Business

New US Tax Law Gives Warren Buffetts Firm $29 Billion

New US Tax Law Gives Warren Buffetts Firm $29 Billion

Business February 25, 2018

In his much-anticipated annual letter to shareholders, Buffett explained that the companys net gain of $65.3 billion in 2017 was only partly due to his employees efforts.

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PM, Uber CEO Discuss Ways to Help India Become $5 Trillion

PM, Uber CEO Discuss Ways to Help India Become $5 Trillion

Business February 24, 2018

According to the statement, Khosrowshahi emphasised the importance of India to Ubers ridesharing and food delivery businesses, as well as a source for tech talent.

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What does it take to be a startup that raises huge sums

What does it take to be a startup that raises huge sums

Tech Crunch February 24, 2018

 Some founders toil for years to secure a meager seed round. Others seem to go from launch to a massive fundraise in no time. Why is that, and how does one get into that second group? There&

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Andhra CM Woos Investors With Promise to Reduce Energy

Andhra CM Woos Investors With Promise to Reduce Energy

Business February 24, 2018

Pitching Andhra Pradesh as a preferred investment destination, Chief Minister N. Chandrababu Naidu on Saturday said the state had potential with skilled labour, 1,000 km sea coast, and well devel

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E-way Bill for Interstate Goods Movement from April

E-way Bill for Interstate Goods Movement from April

Business February 24, 2018

The requirement of generating and carrying e-way bill was to become mandatory from February 1 but it was indefinitely postponed due to technological glitches.

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FM Arun Jaitley Rules Out Privatisation of State-run

FM Arun Jaitley Rules Out Privatisation of State-run

Business February 24, 2018

In light of the PNB scam that has rocked the Indian banking system since February 14, the industry chambers FICCI, ASSOCHAM and CII have urged the government to surrender its majority control of

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PNB Fraud Fallout: RBI Sets Deadline for Banks to Link CBS With SWIFT

PNB Fraud Fallout: RBI Sets Deadline for Banks to Link CBS With SWIFT

Business February 24, 2018

This came after the countrys second largest state-run lender Punjab National Bank detected Rs 11,400-crore fraudulent transactions at one of its branches in Mumbai.

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Commerce Ministry to Launch Campaign to Promote GI

Commerce Ministry to Launch Campaign to Promote GI

Business February 24, 2018

A Geographical Indication (GI) is primarily an agricultural, natural or a manufactured product (handicrafts and industrial goods) originating from a definite geographical territory.

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PNB Scam-tainted Mehul Choksi Tells Employees Cant Pay Salaries, Look for New

PNB Scam-tainted Mehul Choksi Tells Employees Cant Pay Salaries, Look for New

Business February 24, 2018

Mehul Choksis company, Gitanjali Gems, employs over 3,500 people, The open letter, released by his lawyer Sanjay Abbott, expressed “helplessness” at the situation and asked employees to look

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PNB Scam: Politicians Are Accountable in India But Not Regulators, Says Arun

PNB Scam: Politicians Are Accountable in India But Not Regulators, Says Arun

Business February 24, 2018

Jaitley slammed lack of ethics in certain sections of businesses and said multiple layers of auditing system chose to either look the other way or did a casual job.

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With Rates Low, Fed Officials Fret Over Next US

With Rates Low, Fed Officials Fret Over Next US

Business February 24, 2018

All this comes against a backdrop of an unexpectedly large boost from tax cuts and government spending that will drive up deficits, leaving less room for a fiscal rescue in the next recession.

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PNB Denies Rumours of Cash Withdrawal Limit, Virat Kohli Stepping Down as Brand

PNB Denies Rumours of Cash Withdrawal Limit, Virat Kohli Stepping Down as Brand

Business February 24, 2018

The notice came after several reports of measures taken by the bank which is reeling after the discovery of an alleged Rs 11,400 crore fraud by diamond merchant Nirav Modi and his uncle Mehul Cho

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The intensifying battle for Africas burgeoning tech

The intensifying battle for Africas burgeoning tech

Tech Crunch February 24, 2018

 Long gone are the days when Africa was disparagingly regarded as the White Man’s Burden. Today, Africa is the continent with the youngest demographic in the world, on the brink of a

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The Dropbox IPO filing is

The Dropbox IPO filing is

Tech Crunch February 24, 2018

 It’s official, the Dropbox IPO filing is here. Going public is a huge milestone for Dropbox and has been one of the most anticipated tech IPOs for several years now. We knew that it h

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Eden acquires OrgOrg, a social network for office

Eden acquires OrgOrg, a social network for office

Tech Crunch February 24, 2018

 Eden, the office management and tech support platform, has today announced the acquisition of OrgOrg, a social network for office managers to recommend, discuss, and review vendors and prod

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Card Users Concerned About Deductions for International Transaction:

Card Users Concerned About Deductions for International Transaction:

Business February 23, 2018

About 94 percent of total 9,690 people surveyed have asked for mandatory SMS or email OTP based approval before any transaction on all credit and debit cards issued in India, it said.

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WhatsApp Leak: Sebi Asks HDFC Bank to Probe

WhatsApp Leak: Sebi Asks HDFC Bank to Probe

Business February 23, 2018

In an order, the Securities and Exchange Board of India (Sebi) said it can prima facie be inferred that the unpublished price sensitive information (UPSI) relating to financials of HDFC Bank was

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Tesla wants to install chargers at the

Tesla wants to install chargers at the

Tech Crunch February 23, 2018

 Tesla expects to sell 100,000 electric vehicles in 2018. But electric vehicles don’t make much sense unless chargers are easily accessible and convenient. That’s why Tesla is in

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India Asks Saudi Arabia for Reasonable Oil

India Asks Saudi Arabia for Reasonable Oil

Business February 23, 2018

After talks with visiting Saudi oil minister Khalid Al-Falih, Petroleum Minister Dharmendra Pradhan said India is a price sensitive market and so we must get reasonable price for crude oil and LP

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Momo buys Tantan, Chinas Tinder, for $600M as Chinese social networks

Momo buys Tantan, Chinas Tinder, for $600M as Chinese social networks

Tech Crunch February 23, 2018

 WeChat is far and away the biggest messaging platform in China at the moment, and that is helping to drive a push among the smaller players to get together for better scale. Today, Momo, th

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