects do not have an OC will be considered as ongoing project and will get a period of three months from May 1 , 2017 to register with housing ... Read More »

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