Business news

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

Quest for more RBI dividends: Has Modi govt shot itself by firing Subhash Chandra Garg?

Garg, who has sought early retirement after the finance ministry snub, was the fiercest advocate for reducing RBI's cash reserves and transferring more cash dividends to the government.

Jul 26, 2019

PMO asks Finance Minister to re-examine sovereign bond proposal

The PMO has asked the ministry to seek more consultation from stake-holders before proceeding with any plans.

Jul 26, 2019

Anil Ambani's Reliance Naval on verge of bankruptcy; owes Rs 9,399 crore to creditors

Reliance Naval, earlier known as Pipavav Defence & Offshore Engineering, is facing financial crisis under the leadership of the SKIL Group.

Jul 25, 2019

Tata Motors Q1 loss nearly doubles to Rs 3,680 crore, JLR challenges continue

The Mumbai-based company plans to introduce electric variants for all of its JLR models by 2020.

Jul 25, 2019

Ola launches drive to enable sustainable livelihoods for 5 lakh women by 2025

Ola takes initiative to focus on impacting women through economic and social empowerment.

Jul 25, 2019

Boeing reports $2.9 billion loss amid 737 MAX grounding crisis

Since March's Ethiopian Airline crash, Boeing shares have dropped about 14 percent while the broader S&P 500 gained about 10 percent. Boeing shares are now 3.1 percent lower at $361.43.

Jul 25, 2019

Cars24 procures NBFC licence from RBI to offer loans against used cars

Cars24, a used car buying and selling platform, will facilitate vehicle loans to customers as well as finance channel partners to help them expand their businesses.

Jul 25, 2019