Business news

Idea-Vodafone to sell tower business to ATC for Rs 7,850 crore

The telcos had announced their merger in March and post-merger, it will be the largest mobile operator in the country in terms of user base.

Nov 13, 2017

paytm, freecharge, paytm to acquire freecharge, snapdeal acquires freecharge, indian fintech companies, digital payments, digital wallet

After launching inbox, Paytm gears up to buy daily deal sites Nearbuy and Little

Digital payments platform Paytm is gearing up to purchase Nearbuy and Little in a deal pegged at $30 million.

Nov 13, 2017

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

RBI not to pursue proposal to introduce Islamic banking in India

Islamic or Sharia banking is a system of finance in which interest is not charged.

Nov 12, 2017

Air India gets Rs 1,500-cr loan from Bank of India for working capital requirement

The disinvestment-bound national airline is facing some serious headwinds with only IndiGo showing interest in buying the international business of the carrier that has a huge debt in its book and also roadblocks in selling non-core assets.

Nov 12, 2017

amitabh kant, niti aayog ceo amitabh kant, digital india, indian economy, cashless transactions

Debit, credit cards, ATMs will be redundant in next 4 years: Niti Aayog CEO Amitabh Kant

India is the only country in the world with billion biometrics and as many mobile phones and bank accounts and therefore, in future, it will be the only nation which will make a lot of disruptions.

Nov 12, 2017

layoffs, layoffs at it companies, it hiring, it recruitment, layoffs at wipro, layoffs at infosys, layoffs at capgemini, layoffs at cognizant, it stocks, tcs share price, h-1 b visa controversy

IT giant Cognizant offers cash to senior employees instead of stock options to boost buyback program

Cognizant is said to have told its senior managers and associate directors, who received a rating of EA during the appraisals, to take home cash instead of the stocks they are usually offered.

Nov 11, 2017

Who is Debjani Ghosh, the new president of Nasscom?

Ghosh was with Intel since 1996 for 21 years and quit the firm in February 2017. She has been with Nasscom as a member of its Executive Council and a trustee of Nasscom Foundation.

Nov 11, 2017

SBI Q2 net profit drops 37% to Rs 1,581.5 crore due to higher provisions

The bank's asset quality improved on sequential basis post decline in fresh slippages in the second quarter. Gross non-performing assets (NPAs) were narrowed at 9.83 percent in Q2 against 9.97 percent in Q1.

Nov 10, 2017

GST Council lowers rates on several items in 28% slab to 18%; revenue loss of Rs 20,000 crore expected

Items such as chocolate, chewing gum, aftershave, beauty products, powder, detergent and marble was lowered to 18 percent.

Nov 10, 2017

Docomo and Dentsu's subsidiary D2C invests in Gushcloud; sets up office in Japan

Gushcloud represents over 12,000 social media influencers and online content creators, reaching out to more than 600 million fans across eight countries.

Nov 10, 2017

Play

This is how you can fly all you want on a private jet

Surf Air is a new subscription-based commuter airline that offers unlimited flight service for a fixed monthly fee. Members can book a ticket via an app and arrive at a private terminal just 15 minutes before take off. The airline connects passengers across California and recently launched its network in Europe.

Nov 10, 2017

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Business news

Idea-Vodafone to sell tower business to ATC for Rs 7,850 crore

After launching inbox, Paytm gears up to buy daily deal sites Nearbuy and Little

RBI not to pursue proposal to introduce Islamic banking in India

Air India gets Rs 1,500-cr loan from Bank of India for working capital requirement

Debit, credit cards, ATMs will be redundant in next 4 years: Niti Aayog CEO Amitabh Kant

IT giant Cognizant offers cash to senior employees instead of stock options to boost buyback program

Who is Debjani Ghosh, the new president of Nasscom?

SBI Q2 net profit drops 37% to Rs 1,581.5 crore due to higher provisions

GST Council lowers rates on several items in 28% slab to 18%; revenue loss of Rs 20,000 crore expected

Docomo and Dentsu's subsidiary D2C invests in Gushcloud; sets up office in Japan

This is how you can fly all you want on a private jet

Google in talks to acquire Just Dial after snagging Bengaluru-based Halli Labs

Tata Motors Q2 profit jumps three-fold to Rs 2,483 crore

Expect fireworks in digital wallet space: PayPal starts payment services in India

Demonetisation: Here's why RBI has been forced to order 5-year low indent for printing currency notes