Business News
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19 Apr 2017
IndiaGovernment aims to raise Rs.72,500cr from disinvestment plan for 2017-18
The government kick-started the process of selling minority stake in seven PSUs, including blue-chips like Indian Oil Corporation and Steel Authority of India.
18 Apr 2017
AndroidGoogle may be sued for Nexus 6P bug
Google's fight with Uber may need to take a back seat owing to the fact that the company now might face a class-action lawsuit because of its flagship device, Nexus 6P.
18 Apr 2017
IndiaNDTV to sell some of its strategic assets
New Delhi Television or NDTV Ltd has notified BSE and NSE as per the Company's Code of Conduct for Prevention of Insider Trading, that it would close its trading window as it has convened a board-meeting to discuss the potential sale of some of its strategic assets.
18 Apr 2017
IndiaNetflix opens up a dialogue on Indian net neutrality debate
After playing a prominent role in the fight for net neutrality in the US, Netflix now weighing in on the same topic in India by making calculated moves on an already controversial issue.
18 Apr 2017
PaytmPaytm Food Wallet to tackle outdated paper-based meal vouchers hiccup
As per RBI, meal paper vouchers given out by firms are not going to be valid after December 31, 2017, and it has to make a digital leap.
17 Apr 2017
North KoreaGold hits five-month high riding on troubled waters
Gold soared to a five-month high as investors are veering towards assets that will not dwindle in face of rising global tensions.
17 Apr 2017
IndiaHike to add payments mechanism with UPI integration
Sources confirmed that Hike Messenger is all set to roll out a payment mechanism on the app which will be the first in India to be integrated with the government's UPI interface.
17 Apr 2017
IndiaUnion Bank's July 2016 crisis - $171mn hacked
In July'16, Union Bank of India faced a major crisis - hackers had swindled $171mn (Rs. 1,100cr) from its Nostro account (a bank's account holding foreign currency in another bank).
16 Apr 2017
IndiaSnapdeal gets two fatal blows among acquisition talks
Amidst acquisition talks, Snapdeal gets hit with two more devastating incidents that could potentially cripple the already faltering home-grown e-commerce giant.
16 Apr 2017
UberUber shares financially upward trajectory to cover failures
Uber is a privately held company and is therefore not legally required to share its financial credentials with the public or anyone else for that matter.
16 Apr 2017
IndiaVisa, Mastercard grow wary of UPI, BHIM popularity
Visa, Mastercard have now resorted to lobbying their case in order to make sure that they do not lose out in the wake of a cashless economy in India to apps like UPI and BHIM.
15 Apr 2017
IndiaSnapchat not for poor countries like India, Spain: Evan Spiegel
An ex Snapchat employee revealed that Snapchat's CEO Evan Spiegel had once commented that the app was for 'rich people' and that he wasn't interested in expanding to 'poor countries' like Spain and India.
15 Apr 2017
IndiaASCI guidelines to prevent companies from making exaggerated claims
Advertising Standards Council of India (ASCI) in a welcome move has issued a series of guidelines to finally prevent the exaggerated claims made by the companies in their ads.
15 Apr 2017
LinkedInTech, consultancies again emerge as America's top paying companies
Tech companies and consultancies have once again emerged as employers offering highest median salaries in the US.
14 Apr 2017
FacebookAirbnb to work on app security after hijackers burgle homes
Three people were robbed as hijackers hacked into verified accounts and, under false pretence burgled the properties of those people, who had listed it on Airbnb.
14 Apr 2017
IndiaReliance Jio says telcos are employing deception to retain users
It appears that the tiff between Reliance Jio and rival telcos is only going to get worse with time.
13 Apr 2017
InfosysInfosys gets reality check, it's time to buckle up
Infosys Q4 results are out and its lacklustre numbers are a reflection of how the firm is handling itself at the moment.
14 Apr 2017
IndiaHenry Kravis' tryst with Indian investment scenario
Investment firm KKR's co-founder Henry Kravis will go down in history of investments with two words that remain highlighted in his career- "Leveraged buyout" and "go-go '80s"
14 Apr 2017
IndiaIs Bankruptcy Code the much-needed fix for bad loans?
India's insolvency problem with private and public sectors' NPAs is running a tab of Rs. 6 lakh crore.
