Business News

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10 Jul 2017

Amazon

The Amazon Prime Day Sale begins

The Amazon Prime Day Sale started today at 6 pm IST and will be on for 30 hours, and extending up to 11th July midnight.

10 Jul 2017

India

Paytm Mall gets 800 employees, will hire 2,000 more

Paytm appears to be readying itself to become the third major e-commerce entity besides Flipkart and Amazon in India. It recently shifted 800 employees from One97 Communications to Paytm Ecommerce Pvt Ltd which runs Paytm Mall.

10 Jul 2017

Bharti Airtel

Airtel postpaid customers can now carry over unused data

There's good news for postpaid customers of Bharti Airtel. Subscribers will now be able to carry forward any unused data from their current billing period to the next.

10 Jul 2017

India

Why India's biggest stock exchange had to shut

Technical glitches are suddenly becoming a common affair in bourses. Previously, this month a glitch occurred in NASDAQ, which set Apple, Microsoft and other key stocks at a fixed rate.

09 Jul 2017

Samsung

Samsung is back in the game, might beat Apple profits

Things had not gone well in recent past for Samsung. Two consecutive incidents had pushed the Korean giant back to the wall.

09 Jul 2017

BMW

GST brings down the prices of luxury cars

GST may have made some goods expensive for you but luxury cars are not one of them.

08 Jul 2017

Facebook

Reliance Jio's ad offering free DTH subscription is a spam

Ever since Reliance Jio hit the market, it has come up with attractive offers for its customers but a latest Facebook ad by the company offering free DTH subscription is fake.

08 Jul 2017

iPhone

Qualcomm seeks ban on iPhones, says Apple infringes its patents

Qualcomm, the world's largest manufacturer of mobile phone chips, has petitioned for the sale of certain iPhones in the US to be banned.

08 Jul 2017

India

Microsoft is firing people, rumours have now been confirmed

Putting rumors to rest, tech giant Microsoft confirmed that it will, indeed, let go of several employees. The extent of these layoffs is expected to run in thousands.

07 Jul 2017

Indian Government

Govt: Post GST, prison term for not printing revised MRPs

In a bid to ensure compliance by manufacturers and retailers under the new GST regime, the government announced that parties who do not print revised maximum retail prices for unsold or newly manufactured goods would face a severe penalty.

07 Jul 2017

Electric Vehicles

Volvo is e-volving, pledges to go hybrid/electric from now on

Out with the old and in with the new, that's a general sentiment these days. Marking the end of an era and adapting to new sustainable society of the future, Volvo has decided to slowly let go of traditional combustion engines.

07 Jul 2017

Flipkart

Amazon ups Indian investment, Flipkart is bidding its time

Amazon CEO Jeff Bezos, making good on his promise, has now allotted Rs. 341 crore for Amazon Wholesale India i.e. the wholesale B2B arm of its Indian operations and Rs. 1,680 crore to its Indian online wing.

07 Jul 2017

SpiceJet

Lowest Acquisition deal: Ajay Singh acquired SpiceJet at Rs. 2!

SpiceJet owner Ajay Singh acquired the low-cost carrier from Kalanithi Maran in 2015 at just Rs. 2.

RBI: Report fraud within three days to avoid monetary loss

In order to safeguard customers from the growing number or frauds, the Reserve Bank of India has now capped the customer liability at Rs. 25,000, provided they report any unauthorized transaction made in their account within seven working days.

06 Jul 2017

Android

Google Android case will attract a bigger EU fine

Let's hope that Google has been saving up enough for rainy day expenses because right now, another major EU fine is looming overhead. It has already agreed to cough up the $2.7 billion fine levied for favoring its own shopping service over others. However, in its second case filed over its Android mobile OS the fine will be harsher.

06 Jul 2017

India

New telecom policy is being made, ministry wants your opinion

The government is planning an overhaul of its telecom policy and it wants your inputs. The focus, this time around, is to make the policy more consumer centric than before.

06 Jul 2017

India

Top brands Amazon, Vodafone, Jio under fire for misleading ads

Among the 199 complaints received from consumers by Advertising Standard Council of India (ASCI) against companies showcasing misleading ads, as many as 130 advertisements have been upheld.

05 Jul 2017

Narendra Modi

Centre defends 'high' GST rates on sanitary napkins, disability aids

The Centre came under criticism for implementing a 12% tax on sanitary pads and 5-15% tax on disability aids under GST.

