Business news

Banks, lessors serve default notices to debt-ridden Air India

The country's national carrier has failed to generate enough profits to cover the interest it has to pay on its whopping Rs. 466.69 billion debt.

Jul 30, 2018

Probe into Chanda Kochhar debacle widens as ICICI reviews past loans

ICICI Bank is reviewing all the loans from last five years and plans to revamp its processes and correct all the loopholes.

Jul 30, 2018

Hackers deposit Re 1 in TRAI chief's bank account as Aadhaar dare backfires

In an audacious attempt on Saturday, TRAI chairman RS Sharma, an ardent supporter of this biometric service, shared his Aadhaar number on Twitter challenging anyone to leak his personal data.

Jul 30, 2018

Karnataka overtakes Tamil Nadu in producing renewable energy

Karnataka is producing more renewable energy than European countries like the Netherlands and Denmark which generates around 7.7 GW of renewable energy.

Jul 29, 2018

TRAI chief discloses Aadhaar number as Twitter dare; users dig up personal data right away

Being the chairman of a regulatory body, much of RS Sharma information is already out in public domain. The Telecom Regulatory Authority of India is yet to make an official comment on the authenticity of his personal details shared by Twitter users.

Jul 29, 2018

In a first, New York aims to curb Uber and other taxi services

New York City is attempting to be the first to cap ride-hailing services, in a move that has not gone down well with companies and commuters.

Jul 29, 2018

In a first, Amazon's international losses shrink since 2016

Amazon's international losses for the June quarter were $494 million, a fall of 31 percent as against $724 million in the same quarter of last year.

Jul 28, 2018

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Data privacy: Srikrishna panel backs 'explicit' consent for sensitive data; penalties for violation

The committee which was set up in 2017 to recommend a legislative framework for data privacy submitted its report to the Union minister for law and justice, and electronics and Information Technology, Ravi Shankar Prasad.

Jul 28, 2018

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HCL on the rise, takes over Wipro as third largest IT firm

HCL reported Rs 2,431 crore in net profit for Q1, and overtook Wipro in terms of dollar revenue, clocking $2.05 billion, as compared to Wipro's $2.02 billion.

Jul 28, 2018

Crippled by bad loans, ICICI posts first ever loss in 16 years

Hurt by higher provisions for bad loans and bond losses, as well as the ongoing investigation into former Chief Executive Chanda Kochhar, ICICI Bank posted its first loss in 16 years, reporting Rs 1.2 billion in losses for the first fiscal quarter.

Jul 28, 2018

Domino's takes a slice of GST cuts, deprives customers of benefit

Anti-profiteering authorities are currently investigating the pizza chain for failing to reduce prices of its products and not passing on the cut in GST rates to the consumers.

Jul 27, 2018

Food apps ahead of e-commerce giants in paying delivery staff

Swiggy and Zomato have doubled the salaries of delivery executives and they now pay more than e-commerce giants like BigBasket and Flipkart.

Jul 27, 2018

E-commerce giants, cotton industry hit by truck strike

With no end in sight for the strike, the cotton factories are on the verge of closure and vegetable prices are expected to rocket as inventory is dwindling.

Jul 27, 2018

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Last day for filing Income Tax Returns extended to August 31 but there's a catch

The Central Board of Direct Taxes (CBDT) confirmed the extension date for filing Income Tax Returns (ITR). The department has also not mentioned the reason for the change in the deadline.

Jul 26, 2018

Drug-makers to take a hit? Govt may ban 343 'irrational' medicines

The Chandrakant Kokate committee found out that these drugs are irrational and pose health risks, post which the ministry of health and family welfare banned 349 FDCs.

Jul 26, 2018

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