Business News
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04 Apr 2017
IndiaSBI lending rates cut to 9.10%, minimum balance hiked
On Monday, State Bank of India (SBI), which is flushed with liquidity, reduced its base rate by 15 basis points from 9.25% to 9.10% with effect from April 1, 2017.
05 Apr 2017
IndiaRBI may get government help in tackling bad loans
The government is now mulling about passing a legislation, which will allow the Reserve Bank of India (RBI) to tackle stressed assets.
05 Apr 2017
Bharti AirtelJio's free services may not end anytime soon
It is evident that Reliance Jio is bearing a loss in revenue to give free service to its users.
04 Apr 2017
IndiaPrivate sector projects have reached a standstill in recent quarters
According to Centre for Monitoring Indian Economy (CMIE), the progress of private sector projects has reached a roadblock.
04 Apr 2017
IndiaIndia needs Rs. 43 lakh crore to meet infrastructural growth
Finance minister Arun Jaitley said that in the next five years, India would need an investment of Rs. 43 lakh crore to meet its infrastructural-needs.
03 Apr 2017
IndiaGST tightens its noose over tax evaders in India
Under the new GST regime, tax evasion of over Rs. 5 crore is a non-bailable offence and police can nab the culprits without a warrant.
03 Apr 2017
Vishal SikkaFresh dispute at Infosys over COO Pravin Kumar's pay hike
A resolution to increase the salary of Infosys COO U.B. Pravin Rao has led to fresh dispute between the Infosys board and the company's promoters.
03 Apr 2017
Delhi PoliceUnitech, a cautionary tale for the real estate sector
Delhi Police's Economic Offences Wing currently has Unitech's MDs Sanjay and Ajay Chandra in its custody for money laundering and duping its consumers.
03 Apr 2017
IndiaBSE to implement revised transaction rates from today
BSE from today is going to have a change in its transaction fees.
03 Apr 2017
IndiaAmul reaps a creamy profit of Rs. 27,085 crore
Dairy-major Amul has reported a 18% hike in its turnover, raking a profit of Rs. 27,085crore for the 2016-17 fiscal.
01 Apr 2017
iOSApple unveils App Accelerator in India for developers
Apple announced that it will be opening its App Accelerator in Bengaluru which would provide specialized support for developers looking to create iOS tools.
01 Apr 2017
IndiaRegional airlines: Captain Gopinath of Air-Deccan fame makes a comeback
Captain G.R. Gopinath, the man behind the Air Deccan franchise which pioneered low-cost airfares in India, is set to make a comeback.
31 Mar 2017
IndiaDemonetization fails to dampen returns, market shows steady progress
The BSE Sensex performed remarkably this year marking a return of 17% where it oscillated between a low of 24523.20 on April 2016 and a peak of 29824.62 this year.
31 Mar 2017
Tamil NaduCorporates account for significantly higher NPAs than farmers
Indian banks have an estimated Rs. 6.8 lakh crore worth of Non-Performing Assets (NPAs), according to the Public Accounts Committee of the Parliament.
31 Mar 2017
Reserve Bank Of India (RBI)Payment systems to remain closed on April 1: RBI
The Reserve Bank of India (RBI) announced that all payment operations will remain shut on April 1.
31 Mar 2017
IndiaNon-farm sectors: 1 lakh jobs added in Apr-Oct 2016
Only a little over one lakh jobs were added between 1 Apr-1 Oct'16 in eight key non-farm sectors of the economy, stated a government report.
31 Mar 2017
IndiaWestinghouse files for US bankruptcy
Westinghouse, Toshiba's nuclear subsidiary in the US has filed for bankruptcy protection having suffered massive cost overruns in its projects in Georgia and South Carolina.
30 Mar 2017
IndiaIndian online players want government to ensure fair play
Indian online players argue that foreign rivals enjoy more fringe benefits than home grown ones.
30 Mar 2017
Lok SabhaLok Sabha approves GST: Moves one step closer to implementation
The four GST Bills were approved in the Lok Sabha bringing GST one step closer to a roll out on July 1st. "We seem to be on time... (we are) reasonably optimistic about meeting the deadline", said Arun Jaitley.
29 Mar 2017
Lok SabhaGST Bills: Employee amenities, gifts made taxable
An examination of the recently introduced Goods and Services Tax (GST) Bill reveal that the tax could be levied on certain perks provided by employers to employees, that fall outside Cost to Company (CTC).
