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Indian GDP numbers announced, leave experts flummoxed
Official GDP numbers released yesterday show the Indian economy's annual gross domestic product growth for the October-December quarter clocked 7 per cent.
Prices of unsubsidized LPG cylinders hiked by Rs. 86
Wednesday onwards, the prices of unsubsidized LPG-cylinders have been increased by Rs. 86, aligning with the increase in LPG prices around the world.
All bank accounts to have net banking by March 31
The government has asked all the banks to activate net banking for every account by March 31 and mandatorily link them to Aaddhar numbers.
01 Mar 2017State Bank of India (SBI)
Bank strike paralyses operations across the country
Operations were severely hit as public sector banks remained shut and ATMs went dry during the one-day strike by United Forum of Bank Unions. Private banks functioned as usual.
01 Mar 2017Donald Trump
Goldman Sachs downgrades Tesla, shares fall further
Shares of Tesla fell by 5% after a downgrade by Goldman Sachs (GS) from "neutral" to "sell", triggering speculations that Tesla's Model 3 production might be delayed further. "Sell" refers to an analyst's recommendation to exit a stock.
28 Feb 2017LG
Free Wikipedia access to 11 million Asiacell subscribers in Iraq
Access to Wikipedia will not incur mobile data charges to subscribers of Asiacell, the largest telecom service provider in Iraq.
Majority stakes in AirIndia may be sold to investor
The government is planning to sell 51% stakes in national carrier Air India to a strategic partner to turn around the loss-making airline.
28 Feb 2017State Bank of India (SBI)
Government banks on strike today, wage hike among other demands
Nine bank unions today held a day-long protest over several demands, including wage revision and accountability of top executives, in view of mounting bad loans in the banking sector.
28 Feb 2017South Korea
Samsung's de-facto chief to be indicted in South Korea
Samsung's chief Lee Jae-yong will be indicted by South Korean prosecutors on charges of bribery, embezzlement and other charges.
28 Feb 2017Business
Jabong aiming 40% sales growth, new customers in FY18
Jabong CEO Ananth Narayanan has listed three targets for December: 40% growth year-on-year, profitability of EBITDA-zero, and growth in terms of new customers.
28 Feb 2017Business
Uber's Amit Singhal quits after sexual harassment charges at Google
Uber Technologies' senior vice president of engineering Amit Singhal was reportedly asked to resign after the company found he had left his previous job at Google due to sexual harassment charges against him.
Govt's healthcare benefit for retired workers from April 1
Starting April 1, all retired industrial workers will be covered by a super-speciality health insurance package worth Rs. 15 lakh as part of a proposal by the Centre.
Oil companies agree to bear MDR charges
Fuel retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum will pay merchant discount rate, a fee on card usage at swipe machines, for fuel purchased using debit cards.
28 Feb 2017Ratan Tata
Tatas can force Mistry family to sell stake
By passing a special resolution, Tata Sons Ltd may ask the Mistry family firms to exit the shareholders' group after 50 years of association.
Rosneft deal: Essar and IDFC Alternatives reach an agreement
Essar Group and private equity fund IDFC Alternatives have agreed to end a proceeding that threatened to delay the $12.9 billion Essar-Rosneft deal.
HSBC accused of aiding tax evasion
Global banking giant HSBC is being probed by tax authorities in India, among other countries, for allegedly abetting tax evasion of four Indians and their families.
27 Feb 2017Amul
Icecreams, groceries pricier this summer, companies blame input costs
Get ready to spend more as FMCG companies are soon going to hike prices of groceries and other everyday consumption products, citing an increase in input costs.
27 Feb 2017Elon Musk
Elon Musk's investigation into Tesla factory working conditions
Following an accusatory post made on Medium by Tesla employee and union advocate Jose Moran earlier this month, Elon Musk shared the results of his investigation into working conditions at Tesla Motors.
27 Feb 2017India
End of the road for Ritz?
Maruti Suzuki has halted domestic and international sales of the Ritz. Since being launched in 2009, it has sold over 400,000 units worldwide.
27 Feb 2017India
SEBI seeks to overhaul board room governance
The Securities and Exchange Board of India (SEBI) said that there needs to be an overhaul of the governance structure of boardrooms of listed companies in India.
New CFO-backed Flipkart returns to the game
India's largest online retailer Flipkart is looking at a fundraising of as much as $1.5 billion from investors including Microsoft, eBay, PayPal among others at a valuation of $10-12 billion.
