Business News
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03 Jun 2020
IndiaScientists are developing UV light tech for city-wide coronavirus disinfection
When it was confirmed that the novel coronavirus can stay on surfaces for hours, governments began deploying disinfection techniques to keep public spaces sanitized.
03 Jun 2020
IndiaCourtesy coronavirus, hotel industry stares at oblivion; recovery unlikely soon
In the months to come, nations are bound to ease restrictions. Some, like India, have already started. But it will be long before the hotel industry bounces back to the pre-coronavirus days.
02 Jun 2020
Mutual FundsFranklin Templeton MF liquidation: All you need to know
After winding up six debt funds and locking Rs. 30,800 crore of investor money, Franklin Templeton India is gearing up to finalize the liquidation process of the schemes through an e-vote.
02 Jun 2020
IndiaOver one-third of MSMEs close to shutting operations: Survey
The brutish impact of the coronavirus pandemic has started revealing itself, with 35% of India's Micro, Small and Medium Enterprises (MSMEs) initiating the process of winding up operations, a survey conducted by All India Manufacturers' Association (AIMO) said.
01 Jun 2020
XZomato launches 'Talent Directory' to help outplace laid-off employees
Days after laying off hundreds of its employees, food tech giant Zomato has launched a public database/directory to help outplace those workers.
01 Jun 2020
OYO RoomsMakeMyTrip lays off 350 employees due to COVID-19: Details here
Following Ritesh Agarwal's OYO Rooms, India's largest travel aggregator MakeMyTrip has laid off 350 employees from its workforce.
01 Jun 2020
Mutual Funds#FinancialBytes: Five myths about SIPs that need to be busted
Mutual funds are one of the most popular investment choices, and Systematic Investment Plans (SIPs) are an excellent way to invest in mutual fund schemes conveniently.
01 Jun 2020
Reliance IndustriesCOVID-19 outbreak: Reliance starts manufacturing 'affordable PPE' for frontline workers
As the number of COVID-19 cases continues to spike in India, Reliance Industries is racing to manufacture protective gear for workers on the frontline.
31 May 2020
IndiaWork from home: The new reality of the 'post-coronavirus world'
In the new "upside-down" world, masks and gloves have replaced hugs and handshakes. Courtesy coronavirus, there's uncertainty, fear, anxiety, and most importantly distancing.
31 May 2020
India#FinancialBytes: Five types of credit card frauds to know about
Credit cards play an essential role in our financial lives and are one of the most widely-used cashless payment methods.
31 May 2020
Myntra#NewsBytesExclusive: How Myntra and Amazon's deliverymen are dealing with coronavirus
The coronavirus-induced lockdown and the battered economy spelled doom for e-commerce giants in the last two months. With little to no deliveries, they generated far less revenue, and the restrictions left hundreds of deliverymen in the lurch.
28 May 2020
IndiaBookMyShow downsizes due to COVID-19, affecting 270 employees
In another big blow stemming from the outbreak of COVID-19, BookMyShow has laid off and furloughed over 18% of its workforce.
28 May 2020
IndiaHappy hours no more: Coronavirus changed rules of eating out
As it crept slyly into our lives, coronavirus upset all the apple carts possible. Beyond the staggering number of people it has killed, the virus has also brought economies to a halt, affecting most sectors.
28 May 2020
XTrump to sign executive order targeting social media firms
US President Donald Trump will sign an executive order pertaining to social media, the White House has confirmed.
28 May 2020
XTwitter CEO responds after employee targeted for fact-checking Trump
When Twitter took the audacious step of debunking 'potentially misleading' tweets by President Donald Trump, a wave of criticism ensued, targeting one single man - Yoel Roth, the Head of Site Integrity at Twitter.
27 May 2020
General MotorsOla Electric acquires Etergo to launch e-scooters in India
Ola Electric Mobility, the EV unit spun out of ride-hailing giant Ola, has acquired Dutch electric scooter manufacturer Etergo.
26 May 2020
UberUber India fires 25% of its workforce: Details here
In another blow to the salaried section, Uber India has laid off 600 employees or nearly a quarter of its workforce in the country.
26 May 2020
LGLG Poland's controversial video shows V60 can take upskirt shots
In the race to promote their products, companies may end up making some blatant marketing errors.
25 May 2020
New ZealandStuff, New Zealand's popular media group, sold for Rs. 46
Stuff Limited, one of New Zealand's largest media organizations, is set to be purchased by its CEO for a single NZ dollar (61 cents).
