Business news

Coinsecure bitcoin theft: Exchange announces Rs 2 crore reward

Indian cryptocurrency exchange Coinsecure announces 2 crore reward to recover lost bitcoins and promises refund in 15 days to the investors.

Apr 14, 2018

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Markets weekahead: Infosys, Fed speeches, Inflation data, Earnings

The Indian markets will focus on political and trade tensions in the U.S., reaction to Infosys results, macro-economic data and a slew of Fed speeches in the coming week.

Apr 14, 2018

Infosys Q4 results: Profit falls 28%

Infosys reported a 28 percent sequential fall in net profit to Rs 3,690 crore in the fourth-quarter results (ended on March 31) Friday.

Apr 13, 2018

H1-B visa applications down again but way more than annual cap

The U.S. Citizenship and Immigration Services received 190,098 H-1B petitions during the filing period, down from 199,000 applications in 2017.

Apr 13, 2018

Overseas money transfer: RBI to monitor remittance under LRS

The Reserve Bank of India has tightened its regulation norms on Liberalised Remittance Scheme under which an individual can transfer up to $2,50,000 abroad in a year.

Apr 13, 2018

Amazon smartphone deals: Big discounts planned to woo Flipkart customers

As Flipkart bagged close to 51 percent of online smartphone sales last year, Amazon plans to cut prices and increase spending to increase its market share.

Apr 13, 2018

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Bitcoins worth Rs 20 crore stolen from Indian cryptocurrency exchange Coinsecure

According to Coinsecure, the funds were lost while their CSO Amitabh Saxena was extracting Bitcoin Gold to distribute to their customers.

Apr 13, 2018

Bitcoin is more likely to drop to $100 than to hit $100,000 over the next 10 years

Bitcoin soars most since December: Are bulls back in the game?

The world's largest cryptocurrency climbed 12 percent as of 8 a.m. India time, piercing both the $7,000 and the $8,000 levels in the previous session.

Apr 13, 2018

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Bandhan Bank joins the club of top 50 most valuable Indian companies

Bandhan Bank, with a market capitalization of Rs 640 billion, reached the 50th rank for the first time ever since its listing Thursday.

Apr 12, 2018

Beds in cargo holds: Airbus offers extra comfort in long-distance flights

The European planemaker has partnered with France's Zodiac Aerospace to create cargo sleeper berths for Airbus A330 jets.

Apr 12, 2018

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IDBI Bank shares fall over 3% after RBI levies Rs 3 crore fine

The RBI's penalty will not have any material impact on the bank, IDBI stated in a filing to the Bombay Stock Exchange. But the bank's shares slipped to a one-week low.

Apr 12, 2018

Despite too much debt, Air India still attractive to foreign bidders

Acquiring Air India will help foreign carriers compete with fast-growing domestic rivals like Spicejet and IndiGo.

Apr 12, 2018

Bitcoin, Ethereum are types of cryptocurrencies available

What is bitcoin worth? Barclays has an answer to that

The Barclays model divides the pool of potential bitcoin investors into three groups: susceptible, infected and immune.

Apr 12, 2018

Once-surging crypto stocks face delisting: Is bitcoin mania over?

With bitcoin prices on a decline, the fun seems to be coming to an end for many of the stocks, which have lost steam in recent months.

Apr 12, 2018

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Gold price touches one-week high amid geopolitical tensions

Geopolitical tensions and the US inflation data had an impact on traders' sentiments, resulting in an increase in the demand for the safe-haven metal in the global market.

Apr 11, 2018