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Category: Business & Economics

27 May, 2017

SENSEX HITS RECORD HIGH, NIFTY TOPS 9,500

ZOOMS 448 POINTS TO 30,750 ? The BSE benchmark trumped all closing records by hitting 30,750 with a jump of 448 points — its biggest…

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27 May, 2017

INFOSYS TO RECRUIT 10,000 AMERICANS

NEW STRATEGY ? Infosys is the largest employer of workers under the US H1-B visa programme for skilled workers . ?…

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20 May, 2017

ALIBABA INJECTS $488 MILLION HEALTH FOOD ASSETS INTO ALI HEALTH

HONG KONG (TIP): Alibaba Health Information Technology Ltd said on Friday controlling shareholder Alibaba Group Holding Ltd would sell HK$3.8 billion ($488.3 million) worth…

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20 May, 2017

Gold edges lower after biggest rally since Brexit vote

LONDON (TIP): Gold eased on Thursday as a bounce in the dollar prompted some buyers to cash in gains after its biggest one-day…

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20 May, 2017

ZOMATO HACKED, DATA OF 17 MILLION USERS STOLEN

PAYMENT INFO SAFE The stolen information contains user email addresses and ‘hashed’ passwords ? No payment information or credit card data has been stolen or…

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20 May, 2017

After 21 yrs, end of road for Chevrolet vehicles in India

GM to stop selling products, focus on exports NEW DELHI (TIP): American auto major General Motors today decided to stop selling…

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20 May, 2017

PAYTM GETS RS 9,079 CRORE IN ITS WALLET FROM SOFTBANK

TO INTRODUCE NEW FINANCIAL PRODUCTS ? The funding will help Paytm expand its soon-to-be launched payments bank operations as well as…

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19 May, 2017

CAT S60 SMARTPHONE: YOUR RUGGED COMPANION THAT CAN ‘SEE IN THE DARK’

NEW DELHI (TIP): If you have Rs 65,000 to splurge on a smartphone, which one will you buy: Apple or Samsung?…

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14 May, 2017

Infosys to layoff employees for ‘non-performance’

Infosys to layoff employees for                      ‘non-performance’ BENGALURU (TIP): Infosys is…

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14 May, 2017

I-T Dept launches new facility to link PAN with Aadhaar

I-T Dept launches new facility to link PAN with Aadhaar NEW DELHI (TIP): The Income Tax Department has launched a new e-facility…

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14 May, 2017

APPLE MAY DROP IPHONE SE PRICE, SELL IPHONE 5S FOR JUST RS 15,000

APPLE MAY DROP IPHONE SE PRICE, SELL IPHONE 5S FOR JUST RS 15,000: REPORT You may soon be able to buy the…

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14 May, 2017

SNAPCHAT’S GROWTH STALLS IN FACEBOOK’S SHADOW IN 1Q REPORT

SNAPCHAT’S GROWTH STALLS IN FACEBOOK’S SHADOW IN 1Q REPORT Facebook has been bent on copying Snapchat ever since the social media giant tried unsuccessfully in…

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5 May, 2017

UK to streamline payments to boost bank competition

LONDON (TIP): Britain's multi-trillion pound system for shuffling payments and cheques will be streamlined under plans announced on Thursday to…

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5 May, 2017

INDIA’S REVENUE RECEIPTS TO HIT RS 30 LAKH CRORE IN 2 YEARS ON INFRA PUSH

NEW DELHI (TIP): An integrated policy is on the anvil to ramp up infrastructure at a time when India’s revenue…

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5 May, 2017

INDIA NOTIFIES PHASED MANUFACTURING PLAN FOR MOBILE PHONES

NEW DELHI (TIP): The Ministry of Electronics and IT has notified phased manufacturing programme to boost indigenous production of mobile…

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5 May, 2017

Uber in US court to fight on possible shutdown of self-driving program

SAN FRANSISCO (TIP): Uber Technologies Inc goes before a U.S. judge on Wednesday to fight for the right to continue…

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5 May, 2017

Euro zone economy outperforms US with robust start to year

BRUSSELS (TIP): The euro zone economy started the year with robust growth that outstripped that of the United States and…

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28 April, 2017

Not Terminating NAFTA, for Now: President Trump

WASHINGTON (TIP): In an apparent reversal of his stated position on NAFTA, U.S. President Donald Trump told the leaders of…

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28 April, 2017

PAY OR GO TO JAIL, SUBRATA TOLD

NEW DELHI (TIP): Embattled Sahara Chief Subrata Roy today appeared before the Supreme Court which extended his parole till June…

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28 April, 2017

Indian-American Investment Banker Avaneesh Krishnamoorthy Charged with Insider Trading

WASHINGTON (TIP): Indian-American Avaneesh Krishnamoorthy has been charged with insider trading by the Securities and Exchange Commission (SEC). Avaneesh Krishnamoorthy,…

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22 April, 2017

TATAS, ITC TO BATTLE IT OUT FOR DELHI’S TAJ MANSINGH

MUMBAI/KOLKATA (TIP): The Supreme Court's order allowing e-auction of Taj Mansingh has paved the way for a fierce takeover battle…

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22 April, 2017

Future Group to sell its private labels through e-tail rivals

MUMBAI (TIP): Future Group will sell its labels on rival online platforms Amazon and Big Basket as part of its…

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21 April, 2017

House panel summons RBI’s Urjit Patel over note ban after Manmohan’s prod

NEW DELHI (TIP): Reserve Bank of India (RBI) governor Urjit Patel has been asked by a parliamentary panel to appear…

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21 April, 2017

IT firms may face layoffs due to US visa curbs: Report

NEW DELHI (TIP): With the US tightening the norms for H-1B visas under the President Donald Trump’s ‘Buy American, Hire…

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21 April, 2017

Wipro sacks at least 600 employees after performance appraisal

NEW DELHI (TIP): The country’s third largest software services firm Wipro is learnt to have fired hundreds of employees as…

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21 April, 2017

Trump signs executive order on H1B visa review

WASHINGTON (TIP): US President Donald Trump on Tuesday, April 18, ordered federal agencies to look at tightening the H1B visa…

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18 April, 2017

Vijay Mallya arrested in London by Scotland Yard

NEW DELHI: Business tycoon Vijay Mallya, the boss of the now defunct Kingfisher Airlines, owes Rs 9,081 crore to a…

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14 April, 2017

INDIA’S RETAIL INFLATION INCHES UP TO 3.8% IN MARCH ON FESTIVAL DEMAND

NEW DELHI (TIP): Rise in the prices of sugar, confectionary, snacks and fruits pushed up India’s consumer price inflation (CPI)…

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14 April, 2017

NO SELF-CERTIFICATION? ACCOUNTS USED FOR OVERSEAS TRANSACTIONS TO BE BLOCKED

NEW DELHI (TIP): Bank accounts used for transfer of funds to and from other nations will have to provide additional…

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9 April, 2017

Wells Fargo adds Axis Bank to Express Send remittance network in India

NEW YORK (TIP): Wells Fargo & Company (NYSE: WFC) recently announced that it has added more than 2,500 Axis Bank…

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