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01 Mar 2017

India

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.

01 Mar 2017

India

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.

01 Mar 2017

India

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.

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 2017

Donald 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 2017

LG

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.

28 Feb 2017

India

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.

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 2017

South 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 2017

Business

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 2017

Business

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.

28 Feb 2017

India

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.

28 Feb 2017

India

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 2017

Ratan 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.

28 Feb 2017

India

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.

28 Feb 2017

India

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 2017

Amul

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 2017

Elon 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 2017

India

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 2017

India

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.

26 Feb 2017

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 2017

Japan

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.

26 Feb 2017

India

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.

26 Feb 2017

India

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 2017

Mukesh 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 2017

Facebook

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 2017

Evan 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 2017

India

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.

24 Feb 2017

India

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).

24 Feb 2017

India

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 2017

Mukesh 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 2017

Technology

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 2017

Bharti 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 2017

Delhi

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.

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.

24 Feb 2017

India

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 2017

San 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 2017

Donald 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 2017

India

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 2017

iPhone

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.