Business News
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13 Jun 2017
BusinessCyber-security risks: News, sports websites most vulnerable to attacks
News and sports websites have poor levels of security and are vulnerable to cyber attacks, revealed a study.
12 Jun 2017
IndiaGST roll-out on 1 July: How prepared is India?
Even with the Goods and Services Tax (GST) coming into effect only two weeks from now, several businesses aren't ready for it.
12 Jun 2017
IndiaAir India staff: no salad, less magazines to save airlines
According to reports, Air India is on the last leg of its journey with the NDA government making it a priority to get rid of the deadweight that is eating into profits. But it is not the end unless its finally over.
12 Jun 2017
IndiaTRAI tightens reins on global SIM card providers
According to reports, Telecom Regulatory Authority of India (TRAI) is now pushing for tightening the norms for international SIM card and global calling card companies, if there is a service failure.
11 Jun 2017
IndiaGST Council reduces tax rates of 66 items
After the GST Council's 16th meeting, it has reduced the rates of 66 items, including agarbattis and insulin, which will now be taxed at 5%.
11 Jun 2017
HondaHonda 2030 plan focuses heavily on self-driving cars, AI, EVs
Several players in automobile tech are betting heavily on going green along with bringing forward cars that would ply on the roads with minimum human effort. Japanese carmaker Honda Motor Co has now joined the bandwagon along with pioneers like Tesla to make this into a reality.
10 Jun 2017
JapanAirbnb can continue operations in Japan adhering to new rules
The Japanese government has now okayed Airbnb to operate in the country without getting embroiled in regulatory hurdles, it has also set new laws for home sharing.
10 Jun 2017
Reliance JioBSNL will install 25,000 Wi-Fi hotspots to bridge digital divide
BSNL has signed a memorandum of understanding (MoU) with the Universal Service Obligation Fund (USOF) to have 25,000 Wi-Fi hotspots in rural exchanges within the next six months.
10 Jun 2017
IndiaSupr Daily, your friendly digital doodhwala gets $1.5 million funding
Supr Daily, an Indian start-up fresh out of the Y Combinator accelerator program, has managed to rake $1.5million funding for its operations.
09 Jun 2017
Alibaba GroupJack Ma gains $2.8 billion in one day
The founder and executive chairman of Alibaba Group, Jack Ma became Asia's richest man and the 14th wealthiest man in the world; his net worth surged from $8.5 billion to $41.8 billion this year.
09 Jun 2017
FlipkartGST roll-out fear triggers massive online 'sale' by Flipkart, Amazon
Sellers on e-commerce sites like Amazon and Flipkart are offering huge discounts ahead of the Goods and Services Tax (GST) roll-out on 1 July.
09 Jun 2017
IndiaFlipkart eyes new avenues, entry in Fintech, more tech hires
India's home-grown e-commerce platform Flipkart is looking forward to taking the next big leap; the firm is poised to include new categories such as furniture and groceries in its foray.
09 Jun 2017
InfosysInfosys: To sell or not to, that is the question
For Infosys, it's one bad day after another; the bellwether IT firm has too many things on its plate.
08 Jun 2017
IndiaCoca-Cola enters India's frozen desserts segment, launch in 3 months
Summer and aerated drinks used to go almost hand in hand a few years ago but as more people are getting health conscious, companies like Coca-Cola are changing their tone to make things healthier than the calorie packing beverages they are predominantly associated with.
08 Jun 2017
IndiaSamsung plans to invest Rs. 4,915cr in its Noida Plant
South Korean company Samsung Electronics Co. Ltd said that it will invest Rs. 4,915crore in its Noida plant to double the production; after acquiring 35-acre land adjacent to the current facility, approved by the Uttar Pradesh government.
08 Jun 2017
IndiaCould Baba Ramdev soon launch lipsticks?!
After launching a range of products, Baba Ramdev is now considering a new venture: lipsticks!
08 Jun 2017
IndiaRBI Monetary Policy Committee keeps repo rate unchanged at 6.25%
Governor Urjit Patel-led six-member Monetary Policy Committee (MPC) of the Reserve Bank of India kept the repo rate (short-term lending rate) unchanged, while slashed the statutory liquidity ratio (SLR) by 50 basis points to 20% in their second bimonthly monetary policy review.
07 Jun 2017
PaytmPaytm founder Vijay Shekhar's new Lutyens' zone acquisition
Paytm founder Vijay Shekhar Sharma has a new property: 6,000-sq-ft residential premises worth Rs. 82cr at New Delhi's coveted Lutyens' zone, one of India's most expensive locations.
06 Jun 2017
IndiaTRAI launches 3 apps for transparency between customers and operators
The telecom sector is currently in the middle of an upheaval as with the entry of Reliance Jio, all telcos are now trying to beat one another.
