Business News
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Deadline to file I-T returns extended to 31st October
Easing the stress of many tax payers, the Finance Ministry extended the last date to file the Income Tax returns.
Snapdeal's 3-day sale offers discounts of up to 70%
Indian e-commerce firm Snapdeal today announced a three-day long sale offering "double digit" discounts on consumer favourite categories like electronics, fashion, and home.
Focus on regional connectivity pushes up airfares for bigger cities
Domestic flights between metros and big cities are set to go up a notch as the government looks to direct funding to air connectivity between smaller towns.
Air India stake sale soon, hints Jaitley
Now that two parties have formally expressed interest in buying the national carrier Air India, FinMin Jaitley has hinted that an expeditious decision will soon be taken on its disinvestment.
Stock trading till 7.30 pm? Bourses mull, SEBI on board
According to reports, Indian bourses are mulling on extending the stock trading hours by 2-4 hours.
WhatsApp for Business kick-starts with BookMyShow; Ola, Oyo will follow
WhatsApp in the bid to monetize its platform had launched, what it calls, "WhatsApp for Business" for certain select organizations.
Solar equipment norms made stringent to deter cheap Chinese imports
Reportedly, the center has now imposed stringent quality norms for solar equipment and components.
Paytm looking to become a full-service bank through partnerships
Paytm's rise to prominence during the demonetization-phase fuelled its ambition to get into the banking business.
Flipkart partners with global firms to push private labels
Indian home-grown e-commerce platform Flipkart, in a bid to push its private labels, has now decided to work closely with manufacturers in China, India and other Southeast Asian countries.
Uber's new CEO Dara Khosrowshahi promises big changes
It looks like Uber's new CEO Dara Khosrowshahi is shaking things up for the better.
GDP growth in April-June quarter slides to 5.7%
As per data, the growth of Indian economy slumped to a three-year low in the April-June quarter.
Post-GST, fewer customers having to pay service charge
Looks like the government's awareness drive on the voluntariness of paying service charge at restaurants as well as the new GST regime are producing results.
Telcos are violating net neutrality, say content creators
Content firms have said that the demand for a revenue-sharing model by the telcos like Airtel, Telenor and Reliance Communications, was "unfair and unreasonable" and went against the foundations of net neutrality.
Investigation: Over 800 'firms' located at two vacant Delhi addresses
The menace of shell companies is an undeniable reality in India. Last month, PM Narendra Modi announced over 37,000 such firms have already been detected, and registrations of one lakh others have been cancelled.
JioPhone may get delivered in these places, first
If you have pre-booked a JioPhone, this news is going to go either way for you.
Nifty 50: How does it actually work?
Post periodic review by India Index Services and Products (IISL), the National Stock Exchange's (NSE) will move ACC, Bank of Baroda, Tata Power and Tata Motors DVR from its benchmark Nifty 50 index.
Luxury cars/SUVs to cost more as govt okays cess hike
The Centre today approved a 10% hike in cess on luxury cars and SUVs - from 15% to 25%. This is in addition to sales tax.
The rise of Iranian-Americans in the tech industry
The appointment of long time Expedia CEO Dara Khosrowshahi as the new Uber CEO underscores a larger phenomena happening in America for some time now - the rise of Iranian-Americans in the tech industry.
GST collection in July exceeds target, more revenue expected
As per reports, in July i.e. the first month under the Goods and Services Tax (GST) regime, the government has raked a whopping Rs. 92,283 crore as revenue, exceeding the target that it had set for itself.
1,000 rupee notes will not be re-introduced, says FinMin
Since there had been disequilibrium in the market after the introduction of Rs. 2,000 notes straight after Rs. 500, the center has recently introduced the new Rs. 200 notes.
NTPC share-sale is expected to fetch govt Rs. 13,800 crore
Following Rs. 22,500 crore OFS in Coal India in 2014-15 and Rs. 15,200 crore IPO in 2010, the government will now conduct its third-biggest disinvestment deal.
BigBasket eyes $200 million investment from Paytm Mall, Alibaba
According to reports, online marketplace Paytm Mall and its principal investor Alibaba has extended the exclusivity period of their negotiations with online grocer BigBasket for two weeks.
Tata Nano is perfect for Bangladesh, says Nitol Niloy's chairman
Tata Nano might have fizzled out in India but it's growing strong in Bangladesh.
Future Group wants to expand brand presence in tier-II cities
Future Group plans on increasing the proliferation of its smaller format stores in tier II and III cities.
Digital payments may get you 2% relief on GST
In order to promote Digital India and discourage cash payments, the center is now mulling on giving a 2% incentive over the applicable GST rate for payments made digitally on bills up to Rs. 2,000.
New Rs. 1,000 notes to come with enhanced security features
The Rs. 1,000 note, which went out of circulation last November, is making a comeback in a new avatar.
Uber chooses Expedia's Dara Khosrowshahi as its new CEO
Uber has, reportedly, chosen Expedia CEO Dara Khosrowshahi as its new chief executive.
99% demonetized Rs. 1,000 notes returned to RBI
The RBI website announced that roughly 99% of the demonetized Rs. 1000 currency notes had returned into the banking system.
Ask the Trivago guy how to turn bad publicity around
"Kya apne kabhi online hotel search kiya hai?" Maybe you don't spend much time on TV or YouTube, but if you have seen the Trivago ad once, you will remember it.
Tata Nano may stage a comeback, as an electric car
Tata Nano, which was released among much fanfare, has lost its steam over the years. Not only have the sales dwindled to an abysmal low, several allegations on the model have made it a tough sell.
Infosys under Nilekani will adapt a 3-pronged strategy
If anything is evident from Nilekani's tweet - "Joined @Infosys at 26, re-joined it at 62." - it's the fact that Infosys is once again relying on its old guard to bring the much-needed order.
Amazon's acquisition of Whole Foods Market: What it means
Global e-retailing giant Amazon Inc. is all set to complete its acquisition of American supermarket chain Whole Foods Market Inc. on Monday.
Workspace start-up WeWork gets massive $4.4 billion from SoftBank
WeWork, the New York start-up which helped pioneer the concept of shared office spaces and associated services, has now won the vote of confidence from two huge investment groups along with hefty $4.4 billion investment.
Will Vishal Sikka join HPE as CTO? Sources say yes
A week ago, Vishal Sikka resigned from the post of Infosys CEO and joined as executive vice chairman. Yesterday, he quit that too, stepping down with immediate effect.
Can Google lose trademark over its name? Perhaps, yes.
The US Supreme Court is currently mulling on whether Google should be allowed to retain the trademark on its name.
PSB Consolidation: Cabinet gives nod to merge state-owned banks
Taking another step towards consolidation of public sector banks (PSBs), the Union Cabinet approved an "Alternative Mechanism" for constituting an inter-ministerial panel for overseeing the mergers of 21 state-run banks.
iPhone 8 to be unveiled on September 12?
If reports are to be believed, Apple could unveil its next iPhone at 9am on September 12. There's confirmation that it has scheduled a press conference on that day.
Infosys appoints Nandan Nilekani as Chairman of the Board
According to reports, Nandan Nilekani has been appointed as the non-executive, non-independent director and the Chairman of the Board of Director with immediate effect.
Battle for traffic: Mobile ad fraud rising alarmingly in India
Advertising fraud, especially on mobiles, is a huge global issue that costs marketers several billions of dollars.
Your phone bills might reduce even more!
Falling mobile bills are set to dip further, analysts say, with a 25-30% decline over the next year.