Business News | Page 160
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09 Feb 2017iPhone
Apple rushes to meet unprecedented demand for iPhone 8
Production schedules for iPhone 8 have been advanced to meet "unprecedented demand" in the market.
09 Feb 2017Bharti Airtel
Kumar Mangalam Birla to lead Vodafone-Idea merged entity
Aditya Birla Group chairman Kumar Mangalam Birla is expected to lead the entity created if Vodafone and Idea were to merge.
08 Feb 2017BMW
BMW i Ventures announces investment in 3D printing start-up
BMW i Ventures, the automaker's venture capital arm, has made several strategic investments in start-ups which it deemed would be instrumental in shaping future mobility.
08 Feb 2017Reserve Bank Of India (RBI)
RBI maintains status quo on Repo rate
Reserve Bank of India kept Repo rate steady at 6.25 per cent as announced in its Monetary Policy Review on Wednesday.
08 Feb 2017Mark Zuckerberg
A group of Facebook shareholders want Zuckerberg gone
In what is uncannily similar to the Steve Jobs' ouster by Apple in 1985, a group of Facebook shareholders have filed a proposal to remove Facebook founder Mark Zuckerberg from his role as Chairperson of Facebook's board of directors.
08 Feb 2017Business
Twitter outlines new anti-hate speech features
Twitter stated that it has introduced several new steps to curb hate speech on its platform. This includes steps to prevent banned members from creating new accounts and filtering search results.
08 Feb 2017Tata Consultancy Services (TCS)
Chandrasekaran elected Chairman of Tata Steel
Tata Sons Chairman N Chandrasekaran has been elected as the chairman of the board of Tata Steel. Chandrasekaran said "I feel greatly honoured to be chosen as the Chairman and I accept this responsibility with a deep sense of humility."
08 Feb 2017Arun Jaitley
Punishment if govt employees criticize govt action
Finance Minister Arun Jaitley issued a warning to all government employees of disciplinary action if they criticised government policies in public.
Govt reduces stakes in ITC by 2%
The government divested 2 percent of its stake held in FMCG giant ITC through the Specified Undertaking of the Unit Trust of India (SUUTI).
Jio's 'Happy New Year' offer faces more trouble
Airtel and Idea Cellular have filed fresh appeals against the Telecom Regulatory Authority of India's order that Reliance Jio's 'Happy New Year' offer was distinct from the Jio Welcome Offer.
Unemployment rates rising in India
Minister of State for Planning Rao Inderjit Singh said in the Rajya Sabha that the overall unemployment rate in the country was on the rise. He said backward classes were affected significantly.
07 Feb 2017Arun Jaitley
The core team that drafted the Budget
Finance Minister Arun Jaitley was closely assisted by a team of seven top officials in drafting the Budget for 2017-18.
07 Feb 2017Business
UberPOOL, Ola Share to be banned in Delhi?
Cab sharing services like UberPOOL and Ola Share may soon be stopped in Delhi. Delhi government officials said cab companies were "bringing out more variants of shared rides, which is technically illegal. The government was never consulted."
07 Feb 2017Arun Jaitley
Capital gains tax only on sham transactions - CBDT
An "exhaustive list" of transactions will be exempted from the proposed 10 per cent long-term capital gains tax on investors in unlisted companies, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said today.
UberHIRE launched in 9 Indian cities
USA-based cab aggregator Uber has launched 'UberHIRE' in 9 Indian cities including Delhi, Mumbai and Pune.
06 Feb 2017Ratan Tata
Tata Sons' shareholders vote out Cyrus Mistry from board
On Monday, the shareholders of Tata Sons Ltd., controlled by Tata Trusts and Tata Companies, together voted to oust Cyrus Mistry as a director in an extraordinary general meeting (EGM).
06 Feb 2017Arun Jaitley
Ambitious divestment target in the budget
In the period of 12 months starting April 17, the government hopes to raise Rs 72,500 crore from a three-fold divestment plan for Public Sector Undertakings (PSU).
IndiGo security training centre under scanner
The Bureau of Civil Aviation Security has temporarily suspended the license of IndiGo's security training centre after it found rampant malpractices in conducting security exams for IndiGo crew.
Indian start-up CEOs moving to Canada
Indian start-up founders have begun finding it difficult to crack US immigration and the situation with Donald Trump's immigration policies have made the situation more complex.
No plans to stop ride-sharing in Chennai
Amid the ongoing tussle over ride-sharing services in Bengaluru, the Tamil Nadu State Transport Department clarified that there were no plans to halt ride-sharing services in Chennai.
