Business

India overtakes Britain to become world’s sixth largest economy

New Delhi: Indian economy has overtaken the Britain’s for the first time in 150 years, thus becoming the sixth largest economy in the world after USA, China, Japan, Germany and....

US dollar rises on Janet Yellen’s remarks

New York: The US dollar climbed against most major currencies on Federal Reserve's positive remarks about the country's labour market. Federal Reserve Chair Janet Yellen said in a public speech on....

Uber’s co-founder Travis Kalanick lands in India without visa

New Delhi: A high level intervention at the last minute managed to help the Uber CEO Travis Kalanick, as he landed in India without a visa. The possibility of him being....

Digital payment start-ups unaware of high security risks: FireEye

New Delhi: As India embraces a cashless economy, there has been a sudden spurt in new mobile wallet companies -- but most of these start-ups are setting up digital shops....

With 3,135 trips, this year Bengaluru rider sets world record

New Delhi:  As the year 2016 comes to an end, companies worldwide are out with a brief recap of their journey this year. Uber is no exception to this rule.....

Petrol price hiked by Rs 2.21 per litre, diesel by Rs 1.79 a litre

New Delhi: With the global oil prices going over $50 a barrel earlier this week, state-run Indian Oil Corp on Friday hiked the prices of transport fuels -- of petrol by....

South Korea freezes interest rates at record low after Fed’s rate hike

Seoul: South Korea's central bank on Thursday froze interest rates at a record low to see the effect from the US Federal Reserve's first rate hike in a year. Bank....

US Federal Reserve hikes key interest rate by 0.25%

Washington: The US Federal Reserve on Wednesday increased its key interest rate by 25 basis points in the first rate hike in 2016 and just the second in a decade.....

More than 93% of TCS shareholders oust Cyrus Mistry as Director

Mumbai: More than 93 per cent shareholders of Tata Consultancy Services (TCS) voted to oust Cyrus Mistry as the Director of the company. According to a regulatory filing with the....

Report of regulatory action against us false: Axis Bank

Mumbai: Private sector lender Axis Bank on Monday said the reports alleging that regulatory action against the bank was under consideration, were false and malafide.   "We would like to bring....

Chinese yuan weakens against US dollar

Beijing: The central parity rate of the Chinese currency renminbi, or the yuan, weakened 114 basis points to 6.9086 against the US dollar on Monday, according to the China Foreign....

Air India extends waiver period for cancellation penalties on Port Blair flight

New Delhi: National passenger carrier Air India on Friday extended the waiver period for penalties on cancellation for flights operating to and from Port Blair.   The development comes two days....

HSBC says demonetisation will slow India’s GDP growth by 2%

New Delhi: The demonetisation will cloud the GDP growth in the current and next quarter, pulling it down by as much as two percentage points, HSBC said on Friday. "Growth....

More than 5,500 complaints received against Air India

New Delhi: A total of 5,879 passenger complaints have been received against Air India from January to October 2016, Parliament was told on Thursday. "The total numbers of complaints received from....

Indian equity market indices open in green

Mumbai: Taking cues from global markets the key Indian equity market indices opened in green on Thursday. The Sensitive Index (Sensex) of the BSE, which had closed at 26,236.87 points....

A month into demonetisation, real estate sector hit hard

New Delhi: The real estate market has gone down after the introduction of demonetisation by Prime Minister Narendra Modi on November 8. The national capital region has seen a downfall....

Microsoft doubles its bug bounty to $30,000

European Commission clears $26 billion Microsoft-LinkedIn deal

San Francisco: The European Commission has cleared the $26 billion LinkedIn acquisition by Microsoft and the deal will close in coming days, Microsoft said on Wednesday. The tech giant has....

ED summons AirAsia officials over Rs 22 crore fraudulent transactions

New Delhi: The Enforcement Directorate (ED) on Wednesday summoned the officials of AirAsia under the Foreign Exchange Management Act (FEMA) over alleged fraudulent transaction of Rs 22 crore with Singapore-based....

Repo rates to remain unchanged at 6.25%: RBI

New Delhi: Putting an end to all expectations, the Reserve Bank of India (RBI) on Wednesday decided to keep the repo rate unchanged at 6.25% under the LAF(liquidity adjustment facility).....

Oil prices drop amid output cut skepticism

New York: Oil prices dropped on Tuesday, breaking four-session win streak, as market fear record crude output and the reaction of US shale producers may undermine the Organisation of the....

Demonetisation helps Amazon clock triple-digit growth, says Amit Agarwal

New Delhi: Cashing in on the ongoing demonetisation drive across India, Amazon India is witnessing triple-digit growth in its sales as it has switched to various electronic payments platforms, said....

After Jio’s free voice service, now BSNL to launch unlimited mobile calls plan at Rs 149

New Delhi: After Reliance Jio announced the extension of free voice call and data services till March, the Bharat Sanchar Nigam Limited (BSNL) said that it will soon provide its....

RBI expected to cut interest rate on Wednesday

Mumbai: Expectations are high of an interest rate cut by the RBI when it announces its bi-monthly monetary policy review on Wednesday, as banks are flush with funds following the....

Demonetisation to hurt economy in long term: Experts

New Delhi: The demonetisation move was going "to damage the economy in long term" and cash-less digital payment system "may not be helpful as being thought", experts said on Monday.....

Yes Bank partners with Ola to set up mobile ATMs

New Delhi: Yes Bank on Monday announced a partnership with cab aggregator Ola to set up mobile ATMs and enable convenient cash withdrawals by swiping debit cards from any bank.....

KPMG, Microsoft join hands to boost digital transformation

New Delhi: KPMG and Microsoft India on Monday announced a strategic Internet of Things (IoT) Advisory partnership to accelerate the digital transformation of large and mid-market enterprises in the country.....

Flipkart founders named ‘Asians of the Year’

Bengaluru: Sachin Bansal and Binny Bansal, founders of Flipkart, have been jointly named "Asian of the Year 2016" by Singapore-based newspaper The Straits Times as part of a group called....

Dubai Crocodile Park to open next year-end

Dubai: The Dubai Crocodile Park project is 43% complete and will open at the end of next year, said Juma Al Fuqae, Director of Property Management Department and Vice Chairman....

Twitter hires Keith Coleman as Vice-President of product

New York: Twitter has acquired 'Yes', a consumer mobile app startup and made its CEO the Vice-President of Twitter product.   According to a report in REDCODE on Thursday, Keith....

Reliance Jio introduces Happy New Year Offer; free data, apps extended till March 31

New Delhi: Reliance Chairperson Mukesh Ambani during his address to stakeholders on Thursday announced the ‘Jio Happy New Year Offer’.    During the press conference Mukesh Ambani announced, "The existing....