Business News

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15 Sep 2017

India

Engineers' Day: The Indian legends making us proud

Not many people know this, but the birth anniversary of Bharat Ratna awardee Mokshagundam Visvesvaraya is commemorated as Engineers' Day.

15 Sep 2017

Google

Google sued over sexual discrimination by 3 female ex-employees

Three female former Google employees have sued the tech giant, accusing it of paying women less than men for comparable work.

14 Sep 2017

India

Wholesale price inflation touches four-month high at 3.24%

Wholesale price inflation in India rose to 3.24% in August, double that of 1.88% in July. It was the fastest rise in four months. Last August, it was 1.09%.

14 Sep 2017

India

Google to launch digital payment service in India next week?

If reports are to be believed, Google is launching a localized digital payment service in India as early as next week.

13 Sep 2017

Apple

After iPhone X launch, massive discounts on existing iPhones!

Apple fans have got more to be excited about, and not just the launch of its new products. After unveiling the iPhone 8, iPhone 8 Plus, iPhone X, Apple Watch 3 and Apple TV, the company has announced massive discounts on its existing smartphones.

13 Sep 2017

Facebook

WhatsApp co-founder Brian Acton to leave company

WhatsApp co-founder Brian Acton took to Facebook to announce he is leaving the company.

13 Sep 2017

India

Service charge in restaurants may soon be taxable

Five months after declaring that service charge at restaurants should be voluntary, the consumer affairs ministry has urged that such charge should be taxed.

13 Sep 2017

India

Lupin will bring new class of diabetes drugs to India

Pharma major Lupin Ltd intends to bolster its diabetes drugs offering in the Indian market by introducing a new class of drugs in its portfolio via the in-licensing route.

12 Sep 2017

India

HDFC m-cap unseats TCS, end of day TCS regains slot

HDFC Bank, which was recently recognized as a D-SIB or domestic systemically important bank, for a brief period on September 12, managed to unseat IT bellwether Tata Consultancy Services (TCS) as the country's second most valued firm in terms of market capitalization.

12 Sep 2017

India

New Rs. 100 coins, Rs. 5/10 coins to undergo changes

The Finance Ministry will be issuing Rs. 100 coins to commemorate the birth centenary of AIADMK founder Dr MG Ramachandran and singer Dr MS Subbulakshmi.

12 Sep 2017

India

SBI Card to soon introduce cardless payments

Soon, SBI Card customers will be able to make payments by simply tapping their smartphones on swipe machines.

12 Sep 2017

India

Indian banks need $65 billion to meet BASEL norms: Fitch

To meet BASEL III norms, Indian banks will need an additional $65 billion by March 2019, said Fitch Ratings. PSU banks would require 95% of it.

12 Sep 2017

India

Samsung Galaxy Note 8 launched in India at Rs. 67,900

The much-awaited launch of the Samsung Galaxy Note 8 is here. This and Apple's latest iPhone X have been the hottest new phones of 2017 yet.

12 Sep 2017

India

SEBI to reduce mutual fund schemes

SEBI's MF advisory panel has now come up with stringent definitions, on which mutual funds should be categorized.

12 Sep 2017

India

Bharat Financial, IndusInd Bank sign exclusive merger talk deal

BFIL, after months of speculation, formally confirmed that it has signed an exclusivity agreement for a potential merger with IndusInd Bank.

12 Sep 2017

Bharti Airtel

Airtel's smartphone vs. Jio's feature phone

Airtel has been gearing up to bring a phone of its own to counter the JioPhone.

11 Sep 2017

India

SC asks debt-ridden Jaypee to deposit Rs. 2,000cr by October

In relief to homebuyers, the SC last week stayed insolvency proceedings against Jaypee Infratech which has defaulted on loans worth crores.

11 Sep 2017

India

Aamby Valley: I-T department claims Rs. 24,843 crore from auction

Sahara's tussle with the authorities continues. As per a recent development, the I-T department has claimed Rs. 24,843 crore from the proceeds of the planned auction of Sahara's Aamby Valley City in Pune.

11 Sep 2017

Asia

Apple has $256.8 billion in its cash reserve doing zilch

For a company that started in a garage, Apple has come a long way and now its financial reports show that it has a $256.8 billion cash stockpile, sitting comfortably in its accounts.

