Business News
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12 Feb 2017
IndiaGovernment announces plans for a start-up district
India is set to have its first start-up district in Dakshina Kannada.
11 Feb 2017
BusinessNet Indirect tax collection grew by 17%, Net Direct 10.8%
Rs 5.82 lakh crores were collected in direct-taxes between April and January of the last financial-year, 10.8% more in comparison to the corresponding period in 2015-16.
11 Feb 2017
Air IndiaAir India Express eyes tie-ups to manage revenue losses
Low-cost carrier Air India Express (AIE) is looking for code-sharing agreements with other airlines for routes in South East Asia, following the loss of revenue from West Asia.
09 Feb 2017
PepsiCoA company which rents brainpower
Xinova, founded in October 2015, is a Seattle-based company which rents out brainpower to solve problems.
09 Feb 2017
Reserve Bank Of India (RBI)Repo rate unchanged at 6.25%, monetary policy 'neutral'
The rupee closed at a three-month peak of 67.19, and Sensex fell by 45.24 points after the RBI kept repo rate unchanged at 6.25%.
08 Feb 2017
BMWBMW i Ventures announces investment in 3D printing start-up
BMW i Ventures, the automaker's venture capital arm, has made several strategic investments in start-ups which it deemed would be instrumental in shaping future mobility.
08 Feb 2017
Reserve Bank Of India (RBI)RBI maintains status quo on Repo rate
Reserve Bank of India kept Repo rate steady at 6.25 per cent as announced in its Monetary Policy Review on Wednesday.
08 Feb 2017
Mark ZuckerbergA group of Facebook shareholders want Zuckerberg gone
In what is uncannily similar to the Steve Jobs' ouster by Apple in 1985, a group of Facebook shareholders have filed a proposal to remove Facebook founder Mark Zuckerberg from his role as Chairperson of Facebook's board of directors.
08 Feb 2017
Arun JaitleyPunishment if govt employees criticize govt action
Finance Minister Arun Jaitley issued a warning to all government employees of disciplinary action if they criticised government policies in public.
07 Feb 2017
IndiaGovt reduces stakes in ITC by 2%
The government divested 2 percent of its stake held in FMCG giant ITC through the Specified Undertaking of the Unit Trust of India (SUUTI).
07 Feb 2017
Arun JaitleyThe core team that drafted the Budget
Finance Minister Arun Jaitley was closely assisted by a team of seven top officials in drafting the Budget for 2017-18.
07 Feb 2017
Arun JaitleyCapital gains tax only on sham transactions - CBDT
An "exhaustive list" of transactions will be exempted from the proposed 10 per cent long-term capital gains tax on investors in unlisted companies, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said today.
05 Feb 2017
RuPayBanks free to fix charges on cashless transactions
To encourage greater participation by banks in developing cashless economy, the Reserve Bank of India (RBI) has allowed them the freedom to fix service charges on cashless transactions.
05 Feb 2017
Donald TrumpApp helps you find love based on what you hate
People often look for partners with whom they have much in common, especially mutual likes.
04 Feb 2017
Supreme Court Of IndiaIDFC chief Vikram Lamaye to head NSE
After the sudden exit of former chief Chitra Ramkrishna from the National Stock Exchange (NSE) two months ago, the largest bourse in the country today selected IDFC MD and CEO Vikram Lamaye to fill in the position.
03 Feb 2017
Central Board of Direct Taxes (CBDT)Retrospective tax relief on FPI indirect tranfers
With retrospective effect from financial year 2011-12, two categories of foreign portfolio investors (FPIs) are exempted from tax on indirect transfers.
03 Feb 2017
Arun JaitleyOil PSUs to merge into a giant company
Major oil PSUs will be combined to form a behemoth oil company, FM Arun Jaitley announced in the Budget 2017-18.
02 Feb 2017
IndiaBudget 2017: Tax sops to boost MSME ecosystem
Finance Minister Arun Jaitley announced a variety of tax sops directed at the micro, small and medium enterprises (MSME) sector in the budget yesterday.
01 Feb 2017
IndiaUnderstanding the Union Budget
The Union Budget is the annual financial statement mandated under Article 112 of India's Constitution. From this year, the Budget will be presented on Feb 1.
01 Feb 2017
United States of AmericaPiramal buys intrathecal spasticity drug from UK's Mallinckrodt
Piramal Enterprises would buy a drug portfolio for Rs 1,160 crore from UK-based Mallinckrodt LLC for treating spasticity (muscle disorder) and pain management.
