Business News
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28 May 2018
IndiaSchoolGuru: The mobile app offering certified higher education courses
While India has tried its hand at distance education models like massive open online courses (MOOCs), they haven't really worked out well enough.
27 May 2018
India#BusinessBytes: All about the top 7 debit cards in India
Debit cards are payment cards linked to one's savings account. Customers can conveniently withdraw money at ATMs, deposit cash, shop offline/online, etc.
27 May 2018
India#FinancialBytes: 7 apps you can use to invest in gold
Indians just love gold and share a special bond with it. Apart from buying gold, it's common for Indians to invest in the yellow metal.
27 May 2018
BusinessFor the first time, Tata Motors to offer employees ESOPs
In a first for the large manufacturing company, Tata Motors is set to offer stock options to its 200 top-level executives.
26 May 2018
IndiaSellers drag Snapdeal to courts over non-payment of dues
According to reports, Gurugram-based e-commerce company Snapdeal has been dragged to courts by two of its sellers, Veepee Electronics and Spacewood Furnishers, over alleged non-payment of dues.
26 May 2018
Tamil NaduSterlite violence: Vedanta sticks with plan to expand copper plant
Vedanta Resources have decided to go ahead with their expansion plan for the Sterlite copper plant in Thuoothukudi, just days after 13 people were killed and over 100 injured after police opened fire on anti-Sterlite protesters.
26 May 2018
FacebookFacebook, Google face $8.8bn in lawsuits on GDPR's first day
A new European data privacy law called the General Data Protection Regulation (GDPR) came into effect on May 25, and Facebook and Google are already facing collective lawsuits of $8.8 billion for failing to comply with it.
26 May 2018
FacebookFacebook accused of conducting mass surveillance through its apps
A court case claims that Facebook reportedly collected information about users and their friends- some who weren't even registered with the website- through its apps.
26 May 2018
IndiaIndia offers the best and worst returns in banking
The Indian banking sector is increasingly becoming characterized by contradictory elements.
25 May 2018
IndiaReliance JioPhone tops global feature phone market with 15% share
With a share of 15%, Reliance JioPhone grabbed the top spot in global feature phone market in Q1 2018, according to market research firm Counterpoint Research.
25 May 2018
AndroidAndroid creator Andy Rubin's smartphone brand Essential up for sale
According to reports, Android creator Andy Rubin is trying to sell his smartphone brand Essential.
25 May 2018
SamsungFinal verdict: Samsung to pay Apple $539 million in damages
According to a federal court verdict in San Jose, California, Samsung has to pay Apple $539 million as damages in a long-running patent infringement case.
25 May 2018
GoogleYelp asks Googlers to make search fairer: Here's why
Yelp and TripAdvisor are leading a coalition called "Focus on the User" which has started a new campaign: it is urging Google employees to help make the company's search rankings fairer.
24 May 2018
BollywoodHrithik Roshan invests $878,200 in fitness start-up Cure.Fit
Bengaluru-based fitness start-up Cure.Fit has raised $878,200 (Rs. 6cr) from Bollywood heart-throb Hrithik Roshan.
23 May 2018
EducationAR-focused edtech start-up Smartivity raises $2mn
Delhi-based Smartivity Labs, an augmented reality (AR)-focused educational technology start-up, has raised $2mn from Ashish Kacholia, a well-known stock market investor who holds shares worth $117mn in several companies.
23 May 2018
Madhya PradeshPossible to reduce petrol price by upto Rs. 25: Chidambaram
Senior Congress leader P Chidambaram today, in a series of tweets, claimed it was possible to cut up to Rs. 25 per liter in petrol prices but the government will not.
23 May 2018
IndiaBanks recover dues worth Rs. 83,000cr from 2,100 companies
Thousands of companies have started paying back their dues to banks and other lenders for fear of action being initiated against them under the Insolvency and Bankruptcy Code (IBC).
23 May 2018
LondonIs the net finally closing in around Nirav Modi?
The Enforcement Directorate has provisionally attached Rs. 170cr worth of assets belonging to Nirav Modi in connection with the Rs. 13,400cr PNB scam.
23 May 2018
BusinessQuit Genius, the app that helps smokers quit, raised $2mn
Quit Genius, an app that helps users quit smoking and is backed by start-up incubator Y Combinator, has received an additional $1.1 million in seed funding, closing its seed round at a total of $2 million.
22 May 2018
StartupsGurugram start-up Milkbasket raises $7mn in funding
Gurugram-based micro-delivery start-up, Milkbasket, has raised $7mn in a Series A funding round led by Bengaluru-based Kalaari Capital and Singapore-based BeeNext.
