Business News | Page 179

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3 May 2016

Business

India, China face social risk due to inequality: IMF

The International Monetary Fund (IMF) has cautioned both India and China that they face social risk due to rising inequality.

2 May 2016

Business

MP no more: Mallya resigns as Rajya Sabha MP

Liqour baron and an independent MP, Vijay Mallya resigned as a Rajya Sabha MP today.

2 May 2016

Business

Only 1% Indians pay tax

According to the government data on direct tax, released after a gap of 15 years, only 1% Indians or 1.25 crore people paid income tax in the assessment year 2012-13.

2 May 2016

Business

Bidding adieu: HMT shuts down its last manufacturing unit

HMT Watches Ltd. announced the shutdown of its manufacturing unit at Tumakuru.

30 Apr 2016

Business

Press 139 to cancel railways tickets

In order to provide assistance to passengers for cancellation of tickets, Railway Minister Suresh Prabhu launched 2 new cancellation services.

29 Apr 2016

Business

Unique IDs for companies soon

The Union government is planning a single unique identification for the companies to enable them to carry out all the transactions using that ID.

28 Apr 2016

Business

Regulatory framework for P2P lending

The Reserve Bank of India (RBI) has come up with a regulatory framework for the peer-to-peer (P2P) lending platforms which; although in their nascent stages, are growing exponentially.

28 Apr 2016

Business

Facebook swells to 1.65B users and beats Q1 estimates with $5.38B revenue

Facebook surpassed the estimates in its Q1-2016 earnings report with $5.38 billion in revenue and $0.77 earnings/share.

28 Apr 2016

Business

Amazon becomes India's 2nd largest online marketplace after Flipkart

Amazon India dislodged Snapdeal to become India's second-largest online marketplace by shipments.

28 Apr 2016

Business

Govt waives 30% sourcing condition for Apple

The Indian government waived the 30% domestic sourcing condition for Apple, after considering the kind of technology that Apple could bring into India.

25 Apr 2016

Business

Centre hikes minimum wage for contract workers

The Minister of State for Labour and Employment, Bandaru Dattatreya, stated that the minimum wage for contract workers in India is increased to Rs.10,000 per month.

23 Apr 2016

Business

PepperTap to shut-down service in a month

PepperTap will close its consumer-facing business within a month diverting its energy towards developing its e-commerce logistics arm.

20 Apr 2016

Business

LinkedIn unveils exclusive mobile app for students

LinkedIn, the professional-networking company, has unveiled a new mobile app, which is tailor-made to help college students find jobs.

18 Apr 2016

Business

Delhi HC seeks reason for the urgency behind FDC ban

Hearing almost 180 pleas against Centre's decision to ban 344 FDCs, the Delhi HC questioned the urgency behind the ban.

18 Apr 2016

Business

Reliance Jio starts operations of 8,100-km submarine cable system

Reliance Jio announced the beginning of operations of the 100 Gigabits/sec Bay of Bengal Gateway (BBG) submarine cable system.

17 Apr 2016

Business

TCS denies IP infringement in $940 Million Epic case

Tata Consultancy Services (TCS) has denied any violation of trade secrets and plans to contest the decision of the Wisconsin Grand Jury in higher courts.

16 Apr 2016

Business

Oracle, Alphabet’s Google fail to settle lawsuit

Oracle Inc. and Alphabet Inc.'s Google failed to come to a settlement regarding the long-running copyright lawsuit over Android OS, ahead of a retrial scheduled for 9 May 2016.

16 Apr 2016

Business

Infosys beats market estimates; Q4 net up 16.2% at Rs.3,597 crores

Infosys CEO declared a 16% rise in the fourth-quarter net profit of the company.

15 Apr 2016

Business

Compat stays Holcim-Lafarge merger

The Competition Appellate Tribunal (Compat) has stayed the exit of Lafarge from India till the next hearing on 9 May 2016, thus delaying the Lafarge-Holcim merger.

15 Apr 2016

Business

10 million jobs for maritime sector

Prime Minister Narendra Modi announced his government's resolve to create about 10 million jobs over the next ten years through development of the maritime sector.

