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India Moves To Disqualify Over 100,000 Directors With Links To Dubious Shell Companies

India Moves To Disqualify Over 100,000 Directors With Links To Dubious Shell Companies

A total of 1,06,578 directors will be disqualified under Section 164(2)(a) of the Companies Act. A director will not be eligible for re- appointment in that company or any other firm for five years in a step to fight against black money. NEW DELHI – More than 1.06 lakh directors will be disqualified for their […]

September 16th, 2017 | Posted in Business | Read More »

India’s Auto Industry Gears Up For Government’s Electric Vehicles Push

India’s Auto Industry Gears Up For Government’s Electric Vehicles Push

NEW DELHI – India’s aggressive push to electrify all new vehicles by 2030 is compelling auto part manufacturers and carmakers to draw up early plans for electrification, company executives said. A new auto policy is in the works and will include a roadmap for electric vehicles, a government official said, adding that this is likely […]

September 16th, 2017 | Posted in Business | Read More »

Amazon Creates 22,000 Seasonal Job Opportunities In India

Amazon Creates 22,000 Seasonal Job Opportunities In India

The e-commerce giant said the employment positions have been created at its fulfillment centres, sortation centres, delivery stations and customer service sites. MUMBAI – Amazon on Monday announced it has created more than 22,000 seasonal employment positions across its India network this festive season. The e-commerce giant said the employment positions have been created at […]

September 16th, 2017 | Posted in Business | Read More »

Apple Launches 10th Anniversary iPhone X Priced At $999 While Announcing iPhone 8

Apple Launches 10th Anniversary iPhone X Priced At $999 While Announcing iPhone 8

Apple paid homage to its late co-founder Steve Jobs for the 10-year anniversary of the iPhone on Tuesday when it unveiled its latest – and, at $999, its most expensive – new version of the device, the iPhone X. The tech giant also launched two more phones, iPhone 8 and iPhone 8 Plus, Apple SmartWatch, […]

September 16th, 2017 | Posted in Business | Read More »

WhatsApp Tests New Features As Facebook Takes Next Step To Monetise App: Report

WhatsApp Tests New Features As Facebook Takes Next Step To Monetise App: Report

NEW YORK – Facebook Inc is gearing up to make money from WhatsApp, the messaging service used by more than a billion people every day, the Wall Street Journal reported on Tuesday. WhatsApp will be testing new features to make it easier for people to communicate with businesses they want to reach on WhatsApp, the […]

September 9th, 2017 | Posted in Business | Read More »

RBI Doesn’t Know How Much Black Money Was Eliminated By Demonetisation

RBI Doesn’t Know How Much Black Money Was Eliminated By Demonetisation

In its annual report, the RBI finally made public the details of the junked notes that have come back into the system putting the figure at Rs 15.28 lakh crore. NEW DELHI – The RBI has told a parliamentary panel that it has “no information” on how much black money has been extinguished as a […]

September 9th, 2017 | Posted in Business | Read More »

Modi, Putin Vow To Boost Cooperation In Oil, Natural Gas Sector

Modi, Putin Vow To Boost Cooperation In Oil, Natural Gas Sector

External affairs ministry spokesperson Raveesh Kumar said Narendra Modi and Vladimir Putin discussed how both the countries should work together to promote trade, investment and culture. XIAMEN – Prime Minister Narendra Modi held talks with Russian President Vladimir Putin on Monday and discussed ways for boosting bilateral trade and investment, especially in the oil and […]

September 9th, 2017 | Posted in Business | Read More »

Reliance Jio Gunning For Competitors By Incurring ‘Huge Losses’, Says  Vodafone CEO

Reliance Jio Gunning For Competitors By Incurring ‘Huge Losses’, Says  Vodafone CEO

NEW DELHI – British telecom major Vodafone has petitioned the government for relief with group chief executive Vittorio Colao seeking more time in making spectrum payments while expressing concern over any move to cut the interconnect charges (IUC) or the payment that phone companies pay each other for connecting calls. The telco also hit out […]

September 2nd, 2017 | Posted in Business | Read More »

McDonald’s Terminates Franchise Agreement For 169 Outlets In North-East India

McDonald’s Terminates Franchise Agreement For 169 Outlets In North-East India

The decision comes weeks after 43 outlets run by CPRL in the national capital were shut due to non-renewal of eating house licenses by locals authorities. NEW DELHI – McDonald’s India Pvt. Ltd (MIPL), the local unit of the American fast food chain, on Monday terminated its franchise agreement with Connaught Plaza Restaurants Pvt. Ltd […]

August 26th, 2017 | Posted in Business | Read More »

Infosys Shares Continuing Falling After CEO Vishal Sikka Quit

Infosys Shares Continuing Falling After CEO Vishal Sikka Quit

Nomura downgraded the stock to “reduce”, saying the uncertainty over Infosys’ management could hamper long-term growth. MUMBAI -Shares of India’s Infosys Ltd fell as much as 4.6% on Monday to a near three-year low, slumping for a second consecutive session, after brokerages including Nomura downgraded the stock following the resignation of its chief executive. Shares […]

August 26th, 2017 | Posted in Business | Read More »