Business News
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14 May 2020
Narendra ModiMigrant workers to get free-food for next two months: Sitharaman
Addressing media for the second straight day on the economic package announced by Prime Minister Narendra Modi on Tuesday, Finance Minister Nirmala Sitharaman said today's announcement revolves around migrant workers, small farmers, street vendors, etc.
13 May 2020
EPFOWith reduced EPF contribution, your take-home salary will now increase
Union Finance Minister Nirmala Sitharaman on Wednesday presented the details of the Rs. 20 lakh crore stimulus package to help revive the economy.
13 May 2020
COVID-19Noida-based Jubilant to make COVID-19 drug Remdesivir in India
Noida-based Jubilant Life Sciences has announced a licensing agreement with Gilead to make Remdesivir, a drug that has shown promise in treating COVID-19, in India.
13 May 2020
XTwitter allows employees to work from home 'forever'
As the novel coronavirus pandemic continues to wreak havoc around the world, Twitter is moving to let its employees work from home 'forever'.
12 May 2020
BitcoinBitcoin goes through third 'halving': Here's what it means
For the third time in its 11-year history, Bitcoin has gone through a much-hyped event called 'halving'.
12 May 2020
XMusk restarts Tesla factory during lockdown, says 'ready for arrest'
Elon Musk, the chief executive of Tesla, has re-opened the electric carmaker's factory in California's Alameda County, despite local orders to keep the 'non-essential' business closed.
11 May 2020
IndiaCan "recession-proof" salon business survive the coronavirus pandemic?
India's celebrated hairstylist, Jawed Habib, had declared in February that economic slowdown won't hurt his $30 million worth business.
10 May 2020
CaliforniaWhy is Musk threatening to shift Tesla's headquarters from California
Elon Musk, the billionaire CEO of Tesla, has threatened to shift his company's headquarters out of California.
10 May 2020
Larry PageEric Schmidt, Google's former CEO, has reportedly resigned: Details here
Eric Schmidt, one of the most famous faces at Google, has reportedly resigned from the company.
10 May 2020
India#FinancialBytes: GST Refund Process - How to claim your refund?
The Goods and Services Tax (GST) regime in India was meant to make businesses hassle-free and more compliant. But, the mammoth of unclear guidelines have made it rather difficult for them.
09 May 2020
State Bank of India (SBI)SBI reduces FD rates; check revised rates here
India's largest lender State Bank of India (SBI) has slashed interest rates for fixed deposits (FDs) up to three years' tenor by 20 basis points (bps). The new rates will come into effect from May 12.
09 May 2020
Central Bureau Of Investigation (CBI)Exporters flee country after cheating 6 banks; SBI files complaint
Three promoters of a Delhi-based basmati rice export firm have fled the country with over Rs. 400 crore in unpaid bank loans, officials said on Saturday.
08 May 2020
FacebookJio Platforms raises Rs. 11,367 crore from Vista Equity
Jio Platforms, the entity holding telecom and digital businesses of Reliance Industries Limited (RIL), has raised Rs. 11,367 crore from US-based private equity firm Vista Equity Partners.
07 May 2020
ZomatoAfter groceries, Zomato eyes home delivery of alcohol: Details here
When restaurants across the country were closed due to COVID-19 lockdown and people refrained from ordering cooked meals, food-tech giant Zomato was quick to enable home delivery of groceries and daily essentials.
06 May 2020
Maruti Suzuki600 Maruti Suzuki dealerships now operational, deliveries underway
After reporting zero sales for the month of April due to the lockdown enforced to contain the outbreak of COVID-19, Maruti Suzuki, India's largest automaker, is returning to business.
06 May 2020
Mukesh AmbaniCoronavirus wiped nearly a quarter of Indian billionaires' wealth: Forbes
The outbreak of COVID-19, which has claimed over 2.5 lakh lives and put a third of the world's population under lockdown, has wrecked economies completely.
05 May 2020
AmazonAmazon VP quits over firings of workers raising safety concerns
A vice president at Amazon Web Service (AWS) has quit his job 'in dismay' at the conglomerate's decision to fire workers who publicly raised questions over the company's coronavirus safety measures for warehouses.
05 May 2020
BBC#LockdownEffect: Gold's Gym files for bankruptcy protection, CureFit downsizes
When the COVID-19 pandemic started taking roots in India and other parts of the world, gyms were one of the first places to close down.
05 May 2020
XiaomiMi Commerce, Xiaomi's new e-commerce platform to boost sales
In a bid to boost sales in a market hit by the novel coronavirus pandemic, Xiaomi is launching a new e-commerce service called 'Mi Commerce'.
