Ratan Tata invests in Paytm, takes up advisory role
Ratan Tata’s tryst with India’s consumer internet space continues. The Tata Sons chairman emeritus has now thrown his weight behind Paytm. The 76-year-old has made an undisclosed investment in the mobile payments and commerce platform and will take up an advisory role, marking his fifth... read more »
Ikea to invest Rs 600 crore in Maharashtra
MUMBAI: Furniture retailer Ikea India, the Indian subsidiary of Swedish furniture retailer Ikea AB, has inked a pact with the Maharashtra government to invest Rs 600 crore for setting up 2-3 outlets in the state. “The company will invest Rs 600 crore in Maharashtra to set up 2-3... read more »
Government cuts import tariff on gold and silver
NEW DELHI: The government has slashed import tariff value on gold to $375 per 10 grams and silver to $512 per kg following weak global price trends. During the first fortnight of the month, the tariff value on imported gold was fixed at $393 per 10 grams and on silver at $549 per kg. The import... read more »
Last chance to Sahara to negotiate deal for Subrato Roy’s release: SC
New Delhi: Sahara Group on Friday was granted the third and last opportunity by the Supreme Court to negotiate a deal for selling its offshore properties for raising Rs 10,000 crore to ensure the release of its Chief Subrato Roy, who has been in jail for a year for non-refund of over Rs 20,000... read more »
