Business News
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08 Sep 2017
General MotorsBiggest issue of self-driving taxis: How to clean riders' puke?
Not very far in the future, fully-autonomous taxis will become a reality, offering faster and cheaper services.
08 Sep 2017
TechCrunchAmazon files for arbitration against fraudulent Kindle Direct authors
Amazon has filed for arbitration against book publishers, authors etc. who allegedly made use of the Kindle Direct Publishing system to inflate sales numbers by unscrupulous means.
08 Sep 2017
Michelle Obama143mn Equifax users' data stolen. Have you been affected?
About 143mn American users of credit firm Equifax have been affected in a major breach. Social security numbers and addresses were also accessed.
08 Sep 2017
Electric VehiclesBMW and Jaguar announce their electric car plans for 2020
For automakers going electric is now a necessity, as diesel cars will soon get completely banned.
08 Sep 2017
Delhi High CourtPatanjali restrained from airing ads to promote Chyawanprash
Baba Ramdev's Patanjali has been asked by the Delhi High Court to stop its Chyawanprash brand's advertisements.
08 Sep 2017
HuaweiHuawei trumps Apple to become world's second largest smartphone brand
Chinese smartphone maker, Huawei, has surpassed Apple's smartphone sales worldwide, reports said.
07 Sep 2017
StartupsSEBI asks crowdfunding platforms to issue disclaimer
According to reports, angel investor networks and start-up funding platforms are now required to notify every firm and investor via disclaimer that their platforms are not stock exchanges and they don't have SEBI's authorization to solicit investments.
07 Sep 2017
IndiaIbibo founder and MakeMyTrip MD Ashish Kashyap resigns
Ashish Kashyap, the founder of the Ibibo Group and the president of India's largest online travel operator MakeMyTrip, announced his resignation yesterday.
07 Sep 2017
IndiaBitcoin wallet provider Blockchain enters India via Unocoin tie-up
New York-based Bitcoin wallet provider and software developer Blockchain will now enter the Indian market via a strategic partnership with Bengaluru-based crypto-currency exchange Unocoin.
07 Sep 2017
AudiFord, Audi and 4 others will skip Auto Expo 2018
Till now, it's been known that six automobile firms are not going to attend the Delhi Auto Expo 2018, South Asia's largest show.
07 Sep 2017
Jet AirwaysIndiGo will pursue Jet Airways if Air India bid fails
IndiGo, run by billionaire aviation entrepreneurs Rahul Bhatia and Rakesh Gangwal, was the first to show its interest in buying Air India, when the government decided to sell stakes of the state-run airline.
07 Sep 2017
IndiaMaruti Suzuki plans on creating an electric car for India
India's largest car manufacturer Maruti Suzuki has revealed its plan of entering Indian electric car market.
07 Sep 2017
IndiaITC files Rs. 1,000 cr defamation suit against IiAS
A Rs. 1,000-crore defamation suit has been filed by ITC against proxy advisory firm IiAS at the Calcutta High Court.
06 Sep 2017
IndiaNifty 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.
06 Sep 2017
IndiaAre we seeing signs of a bitcoin-friendly India?
Despite seeing a valuation spike after the demonetization, bitcoins never really took off in India.
06 Sep 2017
StartupsZappfresh plans on raising $5 million
According to reports, Gurugram-based DSM Fresh Foods Pvt. Ltd run online meat store, Zappfresh is looking to raise $5 million.
06 Sep 2017
IndiaDemonetization: Printing presses add bill worth crores to RBI's losses
RBI has suffered severe losses due to demonetization. Earlier, it said 99% of demonetized Rs. 1,000 notes had returned, thus defeating the whole purpose of the move which was to eradicate black money.
06 Sep 2017
Initial Public Offering (IPO)'Angry Birds' maker Rovio plans IPO with $2 billion valuation
What is the worth of a Finnish company, which is known for making adorable yet disgruntled birds throwing themselves at pigs? Apparently, it's as high as $2 billion.
05 Sep 2017
IndiaOver 2 lakh companies' bank accounts frozen
The Finance Ministry has imposed restrictions on the operation of bank accounts of more than 2 lakh companies which have been "struck off" from the Register of Companies.
05 Sep 2017
IndiaHDFC gets 'too big to fail' status from RBI
In 2015, the Reserve Bank of India had classified the country's largest lender SBI and private sector major ICICI bank as D-SIB or domestic systemically important bank.
05 Sep 2017
IndiaCentre and PwC partner up to promote digital payments
According to reports, consulting agency Pricewaterhouse Coopers (PwC) is now assisting the Central government to devise methods and ways by which it will be able to increase the frequency of digital payments in India.