25 May 2020
Navi MumbaiReliance JioMart now live across 200 Indian cities: Details here
The lockdown enforced to contain the outbreak of COVID-19 has surged the demand for home delivery of essentials, giving a significant boost to the business of e-grocers like Bigbasket and Grofers.
24 May 2020
Samsung2020 Samsung SummerFest Sale: Irresistible deals on best-selling smartphones
Samsung has kicked off its 2020 SummerFest in India, offering attractive deals and cashback offers on some of its best-selling smartphones.
23 May 2020
Android AutoFord extends introductory price offer of Endeavour till July 31
To attract new buyers and make up for the losses suffered due to the COVID-19 lockdown, Ford has extended the introductory price offer on the BS6 Endeavour in India till July 31.
22 May 2020
Mukesh AmbaniJio Platforms raises Rs. 11,367 crore from KKR: Details here
Jio Platforms, the company holding the telecom and digital businesses of Reliance Industries Limited (RIL), has raised Rs. 11,367 crore ($1.5 billion) from US-based equity firm KKR.
22 May 2020
Reserve Bank Of India (RBI)Amid coronavirus crisis, RBI extends loan moratorium till August
Addressing the media on Friday, RBI Governor Shaktikanta Das said the central bank has brought down the repo rate by 40 basis points.
21 May 2020
ZomatoNow, Amazon will deliver food to your home: Details here
Amazon is now venturing into the food delivery vertical.
21 May 2020
ZomatoSwiggy, Zomato launch alcohol delivery in Jharkhand: Details here
Zomato and Swiggy have finally started home delivery of alcohol.
21 May 2020
ZomatoNow, Zomato will warn about restaurants with fake reviews
In a bid to improve its restaurant discovery experience, food-tech giant Zomato is updating its app with some small but useful changes.
20 May 2020
Electric VehiclesGeneral Motors will soon have a 'million-mile' battery
To double down on the electric vehicles' market, leading automaker General Motors (GM) is working to bring million-mile batteries.
20 May 2020
IndiaOla lays off 1,400 employees due to COVID-19 pandemic
Following the footsteps of Uber, Zomato, and Swiggy, ride-hailing giant Ola has also announced the plan to conduct a mass lay-off, affecting around 1,400 of its employees.
20 May 2020
Facebook'Facebook Shops' to take on Amazon in e-commerce: Here's how
After launching several scattered features aimed at buying and selling products, Facebook is making a full-fledged move in the social e-commerce arena to take on players like Amazon.
18 May 2020
AppleNearly 30% of Apple Stores will be operational this week
Apple has started re-opening its stores in different parts of the world.
18 May 2020
UberHow Uber plans to resume operations safely in India
The fourth phase of India's lockdown has started with a particular focus on keeping the public safe while allowing select business activities like cabs and e-commerce deliveries.
18 May 2020
ZomatoAmid COVID-19, Swiggy lays off 1,100 employees
The economic fallout of COVID-19 continues to hit salaried employees, in a way no one could have imagined a few months ago.
17 May 2020
Reliance IndustriesJio Platforms raises Rs. 6,598 crore from General Atlantic
Jio Platforms, the entity holding telecom and digital businesses of Reliance Industries Limited (RIL), has raised Rs. 6,598 crore ($869.8 million) from US-based private equity firm General Atlantic.
16 May 2020
Paytm#NewsBytesExclusive: Amid lockdown, Paytm employees made to forgo leave benefits
As businesses face the brunt of the coronavirus pandemic, employees at the tech firm Paytm have been made to forgo certain leave benefits.
15 May 2020
ZomatoAmid COVID-19, Zomato decides to fire 13% of its workforce
The economic fallout of the ongoing COVID-19 pandemic has started trickling down to salaried employees.
15 May 2020
Business'The Chainsmokers' are investing $50 million in start-ups
The Chainsmokers are planning to invest in start-ups. Alex Pall and Drew Taggart of the world-famous electropop band have launched a venture capital firm called Mantis to back promising start-ups around the world.
14 May 2020
SpotifySpotify is offering one-year subscription at Rs. 699: Details here
As 1.3 billion Indians remain under lockdown, looking for entertainment sources to spend quality time with their friends and family, Spotify is coming to the rescue.
14 May 2020
UberUber fired over 3,500 employees in a 3-minute Zoom call
In a major shocker, Uber has fired more than 3,500 of its employees in customer service, recruitment through a Zoom call that lasted just over three minutes.
14 May 2020
Narendra ModiWhy Sitharaman's stimulus package has left stock market unimpressed
Domestic stocks plunged on Thursday as the government's stimulus package to revive the economy left investors unimpressed.
