Business

Brace yourself for ads! Indian Railways to make Rs 11,000 crore by putting adverts on train

New Delhi: With the recent announcement that Indian trains will be fully smeared with advertisements, the Indian Railways is all set to cash in more than Rs 11,000 in revenue....

Maggi — India’s 2-minute instant noodle retains top spot in market

New Delhi: After FSSAI imposed a ban last year on India's infamous instant noodle brand, Maggi, for its harmful lead content, Maggi on Tuesday recaptured the noodle market by regaining the....

I was taken out because of performance, says Flipkart co-founder Sachin Bansal

New Delhi: Most of the Flipkart employees who personally suffered due to the downsizing of the company have bitter words to share among themselves about those at the 'top'. But....

Singtel to buy 7.39 per cent stake in Bharti Telecom

New Delhi: Singapore Telecommunications (Singtel) on Thursday said it will pick up 7.39 per cent stake in Bharti Telecom, the holding company of India's largest telecom service provider Bharti Airtel,....

No sacking but redeployment of 3,000 techies says Infosys

Bengaluru: Global software major Infosys Ltd on Wednesday said it will not lay off nearly 3,000 techies after the Royal Bank of Scotland (RBS) cancelled its contract for setting up....

BHEL gets order worth Rs 169 Crore by WBSEDCL

New Delhi: Power equipment maker Bharat Heavy Electricals Limited (BHEL) on Tuesday revealed that it had received an order to setup Solar Photovoltaic (SPV) plants. The cost of the plant....

Tech giant Infosys to sack 3000 employees soon

Bengaluru: Global software major Infosys Ltd. will soon lay off about 3,000 techies since the Royal Bank of Scotland (RBS) has cancelled the contract for setting up a new bank....

Hindi-Hebrew great combo for global start-up ecosystem: Israeli Ambassador

Gurgaon: Hindi and Hebrew are the most spoken languages in Silicon Valley, thus any India-Israel collaboration can create a vibrant ecosystem that will help start-ups to mushroom and thrive the....

Enterprise mobility firm SOTI to invest $12 million in India

New Delhi: Canadian Enterprise Mobility Management (EMM) solutions company SOTI on Thursday announced it will invest $12 million in a state-of-the-art facility in India which will add 300 new jobs....

Gold demand drops 18% due to strike, various regulatory moves

New Delhi: Demand for gold in India for the second quarter dropped by 18% mainly due to high price, jewellers' strike and various regulatory moves by the government, Somasundaram PR,....

LeEco to invest $3 billion in electric car facility

Beijing: Chinese internet and technology conglomerate LeEco on Thursday announced investment of $3 billion in a manufacturing park that will house advanced electric car making unit.   Located in Hangzhou....

Adidas to launch its own retail store in 2017

New Delhi: Adidas India plans to launch its first own retail store in 2017 after getting approval from the Department of Industrial Policy and Promotion (DIPP) to operate fully-owned single-brand....

Independence Day sale: SpiceJet offers base fare starting at Rs 399

New Delhi: SpiceJet on Tuesday launched its Independence Day offer starting at Rs 399. The three-day sale will offer one-way fare as low as Rs 399, excluding taxes and surcharges.....

Raghuram Rajan keeps key rates unchanged in his last monetary policy update

Mumbai: Reserve Bank of India (RBI) Governor Raghuram Rajan kept key policy rates unchanged in his last monetary policy review with little elbow room on account of the country's retail....

Raghuram Rajan to flag last independent monetary policy update

Mumbai: Raghuram Rajan will on Tuesday conduct what will be his last monetary policy update for the Reserve Bank of India (RBI) and also, perhaps, the last that a central....

Volkswagen sets up its IT delivery hub in Pune; invests 3 million euros

Pune: German auto major Volkswagen Group today announced the set up of its IT delivery and support centre in Pune, Volkswagen IT Services India. The company has invested Euro 3....

Trump Taj Mahal casino to shut down after multiple bankruptcies

New Delhi: The Atlantic City casino, Trump Taj Mahal, is shutting down after multiple bankruptcies and years of losses. The casino will shut after Labour Day weekend. The strike by....

CBDT signs advance pricing agreement with Japanese firm

New Delhi: The Central Board of Direct Taxes (CBDT) has entered into an advance pricing agreement (APA) with an Indian subsidiary of a Japanese trading company to foster a non-adversarial....

GE to invest $31 million in Mytrah wind energy project in Andhra Pradesh

Hyderabad: GE Energy Financial Services has agreed to invest $31 million in Mytrah Vayu (Tungabhadra) Private Limited (MVTPL) to support development of 200 MW wind energy project in Andhra Pradesh.....

GST passed — Things that will become more expensive and cheaper

New Delhi: Even though the historic Goods and Services Tax (GST) bill was passed unanimously in the monsoon session of the Parliament on Wednesday, many citizens are concerned about the....

Frequently asked questions related to Goods and Services Tax

With Goods and Services Tax (GST) bill tabled in Rajya Sabha, there are many questions which frequently pop up in the minds of the general consumers. Here is a list....

Bitcoin value crashes through the roof as security breach confirms theft of $60 million

New Delhi: After Hong Kong-based Bitcoin exchange Bitfinex abruptly halted all trading of the virtual money, it was apparent that something grossly inaccurate had occurred. And when the value of....

Gauri Khan to be guest of honour at IREX 2016

New Delhi: Gauri Khan, entrepreneur and wife of Bollywood superstar Shah Rukh Khan, will be guest of honour at the second edition of the International Real Estate Expo (IREX) here.....

Rajesh Thadani is new Lenovo India Consumer Business Head

Bengaluru: Chinese smartphone major Lenovo on Monday announced the appointment of Rajesh Thadani as Head and Executive Director-Consumer, Online and E-commerce, Lenovo India.   In his new role, Thadani will....

HCL Infosystems posts Rs 35.7 cr net loss in first quater

Mumbai: HCL Infosystems said on Saturday that it posted net loss of Rs 35.7 crore for the April-June quarter of 2016-17.   In a regulatory filing to the BSE, the....

Flipkart lays off 700 employees in ‘normal’ course of action

NEW DELHI/BENGALURU: With the start-up bubble beginning to pop, funds have thinned across boards and Pink Slips are becoming more visible among many companies in the e-commerce sector. Online shopping....

Amazon Prime is here! All you need to know about it

  New Delhi: In a bid to rule the e-commerce market, American shopping giant Amazon has launched its prime service in India.    If you are wondering what Amazon Prime....

Rumours suggest that iPhone 7 will be released on September 16

New Delhi: Sparking excited speculations in the smartphone market, one mobile phone leaker has revealed that Apple might announce release of its iPhone 7 as soon as September. Evan Blass,....

Flipkart Ltd acquires Jabong through Myntra; stomps Snapdeal, Future Group

New Delhi: Indian giant e-commerce company Flipkart Ltd has acquired online fashion portal Jabong through Myntra to solidify and expand its reach in the Indian market. Global Fashion Group, a....

Verizon Communications to buy Yahoo for $4.83 billion

New Delhi: Verizon Communications Inc on Monday announced that it has entered into an agreement to purchase US internet firm Yahoo's core business for $4.83 billion in cash, ending a....