Business News | Page 131
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
06 Oct 2017
IndiaPaytm Payments Bank incurred Rs. 30cr loss in 7 months
In its regulatory filing to Registrar of Companies (RoC), Paytm Payments Bank informed that in the time period between August 2016 and March 31, 2017, it has incurred losses of Rs. 30.7 crore.
06 Oct 2017
SnapchatSnap CEO says Spectacles sales are 'over 150,000 units'
When Snap launched Spectacles, it didn't hold back from making marketing gimmicks. One of the brilliant ones was the idea of Snapbot vending machines, which would pop up at random places and from which, you could buy Spectacles.
05 Oct 2017
IndiaAdobe integrates Aadhaar-based authentication on Adobe Sign
American multinational software firm Adobe Systems said that in order to promote e-signatures in India, it will now start integrating Aadhaar-based authentication into its e-signature feature "Adobe Sign".
05 Oct 2017
IndiaBanking unions threaten strike over unpaid demonetization overtime dues
Unions representing government-owned banks have threatened to go on strike and take legal action if the overtime dues owed to employees for working extra hours following demonetization aren't cleared.
04 Oct 2017
IndiaRBI: Repo rate remains unchanged at 6%; GVA growth-estimate slashed
Urjit Patel-led six-member Monetary Policy Committee (MPC) of Reserve Bank of India has kept the repo rate unchanged at 6% as per expectations.
04 Oct 2017
IndiaRajnish Kumar named new SBI chairman
The government has named Rajnish Kumar as new chairman of State Bank of India, the country's biggest bank.
04 Oct 2017
IndiaRBI keeps repo rate unchanged at 6%
The RBI has kept the repo rate, the rate at which banks borrow from RBI, unchanged at 6%. It comes after retail inflation hit a 5-month high of 3.36% in August.
04 Oct 2017
YahooAll 3bn Yahoo accounts hacked during 2013 data breach
Tech giant Yahoo has revealed that all three billion of its accounts were hacked during a 2013 data theft.
04 Oct 2017
GoogleGoogle drops its 'first-click free' policy
Google is canceling its 'First Click Free' policy, under which news sites were required to provide at least three articles per day in Google Search and Google news before they could enable a paywall.
03 Oct 2017
IndiaFlipkart: $100mn ESOP repurchase plan; Diwali bonanza for employees
As many as 6,000 current/former employees of India's homegrown e-commerce giant Flipkart are in for a Diwali bonanza.
03 Oct 2017
IndiaGovt cuts excise duty on petrol, diesel by Rs. 2/litre
The Centre reduced the Basic Excise Duty rate on petrol and diesel by Rs. 2/litre. The new prices will be effective from 4 October.
03 Oct 2017
LGGet ready for Amazon India's second Great Indian Festival sale!
Following the success of its 21-24 September Great Indian Festival sale, Amazon India is hosting another festive sale from 4-8 October.
03 Oct 2017
State Bank of India (SBI)SBI Life Insurance's stock market debut; gains 5% on issue-price
SBI Life Insurance made a strong market debut as it got listed on stock exchanges.
03 Oct 2017
UberOla to get $2bn in fresh funding from Tencent, SoftBank
While its biggest rival Uber is witnessing a tussle between its founder and erstwhile CEO Travis Kalanick and the present board, Ola is gearing up for another round of funding.
03 Oct 2017
IndiaMake in India? When it comes to smartphones, not yet
India's goal of becoming a smartphone-making hub has hit a major roadblock due to lack of skilled labor and component makers.
03 Oct 2017
HuaweiHuawei triumphs over Apple, becomes top smartphone brand in China
It appears that Apple has finally lost its biggest overseas market. An FT survey shows that Apple, which is trying to regain its popularity in China, has fallen out of favor among the locals.
02 Oct 2017
SmartphonesLava will now bring sub-Rs. 10,000 phones with high-end features
Home-grown mobile phone manufacturer Lava said that from now on, it'll be targeting the sub-Rs. 10,000 market to take on Chinese competitors.
02 Oct 2017
IndiaL&T Infotech's $100 million government contract to catch tax evaders
The Centre's contract, to track social media accounts of taxpayers to see if their spending patterns are in accordance with their tax declarations in order to nab the tax evaders, was awarded to India's largest engineering conglomerate Larsen & Toubro Ltd-owned L&T Infotech Ltd.
02 Oct 2017
Idea CellularRCom cancels merger with Aircel, says it was mutual
Due to the disruption caused by Jio in the already financially strained telecom sector, some players decided to merge in order to survive.
01 Oct 2017
TaiwanApple investigating splitting open of iPhone 8 Pluses
Apple is currently investigating reports of its iPhone 8 Plus splitting open, the reasons for which remain unclear.