31 Jan 2017
ToyotaVolkswagen trumps Toyota to be world's largest carmaker
Japanese carmaker Toyota has lost its title of being the world's biggest carmaker to German giant, Volkswagen.
31 Jan 2017
IndiaTop sector expectations from the budget
Auto, banking, FMCG, infrastructure and power sectors are expecting a push from the government.
31 Jan 2017
IndiaArun Jaitley presents Economic Survey 2016-17 to Parliament
Finance Minister Arun Jaitley tabled the Economic Survey 2017-18 prepared by Chief Economic Advisor Arvind Subramanian.
31 Jan 2017
FoxconnApple's indifference to President Trump's demands
President Trump, who is pushing hard for American goods to be "made in America", vowed during his campaign that he would force Apple to start producing on US soil.
30 Jan 2017
IndiaMastercard eyes on tapping India's e-commerce growth
Identifying India among top priorities in the Asia-Pacific region, Global payments giant Mastercard said they will further invest in the country, where they grew by over 30% in the last two years.
30 Jan 2017
Bharti AirtelIndia Post launches payment bank in Raipur and Ranchi
Enabling greater financial inclusion to rural areas, India Post Payment Bank (IPPB) was launched on pilot basis in Ranchi and Raipur today.
30 Jan 2017
Washington DCDonald Trump's decision to ban refugees and immigrants
On Friday, Donald Trump signed an executive order which suspended the intake of refugees from Syria for 120 days, and blocked immigration from Syria, Iran, Iraq, Libya, Yemen, Sudan and Somalia for 90 days.
28 Jan 2017
Johnson & JohnsonJohnson & Johnson buying Swiss biotech firm Actelion for $30bn
American healthcare major Johnson & Johnson (J&J) is acquiring Swiss biotech firm Actelion in a $30 billion all-cash deal.
27 Jan 2017
AppleIs Apple really making an iCar?
Although Apple has not commented on any plans to make an electric car, there are rumours abound which say that Apple is making an electric car with autonomous driving features.
26 Jan 2017
United States of AmericaIndian techie sells company for $3.7bn to Cisco
Jyoti Bansal, an IIT Delhi alumnus, has sold his company AppDynamics to Cisco for $3.7 billion.
26 Jan 2017
Indian ArmyBorder security start-up receives funding boost
In a pre-series A funding round, border security start-up CRON Systems raised an undisclosed-amount from VC firm YourNest. YourNest has recently announced the launch of its second fund which was set up in September 2016 with a Rs.300 crore corpus.
26 Jan 2017
DLFINOX is leading bidder for SRS cinemas
INOX Leisure Limited (INOX) is reportedly the highest bidder for SRS Cinemas.
24 Jan 2017
IndiaBudget giveaways uncertain due to demonetization distress
Finance Minister Arun Jaitley is under pressure to offer tax giveaways and increase capital and welfare spending in the upcoming union budget.
21 Jan 2017
FlipkartE-commerce sector losses could remonetize economy
E-commerce sector biggies like Flipkart, Snapdeal and Amazon have cumulatively reported an increase of 51% of total losses amounting to Rs.11,754 crore.
20 Jan 2017
San FranciscoUber to pay $20mn to "misled" American drivers
Uber has agreed to pay $20 million to settle allegations that it "misled" drivers with false promises on how much they would earn and pay to finance a car.
17 Jan 2017
IndiaRolls-Royce to pay $813 million for bribery settlement
UK engineering giant Rolls-Royce, in exchange of avoiding prosecution over bribery charges, is set to pay over $600 million to Britain's Serious Fraud Office (SFO), $170 million to the US Department of Justice, and $25 million to Brazil's Ministério Público Federal.
15 Jan 2017
NITI Aayog45 people become lakhpatis under NPCI schemes
The Centre revealed that its incentives of announcing lucky draws to encourage electronic payments had already made 45 people 'lakhpatis'.
14 Jan 2017
VietnamPETA buys share in Louis Vuitton Moet Hennessey
Animal rights activist group PETA has bought shares in French luxury goods company Louis Vuitton Moet Hennessey (LVMH) in a bid to stop it from selling exotic animal skin products.
13 Jan 2017
IndiaApple's plans of setting up a manufacturing plant in India
Apple, the world's most valuable company, is in the process of negotiating terms with India for setting up a manufacturing plant.
13 Jan 2017
Alfa RomeoChrysler cheats on emission: Hides regulator from EPA
The Environmental Protection Agency accused Fiat Chrysler of violating Clean Air Act by purportedly installing and slipping to reveal software in almost 104,000 cars and trucks that reconstructs emissions.
