SoftBank’s latest India pick: 30% stake in Housing.com for Rs 430 cr
After diverse investments in the Indian startup space ranging from online e-tailer Snapdeal to cab service OlaCabs, SoftBank has now reportedly found a new Indian startup to invest in: Housing.com. The Japanese bank has led a round of funding for housing portal Housing.com, in which $100 million... read more »
Infosys BPO removes CFO Abraham Mathews for violating code of conduct
IT major Infosys on Tuesday showed the door to Abraham Mathews, CFO of its BPO subsidiary, for not complying with the code of conduct, while CEO Gautam Thakkar has resigned taking responsibility on moral grounds. The company also appointed Amit Uppadhayay as the CEO and Managing Director of the... read more »
Shell Wins Tax Dispute In Indian Court
The Bombay High Court on Tuesday ruled in favour of the Indian unit of Royal Dutch Shell Plc in a multi-million dollar tax dispute, the latest verdict against the tax department that has been vigorously pursuing claims against foreign firms in India. Shell had challenged the largest ever claim in... read more »
With gold prices falling, jewellers increase inventory levels
Trying to tap the falling gold prices, lakhs of jewellers across the country are increasing their inventory levels. Around 225 tonne of gold was imported in India in the last two months ahead of the Diwali festival and the marriage season. Almost a fourth of that has been used to replenish... read more »
