Business news

Einride's self-driving electric vehicle T-Pod

This futuristic transportation system may end the supply chain industry as we know it

Einride's T-Pod is a self-driving carbon-neutral electric vehicle designed to control several trucks remotely by a single person.

Apr 7, 2017

reliance communications, anil ambani, anil ambani group, adag, telecom sector in india, job losses in india, hiring and firing in india, unemployment in india

Reliance Communications lays off 800 employees: Report

Falling revenues and margins are forcing Anil Ambani's Reliance Communications to take drastic steps such as laying off employees.

Apr 7, 2017

ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra sbi state bank of indi atm

SBI bad loans balloon, post-merger provisioning likely to spike

SBI's five associate banks reported a 172.8 percent increase in gross NPAs at Rs 55,164 crore in the December 2016 quarter.

Apr 7, 2017

Play

The Pink Star diamond ring: The most expensive jewellery in the world

The worlds most expensive gemstone, The Pink Star, was auctioned at a whopping $71.2m (£57m) in Hong Kong. The 59.6-carat gem is the largest pink diamond ever auctioned, which doubles the size of the runner up the Graff Pink.

Apr 7, 2017

uber, uber valuation, uber valuation falls, uber founder Travis Kalanick, uber rival lyft, lyft valuation, ola, cab hailing company grab

Uber takes $18 billion hit in mock funding round

In a survey done by CB Insights, 77 percent of the 3,500 respondents say they won't invest in Uber even at $50 billion valuation, a far cry from $68 billion few months ago.

Apr 7, 2017

Bad news for Jio users: Reliance Jio Summer Surprise offer withdrawn

Mukesh Ambani led Reliance Jio had to withdraw its Summer Surprise offer after Trai advised it to roll back the plan. TRAI had complaints from Jio's competitors Airtel and Vodafone

Apr 6, 2017

pvr, inox leisure, multiplexes in india, kaabil box office collection, badrinath ki dulhania box office collection, raees box office collection, nirmal bang equities

PVR, Inox likely to report upbeat revenues for Q4, says Nirmal Bang analyst

Films such as Raees, Kaabil, Jolly LLB2 and Badrinath ki Dulhania released during March quarter buoyed sales for PVR and Inox.

Apr 6, 2017

zomato, zomato revenues, zomato pornhub ads, zomato cash burn

Zomato revenues rise 80% in FY2017; Deepak Gulati appointed as COO

Food technology start-up grossed $49 million in 2016-17 and managed to cut cash burn by 81 percent YoY to $12 million.

Apr 6, 2017

digital payments, online shopping, digital india, payu india, lazypay

PayU India launches online deferral payment facility 'LazyPay'

It is a product aimed at those who transact digitally for any amount between Rs 500 and 2,500, with an option to pay later.

Apr 6, 2017

infosys, infosys share buyback, infosys share price, infosys management tussle, infosys mohandas pai, infosys vishal sikka, sikka salary

Infosys recognised as a 'leader' in NelsonHall's NEAT report for big data & analytics services

NelsonHall's Vendor Evaluation & Assessment Tool (NEAT) evaluated 13 vendors on two parameters.

Apr 6, 2017

Play

How Putin has gained power from terrorism in Russia

An explosion killed at least 10 people and injured about dozens others in the metro of Saint Petersburg, Russia, on Monday, according to Russian news agencies. Since Vladimir Putin came to power in 1999, Russians have heard about hundreds of terrorist attacks—bombed apartments, cars, buildings, trains, and airplanes. Putin has taken advantage of these so frequently to consolidate his power that people often tend, with no proof, to believe conspiracy theories suggesting the involvement of Russia’s special services or various powerful clans behind the attacks.

Apr 5, 2017