Business News | Page 156
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
15 Mar 2017Business
AirAsia announces discounted travel
AirAsia has announced discounted travel schemes starting at Rs. 899 for domestic flights and Rs. 4999 for international ones.
15 Mar 2017India
Bank Bad loans to rise to Rs. 9 lakh crore
Sources stated that the bad bank loans in the country are set to increase by 50% to over Rs. 9 lakh crore by March 2017.
14 Mar 2017Delhi
Mumbai: Commuters face brunt of Ola, Uber strike
Commuters faced severe hardships after several Ola and Uber taxis went on strike, leading to longer booking times and surge pricing during office hours.
14 Mar 2017Business
Digital wallet services to be inter-operable
The RBI is set to issue guideline on inter-operability of mobile wallet services such as Paytm, MobiKwik etc, by enabling the Unified Payment Interface platform for them.
13 Mar 2017United States of America
SEC rejects Bitcoin trade fund proposal
The US SEC has rejected a proposal by Tyler and Cameron Winklevoss, who sought to create an exchange traded fund based on prices of the Bitcoin.
ShopClues co-founder publicly accuses wife
ShopClues, one of the nine Indian unicorns, was co-founded in 2011 by Sandeep Aggarwal, Radhika Aggarwal, and Sanjay Sethi.
Facebook and Flipkart to work together
Flipkart and Facebook are teaming up in an effort to improve connectivity for their apps and websites for users on slower networks and older handsets.
13 Mar 2017Bharti Airtel
Airtel offers 30GB 4G data for postpaid connections
Bharti Airtel said it would begin offering free 4G data to post-paid customers. The free data is being offered through the MyAirtel application.
13 Mar 2017Google
Google in talks to re-enter China
Officials said Google has been in talks to begin services in the country once again.
Come 2020, Suzuki sees India as third biggest car market
Japanese automaker Suzuki Motor Corp. pitched India as the third biggest car market in the world, a feat that the country will achieve by 2020, reports said.
13 Mar 2017Business
FM, RBI Governor concerned over NPAs
Finance Minister Arun Jaitley called a meeting with RBI Governor Urjit Patel and top Finance Ministry officials to find a resolution to the problem of non-performing assets.
12 Mar 2017India
Govt releases rules for m-wallets
The Ministry of Electronics and Information Technology has formulated the draft IT (Security of Prepaid Payment Instruments) Rules 2017 to ensure safety and security of transactions made through mobile wallets, smart cards etc.
11 Mar 2017India
Come IPL 10, Hotstar eyes revenues of Rs. 200 crore
With India's infatuation for cricket, the upcoming IPL edition of the IPL T20 tournament looks promising for Star India's Hotstar as it aims to earn over Rs. 200crore in revenues.
10 Mar 2017Business
31 convicted, 117 acquitted in Maruti violence case
The Gurugram District court convicted 31 workers and acquitted 117 others over the murder of General Manager Awanish Kumar Dev at the Maruti Suzuki plant in Haryana.
09 Mar 2017Mumbai
Tata Motors, Volkswagen sign deal to jointly develop vehicles
Indian auto company Tata Motors signed a memorandum of understanding (MoU) with German automaker Volkswagen today to develop vehicles for India's domestic market.
Qatar Airways to launch India's first fully foreign-owned airline
Sources have confirmed that Qatar Airways seeks to launch India's first fully foreign-owned domestic airline.
09 Mar 2017State Bank of India (SBI)
Going cashless costs money, debit card charges explained
There's been an increase in the digital transactions since Prime Minister Narendra Modi announced the demonetization of Rs. 500 and Rs. 1,000 notes last November.
India loses 11 billionaires to demonetization, Ambani still the richest
According to the Hurun Global Rich List India, India's club of the richest has shrunk by 11 people since the demonetization was unleashed in November.
Need money to bear Jan Dhan costs: SBI
Facing criticism for newly levying penalty charges on the non-maintenance of minimum balance, SBI, justifying its decision, said the bank needs money to bear the burden of managing its 11 crore Jan Dhan accounts.
Kachcha Aam candy Pulse clocks Rs. 300 crore sales
Amidst stiff competition from MNC rivals, India's popular home-grown candy Pulse crossed sales of over Rs. 300 crore last month, in just two years after its launch.
