Future Group founder Kishore Biyani is negotiating an agreement with Amazon that will give the US-based online retailer the option to acquire Biyani in the future, The Economic Times reported last week. The report said the e-commerce giant is in an advanced stage of talks to buy a 9.5% stake in Future Retail Ltd. Amazon has been testing the waters with stakes in smaller offline companies,

India may be the world's sixth largest, but most other things about economy are up for debate.

The Bharatiya Janata Party (BJP) is under fire for the release of new historical GDP figures that significantly downgraded growth during the years the opposition Congress party was in power, replacing old government estimates and those prepared by an independent committee.

Reserve Bank of India (RBI) is unlikely to hike interest rates when it unveils its monetary policy on December 5 as it draws comfort from subdued inflation and falling global oil prices.

The central bank will also want to push up the economy at a time when gross domestic product (GDP) growth for the quarter ended September slowed to 7.1% as compared to 8.2% in the trailing quarter.

Given that Vodafone Idea needs to fork out about half the telecom industry’s annual deferred spectrum payments between now and 2031, it’s not surprising that chairman KM Birla is calling on the government for some relief.

Nearly half or Rs 10,579 crore of the Rs 21,218 crore to be paid out in 2018-19 is Vodafone Idea’s share. In comparison, Bharti Airtel’s annual outgo is smaller at Rs 5,573 crore.

Driving the new Maruti Suzuki Ertiga, one number is sure to attract your attention—the average fuel-efficiency figure displayed on the speedometer screen. On the highways, it will hover around 19kpl, and in city traffic it’s unlikely to drop below 15-16kpl. And here I am talking about petrol, not the diesel which is generally more fuel-efficient.

Aiming to launch its digital payments service in India, WhatsApp’s CEO Chris Daniels has written to RBI governor Urjit Patel, urging him to allow the company to roll out the service as it has met all the requisite norms.

At present, the Facebook-owned company is running a pilot for the service – WhatsApp Payments, with close to 1 million users. It initiated the process for launching the service in India around 2016.

The government has run several programmes, hundreds of NGOs have created awareness about HIV/AIDS, yet there remains a significant gap when it comes to people living with HIV (PLHIV) getting the right treatment, largely because of the persisting stigma and a lack of knowledge.

On the eve of World AIDS Day, experts said apart from the government it was also up to the PLHIV themselves to tell their stories to encourage more number of affected people to come out and receive treatment.

The BJP-led Centre is reviving mega solar power project in Leh and Ladakh with a plan to set up 23 GW of grid-connected solar power projects. The government would tender mega size solar projects to be built by private developers along with transmission network running up to Punjab.

Earlier the UPA-II government tried setting up 7.5GW solar power project but the plan never saw the light of the day.

BENGALURU: Wipro has set a target of $150 million in revenue from its intellectual property (IP) in this financial year, said people aware of the matter. Last year, the Bengaluru-headquartered software services company had clocked a revenue of about $80 million from IP-led business, in keeping with chief executive Abidali Neemuchwala’s strategy to extract more value from the segment, said a person with direct knowledge of the IP business.

The asset monetisation plan of Reliance Communications got a major boost when the Supreme Court on Friday asked the company to submit a corporate guarantee of Rs 1,400 crore to the department of telecommunications (DoT).

The Anil Ambani-company can now proceed with the sale of spectrum to Reliance Jio Infocomm (Jio).

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