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100% FDI in e-commerce marketplaces: Huge online discounts may end soon

The government's new e-commerce policy that has eased the restrictions for 100% foreign direct investment (FDI) in B2C online marketplace, confines e-commerce companies from directly or indirectly manipulating the sale price of goods on online marketplaces.


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Deal reached, minimum wage in California to be $15 an hour

A tentative deal has been reached between California legislators and labor unions taking the minimum wage of the state from $10 to $15 an hour, a state senator said.


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Flipkart, Snapdeal online battle escalates over Alibaba's entry

Earlier this month, Chinese e-commerce giant Alibaba Group's Jack Ma announced his plans of entering India to build businesses organically. The company is presently evaluating all opportunities to do so or any...


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Adobe revamps Marketing Cloud, launches co-op for cross device marketing

Adobe on Tuesday renovated its Marketing Cloud with a common user interface, better integration among its core tools, enhancements for mobile and more analytics features.


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Govt assures but jewellers get tax notices from excise dept

Gold jewellers and associations across the country ended their 18-day strike over the tax of 1% excise duty on gold jewellery, on late Saturday night after the government's word that they will not be hassled by the...


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Vijay Mallya probe: CBI looking into 6 lakh transactions across 4 nations

The Central Bureau of Investigation (CBI), while narrowing down on business tycoon Vijay Mallya's overseas transactions to four nations, has scaled up their investigation and will be looking into more than six lakh transactions that have taken place since the year 2004.


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Kingfisher loan case: ED summons former IDBI chairman Yogesh Agarwal

The Enforcement Directorate on Tuesday issued a summon notice for former IDBI chairman Yogesh Agarwal in connection with the Kingfisher loan case. The agency has been questioning IDBI officials about the loan disbursal to Vijay Mallya's company.


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Vijay Mallya has no plans of returning to India any time soon

It was a stormy week for the beleaguered business tycoon Vijay Mallya. The Parliament raged over him. The Congress walked out, political parties engaged in their usual blame game, but it resulted in no...


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Govt and Opposition clash over Vijay Mallya in Parliament

Liquor mogul Vijay Mallya's possible disappearance to the UK amidst a fight to recover hundreds of crores in unpaid loans caused friction in Parliament today.


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EPF tax withdrawn; Jaitley scraps proposed tax on provident fund

The Union Government has decided to withdraw its proposal to tax Employees Provident Fund (EPF) withdrawals above 40 percent of the accumulated corpus. The opposition parties claimed credit for compelling finance minister Arun Jaitley to do a rethink.


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SBI moves SC to bar Mallya from leaving India; hearing on Wednesday

Liquor baron Vijay Mallya, who owes thousands of crores in debts, should be barred from leaving India, a group of banks said in a petition to the Supreme Court.


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Aubrey McClendon, Chesapeake Energy Ex-Chief, Dies In Crash Day After Indictment

Aubrey McClendon, a founder and former chief executive of Chesapeake Energy, died in a car crash on Wednesday, a day after he was charged with conspiring to rig bids for oil and natural gas leases.


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'Forbes' 2016 richest list: Zuckerberg races up

In Forbes' 2016 billionaires list of the world's richest people, Facebook CEO Mark Zuckerberg moved up 10 places from last year to reach sixth spot becoming the biggest gainer, the business magazine said Tuesday.


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Former Chesapeake CEO Aubrey McClendon charged with bid-rigging of land leases

Aubrey McClendon, former chief executive officer (CEO) of Chesapeake Energy Corp, was charged on Tuesday with conspiring to rig bids to buy oil and natural gas leases in Oklahoma, according to the Justice Department.


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Metals firm owner arrested for allegedly sending missile powder to Iran

The head of an international metallurgical company has been taken under arrest on charges that he smuggled a specialized powder used in aerospace and in designing missiles to Iran, federal prosecutors said Tuesday.


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Jaitley yet to decide on taxing PF: What you need to know

The finance ministry on Tuesday said a final view was yet to be taken over tax treatment of provident fund contributions proposed in the union budget.


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Vijay Mallya's USL exit: Kingfisher Airlines lenders to move DRT

The association of 17 lenders to the long grounded Kingfisher Airlines have decided to approach the Debt Recovery Tribunal (DRT) against the airline Chairman Vijay Mallya to place their bets on the USD 75...


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Budget 2016-17: No change in I-T slabs

Union Finance Minister Arun Jaitley unveiled a budget for the poor on Monday, announcing new rural aid and health programmes in a strategy that could improve BJP's winning chances in coming state elections.


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Eco Survey 2016: Need to create more jobs, use technology for faster growth

Chief economic adviser Arvind Subramanian has come up with a comprehensive road map to address India's most demanding labour market task of creating jobs in the formal sector and identifying ways to help country climb the technology ladder which can promote faster medium-term growth.


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LIC buys 60% of NTPC shares on offer; ups stake to 12.98%

Life Insurance Corporation of India (LIC) has bought almost 60% of the NTPC shares sold by the government, taking its stake in India's biggest power producer to 12.98%.


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Vijay Mallya steps down; will receive Rs 515 cr from Diageo

Vijay Mallya, Chairman of United Spirits Ltd will receive $75 million (Rs 515 crore) from Diageo as part of an "agreement" for his departure from the company. The company was established by his family and now run by the global liquor giant.


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Cabinet Ends Surcharge, Service Charge on Digital Payments

The cabinet chaired by Prime Minister Narendra Modi has approved the measures to promote electronic payments through plastic money and digital means. These include the withdrawal of surcharge, service charge...


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Glenmark gets FDA nod for contraceptive pills

Glenmark Pharmaceuticals USA has been granted final approval by the US Food & Drug Administration (USFDA) for generic oral contraceptive norgestimate ethinyl estradiol tablets.


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Starbucks changes terms of rewards program; small spenders lose

American coffee company chain, Starbucks, is changing the terms of its rewards program so that people who just get a regular cup of coffee will have to spend more to earn a freebie.


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Freedom 251 mobile price of Rs 251 draws attention of Income Tax Department

Ringing Bells Private Limited, makers of the world's cheapest smartphone, has come under the scanner of income tax department as debates around the feasibility of offering a Rs 251 smartphone continue.


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Was Yelp being fair in firing Talia Jane?

Washington: A major debate started on the Internet this weekend when Yelp sacked one of its customer service agents, Talia Jane, hours after she posted an article to Medium entitled, An Open Letter To My CEO.


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Ringing bells abruptly closes Freedom 251 booking

Noida-based Ringing Bells Private Ltd has closed the booking of India's cheapest smartphone Freedom 251.


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Amit Mitra is new chairman of GST committee of state finance ministers

West Bengal Finance Minister Amit Mitra has been named the new chairman of the Empowered Committee of State Finance Ministers on Goods and Services Tax (GST) on Friday.


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Xpressbees bags Rs 85 cr funding from SAIF Partners, IDG Ventures

Logistics firm Xpressbees has secured Rs 85 crore in funding from its existing investors, which include SAIF Partners, IDG Ventures India, NEA, Valiant Capital and Vertex Ventures.


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India tells Vodafone to pay up $2 billion or assets will be seized

The Indian tax authorities have sent a notice to Vodafone Plc, which is engaged in arbitration with the government in a tax case, threatening to seize assets if the company did not pay up $2.1 billion in taxes, according...


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