Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
21 Oct 2017
IndiaGST: Traders exploit loopholes to evade taxes, earn profits illegally
Traders have found loopholes to evade taxes under GST. Officials believe high levy on daily use items is contributing to the problem.
21 Oct 2017
IndiaGoogle, Microsoft, Amazon are considered most authentic brands in India
Google is considered the most authentic brand in India, claims a recent report by New York-based global communications firm Cohn & Wolfe.
20 Oct 2017
LyftLyft raises an impressive $1bn from Google's CapitalG
Ride-hailing app Lyft has raised funding of $1bn led by Google's venture arm CapitalG, taking its valuation to $11bn.
20 Oct 2017
Bharti AirtelJio effect: Airtel launches 100% cashback offer
To counter Jio's new cashback offer, Airtel has come up with its own scheme: 100% cashback when you recharge with a Rs. 348/349 unlimited pack.
19 Oct 2017
Reliance JioJio raises prices: The end of the telecom wars?
Jio has raised the price of its popular 399 plan. Whereas earlier, customers got unlimited calling, 1GB/day and bundled SMS for 84 days, now you will get the same for Rs. 459.
19 Oct 2017
IndiaTrade outlook for muhurat: How Nifty50 will move on Diwali
Minor cracks appeared in trade on Wednesday, practically the last trading day of the week; there's just a one-hour muhurat session on Thursday (Diwali) and Friday is a trading holiday.
19 Oct 2017
IndiaXiaomi set to overtake Samsung as India's largest smartphone seller
Chinese device maker Xiaomi, which entered India's smartphone market in 2014, is giving a really tough competition to Samsung.
19 Oct 2017
LondonMeet Paresh Davdra, who built "billion-pound business" with only £34,000
Today Paresh Davdra is the Co-founder/CEO of London-based RationalFX, which generated over £1bn ($1.3bn) revenue last year.
18 Oct 2017
Arun JaitleyNew online chat support for taxpayers on I-T website
In a significant help for taxpayers, the Income Tax department has launched an 'online chat' to help citizens resolve basic queries and doubts.
18 Oct 2017
IndiaEating out may get cheaper as panel discusses GST
The revision of tax rates under the GST could make eating out cheaper: effective tax rates in AC restaurants came down from 20.1% to 18%.
17 Oct 2017
AmazonKeep these things in mind before buying gold this festive-season!
Buying gold around Dhanteras and Diwali is auspicious as Indians share a special bond with it.
17 Oct 2017
Supreme Court Of IndiaSC ban on crackers adds to GST, demonetization woes
Traders were already suffering from the blows of demonetization and GST, both of which hit business severely.
17 Oct 2017
FacebookFacebook buys just 9-weeks old 'teen compliment app'
Social networking giant Facebook has acquired nine-week-old anonymous app - TBH (as in "to be honest") - teens in the US are currently obsessed with.
17 Oct 2017
IndiaHow Doordarshan's revolutionary Free Dish helped private companies instead
In 2002, Doordarshan launched DD Direct, a direct-to-home (DTH) service run by Prasar Bharati, to compete with emerging competitors.
16 Oct 2017
DiwaliSecond round of JioPhone bookings to start after Diwali: Reports
Reports have emerged that Reliance Jio will resume bookings for its JioPhone right after Diwali. "Likely from October end or November first week," a Reliance Retail channel partner has said.
16 Oct 2017
Elon MuskTesla lays off hundreds of employees after annual performance evaluation
Luxury electric-car maker Tesla Motors has fired an "undisclosed" number of employees while several others received promotions and bonuses following the company's annual performance reviews.
16 Oct 2017
Bharti AirteliPhone 7 at Rs. 7,777 on Airtel's new online store!
Days after launching a 4G smartphone at an effective price of Rs. 1,399, Airtel has now launched a dedicated online store which will offer premium smartphones on contracts.
16 Oct 2017
IndiaFlipkart in talks to pick up stake in BookMyShow
E-commerce giant Flipkart is reportedly in talks to pick up a significant stake in online ticketing platform BookMyShow to build out its services and transaction offering.
15 Oct 2017
IndiaIndia on solid growth-track, says IMF Chief backing GST, demonetization
Only days after the International Monetary Fund slashed India's growth forecast for 2017 and 2018, IMF Managing Director Christine Lagarde said the country's economy is on a "very solid track" in the medium term.
14 Oct 2017
IndiaCoca-Cola, PepsiCo to change recipes of best-selling drinks
Food and beverage behemoths Coca-Cola and PepsiCo are playing a big gamble in India by "changing" the recipes of their top-selling drinks.
13 Oct 2017
IndiaIndian Government saved $9bn through Aadhaar scheme: Nandan Nilekani
The Aadhaar scheme has helped India's government save $9bn by eliminating fraud in financial distribution system said Aadhaar's architect, Nandan Nilekani.
