Business News
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29 Jun 2017
Washington DCWarren Buffett started paying taxes when he was just 14!
Reports showed that billionaire Warren Buffett's tax records as a young 14-year old teenager reflect astute investing and finance skills.
29 Jun 2017
India'Vegetarian' capsules: Government forwards controversial proposal to scientific panel
For the benefit of vegetarians, the government is considering substituting animal-based gelatin coating on capsules with plant cellulose.
29 Jun 2017
Bharti AirtelIndian telecom sector will become a four-operator market, says survey
The Telecom sector is currently going through a big reshuffle. Reliance Jio has majorly disrupted the already financially ailing sector.
28 Jun 2017
RobotsBanks are increasingly using robots to answer basic consumer queries
There's no denying the fact that the banking sector is the life-line of the bustling Indian economy and it caters to millions every day.
28 Jun 2017
IndiaIndia's GST paves way for $3 billion tax services industry
With the Indian government opening up the market for GST to be effected from 1 July 2017, the move has given way for a massive industry for GST service providers.
28 Jun 2017
IndiaIndia's NITI Aayog proposes Coal India split
India's policy think-tank NITI Aayog has proposed that the government-owned Coal India Limited be split into seven independent companies to help it become more competitive.
28 Jun 2017
FacebookBiggest "country" on Earth, Facebook hits 2 billion monthly users
Social network giant Facebook has reached yet another milestone!
28 Jun 2017
GoogleApp economy will be worth $6.3 trillion by 2021: Study
People now access the Internet, make more digital transactions using their smartphones as against laptops and in order to do that, they need dedicated apps.
28 Jun 2017
IndiaIBM to collaborate with Indian developers on AI, machine learning
Technology trends like Artificial Intelligence, Machine Learning, and Internet of Things have been gaining momentum for some time now.
28 Jun 2017
Verizon CommunicationsYahoo! will stop accepting AT&T email addresses from June 30
It appears that Yahoo! accounts after June 30 will no longer be accessible via AT&T email addresses or any email addresses belonging to its subsidiaries.
27 Jun 2017
IndiaGST Rollout: 10% duty to be levied on imported smartphones
Under the new GST regime which will kick in from 1st July, the government announced that it would slap a customs duty of at least 10% on imported smartphones.
27 Jun 2017
Tata Consultancy Services (TCS)GST update: E-commerce players get respite from TDS collection
As the nation gets ready for the new Goods and Service Tax regime, e-commerce companies such as Amazon and Flipkart are given a temporary relief from one of their preparation burdens by the finance ministry.
27 Jun 2017
IndiaWith possible change in financial year, budget in November?
There is speculation about change in financial year from 2018. The present April-March cycle might soon be rescheduled to January-December.
27 Jun 2017
Reserve Bank Of India (RBI)Finance ministry to RBI, extend deadline for Basel III norms
Although RBI had extended the deadline for implementation of Basel III banking norms from March 2018 to March 2019, the finance ministry has now asked for another extension citing, banks at present have a higher capital requirement to handle NPAs.
27 Jun 2017
ManesarAhead of GST rollout, Gurgaon-Manesar automobile hub tense
Ahead of GST's rollout, the automobile hub of Gurgaon-Manesar is alive with anxiety. Till now, many small-time suppliers haven't been brought on board yet.
27 Jun 2017
IndiaHDFC Life, Max rejig merger plans after IRDA's cancellation
Post Insurance Regulatory and Development Authority of India (IRDA) rejection of HDFC Life Insurance Co. Ltd and Max Life Insurance Co. Ltd's three-step union, the two firms have extended their merger deadline and have come up with a new structure in compliance with all norms.
26 Jun 2017
IndiaSBI chief's salary is nothing compared to private bank counterparts
When former RBI governor Raghuram Rajan said that top talents shy away from PSBs due to lack of proper remuneration, he was not exaggerating.
26 Jun 2017
MicrosoftTelangana's realty scam worth Rs. 15,000crore; Google, Microsoft also affected
Global and domestic companies in Hyderabad are now in panic mode regarding the valuation of their real estate holdings, as Telangana government commences legal proceedings to cross-examine private and government-auctioned land ownership legitimacy.
26 Jun 2017
FacebookFacebook gears up to launch new app aimed at influencers
Social networking giant Facebook announced plans to unveil a new app later this year, targeted at influencers.
26 Jun 2017
FacebookAn ex-Tesla engineer's herbal cure for hangovers
A South Korean engineer, who has worked with Facebook and Tesla, is now all set to launch his new venture on July 5.
26 Jun 2017
UberUber is unable to retain its new drivers, says report
Uber, whose co-founder Travis Kalanick recently resigned due to investors' pressure, is going to have more trouble ahead as a recent report cited that the firm's retention rates for new drivers in America have gone down significantly during the period between January and May.
