Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
08 Mar 2017
LinkedInMiddle-aged employees in IT could soon be left jobless
Capgemini India recently said most employees in middle and senior levels in the Information Technology sector don't have the required skill-set that this constantly-changing industry demands, which could eventually lead to massive job losses for the middle-aged.
07 Mar 2017
KolkataTalkTalk - A victim of Indian scam call center
Customers of British telecom giant TalkTalk are being targeted by an India-based industrial-scale fraud network, three whistleblowers have revealed to the BBC.
07 Mar 2017
New JerseyOscars 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.
05 Mar 2017
Reserve Bank Of India (RBI)Jio Payments Bank receives RBI nod
Jio Payments Bank (JPB), a joint venture between State Bank of India and Reliance Industries Limited, has received the crucial go-ahead from the RBI.
03 Mar 2017
Ratan TataTata Motors-owned JLR unveils the 'Velar'
Ratan Tata's passion project, the 'Range Rover Velar' was unveiled by Tata Motors' subsidiary 'Jaguar Land Rover'.
02 Mar 2017
IndiaReliance Jio to offer fixed line digital service
Reliance Jio has partnered with Team F1 to roll out a fixed line digital service via an advanced home gateway solution.
02 Mar 2017
Sunil MittalTelecom spectrum auction proposed in July-December
The government is contemplating a fresh round of spectrum auction between July - December 2017.
01 Mar 2017
IndiaIndian GDP numbers announced, leave experts flummoxed
Official GDP numbers released yesterday show the Indian economy's annual gross domestic product growth for the October-December quarter clocked 7 per cent.
28 Feb 2017
LGFree 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.
28 Feb 2017
IndiaGovt'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.
27 Feb 2017
AmulIcecreams, 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.
27 Feb 2017
Elon MuskElon Musk's investigation into Tesla factory working conditions
Following an accusatory post made on Medium by Tesla employee and union advocate Jose Moran earlier this month, Elon Musk shared the results of his investigation into working conditions at Tesla Motors.
26 Feb 2017
IndiaNew 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.
26 Feb 2017
JapanTaiwan'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.
26 Feb 2017
IndiaAfter 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.
25 Feb 2017
FacebookWhatsApp 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.
24 Feb 2017
Bharti AirtelAirtel acquires India operations of Telenor, shares soar
Bharti Airtel shares rose 11% after it confirmed taking over the India operations of Norwegian Telenor.
24 Feb 2017
Kolkata Knight Riders (KKR)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.
23 Feb 2017
IndiaIDBI 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.
22 Feb 2017
IndiaBudget 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.
21 Feb 2017
KPMGUS 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.
20 Feb 2017
Tata Consultancy Services (TCS)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.
20 Feb 2017
IndiaBharatQR 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.
19 Feb 2017
GSTService 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.
18 Feb 2017
Tesla Model SPremium 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'.
18 Feb 2017
Ratan TataInvestors 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.
17 Feb 2017
FlipkartE-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.
17 Feb 2017
IndiaRs. 2000 notes printed when Rajan was governor
Reports revealed that even though the Rs. 2000 bears the signature of current RBI governor Urjit Patel, the printing began when Raghuram Rajan was in office.
17 Feb 2017
Reserve Bank Of India (RBI)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.
16 Feb 2017
iPhoneApple's new campus to be operational this year
In a fitting tribute to the late Steve Jobs, Apple is set to complete its new, futuristic 'spaceship' campus in Cupertino, California, by spring this year.
16 Feb 2017
India25K 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.
16 Feb 2017
Narendra ModiMahindra 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.
15 Feb 2017
BMWBMW recalls over 41000 cars over defective air-bags
BMW has announced the recall of 41,685 cars in China due to concerns over defective air bags.
15 Feb 2017
Jaguar Land RoverTata Motors' profit drops by 96%
Tata Motors has reported a 96% drop in earnings for the third quarter ending December 2016.
15 Feb 2017
TokyoNuclear deal triggers Toshiba CEO resignation, $6.3 billion write down
Struggling technology conglomerate Toshiba today announced the resignation of its chairman Shigenori Shiga.
14 Feb 2017
IndiaiPhones become the latest casualty of demonetization
Apple's revenue and sales targets for India are in jeopardy as iPhone sales have plummeted since the demonetization.
14 Feb 2017
Reserve Bank Of India (RBI)Inflation at a five year low
First time in five years, the Consumer Price Index (CPI) eased to the lowest point of 3.17 % in January 2017.
14 Feb 2017
IndiaSEBI 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.
13 Feb 2017
IndiaUsed 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.
13 Feb 2017
Donald TrumpIT, 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.