05 Sep 2017
UnicornZomato eyes $200m from Alibaba, may get the unicorn-tag back
According to reports, Zomato is currently engaged in negotiation with Alibaba and its payments affiliate Ant Financial to raise up to $200 million from them.
05 Sep 2017
USAChina bans ICOs, USA issues warnings on them
ICOs might be an excellent fundraising option but it's facing intense heat from various governments.
04 Sep 2017
IndiaPaytm Mall's festival marketing budget is a whopping Rs. 1000cr
This festival season, India will witness one of the biggest e-commerce wars. Reports show that Paytm Mall's budget, for cash back, marketing, and promotions for September-October, is a whopping amount of Rs. 1,000 crore.
04 Sep 2017
iPhoneApple might lease iconic studio for Hollywood production push
As the content game intensifies among the Silicon Valley giants, Apple too is gearing up for war. Reportedly, it might lease the Culver Studios in California and shell out $1 billion into its TV and movie productions.
04 Sep 2017
IndiaBertelsmann wants to invest $200-250m in Indian start-ups
German media group Bertelsmann plans to deploy $200-250 million in India's start-up ecosystem over the next four years.
04 Sep 2017
IndiaIndia Inc praises latest cabinet reshuffle
The Indian industry praised Modi for the latest cabinet reshuffle and said that it was "carefully strategized" to give a fresh boost to the process of India's development.
04 Sep 2017
InfosysInfosys promoters offer shares worth Rs. 2,038 crore for buyback
Infosys promoters, including the co-founder duo N.R. Narayana Murthy and Nandan Nilekani, have offered to put up as many as 1.77 crore shares for sale in the proposed Rs. 13,000 crore buyback offer of the firm.
03 Sep 2017
LondonDigital mortgage app Habito raises £18.5 million
London-based start-up Habito, which is attempting to digitize the entire mortgage process, has recently raised £18.5 million in its Series B funding round.
03 Sep 2017
IndiaMaruti Suzuki will rebrand itself to enrich customer experience
In order to keep up with the changing taste of the modern customers, country's largest car maker Maruti Suzuki has announced that it'll rebrand its retail network across India entirely.
03 Sep 2017
Reserve Bank Of India (RBI)When will the new Rs. 200 note be available?
Reportedly, it's going to take as long as three months for the ATMs to start dispensing 200-rupee notes, which the RBI has launched a week ago.
03 Sep 2017
IndiaSEBI sees 18% fall in pending investor complaints
According to the data published in the 2016-17 Annual Report of the Securities and Exchange Board of India (SEBI), the number of investor grievances, pending with the market regulator, has declined almost 18% till March-end.
03 Sep 2017
IndiaNike India slashes 20% staff, downsizes operations
Nike has fired nearly 20% staff from its operations in India, and has asked many other employees to shift to its operations in Southeast Asia.
03 Sep 2017
IndiaRaghuram Rajan breaks silence on demonetization: 'Warned govt against it'
When former RBI governor Raghuram Rajan was in charge, speculations were rife about his rift with the Narendra Modi government.
03 Sep 2017
IndiaSamsung Galaxy Note 8: Pre-registration begins in India
Those who want their next phone to be a Samsung Galaxy Note 8 can now go to the Samsung India website and pre-register. Once it's done, you will start getting the latest updates.
03 Sep 2017
IndiaGST Update: Government waives penalty on late returns for July
Bringing much-needed relief, the Center, on the recommendations of the GST Council, has decided to not impose the fine of Rs. 200 per day on those who haven't been able to file their GST returns within the deadline. Note: This relaxation is only in place for July.
03 Sep 2017
FlipkartBad news for shoppers, hefty online discounts might just stop
With the festive season approaching, most of us are looking forward to buying things at heavily discounted rates on e-commerce sites. It has been the trend for the past few years, as this is the time when online retailers fight for the market share.
02 Sep 2017
IndiaNandan Nilekani to work without salary as Infosys Chairman
According to the BSE filing by India's second largest IT firm Infosys, it will not be paying a single dime to its newly instated non-executive and non-independent chairman, Nandan Nilekani.
02 Sep 2017
AmazonUS: Amazon faces lawsuit over 'faulty' eclipse glasses
US-based Corey Payne and Kayla Harris are going after Amazon because they believe, the solar eclipse glasses, purchased on the site, were faulty.
02 Sep 2017
InfosysInfosys engaging with investors to maintain high governance norms
According to its BSE filing, Infosys is currently engaging with its shareholders to discuss what its future course of action should be so that, the "high governance standards" of the firm are maintained.
