Business News

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23 Jan 2018

India

WhatsApp Business launched in India: Scope and risks

WhatsApp Business has started rolling out in India for Android users, four days after its launch. The iOS version is expected to arrive soon.

23 Jan 2018

Netflix

Netflix valuation touches $100 billion for the first time

Video streaming pioneer Netflix's market capitalization has crossed over $100bn, thanks to its spectacular quarterly results for Q4 2017 that helped push the company's valuation up.

23 Jan 2018

India

Fuel prices continue moving higher, govt mulls GST option

Petrol prices in Mumbai crossed the Rs. 80 mark yesterday for the first time since August'14.

23 Jan 2018

Flipkart

Here's your chance to get Redmi Note4 for Rs. 999!

Homegrown e-commerce giant Flipkart is offering some exciting deals on smartphones under its ongoing "Republic Day Sale" that ends today.

22 Jan 2018

Paytm

After WhatsApp Business, "Paytm for Business" app launched on Android

Only days after Facebook-owned global messaging platform WhatsApp launched its "WhatsApp Business" app, Indian digital payments giant Paytm has rolled out the "Paytm for Business" app.

22 Jan 2018

EPFO

Govt planning to keep PF rate unchanged at 8.65%: Reports

According to reports, the NDA government is planning to keep the interest rates unchanged on PF deposits at last year's 8.65%.

21 Jan 2018

Tencent

Google and Tencent sign patent cross-licensing agreement

Tech giant Google has entered a patent cross-licensing agreement with China's Tencent.

20 Jan 2018

Wipro

Wipro struggles to keep employee strength

Wipro lost 1,206 employees in the last quarter of 2017.

19 Jan 2018

India

RIL posts record Q3 profits: Jio turns profitable first-time ever

Reliance Industries Limited's (RIL) released its Q3 report today which saw the company register a record high quarterly net profit of Rs. 9,423 crore.

19 Jan 2018

Paytm

Paytm now offering ATM-cum-Debit card: Here's how to get one

Homegrown digital payments giant Paytm has now launched a physical ATM and debit card for its Paytm Payments Bank account holders.

19 Jan 2018

Uber

Uber co-founder Travis Kalanick officially becomes a billionaire

Uber co-founder and former CEO Travis Kalanick has acquired $1.4 billion in cash, increasing his total estimated net worth to about $4.24 billion.

19 Jan 2018

Netflix

Start-up opens first theater for Netflix, Amazon Prime Video

Bengaluru-based start-up TERIFLIX has opened the first mini-theatre for screening content from video streaming services like Netflix and Amazon Prime Video.

18 Jan 2018

Arun Jaitley

GST Council Meet: Rates on 29 goods, 53 services revised

At the 25th GST Council Meeting, convened in New Delhi, the highest decision-making authority on Goods and Services Tax (GST) has revised the tax rates on as many as 29 items and 53 services.

18 Jan 2018

India

All about the new third-generation Maruti Suzuki Swift

Maruti Suzuki India's latest offering, the third-generation Swift, is up for grabs.

18 Jan 2018

Delhi

Patanjali Ayurved's exclusive store inaugurated at Delhi IGI Airport

Only a day after partnering with eight e-commerce platforms, Baba Ramdev's Patanjali Ayurved has opened an "exclusive store" at Delhi's Indira Gandhi International Airport Terminal-2.

18 Jan 2018

Mukesh Ambani

Bengal Summit fetched Rs. 2.2-trillion-worth investment proposals: Mamata Banerjee

The fourth edition of Bengal Global Business Summit has been concluded, and WB CM Mamata Banerjee said it has been "highly successful" as the state bagged a whopping Rs. 2.19-trillion-worth business proposals.

17 Jan 2018

India

Government may allow 100% FDI in banking: Report

After allowing 100% FDI (Foreign Direct Investment) in aviation, single-brand retail, and construction, the Centre is now considering to hike the FDI limit in the banking sector to 100%.

17 Jan 2018

Reliance Industries

Jio's "affordable" Rs. 153 plan now offers 1GB/day 4G data

Reliance Jio has upgraded its "most affordable" Rs. 153 prepaid plan by increasing the amount of high-speed 4G data offered to customers.

17 Jan 2018

India

BSNL users can no longer make free calls on Sundays

State-run telecom company BSNL (Bharat Sanchar Nigam Limited) has announced that it is withdrawing its unlimited Sunday free voice calling offer from all circles across India.

17 Jan 2018

Xiaomi

Flipkart Republic Day Sale: Here are the best smartphone deals!

Flipkart is hosting a three-day Republic Day sale from 21-23 January. It has some attractive deals on best smartphones as part of the sale that would clash with rival Amazon's Great Indian Sale from 21-24 January.

