Business News | Page 142

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30 Jun 2017

India

Spice Mobility inks joint venture deal with China's Transsion

India's Spice Mobility is looking to make a comeback into the crowded mobile phone market in India, according to reports.

30 Jun 2017

India

Confusion still looms large on the eve of GST rollout

With India poised to rollout GST, its biggest tax reform, confusion still looms large.

29 Jun 2017

Trinamool Congress

GST launch- Congress, Trinamool to boycott special parliament session

Congress said it won't attend the launch of GST at a special midnight parliament session on June 30.

29 Jun 2017

India

Air India disinvestment: IndiGo expresses interest, speculation about Tata rife

Domestic and international airlines including IndiGo have informally expressed interest in buying stake in Air India, which is Rs. 52,000cr in debt.

29 Jun 2017

Wipro

Trump Effect? Wipro says 50% workforce in US are locals

Software giant Wipro announced that over 50% of the company's employees in the United States are locals.

29 Jun 2017

Washington DC

Warren Buffett started paying taxes when he was just 14!

Reports showed that billionaire Warren Buffett's tax records as a young 14-year old teenager reflect astute investing and finance skills.

29 Jun 2017

India

'Vegetarian' capsules: Government forwards controversial proposal to scientific panel

For the benefit of vegetarians, the government is considering substituting animal-based gelatin coating on capsules with plant cellulose.

29 Jun 2017

Bharti Airtel

Indian telecom sector will become a four-operator market, says survey

The Telecom sector is currently going through a big reshuffle. Reliance Jio has majorly disrupted the already financially ailing sector.

28 Jun 2017

India

Disinvestment of Air India: Cabinet gives its approval

FinMin Arun Jaitley said that the Union Cabinet has given in-principle approval for disinvestment of Air India.

28 Jun 2017

Robots

Banks are increasingly using robots to answer basic consumer queries

There's no denying the fact that the banking sector is the life-line of the bustling Indian economy and it caters to millions every day.

28 Jun 2017

India

India's GST paves way for $3 billion tax services industry

With the Indian government opening up the market for GST to be effected from 1 July 2017, the move has given way for a massive industry for GST service providers.

28 Jun 2017

India

India's NITI Aayog proposes Coal India split

India's policy think-tank NITI Aayog has proposed that the government-owned Coal India Limited be split into seven independent companies to help it become more competitive.

28 Jun 2017

Facebook

Biggest "country" on Earth, Facebook hits 2 billion monthly users

Social network giant Facebook has reached yet another milestone!

28 Jun 2017

Google

App economy will be worth $6.3 trillion by 2021: Study

People now access the Internet, make more digital transactions using their smartphones as against laptops and in order to do that, they need dedicated apps.

28 Jun 2017

India

IBM to collaborate with Indian developers on AI, machine learning

Technology trends like Artificial Intelligence, Machine Learning, and Internet of Things have been gaining momentum for some time now.

Yahoo! will stop accepting AT&T email addresses from June 30

It appears that Yahoo! accounts after June 30 will no longer be accessible via AT&T email addresses or any email addresses belonging to its subsidiaries.

27 Jun 2017

India

GST Rollout: 10% duty to be levied on imported smartphones

Under the new GST regime which will kick in from 1st July, the government announced that it would slap a customs duty of at least 10% on imported smartphones.

27 Jun 2017

Android

Google fined €2.4 billion by EU, for manipulating search results

The European Union after seven-year investigation into Google's shopping comparison service concluded that the US search giant has "abused its dominant position by systematically favoring" of its own services.

GST update: E-commerce players get respite from TDS collection

As the nation gets ready for the new Goods and Service Tax regime, e-commerce companies such as Amazon and Flipkart are given a temporary relief from one of their preparation burdens by the finance ministry.

27 Jun 2017

India

With possible change in financial year, budget in November?

There is speculation about change in financial year from 2018. The present April-March cycle might soon be rescheduled to January-December.

Finance ministry to RBI, extend deadline for Basel III norms

Although RBI had extended the deadline for implementation of Basel III banking norms from March 2018 to March 2019, the finance ministry has now asked for another extension citing, banks at present have a higher capital requirement to handle NPAs.

27 Jun 2017

Manesar

Ahead of GST rollout, Gurgaon-Manesar automobile hub tense

Ahead of GST's rollout, the automobile hub of Gurgaon-Manesar is alive with anxiety. Till now, many small-time suppliers haven't been brought on board yet.

27 Jun 2017

India

HDFC Life, Max rejig merger plans after IRDA's cancellation

Post Insurance Regulatory and Development Authority of India (IRDA) rejection of HDFC Life Insurance Co. Ltd and Max Life Insurance Co. Ltd's three-step union, the two firms have extended their merger deadline and have come up with a new structure in compliance with all norms.

