Amazon's real rival in India won't be Walmart but this company, once new e-commerce policy is in place

Amazon's real rival in India won't be Walmart but this company, once new e-commerce policy is in place

India is pegged to be a $1 trillion digital economy by 2025, and Bezos, Ambani, and the Bansal and Walton families backing Walmart-Flipkart all want a piece of the action.

Blackstone may buy stake in loyalty arm of Jet Airways, deal could value Jet Privilege at about Rs 3000-4000 cr
Blackstone may buy stake in loyalty arm of Jet Airways, deal could value Jet Privilege at about Rs 3000-4000 cr

Blackstone Group LP is in talks to buy a stake in the loyalty program of Jet Airways India Ltd., the troubled Indian carrier that’s exploring options to raise cash, people with knowledge of the matter said.

Govt to test underutilized natural gas-fired power plants as 'peakers' to even out supply fluctuations
Govt to test underutilized natural gas-fired power plants as 'peakers' to even out supply fluctuations

India has an ambitious goal of installing 175 gigawatts of renewable energy by 2022, or a little more than the country’s current peak demand, as part of its Paris climate pledge to cut carbon emissions.

Mobile connectivity: BSNL plan for uncovered areas promises savings of  Rs 6,000 cr
Mobile connectivity: BSNL plan for uncovered areas promises savings of Rs 6,000 cr

BSNL says its cost is Rs 78.23 lakh per tower as against the DoT’s finalised cost of Rs 1.8 crore per tower.

Shareholding in IPAs: IBBI seeks to cap stake of multilateral bodies at 15%
Shareholding in IPAs: IBBI seeks to cap stake of multilateral bodies at 15%

The Insolvency and Bankruptcy Board of India (IBBI) has floated a discussion paper, proposing to cap the stake of multilateral institutions in an insolvency professionals agency (IPA) at 15%.

Rupee fall: Have sufficient reserves to stem undue volatility, says Arun Jaitley
Rupee fall: Have sufficient reserves to stem undue volatility, says Arun Jaitley

Amid a slide in the rupee, Union minister Arun Jaitley said on Wednesday that the country has adequate reserves to stem any undue volatility in the foreign exchange market.

Flickering cable: Facebook's acquisition of La Liga's broadcasting rights signals the power of OTT market
Flickering cable: Facebook's acquisition of La Liga's broadcasting rights signals the power of OTT market

Facebook's agreement with La Liga football federation is not the first to be signed for the live streaming of sports online.

AUTOMOBILES

Independence Day 2018: 5 Things that have made driving in India easier: From Digilocker to Faster Tolls!
Independence Day 2018: 5 Things that have made driving in India easier: From Digilocker to Faster Tolls!

Over the last few years changes made in governance and digitisation, have even further driven this trend, making it easier to own service and have comprehensive paperwork for a vehicle without much duress. Here are our top 5 things that we have to celebrate as drivers this Independence day 2018

TECHNOLOGY

Reliance Jio GigaFiber registration begins: How to book and expected rate of plans
Reliance Jio GigaFiber registration begins: How to book and expected rate of plans

The much-awaited Reliance Jio Gigafiber registrations began on Wednesday with the telecom operator claiming to offer download speed of one gigabit per second through this optical fibre based fixed-line broadband service. The registrations have started both on the Jio website as well as the MyJio App.

COMMODITIES

Pink Bollworm attack: Maharashtra farmers stare at missing 12 lakh bales
Pink Bollworm attack: Maharashtra farmers stare at missing 12 lakh bales

Maharashtra's cotton crop is likely to be hit this year, thanks to the Pink Bollworm attack again. From a crop size of 82 lakh bales last season, the crop is likely to reduce to 70 lakh bales if the farmers remove cotton after 2 pickings.

Horoscope: By Peter Vidal

Today ( 16 Aug )This Week ( 12 Aug - 18 Aug )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more

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