Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
23 Aug 2017
IndiaHDFC becomes the first bank in India to launch DigiPOS
Revolutionizing the way customers make payments to merchants, HDFC Bank has become the first Indian bank to unveil the DigiPOS payment solution that offers a slew of digital payment options.
23 Aug 2017
StartupsBlue Apron now faces multiple class-action lawsuits
Blue Apron has its hands full these days. Not only is it bearing the brunt of witnessing its share price declining to almost half since its June IPO, but also chances of legal trouble are now looming.
23 Aug 2017
IndiaSri Sri Ravi Shankar will sell you toothpastes now
They know that the world is full of "moh" and everything in it is purely "maya" but here they are giving businesses a run for their "money".
22 Aug 2017
iPhoneApple hides 'secret' job, to attract the best talent!
It's an open secret. Crack it and you have a lucrative job waiting for you at one of the biggest tech firms in the world.
22 Aug 2017
Bombay Stock Exchange (BSE)BSE will 'compulsorily' delist 200 firms tomorrow
The Bombay Stock Exchange (BSE) notified via three different circulars that from tomorrow i.e. Wednesday, it will be delisting 200 firms belonging to various sectors.
22 Aug 2017
IndiaONGC takes over HPCL, slated to be India's third-largest refiner
In a regulatory filing, state-owned Oil and Natural Gas Corp has informed that its board has given "in-principle" approval to acquire government's 51.11% stake in Hindustan Petroleum Corp Ltd.
22 Aug 2017
GSTGST tax deposits: Rs. 42,000 crore till now, more anticipated
According to reports, the government has already received as much as Rs. 42,000 crore under the first monthly filing of GST.
21 Aug 2017
UberReport: Former GE CEO being considered for Uber CEO
Since Uber CEO Travis Kalanick was asked to resign from his post in June, Uber's search for a new CEO has been long and dramatic.
21 Aug 2017
IndiaFlipkart goes global, will woo NRIs with desi products
Amazon already does it and from now on, so will Flipkart. The home-grown e-commerce platform will now sell its products to online shoppers in nearly 200 countries.
21 Aug 2017
India169 McDonald's stores in north and east to shut down
The immediate future of all 169 McDonald's stores in the north and east is in doubt. If things go bad, they might even shut down within a fortnight.
21 Aug 2017
State Bank of India (SBI)SBI waives processing fees for several retail loans
The SBI has announced a waiver on processing fees for most of its retail loans, including on car loans, gold loans and other personal loans.
21 Aug 2017
IndiaMaruti Suzuki emerges as the market leader once again
Maruti Suzuki is still the king of Indian streets and it shows.
21 Aug 2017
IndiaSBI tops list of wilful default, PNB next
India's largest lender SBI is shouldering 27% of the total amount that wilful defaulters owe to the public-sector banks.
21 Aug 2017
Aadhaar CardAadhaar will now be compulsory for stock trades, says SEBI
SEBI has asked the bourses to notify if the brokers are prepared to take Aadhaar card details from their clients before December 31.
21 Aug 2017
IndiaBHIM cash back scheme extended for merchants till March
The cash back scheme, that offers merchants incentives of up to Rs. 1,000 when they accept payments via BHIM application, has been extended.
20 Aug 2017
IndiaRepay loans or lose ownership: Jaitley tells companies
Finance Minister Arun Jaitley has warned companies against defaulting on loans, asking them either to pay up or possibly lose ownership.
20 Aug 2017
InfosysUS law firms file suits against Infosys after Sikka's resignation
The ramifications of Vishal Sikka's resignation from Infosys have been huge. Three American law firms have filed class action suits against it over alleged securities fraud, misleading information and unlawful practices.
20 Aug 2017
GSTGST: Deadline for paying taxes, filing returns extended
Providing relief to many businessmen, the government has extended the deadline for paying GST taxes to August 25.
20 Aug 2017
InfosysInfosys share buyback: What you need to know
Infosys CEO Vishal Sikka resigned on 18th Aug, citing slander by the company's founder.
19 Aug 2017
IndiaWho could be the next CEO of Infosys?
Following the resignation of its first non-founder CEO, Vishal Sikka, Infosys is sifting through the resumes of internal and external candidates to find his successor.
19 Aug 2017
Electric VehiclesHyundai plans on introducing a longer-range electric car soon
Hyundai already has an electric model under its kitty, but that model lags behind when compared to the ones introduced by its competitors.
18 Aug 2017
IndiaBSNL wallet in partnership with MobiKwik, gets launched
State-run BSNL, Bharat Sanchar Nigam Limited, has now launched its own digital wallet.
