Business news

Facebook faces $1.63 billion fine over data breach that exposed 50 million accounts

In the biggest-ever security breach after Cambridge Analytica scandal, Facebook on Friday admitted hackers broke into nearly 50 million users' accounts by stealing their "access tokens" or digital keys.

Oct 1, 2018

IL&FS Annual General Meeting: Three-pronged strategy to return insolvent

The default of over Rs. 9000 crore by infrastructure company and its subsidiaries have triggered fears across all NBFCs of the country.

Sep 30, 2018

Elon Musk steps down as Tesla chairman; will remain CEO

The businessman has been charged with misleading investors with his tweet in August claiming that he planned on taking Tesla Inc. private for $420 a share. Now, Tesla Inc. and Musk will have to pay $20 million each to financial regulators.

Sep 30, 2018

Apple store theft: 17 arrested for stealing electronics worth $1 million in California

Earlier this week, electronics worth tens of thousands of dollars were stolen from the Palo Alto Apple store in California in less than 12 hours during the iPhone XS launch weekend.

Sep 29, 2018

The new Apple iPhone Xs Max and iPhone X are seen on display at the Apple Store in Manhattan, New York, U.S.,

Amid Apple-Qualcomm spat, US trade judge declines to block iPhone imports

The US International Trade Commission judge said Apple's phones infringed one Qualcomm patent related to power management technology, but denied the chipmaker's request for a ban on the import of some iPhones into the United States.

Sep 29, 2018

Uttar Pradesh: Bank manager arrested for withdrawing Rs 18 lakh from ATM

The manager of Bantikheda village branch was found to be involved in the theft of Rs 18 lakh from an Overseas Bank ATM in Shamli on March 4.

Sep 29, 2018

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Tata Group retains iconic Taj Mansingh hotel in Lutyen's Delhi after NDMC auction

The auction had been pending since the lease expired in 2011.

Sep 29, 2018

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Warren Buffett-led Berkshire Hathaway invests over Rs 21 billion in Paytm

The fresh round of investment has increased Paytm's valuation to Rs 731 billion ($10 billion).

Sep 28, 2018

SBI expects 53% recovery from RBI's first list of 12 stressed accounts

"We have made adequate provisions for this and it will not impact the balance sheet. Our average provisioning for these cases will be around 55 per cent," said State Bank of India (SBI) Managing Director Dinesh Kumar Khara.

Sep 28, 2018

Elon Musk Calls British Diver Who Helped Thai Schoolboys Is A Pedo Guy In Twitter Outburst

Tesla CEO Elon Musk sued for fraud; calls lawsuit unjustified

The lawsuit filed on Thursday in a federal court seeks to bar Musk from serving as an executive or director of publicly traded companies like Tesla.

Sep 28, 2018

Anil Ambani planning to give up control of Reliance Communications?

The company will only own the undersea telecommunications cable system, data centres, and business-to-business connectivity services.

Sep 27, 2018

Import duty hike: From footwear to washing machine, now pay more for these 19 items

The Finance Ministry has hiked import duty in order to curb widening current account deficit (CAD) and a weakening rupee.

Sep 27, 2018

Fresh trouble for Jet Airways employees as the airline defaults on salaries again

The beleaguered airline has requested 10 more days from its employees to clear the balance 25 per cent of the salary dues for the month of August.

Sep 27, 2018

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Indian mutual funds industry outpaces global growth by over 100%

The share of mutual funds in the capital markets through portfolio investment has spiked from 8.5 per cent in 2014 to 18.4 per cent in March.

Sep 27, 2018

Made-in-India Mercedes-Benz GLC rolled out

US to welcome made-in-India Mercedes-Benz GLC soon; a blow to China?

Mercedes-Benz has already started shipments from Chakan plant near Pune and the made-in-India SUVs should reach the US next month. The GLC SUV is one of the bestselling models of Mercedes-Benz in the North American market.

Sep 27, 2018

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Business news

Facebook faces $1.63 billion fine over data breach that exposed 50 million accounts

IL&FS Annual General Meeting: Three-pronged strategy to return insolvent

Elon Musk steps down as Tesla chairman; will remain CEO

Apple store theft: 17 arrested for stealing electronics worth $1 million in California

Amid Apple-Qualcomm spat, US trade judge declines to block iPhone imports

Uttar Pradesh: Bank manager arrested for withdrawing Rs 18 lakh from ATM

Tata Group retains iconic Taj Mansingh hotel in Lutyen's Delhi after NDMC auction

Warren Buffett-led Berkshire Hathaway invests over Rs 21 billion in Paytm

SBI expects 53% recovery from RBI's first list of 12 stressed accounts

Tesla CEO Elon Musk sued for fraud; calls lawsuit unjustified

Anil Ambani planning to give up control of Reliance Communications?

Import duty hike: From footwear to washing machine, now pay more for these 19 items

Fresh trouble for Jet Airways employees as the airline defaults on salaries again

Indian mutual funds industry outpaces global growth by over 100%

US to welcome made-in-India Mercedes-Benz GLC soon; a blow to China?

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]