26 Feb 2017Japan
Taiwan's Foxconn and Japan's SoftBank tie-up for US expansion
Japan's SoftBank Group and Taiwan's Foxconn would start operating a joint venture together, deepening ties between two of Asia's biggest technology firms for expansion into the United States.
Maruti Ignis riding high on retro looks and smart features
Maruti's retro-chic hatchback Ignis is garnering attention for bringing together high utility and good looks. Launched last month, the car is priced between Rs. 4.59 and 7.80 lakh.
After solar, wind power tariffs fall to record low
Wind power tariffs in India fell to a record low in a government auction for 1 gigawatt projects, weeks after solar power tariffs had also marked similar lows at an auction.
25 Feb 2017Mukesh Ambani
Ambani denies speculations of Reliance launching Jio cabs
Refuting widespread speculations, Mukesh Ambani announced Reliance Industries has no plans to launch an app-based taxi service.
25 Feb 2017Facebook
WhatsApp may soon enter digital payments- CoFounder
WhatsApp co-founder Brian Acton has indicated that the popular messaging app may soon venture into digital payments space.
25 Feb 2017Evan Spiegel
NYSE to trial run Snap IPO
In an exception reserved strictly for high-profile members, the New York Stock Exchange (NYSE) will conduct a trial run of Snap's IPO on Saturday to ensure that there are no glitches during the actual unveiling.
25 Feb 2017India
Varun Beverages own 90% of Zambian subsidiary
Varun Beverages Ltd, the largest bottler for PepsiCo in India, has increased its stake in its Zambia subsidiary to 90% to benefit from fast-paced growth in the African nation.
SBI to merge with 5 associate banks on April 1
On April 1, 2017, the State Bank of India (SBI) will officially merge with five associate banks - State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Hyderabad (SBH) and State Bank of Patiala (SBP).
Stayzilla shuts down, may reboot with different model
Chennai-based online homestay and alternative stay aggregator Stayzilla has announced the suspension of operations, even as India's e-commerce sector is fighting to survive.
24 Feb 2017Mukesh Ambani
Reliance planning Jio cabs to disrupt app-based taxi services
Upping the ante among cab aggregators Uber and Ola, Mukesh Ambani-led Reliance has acquired as many as 600 cars to kickstart their app-based cab service called 'Reliance Jio Cabs'.
24 Feb 2017Technology
Apple investigating video of burning iPhone 7 Plus
A video and several photos of the iPhone 7 Plus were shared on Twitter by a user. They show the phone's back panel deranged by a swollen battery, smoke coming out of a crack in the side where the screen has come away from the casing.
24 Feb 2017Bharti Airtel
Airtel acquires India operations of Telenor, shares soar
Bharti Airtel shares rose 11% after it confirmed taking over the India operations of Norwegian Telenor.
24 Feb 2017Delhi
Ola, Uber strike in Delhi called off
Ola and Uber drivers in Delhi called off their 13-day strike after talks with Transport Minister Satyendar Jain and an "amicable settlement" with the two companies.
24 Feb 2017Kolkata Knight Riders (KKR)
Reliance AIF to raise Rs. 1,000 crore debut fund
Reliance AIF, a unit of Reliance Nippon Life Asset Management, is raising its first credit fund of Rs. 1,000 crore called Reliance Yield Opportunity AIF Scheme 1, starting this March.
RBI's decision on MDR is a coin with flip side
If RBI makes banks receive lesser charges from merchants for cashless payments, then banks may be forced to recoup the money as transaction costs from other services.
23 Feb 2017San Francisco
Google's Waze eyes expansion
Waze, the Google-owned, crowdsourced navigation app is looking to expand its carpooling features in cities beyond the Bay Area of San Francisco, which first featured its ridesharing features.
23 Feb 2017Donald Trump
Tesla reports loss of $121.3 million in Q4
Even with a highly-anticipated Model 3 launch set for 2017 end, Tesla lost $121.3 million in the quarter ended December 31.
23 Feb 2017India
IDBI to manage losses by selling non-core assets
State-owned lender, IDBI Bank Ltd's board will sell some of its non-core assets to manage a gross bad loan ratio of 15.16% in December-end.
22 Feb 2017iPhone
iPhone 8 camera may support augmented reality
Noted analyst Ming-Chi Kuo has claimed that the iPhone 8 will come with a revolutionary 3D front camera that will support augmented reality. The camera will have an infrared module that will enable it to sense 3D objects through the lens.