Government to shortly issue 3rd tranche of gold bond scheme.
Having raised nearly Rs 1,050 crore in the first two tranches, the government will “shortly” issue the third tranche of sovereign gold bond for the fiscal, Economic Affairs Secretary Shaktikanta Das said.
Oberoi group, SCDCL ink pact with Maldives government to open resort.
Hospitality major Oberoi group and real estate firm Subramanya Construction and Development Company have inked a pact with the Maldives government to design, build and manage a luxury resort there.
Mallya’s sole regret: Kingfisher not flying when oil is cheap.
With banks going after him to recover unpaid loans given to long-grounded Kingfisher Airlines, beleaguered businessman Vijay Mallya remains defiant and says the “only regret” he has that the carrier is not flying when the oil price has dipped so low. “I have no regrets as such. Perhaps the only regret is that Kingfisher Airlines is not flying today when the oil price is so low,” Mr. Mallya said.
Flipkart launches own ad platform with 50 brands.
Leading e-commerce company Flipkart launched its own advertisement platform, Brand Story Ads, with over 50 leading brands on board. Brands including Yes Bank, L’Oreal, Micromax, Intel, Gillette, Datsun and Sony have signed up with Flipkart to launch their ad campaigns on the platform.
Uber launches bike taxis in Bengaluru.
Uber launched the pilot of its new service, uberMOTO, in Bengaluru that will enable customers to get motorbike rides in minutes with just a push of a button. The service will help people save time and money on short trips across town and provide last mile connectivity, Uber said in a statement.
Bankers’ meet to focus on credit flow amid bad loans.
Flow of credit to productive sectors amid rising bad loans is a key area that would be discussed during the second edition of the two-day banker retreat, or Gyan Sangam, that starts from Friday in Gurgaon, Haryana.
Commerce ministry to take up differential MAT on SEZs.
The Commerce Ministry may soon raise with the Finance Ministry its concern over the differential tax rate proposed in the budget for the International Financial Services Centre (IFSC) to come up in a Special Economic Zone in Gujarat, and the rest of the SEZs.
Indian firm to partner Israel for anti-tank missiles.
Rafael of Israel and Kalyani group are setting up a joint venture (JV), Kalyani Rafael Advanced Systems, to build weapon systems in India. It could start with the production of Spike Anti-Tank Guided Missile (ATGM) which the Indian Army is in the process of procuring.
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