05 Jul 2017

India

Indian start-ups need to find the route towards profit soon

The honeymoon period is slowly coming to an end for Indian Internet firms.

05 Jul 2017

South Korea

"Blind hiring" to tackle South Korea's preferential job market

Sadly, there are still some sectors in India where one's personal connection takes precedence over capabilities.

04 Jul 2017

Mumbai

Court initiates Rs 500 crore criminal defamation proceedings against Mistry

A Mumbai metropolitan court has initiated criminal defamation proceedings against ex-Tata Group chairman Cyrus Mistry, his brother Shapur Mistry and their firms.

04 Jul 2017

Delhi

GST: Subsidized LPG cylinder costlier by up to Rs. 32

A subsidized LPG cylinder is now costlier by up to Rs. 32 due to GST. This is the sharpest hike in price in six years.

04 Jul 2017

India

Foxconn will invest Rs. 32,000cr in its Indian expansion plans

Foxconn is ready to invest up to Rs. 32,000cr in India to make it a parallel manufacturing hub to China.

04 Jul 2017

Microsoft

Apple, Google, Microsoft stocks fell prey to a data glitch

Prices of several big-wig stocks like Apple, Google and Microsoft listed on NASDAQ appeared to have gone through an unprecedented spike or plummet after the market closed on Monday.

04 Jul 2017

India

Nandan Nilekani, Helion MD's $100mn fund for Indian start-ups

Infosys co-founder Nandan Nilekani and senior manager of Helion Sanjeev Aggarwal have announced a $100mn fund for promising new ventures that show potential to grow into billion-dollar companies.

04 Jul 2017

Jammu

GST: 22 states scrap checkposts to ensure smooth implementation

To ensure a smooth rollout of the GST, 22 states took down checkposts that would have otherwise delayed trucks and led to additional costs and time.

03 Jul 2017

India

As GST kicks in, you should invest in these stocks

With India's latest tax reform, GST kicking in this month, many industries are faced with uncertainty and confusion.

03 Jul 2017

South Korea

Samsung slashes its workforce first time in 7 years

Samsung has shed some of its Chinese workforce for the first time in seven years, primarily due to restructuring.

03 Jul 2017

India

India's Intellectual Property Exchange will be ready within 8-9 months

India is all set to have its own Intellectual Property (IP) Exchange like that of Hong Kong and the United Kingdom.

03 Jul 2017

India

Know the facts and the myths around GST!

GST is the biggest tax reform in India's history, and businesses across all sectors will take some time to get used to it. False rumors and speculations during transition can be catastrophic.

03 Jul 2017

India

Former Housing CEO Rahul Yadav joins Anuj Puri's ANAROCK

Former Housing CEO Rahul Yadav is now the Chief Product and Technology Officer at ANAROCK Property Consultants, the new venture of real estate industry stalwart Anuj Puri.

03 Jul 2017

Indian Government

Myths surrounding GST won't be tackled by the government

Amid reports of the government taking stringent action against small and huge companies which are not passing on the benefits to their consumers or rising prices disproportionately, the government came out with a message that it won't force firms to decrease prices immediately.

02 Jul 2017

India

Apple slashes product prices with GST rollout

India's shift to the GST regime brings with it good news for fans of Apple.

02 Jul 2017

India

7 industries smartphones are changing

Smartphones have invariably changed the way we live our lives, whether it's by helping us stay connected, informed or entertained.

02 Jul 2017

India

One day into GST, how is India doing?

The nation might have woken up to a new tax regime but it's still grappling with the nitty-gritty of it.

01 Jul 2017

India

Reliance Jio launches 25,000km-long submarine cable system

Reliance Jio Infocomm has unveiled the Asia-Africa-Europe (AAE-1) submarine cable system, comprising telecommunication and internet cables on seabed that carry signals across the oceans.

01 Jul 2017

India

GST: Know how things will change for consumers and producers

At the stroke of midnight hour, when the world slept, India awoke to a new tax regime that is set to disrupt lives across sectors.

30 Jun 2017

India

Spice Mobility inks joint venture deal with China's Transsion

India's Spice Mobility is looking to make a comeback into the crowded mobile phone market in India, according to reports.

30 Jun 2017

India

Confusion still looms large on the eve of GST rollout

With India poised to rollout GST, its biggest tax reform, confusion still looms large.

29 Jun 2017

Wipro

Trump Effect? Wipro says 50% workforce in US are locals

Software giant Wipro announced that over 50% of the company's employees in the United States are locals.