NEW DELHI: Global retail giant Walmart is looking to locate nearly half of its 50 stores in the country in Uttar Pradesh and Uttarakhand as it seeks to ramp up operations in the cash-and-carry segment, while also eyeing food retail if the government eases the norms. Sources told TOI that Walmart, which currently has…
Economists are betting that India has seen the back of the impact of its unprecedented cash ban, prompting foreigners to pour in investment that’s crucial to help bridge a widening current account deficit. Deutsche Bank AG estimates that foreign direct investment touched $37.4 billion April-January, on track to exceed the previous fiscal year’s about $45…
SEOUL, South Korea — South Korean prosecutors said Monday that they were seeking to arrest former President Park Geun-hye on charges of bribery and abuse of power and other criminal charges. Whether they can arrest Ms. Park, who was removed from office in a historic court ruling this month, will depend on whether the Seoul…
Panaji: Beer and petrol will soon cost more in Goa, even as chief minister Manohar Parrikar in his Budget presented on Friday, promised to make the state garbage-free by 2020, while creating 4,000 jobs annually in the IT sector and linking Aadhar card to all social welfare schemes. Parrikar, who presented a Rs 202.48 crore…
The U.K. has conveyed to India that its request for extradition of industrialist Vijay Mallya, who has been declared a proclaimed offender, has been certified by the Secretary of State. “The UK Home department on February 21 conveyed that the request of India for extradition of Mallya has been certified by the secretary of state…
US President Donald Trump warned House Republican lawmakers that he will leave Obamacare in place and move on to tax reform if they do not get behind new healthcare legislation and support it in a vote on Friday. It was not clear late on Thursday evening that Trump and the Republican leaders who crafted the…
India’s solar power sector is becoming commoditized and margins are getting squeezed across the sector’s value chain, according to Sujoy Ghosh, country head of US-based First Solar Inc.’s India unit. First Solar, a US-based photovoltaic (PV) panel maker and one of the first overseas companies to enter India’s solar energy market, started selling solar modules…
For Vijay Shekhar Sharma, founder and CEO of One97 Communications, parent company of Paytm, 2016-17 is fast turning out to be a major turning point. First came demonetisation, which saw the popularity of his company, a payment gateway founded in 2010, soar, and now with its planned entry into e-marketplace, the valuation of his entity…
For over a decade, the information technology sector has been the largest contributor in white collar jobs in the country. But that’s all set to change. With a sluggish global economy and the looming threat of automation, the pace of job creation is already beginning to slow down in India’s $143 billion information technology that…
New Delhi: The government today proposed to lower cap for cash transactions to Rs 2 lakh from April 1, make biometric identifier Aadhaar mandatory for filing tax returns and allow cheque only contributions to electoral trusts as part of the tirade against blackmoney. Finance Minister Arun Jaitley moved an “unprecedented” 40 amendments to his seven-week…