18 Aug 2017
InfosysVishal Sikka's Infosys stint: The highs and lows
Vishal Sikka's tenure at Infosys has been filled with bitter controversies, a war between the Narayana Murthy-led founders' camp and the Sikka-led management, and "unrelenting, baseless/malicious and increasingly personal attacks".
18 Aug 2017
IndiaKolkata 700001, home of 37 shell companies or even more?
After SEBI asked the bourses to take strict action against suspected "shell companies" aka firms that have been created for money laundering, something bizarre was unearthed.
18 Aug 2017
IndiaGovernment is tightening its grip on Chinese businesses in India
The Indian government is now imposing stringent rules for the Chinese businesses delving into the power transmission sector in India.
18 Aug 2017
InfosysInfosys CEO Vishal Sikka resigns, what's next?
Bitter showdowns with the founders, continuous high profile exits and dismal financial condition of Infosys have finally broken down the resilient Vishal Sikka.
18 Aug 2017
IndiaReliance-BP-Niko's KG-D6 cost disallowed by the oil ministry
According to reports, the oil ministry has now imposed a penalty of $264 million on the consortium of Reliance Industries Ltd (RIL), BP Plc. and Niko Resources Ltd.
18 Aug 2017
DNAGMR-led DIAL's JVs made aviation ministry, AAI lose crores
Reportedly, the government auditor, after scrutinizing the GMR group-led Delhi International Airport Private Limited (DIAL), has unearthed that the Ministry of Civil Aviation (MoCA) and the Airports Authority of India (AAI) had undermined public interest by okaying cargo JVs in 2009-10.
17 Aug 2017
Cyrus MistryTata Sons to scrap all deals with Cyrus Mistry's group
Under chairman N Chandrasekaran's directions, the board of Tata Sons has ordered its group companies to scrap all business dealings with Cyrus and Shapoor Mistry's Shapoorji Pallonji Group.
17 Aug 2017
IndiaNarendra Modi will meet 200 start-up entrepreneurs to discuss ideas
Prime Minister Narendra Modi will be meeting the 'champions of change', who have set up successful businesses from the grounds up, today at a session organized by federal policy think tank NITI Aayog.
17 Aug 2017
AmazonAmazon 'Instant Pickup' service delivers items in 2 minutes!
Amazon, in its latest endeavor to supplement its online presence with brick-and-mortar retail, has rolled out 'Instant Pickup'. This facility is currently available only in the US.
17 Aug 2017
PaytmE-wallets offering cashbacks on Reliance Jio recharges
After over a year of free service, Reliance Jio users now need to pay for the service.
17 Aug 2017
Delhi High CourtGet ready to pay more for excess baggage on flights
The luxury of flying keeps getting costlier for the common man. In the latest blow for passengers, airlines are now free to charge up to Rs. 350/kg for luggage beyond 15kg.
16 Aug 2017
UberUber's $12bn investor deal hinges on Benchmark/Kalanick lawsuit
The troubled ride-hailing company Uber is reportedly looking to raise $12bn-worth funds from four investors, Japan's SoftBank Group, China's Didi Chuxing, and American equity firms Dragoneer Investment Group and General Atlantic.
16 Aug 2017
IndiaThe popular defence canteens to undergo major makeover
The defence's popular Canteen Stores Department (CSD) is undergoing a major makeover with an aim to enhance consumer experience.
16 Aug 2017
PaytmPaytm Mall plans to get 50,000 offline sellers onboard
It's not only Flipkart and Amazon which are gearing up for the festive season discount battle. Another major player, which hasn't been making much noise, is now ready to make its move.
16 Aug 2017
iOSGoogle might pay $3 billion to Apple for default search
Apple and Google don't usually come in the same sentence unless we are pitting them against each other. However, there is more hobnobbing among them than they would like to show.
16 Aug 2017
NoidaInsolvency plea: Jaypee homebuyers' claim filing guide
IDBI bank has received the nod to start insolvency proceedings against Jaypee Infratech for defaulting on Rs. 526.11 crore loan that it took for its Wishtown project in Noida.
16 Aug 2017
IndiaUber India launches its first TV commercial, to beat Ola
Uber India has had it rough. From CEO and founder getting fired to the poor handling of Delhi rape case and when you add the incessant driver strikes, things really don't appear chirpy. However, now it's slowly trying to veer the course of its trajectory to a favorable direction.
16 Aug 2017
BBCGoogle, GoDaddy dump US neo-Nazi website, Daily Stormer
After disparaging Heather Heyer, who was killed while protesting at a white supremacist rally in Charlottesville, Virginia US neo-Nazi website the Daily Stormer was forced to switch its domain name providers twice.
