Apple Inc has removed the New York Times (NYT.N) English- and Chinese-language news applications from its iTunes store in China. The decision was taken following the request from the local authorities, said the company on Thursday. The apps said to be removed on Dec. 23 are the latest Western services[Read More…]
Aiming to tap into the 51-million small and medium business (SMB) markets in India, Google CEO Sundar Pichai on Wednesday announced two initiatives ‘Digital Unlocked’ and ‘My Business Website’. “The internet and digital technology will be an engine of growth for the Indian economy. Today, anyone can become an entrepreneur,[Read More…]
S Padmanabhan was nominated as the chairman of Tata Power Co Ltd with an immediate effect according to the company’s articles of association, Tata Power said on Wednesday. Tata Power said in its statement to BSE, in terms of the company’s article of association, Tata Sons Ltd, as the promoter[Read More…]
Paytm Payments Bank Ltd, an entity majority owned by One97 Communication founder Vijay Shekhar Sharma on Tuesday received the final approval from the Reserve Bank of India to launch. Paytm is now expecting to finally roll out the payments bank within the next 30-60 days. Paytm, which is likely to[Read More…]
The eighth GST council meeting which begins on Tuesday in the national capital will be chaired by finance minister Arun Jaitley and comprise of all the state finance ministers. In its two day meeting, the council will meet representatives of six crucial sectors, including IT, telecom, banking and insurance, to[Read More…]
In a bid to enable more customers to use digital methods of bill payment, state-run BSNL is planning on leasing around 15000 point of sale machines. The telecommunications company sees digital transactions accounting for up to 40% of all bill payments by March 2017 – nearly double of current levels.[Read More…]
The Enforcement Directorate (ED) has detained a manager of a Kotak Bank branch in its money laundering probe in a criminal case of finding of nine alleged fake accounts with deposits worth Rs 34 crore after demonetization move. According to the officials, the agency detained the manager of the bank’s[Read More…]
Tata Sons send legal notice to Cyrus Mistry on Tuesday claiming he had passed confidential and sensitive information to his family controlled firms for use in a petition against theflagship holding company of the group. “As part of the petition, without there being any requirement to do so, the petitioners[Read More…]
A Redmond, Washington analyst thinks that Microsoft’s $26.2 billion acquisition of LinkenIn will push the tech giant to become the first company with a $1 trillion market value, reported GeekWire. Analyst Michael Markowski writes for Equities.com that Microsoft will reach that threshold before other big companies like Amazon, Google, Facebook[Read More…]
Following the “intolerance” remarks made by Aamir Khan at the Ramnath Goenka Excellence in Journalism Awards ceremony, BJP social media cell organised a campaign to pressurise e-commerce platform Snapdeal to remove Khan as its brand ambassador. The revelation has been made by a former volunteer, Sadhavi Khosla, of BJP social[Read More…]
President and Business head – Fixed Line of Reliance Jio, Vijay Jain has stepped down from the position, reports ET. Jain joins other top-level executives across functions, who have quit the 4G entrant in last few months “Jain was also involved in the rolling out of Wi-Fi networks for the[Read More…]
Nitin Soni, Director at Fitch Ratings has claimed that Reliance Jio Infocomm’s subscriber base may touch 100 million by March 2017 end. He also warned that the customer base may shrink if once the telecom operator starts charging its customers. “We think that Jio is adopting a very sound strategy[Read More…]
Independent director Nusli Wadia has been removed from the Tata Steel’s board on Thursday as about 91 per cent of shareholders present at Wednesday’s EGM, voted in favor of his dismissal. In a regulatory filing, the company said out of its total shares of 97.12 crore, 62.54 crore votes were[Read More…]
State Bank of India chairman Arundhati Bhattacharya on Thursday warned that given the ongoing cash crunch, it’s unlikely that restrictions on cash withdrawals from banks and ATMs will be lifted immediately. The Hindu reported Bhattarcharya as saying, “We have to see… if there is cash I will give it, if[Read More…]
Ousted Tata Sons chairman Cyrus Mistry on Monday announced his resignation from all listed Tata companies, according to a Times Now report. In a statement, Cyrus Mistry has said that he will take legal route against the Tatas. “My efforts were aimed at reforming the system, which may well be[Read More…]
The Bombay high court in an interim order directed Tata Sons to keep one seat of an independent director “vacant until further orders” in each of its companies on Friday. The court was hearing the case between Tata Sons and industrialist Nusli Wadia who serves as independent director. The directions[Read More…]
Rupert Murdoch’s Twenty-First Century Fox said on Thursday it had agreed to buy European pay-tv firm Sky for $14.6 billion, sticking to its earlier offer despite complaints from some investors. Fox is the founding shareholder in Sky and currently owns approximately 39.1 percent of Sky’s shares and this deal would[Read More…]
Baba Ramdev Patanjali Ayurveda’s five production units slapped a fine of ₹11 lakh for “misbranding and putting up misleading advertisements” of their products, a court in Haridwar has ruled. Patanjali have to pay the fine within a month. Patanjali Ayurved was found guilty of misbranding. The products being shown by[Read More…]
Mobikwik founder and chief executive officer Bipin Preet Singh on Tuesday said, Paytm has been “dumping capital” to gain customers even as demonetisation is throwing up opportunities for e-wallets and the competition in the sector is stiffening. Singh launched a scathing attack on the largest player in the sector on[Read More…]
Nusli Wadia criticized Ratan Tata for ‘destroying’ the tradition built by JRD Tata and working to protect British Steel in a letter to Tata Steel shareholders. Wadia also claimed that Tata Steel was set up by Tata Group founder Jamshetji Tata to fight British Steel. “Ratan Tata is trying to[Read More…]
Former Tata Sons chairman Cyrus Mistry on Sunday accused Vijay Singh, Tata Sons nominee director, of playing a key role in the AgustaWestland VVIP Choppers scam. Mistry’s office said, “As defence secretary, Singh was a key official involved in award of Rs 3600 crore VVIP helicopter contract to AugustaWestland in[Read More…]
Tata Sons on Sunday alleged that its former chairman Cyrus Mistry misled the selection committee setup in 2001 for selecting a chairman to succeed Ratan Tata. “Cyrus Mistry misled the Selection Committee set up in 2011 for selecting a Chairman of Tata Sons to succeed Mr. Ratan Tata, by making[Read More…]
Digital payments and commerce platform Paytm’s founder and CEO Vijay Shekhar Sharma has sold 1% of his holding in One97 Communications to raise about Rs 325 crore. This money will be pumped into the group’s proposed payments bank. Sharma has sold the stake to one of the shareholders of One97[Read More…]
Black money was the main reason given by the government for demonetising high value notes. The estimates showed the amount of black money is around ₹ 3 lakh crore to ₹ 5 lakh crore. This figure was not anticipated to be deposited in the banks. But the cash deposited in[Read More…]
