Reliance Infra exits Mumbai Metro Phase II, blames govt for not meeting pro...
Mumbai: Blaming the Maharashtra government for “non-fulfilment of certain critical obligations”, Reliance Infrastructure (RInfra) today walked out of the contract to develop the Rs 12,000-crore Charkop-Bandra-Makhurd Metro corridor in Mumbai. “Due to non-fulfilment of various... read more »
Excise duty on petrol, diesel hiked, prices not to rise
To boost the exchequer’s finances and help contain fiscal deficit — the amount of money that the government borrows to fund its expenses — the Centre on Thursday hiked the excise duty on both petrol and diesel by Rs. 1.50 per litre. The move will not result in any increase in retail prices of... read more »
Appetite for jewellery boosts India gold demand: WGC
Indian appetite for gold jumped by more than a third in the last quarter, in sharp contrast to the rest of the world, boosted by jewellery demand for the wedding season, an industry body said on Thursday. Demand in India rose 39 per cent to 225.1 tonnes in July-Sept – the second highest on... read more »
Flipkart to raise fresh funds at $10 billion valuation
MUMBAI: India’s largest online commerce player Flipkart is in the market to raise anywhere between $500 million and $1 billion in a fresh financing round, valuing the company at an eye-popping $10 billion, people familiar with the matter told TOI. A new investor, along with existing... read more »
