Business news

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New PAN Card Rule for Jewellery Purchases May Lead to Job Losses

The government's proposal to make PAN card mandatory for jewellery purchases above ₹ 1 lakh in cash may lead to contraction in the industry and result in job losses in the sector, says Titan Company MD Bhaskar Bhat.

Apr 11, 2015

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Why Gold is Not a Good Bet This Year

Investors looking to buy gold at current levels should maintain some caution, as many analysts predict the metal prices to head lower by year-end before seeing a recovery from next year.

Apr 11, 2015

Xiaomi Faces Threat from Counterfeits

Revenue loss to Xiaomi as a result of counterfeits to Mi Power Bank is estimated at $115 million.

Apr 11, 2015

Flipkart Big App Shopping Days Sale Begins: Best Deals And Offers On Mobiles And Other Electronics

Flipkart, Snapdeal May Step Back on Discount Offers

The total losses incurred by online retailers as a result of discounts currently stand at almost ₹1,000 crore, says report.

Apr 10, 2015

Shoppers flock to try on the Apple Watch

Consumers in Australia, Tokyo and China flocked to Apple retail stores 10 April to get the worlds first up-close look at CEO Tim Cooks first new major product, which the tech giant expects will be its next runaway hit.

Apr 10, 2015

LinkedIn Forays into Online Education Services, Buys lynda.com

Billed as the largest acquisition by Linkedin since its inception, the company will pay 52% in cash and 48% in stock for the deal.

Apr 10, 2015

Snapdeal Acquires Mobile Recharge Platform FreeCharge, Expands Service Offerings

The Delhi-based e-retailer is reported to have paid ₹2,800 crore ($450 million) in cash and stock to acquire FreeCharge.

Apr 9, 2015

How a Strong Dollar is Affecting Non-US Business of Indian IT Companies

The dollar's rally against its major counterparts is hurting revenues of domestic software services firms in the non-US markets such as Europe, where the demand is already slowing due to sagging economy.

Apr 9, 2015

Arun Jaitley Says Passing of Land Bill will Benefit 30 Crore Landless People

Earlier in the day, Prime Minister Narendra Modi launched a bank with a corpus of Rs 20,000 crore.

Apr 8, 2015

40% of French flights cancelled by air traffic control strike

Easter holiday plans were hit by a strike of French air traffic controllers on 8 April as 40 percent of flights were cancelled in a dispute over working conditions.

Apr 8, 2015

40% of French flights cancelled by air traffic control strike

Easter holiday plans were hit by a strike of French air traffic controllers on 8 April as 40 percent of flights were cancelled in a dispute over working conditions.

Apr 8, 2015