Business News

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21 Feb 2018

Narendra Modi

PNB-scam: CBI arrests three employees, including 'man who revealed fraud'

CBI has arrested three PNB employees including one who, according to their lawyer, was "instrumental" in revealing the Rs. 11,400 fraud.

21 Feb 2018

Flipkart

How Flipkart-owned PhonePe aims to reinvent UPI

Propelled by demonetization, cashless transactions saw a rise with Unified Payment Interface (UPI) trying to usher users towards a cashless economy.

20 Feb 2018

OYO Rooms

ZO Rooms sues OYO Rooms over 'data theft'

Zostel Hospitality, the parent company of ZO Rooms, has sued OYO Rooms in a Gurugram court over data theft.

OrCam: This lesser-known company got a $1 billion valuation

OrCam Technologies Ltd., an Israeli company developing technology for visually impaired people, has been valued at $1 billion after completing a funding round of $30.4 million.

20 Feb 2018

Bharti Airtel

Airtel offering Rs. 2,000 cashback on Nokia 2, Nokia 3

Indian telecom service provider Bharti Airtel has announced that it will offer a cashback of up to Rs. 2,000 over a period of 36 months on Nokia 2 and Nokia 3 smartphones.

20 Feb 2018

India

Google Tez now supports bill payments for over 80 billers

Google's Tez payments platform now allows users to pay utilities and several other bills in just a few taps through the Tez app.

Debt-ridden Aircel to file for bankruptcy, exit market soon

It looks like Aircel is in deep water as it's soon going to file for bankruptcy at National Company Law Tribunal (NCLT), according to ET.

19 Feb 2018

iPhone

Apple's disastrous new campus: Employees keep smacking into glass walls

Apple employees can't seem to stop bumping into the ring-shaped building's transparent glass walls in Apple's futuristic $427 million spaceship campus in Cupertino.

18 Feb 2018

Reliance Jio

JioPhone is now available on Amazon

Reliance's JioPhone is now officially available for interested customers on Amazon. Last week, Mobikwik became the first non-Jio platform to offer the feature phone.

18 Feb 2018

India

Indian banks may lose Rs. 19,000cr in PNB-fraud: I-T Dept

The Income Tax Department stated Indian banks could lose Rs. 17,632cr from loans and corporate guarantees provided to Punjab National Bank in the Rs. 11,400cr fraud.

18 Feb 2018

India

Every four hours, one Indian banker gets caught for fraud

An analysis of data compiled by the Reserve Bank of India (RBI) has revealed that on an average, at least one in India is caught and punished for fraud every four hours.

17 Feb 2018

Bharti Airtel

Airtel's recharge plan of Rs. 9 offers unlimited voice calls

In a bid to combat competition from Reliance Jio, Airtel has launched a new entry-level recharge pack of Rs. 9 for its prepaid users.

17 Feb 2018

Flipkart

Walmart may soon buy more than 40% of Flipkart: Reports

In a direct attack on Amazon, American retailer Walmart may soon buy more than 40% of India's e-commerce giant Flipkart. The talks are to begin from next week, Reuters reported on Friday.

17 Feb 2018

San Francisco

Coinbase allegedly drains bank accounts, blames Visa for duplicate transactions

Coinbase, a popular cryptocurrency exchange, is allegedly charging its customers, without an authorization, multiple times for a transaction and this to an extent that some customers went broke.

16 Feb 2018

iPhone

Apple selling refurbished iPhone 7, iPhone 7 Plus units

Since February 1, Apple has started selling refurbished units of iPhone 7 and iPhone 7 Plus.

Gitanjali shares fall for third day, investors lose Rs. 300cr

Shares of Gitanjali Gems fell for the third straight day today. It dropped another 20%, closing at Rs. 37.45 on NSE.

16 Feb 2018

India

Facebook is the world's most evil company: Paytm founder

Vijay Shekhar Sharma, founder and CEO of India's biggest mobile wallet firm Paytm, has called Facebook "the most evil company in the world."

15 Feb 2018

India

PNB fraud case: Govt. revokes Nirav Modi's passport

The government on Thursday announced that it had revoked the passport of the absconding Nirav Modi, the billionaire jeweller who recently became notorious after defrauding the Punjab National Bank of Rs. 11,400 crore.

15 Feb 2018

India

I am an entrepreneur, I should not be taken seriously

That entrepreneurs are dreamy is an understatement. People outside the 'chaar dewari' find this job glamorous, people inside it find it lonely.

15 Feb 2018

India

Xiaomi beats Samsung, leads Indian smartphone market in Q4 2017

According to IDC, Xiaomi has toppled Samsung to lead the Indian smartphone market in Q4 of 2017.

