In the largest consolidation exercise in the banking history of the country, all the five associate banks including – the State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH) will merge[Read More…]
Social media giant Facebook plans to earn money from all the live videos it allows to share via its network. Facebook Live videos are soon to have interruptions by 20-second ads. According to a report on Thursday, Facebook would soon start putting ads in the middle of publishers’ videos, much like TV commercials or YouTube[Read More…]
After the Indian economy was hit by demonetisation, it is expected to grow strongly and remains gleaming in the global landscape, a senior IMF official has said. “The Indian economy is growing strongly and remains a bright spot in the global landscape,” the IMF mission chief for India, Paul Cashin[Read More…]
Travis Kalanick apologised to all Uber Technologies Inc. employees on Tuesday in an open meeting. The CEO of an American worldwide online transportation network giant, apologised for the cultural failings at his company after an ex-employee accused that she was harassed and discriminated against while working in Uber Technologies Inc.[Read More…]
Snapdeal Indian e-commerce company based in New Delhi will lay off around 600 people across its e-commerce, logistics and payments operations over the next few days, reports say. According to reports, the company has already started the process last week and will lay off 500-600 people across Snapdeal, Vulcan (logistics)[Read More…]
Mukesh Ambani announced the Jio Prime membership for initial customers of Reliance Jio on Tuesday. Under this Jio Prime plan, members will be able to enjoy one whole year of its 4G services at Rs 99. The chairman of Reliance Industries Limited, cleared that the registrations for Jio Prime membership[Read More…]
The newly appointed Chairman of Tata Sons, Natarajan Chandrasekaran speaks with the media at the company’s head office in Mumbai after he conducted his first board meeting as the head of the business giant Tata conglomerate on Tuesday. Tata Sons is the integral investment holding company for more than 100 Tata[Read More…]
Reliance Jio has managed to cross 100-million in subscribers in less than six months of its launch. According to a Times of India report, Mukesh Ambani is expected to make an announcement regarding the future growth plans for the company on Tuesday. In September, Ambani had publicly announced his desire to[Read More…]
On February 10, the Supreme Court asked BJP leader Subramanian Swamy to put forward “concrete” evidence to prove that former Finance Minister P Chidambaram had directly given FIPB clearance to the Aircel-Maxis deal in 2006, bypassing the Cabinet Committee for Economic Affairs (CCEA). Foreign ministry officials however say that it[Read More…]
Controversial yoga guru Baba Ramdev’s Patanjali Yogpeeth has been exempted by the Income Tax Appellate Tribunal(ITAT) from paying tax. The Delhi bench of the tribunal referred to a 2006 amendment in the I-T Act, according to which yoga was additionally described as having “charitable purpose”. The tribunal stated that Patanjali[Read More…]
PepsiCo Chairman and CEO Indra Nooyi on Wednesday said that India’s demonetisation move has had a significant impact on the MNC’s business in the fourth quarter. “Demonetisation had a significant impact on our India business in the fourth quarter. And there are still some lingering effects. I’m not sure we[Read More…]
Apple Inc will be setting up a manufacturing plant for assembling it’s lower-priced iPhone SE in Indian silicon valley Bengaluru. The news was confirmed on Friday as per India Today reports. Apple’s Taiwanese manufacturing partner Wistron Corp is setting up a plant in Bengaluru to focus solely on assembling iPhones[Read More…]
