Category Archives: Economy

Diesel Scandal: Audi CEO, Rupert Stadler arrested in Germany

On Monday, CEO of Volkswagen’s luxury arm Audi was arrested in Germany for the German carmaker’s emissions test cheating scandal. The most senior company official so far has been taken into custody of Germany Police. Munich prosecutors said Rupert Stadler was being taken into custody due to possibilities he might obstruct an ongoing investigation into the […]

Facebook’s tracking tools blocked by Apple

After data leak controversy of Facebook, Apple has taken a step further to swipe Facebook’s data collection business model. Towards the end of a two-hour developer keynote at its Worldwide Developer Conference (WWDC), senior vice president of software Craig Federighi, proudly sent a quiet panic going through the adtech industry: he announced the next version of […]

ICICI Bank hunts for a new Chairman, Bank of Baroda’s MD Mallya approached

After allegations made against ICICI CEO Chanda Kochhar for allegedly providing loans to benefit family member, ICICI bank is now hunting for a new Chairman to pull the bank out of the mess. Expert banker and ex-Chairman and managing director of Bank of Baroda MD Mallya is expected to replace Mr. Sharma, two people aware […]

Government to merge 4 public sector banks

Rising bad debts and liabilities has led to a cause of concern for Central Government, realizing them to consider a plan to merge 4 public sector banks namely, IDBI Bank Ltd., Oriental Bank of Commerce, Bank of Baroda, and Central Bank of India. This move of the government will aid banks suffering from high non-performing […]

Amazon’s Prime Now, express delivery in 2 hours

Amazon has scaled up the Amazon Now App for express doorstep delivery in two-hours of daily essentials with over 10000 products, and re-branded “Prime Now”. To avail express delivery, customers are required to place their order between 6am and midnight. Amazon has launched its e-trailer on Tuesday evening. The app-only service available for both Android […]

Petrol, Diesel Prices hiked for the 15th Day in a row

Petrol and diesel prices continued their upward movement on Monday. While petrol prices were hiked by 15 paise per litre in Delhi, Kolkata, Mumbai and Chennai, diesel prices were raised by 11-12 paise per litre. Monday’s increase in petrol and diesel prices marked a fifteen straight day of hikes, which followed a 19-day hiatus ahead […]

TCS market capitalisation surges Rs. 7 lakh crores mark

NEW DELHI: Tata Consultancy Services (TCS) has accomplished a huge milestone on Friday as market valuation surged past the Rs. 7 lakh crores mark. TCS shares gained as much as 2 per cent today to Rs. 3,674, rising for a second straight day. TCS share price had jumped over 3 per cent on Thursday as the recent bout […]

Food ministry moves Cabinet note on sugar buffer stock, minimum ex-mill price

NEW DELHI: The food ministry has moved a draft Cabinet note on creating a sugar buffer stock of 3 million tonne and fixing a minimum ex-mill price to help cash-starved millers clear cane arrears which have surged to about Rs 22,000 crore. This economic condition emerged after a record rise in sugar production and declining […]

TCS propels Tata group into Rs 10-trillion club; shares hit lifetime high

Tata Consultancy Services (TCS) has played a major role in establishing Tata Company as the first private business group to enter the Rs.10 trillion market capitalization league. The double-digit rally in the TCS Share price in the current year made this to happen. TCS shares hit the lifetime high when on Friday shares closed at […]

I-T Dept warning to salaried taxpayers: 8 common inaccuracies every taxpayer should take care of NOW

Hereafter the warning given to salaried taxpayers by Income Tax Department, it is significant to know 8 common inaccuracies of income tax. Are you a salaried person, usually conceal a part of the income from IT department in a bid to save tax? Then you have more reasons to be concerned as the IT department […]