13 Oct 2017
Madhya PradeshMP cuts diesel VAT by 5%, petrol VAT by 3%
The MP government has cut the value added tax (VAT) on fuel products. It reduced VAT on diesel by 5% and VAT on petrol by 3%. CM Shivraj Chouhan said the new prices will be effective from midnight.
13 Oct 2017
South KoreaSamsung Electronics CEO Kwon Oh-hyun quits company
In the latest blow to Samsung, Electronics CEO Kwon Oh-hyun has resigned from the company citing "unprecedented crisis".
12 Oct 2017
PaytmSoon, transfer money from Paytm to MobiKwik and other wallets!
The Reserve Bank of India (RBI) has issued guidelines regarding interoperability of prepaid payment instruments (PPIs). Once the move is implemented, they will be able to conduct transactions with each other.
11 Oct 2017
IndiaDirect tax collections up 15.8% to Rs. 3.86L crore
India's direct tax collections for April-September quarter increased 15.8% to Rs. 3.86L crore.
11 Oct 2017
Bharti AirtelJio effect: Airtel offers 4G smartphone at Rs. 1,399
Airtel has finally announced a 4G smartphone in partnership with Karbonn mobiles.
11 Oct 2017
IndiaIMF cuts India's growth forecast, but expects a medium-term recovery
The International Monetary Fund (IMF) in its World Economic Outlook (WEO) report trimmed Indian economy's growth forecast to 6.7% from earlier 7.1% citing the disruptions caused by government's decisions of demonetization and introduction of good and services tax (GST).
10 Oct 2017
GujaratGujarat: Petrol-price cut by Rs. 2.93, diesel by Rs. 2.72
Petrol and diesel are set to get cheaper in Gujarat after a 4% cut in VAT. Till now, the state government had been levying a 24% VAT on both.
10 Oct 2017
Alibaba GroupAmazon gets beaten by malls and Alibaba in Singapore
US e-commerce giant Amazon's bid to expand into Southeast Asia has landed the firm in a bit of a pickle in Singapore.
09 Oct 2017
IndiaSaudi Aramco eyes Indian demand, plans JV by 2018
State-run oil giant Saudi Aramco has reportedly launched its unit in India. The world's largest oil exporter wants to cater to the rising energy demands of the world's third-biggest oil consumer.
09 Oct 2017
GSTNew threshold for gold transactions will be provided soon
In the last GST meeting, the Centre revoked the order that it had issued on August 23, where it had notified jewelry dealers that they were required to report on buyers, who make purchases beyond a certain limit.
09 Oct 2017
IndiaSuzuki Motorcycles plans to sell 1 million units by 2020
Suzuki Motorcycles is ready to do things right this time. The Japanese two-wheeler maker said, it was on "the wrong bus" but now it's aware of the Indian market's demand.
09 Oct 2017
WhatsAppWhatsApp Business app, all you need to know
WhatsApp Business is still in the making. Although the messaging platform has said that it'll be rolling it out to organizations soon, the service is still being worked upon.
08 Oct 2017
Bombay Stock Exchange (BSE)ZEE acquires 9X Media, INX Music for Rs. 160 crore
According to reports, 9X Media and INX Music have been acquired by Subhash Chandra-backed Zee Entertainment Enterprises (ZEE) for a cash consideration of Rs. 160 crore.
07 Oct 2017
IndiaEx-RBI Governor Raghuram Rajan among probable Nobel Prize winners: Clarivate
Former RBI Governor Raghuram Rajan is on the list of probable winners of the 2017 Nobel Prize in Economics compiled by research company, Clarivate Analytics.
07 Oct 2017
India54,000 petrol pumps to shut down on October 13
On October 13, about 54,000 petrol pumps across India will go on a 24-hour strike to push for various demands.
07 Oct 2017
SnapdealGoJavas sends Rs. 300cr legal notice to Snapdeal
Quickdel Logistics, the parent of GoJavas, has sent a Rs. 300cr legal notice to Snapdeal founders Kunal Bahl and Rohit Bansal and Jasper Infotech, the entity than runs Snapdeal.
07 Oct 2017
AustraliaThousands of Australians protest against Adani coal mine
Massive protests were held across Australia against Indian mining giant Adani Enterprises' proposed $16.5 billion Carmichael coal mine in Queensland state.
06 Oct 2017
IndiaSeveral companies owned hundreds of bank accounts during demonetization!
The government has said that 13 banks have furnished information regarding post-demonetization transactions by a whopping 5,800 suspicious companies.
06 Oct 2017
IndiaIndia's economic-slowdown an "aberration"; GST, a huge positive: World Bank
The World Bank said the recent Indian economic slowdown is an "aberration" due to temporary disruptions in the run-up to Goods and Services Tax, adding it will be rectified soon.