01 Oct 2017
Electric VehiclesTata Motors bags Centre's 10,000 electric cars' order
The Centre has been pushing for a reduction in traditional fuel cars to tackle pollution.
30 Sep 2017
ZomatoFood tech start-up Yumist shuts down; fails to raise funds
Gurugram-based food tech start-up Yumist, which offered home-cooked meals, is shutting down as it failed to raise the kind of capital required to survive in the competitive market.
30 Sep 2017
Bharti AirtelJioPhone effect: Airtel to launch Rs. 2,000 smartphone next month
Intensifying the ongoing war between telecom biggies, Airtel has decided to take on the JioPhone with an affordable smartphone.
30 Sep 2017
AmulAmul to start selling French fries, aloo tikki this Diwali
Indian dairy giant Amul is set to launch frozen potato products like French Fries, potato wedges, hash browns, and aloo tikkis/burger patties next month, before Diwali.
30 Sep 2017
IndiaGST: Most businesses will be allowed to file monthly returns
In a bid to smooth out the creases in the new GST regime, the government is now looking to allow most businesses to file quarterly returns as opposed to the earlier requirement of monthly filings.
29 Sep 2017
Reliance JioApple CEO 'joins' Akash Ambani at iPhone 8's India launch
In a first, Apple CEO Tim Cook addressed the media for an India launch event for iPhone 8.
29 Sep 2017
IndiaGujarat EV story: Modi's home state leads his ambitious plan
The government is pushing towards making India a pollution free nation.
28 Sep 2017
IndiaBaba's empire: Patanjali's success story has too loose a narrative
It's as if Patanjali can do no wrong. In a very brief period of time, it took the FMCG sector by storm with an array of "swadeshi" products, promising to make "videshi" FMCG giants quaver.
28 Sep 2017
IndiaYou can buy Zara clothes online from October 4
You will no longer have to visit Zara's retail stores to shop. The Spanish apparel maker is introducing online shopping for its customers in India from October 1.
28 Sep 2017
IndiaR-Infra will participate in bullet train project, says Anil Ambani
At Reliance Infrastructure's 88th AGM, Reliance Group chairman Anil Ambani said that R-Infra's arm Reliance Naval and Engineering will soon come out with a rights issue.
28 Sep 2017
IndiaMaruti Suzuki S-Cross facelift gets launched today
India's largest passenger car maker Maruti Suzuki India (MSIL) is launching a facelift model of its flagship offering, the S-Cross, today.
28 Sep 2017
Bharti AirtelAirtel, Idea say telecom sector is suffering, intervention necessary
On Wednesday, Minister of State (Independent Charge) Communications, Manoj Sinha inaugurated the maiden India Mobile Congress (IMC) at Delhi's Pragati Maidan.
27 Sep 2017
IndiaSpecial training for BCom graduates for filing GST returns
As the demand for tax professionals and consultants has increased post GST (Goods and Services Tax) rollout, commerce graduates are being roped in for filing returns.
27 Sep 2017
Bharti AirtelAirtel gets 5G ready. Enough to topple Jio?
Telecom major Airtel has started deploying India's first state-of-the-art Massive Multiple-Input Multiple-Output (MIMO) technology.
27 Sep 2017
IndiaTesla in talks with government for possible India launch
Elon Musk's Tesla has begun talks with the government to bring its electric cars to India via the single-brand retail route.
27 Sep 2017
XiaomiASUS bows out to Chinese phonemakers, changes India strategy
The Taiwanese firm, Asustek Computers, which sells mobile devices under the ASUS brand name, will now divert its energy towards the Rs. 10,000-30,000 price category and exit the sub-Rs. 10,000 segment altogether.
27 Sep 2017
TencentA $3 million pay package is waiting for you
Most of us have come across versions of this unique statement spewed by HRs after job interviews. "We love you, we want to hire you but we don't want to spend more than XYZ amount for this post."
26 Sep 2017
Mukesh AmbaniHurun India Rich List: Patanjali's Balkrishna ranked 8th richest person
Patanjali Ayurved's Acharya Balkrishna made a surprise entry into the "top 10" of the Hurun India Rich List 2017.
26 Sep 2017
United States of AmericaHackers target Deloitte; major security breach reported
Deloitte, one of the top global accountancy firms, has been targeted by a major cyber-attack that compromised data of its clients, including private emails and plans of some blue-chip clients.
26 Sep 2017
South KoreaMukesh Ambani's Reliance Industries is world's 3rd largest energy firm
This year, in Platts Top 250 Global Energy Company Rankings, Reliance Industries climbed up five places on the chart and became the world's third-biggest energy firm after Russia's Gazprom and Germany's E.ON.