Business News

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09 Aug 2018

Startups

Metro Bikes raises $12.2 million funding; rebrands as 'Bounce'

Bike rental startup Metro Bikes today said it has raised $12.2 million in a Series-A funding round led by Sequoia India and Accel Partners and has rebranded itself as Bounce.

09 Aug 2018

Xiaomi

Xiaomi Mi A2 pre-orders start today via Amazon, Mi.com

Xiaomi's recently launched Mi A2 will be up for pre-orders starting today at 12pm via Amazon and Mi India e-store.

09 Aug 2018

India

Furniture giant IKEA's first India store opens today in Hyderabad

IKEA, the world's biggest furniture retailer, is all set to launch its first India venture today, as it inaugurates its massive store in Hyderabad's Hitec City.

Sensex hits historic 38,000 mark; Nifty tops 11,495

The BSE Sensex hit the 38,000 level for the first time today on widespread buying in banking, energy, and PSU stocks amid unabated inflows by domestic and foreign institutional investors.

09 Aug 2018

India

#FinancialBytes: Top 5 investment options for best returns

Investing money in a safe investment option that offers high returns with minimal risks goes a long way in ensuring your long term financial security.

08 Aug 2018

India

OnePlus 6 Independence Day offers announced in India: Details here

If you are contemplating to buy OnePlus 6 - India's best-selling premium smartphone - these offers might just be for you.

08 Aug 2018

WhatsApp

Workplace messaging service Slack is raising $400mn in new round

On the back of acquiring its rivals just a couple of weeks back, workplace messaging service Slack is reportedly raising more funding, this time around $400mn.

08 Aug 2018

India

Will Microsoft's new Surface line-up work for India? Unlikely

On Tuesday, Microsoft launched its new Surface line-up in India comprising two devices - the Surface Laptop, and the Surface Book 2.

08 Aug 2018

Xiaomi

Xiaomi Redmi Note 5 Pro sale live on Flipkart, Mi.com

The Xiaomi Redmi Note 5 Pro flash sale is now live on Flipkart and Mi.com.

08 Aug 2018

India

IMF asks India to consider simpler GST rate structure

The International Monetary Fund (IMF) today described the Goods and Services Tax (GST) as a "milestone reform" in India's tax policy, which unifies numerous indirect taxes across all states of the federation and the central government.

08 Aug 2018

Elon Musk

Elon Musk is probably taking Tesla private

Last night, Elon Musk announced that he was planning to take Tesla private so that he didn't have to take short-term decisions to appease investors.

07 Aug 2018

India

#FinancialBytes: How to file ITRs if you are an NRI

As per I-T department norms, non-resident Indians (NRIs), too, are subject to taxes on income, if such income is earned in India, or received or deemed to be received in India.

07 Aug 2018

India

Ola expands to the UK to fight Uber internationally

Not to be outdone or intimidated by international ride-hailing giant Uber, Ola has decided to take the fight beyond India, its home-ground, to Europe.

07 Aug 2018

Flipkart

Rivaling Amazon, Flipkart announces Big Freedom Sale from August 10

In a bid to take on Amazon's Freedom Sale, Walmart-owned Flipkart has announced 'The Big Freedom Sale'.

07 Aug 2018

Pfizer

As Pfizer's Viagra patent ends, Indian firms prepare for dominance

Viagra, the global leader in treating impotence in men, might soon be dethroned, as pharmaceutical giant Pfizer loses its patent for the drug in the US in 2020.

06 Aug 2018

PepsiCo

Everything to know about Ramon Laguarta, PepsiCo's new CEO

It's official - Chennai-born Indra Nooyi is stepping down as the CEO of PepsiCo after 12 long years at the helm.

06 Aug 2018

Chennai

Indra Nooyi, PepsiCo CEO, steps down after 12 years

Indra Nooyi, who has led global food and beverage giant PepsiCo as CEO for 12 years, is stepping down, the company announced.

06 Aug 2018

Apple

Can Apple bring a Hyperloop to Cupertino? They just might

The city of Cupertino in Silicon Valley is already home to Apple's iconic spaceship campus and, if things go as planned, the city could also become home to a Hyperloop, thanks to Apple.

05 Aug 2018

Samsung

Samsung's Independence Day sale ends today: Best deals here

Samsung's Independence Day Sale, which has been active since August 1, ends today.

This 'cat and dog wine' company is earning $500,000

Pets enjoy a lot of luxuries, but why don't they have their own drinks?

