As a large number of Indian HNIs and their representatives went around Swiss ski resort town of Davos for attending the annual WEF summit last week, they also got several pitches on the margins for two new 'safe and promising havens' -- cryptocurrencies and cash vaults.

Cash vaults, which are huge in size unlike the typical bank lockers in India and can contain not just cash but also gold, data, paintings and sculptures, are big business in Switzerland and are not just limited to banks, with several stand-alone entities offering these services.

DLF, the country’s largest developer by market value, is looking to launch its qualified institutional placement (QIP) of shares by April this year, a source said.

DLF has already received approval from shareholders to sell 173-million equity shares, which will be determined by the formula laid down by the market regulator Securities and Exchange Board of India.

Listeners can now tune into All India Radio (AIR) by giving a voice command from anywhere in the world, thanks to a recent partnership between the public broadcaster and Amazon Echo service. With the latest move, AIR looks at expanding its reach with the help of new age technology. In order to avail the ‘voice on demand’ service, the listeners need to buy ‘Echo’ device from the e-commerce platform of Amazon. “Now, people across the world can access local and global services of AIR through a voice command on Amazon Echo,” AIR Director General F Sheheryar said.

Improving India's ranking in the World Bank's ease of doing business index is "reasonably possible" if various machineries, including the tax department, make concerted efforts to improve the three laggard parameters, Finance Minister Arun Jaitley said today.

He also said that WTO talks have not made much headway in most areas except trade facilitation, which helps cut costs and make it more efficient.

At least 63 people were killed and over 140 wounded after the explosion hit an area of the Afghan capital Kabul on Saturday near many foreign embassies and government buildings.

The explosion occurred at the Sadarat square in center of the city, a week after a deadly attack on the Intercontinental Hotel.

The Delhi Metro Rail Corporation (DMRC) has been entrusted with the task of preparing the Detailed Project Report (DPR) for Phase II expansion plan of the Hyderabad metro rail project.

"On the instructions of Chief Minister K Chandrasekhar Rao that Metro Rail Phase II expansion exercise shall start immediately, the Detailed Project Report (DPR) preparatory work was entrusted to Delhi Metro Rail Corporation (DMRC)," the Hyderabad Metro Rail Ltd (HMRL) has said.

New Delhi: Telecom operator Idea Cellular has approached the government for raising foreign direct investment (FDI) level in the company to 100%.

“Application made to DIPP (Department of Industrial Policy and Promotion) for 100% FDI in Idea,” the company said in an investor presentation.

DETROIT: Mahindra & Mahindra (M&M) is set to launch offhighway vehicles and SUVs in the US, becoming the first Indian manufacturer to produce vehicles in Detroit. M&M will begin production in Detroit from March to roll out an offhighway vehicle that will be sold across the US.

Simultaneously, M&M's Korean subsidiary Ssangyong has started preliminary work to identify and launch SUVs in US. "This is something that the Mahindra group is pursuing very aggressively.

NEW DELHI: Flagship explorer ONGC's gas production rose 7.9% and crude output went up 1.5% in the first nine months of the current fiscal against the previous corresponding period, acompany statement on Friday quoted director (HR) D D Misra as saying.

"We are geared up to contributing towards achieving the PM's vision of reducing oil imports by 10% by 2022," the statement quoted Misra as saying. Misra is officiating as chairman in the absence of Shashi Shanker, who is in Davos as part of the Indian delegation to the World Economic Forum meet.

NEW DELHI: The government has cleared the proposal by Reliance Industries (RIL) and its partner, UK major BP, to buy out independent Canadian explorer Niko Resources from a gas discovery in the Bay of Bengal.

Cash-strapped Niko had in in 2015 decided to relinquish its 10% stake in the NEC-25 gas block in favour of its partners. Reliance is the operator of the block with 60% interest, while BP has the remaining 30%.

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