Business News | Page 118
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SpiceJet enters whopping Rs. 81,000cr-deal with France's Safran for aircraft-engines
No-frills India airline SpiceJet has inked a $12.5bn (Rs. 81,000 crore) deal with French major Safran Group for CFM aircraft engines; it's one of the biggest-ever aviation sector deals.
10 Mar 2018Twitter
Twitter looks to expand blue-tick verification to all 'human' users
In a bid to weed out robots and fake accounts on its platform, Twitter is reportedly considering to soon open 'blue tick' verification process for all users who can prove their identity.
Passport details made mandatory for Rs. 50cr+ loans
Following several high profile cases of economic offenders leaving the country, the government has made it mandatory for borrowers looking for loans above Rs. 50cr to submit their passport details to banks.
Marketing lessons we can all take from condom-maker, Durex
If there is any one brand that is winning hearts through advertising, it is Durex.
10 Mar 2018Insurance
Motor vehicle third-party insurance premiums to get cheaper
Vehicle owners might be in for some good news as a proposal to lower premiums for the mandatory motor vehicle third-party (TP) insurance cover has been put into place.
10 Mar 2018iPhone
Amazon could beat Apple to become the most valuable company
Propelled by the company's fast revenue growth, Amazon's stock has recorded a surge of 83 per cent over the past year, helping the e-commerce giant reach a $752 billion market capitalization.
Uber signs Virat Kohli as India brand ambassador
Uber has signed on celebrity cricketer Virat Kohli as its brand ambassador in India, the first time it has appointed one in Asia Pacific.
Airbus to deliver 1 aircraft per week over 10 years
European aerospace major Airbus expects to deliver one aircraft per week on an average to Indian carriers over the next ten years.
09 Mar 2018Tata Consultancy Services (TCS)
TCS ranked the fastest growing IT services brand in 2018
Leading global IT services, consulting and business solutions organization, Tata Consultancy Services, has been named as the fastest growing IT services brand in the world in an assessment done by world's leading brand valuation firm, Brand Finance.
Government wants Twitter misuse to be under check before elections
The Indian government has asked Twitter to address the growing problem of social media misuse, especially ahead of the 2019 Lok Sabha polls in the country.
Paytm being biggest payment network on UPI is false: PhonePe
e-Commerce website Flipkart's mobile payments arm PhonePe has alleged that Paytm's recent claim of being the biggest payment network in terms of the number of UPI transactions is false.
09 Mar 2018Hyundai Motor Company
Hyundai recalls 1.55 lakh Sonata in US over airbag issues
Hyundai Motor Co. is recalling nearly 1,55,000 Sonata cars in the US because of some issue in the airbags.
09 Mar 2018Twitter
Twitter appoints distinguished engineer Parag Agrawal as CTO
Distinguished engineer Parag Agrawal, IIT-Bombay alumnus, has been appointed the new Chief Technology Officer (CTO) of Twitter.
Xiaomi to enter US smartphone market as early as 2018
After its remarkable success in India and the expansion into Western Europe, Xiaomi eyes the US market as it gears for an IPO to raise $10 billion or more in Hong Kong, later this year.
08 Mar 2018India
No passport, can't return: Mehul Choksi tells CBI
Repeating what Nirav Modi submitted to investigating agencies, his uncle Mehul Choksi, Gitanjali Gems chairman and an accused in the Rs. 12,650cr PNB scam, has refused to return to India citing revocation of passport, among others.
08 Mar 2018Alibaba Group
AR start-up Magic Leap raises $461 million from Saudi government
Florida-based augmented reality (AR) startup Magic Leap has raised $461 million in the second phase of its series D funding round.
08 Mar 2018India
American e-commerce company DesiClik all set to enter India
DesiClik, the largest US-based vertical e-commerce marketplace specializing in Indian products, is all set to enter the Indian market through strategic partnership.
08 Mar 2018Japan
Coca-Cola to soon roll-out its first alcoholic drink in Japan
In a major breakaway from over 130 years of tradition, Coca-Cola will soon launch its first alcoholic drink, but exclusively for Japan.
09 Mar 2018Bharti Airtel
Sensex rebounds 274 points, Nifty above 10,200-mark, seeing opening gains
Snapping their six-day losing streak, stocks staged a strong comeback in early trade today, with BSE Sensex rebounding by 274 points and Nifty recapturing the 10,200-mark on fresh buying by domestic institutional investors.
08 Mar 2018Uber
Former Uber CEO Travis Kalanick launches venture fund 10100
Former Uber CEO and co-founder Travis Kalanick is launching a new investment fund called 10100 (pronounced as ten-one-hundred).
