Business News
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07 Feb 2018
IndiaAngel-tax exemption for start-ups with up to Rs. 10cr funding
Start-ups founded before 2016 may finally get an exemption from the much-talked-about Angel Tax, giving them a much-needed relief, reported ET.
06 Feb 2018
IndiaBad news, Bitcoin investors! Your earnings are now taxable
World's largest cryptocurrency Bitcoin plunged a whopping 66% from its all-time high of $19,666 to $6,000 (Rs. 3.8L).
06 Feb 2018
Village Industries CommissionKhadi wars: KVIC sues Fabindia for Rs. 525cr
After warning Fabindia for using the registered 'khadi' trademark earlier, the Khadi and Village Industries Commission (KVIC) has sued the retail chain for Rs. 525cr for continuing to do so.
06 Feb 2018
Bombay Stock Exchange (BSE)Sensex plunges 1270 points, the biggest decline since 2015
The BSE's benchmark Sensex crashed below the 34,000-mark, plunging 1,271 points to 33,482.81 while NSE's Nifty50 sank below the 10,300-mark, slumping 390 points to 10,276.
06 Feb 2018
IndiaMeet Lalitesh Katragadda, the man who built Google Maps India
Google Maps India was launched in 2008; since then it has become a part of our daily activities for finding locations, getting traffic-data, planning trips, discovering new places, etc.
05 Feb 2018
Bharti AirtelSingtel invests Rs. 2,650cr in Airtel, lifting stake to 48.9%
India's largest telecom operator Airtel has announced that one of Singapore's biggest telecom operators, Singtel (Singapore Telecommunications), will be investing Rs. 2,649 crore in Bharti Telecom Limited, increasing its total stake to 48.9% in the company.
05 Feb 2018
IndiaApple increases iPhone prices in India: Here are the details
Apple has officially increased the prices of its iPhones and Apple Watches in India.
04 Feb 2018
AssamSpiceJet contemplating using seaplanes on the Brahmaputra
Low-cost airline SpiceJet is currently mulling introducing seaplanes on the Brahmaputra river in Assam.
04 Feb 2018
Mukesh AmbaniMukesh Ambani announces Rs. 2,500 crore investment in Assam
Reliance Industries chairman Mukesh Ambani, while speaking at the Global Investors Summit 2018 in Guwahati, announced an investment of Rs. 2,500 crore across various sectors in Assam which would create at least 80,000 jobs over the next three years.
03 Feb 2018
Alibaba GroupChina's Alibaba leads BigBasket's $300-million funding round
Online grocery start-up BigBasket has raised $300 million in Series-E funding which was led by China's Alibaba Group. This is the largest investment raised by the company so far.
02 Feb 2018
IndiaAfter Budget, Sensex closes 839 points lower, Nifty cracks too
A day after Budget 2018, the markets shuddered and benchmark indices fell sharply, a consequence of the new long-term capital gains (LTCG) tax and other factors, analysts said.
02 Feb 2018
StartupsAir taxi start-up, Joby Aviation, raises $100 million in funding
Joby Aviation, a US-based air taxi start-up, has announced to have raised $100 million in funding from the venture capital arms of several big firms.
01 Feb 2018
India#DecodingBudget: Air India sale, LTCG, corporate-tax, job creation and more
Arun Jaitley presented the first post-GST Budget amid high expectations of positive changes in tax rates.
01 Feb 2018
JapanFujifilm acquires Xerox in a $6.1 billion deal
Xerox Corp, a US-based company that's become synonymous with the printing hardware market, is set to be acquired by Japan's Fujifilm Holdings in a $6.1 billion deal.
01 Feb 2018
Bharti AirtelAirtel's scheme for kids: Enables two users to share plan
Telecom service provider Airtel has rolled out a scheme under which postpaid users can add a new member to their monthly plan, at no additional cost.
01 Feb 2018
India#DecodingBudget: Import duty on smartphones increased to 20%
Presenting the Union Budget 2018, Finance Minister Arun Jaitely has announced an increase in the custom duty on mobile phones from 15% to 20%.
01 Feb 2018
GSTE-way bill system goes live today: All you should know
The e-way bill regime, devised as a tool to check tax evasion under GST, is rolling out nationwide today.
01 Feb 2018
IndiaFor the first time, credit cards for farmers, courtesy SBI
India's biggest public lender, the State Bank of India, is introducing special credit cards for farmers, probably the first such product for the community.
31 Jan 2018
FacebookFacebook bans cryptocurrency, ICO ads to ensure greater user security
Facebook has banned advertisements related to cryptocurrency, binary options and initial coin offerings (ICOs), calling them misleading.
