Business News

Now, even banks would communicate with you over WhatsApp

If you're already exhausted by a flood of WhatsApp forwards from friends and family, brace yourselves, it's about to get worse.

WhatsApp Payments or Paytm, who will win digital payments race?

The world's largest messaging app WhatsApp, which has now become a part and parcel of our daily lives, recently rolled out its digital payments feature 'WhatsApp Payments' on a trial basis in India.

#FinancialBytes: Know all about ELSS that helps you save tax

Are you looking for an investment instrument which can not only offer you high returns but can also help you save tax?

Business Roundup: Here are today's top 5 Business news

Here's your daily dose of top five business news.

Railways installs 1st automatic food vending machine on a train

For the first time ever, the Indian Railways has installed an automatic food vending machine on-board a running train.

BSNL's Rs. 777 broadband plan offers 500GB data at 50Mbps

In a bid to capture the already competitive broadband space in India, BSNL has introduced two new broadband plans.

PSU banks suffer whopping Rs. 87,000cr loss in FY18

Losses of 19 government-run banks crossed a whopping Rs. 87,357cr in FY2017-18, topped by scam-tainted Punjab National Bank which took a hit of nearly Rs. 12,283cr.

Chanda Kochhar probe extends to US, SEC now investigating case

The probe against ICICI Bank chief Chanda Kochhar and her family's allegedly illegal business dealings with the Videocon group is going international.

Airtel now offers 2GB daily data on Rs. 149 recharge

Reliance Jio disrupted the telecom industry when it entered the market with its value-for-money schemes and has furthered the bar with its new tariff plans.

'Smart Meters': You may soon stop getting electricity bills delivered

Every once in a while, a new technology, an old problem, and a big idea turn into an innovation. That might become the case with our electricity bills.

Rs. 30,000cr might be recovered from resolution under IBC: SBI

State Bank of India, the country's largest lender, expects to recover around Rs. 30,000cr from the resolution process under the Insolvency and Bankruptcy Code (IBC) during the current fiscal, an official said.

This start-up is suing Apple for copying Siri Shortcuts logo

Shift, a start-up that uses blockchain technology to create new websites, has sued Apple for 'copying' the Siri Shortcuts logo, a new feature the iPhone maker announced a week ago at WWDC.

Business Roundup: Here are today's top 5 Business news

Reliance Jio all new Prepaid packs: Details here

Reliance Jio has disrupted the telecom industry with its affordable and value-for-money tariff plans which range from Rs. 19 to Rs. 9,999 and offer a validity of one day to a year.

RS. 7,000cr worth of GST refunds cleared: How to claim

Over Rs. 7,000cr or around half of the pending GST refunds to exporters has been cleared in the first nine days of the Central Board of Indirect Taxes and Customs' (CBIC) ongoing Special Refund Fortnight.

#FinancialBytes: 7 Indian start-ups that offer micro loans to professionals

When it comes to taking loans, there are many options available in India; people can borrow money from banks/financial institutions easily.

#FinancialBytes: How to save Income Tax under Section 80C

Every individual, who earns more than a certain amount, is required to pay taxes in accordance to the Income Tax Act. If you don't plan well, this may seem like a hefty payment.

FDI in India rose 3% to $61.96bn in 2017-18: Government

Foreign direct investment (FDI) in India increased to $222.75bn from $152bn, registering a growth of 3% ($61.96bn) in 2017-18, said DIPP Secretary Ramesh Abhishek.

Airtel TV for Android crosses 50-million downloads; free subscription extended

Airtel TV app for Android has crossed over 50 million downloads on the Google Play Store, the company has announced.

Deadline to file 'advance tax' is June 15: Details here

If you have not yet paid the first instalment of your advance tax, then you should file it no later than June 15 to avoid a penalty.

Ola: Began its journey in 1BHK, now worth Rs. 32,500cr

India's largest cab-hailing start-up Ola started its journey eight years back in 2010 from a 1BHK Mumbai apartment as its first office.

#FinancialBytes: 5 apps you need to become financially literate

Amid busy professional and personal life, efficient management of financial matters can often become a daunting task.

Airtel Home platform aims to simplify billing for multiple connections

Bharti Airtel, India's leading telecom service provider, has announced the launch of 'Airtel Home' - the telco's take on converged services.

This software by Honeywell will make flying safer in India

New Jersey-based conglomerate Honeywell International, at the behest of the Indian government, is developing a software solution that would decode over 100 Indian accents.

Know what does hiked RBI Repo Rate mean for you

After the bi-monthly review of its monetary policy, the Reserve Bank of India (RBI) today hiked the Repo Rate by 25 basis point to 6.25%.

Govt's fund of funds to ensure Rs. 1-lakh-crore to start-ups

PM Narendra Modi on Wednesday said the government's Rs. 10,000 crore fund of funds will ensure funding to the tune of Rs. 1 lakh crore for start-ups.

Facebook launches Musical.ly competitor called 'Lip Sync Live'

Facebook is no stranger to borrowing ideas from competitors, and this time, it has launched a new feature called 'Lip Sync Live' which is quite similar to products like Musical.ly and Dubsmash.

Know all about the Insolvency and Bankruptcy Code 2016

Insolvency and Bankruptcy Code 2016 is one of the biggest economic reforms adopted by India. It is a rare example of a much-needed law which has witnessed speedy roll-out and implementation.

RBI raises interest rate for first time in 4 years

Reserve Bank of India, for the first time in four-and-half-years, raised key interest rate today by 25 basis points to 6.25% on inflation concerns from a surge in international oil prices.

Govt promoting entrepreneurs; small towns emerging as start-up centers: PM

PM Narendra Modi today said the government is taking several steps to promote young entrepreneurs in the country.

#FinancialBytes: Everything you need to know about your EPF account

Dear reader, in your salary receipt, you must have seen a certain amount under the head 'Employee Provident Fund' which does not form a part of your cash-in-hand salary.

Fitbit says it has shipped over 1 million Versa smartwatches

Fitbit has shipped over 1 million units of Versa smartwatch since its launch earlier this year, the company announced in a statement.

BSE rebounds 69 points; market opens higher ahead of RBI-policy

BSE Sensex rebounded over 69 points in opening trade, breaking its three-day losing run, ahead of RBI's bi-monthly policy meet.

After Flipkart acquisition, Walmart to work with local kirana stores

Just a month after acquiring India's largest start-up and e-commerce platform Flipkart, Walmart is now planning to take hold of the country's kirana store business.

Business Roundup: Here are today's top 5 Business news

Today the business space remained rocked up with news from a variety of sectors.

Jio partners with Whistling Woods for setting up VR lab

Reliance Jio has announced a partnership with Whistling Woods International (WWI), a film communication, and media arts institute, to set up a dedicated development lab for the virtual reality (VR) and augmented reality (AR) industry.

Wipro announces 6-7% average increment for 2018

India's third-largest software services exporter, Wipro, has announced a 6-7% average increment for its employees for the year, effective from June 1.

#FinancialBytes: Here's how you can file the I-T return yourself

Every individual, whose total income during a financial year exceeds the maximum income not chargeable to tax, is required to file an income tax return (ITR) as per the Income Tax Act, 1961.

Business Roundup: Here are today's top 5 Business news

Here comes your daily roundup of business news.

Microsoft acquires GitHub: Is this the end of open-source software?

Microsoft has acquired world's largest open-source code repository website, GitHub for a whopping $7.5 billion in an all-stock deal.