Business News | Page 56

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22 Apr 2020


Facebook 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


Amid 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


Facebook, 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


BMW 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


Elon 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.

20 Apr 2020


#LockdownRelaxation: Industries which will be operational from April 20

India entered the second phase of the coronavirus-enforced lockdown on April 15, after Prime Minister Narendra Modi announced the extension of the nationwide lockdown till May 3 to contain the spread of the deadly COVID-19.

20 Apr 2020


After Apple, Google reportedly planning to launch its own card

In the age of digital payments and peer-to-peer transfers, third-party smart cards, promising plenty of benefits and user-facing features, are becoming increasingly popular.

#Lockdown: MHA changes rules again, only essentials to be delivered

The Ministry of Home Affairs on Sunday introduced changes in guidelines for the operations of e-commerce websites during the lockdown.

18 Apr 2020


Targeting China, India revises FDI Policy to curb 'opportunistic acquisitions'

The Center on Saturday revised the Foreign Direct Investment (FDI) Policy to prevent "opportunistic acquisitions" of vulnerable, coronavirus pandemic-hit Indian companies.

Struggling economy gets RBI's boost, big announcement for banks

With the economy stung drastically by the coronavirus pandemic, RBI Governor Shaktikanta Das addressed media for the second time in a month to announce key measures.

17 Apr 2020


COVID-19 crisis: Facebook cancels all large events until 2021

As the COVID-19 crisis continues to evolve around the world, Facebook has decided to cancel all its large events until next year.

16 Apr 2020


Now, Zomato shows body temperature of its delivery agents

In an impressive move, food-tech giant Zomato has introduced a feature to display the body temperature of its delivery agents.

15 Apr 2020


#Lockdown2: Industry bodies want package of nearly Rs. 16L crore

As India's lockdown was extended for another nineteen days on Tuesday, several industry bodies asked the government to release a financial package to help them and revive growth in various sectors.

15 Apr 2020

App Store

Airtel and Apollo Hospitals partner to provide app-based COVID-19 self-testing

Airtel and Apollo Hospitals have come together to offer all Airtel Thanks subscribers free self-testing for COVID-19, the diseased caused by the novel coronavirus.

14 Apr 2020


After UberEats, Zomato is eyeing to buy Grofers

A few months after acquiring UberEats, Zomato is looking to buy popular e-grocery start-up Grofers.

14 Apr 2020


'Ola Emergency' launched for hospital runs amid COVID-19 outbreak

As India goes into the second phase of the lockdown enforced to combat the spread of COVID-19, Ola is lending a helping hand to the public.

13 Apr 2020


Coronavirus outbreak: Sundar Pichai donates Rs. 5 crore to GiveIndia

Sundar Pichai, the CEO of Alphabet and Google, has donated Rs. 5 crore to support COVID-19 relief efforts in India.

13 Apr 2020


Bill Gates on COVID-19 response: We are in 'uncharted territory'

From Italy to India, several countries are reeling due to the COVID-19 pandemic.

13 Apr 2020


Now, TikTok has over a billion downloads on Play Store

As the world stays indoors to fight the outbreak of COVID-19, the disease that started spreading from Wuhan and has claimed over one lakh lives, Chinese video-sharing giant TikTok is reaping the benefits.

12 Apr 2020


India to witness severe economic slump, says World Bank

The spread of COVID-19, and the disruption ensuing from it, is likely to cause a sharp economic slump for India and neighboring countries, the World Bank said on Sunday.

12 Apr 2020


Amid increased strain, Reliance Jio increases JioFiber network capacity

Reliance Jio has increased the network capacity of its JioFiber fiber-to-the-home broadband service in the Delhi/NCR region. The move aims to cope up with increased data usage during the lockdown period and provide reliable connectivity to all its users in the region.

11 Apr 2020


Recharge someone's phone, make money using JioPOS Lite app

In the wake of India's nationwide lockdown, businesses carrying out mobile recharges have come to a complete halt.

10 Apr 2020


Facebook sues Indian engineer for running deceptive ads on COVID-19

Facebook has sued an Indian-origin software engineer for making and selling a tool capable of sharing deceptive ads on its platform.