05 May 2020
BusinessPetrol, diesel prices hiked in Delhi: Details here
In an unexpected move, the price of petrol and diesel has been increased in Delhi by Rs. 1.67 per liter and Rs. 7.10 a liter, respectively.
04 May 2020
UberUber begins operations in green and orange zones across India
After keeping operations suspended for over a month, ride-hailing giant Uber has begun operations in select cities and districts across India.
04 May 2020
Mukesh AmbaniJio Platforms gets Rs. 5,655 crore investment from Silver Lake
Jio Platforms, the entity housing telecom and digital businesses of Mukesh Ambani-led Reliance Industries, has picked up Rs. 5,655 crore ($747 million) in investment from US-based private equity firm Silver Lake.
01 May 2020
India#LockdownEffect: Maruti Suzuki reports zero sales for April
When India went into lockdown to prevent the spread of COVID-19, the worst health crisis of our time, we all knew a major economic crisis was on its way.
01 May 2020
Priyanka Chopra JonasCrocs sales grow as coronavirus forces people indoors
Nearly half of humanity is facing some form of a lockdown, unable to go outdoors, as a coronavirus outbreak rages across the planet.
01 May 2020
Business#FinancialBytes: How to get personal loan with poor credit score?
Credit score has become an important factor in our financial lives as it represents the creditworthiness of an individual.
30 Apr 2020
India#FinancialBytes: Five reasons why your loan application can be rejected
Whether it is a medical emergency or any other financial emergency, bank loans can come in handy in times of need.
29 Apr 2020
AppleApple to pay $18 million for deliberately "breaking FaceTime"
Apple has agreed to pay $18 million to settle a class-action lawsuit accusing the company of intentionally breaking FaceTime, its main video calling service.
29 Apr 2020
NITI AayogAgricultural growth not affected by COVID-19, says government
Union Agriculture Minister Narendra Singh Tomar on Wednesday said that the agriculture sector remains unaffected even as India is under lockdown due to the coronavirus pandemic.
29 Apr 2020
WhatsAppWhatsApp might soon start offering loans in India: Details here
Since 2018, WhatsApp has been working on a peer-to-peer transfer facility for India - its biggest market.
29 Apr 2020
TechnologyThis wearable 'bubble shield' could protect you from contracting coronavirus
The outbreak of COVID-19 has triggered widespread panic around the globe.
27 Apr 2020
Navi MumbaiReliance's JioMart goes live on WhatsApp: Details here
In a bid to simplify the process of buying groceries and daily essentials, Reliance Industries Limited (RIL) has launched its JioMart service on WhatsApp.
26 Apr 2020
Prime MinisterIndia's super-rich may face wealth tax to aid coronavirus-hit economy
In a bid to reduce the impact of the coronavirus pandemic on the economy, 50 Indian Revenue Service (IRS) officers have suggested a 40% tax for the super-rich, a one-time COVID-19 relief cess of 4%, etc.
25 Apr 2020
Maruti SuzukiCoronavirus lockdown: Auto makers see zero car sales in April
The impact of the coronavirus pandemic on the global economy has been indisputable, however, for the auto industry, the impact may be especially catastrophic.
24 Apr 2020
FacebookFacebook is still planning to show ads in WhatsApp
Earlier this year, The Wall Street Journal had reported that Facebook was putting its WhatsApp advertising plans "on ice".
24 Apr 2020
Mutual FundsFranklin Templeton shuts six debt funds, locks in Rs. 30,800cr
Franklin Templeton, one of the oldest fund houses, decided to wind up six fixed-income and credit-risk funds run by its Indian wing. The decision taken on Thursday night was driven by the 40-day-long nationwide lockdown, which will end on May 3.
22 Apr 2020
FacebookFacebook invests $5.7 billion (Rs. 43,574 crore) in Jio
Finally, Facebook has confirmed the long-rumored plan of teaming up with Mukesh Ambani-led Reliance Industries.
21 Apr 2020
BBCAmid coronavirus crisis, US oil prices turn negative
For the first time in history, the price of US oil has turned negative. It implies that the oil producers are paying the buyers to offload their commodity over fears that they would run out of storage capacity in May.
20 Apr 2020
FacebookFacebook, Google will be required to pay Australian news companies
Big tech giants Google and Facebook will soon be forced to pay Australian news media companies for publishing their content on their respective platforms.
20 Apr 2020
BMWBMW India CEO Rudratej Singh (46) passes away
In a shocking incident, Rudratej Singh, the President & CEO of BMW India, has passed away. He was 46.
20 Apr 2020
CaliforniaElon Musk says he delivered ventilators, hospitals disagree
A month ago, Tesla CEO Elon Musk had promised ventilators, the life-saving equipment required for pumping breathable air into sick patients' lungs, to hospitals overwhelmed with COVID-19 cases in California.