26 Jun 2017

India

SBI chief's salary is nothing compared to private bank counterparts

When former RBI governor Raghuram Rajan said that top talents shy away from PSBs due to lack of proper remuneration, he was not exaggerating.

26 Jun 2017

Microsoft

Telangana's realty scam worth Rs. 15,000crore; Google, Microsoft also affected

Global and domestic companies in Hyderabad are now in panic mode regarding the valuation of their real estate holdings, as Telangana government commences legal proceedings to cross-examine private and government-auctioned land ownership legitimacy.

26 Jun 2017

Facebook

Facebook gears up to launch new app aimed at influencers

Social networking giant Facebook announced plans to unveil a new app later this year, targeted at influencers.

26 Jun 2017

Facebook

An ex-Tesla engineer's herbal cure for hangovers

A South Korean engineer, who has worked with Facebook and Tesla, is now all set to launch his new venture on July 5.

26 Jun 2017

Uber

Uber is unable to retain its new drivers, says report

Uber, whose co-founder Travis Kalanick recently resigned due to investors' pressure, is going to have more trouble ahead as a recent report cited that the firm's retention rates for new drivers in America have gone down significantly during the period between January and May.

25 Jun 2017

India

GST rollout: Job market expects 1 lakh immediate openings

India's job sector is eagerly awaiting the GST (Goods and Services Tax) rollout as it expects the tax regime to usher in fresh employment opportunities.

25 Jun 2017

Delhi

A week after daily price revision policy, petrol/diesel prices dip

Earlier state-owned oil companies revised fuel prices on 1st and 16th of every month, therefore, consumers didn't get the immediate benefit of any decline in international oil prices.

25 Jun 2017

Business

UK's gambling firms get rapped; change fraudulent practices, says regulator

UK's Competition and Markets Authority (CMA) is now gearing up to take strict punitive measures against gambling companies, which have been breaking consumer laws for quite some time now.

25 Jun 2017

Infosys

36th Infosys AGM: Unhappy founders choose to skip

The 36th Annual General Meeting (AGM) for 2016-17 of Infosys in Bengaluru has reportedly not been attended by any of the co-founders, including NR Narayana Murthy.

25 Jun 2017

Sexual Harassment

Silicon Valley investor steps down after admitting to sexual harassment

Justin Caldbeck, the co-founder of Silicon Valley venture capital firm Binary Capital, announced that he would take an indefinite leave from the company after several allegations of sexual harassment came in against him.

24 Jun 2017

Delhi Police

Snapdeal files FIR against former GoJavas' promoters

Snapdeal's parent company, Jasper Infotech, has registered a First Information Report (FIR) with the Economic Offences Wing of the Delhi Police against former senior executives of Quickdel Logistics which owns e-commerce logistics company GoJavas.

24 Jun 2017

Indian Startups

Bengaluru based start-up Practo being investigated for tax evasion

Bengaluru-based healthcare start-up Practo is reportedly being probed by the Income Tax department for tax evasion allegedly through a cross-border corporate restructuring.

24 Jun 2017

Bharti Airtel

Airtel Customer Care support now available in 11 Indian languages

Telecom giant Bharti Airtel announced the launch of its '*121#' Digital Care in 11 Indian languages for making the platform much more accessible to its prepaid users.

24 Jun 2017

Cryptocurrency

Ethereum price crashes from $319 to 10 cents in seconds

The price of ethereum, an alternate cryptocurrency to bitcoin, crashed from $319 to 10 cents within seconds on the GDAX cryptocurrency exchange causing many ethereum traders to lose large amounts of money.

24 Jun 2017

India

InMobi looking for a CTO as Saxena plans to move

InMobi announced that it was looking for a new chief technology officer as incumbent Mohit Saxena is set to move to the US for personal reasons.

24 Jun 2017

India

RBI to banks: Resolve 55 NPA cases in six months

After pegging down 12 accounts that had racked up 25% or roughly around Rs. 2 lakh crore worth non-performing assets (NPA) in the Indian banking sector, the Reserve Bank of India (RBI) has now given banks a six month time period to resolve 55 cases of bad debt or hand them over for resolution under Insolvency and Bankruptcy Code.

23 Jun 2017

Bharti Airtel

Telecom sector will perish if tariff war continues, say firms

The writing is on the wall; the tariff war started by Mukesh Ambani-backed Reliance Jio, if left unchecked would leave behind only one or two non-state providers at the very end, according to Bharti Airtel chairman Sunil Mittal.