11 Sep 2017

Punjab National Bank

From 1st Oct, PNB customers to pay after five ATM-transactions

Currently, Punjab National Bank (PNB), which is the country's second-largest public sector bank, allows its account holders to make unlimited transactions, both financial and non-financial, from its ATMs without charging any money.

11 Sep 2017

Odisha

Tata Trusts plans to invest Rs. 500cr to elevate tribals

Tata Trusts, the philanthropic arm of Tata group, will spend over Rs. 500 crore for the betterment of tribals in four states over the next five years.

11 Sep 2017

Visakhapatnam

Dr. Reddy's Duvvada unit gets six observations from German regulator

German regulatory authority has issued six major oBSErvations pertaining to good manufacturing practices (GMPs) of Dr. Reddy's Laboratories' (DRL) for its Visakhapatnam plant.

10 Sep 2017

Mukesh Ambani

How will Reliance Jio make money?

It's been a year since Reliance Jio's debut. In this period it has earned itself the tag of being a telecom disruptor and more.

10 Sep 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.

10 Sep 2017

Infosys

Infosys to recruit 6,000 techies annually for next 2 years

Despite Vishal Sikka's resignation and turbulence over clashes between board members and founders over corporate governance issues, Infosys has announced that it will continue to recruit 6,000 employees per annum for the next two years.

10 Sep 2017

India

CBI unearths money laundering scam of Rs. 424 crore

CBI has lodged an FIR against 19 firms for money laundering via shell firms. These firms have sent over Rs. 424 crore in foreign remittances, making around 700 transactions.

10 Sep 2017

India

Indian start-ups that crashed in 2017

A recent study, titled "Entrepreneurial India" by the IBM Institute for Business Value and Oxford Economics, showed that 90% of Indian start-ups fail within the first five years.

10 Sep 2017

Travel And Tourism

Muffin, an app that promises to make planning trips easier

If you have ever tried planning a trip, birthday party or just a simple night out, you will nod your head vehemently in agreement, when I say it's not an easy task.

10 Sep 2017

India

Air India's debt may get excluded for stake sale

Centre may keep out a part of Air India's debt to draw investors.

NEFT, RTGS, UPI: Here's everything to know about online transfers

With the government's increasing focus on Digital India, it has gradually attempted to create a cashless economy. Interfaces like UPI are a product of changing times.

09 Sep 2017

India

RBI governor's term and tenure must be safeguarded: Rajan

A few days after revealing sensational details about the demonetization exercise, former RBI governor Raghuram Rajan has said the central bank head's "term and turf" have to be safeguarded.

09 Sep 2017

India

Debit card fraud: How can you get your money back!

With electronic methods of payment increasingly becoming the dominant way of transacting, risks of fraud are also increasing.

09 Sep 2017

Egypt

History's richest men: Gates is an average-Joe in Akbar's eyes

If someone asks who are the richest people in the world right now, the answer would be pretty easy. It's Bill Gates, Warren Buffet, and Jeff Bezos.

09 Sep 2017

Reliance Jio

Jio offers 25GB free data to Intex 4G smartphone users

Jio is the gift that keeps on giving. Every Reliance Jio user will now receive up to 25GB of additional 4G data if they purchase an Intex smartphone, thanks to the partnership between the two firms.

Investing in stocks: Know your investment options

People's decision to invest in stock markets are largely affected by misconceptions about the stock market, a lack of adequate information, and a limited amount of funds.

09 Sep 2017

Chennai

Banks 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.

SBI Life Insurance's Rs. 8,500 crore IPO receives SEBI nod

According to reports, Securities and Exchange Board of India (SEBI) has given approval for the initial public offering (IPO) of SBI Life Insurance Co. Ltd, which is a joint venture between State Bank of India and BNP Paribas Cardif.

09 Sep 2017

North Korea

Gold prices reach 11-month high over North Korea tensions

On Friday, the price of gold rose by Rs. 990 to Rs. 31,350 per 10 grams over global cues, reaching the highest price in 11 months.

09 Sep 2017

Karnataka

Paytm Gold targets Rs. 1,400 crore sales in FY18

Paytm's Digital Gold is the result of a tie-up between the government-promoted MMTC-PAMP and digital payments firm Paytm, which enables it to sell 24 karats 999.9 International standard purity gold on its platform.

08 Sep 2017

Hollywood

Disney takes back Marvel and Star Wars movies from Netflix

It's already been decided that Disney and Netflix will part ways in 2019 and the separation is going to hurt Netflix a lot.