Germany’s Wunder Mobility bets on carpooling to combat India’s pollution problem

With India home to seven of the top 10 most polluted cities in the world, Germany-based mobility solutions provider Wunder is pitching carpooling as an effective remedy to the alarming levels of vehicular pollution in the country.   Continue Reading

India eyes oil from Brazil, Mexico after US sanctions on Venezuela affects imports

India is looking to increase oil imports from Brazil and Mexico to offset the loss of Venezuelan oil in the wake of US sanctions on that country.  Continue Reading

Karnataka Bank reports Rs 13 cr fraud to RBI

Karnataka Bank has said it has reported to regulator RBI about a fraud amounting to Rs 13.26 crore in the fund-based working capital facility extended to SRS Finance Ltd. The fraud was on account of ‘diversion of funds’, the lender said in a BSE filing. Continue Reading

Fitch cuts GDP growth forecast to 6.8% due to weaker economic momentum

In its latest Global Economic Outlook, Fitch also slashed GDP growth forecast for current fiscal year ending March 2019 to 6.9 per cent from 7.2 per cent projected in the December edition. Continue Reading

Amazon to use own labels to tackle new e-commerce norms?

Amazon recently expanded its range of in-house brands, giving more reason for domestic retailers to fight e-commerce giants, despite the government, with its new norms tightening the leash around its neck. Continue Reading