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Amazon is turning 25 - here's a look back at how it changed the world

Amazon is turning 25 - here's a look back at how it changed the world

A quarter of a century ago, on July 5, 1994, a company, which shared a name with the world’s largest river, was incorporated. It sold books to customers who got to its website through a dial-up modem.

It wasn’t the first bookstore to sell online. (Books.com launched in 1992.) But it behaved like a local store, whose shopkeeper knew customers by name – a bell even rang in the company’s Seattle headquarters every time an order was placed.

Tata Motors to lead transition towards electric mobility: N Chandrasekaran

Tata Motors to lead transition towards electric mobility: N Chandrasekaran

Tata Motors is committed to leading the transition towards electric mobility in the country and it looks to closely work with other group entities to create a viable environment for green vehicles, group chairman N Chandrasekaran said. Chandrasekaran in the Tata Motors’ Annual Report for 2018-19 said that electric vehicles are necessary for India.

Petrol price hiked by Rs 2.45, diesel by Rs 2.36 following tax hike in Budget

Petrol price hiked by Rs 2.45, diesel by Rs 2.36 following tax hike in Budget

Petrol price was Saturday hiked by a minimum Rs 2.40 per litre and diesel by Rs 2.36 after Finance Minister Nirmala Sitharaman raised taxes on the fuels to part-fund her Budget for 2019-20. Petrol price in Delhi was increased by Rs 2.45 per litre to Rs 72.96 while the increase in Mumbai was Rs 2.42 to Rs 78.57, according to a price notification issued by state-owned Indian Oil Corp (IOC).

BSNL gets government nod to provide special pre-loaded SIMs for Amarnath pilgrims

BSNL gets government nod to provide special pre-loaded SIMs for Amarnath pilgrims

State-owned telecom firm BSNL has received approval of the home ministry and the Department of Telecommunications to provide special SIM to Amarnath pilgrims.

"Since prepaid connections of other states are not allowed to work in Jammu and Kashmir, special pre-loaded Yatra SIMs are being provided by BSNL with the approval of the Ministry of Home Affairs and the DoT," BSNL said in a statement.

Forex reserves hit new high of $427.67 billion

Forex reserves hit new high of $427.67 billion

India's foreign exchange reserves swelled by USD 1.262 billion to scale a fresh high of USD 427.678 billion in the week to June 28, boosted by higher foreign portfolio investments and a stable rupee, RBI data showed Friday.

In the previous reporting week, the reserves had surged by USD 4.215 billion to USD 426.42 billion.

NCDEX gets Sebi's approval to launch 'whole moong' futures on July 8

NCDEX gets Sebi's approval to launch 'whole moong' futures on July 8

India's largest agri centric commodity futures trading platform, the National Commodity & Derivatives Exchange (NCDEX) is planning to launch futures trading in 'whole raw moong' (not for direct consumption) on July 8.

Moong is one of the highest consuming and trading varieties in the Indian pulses basket.

Budget 2019: Rs 70,000 cr injection for public sector banks

Budget 2019: Rs 70,000 cr injection for public sector banks

To boost consumption demand in the economy, the government will provide Rs 70,000-crore capital support to public sector banks (PSBs).

The refinance will depend on the credit growth of banks. This is part of the Rs 2.11 lakh crore outlay that the government had announced in 2016 to recapitalise the banks. However, the finance minister did not announce any measures to ensure that indiscriminate lending is capped.

Budget eases criteria of obtaining Aadhaar for NRIs with Indian passport

Budget eases criteria of obtaining Aadhaar for NRIs with Indian passport

Budget 2020 has eased the criteria of obtaining Aadhaar card for non-resident Indians (NRIs) who hold an Indian passport and also made some tax-related proposals. Now, Aadhaar card for NRIs with Indian passports will be issued after their arrival in India, without waiting for the mandatory 180 days. Second, gifts by Indian residents in the form of property or money will be taxable in India.

Budget 2019 is an excellent growth blueprint, says DLF CEO Rajeev Talwar

Budget 2019 is an excellent growth blueprint, says DLF CEO Rajeev Talwar

This Budget is an excellent vision statement to make India a $5-trillion economy. An intermediate goal has been announced for achieving a $3-trillion economy in this financial year.

Emphasis on infrastructure, micro, small and medium enterprises and Digital India are going to be key sectors for achieving 8 per cent growth.

Freedom fighters pension scheme not available to married daughter: Delhi HC

Freedom fighters pension scheme not available to married daughter: Delhi HC

Pension under Swatantrata Sainik Samman Yojna is available to a freedom fighter, his widow or unmarried daughters, the Delhi High Court has held while rejecting a plea for extending it to his widowed daughter.

Justice Vibhu Bakhru was informed by the Centre that the scheme is not available to married daughter of a freedom fighter.

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