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OYO announces another international expansion after Malaysia and Nepal, venturing into China

New Delhi, Jun 21 (ANI): In a strong move to strengthen its already growing international foothold, Budget hospitality chain OYO Hotels announced that they are now venturing into China. The focus of this expansion is a clear idea of strengthening its hotel chain in the country. China is the third overseas market for OYO and with this launch the team aims to substantiate its leadership in the market. Ritesh Agarwal, founder and CEO of OYO said, "The expansion is in line with our mission of creating beautiful living spaces by empowering hotel owners to become better hospitality players while ensuring an end-to-end controlled experience for our guests." OYO Hotels have been at the forefront of the small and budget hotels revolution in India, Malaysia and Nepal. Its current chain comprises of over 11,000 exclusive - franchised or manchised - rooms in 26 cities including Hangzhou, Xian, Nanjing, Guangzhou, Chengdu, Shenzhen, Xiamen and Kunming among others. They also aim to generating lucra

Govt to announce 1.5 times of MSP on farmers' investment: PM Modi

New Delhi/Jhabua (Madhya Pradesh)/Ramanagara (Karnataka)/Solapur (Maharashtra)/Angul (Odisha), Jun 20 (ANI): Prime Minister Narendra Modi on Wednesday said that the government will announce Minimum Support Price (MSP) to be 1.5 times of farmers' investment. While interacting with farmers across the country he said, "Our government is continuously making efforts to take along farmers. For this purpose the government has put emphasis on four points: how will the investment by farmers on raw materials will be lessened, farmers get fair price of his produce, the wastage of farmers' produce should be stopped, fourthly farmers should have farming alternatives. Out government will announce MSP to be 1.5 times of farmers' investment."

Digital payment firm MobiKwik invests Rs 2 crores in predictive analytics startup Pivotchain Solutions

New Delhi, Jun 19 (ANI): Digital payment firm MobiKwik in a move to strengthen its financial technology (fintech) portfolio announced a strategic investment of Rs 2 crores in Pune based data science company, Pivotchain Solutions. MobiKwik founder and CEO, Bipin Preet Singh said, "Delivering high quality fintech products will require immense focus on data, and an in-depth understanding of the user requirements, across categories. Pivotchain is doing incredible work in alternate data scoring, predictive modeling and risk management and this investment will give us an edge over competition. We will continue to invest in companies that can add value to our business." Pivotchain was founded in 2017 as a company that builds analytical solutions using machine learning and artificial intelligence framework along with large data. "We are glad to be part of MobiKwik family. MobiKwik has been a flag bearer in the payments industry and we look forward to working with MobiKwik and deliver the right

Must-have apps, this Father's day

New Delhi, Jun 17(ANI): International Father's Day being celebrated worldwide on June 17. It's that time of the year when fathers are coddled for being the first exemplar in a child's life.With our fathers working endlessly to succeed professionally and at the same time, ensure a comfortable family life, a number of apps have now been created to make life easier for them. Ahead of Father's Day, here are some essential apps: Ixigo: Be it planning a business trip or family vacation, ixigo mobile app offers options for travel and accommodation. Bookmyshow: The app lets users find events and assist with information and ticketing options. 1mg: With 1mg app, one can make sure their father's health is in check. FITPASS: For all the fitness enthusiast fathers, it is an app-based pass to workout anywhere. Meratask: Every father has a dual responsibility to fulfill - home and work.

Five shopping platforms for social media addicts

New Delhi, Jun 16 (ANI): Social media has come into existence for more than a decade becoming an integral part for each individual. There are more than two billion social media users worldwide, representing a global rate of around 28 percent of total digital users. However, over 18 percent of social media users can't go a few hours without checking different social media platforms. So, here are 5 platforms which can help you to shop on your favorite social media platforms.