14 Apr 2017
IndiaAIF threshold ceiling to be lowered for bolstering start-ups
Narayana Murthy-led SEBI committee is set to propose lowering of investment threshold limit when it comes to Alternative Investment Funding (AIFs).
13 Apr 2017
Bharti AirtelAirtel launches internet-based set top box in India
Bharti Airtel in a bid to increase its subscriber base and bolster revenue has now come up with an internet-based set-top box powered by Google's Android TV operating system.
13 Apr 2017
IndiaHeadline inflation is up, but don't expect rate hike soon
While RBI withheld its decision to revise the policy rate due to impending Monsoon, headline inflation swelled up to a 5 month high, failing to contain rising fuel prices.
13 Apr 2017
IndiaAmazon India receives RBI approval for digital wallet service
Amazon India has received a payment license from the Reserve Bank of India (RBI) allowing it to offer a digital wallet service to its users.
13 Apr 2017
Ratan TataIndian lingerie start-up Clovia raises $4m in funding
Indian lingerie start-up Clovia has managed to secure a whopping $4m in a post-Series A funding round.
13 Apr 2017
San FranciscoLyft raises $600 million: How much is it worth now?
San Francisco-based ride-services firm Lyft has raised $600mn in a fresh funding round, fuelling the company's growth.
13 Apr 2017
EuropeIMAX partners with AMC to solidify European presence
IMAX, the premium movie theatre company, has recently struck a deal with the biggest movie operator in Europe, AMC.
12 Apr 2017
IndiaIndia: Passenger vehicles reach 3 million mark
Passenger vehicle segment saw a 9.23% growth by managing to sell 30,46,727 units in FY 2017-18.
11 Apr 2017
IndiaRBI speeds up settlement time for NEFT clearance
RBI has decided to reduce the time frame for the settlement of National Electronic Funds Transfer (NEFT) from 1 hour to 30 minutes in its revamped monetary policy.
11 Apr 2017
IndiaIndian companies train employees on counter terrorism, crime prevention
Companies in India including MNCs and start-ups are increasingly training their employees on techniques to prevent crime and fight terror.
10 Apr 2017
BusinessData breach affects 245,000 customers of British loan firm
As many as 245,000 customers of British payday loan firm Wonga may have been affected by a data breach.
10 Apr 2017
Arun JaitleyGST taxpayers will now get a performance based rating
Under the goods and services tax (GST) slated to begin from July 1, taxpayers will be given ratings.
10 Apr 2017
IndiaHome-grown PE fund acquires ailing Religare Health Insurance
A consortium of investors, led by Indian private equity fund True North, finally acquired the ailing health insurance business of Religare Enterprises Ltd for Rs. 1,300 crore.
10 Apr 2017
GoogleGoogle accused of methodical gender pay gap
According to The Guardian, US Department of Labour (DoL) has accused Google of "systematic compensation disparities" between its male and female employees.
10 Apr 2017
North AmericaOnline clothing rental market set to boom: says report
An Alliance Market Research survey predicted that online clothing rental market would register compound annual growth rate of 10.6%, reaching $1856 million by 2023.
08 Apr 2017
SamsungHuawei-Samsung Patent Case: Court orders Samsung to pay 80m Yuan
Chinese smartphone maker Huawei Technologies won a patent victory over its South Korean rival Samsung Electronics.
07 Apr 2017
IndiaIndia ranks 9th among 41 countries in corruption in businesses
According to a recent survey by EMEIA, India's honesty towards doing business is a far cry from an ideal scenario.
06 Apr 2017
Kendall JennerPepsi pulls down Kendall Jenner ad over protests
The latest controversial ad campaign by Pepsi featuring reality TV star and supermodel Kendall Jenner in a rally left a sour taste in some people's mouth.
06 Apr 2017
IndiaZomato takes a large bite of the profit pie
Food start-up Zomato has released an unaudited report of their performance.
06 Apr 2017
FlipkartFlipkart's mergers if okayed, starts the proper e-commerce war
The market is currently ripe with rumours regarding two major Flipkart mergers - one with eBay and another with Snapdeal.
05 Apr 2017
InfosysInfosys may freeze over, Sikkha will get a check
Non-founder CEO of Infosys Vishal Sikka's new salary with a 55% hike stands at $11 million.
