Business news

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

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

Pakistan stock exchange sees a rise as nation awaits election results

The stock exchange saw a rise to 42,106 points in early trade as Imran Khan's Pakistan Tehreek-e-Insaf (PTI) surged ahead in early poll results.

Jul 26, 2018

Foreign bond investors shun India, blame RBI's lack of reassurance

Total returns on Indian bonds this year are negative 4 percent, one of the worst in Asia after outperforming last year.

Jul 26, 2018

Cash-on-Delivery deals may be illegal: RBI

The RBI has noted that the CoD option is not permissible as it is not in compliance with the Payments and Settlements Systems (PSS) Act, 2007.

Jul 26, 2018

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Business news

Karnataka overtakes Tamil Nadu in producing renewable energy

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

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

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

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

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

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

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

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

E-commerce giants, cotton industry hit by truck strike

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

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

Pakistan stock exchange sees a rise as nation awaits election results

Foreign bond investors shun India, blame RBI's lack of reassurance

Cash-on-Delivery deals may be illegal: RBI

Karnataka govt fixes ICU, ward charges for COVID treatment in private hospitals [check rates]

Thousands of unused ventilators gather dust across India as COVID bodies pile up [shocking details]

In new twist, BJP MLA's name crops up in BBMP bed scam; Cong, AAP seek arrest