16 Jan 2018

Paytm

Patanjali's massive online push; partners with Amazon, Flipkart, Paytm

Giving a big push to the online sales of "swadeshi" FMCG products, Baba Ramdev's Patanjali Ayurved has partnered with eight leading e-commerce platforms, including Amazon, Flipkart, Paytm Mall, ShopClues, Big Basket, Grofers, NetMeds, and 1mg.

16 Jan 2018

India

Centre to divide Air India into 4 firms before sale

Centre will split the debt-laden Air India (AI) into four separate entities by 2018-end under a divestment plan proposed by PM Narendra Modi. 51% stake in each entity would be sold.

15 Jan 2018

Bharti Airtel

Vodafone begins its 4G VoLTE roll-out in India

Following an announcement last month, Vodafone has started rolling out its 4G VoLTE service in the country as promised.

15 Jan 2018

X

Facebook's Sheryl Sandberg, Twitter's Jack Dorsey to leave Disney

Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey will no longer serve as Disney's board members.

14 Jan 2018

South Korea

India ranked 30th on WEF global manufacturing index; Japan tops

The World Economic Forum (WEF) ranked India 30th in its global manufacturing index, 25 places behind China, but ahead of BRICS nations Brazil, Russia, and South Africa.

13 Jan 2018

LG

Suffering losses, LG decides not to release smartphones every year

LG Electronics has been struggling with its smartphone business for quite some time now. It now looks like LG isn't going to release smartphones every year anymore.

13 Jan 2018

India

India to have no 2G internet subscribers by 2019: Report

According to a report by market research firm CyberMedia Research (CMR), India will have no 2G internet subscribers left by June 2019.

12 Jan 2018

X

IKEA wants women to pee on its ad. Here's why

Known for quirky ads, IKEA has come up with arguably its most controversial yet.

12 Jan 2018

Chennai

Royal Enfield launches adventure motorcycle "Himalayan Sleet" at Rs. 2.12L

Chennai-based motorcycle maker Royal Enfield has unveiled the Himalayan Sleet Edition, adding a new model to its adventure-touring motorcycle range.

12 Jan 2018

India

Before budget, inflation at 5.2% and Industrial growth at 8.4%

Before FM Arun Jaitley presents his government's last full-fledged budget, two macroeconomic data indicators gave mixed signals for the economy.

12 Jan 2018

India

French giant Danone shutting down dairy business in India

Paris-based Danone SA -after three failed attempts to succeed in the Indian dairy industry- is discontinuing its dairy operations in the country, which is among the fastest-growing global consumer packaged goods markets.

12 Jan 2018

Bharti Airtel

With Airtel, you can get free one-year Amazon Prime subscription

The telecom wars in India, triggered by Jio's disruptive entry into the market in 2016, still continue.

12 Jan 2018

Mukesh Ambani

Reliance Jio may soon launch its own cryptocurrency "JioCoin"

At a time when cryptocurrency has become one of the hottest tech and financial trends, Mukesh Ambani-owned Reliance Jio is reportedly planning to foray into the blockchain and virtual currency space.

11 Jan 2018

India

Fastest SUV by Lamborghini arrives in India for Rs. 3cr!

Italian supercar maker Lamborghini has finally launched the much-awaited Urus super SUV (sports utility vehicle) at a price of Rs. 3 crore.

11 Jan 2018

Bill Gates

Ajit Jain, Gregory Abel: Potential Warren Buffett successors at Berkshire

Billionaire investor Warren Buffett-led Berkshire Hathaway promoted its senior executives -Indian-origin Ajit Jain and Gregory Abel- to its board. They are now being considered front-runners in the race to succeed CEO Buffett.

11 Jan 2018

Patanjali

Will the 'swadeshi' Patanjali go global with Louis Vuitton's help?

The steep growth of Patanjali has grabbed major eyeballs. Its latest admirer is French luxury group LVMH Moët Hennessy Louis Vuitton SE, aka Louis Vuitton/LVMH.

11 Jan 2018

India

2009 Satyam scam: Pricewaterhouse gets 2-year audit-ban from SEBI

Nine years after the Rs. 8,000cr Satyam scam came to light, Securities and Exchange Board of India (SEBI) found Pricewaterhouse Network guilty in the fraud.

10 Jan 2018

India

Center approves 100% FDI in single-brand retail under automatic route

The government has approved 100% Foreign Direct Investment (FDI) in single-brand retail and construction development without government approval and relaxed norms for other sectors, including aviation.

10 Jan 2018

Narendra Modi

Foreign airlines can invest up to 49% in Air India

Earlier, a parliamentary panel advised the government to defer Air India's (AI) privatization. They urged them to give 5yrs for AI's revival.

10 Jan 2018

iPhone

Swiss store evacuated after iPhone battery overheats, one injured

Cases of phone batteries exploding have become common. But evacuation of a store because of it is rarely heard of.