RBI fines Amazon Pay India Rs 3.06 crores. Here is why
The Reserve Bank of India (RBI) penalized Amazon Pay (India) Private Limited Rs 3.06 crore for disregarding the Master Directions...
Foxconn to Build $700M iPhone Plant in India.
A new plant for the manufacturing of iPhone components will be built in India with an estimated $700 million investment...
How do Airlines and Airports Make Money?
Over the years, the airline industry has undergone a significant change, going from a luxury for the wealthy to a...
Report: Adani Group has secured $3B Credit from Sovereign Wealth Bonds
According to two main sources with knowledge of the case, India's Adani Group has informed creditors that it has obtained...
Axis Bank Acquires Citi Bank Indian Division.
One of India's top private sector banks, Axis Bank, has successfully acquired Citibank's India Consumer Business as well as Non-Banking...
What is stopping Tata to Acquire Bisleri International?
According to people familiar with the situation, valuation is the main obstacle preventing Tata Group from acquiring a major stake...
Zomato Faces Resistance From Restaurants as they increase Commissions.
The Economic Times reported that Zomato has asked several eatery chains for a 2–6% rise in commissions due to growing...
Elon Musk is Richest again, here is how!
According to a Bloomberg Billionaires Index report, Elon Musk, CEO of Tesla, once again overtook the position of the wealthiest...
Airtel to but Stakes in Paytm Payment Bank.
Sunil Mittal, the creator of Bharati Airtel and a billionaire in India, has reportedly indicated an interest in buying a...
PAK receives $700 mn funds from China.
Ishaq Dar, Pakistan's finance minister, revealed that the China Development Bank had given Pakistan $700 million in funding. The nation...