14 Feb 2018

India

Punjab National Bank reports Rs. 11,366cr fraud at Mumbai branch

India's second-biggest state-run lender Punjab National Bank (PNB) has reported a $1.7bn fraud (roughly Rs. 11,366cr) at a single Mumbai branch.

13 Feb 2018

India

What if the world's richest paid for government spending?

Bloomberg Politics has constructed an index to see how many days governments can keep running if the richest person from each country pays for governments' expenditure.

13 Feb 2018

Reliance Jio

Reliance JioFiber: Launch, speeds, tariffs, and more

After creating shockwaves in the mobile internet segment, Reliance Jio is poised to bring the same disruption into the broadband space.

13 Feb 2018

India

Citi India bans use of cards for cryptocurrency purchases

Despite the spike in cryptocurrency valuation across the world, governments seem to be cracking down on cryptocurrencies.

13 Feb 2018

India

Now book an Ola cab on Hike Messenger!

Hike Messenger has announced a partnership with cab-booking app Ola. With this, Hike users will now be able to use Ola on the messenger itself.

11 Feb 2018

India

Eight tax officers to handle your GST queries online

In light of mass complaints regarding lack of information about the GST, the Finance Ministry has roped in eight tax officers, all assistant commissioners, to answer related queries on Twitter/email with immediate effect.

11 Feb 2018

Bharti Airtel

Airtel offers more features on Rs. 93 unlimited pack

To take on its rival Jio's cheap plans, Airtel has revised its Rs. 93 plan for select prepaid users.

11 Feb 2018

India

Xiaomi India rolls out free one-day Express Delivery service

Chinese smartphone giant Xiaomi has launched a new "Express Delivery" service in the country for delivering the orders, placed on the official Mi.com website and Mi Store app, within one day.

10 Feb 2018

Facebook

Why did Facebook hire pollster to monitor Zuckerberg's image?

Last year Facebook hired a full-time pollster, Tavis McGinn, to monitor what people around the world thought about Mark Zuckerberg.

10 Feb 2018

Uber

Waymo, Uber mutually settle trade secret lawsuit mid-trial

The trade secret lawsuit between ride-hailing company Uber and Google's self-driving car spin-off Waymo has reached a settlement.

10 Feb 2018

Bharti Airtel

These Indian stocks are going strong despite global market turmoil

Stock markets around the world plunged earlier this week, suffering losses following a 4.6% drop in US Dow Jones.

10 Feb 2018

iPhone

Here's your chance to get iPhones, iPads for Rs. 15,000

If you are one of those who always wanted to own an iPhone or iPad but couldn't afford the hefty price tags, here's some good news.

09 Feb 2018

Samsung

Flipkart's 'Samsung Carnival': Offers on smartphones, tablets, Smart TVs

Flipkart is hosting an exclusive "Samsung Carnival" sale and is offering amazing deals and discounts on Samsung products across all categories.

09 Feb 2018

India

Google penalized with Rs. 136cr fine for abusing market position

National antitrust watchdog Competition Commission of India (CCI) has imposed a fine of Rs. 136 crore on tech giant Google for indulging in "search bias" and abusing its dominant position in online web search and online search advertising markets.

09 Feb 2018

PepsiCo

Who are you trolling? Indra Nooyi? But why?

Like hundreds of others, I want a burger that doesn't spill all over while eating.

09 Feb 2018

Delhi High Court

Malvinder and brother Shivinder Singh, Fortis founder-directors, quit

Billionaire Malvinder Mohan Singh and brother Shivinder Mohan Singh, founder-directors of Fortis Healthcare, have stepped down from their positions amid ongoing legal cases against them.

08 Feb 2018

Indian Startups

Swiggy raises Rs. 642cr in its biggest funding round

Bengaluru-based food delivery start-up Swiggy has raised $100mn (a little over Rs. 642.5 crore) in a Series F funding round led by South African media conglomerate Naspers joined by Chinese e-commerce platform Meituan-Dianping.

08 Feb 2018

Bharti Airtel

4G smartphones for Rs. 500, Rs. 60 monthly-plans coming soon

You can soon get 4G smartphones for only Rs. 500 and enjoy Rs. 60-70 monthly plans.

08 Feb 2018

India

Home loans taken before April'16 to get cheaper

The recent monetary policy has brought good news for those who had taken home loans before April'16.

07 Feb 2018

Uber

Waymo-Uber case: Travis Kalanick doesn't deny "wooing" ex-Waymo engineer

Former Uber CEO Travis Kalanick has testified on the second day in the trial of the high-profile intellectual property lawsuit between Alphabet's Waymo and Uber over the theft of the former's self-driving car technology.