Business News


India has great opportunity to make steel for domestic, global needs: Tata Steel CEO

India, being richly endowed with iron ore, has a great opportunity to make steel in India, for India, and for the world, he said.

published : 27 Nov 2022

Over 396 million gamers in India, 2nd largest in world

India now makes up 50.2 per cent of all gamers in the top 10 Asian countries' list, according to the data provided by market research firm Niko Partners.

published : 27 Nov 2022

NITI Aayog VC expresses concern over revival of old pension scheme

Under the new pension scheme, employees contribute 10 per cent of their basic salary towards pension while the state government contributes 14 per cent.

published : 27 Nov 2022

WhatsApp phone numbers of about 500 mn users leaked: Report

However, the hacker did not specify how they obtained the data, suggesting they "used their strategy," and that all the numbers belong to WhatsApp users, said the report.

published : 27 Nov 2022

CPI miffed with Sitharaman for time limit to trade unions for pre-budget consultations

The Rajya Sabha MP Binoy Viswam urged Sitharaman to allow reasonable time for the trade unions so that there can be an effective consultation on pressing issues

published : 27 Nov 2022

Budget 2023-24: Miners' body FIMI seeks withdrawal of export duty on bauxite 

Bauxite is the principal ore of aluminum and therefore the mineral is the essential raw material for aluminium producers.

published : 27 Nov 2022

First Hero-Harley co-developed bike likely to hit market in two years 

The launch is part of Hero MotoCorp's plans to strengthen its position in the premium segment.

published : 27 Nov 2022

Kirit Parikh panel likely to recommend price cap for ONGC gas, no change in formula for Reliance 

For the legacy or old fields of Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL), the committee is likely to recommend a floor or minimum base price and cap or ceiling rates.

published : 27 Nov 2022

Reducing taxes on automobiles can boost sector, benefit economy: Vikram Kirloskar 

Although at the moment India cannot afford to slash the tax rate on automobiles drastically, he said a plan to reduce cess on the industry can be looked at.

published : 27 Nov 2022

Data protection bill: Govt get personal data access only in exceptional situations, says MoS IT

Speaking during an online discussion, the minister said the National Data Governance Framework Policy has provision for handling anonymisation of data -- which is not part of the DPDP Bill 2022.

published : 27 Nov 2022

Layoffs mount as recession looms

Hiring has declined in technology that employs five million people in India, and another five million in the services segment associated with technology.

published : 27 Nov 2022

New refinery in Tamil Nadu to boost economic growth in the region

A Joint Venture Agreement has been signed by IOC and CPCL with five seed equity partners recently.

published : 27 Nov 2022

OYO posts R333 cr loss in Q2, plans IPO in Q1 2023 

Like many other new-age companies, Oyo is also a loss-making enterprise and there is significant curiosity around the valuation it would seek in the public market.

published : 27 Nov 2022

Big tech layoffs may be a long-term carnage

The Ukraine War has created a spiraling energy crisis and a global economic slowdown that is hitting Big Tech hard.

published : 27 Nov 2022

US bans gear from China's Huawei and ZTE over security risk

The move is the latest in a series of actions to limit the access of Chinese telecom firms to US networks and comes during a long-running standoff between the world's two biggest economies.

published : 26 Nov 2022