05 Aug 2018

India

Vivo Carnival Freedom sale: Vivo Nex available at Rs. 1,947

Celebrating India's 72nd Independence Day, Vivo will host the Carnival Freedom sale on its India e-store starting from August 7 till August 9.

05 Aug 2018

India

Godrej Consumer Products eyes 5% e-commerce revenues in 3-4 years

Homegrown FMCG firm Godrej Consumer Products (GCPL) is bullish on the prospects of e-commerce and is expecting 5% of its revenues to come from this channel in the next three to four years.

05 Aug 2018

iPhone

Virus attack shuts down factories of iPhone's sole chipmaker

On Saturday, several factories of Taiwan Semiconductor Manufacturing Co. (TSMC), the sole manufacturer of the iPhone's main processor, was shut down following a virus attack.

#FinancialBytes: Have a credit card? 5 tips to use wisely

Given the ease and convenience of making payments that credit cards offer, they've now become a household phenomena.

04 Aug 2018

India

Amazon Freedom Sale begins August 9: All details here

Amazon has announced its three-day 'Amazon Freedom Sale' in India.

04 Aug 2018

Maruti Suzuki

Exactly how rich is Apple? Here are some mind-boggling facts

On Thursday, Apple touched a market cap of $1 trillion, a figure that many icons of capitalism had never even dreamed of touching.

03 Aug 2018

India

5 financial services offered by Paytm you should know about

Paytm is Noida-based E-commerce start-up that mainstreamed digital wallets in India, and helped us get rid of the unnecessary hassle of making cash payments.

03 Aug 2018

India

Reliance Jio GigaFiber: Registrations, Plans, Installation and other details

After disrupting the telecom industry, Mukesh Ambani-led Reliance is primed to take on the broadband space in India.

03 Aug 2018

India

Jet Airways 'can't run after 60 days,' stake-sale attempts on

The debt-ridden Jet Airways, India's second-largest airline by market share, is desperate for cash, and has resumed talks with investment bankers for assistance in a stake sale.

03 Aug 2018

Aadhaar Card

#FinancialBytes: 10 Documents you need while filing your I-T Return

Notably, the deadline for filing of Income Tax Return for the FY 2017-18 has been extended to August 1.

02 Aug 2018

iPhone

Apple is now first public company worth $1 trillion

On Thursday, Apple became the world's first public company to be worth a whopping $1 trillion.

02 Aug 2018

India

#FinancialBytes: What happens if you fail to file your ITR?

The Finance Ministry has extended the ITR filing deadline from July 31 to August 31, 2018.

02 Aug 2018

Google

Google developing censored search for China; whatever happened to ethics?

In a bid to enter China again, Google is reportedly planning to launch a censored version of its search engine that will blacklist websites and search results about democracy, human rights, religion, and peaceful protests, among other things.

02 Aug 2018

Facebook

This is how WhatsApp plans to make money

On Wednesday, WhatsApp announced the launch of its first revenue-generating product, WhatsApp Business API.

02 Aug 2018

Jet Airways

Jet Airways faces crisis as employees reject 25% pay cuts

Cash-strapped Jet Airways has asked its employees, including pilots, to take salary cuts in the range of 5-25% for an indefinite period as it struggles to stabilize operations.

02 Aug 2018

Central Government

#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.

01 Aug 2018

India

OnePlus beats Samsung, Apple to top India's premium smartphone market

OnePlus has, for the first time since its arrival in India, surpassed heavyweights like Apple and Samsung to lead the country's fast-growing premium smartphone segment, according to a report by market research firm Counterpoint.

01 Aug 2018

India

#FinancialBytes: Reasons to file ITR even if income is non-taxable

Many people assume that since their estimated net income for the year doesn't exceed the tax exemption limit, they need not file an income tax return (ITR).

01 Aug 2018

India

Swiggy launches paid subscription program to compete with Zomato

On Tuesday, Swiggy, one of India's largest online food delivery platforms, announced the launch of its paid subscription program called Swiggy Super, initially to be rolled out to "limited users" in seven Indian cities.

01 Aug 2018

India

FRDI Bill withdrawn on apprehensions expressed by public: Piyush Goyal

The government has decided to withdraw Financial Resolution and Deposit Insurance (FRDI) Bill following apprehensions expressed by the public with regard to the "bail-in" clause to resolve a failing bank and insurance cover on bank deposits, Finance Minister Piyush Goyal told a Parliamentary Committee.