Business News

No jargons, no mumbo-jumbo. Read the unadulterated Business news here.

29 Nov 2017

India

Despite GST-cut, why are detergents like Surf, Vim still costly?

Earlier in November, the GST Council cut tax rates of more than 200 items in an attempt to make common-use items more affordable for the people.

29 Nov 2017

Bharti Airtel

Airtel joins hands with Coursera for creating future-ready workforce

Bharti Airtel has partnered with online education/learning tech company Coursera for teaching advanced skills to its employees as the largest Indian telco aims to become a future-ready organization.

28 Nov 2017

India

Nestle India "in soup" again; Maggi noodles fail lab test

Nestle India is again facing fresh troubles after samples of Maggi noodles were found to be of "sub-standard" quality in a lab-test in Uttar Pradesh.

28 Nov 2017

Aadhaar Card

Amazon makes linking Aadhaar mandatory for tracking lost packages

If you thought you'd linked your Aadhaar number with everything imaginable, you're mistaken. The list of products, services demanding mandatory linking is only getting longer each day.

28 Nov 2017

India

TRAI backs net neutrality: Know what all it has recommended

As the net neutrality debate gains steam in the US, the Telecom Regulatory Authority of India (TRAI) has issued its recommendations on the matter here.

28 Nov 2017

Smartphones

OnePlus 5T goes on open sale: Know all about it!

OnePlus's latest premium flagship OnePlus 5T, starting at Rs. 32,999, is now available for all via Amazon India and OnePlus Store.

28 Nov 2017

Bombay High Court

More trouble for RCom: China Development Bank files insolvency case

There's more trouble brewing for Anil Ambani's debt-ridden Reliance Communications as China Development Bank (CDB) filed an insolvency case against it.

27 Nov 2017

Flipkart

Complaint against Flipkart founders for cheating supplier of Rs. 10cr

The Bansals of Flipkart fame are in trouble, along with three of its employees. A businessman has filed a complaint against these five people alleging they had cheated him to the tune of Rs. 10cr.

27 Nov 2017

Cryptocurrency

What would $1,000 in Bitcoins in 2010 be worth today?

Lately, there has been a lot of buzz surrounding the world's oldest and biggest cryptocurrency, Bitcoin; its value has been growing at a rapid pace.

26 Nov 2017

India

It might be end of the road for Tata Nano

The Tata Nano, the cheapest car launched in India in a decade, is likely to exit the market soon.

25 Nov 2017

Bharti Airtel

"Cheap and best" monthly plans by Jio, Airtel, and Vodafone

The Indian telecom price war intensified with Reliance Jio's entry, which is disrupting the market with one move after another.

25 Nov 2017

India

CEA Arvind Subramanian: Fewer GST slabs in the future

India's chief economic advisor Arvind Subramanian said Goods and Services tax (GST) may probably have fewer rates in the future after "collapsing" the 12% and 18% tax slabs into one.

25 Nov 2017

India

GoAir's massive discounts: Flights at as low as Rs. 312!

Low-cost carrier GoAir is offering flight tickets starting at Rs. 312 (one-way) from seven cities under a limited-period special sale offer on a first-come-first-serve basis.

25 Nov 2017

India

Where do Ambani brothers stand 11 years after split?

Mukesh Ambani's Reliance Industries recently raised $800-million (Rs. 51.66-billion) -to reduce its massive debt of Rs. 2.14-trillion to some extent- through the sale of 10-year bonds overseas at the cheapest rate for a non-financial Indian issuer.

24 Nov 2017

India

Mahindra partners with Uber to bring electric vehicles to India

Mahindra and Mahindra partnered with Uber India on Friday to bring in electric vehicles to India.

24 Nov 2017

India

Restaurants charging more post-GST? You can do these 3 things

The GST Council, in its 23rd meeting in Guwahati, reduced the Goods and Services Tax rate for restaurants to 5% from 18%, which was expected to make eating out cheaper.

23 Nov 2017

Startups

Want to build apps but can't write code? No problem!

In 2014, entrepreneur Tara Reed launched Kollecto, an app that recommends personalized art to users, which was a success.

23 Nov 2017

India

Bharti family pledges Rs. 7,000cr to university for free education

One of India's richest families, the Bharti family, has pledged 10% of their wealth, Rs. 7,000cr, to philanthropy.

23 Nov 2017

India

President approves amendment to Insolvency and Bankruptcy Code

A day after the Cabinet approved amendments to the Insolvency and Bankruptcy Code (IBC), President Ram Nath Kovind has given assent for the law to go into force.

23 Nov 2017

India

Bitcoins are the new "black" in real estate post-demonetization

Over the last one year, the value of Bitcoin -the oldest and largest cryptocurrency- has skyrocketed globally.

