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Flipkart, Amazon not violating competition norms, says CCI

Flipkart, Amazon not violating competition norms, says CCI

New Delhi: Fair trade watchdog CCI has concluded that the business practices of Flipkart and Amazon are not in violation of competition norms and rejected allegations of abuse of market dominance made by a grouping of online vendors.

Amid concerns expressed in various quarters about alleged unfair business ways in the fast-growing online market place,

Mumbai airport sees flight delays, strike by Air India ground staff

Mumbai airport sees flight delays, strike by Air India ground staff

New Delhi: Due to a strike by transport workers of Air India, several flights from Mumbai’s Chattrapathi Shivaji International Airport have been delayed, according to a report. The contractual ground staff of Air India Air Transport Services Limited (AIATSL) at Mumbai airport are on a strike since last night to protest against sacking of some workers.

Demonetisation ‘key step’ in formalising economy, tackling black money: Arun Jaitley defends noteban

Demonetisation ‘key step’ in formalising economy, tackling black money: Arun Jaitley defends noteban

Demonetisation completes 2 years: As India completes two years of demonetisation today, Finance Minister Arun Jaitley has once again come out in support of the exercise explaining how the noteban by the government helped in formalising the economy. Arun Jaitley said that demonetisation helped in tackling black money and expanding the tax base.

US dollar drops as midterm elections produce divided Congress

US dollar drops as midterm elections produce divided Congress

The US dollar fell against other major currencies amid market concerns that a split US Congress would affect Washington’s economic policy-making over the remainder of President Donald Trump’s term.

In late New York trading on Wednesday, the euro rose to $1.1454 from $1.1412 in the previous session, and the British pound increased to $1.3146 from $1.3093 in the previous session, Xinhua news agency reported.

BSE, NSE closed today on occasion of Diwali Balipratipada; Sensex, Nifty kick off Samvat 2075 on a strong note

BSE, NSE closed today on occasion of Diwali Balipratipada; Sensex, Nifty kick off Samvat 2075 on a strong note

The Indian stock markets BSE, NSE will be closed today on the occasion of Diwali Balipratipada. Yesterday, the Sensex and Nifty logged their best Muhurat trading session in 10 years. Kicking off Samvat 2075, the Sensex ended Diwali Muhurat session with gains of more than 245 points, even as the Nifty 50 gained about 70 points. Sensex ended the session 245.77 points higher at 35,237.68, while the Nifty 50 zoomed about 68.4 points to 10,598.40.

Kerala-ISRO space tech park likely to go live from June

Kerala-ISRO space tech park likely to go live from June

The Kerala government is preparing to set up a nano space technology Park with technical support from the Indian Space Research Organisation (ISRO). An MoU (memorandum of understanding) on this will be signed soon.

The state Cabinet has given the go-ahead for the space park initiative with the Vikram Sarabhai Space Centre (VSSC), the rocket science node of the ISRO, sources in the Kerala CMO told FE. The facility is likely to start functioning from June 2019.

5G in India: DoT mulls more bands for launch

5G in India: DoT mulls more bands for launch

Aiming to leverage the latest developments in the telecom sector to offer services like self-driving vehicles and robotic surgery under the Digital India mission, the Department of Telecommunications (DoT) is considering offering frequency bands like 24 GHz, 27 GHz and 31 GHz for launching fifth generation, or 5G, services.

Tata Steel starts investing in Odisha SEZ

Tata Steel starts investing in Odisha SEZ

Tata Steel's upcoming special economic zone (SEZ) at Gopalpur in Odisha has started investing in creating infrastructure under the first phase of the project, just days ahead of approval expiry deadline in the middle of November.

With the receipt of environmental clearances, Tata Steel has started putting in the first phase of investment of about Rs 390 crore on the required infrastructure, an official of Tata Steel told DNA Money.

Which country is best to live in? It's Hong Kong, not Norway, says a report

Which country is best to live in? It's Hong Kong, not Norway, says a report

Every year, the United Nations releases the Human Development Index.

The HDI is like a country’s report card. In a single number, it tells policymakers and citizens how well a country is doing. This year, Norway was at the top of the class, while Niger finished last.

How bold political choices, aligning schemes can improve India's healthcare

How bold political choices, aligning schemes can improve India's healthcare

India has to move from vertical to comprehensive programmes, improve quality and access, hire more mid-level health workers and increase funding to improve primary care for achieving universal health coverage, public health experts told IndiaSpend.

That health is not “merely the absence of disease or infirmity”, but “is a fundamental human right” was proclaimed 40 years ago in the Alma-Ata declaration in Kazakhstan in 1978.

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