Month: September 2018
IDBI-LIC deal: State-owned bank’s board to consider allotment of up to 51% shares to insurance behemoth on 4 October
Economy
September 28, 2018
IDBI-LIC deal: State-owned bank’s board to consider allotment of up to 51% shares to insurance behemoth on 4 October
State-owned IDBI Bank said on Friday its board will meet next week to consider preferential allotment of up to 51…
HomeBIZ WRAPEconomy and Politics At 24, OYO founder Ritesh Agarwal becomes youngest entrepreneur in India, says Hurun India Rich List
Economy
September 28, 2018
HomeBIZ WRAPEconomy and Politics At 24, OYO founder Ritesh Agarwal becomes youngest entrepreneur in India, says Hurun India Rich List
Ritesh Agarwal, founder of OYO Rooms, was named the ‘youngest self-made entrepreneur’ in the recently released Barclays Hurun India Rich…
Trouble for Indians in America? US kicks off new deportation law from Oct 1
Economy
September 27, 2018
Trouble for Indians in America? US kicks off new deportation law from Oct 1
The bad news for this population is that from October 1 the US will start implementing a new rule that…
Robotic process automation failure rate is 30-50%, says EXL CEO Rohit Kapoor
Companies
September 27, 2018
Robotic process automation failure rate is 30-50%, says EXL CEO Rohit Kapoor
The ‘job loss scenario’ that’s being painted is not that grim yet, says Kapoor. It is impacting the BPO industry…
Relief for India! US to help replace Iran oil, may consider waivers
Economy
September 27, 2018
Relief for India! US to help replace Iran oil, may consider waivers
Washington will consider waivers for Iranian oil buyers such as India but they must eventually halt imports as sanctions are…
Wipro to shift all Bengaluru employees to new 50-acre campus in 2 years
Companies
September 27, 2018
Wipro to shift all Bengaluru employees to new 50-acre campus in 2 years
With the tax holiday window that Wipro has so far enjoyed at its Electronic City unit coming to a close…
CBSE to hold vocational courses exam in February; tests for core subjects will continue to be held in March
Education
September 27, 2018
CBSE to hold vocational courses exam in February; tests for core subjects will continue to be held in March
The Central Board of Secondary Education (CBSE) has decided to hold exams for ‘skill education’ (vocational) and related subjects in…
Mukesh Ambani increased his wealth by Rs 300 crore daily last year: Barclays Hurun report
Economy
September 26, 2018
Mukesh Ambani increased his wealth by Rs 300 crore daily last year: Barclays Hurun report
The net worth of the chairman of Reliance Industries stood at Rs 3,71,000 crore as on July 31, 2018. Never…
UN Human Rights chief Michelle Bachelet cites Indian Supreme Court’s ruling on homosexuality, urges more countries to amend laws
World News
September 26, 2018
UN Human Rights chief Michelle Bachelet cites Indian Supreme Court’s ruling on homosexuality, urges more countries to amend laws
United Nations: The UN’s top human rights official cited the “landmark” decision by India’s Supreme Court decriminalising consensual gay sex and…
Punjab National Bank fraud: Nirav Modi gets one month to file reply to ED plea seeking to declare him ‘fugitive’
India
September 26, 2018
Punjab National Bank fraud: Nirav Modi gets one month to file reply to ED plea seeking to declare him ‘fugitive’
A special court Tuesday directed diamantaire Nirav Modi, a key accused in the multi-billion PNB fraud case, to file his…
Anand Rathi Wealth Services files for Rs 425-crore IPO
Market
September 26, 2018
Anand Rathi Wealth Services files for Rs 425-crore IPO
The IPO comprises fresh issue of equity shares by Anand Rathi Wealth Services aggregating up to Rs 125 crore and…
After Supreme Court verdict, here’s a list of all the things for which Aadhaar cannot be demanded anymore
India
September 26, 2018
After Supreme Court verdict, here’s a list of all the things for which Aadhaar cannot be demanded anymore
The controversy over the constitutional validity of the Aadhaar programme has been on for years now, and all eyes were…
IL&FS crises deepens, financial services arm defaults on CP
Corporate
September 25, 2018
IL&FS crises deepens, financial services arm defaults on CP
For the third time in a month, crippled infrastructure conglomerate IL&FS Financial Services on Monday defaulted on interest payments on…
Govt extends the deadline for filing ITR, audit report till October 15
Economy
September 25, 2018
Govt extends the deadline for filing ITR, audit report till October 15
The new guidelines are applicable for those earning over Rs 2 crore, and those who are required to audit their…
Who is Ajit Mohan, the new Facebook India head
India
September 25, 2018
Who is Ajit Mohan, the new Facebook India head
In his new role, Mohan will focus on working with the senior executive team at Facebook India. After a wait…
Kerala-based Sunni Muslim group moves Supreme Court against triple talaq ordinance, calls it ‘arbitrary’
India
September 25, 2018
Kerala-based Sunni Muslim group moves Supreme Court against triple talaq ordinance, calls it ‘arbitrary’
The Samastha Kerala Jam’eyyath ul-Ulama, a religious organisation of Sunni Muslim scholars and clerics, filed a petition in Supreme Court…
Currency in circulation slows down since May on spike in crude, RBI selling dollars: SBI research report
Economy
September 24, 2018
Currency in circulation slows down since May on spike in crude, RBI selling dollars: SBI research report
The currency in circulation (CiC), which increased exponentially after the note ban in November 2016 under which as many as…
Buy now, pay later! After Amazon, Flipkart also launches cardless credit of up to Rs 60,000 for customers
Corporate
September 24, 2018
Buy now, pay later! After Amazon, Flipkart also launches cardless credit of up to Rs 60,000 for customers
The instant credit facility is a part of Flipkart’s strategy to drive its gross merchandise volume by “15-20 per cent”…
Who is Komal Lahiri, WhatsApp’s new grievance officer for India
India
September 24, 2018
Who is Komal Lahiri, WhatsApp’s new grievance officer for India
WhatsApp has said Lahiri will be based in the US, and people can also contact her via WhatsApp or post…
Petrol crosses Rs 90 per litre in Mumbai, stands much higher elsewhere in Maharashtra; diesel at Rs 80 in state
Market
September 24, 2018
Petrol crosses Rs 90 per litre in Mumbai, stands much higher elsewhere in Maharashtra; diesel at Rs 80 in state
Petrol retail rates finally breached the Rs 90 mark in Mumbai by touching Rs 90.08 per litre here on Monday,…