Business news

Police warn of increasing threat of sextortion from foreign criminal gangs

There has been a dramatic rise in the number of victims falling prey to criminal gangs who dupe individuals into persuading them to perform sexual acts online, that are then filmed and used as a form of blackmail. Police say they have been alarmed by the rise in so-called sextortion, where the victim is forced to hand over money in in order to keep the material private, particularly due to the number of suicides linked to the crime. Those most vulnerable to sextortion are younger people and the elderly, police say, and they are urging the public to be vigilant.

Nov 30, 2016

Rare Black Death ‘plague pit’ discovered at 14th-century abbey

This extremely rare discovery suggests the community was overwhelmed by the Black Death.

Nov 30, 2016

Aditya Puri slams analysts, economists for predicting GDP will fall after note ban

Admitting that there is bound to be a "temporary aberration", Puri said the move was necessary to root out counterfeit notes from the country.

Nov 30, 2016

World Aids Day 2016: HIV in numbers

Since that start of the Aids epidemic, 78 million people have become infected with HIV. Of those, 35 million have died from Aids-related illnesses.

Nov 30, 2016

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This is what happens to your old Rs 500, Rs 1,000 demonetised notes

Read on to know where does the demonetised currency go and what happens to it.

Nov 30, 2016

Maharashtra, AP and Telangana competing to woo Elon Musk for Tesla Gigafactory

Their chief ministers are competing to offer lucrative opportunities such as SEZs, port access and other concessions.

Nov 30, 2016

rbi rule deposit of rs 5000 more than demonetisation modi govt currency ban

RBI puts cap on withdrawals from Jan Dhan accounts

In a bid to protect rural people from being used for any money laundering activity, the central bank has put a withdrawal limit of Rs 10,000 per month.

Nov 30, 2016

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Ratan Tata's half-brother Noel Tata may become the next Tata Sons chairman

Noel has emerged as the top pick among other internal candidates TCS CEO N Chandrasekaran and Jaguar Land Rover CEO Ralf Speth.

Nov 30, 2016

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Demonetisation: Advance salary, prepaid cards by employers to beat cash crunch blues

Digital and advance payments of salary are the major ways in which employers are making payouts to employees.

Nov 30, 2016

Sensex jumps over 100 points ahead of GDP data; ICICI Bank, Maruti stocks spurt

The rallying is said to be due to domestic institutional investors amid expectations of positive GDP data to be released later in the day.

Nov 30, 2016

Marico retail shops retail stores retail showroom FMCG

GST rollout to be another disruptor after demonetisation: Marico

The chairman of the domestic FMCG firm said the government is trying to do many things within a short period of time.

Nov 30, 2016

Fiat Chrysler heir fakes kidnapping with transgender escort for drug money

He had a "two-day drugs and alcohol bender with an escort" and when he needed cash to buy drugs he decided to fake his own kidnapping.

Nov 30, 2016

Oil prices edge up in nervous trading ahead of OPEC meeting

Iran and Iraq are resisting pressure from Saudi Arabia to curtail production, making it hard for the group to reach a deal.

Nov 30, 2016

Morgan Stanley cuts Flipkart's valuation for the fourth time in 9 months

Morgan Stanley's mutual fund marked down the valuation of Flipkart by 32.8 percent at $5.54 billion.

Nov 30, 2016

Apple Campus 2: Drone video of spectacular Spaceship HQ

A new drone video has been released showing that Apples new headquarters, Campus 2, is nearing completion. The drone video from David Sexton shows the huge size of the spaceship building in Cupertino, California, where 12,000 employees will work once they move in early 2017.

Nov 29, 2016