Business news

Revv launches OPEN self-drive car rental service in metros

The startup's offer of new self-drive cars for up to 48 months for a monthly subscription promises a shakeup in personal mobility space.

Nov 29, 2018

Asia stocks advance, dollar struggles on signs of more cautious Fed

Gains in Asia were tempered by investor jitters ahead of high-stakes trade talks between US President Donald Trump and his Chinese counterpart Xi Jinping on Saturday on the sidelines of the G20 summit in Argentina.

Nov 29, 2018

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TRAI pulls up Airtel and Vodafone Idea for minimum recharge plans

Telecom companies are exploring new ways of boosting their average revenue per user (ARPU) which had taken a hit due to price war triggered by the new entrant, Reliance Jio Infocomm Ltd. in the telecom sector

Nov 28, 2018

Amazon Web Services to help skilled students find Cloud computing jobs

Another tool called "Interview Accelerator" in "AWS Educate" will help candidates advance through the job application process faster.

Nov 28, 2018

Battle for India's e-commerce market: Amazon India beats Flipkart for the first time in gross sales

However, the report revealed that Flipkart has an edge over Amazon when it comes to revenues.

Nov 28, 2018

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Urjit Patel's stand on RBI reserves may cause more friction with Modi govt

RBI thinks entire current reserves are necessary to help nation weather global uncertainties while FinMin wants part of the funds released to ease liquidity

Nov 28, 2018

IKEA India yet to start online sales but products are on sale on Amazon, Flipkart

IKEA products like chairs, stools, saucepan sets, artificial potted plant, multipurpose containers, cutleries and others are currently being offered on popular e-commerce websites. However, these are not sold directly by IKEA.

Nov 28, 2018

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Jet Airways shares zoom as hopes soar Naresh Goyal would sell controlling stake

Reports had emerged on Monday that chairman Goyal was willing to cut his equity stake in Jet to as low as 15 percent in order to prevent the carrier going belly up.

Nov 28, 2018

Nestle close to acquiring Horlicks from GSK India

A deal for the children's malt-based health drink brand will extend the Swiss giant's dominance in India's processed food market.

Nov 28, 2018

Moody's downgrades Yes Bank ratings amid leadership transition, governance issues

Moody said that developments could constrain the bank's ability to raise new capital.

Nov 28, 2018

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Alibaba's Jack Ma is a Communist Party member, reveals China state paper

Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China's best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached.

Nov 27, 2018

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GST rate cut benefits: Jump in complaints against FMCG firms

The increase in a number of complaints highlights the challenges faced by the manufacturers to ensure that the cost of products in their basket is reduced in accordance with the GST rate cuts.

Nov 27, 2018

Retaining talent: Infosys doubles pay for 'skilled up' employees

The programmes are for Infosys employees associated with the company for more than three years to stop them from moving to another company or pursue higher studies.

Nov 27, 2018

Govt-RBI tussle is far from over; turf war could spill over at Dec 14 meeting

A Bloomberg report says the government nominees on the board will ask RBI to take steps to prevent banks from accumulating bad loans rather than penalise them after the fact.

Nov 27, 2018