06 Jun 2017
IndiaSoftBank's $100b fund is seeking investors for the remaining $7b
According to reports, Masayoshi Son-led SoftBank Group Corp is now in talks with the Canadian and Middle Eastern investors to raise the $7 billion, which is needed to complete the $100 billion SoftBank Vision Fund.
05 Jun 2017
IndiaGST is knocking on the door, is your business ready?
Although the NDA government is confident about rolling out GST from July 1, small businesses and self-employed entrepreneurs still need time to get their affairs in order and get GST-ready.
05 Jun 2017
IndiaPower giant NTPC forays into electric vehicle charging stations
With the intention of promoting clean energy, power giant National Thermal Power Corporation (NTPC) forayed into the new business of setting up electric vehicle charging stations in Delhi and Noida. It will eventually raise the demand for such vehicles as well as the demand of power generated by NTPC's plants.
04 Jun 2017
AndroidAndroid's founder first device "Essential" is apparently a Spigen property
Andy Rubin's new company Essential, which recently showcased their first device, regarded as a flagship killer, has managed to hit its first roadblock.
04 Jun 2017
IndiaGST Alert: Beedis get 28% without any cess, Gold 3%
The 15th meeting of the GST Council chaired by FinMin Arun Jaitley and other state representatives has okayed the tax rates and cleared the pending rules for July 1 roll-out with the exception of West Bengal.
02 Jun 2017
Donald TrumpSilicon Valley unites against Trump's decision to abandon Paris agreement
President Donald Trump's decision to withdraw the US from the Paris climate change agreement has been condemned by world and business leaders alike.
01 Jun 2017
IndiaNarayana Murthy has a solution for lay-offs: Senior executive salary-cuts
Infosys co-founder NR Narayana Murthy said that if senior executives in companies took salary cuts, large-scale job losses could be avoided.
01 Jun 2017
UberUber posts $708m loss in first quarter, finance chief quits
Uber's continued saga of misfortunes turns one more page as the firm's head of finance, Gautam Gupta, leaves Uber to join an unnamed start-up.
01 Jun 2017
IndiaBidi workers unmask true nature of its industry
The bidi lobby had said that since it employs more than 68,958 people, if they are subjected to a higher tax bracket, workers will lose their jobs.
01 Jun 2017
State Bank of India (SBI)SBI to charge more for ATM, online, cash transactions
The State Bank of India (SBI) has revised service charges on ATM withdrawals for customers using its SBI Mobile Buddy mobile app, effective from June 1.
01 Jun 2017
IndiaHomemakers generated Rs. 54,000cr in sales via social media platforms
Whenever we think about e-commerce, it's usually enterprises like Flipkart, Amazon and how they are changing the consumption pattern in India.
01 Jun 2017
IndiaIndia loses the fastest-growing economy tag to China
India's economic growth slowed for the fourth consecutive quarter in the three months that ended in March, losing out the fastest-growing economy tag to China.
31 May 2017
AmazonAmazon's $1,000 share price is a signal of changing times
If someone had walked into Amazon's first day of trading in May 1997 and spent $100 on Amazon, that person would have been richer by $50,000 now.
31 May 2017
IndiaHealthier Maggi noodles - Nestle India launches iron fortified noodles
Nestle India is revamping its Maggi Masala Noodles by cutting the salt content and adding iron to launch a new fortified variant of the ready-to-cook noodles.
31 May 2017
IndiaIndia's education-tech space to be Rs. 12,669cr industry by 2021
Education in India is a subject of stark contrasts.
31 May 2017
IndiaLeEco: Slow and steady wins races, not the reckless
LeEco, the Chinese phonemaker, in 2016 had a clear goal in front of itself- disrupt the US market.
30 May 2017
SnapdealSnapdeal's future gets messier with unexpected funding, issuance of shares
Just when you thought the Snapdeal saga was at its very end, there is a new twist in the tale.
30 May 2017
Mukesh AmbaniRCom is hurting and it's not only the debt burden
This could have been the premise of a Bollywood potboiler but it isn't.
30 May 2017
IndiaReliance JioFiber to offer 100GB data for Rs. 500
Reliance Jio is reportedly considering the commercial launch of its broadband service JioFiber after Diwali this year.
30 May 2017
West BengalPatanjali products fail quality tests: RTI reply
An RTI query has revealed that Patanjali products have failed several quality assessment tests conducted by Haridwar's Ayurveda and Unani Office.
30 May 2017
IndiaChina's cashless economy is a valuable lesson for India
The NDA government is pushing for a cashless economy and we may achieve it eventually in the future but right now, the focus is on how one of the biggest economies, China, has gone cashless, its benefits and disadvantages.