10 Apr 2020


Coronavirus Impact: Food prices surge as supply chain suffers

The coronavirus pandemic and 21-day lockdown announced in India to contain its spread have had a direct catastrophic impact on food supplies, with prices of staple items (barring cereals) increasing by at least three times as compared to last month, a report in HT said on Friday.

10 Apr 2020

Javed Akhtar

Amid lockdown, leading DTH operators offer subscribers free service channels

Leading DTH operators in India have started offering some free service channels in India, the offer is valid at least till April 14. The move is aimed at encouraging home-bound customers to try activities like cooking, dancing, and exercising during the ongoing nation-wide lockdown.

09 Apr 2020


Japan is paying manufacturers to move production outside China

As the spread of coronavirus continues to wreck economies, Japan is trying to revive its disrupted manufacturing sector - by encouraging companies to leave China.

09 Apr 2020

Alibaba Group

Big Basket raises $60mn to meet demand surge amid lockdown

Big Basket, one of India's biggest hyperlocal grocery start-ups, has raised $60 million as part of a bridge-round of funding from Alibaba and others.

09 Apr 2020

Nirmala Sitharaman

Government planning another package to revive growth of coronavirus-stung economy

The government plans to set up a fund with a corpus of Rs. 50,000-75,000 crore to revive industries, that have been battered due to the coronavirus pandemic.

08 Apr 2020

Mukesh Ambani

Amid coronavirus crisis, this Indian business tycoon is growing richer

The outbreak of coronavirus, and the ongoing nation-wide lockdown to prevent it from growing worse, has disrupted businesses so much that their leaders and investors are bleeding money.

08 Apr 2020


Amid lockdown, Zomato launches grocery delivery across 80 Indian cities

As 1.3 billion Indians struggle to move freely and access daily essentials under the 21-day lockdown enforced by the Narendra Modi government, Zomato is rising to the occasion.

08 Apr 2020


Jack Dorsey donating 28% of his wealth to 'disarm' COVID-19

In a major move, Jack Dorsey, the CEO of Twitter and payments platform Square, has announced the decision to donate $1 billion, or about 28% of his wealth, to aid COVID-19 relief efforts.

07 Apr 2020

Mukesh Ambani

#CoronavirusImpact: Mukesh Ambani lost $300 million/day in two months

The outbreak of coronavirus over the last two months has left economies reeling, business disrupted, and people jobless.

06 Apr 2020


After Jio, Airtel and Vodafone introduce ATM recharge facility

Following in the footsteps of Reliance Jio, Airtel and Vodafone have introduced a new facility that allows prepaid subscribers to recharge their mobile numbers at a nearby bank ATM.

06 Apr 2020


Amid coronavirus crisis, Apple starts making face shields for doctors

As the novel coronavirus disease continues to wreak havoc across countries, Apple is coming up with innovative ways to support healthcare workers and doctors in need.

06 Apr 2020


GST effect: These Realme smartphones have become costlier in India

With an increase in GST rates on smartphones from 12% to 18%, Chinese tech giant Realme has increased the prices of its handsets.

06 Apr 2020


Amid COVID-19 crisis, Singapore's richest man has grown richer

The global outbreak of COVID-19 has left economies crumbling.

05 Apr 2020


Music streaming wars: Spotify leads despite big growth by rivals

Last year, the music streaming business grew by a stunning 32% year-on-year with total subscriptions reaching 358 million, according to market research firm Counterpoint Research.

04 Apr 2020

Nokia 5

GST effect: These Nokia smartphones have become costlier in India

With the recent hike in the GST rates on smartphones from 12% to 18%, HMD Global has followed the footsteps of other OEMs to increase the prices of Nokia smartphones.

04 Apr 2020


Bengaluru-based start-up launches home testing kit for COVID-19

In a major development, Bione, a Bengaluru-based biotech start-up, has launched a rapid "at-home test" for the novel coronavirus disease COVID-19.

03 Apr 2020


GST effect: These Vivo smartphones have become costlier in India

As the GST rate on smartphones increased from 12% to 18%, several smartphone manufacturers including Apple, Samsung, Xiaomi have hiked the prices of their handsets in India.