• ALL DEALS
    Narendra Modi risks middle-class backlash in bid to spur lending

    A backlash already prompted Narendra Modi to backtrack on a budget proposal to tax the provident funds of 37 million employees, a sign of his reluctance to stick with difficult political decisions ahead of a slew of state elections. Photo: Reuters New Delhi: Prime Minister Narendra Modi risks a political backlash among the middle class […]

  • NEWS
    Standard Chartered said to curb $2 billion diamond exposure

    Though diamonds account for less than 1% of Standard Chartered’s $261 billion of loans, gemstones haven’t escaped the scrutiny of CEO Bill Winters. Photo: AP London: Standard Chartered Plc is demanding more loan protection from clients in the Indian and Belgian diamond trade as the bank seeks to tighten standards, according to people with knowledge […]

  • ALL DEALS
    Credit Suisse to axe 2,000 more jobs as revenue slumps

    A file photo of the Credit Suisse office in Milan. This year investment banking revenues have been hit by record low interest rates. Photo: Reuters Zurich: A slump in investment banking revenues prompted Credit Suisse on Wednesday to accelerate its restructuring plan and cut a further 800 million Swiss francs ($821 million) of costs. The […]

  • ALL DEALS
    Uber-Ola battle goes from the streets to court

    Photo: Mint Bengaluru/New Delhi: The fight for market share between taxi aggregators Uber and Ola travelled from the streets to the courts on Tuesday when the former sought almost Rs. 50 crore in damages for losses it claimed to have suffered because of fraudulent practices adopted by its local rival. Ola denied the charges in […]

  • NEWS
    For Google, India to be bigger market than US by next year: Pichai

    Sundar Pichai, global chief executive at Goggle, the giant search engine, believes India will become a bigger marketfor the company than the US sometime in the middle of 2016. In an interaction with half a dozen journalists here on Wednesday, he said it was not only with regard to the use of Android-based phones that […]

  • NEWS
    Project Loon: How Google plans to use balloons to connect India

    obal search giant Google’s Project Loon to provideinternet across geographies comes across as an intriguing idea, especially as it is to be done using floating balloons. The idea caused more curiosity in India when GoogleChief Executive Sundar Pichai said in a press meet on Wednesday that his company was bringing balloon-powered internet to India.   […]

  • NEWS
    Zoho Corp to expand presence in domestic market

    Chennai-based cloud services firm Zoho Corporation is planning to increase focus in domestic market at a time when various overseas markets are slowing down. The company, as part of its strategy, is expected to intensify its marketing and sales in India and expects to increase the contribution of domestic business to its revenue from the […]

  • ELECTRONICS
    Phishing emails: IT dept sends over 100 fraud links to cyber

    Taking note of the spate of phishing and cheat refund emails landing in inboxes of taxpayers, the Income Taxdepartment has referred over 100 such instances to the country’s premier cyber security agency to block thesehackers lurking in the e-world. The department is particularly worried after taxpayersrecently brought to its notice certain emails which have very […]

  • NEWS
    Mukesh Bansal, Ankit Nagori to launch healthcare start-up

    Mukesh Bansal quit Flipkart this month. Photo: Hemant Mishra/Mint Bengaluru: Mukesh Bansal and Ankit Nagori, who left Flipkart this month, are teaming up and pooling $5 million to launch a start-up in the area of healthcare and sports and fitness. The two will register the company over the next month and have started the process […]