Topics: Business

Business

Vodafone, Idea, and Airtel pay over Rs 6,000 crore as spectrum dues, While Jio yet to pay Rs 21.5 crore

Telecom operators Vodafone Idea, Bharti Airtel and Reliance Jio have paid the government about Rs 6,000 crore in spectrum dues slated for March 3,...
Inside

Nissan former chairman Carlos Ghosn says he is innocent and ready for defense

Former Nissan Chairman Carlos Ghosn may leave detention as early as Wednesday, after a Tokyo court approved his release on 1 billion yen ($8.9...
Business

RBI fines ICICI Bank, SBI and 17 other banks for non-compliance use of SWIFT Network

The Reserve Bank of India (RBI) has fined at least 19 lenders, including top banks such as ICICI Bank and State Bank of India,...
Business

Airtel partners with Zoom Video for unified business communications solutions

Telecom operator Bharti Airtel has collaborated with Zoom Video Communications to launch unified communications solution for businesses. The collaboration aims to offer businesses "enhanced agility...
Business

Reliance Industrial Investments to acquire Grab and C-Square info solutions

RIL-arm Reliance Industrial Investments has entered into agreements to acquire logistics services platform Grab and software firm C-Square Info Solutions. Reliance Industries, in a regulatory...
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Business

Pepperfry to invest $12 million, plans to reach more customers this year

Furniture and home products marketplace Pepperfry expects to pump in about $12 million (over Rs 85 crore) this year as it sets up over...
Business

Donald Trump: India is a high tariff country

India is a very high-tariff nation, US President Donald Trump alleged on Saturday, stating that he wants a reciprocal tax or at least some...
Huawei

Huawei plans to pay billions in cash dividends to its shareholding employees

China’s Huawei is set to reward employee shareholders with a 3 percent rise in cash dividends that are worth billions of dollars, according to...
Business

Hero MotoCorp sales decline by 1.96 percent in February

Two-wheeler market leader Hero MotoCorp on Friday reported 1.96 per cent decline in total sales at 6,17,215 units in February. The company had sold...
Business

Biocon appoints Christiane Hamacher as the CEO of Biocon Biologics Ltd

One of India's largest biopharmaceutical company Biocon Limited on Friday announced the appointment of Christiane Hamacher as the CEO of Biocon Biologics India Limited. In...
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Business

Hyundai Motor to boost the auto business margin to 7 percent by 2022

Hyundai Motor Co said on February 27 that it plans to boost the core automotive businesses' operating profit margin to 7 percent by 2022,...
Business

Warren Buffett’s firm Berkshire Hathaway reports the loss of $25 billion on paper stock

Warren Buffett's company recorded a $25 billion loss in the fourth quarter because of a big drop in the paper value of several of...
Inside

E-tail giants: Comprehensive policy on e-commerce is a welcome move

E-commerce giants Amazon and Walmart-backed Flipkart on February 23 said they are reviewing the draft national e-commerce policy and will share their inputs on...
Business

Exxon Mobil partners with Microsoft to use cloud technology in US oil producers shale operations

Exxon Mobil Corp and Microsoft Corp have agreed to use cloud technology in the U.S. oil producer's shale operations, they said on Friday, helping...
Business

Pakistan may ask for an additional $1.45 billion loan from Islamic banks

Pakistan will likely turn to Islamic banks to borrow another 200 billion rupees ($1.45 billion) to try to ease a financial crunch in its...
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AI

Report: Most of the Indian businesses does not compile with AI, Customer Analytics and Digital integration

While businesses in India are looking at several customer experience (CX) technologies such as customer analytics, Artificial Intelligence (AI), and digital integration, most of...
Business

BIGO Technology to invest $100 million in India

Singapore-based social media platform BIGO Technology on Monday announced an investment of over $100 million to expand its business in India in the next...
Facebook

The New Zealand Govt to impose a new tax on Google and Facebook

New Zealand's government announced plans on Monday for a new tax targeting online giants like Google and Facebook that earn plenty of money in...
Business

Aditya Puri: No plans to cut down HDFC bank’s branch expansion

Largest domestic lender from the private sector space, HDFC Bank, does not intend to cut down on branch expansion, a top official said on...
Business

Reports: Citi group is in final talk to acquire Canary Wharf office building

Citigroup is in talks to buy the tower housing its European headquarters in London's Canary Wharf district, which is on the market with a...
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Business

Larsen & Toubro secures Rs 7,000 crore deals for major airport construction

One of India's largest multi-national construction firm, Larsen & Toubro also known as L&T has secured the deal worth Rs 7,000 crore for constructing...
Amazon

Amazon will not pay the federal taxes for the second year in a row

The US-based e-commerce giant and one of the wealthiest company in the world by its market value, will not be paying taxes to the...
Business

President Trump: Could extend the 1 March trade deadline with China

Asserting that the trade negotiations with China were going "extremely well", US President Donald Trump on February 15 said he would soon be meeting...
Business

Economists say, Britain’s economy to make a moderate post-Brexit recovery if deal agreed

Britain's economy will barely grow in the run-up to Brexit amid concern the UK will leave the European Union without an agreement, but if...
Apple

Apple Supplier Japan Display Inc to receive $723 million in a bailout from Chinese and Taiwanese investors group

Ailing Apple supplier Japan Display Inc will receive up to 80 billion yen ($723 million) in a bailout from a group of Chinese and...
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Amazon

Amazon to acquire WiFi device maker Eero for an undisclosed amount

In an aim expand the smart home gadgets business, A U.S. based e-commerce giant Amazon Inc is planning to acquire 'Eero' a wifi device...
Business

ITC Limited plans to invest Rs 1,700 crore in West Bengal

FMCG major ITC Ltd. is proposing to make new investments of Rs. 1,700 crore in West Bengal in its various businesses, an official said...
Inside

Reports: The U.S. considers withdrawal of zero tariffs for India amid e-comm rules & data localisation row

India could lose a vital U.S. trade concession, under which it enjoys zero tariffs on $5.6 billion of exports to the United States, amid...
Business

Anil Ambani’s Reliance communication files for insolvency

Reliance Communications has decided to opt for insolvency proceedings following its failure to sell assets for paying back its lenders, the Anil Ambani-led telecom...
Amazon

Amazon Inc jitters offset upbeat jobs data on Wall Street

Wall Street ended mixed on Friday, as optimism from a surge in January US job growth was offset by a weaker-than-expected outlook from Amazon.com...
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