28 Mar 2017
IndiaOla cabs to introduce fully electric taxis
ANI Technologies Pvt. Ltd., Ola Cabs' parent company, is set to introduce fully electric cars as Ola cabs on a pilot basis across major Indian cities within three months.
27 Mar 2017
BusinessCBDT to forego interest, if principal is paid
Central Board of Direct Taxes (CBDT) now only wants the companies to pay up the principal demand of capital gains tax.
25 Mar 2017
IndiaGoing cashless to support "Digital India"
Indians are more accustomed to having money in their physical wallets than a digital one.
24 Mar 2017
IndiaDalal Street: Who rules it?
It's not as easy to make money via stock markets as 'Wolf of Wall Street' shows.
23 Mar 2017
FlipkartWill Indian e-commerce giants show profit anytime soon?
Currently, there are three major players in the Indian ecommerce space - Flipkart, Paytm and Snapdeal.
22 Mar 2017
Jay ZThinx cofounder Miki Agrawal accused of sexual harassment
Former Thinx employee Chelsea Leibow has filed a complaint alleging sexual misconduct by Miki Agrawal at the workplace.
20 Mar 2017
IndiaThere has been no data leak says McDonald's India
In a statement issued by McDonald's India (South and West), the firm vehemently denied that there was any data leak.
17 Mar 2017
IndiaIndian start-ups go through nightmarish week
The often "over-glamorised" Indian start-up ecosystem went through a dismal week coloured by accusations of sexual harassment, incidents of bankruptcy, and ugly family feuds.
17 Mar 2017
FacebookChina's decision to block Pinterest comes as a major surprise
Pinterest- a website that shares images of various ideas, objects and events, came under the radar of Chinese Internet Laws. China has decided to block Pinterest.
16 Mar 2017
World Economic ForumGSK's first woman CEO to get 25% less than predecessor
Top-global drugmaker GlaxoSmithKline appointed Emma Walmsley as its new CEO.
13 Mar 2017
United States of AmericaSEC rejects Bitcoin trade fund proposal
The US SEC has rejected a proposal by Tyler and Cameron Winklevoss, who sought to create an exchange traded fund based on prices of the Bitcoin.
13 Mar 2017
IndiaShopClues co-founder publicly accuses wife
ShopClues, one of the nine Indian unicorns, was co-founded in 2011 by Sandeep Aggarwal, Radhika Aggarwal, and Sanjay Sethi.
13 Mar 2017
GoogleGoogle in talks to re-enter China
Officials said Google has been in talks to begin services in the country once again.
13 Mar 2017
IndiaCome 2020, Suzuki sees India as third biggest car market
Japanese automaker Suzuki Motor Corp. pitched India as the third biggest car market in the world, a feat that the country will achieve by 2020, reports said.
11 Mar 2017
IndiaCome IPL 10, Hotstar eyes revenues of Rs. 200 crore
With India's infatuation for cricket, the upcoming IPL edition of the IPL T20 tournament looks promising for Star India's Hotstar as it aims to earn over Rs. 200crore in revenues.
09 Mar 2017
MumbaiTata Motors, Volkswagen sign deal to jointly develop vehicles
Indian auto company Tata Motors signed a memorandum of understanding (MoU) with German automaker Volkswagen today to develop vehicles for India's domestic market.
09 Mar 2017
IndiaQatar Airways to launch India's first fully foreign-owned airline
Sources have confirmed that Qatar Airways seeks to launch India's first fully foreign-owned domestic airline.
09 Mar 2017
State Bank of India (SBI)Going cashless costs money, debit card charges explained
There's been an increase in the digital transactions since Prime Minister Narendra Modi announced the demonetization of Rs. 500 and Rs. 1,000 notes last November.
09 Mar 2017
IndiaIndia loses 11 billionaires to demonetization, Ambani still the richest
According to the Hurun Global Rich List India, India's club of the richest has shrunk by 11 people since the demonetization was unleashed in November.
09 Mar 2017
IndiaKachcha Aam candy Pulse clocks Rs. 300 crore sales
Amidst stiff competition from MNC rivals, India's popular home-grown candy Pulse crossed sales of over Rs. 300 crore last month, in just two years after its launch.