05 Feb 2017RuPay
Banks free to fix charges on cashless transactions
To encourage greater participation by banks in developing cashless economy, the Reserve Bank of India (RBI) has allowed them the freedom to fix service charges on cashless transactions.
05 Feb 2017Donald Trump
App helps you find love based on what you hate
People often look for partners with whom they have much in common, especially mutual likes.
04 Feb 2017India
TRAI gives nod to Jio's 'Happy new year' offer
The telecom regulatory authority of India (TRAI) has approved Mukesh Ambani-led Reliance Jio to proceed with its "Happy New Year" offer and give 1GB free data everyday.
04 Feb 2017Supreme Court Of India
IDFC chief Vikram Lamaye to head NSE
After the sudden exit of former chief Chitra Ramkrishna from the National Stock Exchange (NSE) two months ago, the largest bourse in the country today selected IDFC MD and CEO Vikram Lamaye to fill in the position.
04 Feb 2017India
SC threatens to auction Aircel if Krishnan continues to abscond
A livid SC bench threatened to end the proposed merger of Aircel with Reliance Communications and to sell the spectrum allocated to Aircel.
04 Feb 2017Pune
Tata launch TAMO, first product in March
Tata Motors has launched a sub-brand named TAMO, focusing on passenger vehicles segment.
ED moves SC against Maran brothers in Aircel-Maxis case
The Enforcement Directorate (ED) today moved the Supreme Court against a trial court's decision to acquit the Maran brothers in the Aircel-Maxis case.
Ola's valuation marked down by 40%
Vanguard Group, an investment firm based in the United States, slashed the valuation of its stake in Ola.
BSE makes debut listing on NSE
The Bombay Stock Exchange (BSE) was listed on its rival National Stock Exchange (NSE) today; BSE recently concluded its Rs. 1,234 crore initial public offering.
03 Feb 2017Paytm
Alibaba leading investments in Paytm
Paytm is in the process of raising $180-200 million in funding rounds led by Chinese e-commerce giant Alibaba. The funding will raise Paytm's valuation to $1 billion.
03 Feb 2017Central Board of Direct Taxes (CBDT)
Retrospective tax relief on FPI indirect tranfers
With retrospective effect from financial year 2011-12, two categories of foreign portfolio investors (FPIs) are exempted from tax on indirect transfers.
03 Feb 2017Arun Jaitley
Oil PSUs to merge into a giant company
Major oil PSUs will be combined to form a behemoth oil company, FM Arun Jaitley announced in the Budget 2017-18.
02 Feb 2017Business
Cyrus Mistry's close aide Madhu Kannan joins Uber
An ex-GEC of the Tata Group and Cyrus Mistry's close aide, Madhu Kannan has now joined Uber as its Chief Business Officer, India and Emerging Markets.
Budget 2017: Tax sops to boost MSME ecosystem
Finance Minister Arun Jaitley announced a variety of tax sops directed at the micro, small and medium enterprises (MSME) sector in the budget yesterday.
All accused in Aircel-Maxis case acquitted
A special court on Thursday acquitted all those who were accused in the Aircel-Maxis case, including former Telecom Minister Dayanidhi Maran and his brother Kalanithi Maran.
Vijay Shekhar: Budget 2017 will boost digital services
According to mobile e-wallet Paytm's founder Vijay Shekhar, budget measures will build a more inclusive economy and increase access to digital services.
02 Feb 2017West Bengal
ED officer suspended for alleged involvement in Rose Valley
Assistant director of the Enforcement Directorate (ED) in Kolkata, Manoj Kumar, was suspended on Wednesday after photos and videos of him with Gautum Kundu's wife went viral.
02 Feb 2017Jeff Bezos
Amazon to build freight hub for its Prime Air fleet
E-commerce giant Amazon has plans of strengthening distribution muscle and creating more jobs in the US by building its first ever air freight hub.
02 Feb 2017US Senate
Exxon Mobil profits dive by 51%
Profits of the world's largest publicly traded integrated oil company Exxon Mobil dived sharply to USD 7.8 billion.
01 Feb 2017India
Bank stocks soar, Sensex over 485 cheering Jaitley's Budget
Public Sector Undertaking (PSU) bank stocks shot up as Finance Minister Arun Jaitley announced allocation of Rs. 10,000 crore towards recapitalization of public sector banks in Budget 2017-18.