25 years ago today, Infosys got listed: How Investors made millions from the stock

Starting its journey with a gross revenue of $5 million during its stock market debut on June 14, 1993, Infosys has reached dizzying heights, with a revenue of $10.93 billion in 2017-18

Increase in HDFC's shareholding would bring $ 3.5 billion in FDI: Piyush Goyal

New Delhi, Jun 13 (ANI): Union Interim Finance Minister and Railway Minister Piyush Goyal held a cabinet briefing on Wednesday in New Delhi. During the briefing he informed, "HDFC bank has been given approval for Rs 24,000 crore as Foreign Direct Investment. Foreign Institutional Investors (FII) limit in HDFC Bank has also been increased to 74%. It will help improve capital adequacy ratio for HDFC bank."

Factors that will drive stock market in June 11-17 week

Stock market this week will be guided by a host of key macroeconomic data points including the industrial production numbers for April, global cues, trend in crude oil prices and progress of monsoon, say experts.

Working to rationalise GST rates: MoS Finance

New Delhi, Jun 08 (ANI): Minister of State (MoS) for Finance Shiv Pratap Shukla addressed a gathering at the 7th edition of Delhi SME Finance Summit organised by the Confederation of Indian Industry (CII) in the national capital. The MoS Finance said a big announcement from the government regarding GST is imminent. Shukla said that the GST Council is working towards rationalising GST rates.

Rate of registering trademark increased by 3 times in last 3 years: PM Modi

New Delhi, Jun 06 (ANI): While interacting with youth innovators associated with start-ups, Prime Minister Narendra Modi discussed the simplified processes of trademark and patent registrations. PM Modi said, "There was a time when 75 forms were needed to fill in trademark registration. Now it has been reduced to 8. And if anyone is applying online, a discount of 10 percent will also be given. The rate of registering trademark has gone high by 3 times in the last 3 years. Similarly, during 2013-14, only 4000 patents were filed. But as recorded until February 2018, around 11500 patents have been filed."

RBI to announce second bi-monthly Monetary Policy of 2018-19 today

Mumbai (Maharashtra), Jun 06 (ANI): The Reserve Bank of India (RBI) will announce its second bi-monthly Monetary Policy of 2018-19 on Wednesday. The meeting of the monetary policy committee (MPC), headed by RBI Governor Urjit Patel, began here on Monday. The committee will meet today as well, before the policy will be announced. This is the first time the six-member committee is meeting for three days instead of the usual two, due to certain administrative exigencies. For those unversed, the RBI's six-member committee has been entrusted with the task of setting the benchmark interest rate after an amendment was passed through the Finance Act, 2016. Prior to the establishment of the MPC, the RBI Governor was responsible for setting the interest rate.

Bitcoin scam: Raj Kundra summoned by Enforcement Directorate

New Delhi, Jun 05 (ANI): Businessman and actor Shilpa Shetty's husband Raj Kundra, was on Tuesday summoned by the Enforcement Directorate (ED) in connection with the Bitcoin scam. Kundra's name turned up in the report following alleged links with Bitcoin scamster Amit Bhardwaj. Kundra was questioned in the ED's Mumbai branch. According to media reports, Bhardwaj had started the country's first online marketplace which accepted bitcoins and had also started bitcoin mining start-ups. Kundra reportedly lured in investors with promises of hefty returns, assuring the investors of access to the bitcoin mining system that would let them mine their own bitcoins. Kundra had allegedly promoted one of Bhardwaj's operations.

MSCI inclusion of 230 A-shares: Why this is important for Chinese stocks

The U.S.-based creator of widely-watched stock indices added roughly 230 China-listed shares to its emerging market benchmark in a two-step process. Late on Wednesday, MSCI tweaked the MSCI China A Inclusion Index, dropping telecom equipment and smartphone maker ZTE Corp, and four other companies, whose shares have been suspended.

