Business

One year old Pony.ai raises $112 million Series A to build autonomous car

One year old Pony.ai raises $112 million Series A to build autonomous car

Tech Crunch January 15, 2018

 No that’s not a typo. Yes, that is larger than the median IPO fundraise last year. But few problems are as daunting as trying to build a fully autonomous car, particularly without the

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Telecom Loses 40,000 Jobs Since 2017, May Cull 50,000

Telecom Loses 40,000 Jobs Since 2017, May Cull 50,000

Business January 15, 2018

The report is based on a survey among around 100 senior and mid-level employees of 65 telco and software and hardware service providers to telecom companies.

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Air India to be Split Into Four Entities Ahead of Sale:

Air India to be Split Into Four Entities Ahead of Sale:

Business January 15, 2018

The debt-laden national carrier would be divided into core airline business, regional arm, ground handling and engineering operations, according to the report.

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Airbus Overtakes Boeing in Aircraft Orders, Says Could Halt A380

Airbus Overtakes Boeing in Aircraft Orders, Says Could Halt A380

Business January 15, 2018

Airbus said it booked a total 1,109 aircraft orders and a record 718 deliveries in 2017.

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Stocks Continue Record Run on Macro Data, Earnings

Stocks Continue Record Run on Macro Data, Earnings

Business January 15, 2018

The benchmark BSE Sensex rose by 251.12 points to end at a new peak of 34,843.51. The broader Nifty gained 60.30 points to finish at a fresh record high of 10,741.55.

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Softbank invests €460M in Germanys Auto1 car dealer

Softbank invests €460M in Germanys Auto1 car dealer

Tech Crunch January 15, 2018

 Softbank’s Vision Fund has made another investment: The Japanese conglomerate has agreed to invest €460M in Berlin-based online car dealer Auto1. Read More

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London proptech startup Goodlord appoints LoveFilm co-founder William Reeve as

London proptech startup Goodlord appoints LoveFilm co-founder William Reeve as

Tech Crunch January 15, 2018

 London ‘proptech’ startup Goodlord, which offers cloud-based software to help estate agents, landlords and tenants manage the rental process, has announced the appointment of se

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How to Start Saving at 18 to Retire at

How to Start Saving at 18 to Retire at

Business January 15, 2018

In financial calculations, the compound interest factors in the best interest of those who start saving in as early as their 20s.

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Five Reasons Why FM is Likely to Raise Income Tax Exemption Limit from Rs 2.5 Lakh to Rs 3

Five Reasons Why FM is Likely to Raise Income Tax Exemption Limit from Rs 2.5 Lakh to Rs 3

Business January 15, 2018

In Budget 2017, the FinMin gave relief to the middle-income group by lowering the tax rate from 10% to 5% for the income tax slab ₹2.5 Lakh - ₹5 Lakh. However, the ministry is mulling over on

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8 Uses of Aadhaar Card  How and Why to Link

8 Uses of Aadhaar Card How and Why to Link

Business January 15, 2018

The current government gave it more teeth and made it mandatory for everyone to link Aadhaar with various schemes and instruments.

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December Wholesale Price Inflation Eases to 3.58 Percent, After Touching Eight-month

December Wholesale Price Inflation Eases to 3.58 Percent, After Touching Eight-month

Business January 15, 2018

Annual wholesale price inflation last month slowed to 3.58 percent from a year earlier, from a provisional 3.93 percent rise in November.

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Uday Kotak Warns on Bubble Created by Savings Flowing to Few Hundred

Uday Kotak Warns on Bubble Created by Savings Flowing to Few Hundred

Business January 15, 2018

Uday Kotak admitted that conventional savings of the country is now dripping into financial savings, that is more use of mutual funds, systematic planning investments etc.

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Sensex, Nifty Scale New Peaks on Positive Macro Data,

Sensex, Nifty Scale New Peaks on Positive Macro Data,

Business January 15, 2018

The 30-share Sensex gained 209.35 points, or 0.60 per cent, to touch an all-time high of 34,801.74, surpassing previous record of 34,638.42 (intra-day) reached on January 12.

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Rupee Spurts 23 Paise Against Dollar in Early

Rupee Spurts 23 Paise Against Dollar in Early

Business January 15, 2018

The rupee opened strong at 63.45 at the interbank forex market against previous close of 63.63 per dollar as stocks soared to record levels after strong economic data.

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Pakistan Aims to Sell National Airline PIA Before Elections, Says

Pakistan Aims to Sell National Airline PIA Before Elections, Says

Business January 15, 2018

Pakistan International Airlines (PIA), haemorrhaging money and losing market share to Gulf-based rivals such as Etihad and Emirates, has been hit by management turmoil in recent years and a 2016

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Tax Free Rs 20 Lakh Gratuity For Employees May be a Reality

Tax Free Rs 20 Lakh Gratuity For Employees May be a Reality

Business January 14, 2018

At present, formal sector workers with five or more years of service are eligible for Rs 10 lakh tax free gratuity after leaving job or at time of superannuation.

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Prime Minister Narendra Modi to Encapsulate Making of New, Innovative India in

Prime Minister Narendra Modi to Encapsulate Making of New, Innovative India in

Business January 14, 2018

In his first appearance at the WEF Annual Meeting — PM Modi is expected to talk about his experience with cooperative federalism in India while urging the world for a collective crackdown on te

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Budget 2018: Realty sector Eyes Lower GST Rate, Infrastructure

Budget 2018: Realty sector Eyes Lower GST Rate, Infrastructure

Business January 14, 2018

The year 2017 was an eventful one for the sector with many structural policy reforms, which resulted in a significant decline in home launches to 1,03,570 units compared to 1,75,822 in 2016.

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Corporate Bonds Hit Record Rs 17.72 Lakh Crore in

Corporate Bonds Hit Record Rs 17.72 Lakh Crore in

Business January 14, 2018

Trading worth about Rs 13 lakh crore in corporate bonds was reported on the two bourses during 2016, going by data compiled by capital market regulator Sebi.

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Commerce Ministry Working on New Support Measures for Next

Commerce Ministry Working on New Support Measures for Next

Business January 14, 2018

The ministry has asked all the commodity boards and the concerned ministries to identify those support structures, which are compliant with global trade rules.

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