Business news

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Bad news for Jio users: Reliance Jio Summer Surprise offer withdrawn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

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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

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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

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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

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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

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

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Sensex, Nifty close at record high

The BSE Sensex closed 64 points higher at 29,974 while the NSE Nifty ended at 9,265, up 27 points.

Apr 5, 2017

Piling backlog to offset Gujarat plant advantage, long waiting period for Maruti Suzuki cars to continue

Maruti Suzuki is yet to deliver about 130,000 to 140,000 cars for customers.

Apr 4, 2017

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Two-wheeler-makers report mixed results in volume sales despite discount-driven BS III push

With the ban on sale of BS III vehicles kicking in from April 1, companies disposed off old vehicles by offering huge discounts.

Apr 4, 2017

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Mahesh Kumar Jain appointed as Managing Director & CEO of IDBI Bank

Earlier, he was the Managing Director & Chief Executive Officer of Indian Bank.

Apr 4, 2017

Powered by Tiago and Tigor, Tata Motors' Sanand plant to touch 100% production soon

Tata Motors plan to produce around 10,000-12,000 cars per month that include Tiago, Tigor and Nano.

Apr 4, 2017

Footage shows people escaping train carriage minutes after St Petersburg blast

A video, filmed minutes after a blast at St Petersburg metro station in Russia, shows people escaping the train carriage, with some lying injured on the platform. At least 11 people were killed and 45 others injured after an explosion rocked the subway on 3 April. An anti-terror investigation has been launched but other possible causes are also being investigated. Russian Prime Minister Dmitry Medvedev has described the explosion as a terrorist attack.

Apr 4, 2017

New explanation for why fertility declines with age emerges

Researchers at the University of Montreal Hospital Research Center (CRCHUM) have discovered a possible new explanation for female infertility. Age-related female infertility is explained by a defect in the choreography of chromosome sharing during cell division in eggs before they are fertilised. This video shows chromosome segregation in mouse eggs. The spindle is labelled in green while the chromosomes are labelled in red.

Apr 3, 2017

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SoftBank pulls out of Snapdeal funding round: Report

Indian e-commerce company Snapdeal is planning to raise around $200 million but SoftBank is apparently not keen on participating.

Apr 3, 2017

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Business news

Uber takes $18 billion hit in mock funding round

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

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

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

PayU India launches online deferral payment facility 'LazyPay'

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

How Putin has gained power from terrorism in Russia

Sensex, Nifty close at record high

Piling backlog to offset Gujarat plant advantage, long waiting period for Maruti Suzuki cars to continue

Two-wheeler-makers report mixed results in volume sales despite discount-driven BS III push

Mahesh Kumar Jain appointed as Managing Director & CEO of IDBI Bank

Powered by Tiago and Tigor, Tata Motors' Sanand plant to touch 100% production soon

Footage shows people escaping train carriage minutes after St Petersburg blast

New explanation for why fertility declines with age emerges

SoftBank pulls out of Snapdeal funding round: Report

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]