25 Jun 2017
IndiaGST rollout: Job market expects 1 lakh immediate openings
India's job sector is eagerly awaiting the GST (Goods and Services Tax) rollout as it expects the tax regime to usher in fresh employment opportunities.
25 Jun 2017
DelhiA week after daily price revision policy, petrol/diesel prices dip
Earlier state-owned oil companies revised fuel prices on 1st and 16th of every month, therefore, consumers didn't get the immediate benefit of any decline in international oil prices.
25 Jun 2017
BusinessUK's gambling firms get rapped; change fraudulent practices, says regulator
UK's Competition and Markets Authority (CMA) is now gearing up to take strict punitive measures against gambling companies, which have been breaking consumer laws for quite some time now.
25 Jun 2017
Infosys36th Infosys AGM: Unhappy founders choose to skip
The 36th Annual General Meeting (AGM) for 2016-17 of Infosys in Bengaluru has reportedly not been attended by any of the co-founders, including NR Narayana Murthy.
25 Jun 2017
Sexual HarassmentSilicon Valley investor steps down after admitting to sexual harassment
Justin Caldbeck, the co-founder of Silicon Valley venture capital firm Binary Capital, announced that he would take an indefinite leave from the company after several allegations of sexual harassment came in against him.
24 Jun 2017
Delhi PoliceSnapdeal files FIR against former GoJavas' promoters
Snapdeal's parent company, Jasper Infotech, has registered a First Information Report (FIR) with the Economic Offences Wing of the Delhi Police against former senior executives of Quickdel Logistics which owns e-commerce logistics company GoJavas.
24 Jun 2017
Indian StartupsBengaluru based start-up Practo being investigated for tax evasion
Bengaluru-based healthcare start-up Practo is reportedly being probed by the Income Tax department for tax evasion allegedly through a cross-border corporate restructuring.
24 Jun 2017
Bharti AirtelAirtel Customer Care support now available in 11 Indian languages
Telecom giant Bharti Airtel announced the launch of its '*121#' Digital Care in 11 Indian languages for making the platform much more accessible to its prepaid users.
24 Jun 2017
CryptocurrencyEthereum price crashes from $319 to 10 cents in seconds
The price of ethereum, an alternate cryptocurrency to bitcoin, crashed from $319 to 10 cents within seconds on the GDAX cryptocurrency exchange causing many ethereum traders to lose large amounts of money.
24 Jun 2017
IndiaRBI to banks: Resolve 55 NPA cases in six months
After pegging down 12 accounts that had racked up 25% or roughly around Rs. 2 lakh crore worth non-performing assets (NPA) in the Indian banking sector, the Reserve Bank of India (RBI) has now given banks a six month time period to resolve 55 cases of bad debt or hand them over for resolution under Insolvency and Bankruptcy Code.
23 Jun 2017
Bharti AirtelTelecom sector will perish if tariff war continues, say firms
The writing is on the wall; the tariff war started by Mukesh Ambani-backed Reliance Jio, if left unchecked would leave behind only one or two non-state providers at the very end, according to Bharti Airtel chairman Sunil Mittal.
23 Jun 2017
CaliforniaThe earthquake alarm that buzzed 92 years late
According to the proverb, to err was only human but with time things change and the erring part gets extended to machines too.
23 Jun 2017
FlipkartSnapdeal-Flipkart merger comes to a halt as Azim Premji objects
According to reports, Snapdeal's merger with rival Flipkart has hit one more roadblock, which can potentially drive down the embattled firm's agreed upon valuation of $1 billion for the sale, if not jeopardize the deal completely.
23 Jun 2017
Electric VehiclesTesla looks to start manufacturing cars in China
Tesla Motors announced that it was in talks with the Chinese authorities to establish a factory in Shanghai, a first in China.
23 Jun 2017
IndiaGST will make life tougher for India's millennial generation
As we edge closer to GST, millennials are taking the biggest tax reform in India's history with a grain of salt.
23 Jun 2017
IndiaIndia informs World Bank of 'overlooked' reforms in its report
After India managed to rise up one level to 130 in World Bank's 2017 'ease of doing business' report comprising of 190 countries; it has sent the message that the survey was faulty and failed to acknowledge several of its reforms.
23 Jun 2017
IndiaAir India story: the airline that was destined to crash
Rumors are afloat that the Tata Group is interested in buying the white elephant of the Indian government, Air India.
23 Jun 2017
FacebookWhatsApp touted as a major news force
Industry experts are now pitching WhatsApp as one of the biggest forms of news media, enabling people to discover and share news.
22 Jun 2017
InfosysRacial Discrimination: Former US employee files lawsuit against Infosys
Erin Green, a former Head of Immigration at Infosys in the United States, filed a lawsuit, accusing the IT major of "racial discrimination" against non-South Asian employees.