08 Mar 2017LinkedIn
Middle-aged employees in IT could soon be left jobless
Capgemini India recently said most employees in middle and senior levels in the Information Technology sector don't have the required skill-set that this constantly-changing industry demands, which could eventually lead to massive job losses for the middle-aged.
08 Mar 2017India
Fight between DoT and TRAI over Jio offers
TRAI has stated that a lack of reforms was responsible for the poor performance of the Indian telecom industry.
07 Mar 2017Kolkata
TalkTalk - A victim of Indian scam call center
Customers of British telecom giant TalkTalk are being targeted by an India-based industrial-scale fraud network, three whistleblowers have revealed to the BBC.
07 Mar 2017India
SBI hiking minimum balance for savings account from April 1
The State Bank of India (SBI) has increased the minimum balance required to maintain a savings account.
07 Mar 2017New Jersey
Oscars Blunder: PwC to pay a heavier price
Global accounting firm PricewaterhouseCoopers (PwC) could pay a heavier price for faux-pas at the Oscars if a court decides at a malpractice trial next week that the firm has a history of making blunders.
05 Mar 2017Central Bureau Of Investigation (CBI)
Moin Qureshi-Saga: Former CBI director may be booked under PMLA
Former CBI director AP Singh may be booked under the Prevention of Money Laundering Act for his involvement with controversial meat exporter Moin Qureshi.
05 Mar 2017Reserve Bank Of India (RBI)
Jio Payments Bank receives RBI nod
Jio Payments Bank (JPB), a joint venture between State Bank of India and Reliance Industries Limited, has received the crucial go-ahead from the RBI.
04 Mar 2017India
GST Council approves the laws; July deadline seems realistic
The GST Council has cleared the Central GST and Integrated GST law. However the legal framework for the State GST and Union Territory GST have yet to be cleared by the Law Commission.
04 Mar 2017Business
Snapdeal discusses FreeCharge sale with PayPal
Sources stated that Snapdeal is in talks with online payment system PayPal to sell FreeCharge. Snapdeal paid $400 million for it in 2015 and the current deal is said to be about $500 million.
04 Mar 2017New Zealand
Fox seeks EU approval for $14.4bn Sky takeover
Rupert Murdoch's Twenty-First Century Fox have asked the European Union's antitrust regulators to approve its $14.4 billion acquisition bid for European TV company Sky.
03 Mar 2017Snapchat
California school makes millions off Snap IPO
The Saint Francis High school in Mountain View, California made $24 million from the initial public offering of Snap Inc.
03 Mar 2017Bloomberg
Bitcoin value exceeds gold for the first time
The value of a unit of Bitcoin has for the first time exceeded the value of a troy ounce (31.1 gm) of gold.
03 Mar 2017Paytm
Paytm raises $200 million from Alibaba
Paytm has raised $200 million in a round of funding led by Alibaba Singapore E-Commerce Pvt. Ltd and SAIF Partners. Alibaba is reportedly investing $177 million while SAIF partners has agreed to invest $23 million.
03 Mar 2017Ratan Tata
Tata Motors-owned JLR unveils the 'Velar'
Ratan Tata's passion project, the 'Range Rover Velar' was unveiled by Tata Motors' subsidiary 'Jaguar Land Rover'.
02 Mar 2017Mauritius
FDI policy to be relaxed in select sectors
Sources said the government is considering relaxing the FDI policy in certain sectors including in single brand retail. Other sectors that may be included are defence, civil aviation, construction and development, private security agencies, real estate and news broadcasting.
02 Mar 2017Business
DLF to sell Cyber City stake
Sources have stated that the promoters of DLF are to sell 40% of their stake in commercial space DLF Cyber City Developers (DCCDL) to a Singapore-based firm GIC, for $2 billion.
02 Mar 2017India
Reliance Jio to offer fixed line digital service
Reliance Jio has partnered with Team F1 to roll out a fixed line digital service via an advanced home gateway solution.
02 Mar 2017Tamil Nadu
Madras HC permits Pepsi, Coke to use river water
Madras HC has lifted a ban which barred Pepsi and Coca Cola from using river water to manufacture beverages.
02 Mar 2017Snapchat
Snap outshines IPO expectations, reaches $24 billion valuation
In its IPO, Snap Inc was valued more than expected, raising $3.4 billion.
02 Mar 2017Sunil Mittal
Telecom spectrum auction proposed in July-December
The government is contemplating a fresh round of spectrum auction between July - December 2017.