Business News
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06 Mar 2018
Reserve Bank Of India (RBI)RBI fines Axis Rs. 3cr, IOB Rs. 2cr for violations
The RBI has levied Rs. 3cr fine on Axis Bank and Rs. 2cr penalty on Indian Overseas Bank (IOB) for various violations.
06 Mar 2018
FacebookInternet giants Facebook, Google profiting from 'pop-up' brothels: Report
Internet giants Google and Facebook have been accused by the Britain's National Crime Agency (NCA) for profiting from 'pop-up' brothels running on their platforms.
05 Mar 2018
MumbaiINX money-laundering: Karti paid Rs. 1.8cr to influential political leader
ED has claimed that Karti Chidambaram, under investigation in the INX money laundering case, paid a senior political leader Rs. 1.8cr in five instalments in over 3.5 years.
05 Mar 2018
AppleApple to release a cheaper MacBook Air this year: Reports
According to reputed Apple analyst Ming-Chi Kuo, the tech giant is reportedly working on releasing a cheaper model of the MacBook Air at some point in the second quarter of this year.
04 Mar 2018
BlackBerryBlackBerry puts in the final nail in BB10's coffin
BlackBerry Limited, the manager of BlackBerry's brand licensing and software, has decided to put in the final nail in BB10's coffin.
04 Mar 2018
XiaomiGlobal wearables market grows 7.7% in Q4 2017, Apple leads
According to data from IDC's WorldWide Quarterly Wearable Device Tracker, total shipment volumes for Q4 2017 reached 37.9 million units, up 7.7% from the 35.2 million units shipped in the same quarter in 2016.
04 Mar 2018
YouTubeGoogle sued for discriminatory hiring practices by former male employee
Google has been sued by an ex-YouTube employee for allegedly having discriminatory hiring practices.
04 Mar 2018
IndiaPNB scam: Nirav Modi bribed official with gold and diamond
Billionaire Nirav Modi bribed a bank official with gold and diamond for his assistance in the Rs. 12,650cr PNB scam, CBI said.
04 Mar 2018
UberUber, Lyft drivers make a median hourly profit of $3.37
According to a study published by the MIT Center for Energy and Environmental Policy Research, Uber and Lyft drivers in the US earn a median profit of $3.37 per hour before taxes, with 74% of drivers earning lesser than the minimum wage standard set in the state where they operate.
04 Mar 2018
FloridaUS: Investment firm, BlackRock Inc. puts pressure on guns manufacturers
After several US companies cut ties with gun lobbying NGO National Rifle Association (NRA) following the Florida school shooting on February 14, the world's largest investment firm BlackRock Inc. is now putting pressure on companies which make and sell guns.
03 Mar 2018
InstagramMeet Giana, an 8-year-old Texan artist taking Instagram by storm
If one was to list all the cool+talented Instagram kids, Giana would make it to the top bracket.
03 Mar 2018
FlipkartFlipkart's Singapore parent infuses Rs. 4,500cr into India wholesale arm
Flipkart India has raised Rs. 4,472cr from its Singapore-based parent company for its wholesale unit, its single largest fund infusion in past years.
03 Mar 2018
Central Bureau Of Investigation (CBI)CBI finds Infosys and I-T involvement in tax return fraud
Officials of the CBI's Anti-Corruption Bureau, who have been investigating a 'revised tax return' fraud since late January, have found that I-T officials and Infosys employees connived with the Bengaluru-based chartered accountant Nagesh Shastri, the main accused in the fraud.
02 Mar 2018
FacebookFacebook discontinues failed split News Feed experiment
After learning that users didn't like two separate News Feeds, one for family/friends and another for commercial pages, Facebook has ended its Explore Feed test.
02 Mar 2018
Central Bureau Of Investigation (CBI)Can't confirm if Nirav Modi is in US: State official
The US has acknowledged reports in Indian media that embattled billionaire Nirav Modi is in the country, but is unable to confirm them, a state department official said.
02 Mar 2018
Maruti SuzukiMaruti Suzuki to launch new Ciaz in August
Though initially supposed to be launched last month at the Auto Expo, the new Maruti Suzuki Ciaz will now be unveiled in August 2018.
02 Mar 2018
Reserve Bank Of India (RBI)SBI, PNB lending-rates hiked: Home and other loans get costlier
Two state-run lenders State Bank of India and Punjab National Bank raised their lending rates by up to 20 basis points, a move that will increase interest-rates on existing as well as home, auto loans, and personal loans.
02 Mar 2018
ZomatoZomato Co-founder Pankaj Chaddah Resigns, To Start A New Venture
Pankaj Chaddah, co-founder of online restaurant guide and food-ordering app Zomato has resigned from the company after serving ten years saying he will take a few months break and start something new.
01 Mar 2018
IndiaHome-rental startup NestAway raises Rs. 333cr from Goldman Sachs, others
Bengaluru-based online home-rental network NestAway Technologies has raised $51mn (Rs. 333.1cr) from investors including Goldman Sachs and a joint venture firm of noted industrialist Ratan Tata.
