Business news

Illicit funds directed to Vijay Mallya, ED questions close aide

The ED also found that Mallya's dummy companies - Gold Reef Investments Ltd and McDowell Holdings Ltd - support 20 to 25 employees of UB Group.

Jul 30, 2019

Byju Raveendran: Key facts about India's newest billionaire and Byju's founder

Edtech startup founder Byju Raveendran, who has now joined the likes of Sachin Bansal, Binny Bansal,Vijay Shekar Sharma and Nitin Kamath, is a former classroom teacher.

Jul 30, 2019

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SBI tightens lending terms for auto dealerships

The shadow banking crisis that began to unfold in India during mid-2018 has deepened this year.

Jul 30, 2019

Government intervenes to save IndiGo from Jet Airways-like crash landing

All you wanted to know about the trouble in India's biggest airline IndiGo

As largest shareholder Rahul Bhatia is consolidating his hold over the country's largest airline IndiGo, here are the details of his tiff with the second largest shareholder Rakesh Gangwal

Jul 29, 2019

Account Aggregator to make funding seamless in India

The account aggregator will obtain data from multiple service providers and deliver it via consent-based channels to financial information users.

Jul 29, 2019

Amazon plans to buy Uber Eats India business as food delivery action hots up

Amazon also aims to attract more users for the prime membership through the acquisition.

Jul 29, 2019

JLL India sees 17% revenue growth, plans to hire 2,000 more this year

JLL has annual revenue of about $16.3 billion from over 80 countries and has a workforce of about 91,000 employees.

Jul 29, 2019

Bengaluru-based Visionet Systems to hire 800 employees in 6 months

Alok Bansal, the Managing Director, said they are seeing positive growth in India and trying to increase its employee headcount to 2,500 to increase work efficiency.

Jul 28, 2019

Apple puts user privacy first through new ad campaign in India

The campaign scheduled to start in India on July 28 will point out Apple's longstanding focus on the privacy of its consumer data and iPhones.

Jul 28, 2019

GST Council slashes tax rates on electric vehicles, chargers

GST Council has slashed rate for electric vehicle chargers from 18 per cent to 5 per cent to a bid to make the environment-friendly vehicle affordable for the buyers.

Jul 27, 2019

Should we worry if WhatsApp shared payments data with Facebook?

Government is trying to ensure that Mark Zuckerberg's social media platform Facebook does not access data from group entity and chat platform WhatsApp that is set to launch a payments service anytime now.

Jul 27, 2019

Likee to complete 2 years of successful journey in India

Likee mobile app completes its two-year journey in the India market with an overwhelming response from the talented youth in the Indian market.

Jul 26, 2019

Nissan to fire 1,700 employees in India, plans for 12,500 job cuts worldwide

Nissan will be cutting down 1,420 employees from the US, 1,000 in Mexico, 830 in Indonesia and about 880 in Japan as an initiative to improve its efficiency.

Jul 26, 2019

$1 billion for Intel's 5G business, why is Apple crazy about it?

Apple is planning to produce its own 5G cellular modems in the next three years. It acquired the cellular modem production rights from Intel.

Jul 26, 2019

Blackstone fires up Kishore Biyani's Future Group with Rs 1,700 crore capital infusion

As a part of the investment, Blackstone, L Catterton, Premji Invest, L&T Mutual Fund and LIC will be picking up about seven percent shares in Future Group.

Jul 26, 2019