Business

Amazon now world's third-most valuable company

With a market cap of $702.5 billion, Amazon has become the third most valuable company in the world, racing past Microsoft, which has a market cap of $699.2 billion.

Punjab National Bank detects $1.8 bn fraud at a Mumbai branch

MUMBAI: Punjab National Bank, the second largest public sector bank in India, has detected a $1.8 billion fraud in one of its branches here, the bank said in a regulatory filing to the stock exchanges on Wednesday.

Wipro, Tata Steel among 135 most ethical companies

IT services and outsourcing provider Wipro Limited and Tata Steel Ltd are the two Indian firms that have been selected among 135 world's most ethical companies for 2018 by the US-based think tank Ethisphere Institute.

Bank recapitalisation will boost lending: Arun Jaitley

Finance Minister Arun Jaitley on Saturday said the government's move to recapitalise public sector banks (PSB) would improve their lending capacity.

Punjab National bank signs agreement with National E-Governance Services Limited(NeSL)

Punjab National Bank (PNB) signed an agreement for Information Utility(IU) with National E-Governance Services Ltd (NeSL) on 08.02.2018 at its Head Office, Punjab National Bank, Dwarka, New Delhi.

Ola to ride in Australia to take on Uber

Indian online cab aggregator Ola on Tuesday announced its entry into the international market, starting with Australia, to take on its American rival Uber.

CGST collections to come closer to SGST: Economic Survey

The difference between the Central Goods and Services Tax (CGST) collection and the State Goods and Services Tax (SGST) is likely to decline, said the Economic Survey 2017-18.

Current fiscal growth at 6.75%, next at 7-7.5%: Economic Survey

India's Economic Survey for 2017-18 has pegged the country's growth at 6.75 per cent for the current fiscal and 7 to 7.5 per cent for 2018-19.

Jio Phone connecting the next 50 crore unconnected Indians

MUMBAI: Reliance Jio Infocomm Ltd. (“Jio”) announced today that this Republic Day will mark an acceleration towards achieving the vision of Digital Freedom for the 50 Crore feature phone users of India. Currently, they can neither afford even the cheapest 4G LTE smartphone, nor the exorbitant cost of data and voice charged for 2G services. Consequently, they are unable to avail benefits of a smartphone and the digital ecosystem unlocked by a 4G LTE connection. This digital disempowerment and unfairness must end.

Struggling Snap Inc. lays off 2 dozen employees

Snap Inc, the parent company of popular photo-sharing platform Snapchat, has laid off two dozen employees -- mostly editors -- across divisions within the company.

India's public cloud market to rise by 53%, says Akash Ambani

MUMBAI: India's public cloud market is likely to rise by more than 53 per cent to USD 4 billion by 2020 as the world's fastest growing economy becomes more digitised, said Akash Ambani, Director Reliance Jio Infocomm.

Samsung to grow its presence across channels in India

As Samsung heats up the smartphone market in the New Year with two new offerings, the South Korean giant is looking to grow its business across channels, including online, as the year progresses, Asim Warsi, Global Vice President, Samsung India, said on Friday.

Jio and other global technology leaders come together to push Open Source in India

The India Digital Open Summit kicks off on Friday January 19th. The summit is hosted by Reliance Jio in partnership with the Linux Foundation and supported by Cisco Systems. It is a must-attend event for industry leaders, policy makers, technologists, academia, and developer communities working towards India’s digital leadership through Open Source platforms.

Patanjali debuts online, announces partnership with Amazon India, Flipkart

Baba Ramdev promoted FMCG company Patanjali on Tuesday launched its e-commerce platform under the tagline "Haridwar to har dwar" (Haridwar to every door step online).

Airtel and Amazon join hands to offer one year of Amazon Prime membership with Airtel Infinity Postpaid Plans

Bharti Airtel (“Airtel”), India’s largest telecommunications services provider, and Amazon India (“Amazon”) have come together to ring in an entertaining and exciting new year for customers. Under a first of its kind offer in India, new and existing Airtel Postpaid customers with an Infinity plan of Rs.499 or above will get a one year Amazon Prime membership, worth Rs.999 and includes unlimited access to Amazon Prime Video, as part of their plan benefits (at no additional cost).

Amazon CEO becomes richest man in history

Amazon CEO Jeff Bezos is now the world's richest man, not just at present, but of all time.

Bank of India signs MOU with RXIL as a TReDS partner for discounting invoices of MSMEs on digital platform

Bank of India, has entered into MOU with Receivables Exchange of India Ltd (RXIL) as a TReDS (Trade Receivables Discounting System) partner for discounting invoices of MSMEs on digital platform .

Punjab National Bank signs MoU with National Scheduled Castes Finance and Development Corporation

Punjab National Bank, Country's one of the largest public sector lender and National Scheduled Castes Finance and Development Corporation (NSFDC) have tied up to provide financial assistance for economic empowerment of persons belonging to Scheduled Cast (SC) families living below Double Poverty Line (DPL).

PNB raises interest rate on term deposits by up to 1.25%

NEW DELHI: State-run Punjab National Bank (PNB) has announced it will raise interest rates by up to 1.25 per cent on domestic term deposits of up to Rs 10 crore for different tenures, effective from the New Year, January 1, 2018.

Despite orders, e-commerce sites not disclosing MRP: Survey

Most sellers on the e-commerce sites have failed to comply with an oder of the Department of Consumer Affairs to disclose the MRPs of their products on their portals, according to a survey.

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