14 Apr 2016

Business

NITI Aayog pushes for a solar equipment manufacturing policy

The NITI Aayog is in the final stages of preparing a solar equipment manufacturing policy.

14 Apr 2016

Business

Flipkart's Chief Product Officer Punit Soni quits

Flipkart's Chief Product Officer Punit Soni has reportedly quit the company and is serving his last week at Flipkart.

14 Apr 2016

Business

PM inaugurates the first Maritime India Summit

PM Modi inaugurated the Maritime India Summit and presented a national outlook plan on the Sagarmala Project with details of the investments.

13 Apr 2016

Business

Maha jewellers call off strike temporarily

Jewellers in Maharashtra have called off their strike temporarily, from April 14 to 24.

13 Apr 2016

Business

Normal monsoon may give boost to economy

The Indian Meteorological Department (IMD) has forecasted an above normal monsoon with rainfall in June-September season predicted to be 106% of the 50-year average.

12 Apr 2016

Business

SC chides RBI, says big defaulters escape while farmers driven to suicide

The Supreme Court reprimanded the Reserve Bank of India after RBI said that it should not disclose details of the loan defaulters.

12 Apr 2016

Business

Airtel gets final license for payment bank

Bharti Airtel's unit, Airtel M-commerce Services Ltd. (AMSL), has received the final payment bank license from the Reserve Bank of India (RBI).

11 Apr 2016

India

OYO gets backing of $100 million from SoftBank and others

OYO Rooms raised a capital of $100 million in the latest round of funding led by SoftBank.

9 Apr 2016

Business

Regular cab fares could increase in Karnataka

Regular cab fares could be on the rise in Karnataka after the Karnataka Government put restrictions on surge pricing.

9 Apr 2016

Business

Airtel signs Rs.3,500 crore spectrum deal with Aircel

Airtel announced a Rs.3,500 crore deal to acquire 20 MHz of Aircel's 4G spectrum in 8 circles of West Bengal, Bihar, Jammu & Kashmir, Tamil Nadu, Orissa, Assam and the North East.

8 Apr 2016

Business

India numero uno in Credit Suisse emerging consumer scorecard

India has once again topped the Emerging Consumer Scorecard released by Credit Suisse.

8 Apr 2016

Business

Contract workers may get 66% hike in monthly wages

The Union Labour ministry has proposed to increase the minimum monthly income of contract labourers from Rs.6,000 to Rs.10,000.

7 Apr 2016

Business

Eight Indians feature in Forbes' Power Businesswomen list

Forbes' 'Asia's 50 Power Businesswomen 2016' featured Nita Ambani, Director/Chairman-Reliance Industries and Arundhati Bhattacharya, Chairman & MD-SBI in the first and second ranks respectively.

6 Apr 2016

Business

Future Retail all set to acquire FabFurnish

Bluerock eServices operated online furniture store FabFurnish.Com is to be acquired by the flagship company of Kishore Biyani-led Future Group - Future Retail.

6 Apr 2016

Business

Rahul joins protesting jewellers over excise duty

Congress Vice President Rahul Gandhi joined the jewellers opposing the impediment of a 1% excise duty on non-silver jewellery.

6 Apr 2016

Business

RBI to give more licenses to differentiated banks

In order to expand financing, the Reserve Bank of India (RBI) will provide more licenses to niche and differentiated banks.

5 Apr 2016

Business

Xiaomi leads Rs.170 crore investment in Hungama

Xiaomi led a $25-million (Rs.170 crore) in Hungama Digital Media Entertainment.

5 Apr 2016

India

Sales of electric vehicles in India grows by 37.5%

Electric vehicles sales in India grew by an impressive 37.5% to reach 22,000 units in the financial year ending 31st March 2016.

5 Apr 2016

Business

Former 99Acres.com Business Head invests in Housing.com

Former business chief of 99Acres.com Vineet Singh (current MD of Buildzar) has invested in the online real estate platform Housing.com.

5 Apr 2016

Business

RBI cuts repo rate by 0.25%

RBI has reduced the repo rates to 6.5%, a 0.25% cut against the expected 0.5%.