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IIFL consolidated Q1 net profit up 48 per cent

Jul 31, 2014 at 01:52 | Source: Economic Times

MUMBAI: Financial services provider India Infoline today said its consolidated net profit grew 48 per cent in the first quarter to Rs 94 crore on increase in lending as well as capital market business. The company had reported a net profit of Rs 63 c...

Flipkart raises bar in cash chase

Jul 31, 2014 at 01:52 | Source: Calcutta Telegraph News

Mumbai, July 29: Flipkart, India�s largest e-tailer, has raised fresh funds worth $1 billion as it ramps up operations to fend off competition from Amazon, which is growing at a scorching pace in the country. Flipkart, founded in 2007 by two forme...

Norway Says $890 Billion Fund Likely to Follow EU Sanctions

Jul 30, 2014 at 22:00 | Source: Bloomberg

Norway's government, which sets the strategy for the world's biggest sovereign wealth fund, signaled it will probably abide by sanctions against Russia agreed by the European Union and the U.S.. “In such a situation we have to react...

Dear Flipkart, you got your $1 billion; spend it carefully

Jul 30, 2014 at 12:39 | Source: FirstPost

Update: Amazon has announced a $2billion investment in India as well. Amazon founder Jeff Bezos said in a statement, "After our first year in business, the response from customers and small and medium-sized businesses in India has far surpassed ...

Dear Flipkart, you got your $1 billion; spend it wisely

Jul 30, 2014 at 11:11 | Source: FirstPost

Update: Amazon has announced a $2billion investment in India as well. Amazon founder Jeff Bezos said in a statement, "After our first year in business, the response from customers and small and medium-sized businesses in India has far surpassed ...

Dear Flipkart, please spend the $1 billion wisely

Jul 30, 2014 at 09:49 | Source: FirstPost

Indias biggest home-grown e-commerce portal Flipkart announced on Tuesday that it had raised $1 billion (over Rs 6,000 crore) in the latest round of funding from a group of investors. This is the single largest round so far in the country. Flipkart h...

Dear Flipkart, you got your $1 billion; now spend it wisely

Jul 30, 2014 at 09:49 | Source: FirstPost

Update: Amazon has announced a $2billion investment in India as well. Amazon founder Jeff Bezos said in a statement, "After our first year in business, the response from customers and small and medium-sized businesses in India has far surpassed ...

Libyan militants overrun Benghazi special forces base as chaos deepens

Jul 30, 2014 at 00:45 | Source: FirstPost

BENGHAZI Libya (Reuters) - Militant fighters overran a Libyan special forces base in the eastern city of Benghazi on Tuesday after a battle involving rockets and warplanes that killed at least 30 people.A special forces officer said they had to aband...

China says investigating powerful former security chief for graft

Jul 29, 2014 at 18:15 | Source: FirstPost

BEIJING (Reuters) - China is investigating former domestic security chief Zhou Yongkang, one of the most powerful politicians of the last decade, on suspicion of corruption, the government said on Tuesday, in what could become China's biggest graft s...

Flipkart raises $1B from Tiger Global, Naspers, Singapore's GIC & others

Jul 29, 2014 at 18:00 | Source: VC Circle

India's largest e-commerce platform Flipkart.com has raised $1 billion in fresh funding round co-led by two of existing investors Tiger Global and Naspers. One of the two sovereign wealth funds of Singapore, GIC, along with existing investors...

Deutsche Bank Sharpens Focus on Wealth Management, Investment Banking

Jul 27, 2014 at 18:01 | Source: Wall Street Journal

Deutsche Bank Co-CEO Anshu Jain speaks during the bank's annual shareholder meeting in Frankfurt on May 22. The lender will report its second-quarter earnings on Tuesday. Associated Press. When senior executives at Deutsche Bank AG DBK....

Move over, GDP: How should you measure a country's value?

Jul 25, 2014 at 17:27 | Source: BBC

Poor GDP. Everyone seems to be rounding on the once highly regarded economic measure. Gross domestic product - a measure of the value of goods and services a country produces - is perhaps the most powerful statistical indicator in history, and has a ...

Minor relief for investors? No retro tax on debt mutual funds, says Arun Jaitley

Jul 25, 2014 at 17:11 | Source: FirstPost

Promising to give a final decision on GAAR and retrospective tax amendments soon, Finance Minister Arun Jaitley reiterated in his reply to debate on the Finance Bill in the Lok Sabha that his government favours low taxes. He gave some minor relief to...

Relief! No retro tax on debt mutual funds, says Arun Jaitley

Jul 25, 2014 at 14:23 | Source: FirstPost

Promising to give a final decision on GAAR and retrospective tax amendments soon, Finance Minister Arun Jaitley reiterated in his reply to debate on the Finance Bill in the Lok Sabha that his government favours low taxes. He gave some minor relief to...

Dear Mr Laxman, sorry but Sania Mirza will always be India's daughter

Jul 25, 2014 at 08:20 | Source: FirstPost

In a statement that could almost have been designed to reclaim the 'pointlessly offensive' tag from Shiv Sena MP Rajan Vichare, Telangana BJP leader K Laxman on Wednesday slammed the TRS government's decision to appoint tennis star Sania Mirza as bra...

Ban on green felling in 1986 historical: Himachal CM

Jul 25, 2014 at 00:30 | Source: FirstPost

Shimla, July 24 (IANS) The government's blanket ban on green felling imposed in 1986 was historical for conserving and safeguarding the forest wealth, Himachal Pradesh Chief Minister Virbhadra Singh said Thursday."Then prime minister Indira Gand...

Singapore match-fixer jailed for prostitutes bribe

Jul 24, 2014 at 20:17 | Source: BBC

A Singaporean businessman has been jailed for three years for bribing three Lebanese football referees to fix matches. Eric Ding, 32, was found to be part of an organised group , but there was insufficient evidence to show he was part of an internati...

Dear Mr Laxman, here is why Sania Mirza will always be India's daughter

Jul 24, 2014 at 16:26 | Source: FirstPost

In a statement that could almost have been designed to reclaim the 'pointlessly offensive' tag from Shiv Sena MP Rajan Vichare, Telangana BJP leader K Laxman on Wednesday slammed the TRS government's decision to appoint tennis star Sania Mirza as bra...

Dear Mr Laxman, here's why Sania Mirza will always be India's daughter

Jul 24, 2014 at 14:49 | Source: FirstPost

In a statement that could almost have been designed to reclaim the 'pointlessly offensive' tag from Shiv Sena MP Rajan Vichare, Telangana BJP leader K Laxman on Wednesday slammed the TRS government's decision to appoint tennis star Sania Mirza as bra...

Sorry, Mr Laxman: Here's why Sania Mirza will always be India's daughter

Jul 24, 2014 at 13:31 | Source: FirstPost

In a statement that could almost have been designed to reclaim the 'pointlessly offensive' tag from Shiv Sena MP Rajan Vichare, Telangana BJP leader K Laxman on Wednesday slammed the TRS government's decision to appoint tennis star Sania Mirza as bra...

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