Business news

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Jaguar Land Rover sales up 16% in FY2017

In 2016-17, Jaguar Land Rover (JLR) sold 604,009 cars as against 521,571 units sold in the preceding fiscal.

Apr 8, 2017

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Mahindra electric cars poised to get a boost from Ola

The boost for Mahindra electric cars is expected to come from cab-hailing company Ola and urban transport service Lithium Urban Technologies.

Apr 8, 2017

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Cab hailing services: Ola ramps up electric vehicles push in India

The company will also invest in setting up charging stations in the pilot cities, says chief executive Bhavish Aggarwal.

Apr 8, 2017

Einride's self-driving electric vehicle T-Pod

This futuristic transportation system may end the supply chain industry as we know it

Einride's T-Pod is a self-driving carbon-neutral electric vehicle designed to control several trucks remotely by a single person.

Apr 7, 2017

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Reliance Communications lays off 800 employees: Report

Falling revenues and margins are forcing Anil Ambani's Reliance Communications to take drastic steps such as laying off employees.

Apr 7, 2017

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SBI bad loans balloon, post-merger provisioning likely to spike

SBI's five associate banks reported a 172.8 percent increase in gross NPAs at Rs 55,164 crore in the December 2016 quarter.

Apr 7, 2017

The Pink Star diamond ring: The most expensive jewellery in the world

The worlds most expensive gemstone, The Pink Star, was auctioned at a whopping $71.2m (£57m) in Hong Kong. The 59.6-carat gem is the largest pink diamond ever auctioned, which doubles the size of the runner up the Graff Pink.

Apr 7, 2017

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Bad news for Jio users: Reliance Jio Summer Surprise offer withdrawn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