Companies News

Amazon.com sends TikTok ban email to employees, later calls it error

Amazon.com sends TikTok ban email to employees, later calls it error

It was not immediately clear what led to the initial ban by Amazon. One person familiar with the matter said senior Amazon executives were unaware of the request to delete TikTok from employee

Jul 11, 2020, 07:03 AM IST
Indian Railways opens bidding for Vande Bharat Express semi-high speed train sets project

Indian Railways opens bidding for Vande Bharat Express semi-high speed train sets project

Indian Railways currently operates two world-class Vande Bharat trains. The first train runs between New Delhi and Varanasi and the second between New Delhi and Katra. 

Jul 10, 2020, 20:00 PM IST
Penalty of upto Rs 1 lakh or jail term if e-commerce companies fail to declare country of origin on portal

Penalty of upto Rs 1 lakh or jail term if e-commerce companies fail to declare country of origin on portal

The Centre has told e-commerce companies to declare country of origin on of products on their portals or be prepared to pay penalty of upto Rs 1 lakh or jail term or both.

Jul 10, 2020, 16:54 PM IST
India.com crosses 35 million users in May 2020, grows 4.3x in users over previous year

India.com crosses 35 million users in May 2020, grows 4.3x in users over previous year

India.com’s growth was a key contributor to Zee Digital becoming the third-largest digital media network after Times Network and Network 18 as it crossed 185 million unique users on ComScore in May

Jul 10, 2020, 15:50 PM IST
PNB reports fraud of Rs 3,688.58 cr in DHFL account

PNB reports fraud of Rs 3,688.58 cr in DHFL account

The DHFL came in the eye of the storm after a report suggested that the company, through layers of shell companies, allegedly siphoned off Rs 31,000 crore out of total bank loans of Rs 97,000 crore.

Jul 10, 2020, 14:00 PM IST
Navrattan Green Cement is India’s answer to infrastructure air pollution

Navrattan Green Cement is India’s answer to infrastructure air pollution

Chairman Himansh Verma says it is time to repair mother earth with Navrattan Green Crete.

Jul 09, 2020, 17:09 PM IST
PNB fraud case: Enforcement Directorate seizes Rs 329 cr assets of Nirav Modi in India, UAE and United Kingdom

PNB fraud case: Enforcement Directorate seizes Rs 329 cr assets of Nirav Modi in India, UAE and United Kingdom

Nirav Modi and his uncle Mehul Choksi, among others, are being probed by the ED on money laundering charges in connection with alleged bank fraud of Rs 14,000 crore at PNB branch in Mumbai.

Jul 08, 2020, 20:03 PM IST
SpiceJet offers Covid-19 insurance cover for passengers starting at Rs 443 a year

SpiceJet offers Covid-19 insurance cover for passengers starting at Rs 443 a year

Insurance cover includes tests, medication and consultations upon testing positive for COVID-19. 

Jul 08, 2020, 17:44 PM IST
E-commerce firms like Amazon, Flipkart, others asked to show country of origin on each product sold at their portal

E-commerce firms like Amazon, Flipkart, others asked to show country of origin on each product sold at their portal

DPIIT has set August 1 as the deadline to display the origin of products on the website of online retailers.

Jul 08, 2020, 17:10 PM IST
Deutsche Bank fined $150 million for ties with sex offender Jeffrey Epstein

Deutsche Bank fined $150 million for ties with sex offender Jeffrey Epstein

The New York State Department of Financial Services said on Tuesday that the agreement marks the first regulatory enforcement action against a financial institution for dealings with Epstein, the

Jul 07, 2020, 21:32 PM IST
ICICI Bank to reward 80k employees with up to 8% pay hike for work done during COVID-19

ICICI Bank to reward 80k employees with up to 8% pay hike for work done during COVID-19

ICICI Bank had reported a 26 per cent surge in its March quarter net at Rs 1,221 crore on a standalone basis.

Jul 07, 2020, 18:14 PM IST
Saurav and Animesh are breaking barriers in Digital PR, from being jobless in 2017 to building a 6 crore valuation company

Saurav and Animesh are breaking barriers in Digital PR, from being jobless in 2017 to building a 6 crore valuation company

Savin Communication’s eureka moment came in 2019 itself, when their existing clients starting ramping up the digital coverage for themselves, allowing the company to consolidate itself. 

Jul 07, 2020, 18:05 PM IST
Flyers can book extra seat on Vistara for safety amid COVID-19 situation

Flyers can book extra seat on Vistara for safety amid COVID-19 situation

The airline is also looking to other parts of the world by using B787, while flights to secondary or tertiary routes are doing well-generating demand. 

Jul 06, 2020, 19:05 PM IST
Thierry Delaporte takes charge as Wipro CEO, Managing Director from today

Thierry Delaporte takes charge as Wipro CEO, Managing Director from today

Rishad Premji will oversee the day-to-day operations of the company until July 5, Wipro had said in a statement.

Jul 06, 2020, 15:28 PM IST
Axis Bank seeks shareholders nod to raise Rs 50,000 crore via debt securities, equity

Axis Bank seeks shareholders nod to raise Rs 50,000 crore via debt securities, equity

Under the proposal, Axis Bank will raise Rs 35,000 crore through debt securities in Indian or foreign currency, while Rs 15,000 crore to be raised through issuance of equity shares or securities

Jul 04, 2020, 01:14 AM IST
CBI registers fraud cases against Punjab Basmati Rice and Santosh Overseas, raids their offices

CBI registers fraud cases against Punjab Basmati Rice and Santosh Overseas, raids their offices

According to the FIR registered with CBI, the accused took loans of Rs 350 crore from a consortium of banks led by Canara Bank, which also extended a loan of Rs 174.89 crore.

Jul 02, 2020, 21:31 PM IST
Zee Digital crosses 185 million users in May 2020 on ComScore, registers 168% growth over previous year

Zee Digital crosses 185 million users in May 2020 on ComScore, registers 168% growth over previous year

All the flagship brands of the Zee Digital showed massive growth. ZeeNews.com, ZeeBusiness.in, WioNews.com, India.com, BollywoodLife.com, BGR.in, and TheHealthsite.com registered three-figure growth

Jul 02, 2020, 19:36 PM IST
UPI payments record all-time high of 1.34 billion transactions in June

UPI payments record all-time high of 1.34 billion transactions in June

UPI payments had fallen to 999.57 million in terms of volume with transactions worth Rs 1.51 lakh crore in April, following the coronavirus-induced lockdown that halted almost all services, except

Jul 02, 2020, 14:24 PM IST
Parminder Chopra takes charge as director (finance) at Power Finance Corporation

Parminder Chopra takes charge as director (finance) at Power Finance Corporation

Chopra was working as Executive Director (Finance) at Power Finance Corporation (PFC) before assuming charge as Director (Finance), PFC.

Jul 01, 2020, 18:01 PM IST
Carlyle to acquire about 25% stake in Airtel’s Data Centre business for $1.2 billion

Carlyle to acquire about 25% stake in Airtel’s Data Centre business for $1.2 billion

Nxtra from Airtel offers secure data centre services to leading Indian and global enterprises, hyperscalers, start-ups, SMEs and governments.

Jul 01, 2020, 09:42 AM IST