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Cab aggregator Uber |File photo
Uber grounds self-driving cars after accident

Uber has grounded its fleet of self-driving cars pending an investigation into the crash of an Uber autonomous vehicle in Arizona.

18 hours ago

Image used for representational purpose only
By 2021, 4 out of 10 jobs would be lost to automation: Experts

Automation is the new norm across sectors and will affect the bottom of pyramid so much so that four out of every 10 jobs globally would be lost due to this by 2021.

19 hours ago

Music, management and the mahatma

Unbridled enthusiasm and untiring passion to make a difference are qualities one sees in R K Mishra, Director of the Institute of Public Enterprises (IPE), Hyderabad.

19 hours ago

‘Fee changes shouldn’t come as a surprise’

The average compliance level of Indian banks in communicating to customers on charges, penalties, etc., is now 78% from 49% a decade ago.

20 hours ago

‘Cash more expensive than people think’

Bank charges on cash transactions are a product of the increasing costs incurred by banks, while servicing a customer.

20 hours ago

File Photo of RBI. | Reuters
Bank fees: Time for an RBI intervention?

In reality, some of these charges existed in the past, and were simply re-introduced, but the move rankled customers, who believe they are skinned by banks in return for their services.

20 hours ago

Jindal to set up mega steel project in Odisha

The company has proposed to set up a integrated steel project with a captive power plant of 900 MW capacity with an investment of Rs 50,000 crore.

26 Mar 2017

Representational picture only.
Will MRP be a thing of the past?

The government might consider revoking the cap to align with international standards and let free market forces decide the price.

25 Mar 2017

Gold bars | REUTERS
Gold weakens on global cues, muted demand

Bullion traders said besides a weak trend overseas, easing demand from local jewellers at domestic spot market at prevailing levels mainly led to the decline in gold prices

25 Mar 2017

The renamed Directorate General of Goods & Service Tax Intelligence is also being strengthened and expanded to become an important wing of the government in its fight against tax evasion and black money.
CBEC to be renamed CBIC under GST regime

The existing formations of central excise and service tax under the CBEC have been re-organised to implement and enforce the provisions of the proposed GST Laws, it added.

25 Mar 2017

Bajaj Auto Ltd. plant in Pune. (File Photo | Reuters)
Bajaj, Kawasaki end alliance in India

The Pune based company is focusing on its partnership with Austrian firm KTM, under which it has been converting its Probiking outlets, where Kawasaki motorcycles were also sold, into KTM dealerships.

25 Mar 2017

Finance and Defence Minister Arun Jaitley (File | AP)
Finance Bill 2017: The good, bad and ugly

A look at what what the finance bill 2017 deals with.

25 Mar 2017

Wall street.(Photo | Reuters)
Bull market not dead as tax reform takes spotlight

Anxiety over prospects for the healthcare bill gave stocks their largest weekly drop since the November presidential election.

25 Mar 2017

President Donald Trump announces the approval of a permit to build the Keystone XL pipeline, clearing the way for the $8 billion project. AP
Donald Trump's US jobs push may open doors to China in Mexico: ICBC bank

Fears of a hit to foreign investment ran high when Ford Motor Co cancelled a $1.6 billion plant in Mexico's central state of San Luis Potosi in January.

25 Mar 2017

Indian Railways sector.(Photo |Reuters)
Short of track, Indian Railways eyes private suppliers in blow to state steel firm SAIL

The vast state rail operator is undergoing a $130 billion, five-year overhaul to modernise the world's fourth-largest network, which is blighted by ageing track and saturated capacity.

25 Mar 2017

A busy office building is photographed from a tourist platform on early evening in Frankfurt, Germany, January 31, 2017. (Photo | Reuters)
Number of newly-minted millionaires at Europe's big banks is shrinking

The post-crisis attrition that has seen tens of thousands of jobs slashed across the industry has further diminished employees' bargaining power.

25 Mar 2017

State Bank of India Chairman Arundhati Bhattacharya. | EPS
SBI chairman Arundhati Bhattacharya features in Fortune's 'Greatest Leaders' list

With this, Arundhati Bhattacharya has become the only Indian corporate leader to be featured in the list.

25 Mar 2017

Infrastructure equipment finance business on a robust growth path

According to experts and sector insiders, the total size of the infrastructure equipment finance business in the country could be anything between Rs 25,000 crore and Rs 30,000 crore.

25 Mar 2017

Toyota Lexus drives down three luxury models to Indian market

The company officials were not yet keen to manufacture these products locally in India and said they watch the market conditions.

25 Mar 2017

Jio’s free offer has not caused distress in sector

Trai is likely to send its response to the Telecom Commission by Wednesday.

25 Mar 2017

Pradhan launches e-seva for consumers

A team of nodal officers from oil companies and allied services has been formed to address issues on a real-time basis.

25 Mar 2017