31 Jan 2018
IndiaWalmart to acquire minority stake in Flipkart, compete with Amazon-India
The world's largest retailer, US-based Walmart Stores, is in advanced discussions to buy a significant minority stake in India's leading e-commerce company Flipkart, reported Economic Times.
31 Jan 2018
iPhoneApple to halve iPhone X production owing to 'disappointing' sales
According to a report by Tokyo Stock Exchange index Nikkei, Apple is looking to cut down its production targets for the iPhone X by half owing to "disappointing holiday season sales".
30 Jan 2018
LifestyleZara selling lungi-like skirt for Rs. 6,296 is laughingly ridiculous
It's not new for top fashion brands to experiment with clothing designs inspired from different cultures. But sometimes they go a bit too far.
30 Jan 2018
IndiaDucati announces pre-orders for the Panigale V4 superbike in India
When the Ducati Panigale V4 was announced last year, it caused quite a stir among auto enthusiasts.
30 Jan 2018
Paytm200 Paytm employees including office boy become millionaires after stock-sale
About 200 former and current Paytm employees have become millionaires after selling their stocks in the company worth Rs. 500cr.
29 Jan 2018
IndiaAmazon invests Rs. 1,950 crore to expand business in India
In another attempt to bolster its India market, Amazon has freshly invested Rs. 1,950 crore in its local arm, Amazon Seller Services Pvt. Ltd.
28 Jan 2018
IndiaPaytm to become a $10bn start-up after secondary share sale
The valuation of home-grown digital payments giant Paytm, owned by Noida-based One97 Communications, is likely to jump to $10bn after some existing and former employees sell a part of their shares to new investors, including Canada-based Discovery Capital. Information about other investors isn't available yet.
27 Jan 2018
JapanHackers steal $534.5 million from Japanese cryptocurrency exchange
Japanese cryptocurrency exchange, Coincheck said that on Friday, an attack by hackers led to around 523 million of the exchange's lesser-known NEM cryptocurrency coins getting transferred to another account without authorization.
27 Jan 2018
IndiaNew GST rate on house purchases for CLSS eligible buyers
The GST rate on buying houses has been reduced to 8% from the existing 12% for house purchases made under the credit-linked subsidy scheme (CLSS) under the Pradhan Mantri Awas Yojana (PMAY) Urban.
27 Jan 2018
AppleWhy is Apple hiring so many designers?
Apple job openings seem to hint at something brewing at Apple Park.
26 Jan 2018
Mukesh AmbaniReliance Jio joins hands with ALTBalaji to improve content offerings
Mukesh Ambani-led Reliance Jio has now joined hands with over-the-top content provider ALTBalaji, a week after renewing its partnership with Eros International.
26 Jan 2018
Arun JaitleyAfter decline, GST collections rise to Rs. 86,703cr in December
After falling for two straight months, revenue collections under GST have risen marginally for December. The total collection in December was Rs. 86,703cr.
26 Jan 2018
IndiaXiaomi becomes India's top-selling smartphone maker
After surpassing Samsung in budget smartphone sales earlier, Xiaomi has now emerged as the top-selling smartphone manufacturer in India.
25 Jan 2018
IndiaReliance Jio's new offer: Unlimited monthly 4G-data for Rs. 49!
On the eve of Republic Day, Reliance Jio has rolled out an amazing new prepaid monthly plan that offers users unlimited 4G data for only Rs. 49.
24 Jan 2018
iPhoneiPhone X available at its cheapest-ever price; Save Rs. 12k!
iPhone X has been one of the most-talked-about smartphones in 2017. But, its hefty price-tag stops many from buying the device.
24 Jan 2018
Reliance JioR-Day offer: Jio boosts data limit on 1GB, 1.5GB packs
Jio has announced free data for select plans as part of its Republic Day offer with effect from January 26.
24 Jan 2018
XTwitter COO resigns to join SoFi; its shares fell 3.9%
At a time when Twitter is finally showing signs of a turnaround with more stability and growth, the social media company's COO Anthony Noto is leaving to take the top job at San Francisco-based fintech company SoFi.
24 Jan 2018
Elon MuskElon Musk has some "audacious" goals, or there's no salary
Tesla has grabbed eyeballs once again, this time with its proposed compensation plan for CEO Elon Musk.
23 Jan 2018
George ClooneyBacardi to acquire premium tequila-maker Patron for $5.1 billion
With demand for high-end tequila growing across the world, alcohol giant Bacardi announced yesterday that it would be buying premium tequila-maker Patron Spirits International AG for a deal worth $5.1 billion.
23 Jan 2018
iPhoneApple to discontinue iPhone X this year: Here's why!
2017 has been the year of iPhone X - Apple's most radical smartphone in years. The tenth-anniversary iPhone edition was undoubtedly the hottest smartphone on the market last year.
