Ola making false bookings  : Uber tells Delhi High Court

Ola making false bookings : Uber tells Delhi High Court

Wednesday, March 23rd, 2016 | Posted in Business News | by

The Delhi High Court today sought response of ANI Technologies, which runs app-based cab service under the name of Ola, on its competitor Uber’s plea seeking Rs 49.61 crore as damages from Ola for allegedly interfering in its business by making fake accounts to book rides and then cancel them. Ola denied the allegations made […]

Apple unveiled the iPhone SE cheapest-ever iPhone at Rs 39,000  coming to India in April

Apple unveiled the iPhone SE cheapest-ever iPhone at Rs 39,000 coming to India in April

Tuesday, March 22nd, 2016 | Posted in Breaking News Business Featured News | by

The excitement surrounding the iPhone SE is finally over and the device has been launched. However, while there were many hopes surrounding the device, the one thing Apple never really revealed was when the iPhone SE would launch in their actual target audience nations – namely the developing regions like India. The iPhone SE is […]

Apple to launch iPhone SE, iPad Pro today

Apple to launch iPhone SE, iPad Pro today

Monday, March 21st, 2016 | Posted in Breaking News Business Featured News | by

The next big launch from Apple is scheduled today. From its base centre in Cupertino , California, the tech giant is set to unveil a range of products, the most prominent among them being the ‘iPhone SE’ and ‘iPad Pro’. Other releases to be made by Apple include: update to iOS 9.3 and the ‘Apple […]

Give Fair Chance to Vijay Mallya, Stop Media Trial: Kiran Mazumdar-Shaw

Give Fair Chance to Vijay Mallya, Stop Media Trial: Kiran Mazumdar-Shaw

Sunday, March 20th, 2016 | Posted in Business News | by

Noted entrepreneur Kiran Mazumdar-Shaw has said beleaguered businessman Vijay Mallya should be given a fair opportunity to settle the loan default issues with banks, and maintained media trial against him would not help matters. Resolution of debt and financial disputes take a long time in the country due to lack of a bankruptcy law, she […]

CEO Binny Bansal's email account spoofed, not hacked: Flipkart

CEO Binny Bansal’s email account spoofed, not hacked: Flipkart

Saturday, March 19th, 2016 | Posted in Business News | by

Refuting media reports that Flipkart CEO Binny Bansal’s email account has been hacked, the etailer on Friday said it was spoofed but not hacked. “We would like to clarify it is not a case of hacking. Flipkart’s corporate email system leverages the highest standards of security including but not limited to two factor authentication,” it […]

Sell assets of guarantors if firms don't repay: Government to banks

Sell assets of guarantors if firms don’t repay: Government to banks

Saturday, March 19th, 2016 | Posted in Business News | by

In order to effectively deal with Vijay Mallya type loan default cases, government on Friday directed public sector banks to immediately invoke personal guarantees of promoter directors and recover loans from them in case the companies fail to repay. Issuing the directive to heads of PSBs, the Finance Ministry regretted that they seldom recover loan […]

Infosys Foundation donates Rs 8 crore to Asia Heart

Infosys Foundation donates Rs 8 crore to Asia Heart

Friday, March 18th, 2016 | Posted in Business News | by

Infosys Foundation, the philanthropic arm of tech major Infosys, has signed a pact with Asia Heart Foundation to enable the adoption of robotics in healthcare. As part of the MoU, the foundation has granted Rs 8 crore to Asia Heart Foundation. The grant will be used to purchase high-end equipment — the IS 3000 da […]

No bids for Vijay Mallya's Kingfisher House in Mumbai, auction fails

No bids for Vijay Mallya’s Kingfisher House in Mumbai, auction fails

Thursday, March 17th, 2016 | Posted in Business Featured News | by

An attempt by the State Bank of India (SBI)-led bank consortium to auction former liquor baron Vijay Mallya’s Kingfisher House in Mumbai failed on Thursday. According to sources, there were no bidders during the e-auction of the Kingfisher House. The consortium had evaluated the base price of the Kingfisher House at Rs 150 crore and […]

SBI-led bank consortium to auction Kingfisher House in Mumbai

SBI-led bank consortium to auction Kingfisher House in Mumbai

Thursday, March 17th, 2016 | Posted in Breaking News Business Featured News | by

Tightening the noose around business tycoon Vijay Mallya, the SBI-led bank consortium will auction Kingfisher House in Mumbai in a bid to recover a part of Rs 6,963 crore debt due from the now grounded Kingfisher Airlines. The lenders consortium will start the e-auction of Kingfisher House with a base price of Rs 150 crore […]

Banks to pay interest rate on saving accounts every quarter: RBI

Banks to pay interest rate on saving accounts every quarter: RBI

Wednesday, March 16th, 2016 | Posted in Business News | by

Reserve Bank has asked banks to pay interest on savings banks account on quarterly basis or shorter duration, a move which will benefit crores of savings account holders. At present, the interest is credited in savings bank account on half-yearly basis. Interest rate on savings bank account is calculated on daily basis since April 1, […]

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