In a report sent to the PM office, Niti Aayog has suggested complete privatisation of Air India along with writing off ₹32000 crores of debt.
Nitin Seth, chief operating officer at Flipkart, has submitted his resignation from the post citing personal reasons. He had joined the group in January 2016
Mukund Rajan and Abhijit Mukerji are considered frontrunners of the top post at IHCL. Rumours suggest that Zubin Dubash and Ajoy Misr are also in contention.
PayU India has set a target of generating ₹650 crores ($100 million) in revenue this financial year.
Anil Ambani led Reliance Communications has defaulted on loan-repayments of over 10 banks. The banks have tagged the company as SMA (Special Mention Accounts)
Income tax department has identified over 400 benami transactions with assets worth ₹600 crores in 6 states including Rajasthan, Delhi, Maharashtra.
HCL has announced to start procedure of buying back shares worth ₹3500 crores at a premium of 17% per share.
The Forum for Information Technology Employees is looking to form a registered union to fight against alleged illegal termination of IT employees.
Ministry of Finance has clarified that under GST, entertainment will attract lower rate of tax than the present rate. This will abolish entertainment tax levied by States.
During the visit to Gujarat, PM lays foundation stones for development in Kandla and calls it 'mini India', which will soon be on global trade map.