Section: Business

IRB InvIT Fund's Rs 4,654.6-cr IPO to open on May 3, price band Rs 100-102/sh

Published on By prameya news7 (author)

IRB InvIT Fund, which is sponsored by road developer IRB Infrastructure, will open its Rs 4,654.6 crore initial public offering for subscription on May 3, 2017. The price band for the issue is fixed at Rs 100-102 per unit.

Reliance Jio losses rise but Verizon shows its worth the pain

Published on By prameya news7 (author)

India’s most valuable business is earning money hand over fist from oil. Yet what’s exciting investors about Reliance Industries are its telecoms losses.

Flipkart CEO for a Day: Employee to get a chance to hold the top position in the company for a day

Published on By prameya news7 (author)

E-commerce major Flipkart is celebrating its 10 years, and has called the event ‘Big10’. The company is holding a very interesting and innovative competition for its employees. In the competition, the employees of Flipkart, also known as Flipsters across all its locations in India, will have to submit reasons on why they should be selected as the CEO of the company. Notably, the winner of the competition will get to be the CEO of Flipkart. Meanwhile, the current CEO Kalyan Krishnamurthy will reportedly resign for a day.

Jubilant Life gets USFDA nod for hypertension drug

Published on By prameya news7 (author)

Drug firm Jubilant Life Sciences on Tuesday said it has received final approval from the US health regulator for olmesartan medoxomil tablets, used in the treatment of hypertension.

Trump Tower Mumbai Sales to Resume, Comes with Private Jet Service

Published on By prameya news7 (author)

Lodha Group plans to resume sales at Trump Tower Mumbai after a post-election hiatus, providing a test for India's languishing luxury home market, and the U.S. president's brand.

Jaitley says 7-8 per cent growth 'absolute normal' for India

Published on By prameya news7 (author)

Finance Minister Arun Jaitley today said India will continue to grow at 7-8 per cent rate, an 'absolute normal' for the nation under the current global environment. Jaitley said as far as the economy is concerned, all the decisions taken by the Modi-Government are consistently in one direction.

Major action on H-1B visa would worry India: CEA

Published on By prameya news7 (author)

Any “serious actions” taken by the Trump Administration on the H-1B visa programme would be a cause of “worry” as a majority of Indian exports in the services sector go to the US, Chief Economic Advisor Arvind Subramanian has said.

Sensex gains 200 points, Nifty stays at all-time high in noon trade

Published on By prameya news7 (author)

Benchmark indices were trading higher in the noon trdae after Nifty50 hit a record high of 9280 at open, surpassing April 5 record high of 9,274 following strong cues from Wall Street and Asian markets. A win for the pro-EU presidential candidate in the first round of French elections triggered a relief rally globally.

LPG subsidy success: Modi govt's give-it-up campaign will now ask people to forego food subsidies

Published on By prameya news7 (author)

In a move aimed at cutting the rising food subsidy bill, the Modi government has written to all the state governments to work on the initiative. This call comes on the heels of the government's successful initiative to convince people to forego subsidy on cooking gas.

Patanjali Says Amla Juice Is Medicinal Product, Safe For Human Consumption

Published on By prameya news7 (author)

The Canteen Stores Department, the retailing entity selling consumer goods to armed forces, has suspended sale of a batch of Patanjali Ayurveda's amla juice after it "failed" to clear a laboratory test.