Business News
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15 May 2018
Central Bureau Of Investigation (CBI)Fraud-hit PNB posts Rs. 13,420cr loss in Q4 of FY17-18
On Tuesday, the fraud-hit Punjab National Bank (PNB) reported a massive net loss of Rs. 13,419.91cr in Q4 of FY17-18.
15 May 2018
KarnatakaPetrol, diesel prices soar for second day, amid Karnataka results
On Tuesday, petrol prices in the national capital touched Rs. 74.95 per litre. Notably, the petrol prices had hit Rs. 76.06 per litre in September 2013.
15 May 2018
KarnatakaSensex zooms 260 points as BJP takes lead in Karnataka
After opening lower, the benchmark BSE Sensex soared over 260 points in the early trade today after the Bharatiya Janata Party took the lead in the Karnataka State Assembly election results.
15 May 2018
IndiaNew tax code set to benefit all businesses, small taxpayers
A new direct tax code the government is working on will be a boon for business and small personal income tax payers.
14 May 2018
IndiaPNB Scam: FinMin cracks down on people in CBI chargesheet
Following the filing of the CBI chargesheet today in the PNB scam, the board of the Allahabad Bank was asked to remove Usha Ananthasubramanian as its CEO and MD by Financial Services Secretary, Rajiv Kumar.
14 May 2018
Reserve Bank Of India (RBI)Costlier fuel pushes up WPI inflation to 3.18% in April
Inflation based on wholesale prices touched a four-month high of 3.18% in April on increasing prices of petrol and diesel as well as fruits and vegetables.
14 May 2018
Income Tax Department of India#FinancialBytes: How to file income tax online using ITR Form-1
The online portal for filing income tax returns (ITR) for the financial year 2017-18 (assessment year 2018-19) has been opened by the Income Tax Department for those who are eligible for the ITR Form-1 (Sahaj) i.e. people who have incomes of up to Rs. 50 lakh.
14 May 2018
Dharmendra PradhanPetrol prices hiked 17 paise/liter, diesel 21 paise/liter after Karnataka-polls
After a 19-day pre-Karnataka poll hiatus, petrol price was today hiked by 17 paise/liter and diesel by 21 paise/liter as PSU oil firms began passing on the international rates spike to consumers.
13 May 2018
IndiaIndia received $69bn remittance in 2017, largest in world: Report
India was the largest remittance-receiving country in the world, with migrant workers from the country sending home $69bn in 2017, according to a report which said remittances to the Asia-Pacific region amounted to $256bn last year.
13 May 2018
AsiaBSE seeks US regulator nod for its India International Exchange
Asia's oldest bourse BSE is planning to seek US regulator's nod for holding the status of Foreign Board of Trade (FBT) for its India International Exchange in GIFT city in Gujarat.
13 May 2018
India#FinancialBytes: 6 smartphone apps necessary to live a cashless life
The Modi government's 2016 demonetization drive paved the way for cashless transactions in India and ever since the digital payments ecosystem has evolved dramatically.
12 May 2018
FlipkartIt's shopping-time! Amazon, Flipkart announce 4-day sales; more details here
Both Amazon and Flipkart have announced a 4-day sale from May 13 to May 16.
12 May 2018
FlipkartAmid landmark Walmart-Flipkart deal, many fear for survival
This week saw one of the most important acquisitions in Indian history, as Walmart poured in $16bn into Flipkart for a 77% stake.
11 May 2018
IndiaJio's postpaid plan offers ISD calls at 50paise/minute: Details here
Reliance Jio has unveiled a new postpaid plan for Rs. 199. The one major offering of this plan is providing users with the ability to make ISD calls without the need of any kind of activation or security deposit.
11 May 2018
EnvironmentRecycling old electronics? Websites that can help you earn cash
With the electronics sector witnessing exceptional growth, our devices/gadgets are becoming increasingly faster and more sophisticated with each passing day.
11 May 2018
AdidasAdidas is literally turning garbage into money: Here's how
With over 1 million shoes' pairs made from ocean plastic and sold in 2017, Adidas is literally turning garbage into gold.
10 May 2018
Binny BansalReally sad to see Sachin leave Flipkart: Co-founder Binny Bansal
They were considered the "Jai-Veeru" of the Indian start-up panorama, and when one decided to finally exit the company they founded 11 years ago it was really a sad moment for the other.
10 May 2018
FlipkartWalmart-Flipkart deal turns many employees crorepatis: Details here
Walmart's $16bn buyout of Flipkart has brought cheer not only to India's iconic start-up, but also to 3,000 of its current and former employees who hold shares with the company.
10 May 2018
Bharti AirtelSensex rises over 128 points on firm global cues
The BSE Sensex rallied over 128 points to 35,447.43 in early session today, maintaining its positive form for the fourth straight day on positive cues from global markets.
