Business

The Boring Co. tops 30,000 hats sold

The Boring Co. tops 30,000 hats sold

Tech Crunch December 11, 2017

 That didn’t toque too long! The Boring Company has now sold 30,000 hats to fund its hole-some mission, founder Elon Musk tweeted today. That’s double the sales Musk announced ju

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Sensex Zooms 195 Points on Strong Global Cues

Sensex Zooms 195 Points on Strong Global Cues

Business December 11, 2017

The 30-share Sensex was trading higher by 194.68 points, or 0.58 per cent, at 33,444.98, with realty, oil and gas, PSU, metal, banking and auto stocks staying in good shape. The gauge had gained

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Rupee Spurts 6 Paise Against Dollar in Opening Trade

Rupee Spurts 6 Paise Against Dollar in Opening Trade

Business December 11, 2017

Apart from selling of the American currency by exporters, forex dealers said the dollars weakness against other currencies overseas kept the rupee higher.

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Why gear rental marketplace Lumoid shut down

Why gear rental marketplace Lumoid shut down

Tech Crunch December 11, 2017

 Lumoid, a tech gear rental startup is no longer in business and its founder Aarthi Ramamurthy is moving on to Facebook. The startup launched as just a “crazy idea,” when it came

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Insolvency Law: IBBI Notifies Norms for Complaint Handling

Insolvency Law: IBBI Notifies Norms for Complaint Handling

Business December 10, 2017

Under the regulatory framework, a complaint can be filed against insolvency professional agency, insolvency professional, insolvency professional entity and information utility.

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Air India Seeks Rs 1,100 Crore Loan to Modify Boeing Jets for Ferrying VVIPs

Air India Seeks Rs 1,100 Crore Loan to Modify Boeing Jets for Ferrying VVIPs

Business December 10, 2017

The two Boeing 777-300 ER aircraft are to be delivered in January 2018 and the cost for modification in its (planes) interior configuration is estimated to be USD 180 million.

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Ex-RBI Governor Y V Reddy Sees GST, Note-ban Shocks Lasting For Two More Years

Ex-RBI Governor Y V Reddy Sees GST, Note-ban Shocks Lasting For Two More Years

Business December 10, 2017

Reckless lending in the high growth years during the previous government and certain development in the telecom, power and coal sectors following graft charges created a lot of stress in the corp

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Telecom Commission to Consider IMG Recommendations on December 21

Telecom Commission to Consider IMG Recommendations on December 21

Business December 10, 2017

The panel had also sought views of the Telecom Regulatory Authority of India (TRAI) on the inter-ministerial groups proposal to relax spectrum cap as it will provide exit path to loss-making mobi

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Interconnected Power Market a Clear Win for South Asia: ADB

Interconnected Power Market a Clear Win for South Asia: ADB

Business December 10, 2017

The unanticipated shortages in one countrys power grid can be readily solved by imports from a neighbouring grid, said a blog written by Priyantha Wijayatunga, ADB Director (Energy Division) for

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Pay Hikes May Get Fatter in 2018, But Theres a Catch

Pay Hikes May Get Fatter in 2018, But Theres a Catch

Business December 10, 2017

The overall hiring sentiment of employers in India, as per major staffing consultancies, should continue on the revival path that has got underway in the last quarter of 2017 after three consecut

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After Bitcoins Wild Week, Traders Brace for Futures Launch

After Bitcoins Wild Week, Traders Brace for Futures Launch

Business December 10, 2017

The launch has given an extra kick to the cyptocurrencys scorching run this year. It has nearly doubled in price since the start of December, but recent days saw sharp moves in both directions, w

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Textiles Ministry Zeroes in on 13 Nations to Expand Market Share

Textiles Ministry Zeroes in on 13 Nations to Expand Market Share

Business December 10, 2017

The target segments for European nations including Germany, France, Italy include cotton textiles and handicrafts, whereas Indian apparel will be showcased in the US, and Indian cotton & carp

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How tax changes may impact US startups

How tax changes may impact US startups

Tech Crunch December 10, 2017

 In an effort to envision how the pending tax bill might affect U.S. startups and their investors, Crunchbase News reached out to tech industry taxation experts. We touched the M&A cli

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Govt Hints at Reviewing Rates in Top GST Bracket

Govt Hints at Reviewing Rates in Top GST Bracket

Business December 9, 2017

As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18 per cent, and a uniform 5 per cent tax was prescribed for both air-conditioned and non-AC restaurants.

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Uber settles lawsuit with woman who accused executives of obtaining medical records after she was raped

Uber settles lawsuit with woman who accused executives of obtaining medical records after she was raped

Tech Crunch December 9, 2017

 Uber has settled its lawsuit with a woman (Jane Doe) who accused its now-former CEO Travis Kalanick, president of business in Asia Eric Alexander and SVP of business Emil Michael of imprope

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Tax Plans May Give Your Co-Worker a Better Deal Than You

Tax Plans May Give Your Co-Worker a Better Deal Than You

NYTimes.com December 9, 2017

The G.O.P. bills impose different rates on the same income based on things like organizational structure or occupation. At the losing end? Employees with paychecks.

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Economy Set for Higher Growth Trajectory, Says Arun Jaitley

Economy Set for Higher Growth Trajectory, Says Arun Jaitley

Business December 9, 2017

Finance minister Arun Jaitley said the NDA government would now focus on large- scale investment in the infrastructure sector and rural areas.

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For Older Venezuelans, Fleeing Crisis Means ‘Starting From Zero, Even at 90

For Older Venezuelans, Fleeing Crisis Means ‘Starting From Zero, Even at 90

NYTimes.com December 9, 2017

As a dire economy drives migration, Venezuelans in their retirement years are joining the exodus, a journey fraught with worries over health care, employment and leaving a country they once loved

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Janet Yellen Didnt Set Out to Be a Feminist Hero

Janet Yellen Didnt Set Out to Be a Feminist Hero

NYTimes.com December 9, 2017

The Federal Reserve chair (dont call her “chairwoman”) quietly achieved rock-star status. Now that shes leaving, her many fans are sad to see her go.

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Direct Tax Collections Rise 14% to Rs 4.8 Lakh Crore in Apr-Nov

Direct Tax Collections Rise 14% to Rs 4.8 Lakh Crore in Apr-Nov

Business December 9, 2017

According to the statement, the net direct tax collections represent 49 per cent of the total Budget Estimates of direct taxes for 2017-18 (Rs 9.8 lakh crore).

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