23 Nov 2017

Elon Musk

Tesla burns Rs. 3cr/hour; could run out-of-cash by Aug'18

Electric carmaker Tesla has been burning through "a lot" of money over the past one year - a startling amount of $8,000/minute or $480,000 (over Rs. 3.1cr) an hour, according to Bloomberg.

23 Nov 2017

iPhone

China: Students illegally working overtime to build Apple iPhone X

Struggling to meet the iPhone X demand amid production delays, Apple's primary supplier in Asia, Foxconn, has reportedly hired high-school students illegally to assemble the latest iPhone.

22 Nov 2017

Bharti Airtel

Here's how you can now buy Airtel/Vodafone SIM on Amazon

Indian e-commerce major Amazon India, after offering mobile recharges via Amazon Pay, has now started selling SIM cards of leading telecom operators Airtel and Vodafone on its platform.

22 Nov 2017

India

Post GST, restaurant bills can trick you. Here's a guide

Are you a foodie losing your appetite due to confusion pertaining to new prices of restaurant food under the GST regime? Do post-GST restaurant bills confuse you? You needn't worry further.

22 Nov 2017

Uber

Uber paid hackers $100,000; concealed data stolen of 57mn users

Uber is facing another PR nightmare. It has emerged that the company concealed a massive data breach affecting 57mn users/riders for a whole year.

20 Nov 2017

India

GST: 28% list to reduce further, sin/luxury goods to remain

The GST Council is not yet done pruning the list of items under the 28% slab. After cutting it down from 227 to 52, it is now targeting the remaining white goods on the list.

20 Nov 2017

India

SBI to integrate "Blockchain" for Smart Contracts, KYC next month

State Bank of India has announced that it would soon start using "Blockchain Technology" for its products.

20 Nov 2017

India

Egg prices sky-rocket across India. Will we get relief soon?

If you go grocery shopping regularly, you would surely have noticed that egg prices have shot through the roof.

19 Nov 2017

India

Apple to scout for talent at IIT-Bombay this year

2017 will be remembered as the year Apple made inroads into India's campus placements. One of their halts would be at the International Institute of Information Technology-Hyderabad (IIIT-H).

19 Nov 2017

WhatsApp

SEBI to take action against individuals leaking company-data on WhatsApp

Market regulator Securities and Exchange Board of India (SEBI) will look into complaints against individuals who are allegedly circulating key financial data and information about listed companies on social media groups before they are made public, said a SEBI official.

19 Nov 2017

H-1B Visa

US hiking minimum H-1B salary will hit Indian IT firms

In what could be a setback for Indian IT companies and professionals, a new legislation in the US promises to increase minimum salaries of H-1B visa holders from $60,000 to $90,000.

18 Nov 2017

London

Diageo sues Mallya over $40 million payout

Just weeks before a scheduled London extradition hearing, Indian tycoon Vijay Mallya has been slapped with more legal charges, this time by alcoholic beverages multinational Diageo.

17 Nov 2017

India

Jio effect: Airtel offers Karbonn smartphones with attractive refund offers

Keeping up India's intense telecom wars, Airtel has launched two low-cost 4G smartphones in partnership with Karbonn.

17 Nov 2017

Starbucks

GST in restaurants dropped drastically, but is eating out cheaper?

With the government dropping GST in restaurants sharply from 18% to just 5%, many had expected drastically lower bills on eating out.

17 Nov 2017

India

Moody's upgrades India's rating citing reforms: What does it mean?

Thirteen years after last upgrading India's sovereign credit rating, Moody's has done it again, this time increasing it to 'Baa2', and changed the outlook to stable from positive.

17 Nov 2017

Elon Musk

Tesla Semi Truck live launch: Specifications, availability and more!

It is one field day for Tesla as it launches its Semi Truck, which CEO Elon Musk has promised will "blow your mind clear out of your skull and into an alternate dimension."

16 Nov 2017

Paytm

Paytm now lets you borrow interest-free credit! Here's how.

Paytm has been expanding its range of services tremendously, and there's another new product in store.

16 Nov 2017

Bengaluru

Did you know interest on PF post employment is taxable?

Whether you have resigned, retired or were fired, interest on your provident fund account is taxable in the year of credit after employment.

16 Nov 2017

Delhi

Auto-industry welcomes decision to introduce "clean" BS-VI fuel in Delhi

The Centre has decided to introduce the cleanest, Bharat Stage-VI compliant fuel in Delhi by 1 Apr'18, two years earlier than planned, in a bid to reduce vehicular pollution.

16 Nov 2017

India

Indians dominate Forbes 2017 list of Asia's 50 richest families

Seventeen Indian business dynasties have made it to the Forbes 2017 list of Asia's 50 Richest Families.