01 Mar 2018
DelhiLPG cylinders get cheaper by up to Rs. 47
From today, prices of LPG cylinders, both subsidized and non-subsidized, will go down in Delhi, Mumbai, Kolkata and Chennai.
01 Mar 2018
Urban LadderUrban Ladder raises Rs. 78.2cr from Kalaari Capital and others
Bengaluru-based home-furnishing company Urban Ladder has raised $12mn in an internal funding round from Kalaari Capital, Saif Partners, Sequoia Capital, and Steadview Capital.
01 Mar 2018
PaytmMissed the Paytm KYC deadline? Here's how to do it
Yesterday was the deadline to update the Know Your Customer (KYC) details on Paytm and other mobile wallets.
01 Mar 2018
IndiaRenault cuts Duster prices by over Rs. 1 lakh
French multinational automobile manufacturer Renault on Thursday cut the prices of its SUV Duster by over Rs. 1 lakh in India with immediate effect on account of increased localization.
01 Mar 2018
Alibaba GroupZomato raises Rs. 977cr from Alibaba-unit Ant Financial Services
Restaurant discovery and online food-ordering platform, Zomato, announced it has raised $150mn (Rs. 977cr) in a fresh funding round from Ant Financial Services Group, one of the world's leading digital financial services providers.
01 Mar 2018
Central Bureau Of Investigation (CBI)PNB-scam: Nirav Modi 'busy' with business, refuses to join probe
Nirav Modi, accused in the massive PNB scam, has refused to join the CBI investigation citing business engagements abroad.
01 Mar 2018
IndiaAfter raising interest rates, SBI hikes MCLR across various maturities
The SBI, India's largest public lender, has raised the one-year marginal cost-based lending rate (MCLR) from 7.95% to 8.15% across several maturities.
28 Feb 2018
AmazonAmazon acquires smart home company Ring for over $1bn
According to reports, Amazon has acquired Ring, a company that manufactures smart home products like video doorbells and security cameras, for over $1bn.
28 Feb 2018
IndiaIndia back as world's fastest growing economy in December quarter
The Indian economy grew at 7.2% in the October-December period, restoring its status as the world's fastest-growing major economy. The growth reflects overall recovery due to good show by agriculture, manufacturing, construction sectors.
28 Feb 2018
Reliance JioTroubled telco Aircel files for bankruptcy in NCLT Mumbai
Telecom operator Aircel said it has filed for bankruptcy as it has been facing "troubled times" in "highly financially stressed" industry. The filing was made in National Company Law Tribunal Mumbai.
28 Feb 2018
DelhiAir India to hire 500 more cabin-crew staff by May
Disinvestment-bound Air India plans to hire 500 cabin crew members as the national carrier prepares to induct more aircraft and meet new regulatory requirements.
28 Feb 2018
IndiaAmazon Prime Music officially comes to India
Amazon has officially launched its music streaming service called Prime Music in India.
28 Feb 2018
IndiaPNB scam fallout: Center acts on setting up long-delayed NFRA
The massive PNB scam, India's biggest banking fraud till date, seems to have rattled the authorities.
28 Feb 2018
IndiaAdobe and Econsultancy release the 2018 Digital Trends report
Adobe and Econsultancy have released the Digital Intelligence Briefing: 2018 Digital Trends report, which provides insights into the state of digital marketing and the trends shaping the industry.
28 Feb 2018
IndiaIndia ranks 47 in internet inclusivity and connectivity: Facebook study
According to a report by Facebook, India ranks 47 out of 86 countries in terms of internet inclusivity and connectivity.
28 Feb 2018
United States of AmericaRupee weakens yet again; tanks 23 paise against USD
Falling for the third straight session, the rupee weakened by 23 paise to 65.10 against the US dollar to hit its three-month low in opening trade at the forex market today.
28 Feb 2018
YouTubeSundar Pichai has a lot of power over Google: Report
Google's parent company Alphabet has detailed how it makes decisions regarding its dozen different businesses, with India-born Sundar Pichai wielding a lot of power over the search giant.
27 Feb 2018
IndiaIndia will have 1 lakh start-ups by 2025: Mohandas Pai
India will have one lakh start-ups by 2025, employing 32.5 lakh people, Manipal Global Education Chairman T V Mohandas Pai said today.
28 Feb 2018
TencentMusic streaming service Gaana to raise $115 million in funding
Music streaming service Gaana today said it will raise USD 115 million (about Rs. 750 crore) from Chinese internet giant Tencent and Times Internet in its latest round of funding.
27 Feb 2018
IndiaPNB scam: Nirav Modi's Firestar Diamond files for bankruptcy
Even as billionaire Nirav Modi battles allegations of committing India's largest bank fraud of Rs. 11,400cr, his international jewelry brand, Firestar Diamond Inc, has filed for bankruptcy in the US.
27 Feb 2018
IndiaDocumentary series looks into India's unique business history
In an interesting development, leading business historians and academicians explored fascinating stories from India's economic past in a six-episode documentary series, curated by management guru Gurcharan Das.