22 May 2018
State Bank of India (SBI)SBI Q4 net loss touches Rs. 7718cr on higher NPAs
The country's largest lender State Bank of India today posted a standalone net loss of Rs 7,718.17 crore for the March quarter due to higher non-performing assets (NPAs).
22 May 2018
InfosysEx-Infosys CEO Vishal Sikka received Rs. 13cr remuneration in 2017-18
Former Infosys CEO Vishal Sikka, who resigned last year after a row with Infosys co-founder NR Narayana Murthy, received around Rs. 13cr in compensation for 2017-18.
22 May 2018
SamsungSamsung Summer Fest starts today: Here are the top deals
Samsung India's Summer Fest starts today. The company is hosting this mega sale on its online store from May 22 to May 28.
22 May 2018
TencentTencent leads $50 million funding round in vernacular app NewsDog
Gurugram-headquartered vernacular news app NewsDog has raised $50 million (Rs. 340 crore) in Series C funding led by Chinese internet giant Tencent Holdings.
22 May 2018
Barack ObamaBarack and Michelle Obama to produce content for Netflix
Former US President and First Lady Barack Obama and Michelle Obama have signed a production deal with Netflix under which they would produce films and series for the video streaming service.
22 May 2018
IndiaAadhaar-based MicroATMs offer card-less, PIN-less banking
The Unique Identification Authority of India (UIDAI) has launched Aadhaar-based MicroATMs to facilitate card-less and PIN-less monetary transactions in the country.
21 May 2018
IndiaNokia phones' parent company HMD Global raises $100 million
HMD Global, the company that designs and sells smartphones under the Nokia brand, has raised $100 million.
21 May 2018
FlipkartFlipkart Apple Week Sale: iPhones, iPads, and others on sale
Flipkart is back with yet another edition of 'Apple Week' and is hosting a mega sale from May 21 to May 27.
21 May 2018
IndiaOf 220mn credit-worthy consumers, only 72mn tapped by banks: Report
Even after the increased focus on retail lending for a decade, banks and other lending institutions have been able to tap only a third (72mn) of the estimated 220mn credit-eligible consumers, a report by credit information company TransUnion CIBIL said.
20 May 2018
Air IndiaAlliance Air to start commercial flights from Arunachal tomorrow
Air India subsidiary Alliance Air's first commercial flight to Arunachal Pradesh is scheduled to take off from the Pasighat airport on Monday, the 21st of May.
20 May 2018
IndiaHero Electric to launch new products, a high-speed scooter in-the-works
From cab aggregator Ola to homegrown start-up Ampere, many players are looking to get their electric vehicles on Indian roads.
20 May 2018
PhiladelphiaYou don't need to purchase anything to sit at Starbucks
Multinational chain Starbucks rolled out a new policy on Saturday allowing patrons to sit in the cafes and use restrooms, even if they don't purchase anything.
19 May 2018
MumbaiMumbai, Bengaluru get new co-working spaces
Mumbai and Bengaluru have gotten more co-working spaces, courtesy WeWork.
18 May 2018
Indira Gandhi International Airport (Delhi)Bitcoin scam: Delhi businessmen lost Rs. 7cr+
In what is already suspected to be a massive scam involving thousands of crores, two Delhi-based businessmen said that they were scammed off Rs. 4.4cr and Rs. 3cr respectively by in-custody ace conman Amit Bhardwaj.
18 May 2018
Petrol Diesel PricesPetrol/diesel prices hiked for 5th day; expected to increase further
Another day, another hike - petrol and diesel prices have now risen for the fifth consecutive day.
17 May 2018
SamsungApple seeking $1bn from Samsung in 7-year-old patent infringement dispute
Apple is seeking $1 billion from Samsung in a long-running patent infringement case.
17 May 2018
India2018 Maruti Suzuki Ciaz launch scheduled for August
According to reports, the new Maruti Suzuki Ciaz is set to be launched in August this year.
16 May 2018
Security#FinancialBytes: What are virtual credit-cards and how to get one?
Today, most of us prefer online shopping as there are a lot of products available at the click-of-a-button.
16 May 2018
IndiaVodafone India posts operating profit of Rs. 9,805cr for FY17-18
Bouncing back from a loss of around Rs. 30,690cr in FY2016-17, Vodafone India has posted an operating profit of Rs. 9,805cr for the financial year 2017-18, ended 31st March.
15 May 2018
Tamil NaduBSNL launches new prepaid recharge plan for Rs. 118
State-run telecom operator Bharat Sanchar Nigam Limited (BSNL) has launched a new pack for Rs. 118.
