Business News | Page 179
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3 May 2016
BusinessIndia, 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
BusinessMP 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
BusinessOnly 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
BusinessBidding adieu: HMT shuts down its last manufacturing unit
HMT Watches Ltd. announced the shutdown of its manufacturing unit at Tumakuru.
30 Apr 2016
BusinessPress 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
BusinessUnique 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
BusinessRegulatory 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
BusinessFacebook 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
BusinessAmazon 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
BusinessGovt 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
BusinessCentre 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
BusinessPepperTap 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
BusinessLinkedIn 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
BusinessDelhi 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
BusinessReliance 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
BusinessTCS 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
BusinessOracle, 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
BusinessInfosys 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
BusinessCompat 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
Business10 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
BusinessNITI 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
BusinessFlipkart'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
BusinessPM 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
BusinessMaha jewellers call off strike temporarily
Jewellers in Maharashtra have called off their strike temporarily, from April 14 to 24.
13 Apr 2016
BusinessNormal 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
BusinessSC 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
BusinessAirtel 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
IndiaOYO 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
BusinessRegular 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
BusinessAirtel 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
BusinessIndia numero uno in Credit Suisse emerging consumer scorecard
India has once again topped the Emerging Consumer Scorecard released by Credit Suisse.
8 Apr 2016
BusinessContract 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
BusinessEight 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
BusinessFuture 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
BusinessRahul 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
BusinessRBI 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
BusinessXiaomi leads Rs.170 crore investment in Hungama
Xiaomi led a $25-million (Rs.170 crore) in Hungama Digital Media Entertainment.
5 Apr 2016
IndiaSales 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
BusinessFormer 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
BusinessRBI cuts repo rate by 0.25%
RBI has reduced the repo rates to 6.5%, a 0.25% cut against the expected 0.5%.