Jayasri Viswanathan
Business Editor
Jayasri Viswanathan no longer works with NewsBytes.
Latest News Articles
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.
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.
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.
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.
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.
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.
Airtel acquires India operations of Telenor, shares soar
Bharti Airtel shares rose 11% after it confirmed taking over the India operations of Norwegian Telenor.
Reliance AIF to raise Rs. 1,000 crore debut fund
Reliance AIF, a unit of Reliance Nippon Life Asset Management, is raising its first credit fund of Rs. 1,000 crore called Reliance Yield Opportunity AIF Scheme 1, starting this March.
IDBI to manage losses by selling non-core assets
State-owned lender, IDBI Bank Ltd's board will sell some of its non-core assets to manage a gross bad loan ratio of 15.16% in December-end.
Budget fallout - Cigarette prices hiked by ITC
India's largest cigarette maker ITC is all set to increase the price of its leading product range by as much as 13% as a fall out of the excise duty hike proposed in the Budget early this month.
US private equity firm in talks with Indira IVF hospitals
Three US-based private equity firms, Carlyle Group, Warburg Pincus and TPG Growth, are in separate talks with infertility clinics chain Indira IVF to acquire minority stakes, leading to a possible valuation of Rs. 4,000-5,300 crore.
TCS to buy back 5.6 crore shares, at Rs2850 each
Returning surplus shares to shareholders in the biggest shares buyback, the Tata Consultancy Services today announced that it will repurchase about 2.85% of its share capital for Rs. 16,000 crore.
BharatQR code launched today for seamless payments
To enable seamless retail payments, the government today launched BharatQR code. The quick response (QR) code will enable digital payments without card swiping machines.
Service tax officials summon GSTN chief on evasion charges
The service tax department has summoned Prakash Kumar, CEO of Good and Service Tax Network (GSTN), for possible evasion of tax on software services received from IT major Infosys. However, Kumar has denied receiving any such notice from the tax department.
Premium sedan Lucid Air eyes Tesla Model 3 market
California-based Lucid Motors is the latest automotive vehicle manufacturer to foray into the luxury electric sedan segment with their debut product 'Lucid Air'.
Investors pump in Rs 102 crore in Urban Ladder
The Bengaluru-based online furniture store Urban Ladder has raised about Rs 102 crore in a Series E round from existing and new investors.
E-commerce sellers will pay 2% tax at source in GST
E-commerce giants like Amazon, Flipkart and Snapdeal are trying to convince the government to scrap from the final Goods and Services Tax draft, the 2% tax that e-commerce marketplaces collect from sellers on their platform.
Axis-Kotak merger talk rife in spite of official denial
Shares of private banks Axis Bank Ltd and Kotak Mahindra Bank Ltd have shot up by 3.38% and 8.31%, respectively, since December amid speculations of a potential merger among them.
25K telecom jobs at risk in the next eighteen months
While telecom giants negotiate merger deals with each other, as many as 25,000 telecom professionals stand to lose their jobs in such acquisitions.
Mahindra and Segnere SAS to manufacture airframes together
Mahindra Aerostructures, an arm of Mahindra Group, has forged an agreement with french company Segnere SAS to collaborate on airframe manufacturing.
UK reviews "irresponsible" companies exploiting labour laws
Concerned that some employers are classifying regular employees as "self-employed" to avoid tax bills, the UK government may introduce new laws to help such workers claim rights such as pensions, minimum wage and holiday pay.
Nuclear deal triggers Toshiba CEO resignation, $6.3 billion write down
Struggling technology conglomerate Toshiba today announced the resignation of its chairman Shigenori Shiga.
SEBI will allow new players in the commodity derivatives market
The Security Exchange Board of India (SEBI) will allow India's commodity derivatives market to new participants in a phased manner.
Used cars sales fall by 42% due to demonetization
The used car market in India is struggling for more customers as top players are clocking losses after the demonetization drive.
IT, pharma cautious, gold investors rejoice over Trump temper
Uncertainties surrounding US President Donald Trump's trade policies have reinforced Indians' faith in gold being a safe asset.
Donald Trump "growing increasingly frustrated" in new job
US President Donald Trump is "growing increasingly frustrated" in the face of realistic governing challenges in his new job.
Net Indirect tax collection grew by 17%, Net Direct 10.8%
Rs 5.82 lakh crores were collected in direct-taxes between April and January of the last financial-year, 10.8% more in comparison to the corresponding period in 2015-16.
Air India Express eyes tie-ups to manage revenue losses
Low-cost carrier Air India Express (AIE) is looking for code-sharing agreements with other airlines for routes in South East Asia, following the loss of revenue from West Asia.