10 May 2018
BusinessGlassdoor sold to Japan-based Recruit Holdings for $1.2 billion
US-based job and recruitment company Glassdoor has been acquired by Japanese human resources giant Recruit Holdings for $1.2 billion in an all-cash deal.
10 May 2018
Flipkart#FinancialBytes: 6 free apps everyone should download to save money
Saving money is not easy, it's a huge task and lot of people find it challenging. However, smartphones have changed pretty much everything we do, including saving money.
09 May 2018
IndiaWalmart buys 77% stake in Flipkart: How did Twitter react?
The cat is finally out of the bag - Walmart Inc. has announced its acquisition of India's leading e-commerce platform, Flipkart, for a whopping $16bn, taking 77% stake. This makes it the world's most expensive e-commerce acquisition, so far.
09 May 2018
IndiaWalmart buys 77% stake in Flipkart for $16 billion
The cat is finally out of the bag - Walmart Inc. has announced its acquisition of India's leading e-commerce platform, Flipkart, for a whopping $16bn, taking 77% stake. This makes it the world's most expensive e-commerce acquisition, so far.
09 May 2018
PaytmHyderabad: Former Paytm employee duped dozens of users through KYC
A former Paytm employee based in Hyderabad found a way to cheat customers of their hard-earned money by exploiting the platform's Know Your Customer (KYC) system.
09 May 2018
IndiaIndian economy coming out of Demonetization and GST shock: IndRa
Indian economy is gradually coming out of the twin shock of demonetization and GST which temporarily derailed growth, India Ratings said.
09 May 2018
IndiaThe Flipkart dream: Move aside, make room for nerds
When as a child you were told by your parents to chase the IIT dream, they were not wrong.
09 May 2018
India#FinancialBytes: What is credit score, how can you check yours?
Credit score is a numerical expression that represents the creditworthiness of an individual, summarizing their credit history.
08 May 2018
Maruti SuzukiMaruti recalls faulty units of Swift, Baleno: Is yours affected?
Maruti Suzuki has announced a recall of its Swift and Baleno cars manufactured between December 1, 2017 and March 16, 2018.
08 May 2018
India#FinancialBytes: 6 apps that help you send money aboard
Sending money abroad was once an extremely complicated process but the advent of technology and Internet has made the process quite simple and fast.
08 May 2018
InstagramInstagram rolls out in-app payments feature for commerce
Weeks after launching its "Shoppable Tags" feature, Instagram has quietly rolled-out an in-app payments feature that allows you to make payments without leaving the app.
07 May 2018
NestleNestle buys rights to market Starbucks products at $7.15 billion
Swiss food giant Nestle announced Monday it will pay $7.15bn in cash for rights to market Starbucks products around the world, outside of its coffee shops.
07 May 2018
Bharti AirtelSensex surges over 146 points in opening trade
Market benchmark Sensex surged over 146 points in opening trade today on fresh buying by domestic institutional investors amid a strengthening rupee.
07 May 2018
Reserve Bank Of India (RBI)Bankers fear soiled Rs. 100 notes may deepen cash crunch
Bankers fear that the prevailing cash crunch in different parts of the country might just get worse with unsoiled, usable-in-ATMs Rs. 100 notes becoming "too scarce."
06 May 2018
IndiaJioFiber offers 100Mbps broadband-service, with a whopping 1.1TB free data
After capturing the Indian telecom sector with its competitive data plans, Reliance Jio looks to disrupt the broadband space in the country.
06 May 2018
IndiaIndia's projected growth rate to double economy in 10 years
India's projected GDP growth of over 7% for the current fiscal is "amazingly fast" and if this momentum is maintained the size of the economy can double within a decade, Asian Development Bank (ADB) Chief Economist Yasuyuki Sawada said.
06 May 2018
FlipkartFlipkart next big sale begins on May 13: Details here
Flipkart will host a four-day mega sale called "Flipkart Big Shopping Days" from May 13 to May 16.
05 May 2018
IndiaAir India flying into turbulent skies, amid massive mounting losses
Air India is likely to fly into turbulent skies if the government's divestment plan for it fails to take off.
05 May 2018
India#FinancialBytes: 6 apps that help you buy/sell Bitcoins in India
World's most popular cryptocurrency Bitcoin's valuation has had some dramatic fluctuations over the past one year. It picked up the pace in May'18 from $2,000 to $20,000 in Dec'17 and plummeted to $6,046 in Feb'18.
04 May 2018
Punjab National BankPC Jewellers loses over three-quarters of its investor wealth
PC Jewellers Ltd., which saw its market worth reach $3.6bn at the start of the year is now languishing in misery at less than a quarter of that value.
04 May 2018
IndiaIndia tops list of fastest growing economies for coming decade
India tops the list of the fastest growing economies in the world for the coming decade and is projected to grow at 7.9% annually, ahead of China and the US, according to Center for International Development (CID) at Harvard University's report.
