Free Press Journal
  • Govt identifies 150 shell firms linked to Nirav Modi

    New Delhi : Intensifying the probe into the country’s biggest banking fraud, the government has identified as many as 150 shell companies related to billionaire Nirav Modi, his relatives and associates, according to a senior official.

  • MCSI seeks BSE, NSE rethink in anti-competitive measures

    Mumbai : Global index provider MSCI has that said Indian stock exchanges should continue licensing their indices and market data with foreign exchanges and other business partners or it could hurt the country’s weight in the MSCI Indexes.

  • Private, merchant banks can invest on behalf of FPIs

    New Delhi : Private banks and merchant banks can now invest on behalf of their foreign clients, provided these banks do not have any secrecy laws with the investors, the Securities and Exchange Board of India (Sebi) said in a notification late on Thursday.

  • 5G road map to be ready by June

    New Delhi : Telecom Secretary Aruna Sundararajan on Friday said the Department of Telecommunications (DoT) will unveil the roadmap for 5G or fifth-generation by the end of June.

  • Nalco, Hind Copper to join hands for assets abroad

    New Delhi : The government is looking at a proposal to set up a joint venture with participation from National Aluminium Co (Nalco), Hindustan Copper (Hind Copper) and Mineral Exploration Corp (MECL) for acquisition of overseas mineral assets, a government official said on Friday.

  • Can offline expansion bring growth for smartphones in India?

    Are all smartphones in India sold online? Not really. This is something which should come as a surprise to the cyber-savvy buyers of gadgets and gizmos. A study from Google, published in 2012 but still relevant, says that 70 per cent of Indians decide about the brand and variant during an online search before going to a retail store. Although the study was done in major cities and would have sampled a

  • Google voice assistant sees 6-fold growth in JioPhones

    New Delhi : Google Voice Assistant, made available On Reliance JioPhones in December 2017, has seen a six-fold growth in its usage, the company has announced. In a move to empower feature phone users in the country, Google on December 5, announced to bring its Voice Assistant on Reliance JioPhone. This was the first time that Voice Assistant was made available in any feature phone. “Since we launched the Google Assistant on

  • WhatsApp payment public launch only after meeting all norms: NPCI

    New Delhi: Clearing the air on the issue of “lack of fair play” in allowing WhatsApp to test a payment feature in India, the National Payments Corporation of India (NPCI) on Friday said that the full scale public launch of the feature will be permitted only after the Facebook-owned platform meets all the required norms. “Currently, NPCI has given its consent to roll out WhatsApp BHIM UPI beta launch with limited user base

  • PNB Scam: SBI has no direct exposure to jeweller Nirav Modi, says chairman Rajnish Kumar

    Kochi: The State Bank of India does not have any direct exposure to high profile fraud-accused jeweller Nirav Modi, but the public sector bank does have an “exposure” to the tune of $212 million by way of a Letter of Undertaking issued by the Punjab National Bank, said SBI chairman Rajnish Kumar on Friday. Kumar said this after inaugurating SBI’s Global NRI Centre here.

  • Gitanjali Gems falls for 3rd day, mcap down by Rs 300 cr

    New Delhi: Market valuation of Gitanjali Gems went down by Rs 300 crore in the last three trading sessions, as the counter saw severe selling pressure after the company came under scanner of various investigating agencies following Punjab National Bank’s Rs 11,400-crore fraud detection.

  • Hyosung Corporation of SouthKorea, the largest global spandex producer, is likely toinvest around Rs 3,000 crore in a manufacturing facility in Maharashtra, a top government official said today.

    Hyosung Corp to invest Rs 3,000 cr in Maha spandex project

    Mumbai: Hyosung Corporation of SouthKorea, the largest global spandex producer, is likely toinvest around Rs 3,000 crore in a manufacturing facility in Maharashtra, a top government official said today. The project will be set up in Aurangabad Industrial City (AURIC), a greenfield smart industrial city being developed across 10,000 acres, as part of the Delhi-Mumbai Industrial Corridor (DMIC), the official said.