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Union Budget overhaul ends British legacy but will throw up major challenges on data

from firstpost

Union Budget overhaul ends British legacy but will throw up major challenges on data

The Union Budget for FY18 will be very different from the ones presented hitherto. Three changes have been accepted by the Cabinet which will have far reaching implications for the way in which fiscal...


Retail, QIBs help ICICI Prudential Life IPO subscribe nearly 2 times

from firstpost

Retail, QIBs help ICICI Prudential Life IPO subscribe nearly 2 times

New Delhi: ICICI Prudential Life Insurance's IPO, the first by an insurer in India, has been oversubscribed nearly 2 times till afternoon trade on the last day of the offer Wednesday.The IPO received ...

Flipkart crosses 100 mn customers; first e-commerce company in the country to hit the milestone

from firstpost

Flipkart crosses 100 mn customers; first e-commerce company in the country to hit the milestone

New Delhi: Homegrown e-tailer Flipkart has crossed the 100-million registered users mark, becoming the first e-commerce company in the country to hit the milestone. The Bengaluru-based company has dou...

Online furniture marketplace Pepperfry raises Rs 210 cr from Goldman, 3 others

from firstpost

Online furniture marketplace Pepperfry raises Rs 210 cr from Goldman, 3 others

Pepperfry, the country's online furniture marketplace, said on Wednesday it had raised Rs 210 crore ($31.3 million) from existing investors including Goldman Sachs Group Inc in a new round of funding....

US Fed likely to keep interest rates unchanged, could hint at year-end hike

from firstpost

US Fed likely to keep interest rates unchanged, could hint at year-end hike

The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday amid tepid inflation and recent weak economic data, but could signal an increased likelihood of a hike by the end of ...

Sebi tells mutual fund housesto disclose absolute commission paid to distributors

from firstpost

Sebi tells mutual fund housesto disclose absolute commission paid to distributors

With an aim to bring in greater transparency in dealings of mutual funds, markets regulator Sebi asked them to disclose the exact commission paid to distributors as against the investments garnered fr...

How Kandivli boy Jignesh Shah made it big in busines and fell off: A timeline

from firstpost

How Kandivli boy Jignesh Shah made it big in busines and fell off: A timeline

The long arm of law is catching up with Jignesh Shah, founder promoter of Financial Technologies India or FTIL (at present 63 Moons), a company that provides technical and software solutions for onlin...