Irregularities found in CSI's income, will have to pay Rs 3 crore: Chief Income-Tax Commissioner

Dehradun, Jun 01 (ANI): The appeal of the Civil Services Institute seeking to avoid payment of IncomeTax claiming that the association is a charitable trust has been rejected by the Income-Tax Department and now will have to pay Rs 3 crore. Pramod Gupta, Chief IncomeTax Commissioner said, "We did tax assessment of Civil Services Institute last year and we found out irregularities along with those things which should have come under the purview of Income-Tax regulations which they did not keep. We assessed the Income as Rs 7 crore on which they have to pay Rs 3 crore. They appealed to Appellate Commissioner who confirmed our order". The Civil Services Institute, an association of bureaucrats had earlier paid Rs 47 lakh before the appeal.

Mahindra and Mahindra signs 2 MoUs with Maharashtra Government to promote electric vehicles

Mumbai, Jun 01 (ANI): Car manufacturer Mahindra and Mahindra signed two different Memorandum of Understandings (MoUs) with Maharashtra Government on Thursday. The MoUs were signed in order to promote electric vehicles for shared mobility space in the state. CM Devendra Fadnavis and Union Minister Dr Harsh Vardhan were also present on the occasion. M and M and Maharashtra is eyeing to promote adoption and use of EVs in the state.

How Modi magic worked with the stock market in past 4 years and what lies ahead?

Growth of the market capital during the last 4 years of Modi government was phenomenal. The base of domestic market cap grew exponentially in this millennium – from a meare around Rs.6 trillion in 2000 to over Rs.84 trillion in May 2014, a rise of over 14 folds!

Wall Street rebounds as Italy worries ease

New Delhi, May 31 (ANI): Wall Street rebounded on Wednesday. Yesterday's downward trend, energy and bank stocks fueled the recovery. Investors are hopeful that renewed attempts to form a coalition government means Italy could avoid a new election. Bank stocks like Wells Fargo and Bank of America rallied as the Federal Reserve considered a proposal to modify the 'Volcker rule'. That law aims to prevent banks from making market bets while taking in taxpayer-insured deposits.

Nearly 10 lakh bankers go on 2-day nationwide strike against 2% salary hike

Thiruvananthapuram (Kerala)/ Kolkata (WB)/ Moradabad (UP)/ Lucknow (UP)/ New Delhi, May 30 (ANI): Nearly 10 lakh bank workers have gone on a 2-day strike to protest against a 2% salary increase offered by the Indian Banks Association (IBA), which represents bank managements. The bank workers gathered in large numbers to stage protests in different cities of the country. Earlier on May 5, the IBA refused to increase wages by more than 2% for junior officers citing poor financial conditions of banks. Following this decision, the bankers opted to go for the strike.

Government slashes fuel prices after 16 days

New Delhi, May 30 (ANI): Almost after sixteen days of agitation and protest, the Central government has finally slashed the fuel prices a bit. In Delhi, the petrol prices have went down by 60 paise while in Mumbai, the cost has been reduced by 59 paise. The diesel prices in Delhi have been reduced by 56 paise and in Mumbai by 59 paise. After this reduction, petrol price in Delhi came down to Rs 77.83 per litre, Mumbai stands at Rs. 85.65 per litre; Kolkata at Rs. 80.47 per litre and in Chennai petrol costs Rs. 80.80 per litre.Diesel prices in Delhi have been reduced to Rs. 68.75 per litre, Rs. 73.20 in Mumbai, Rs. 71.30 in Kolkata and a litre of petrol now costs Rs. 72.58 in Chennai.

Bankers begin 2-day strike against meagre salary hike

Varanasi (UP), May 30 (ANI): Bank workers in Varanasi staged protest against a 2% salary increase offered by the Indian Banks Association (IBA), which represents bank managements. Demanding an immediate wage revision, the United Forum of Banking Unions (UFBU) has called for a 2-day nationwide bank strike. In Ahmadabad, UFBU members gathered in number to voice against the hike offered by the IBA. Nearly 10 lakh bank workers across the country will join this strike. Earlier on May 5, the IBA refused to increase wages by more than 2% for junior officers citing poor financial conditions of banks. Following this decision, the bankers opted to go for the strike.