07 Mar 2017Business
Oscars Blunder: PwC to pay a heavier price
Global accounting firm PricewaterhouseCoopers (PwC) could pay a heavier price for faux-pas at the Oscars if a court decides at a malpractice trial next week that the firm has a history of making blunders.
01 Mar 2017Business
Goldman Sachs downgrades Tesla, shares fall further
Shares of Tesla fell by 5% after a downgrade by Goldman Sachs (GS) from "neutral" to "sell", triggering speculations that Tesla's Model 3 production might be delayed further. "Sell" refers to an analyst's recommendation to exit a stock.
Free Wikipedia access to 11 million Asiacell subscribers in Iraq
Access to Wikipedia will not incur mobile data charges to subscribers of Asiacell, the largest telecom service provider in Iraq.
28 Feb 2017India
India's GDP increased by 7% in Q3
India's third quarter GDP grew at a faster-than-expected 7% pace despite demonetization in the quarter till December. It had been expected to grow 6.1% then.
Majority stakes in AirIndia may be sold to investor
The government is planning to sell 51% stakes in national carrier Air India to a strategic partner to turn around the loss-making airline.
Government banks on strike today, wage hike among other demands
Nine bank unions today held a day-long protest over several demands, including wage revision and accountability of top executives, in view of mounting bad loans in the banking sector.
Govt's healthcare benefit for retired workers from April 1
Starting April 1, all retired industrial workers will be covered by a super-speciality health insurance package worth Rs. 15 lakh as part of a proposal by the Centre.
Oil companies agree to bear MDR charges
Fuel retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum will pay merchant discount rate, a fee on card usage at swipe machines, for fuel purchased using debit cards.
Tatas can force Mistry family to sell stake
By passing a special resolution, Tata Sons Ltd may ask the Mistry family firms to exit the shareholders' group after 50 years of association.
Rosneft deal: Essar and IDFC Alternatives reach an agreement
Essar Group and private equity fund IDFC Alternatives have agreed to end a proceeding that threatened to delay the $12.9 billion Essar-Rosneft deal.
HSBC accused of aiding tax evasion
Global banking giant HSBC is being probed by tax authorities in India, among other countries, for allegedly abetting tax evasion of four Indians and their families.
27 Feb 2017Business
Icecreams, groceries pricier this summer, companies blame input costs
Get ready to spend more as FMCG companies are soon going to hike prices of groceries and other everyday consumption products, citing an increase in input costs.
New CFO-backed Flipkart returns to the game
India's largest online retailer Flipkart is looking at a fundraising of as much as $1.5 billion from investors including Microsoft, eBay, PayPal among others at a valuation of $10-12 billion.
Taiwan's Foxconn and Japan's SoftBank tie-up for US expansion
Japan's SoftBank Group and Taiwan's Foxconn would start operating a joint venture together, deepening ties between two of Asia's biggest technology firms for expansion into the United States.
Maruti Ignis riding high on retro looks and smart features
Maruti's retro-chic hatchback Ignis is garnering attention for bringing together high utility and good looks. Launched last month, the car is priced between Rs. 4.59 and 7.80 lakh.
After solar, wind power tariffs fall to record low
Wind power tariffs in India fell to a record low in a government auction for 1 gigawatt projects, weeks after solar power tariffs had also marked similar lows at an auction.
25 Feb 2017Business
WhatsApp may soon enter digital payments- CoFounder
WhatsApp co-founder Brian Acton has indicated that the popular messaging app may soon venture into digital payments space.