WhatsApp to set up local entity

Facebook-owned WhatsApp has agreed to form a corporate entity in India and develop technological tools designed to stop the spread of fake news and other repugnant messages that could foment trouble in the country.
Our Special Correspondent Aug 22, 2018 00:00 IST

Ikea weighs Bengal hub

Swedish giant Ikea has expressed a desire to tap Bengal as a global sourcing hub for natural fibre products, apart from setting up 1-2 stores in the state.
Our Special Correspondent Aug 22, 2018 00:00 IST

Jet Air scrip hits air pocket

Shares of Jet Airways ended lower by around three per cent on Tuesday on reports of the corporate affairs ministry undertaking a preliminary enquiry into the full-service carrier.
Our Special Correspondent Aug 22, 2018 00:00 IST

FPIs get a breather

In a relief to FPIs, market regulator Sebi on Tuesday extended the deadline by two months till December for providing a list of beneficial owners, and assured them that issues raised will be looked into by an expert panel.
Aug 22, 2018 00:00 IST

Push for OVL listing

The government has asked ONGC to list its overseas investment arm, ONGC Videsh Ltd, on the stock exchanges and transfer the proceeds to it in the form of a special dividend, helping to meet its divestment target, according to a letter by Dipam.
Aug 22, 2018 00:00 IST

Bengal firms on NSE

The National Stock Exchange hopes to list 100 small and medium enterprises from Bengal on its NSE Emerge platform by 2020. A memorandum of understanding has been signed between the NSE and the department of MSME and textiles of the state government.
A Staff Reporter Aug 22, 2018 00:00 IST

Private shipbuilders seek capital support

As many as 22 private shipbuilders, most of them ailing financially, on Tuesday met shipping minister Nitin Gadkari and a team of top government officials to seek Rs 15,000-crore in working capital and fresh orders.
Our Special Correspondent Aug 22, 2018 00:00 IST

Senco set for market debut

City-based Senco Gold plans to raise Rs 600 crore through an initial public offering. The jewellery retailer has filed a draft red herring prospectus with capital market regulator Sebi with plans to use part of the proceeds for expansion.
A Staff Reporter Aug 22, 2018 00:00 IST

Government asks WhatsApp to set up local entity, find solution to trace origin of fake messages

In a stern message to Whatsapp, the government on Tuesday said the messaging platform will need to set up a local entity and find a tech solution to trace the origin of fake messages on its platform. 
Aug 21, 2018 14:17 IST

Rethink on export sops

India has started work on an array of export promotion schemes that leave out subsidies, which have been targeted by the US in a complaint with the WTO.
Jayanta Roy Chowdhury Aug 21, 2018 00:00 IST

Star Health now has a new owner

Well-known investor Rakesh Jhunjhunwala has teamed up with a consortium of private equity firms that include WestBridge Capital and Madison Capital to acquire private health insurer Star Health in a deal estimated at around Rs 6,500 crore.
Our Special Correspondent Aug 21, 2018 00:00 IST


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