Archives
ALL DEALS March 25, 2016 Narendra Modi risks middle-class backlash in bid to spur lending
By: sristy SahaA 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 March 25, 2016 Standard Chartered said to curb $2 billion diamond exposure
By: sristy SahaThough 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 March 25, 2016 Credit Suisse to axe 2,000 more jobs as revenue slumps
By: sristy SahaA 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 […]
NEWS March 25, 2016 Ex-Flipkart duo to launch healthcare start-up, Uber-Ola battle goes to court
By: sristy SahaPhoto: iStock What to watch out for Mukesh Bansal, Ankit Nagori to launch healthcare start-up The duo who left Flipkart earlier this month are teaming up and pooling $5 million to launch a start-up in the area of healthcare and sports and fitness. Uber-Ola battle goes from the streets to court Uber has alleged that […]
ALL DEALS March 25, 2016 Uber-Ola battle goes from the streets to court
By: sristy SahaPhoto: 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 March 23, 2016 For Google, India to be bigger market than US by next year: Pichai
By: sristy SahaSundar 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 March 23, 2016 Project Loon: How Google plans to use balloons to connect India
By: sristy Sahaobal 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 March 23, 2016 Zoho Corp to expand presence in domestic market
By: sristy SahaChennai-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 March 23, 2016 Phishing emails: IT dept sends over 100 fraud links to cyber
By: sristy SahaTaking 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 March 23, 2016 Mukesh Bansal, Ankit Nagori to launch healthcare start-up
By: sristy SahaMukesh 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 […]
ELECTRONICS March 22, 2016 Apple Launches USB-C to Lightning Cable, Tipping New Port for Mac Lineup
By: sristy SahaWhile the iPhone SE, 9.7-inch iPad Pro, and new Apple Watch bands got attention on stage at Apple’s “Let Us Loop You In” media conference, the company also quietly added two USB Type-C to Lightningcables to its online store. The cables could potentially shed some light on the company’s upcoming Maclineup. According to Apple, the […]
COMPUTERS March 22, 2016 BBC Micro:bit PC Begins Shipping to Kids; May Soon Be Available to Buy
By: sristy SahaThe BBC has begun delivering the Micro:bit (also known as Micro Bit) to school children in the United Kingdom. The miniature computer is a take on the BBC Micro, which was provided to hundreds of thousands of students in the 1980s. The Micro:bit fosters program learning among kids. The Micro:bit was originally announced last year […]
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