Business news

Air India gets Rs 1,500-cr loan from Bank of India for working capital requirement

The disinvestment-bound national airline is facing some serious headwinds with only IndiGo showing interest in buying the international business of the carrier that has a huge debt in its book and also roadblocks in selling non-core assets.

Nov 12, 2017

amitabh kant, niti aayog ceo amitabh kant, digital india, indian economy, cashless transactions

Debit, credit cards, ATMs will be redundant in next 4 years: Niti Aayog CEO Amitabh Kant

India is the only country in the world with billion biometrics and as many mobile phones and bank accounts and therefore, in future, it will be the only nation which will make a lot of disruptions.

Nov 12, 2017

layoffs, layoffs at it companies, it hiring, it recruitment, layoffs at wipro, layoffs at infosys, layoffs at capgemini, layoffs at cognizant, it stocks, tcs share price, h-1 b visa controversy

IT giant Cognizant offers cash to senior employees instead of stock options to boost buyback program

Cognizant is said to have told its senior managers and associate directors, who received a rating of EA during the appraisals, to take home cash instead of the stocks they are usually offered.

Nov 11, 2017

Who is Debjani Ghosh, the new president of Nasscom?

Ghosh was with Intel since 1996 for 21 years and quit the firm in February 2017. She has been with Nasscom as a member of its Executive Council and a trustee of Nasscom Foundation.

Nov 11, 2017

SBI Q2 net profit drops 37% to Rs 1,581.5 crore due to higher provisions

The bank's asset quality improved on sequential basis post decline in fresh slippages in the second quarter. Gross non-performing assets (NPAs) were narrowed at 9.83 percent in Q2 against 9.97 percent in Q1.

Nov 10, 2017

GST Council lowers rates on several items in 28% slab to 18%; revenue loss of Rs 20,000 crore expected

Items such as chocolate, chewing gum, aftershave, beauty products, powder, detergent and marble was lowered to 18 percent.

Nov 10, 2017

Docomo and Dentsu's subsidiary D2C invests in Gushcloud; sets up office in Japan

Gushcloud represents over 12,000 social media influencers and online content creators, reaching out to more than 600 million fans across eight countries.

Nov 10, 2017

Play

This is how you can fly all you want on a private jet

Surf Air is a new subscription-based commuter airline that offers unlimited flight service for a fixed monthly fee. Members can book a ticket via an app and arrive at a private terminal just 15 minutes before take off. The airline connects passengers across California and recently launched its network in Europe.

Nov 10, 2017

Google in talks to acquire Just Dial after snagging Bengaluru-based Halli Labs

Google is now in talks to acquire Indian search engine firm Just Dial, and in case the deal works out, Google will get access to Just Dial's database of about 20 million listings.

Nov 10, 2017

Tata Motors Q2 profit jumps three-fold to Rs 2,483 crore

However, on a standalone basis (domestic business), the company made a loss of Rs 266 crore for the quarter on review.

Nov 9, 2017

PayPal valued at about $52bn in market return

Expect fireworks in digital wallet space: PayPal starts payment services in India

The firm has not yet decided on the launch of it payment wallet in India. In future, it is willing to offer other products like working capital to micro, small and medium enterprises (MSMEs) and consumer credit.

Nov 9, 2017

Demonetisation: Here's why RBI has been forced to order 5-year low indent for printing currency notes

The pile-up of old Rs 500 and Rs 1,000 notes, returned after demonetisation, have blocked most of the space in RBI vaults and currency chests.

Nov 9, 2017

Infosys hasn't got itself a CEO just yet as Ashok Vemuri reveals he has no plans to leave Conduent

Putting all speculations of moving to Infosys to rest, Ashok Vemuri said that he plans to build Conduent as its CEO for the next few years and revealed that he had no plans to leave.

Nov 9, 2017

Interview: We are willing to bring technology to India, says Amit Chopra, COO of Digital Domain

Visual effect and immersive experiences company Digital Domain opens its first studio in India. "We are willing to bring technology to India," says its COO Amit Chopra.

Nov 8, 2017

paytm, freecharge, paytm to acquire freecharge, snapdeal acquires freecharge, indian fintech companies, digital payments, digital wallet

Demonetisation anniversary: The 'watershed moment' for Paytm and how m-wallet firm struck gold overnight

The firm reported a 200 percent increase in downloads and a 10-fold spike in the addition of money in the wallet right on the night of demonetisation.

Nov 8, 2017

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