Business news

New iPhone '5' May Support NFC Chip; Is Apple Ready To Release The iWallet?

Fintech startups on radar as digital economy takes shape

Startups working on financial transaction space are likely to get more attention from private equity players in coming days.

Dec 1, 2016

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Jewellery bought from disclosed income, inherited not to be taxed: Govt

Government Thursday clarified that amended Income Tax bill passed by Lok Sabha has no provision to impose tax on legitimate holdings of jewellery.

Dec 1, 2016

Air India Express records profit of Rs 415 crore in April-September period

The carrier's reported revenue of Rs 1,897 crore during the first six months of the present fiscal.

Dec 1, 2016

Delhi High Court quashes govt's ban on 344 fixed dose combination drugs

In March, the government had banned these combination drugs following a report that deemed they lacked therapeutic efficacy.

Dec 1, 2016

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Short-term debt funds better placed post CRR move: Fund managers

After RBI's new CRR norm, fund houses have witnessed huge outflows from debt funds, especially from liquid funds, in the recent past.

Dec 1, 2016

Jio users' reliance on Wi-Fi is lowest across globe

Reliance Jio Payments Bank was formed within days of demonetisation: Report

Reliance Industries Ltd. joined hands with State Bank of India to form Reliance Jio Payments Bank on November 10.

Dec 1, 2016

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How Sensex, gold, silver, rupee moved in demonetisation-hit November

The note ban decision by PM Narendra Modi on November 8 threw stock, currency and gold markets off-guard.

Dec 1, 2016

Nusli Wadia to proceed with defamation lawsuit against Tata Sons

Wadia says he will proceed with the lawsuit as Tata Sons has failed to justify its allegations against him.

Dec 1, 2016

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Vodafone Foundation helps save mothers’ and children’s lives in one of the world’s worst HIV hotspots

Maboe, 43, and her son Motsamai, 6, are HIV positive. They now receive regular treatment close to home through the Vodafone Foundations mobile treatment programme in Lesotho. The programme combines Vodafone’s M-Pesa mobile money service with travelling clinics and a smartphone app which enables the tracking of patients in remote areas. The Vodafone Foundations travelling clinics use a fleet of 4 x 4 vehicles to provide on-site HIV testing in remote areas as part of a wider effort to provide basic primary healthcare.

Dec 1, 2016

Demonetisation to pour cold water on Monte Carlo Fashions during peak season

The October-December quarter accounts for almost 55 percent of total revenues for Monte Carlo Fashions; demonetisation is bad news.

Dec 1, 2016

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Demonetisation keeps markets in 'wait and watch' mode

September quarter GDP figure of 7.3 percent didn't calm nerves of investors, who remained concerned over the impact of note ban on growth figures.

Dec 1, 2016

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OPEC's decision to cap output is negative for India

Crude oil prices rose almost 10 percent on Wednesday after OPEC agreed to cut output by 1.2 million barrels a day; it's bad news for India.

Dec 1, 2016

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Domestic car sales: Maruti Suzuki, Toyota Kirloskar Motor volumes rise in November; Mahindra reports sharp fall

Maruti Suzuki, Toyota Kirloskar Motor and Mahindra release volume sales data for November, the first month of demonetisation.

Dec 1, 2016

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Sensex, Nifty to gain on December 1 over likely bullish OPEC outcome, Q2 GDP growth data

On Wednesday, crude oil prices crossed $50 per barrel during OPEC meeting; India's GDP growth rate for Q2 came in at 7.3 percent.

Nov 30, 2016

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Police warn of increasing threat of sextortion from foreign criminal gangs

There has been a dramatic rise in the number of victims falling prey to criminal gangs who dupe individuals into persuading them to perform sexual acts online, that are then filmed and used as a form of blackmail. Police say they have been alarmed by the rise in so-called sextortion, where the victim is forced to hand over money in in order to keep the material private, particularly due to the number of suicides linked to the crime. Those most vulnerable to sextortion are younger people and the elderly, police say, and they are urging the public to be vigilant.

Nov 30, 2016

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