08 Mar 2018Xiaomi
Xiaomi stops taking Cash-on-Delivery-orders for Redmi Note5 Pro: Here's why
Chinese smartphone company Xiaomi launched Redmi Note 5 and Note 5 Pro last month that have become a huge hit with the Indian market.
Samsung plans to launch India-focused smartphones "to counter growing competition"
In an attempt to quell the competition, Samsung is planning to launch smartphones that are India-focused and across various segments in the country's price-sensitive phone market, for the remaining part of the year.
07 Mar 2018Mumbai
Tech-driven entertainment business will create jobs, money: Suresh Prabhu
Union Minister Suresh Prabhu today said entertainment is one of the fastest growing businesses, and the sector driven by technology will create jobs, money, and promote economic activities.
Jeff Bezos tops global rich list; Mukesh Ambani richest Indian
Reliance Industries Chairman Mukesh Ambani became the richest Indian for the 11th year in a row while his net worth soared to $40.1 billion.
07 Mar 2018Bharti Airtel
Airtel, Huawei conduct 5G network trial; achieve throughput of 3Gbps
Huawei, along with Bharti Airtel, recently tested 5G network trial.
Amazon offering Apple products at discounted prices until March 12
e-Commerce giant Amazon has kicked off its Apple Fest sale in India to offer various Apple products like iPhones, iPads, MacBooks, and Apple Watches at discounted prices.
PNB scam: CBI arrests Gitanjali VP, "brain behind the conspiracy"
Gitanjali Group vice-president Vipul Chitalia, who had escaped India along with chairman Mehul Choksi, was nabbed from the Mumbai airport yesterday morning, as soon as he landed from Bangkok.
07 Mar 2018Forbes
Jeff Bezos overtakes Bill Gates to become world's richest man
Amazon CEO Jeff Bezos has overtaken Microsoft's Bill Gates to become the richest man in the world.
07 Mar 2018San Francisco
Which are the highest-paying tech jobs right now?
The technology sector is experiencing massive growth, opening its doors to many professionals. We all know the tech industry offers some of the highest-paying jobs.
Rolls Royce Phantom VIII launched in North India
Ten days after launching the "most advanced luxury car" in India, Rolls Royce has now brought the eighth-generation Phantom to the North!
05 Mar 2018India
PNB-scam: Anti-fraud agency summons ICICI's Chanda Kochhar, Axis' Shikha Sharma
The Rs. 12,650cr scam by Nirav Modi and his uncle Mehul Choksi in connivance with PNB employees might be the undoing of many other banks too.
06 Mar 2018Reserve Bank Of India (RBI)
RBI fines Axis Rs. 3cr, IOB Rs. 2cr for violations
The RBI has levied Rs. 3cr fine on Axis Bank and Rs. 2cr penalty on Indian Overseas Bank (IOB) for various violations.
06 Mar 2018Facebook
Internet giants Facebook, Google profiting from 'pop-up' brothels: Report
Internet giants Google and Facebook have been accused by the Britain's National Crime Agency (NCA) for profiting from 'pop-up' brothels running on their platforms.
05 Mar 2018Mumbai
INX money-laundering: Karti paid Rs. 1.8cr to influential political leader
ED has claimed that Karti Chidambaram, under investigation in the INX money laundering case, paid a senior political leader Rs. 1.8cr in five instalments in over 3.5 years.
05 Mar 2018Apple
Apple to release a cheaper MacBook Air this year: Reports
According to reputed Apple analyst Ming-Chi Kuo, the tech giant is reportedly working on releasing a cheaper model of the MacBook Air at some point in the second quarter of this year.
04 Mar 2018BlackBerry
BlackBerry puts in the final nail in BB10's coffin
BlackBerry Limited, the manager of BlackBerry's brand licensing and software, has decided to put in the final nail in BB10's coffin.
04 Mar 2018Xiaomi
Global wearables market grows 7.7% in Q4 2017, Apple leads
According to data from IDC's WorldWide Quarterly Wearable Device Tracker, total shipment volumes for Q4 2017 reached 37.9 million units, up 7.7% from the 35.2 million units shipped in the same quarter in 2016.
04 Mar 2018YouTube
Google sued for discriminatory hiring practices by former male employee
Google has been sued by an ex-YouTube employee for allegedly having discriminatory hiring practices.
04 Mar 2018India
PNB scam: Nirav Modi bribed official with gold and diamond
Billionaire Nirav Modi bribed a bank official with gold and diamond for his assistance in the Rs. 12,650cr PNB scam, CBI said.
04 Mar 2018Uber
Uber, Lyft drivers make a median hourly profit of $3.37
According to a study published by the MIT Center for Energy and Environmental Policy Research, Uber and Lyft drivers in the US earn a median profit of $3.37 per hour before taxes, with 74% of drivers earning lesser than the minimum wage standard set in the state where they operate.