Flipkart Leads way with 5% rise in smartphone sales .

NEW DELHI: Online retailer Flipkart strengthened its no. 1 position in the smartphone market on back of high-selling models from Xiaomi and Motorola, taking away share from rivals Amazon and Snapdeal. Flipkart had a 45% share of smartphones sold online in India in the quarter ended September, up 5 percentage points from the share it had in the three months ended June, according to data from Hong…
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JM Financial arm completes stake buy in India Home Loan ;

NEW DELHI: Nimesh Kampani-led JM FinancialBSE 7.05 %’s subsidiary has completed acquisition of 24.5 per cent stake in India Home Loan (IHL) on a preferential allotment basis. “JM Financial Products Ltd, a subsidiary of the company, on December 2, 2016, acquired…

Demonetisation: 27 senior PSU banks officials suspended

In a major crackdown on bank employees involved in irregularities post demonetisation, as many as 27 senior officials of various public sector banks have been suspended and six others transfered to check corrupt practices. The suspensions comes amid reports of Income Tax…