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Snapchat daily active users reaches 203 million globally, rejigs India strategy

Snapchat daily active users reaches 203 million globally, rejigs India strategy

Indian market, Photo-messaging app Snapchat has added 13 million new users to reach 203 million daily active users globally for the first time, as its parent company Snap reported $388 million in

Jul 24, 2019, 14:12 PM IST
Lakshmi Mittal’s brother Pramod Mittal detained for organised crime in Bosnia

Lakshmi Mittal’s brother Pramod Mittal detained for organised crime in Bosnia

Pramod Mittal, the younger brother of steel magnate Lakshmi Mittal, heads the supervisory board at metallurgical coke producer Global Ispat Koksna Industrija Lukavac.

Jul 24, 2019, 09:02 AM IST
L&T Q1 net rises 20.5% to Rs 1,361 crore, revenue rises 9.7%

L&T Q1 net rises 20.5% to Rs 1,361 crore, revenue rises 9.7%

The overall PAT, including the PAT from discontinued operations for the quarter April to June, 2019 grew by 21.2 percent to Rs 1,473 crore as against Rs 1,215 crore for the corresponding quarter of

Jul 23, 2019, 18:19 PM IST
Telecom Secretary Aruna Sundararajan likely to get 3-month extension

Telecom Secretary Aruna Sundararajan likely to get 3-month extension

The Department of Telecom had recommended her extension from August 1 to the Appointments Committee of the Cabinet and she is likely to get a three-month extension, said the sources. She had joined

Jul 23, 2019, 15:29 PM IST
No blanket crypto trading ban yet in India

No blanket crypto trading ban yet in India

Responding to questions in the Rajya Sabha on whether the government has prohibited cryptocurrency in the country, Minister of State for Finance and Corporate Affairs Anurag Thakur this week said the

Jul 22, 2019, 17:41 PM IST
IndiGo to expand Board to 10 members including 4 independent directors

IndiGo to expand Board to 10 members including 4 independent directors

Currently Indigo board comprises six members – Chairman M. Damodaran, Rahul Bhatia, Rakesh Gangwal, Anupam Khanna, Anil Parashar, and Rohini Bhatia who is an independent woman board member.

Jul 22, 2019, 13:11 PM IST
Xiaomi's global spokesperson, POCO head call it quits

Xiaomi's global spokesperson, POCO head call it quits

In another senior-level exit, Xiaomi India's sales head for brick-and-mortar business, Deepak Nakra, also resigned and recently joined rival Realme India's offline business sales department.

Jul 22, 2019, 12:53 PM IST
TikTok's parent company ByteDance plans to set-up data centre in India

TikTok's parent company ByteDance plans to set-up data centre in India

Tik Tok's parent company ByteDance on Sunday said it was planning to set-up data centre in India. The Chinese company said that it is in the process of examining options for safe, secure and reliable

Jul 22, 2019, 06:36 AM IST
Aditya Birla Idea Payments bank to shut down operations

Aditya Birla Idea Payments bank to shut down operations

The Aditya Birla Idea Payments Bank has shut down all operations across the country on Saturday

Jul 20, 2019, 14:44 PM IST
Reliance Jio Q1 Net rises 45.6% to Rs 891 crore

Reliance Jio Q1 Net rises 45.6% to Rs 891 crore

Reliance Jio posted EBITDA of Rs 4,686 crore, up 49 percent year-on-year and an EBITDA margin of 40 percent, the company said in a statement. Jio made with gross subscriber additions of 33.8 million

Jul 19, 2019, 18:59 PM IST
Reliance Industries Q1 Net rises 6.8% to Rs 10,104 crore

Reliance Industries Q1 Net rises 6.8% to Rs 10,104 crore

In FY 2019-20 Reliance posted record quarterly consolidated revenue of Rs 172,956, up 22.1 percent year-on-year, the company said in a statement.

Jul 19, 2019, 18:34 PM IST
Government launches AC scheme, EESL to sell 5.4-star rating ACs at Rs 41,300

Government launches AC scheme, EESL to sell 5.4-star rating ACs at Rs 41,300

This ACs under the scheme can be booked by visiting EESL's official website eeslmart.in.

Jul 18, 2019, 18:03 PM IST
CARE Ratings sends CEO Rajesh Mokashi on leave over anonymous complaint

CARE Ratings sends CEO Rajesh Mokashi on leave over anonymous complaint

CARE Ratings has named Executive Director (Ratings) TN Arun Kumar as its interim chief executive officer.

Jul 18, 2019, 16:33 PM IST
Wipro net profit rises 12.6%, revenue rises 5.3% in Q1

Wipro net profit rises 12.6%, revenue rises 5.3% in Q1

IT services business grew 4.3 percent to Rs 14,189 crore for the quarter from Rs 13,841 crore a year ago, but declined 5 percent sequentially from Rs 14,565 crore.

Jul 18, 2019, 11:01 AM IST
Netflix to roll out cheaper mobile-only plan in India

Netflix to roll out cheaper mobile-only plan in India

Netflix currently offers three monthly plans in India, priced between 500 rupees and 800 rupees.

Jul 18, 2019, 09:23 AM IST
Yes Bank posts 91% drop in quarterly profit, asset quality hit

Yes Bank posts 91% drop in quarterly profit, asset quality hit

Net profit for the three months ended June 30 came in at 1.14 billion rupees ($16.57 million), compared with 12.60 billion rupees last year. Analysts, on average, were expecting it to earn 2.79

Jul 17, 2019, 17:58 PM IST
IndiGo announces 6 new international flights

IndiGo announces 6 new international flights

IndiGo will launch daily non-stop flights connecting Delhi with Jeddah, and Mumbai with Kuwait. Additionally, the airline will also launch its third non-stop daily flights between Mumbai and Dubai.

Jul 17, 2019, 17:38 PM IST
Modi government plans Air India's divestment by year-end: Sources

Modi government plans Air India's divestment by year-end: Sources

During its first term, the Modi government had tried to exit from the debt-burdened Air India, but it failed to get any potential buyer, and had to eventually defer plans of divestment.

Jul 17, 2019, 15:31 PM IST
Mukesh Ambani, India's richest person, world's 13th wealthiest in Bloomberg Billionaires Index

Mukesh Ambani, India's richest person, world's 13th wealthiest in Bloomberg Billionaires Index

Amazon Founder and CEO Jeff Bezos is the world's richest person with a total net worth of USD 125 billion, according to the Bloomberg Billionaires Index.

Jul 17, 2019, 14:11 PM IST
Anand Mahindra listens to Twitter advice; says plastic bottles will be banned from corporate boardrooms

Anand Mahindra listens to Twitter advice; says plastic bottles will be banned from corporate boardrooms

After a Twitter user pointed a photo of a meeting shared by him, asking him to instead replace them with steel bottles, Mahindra replied that he was embarassed to see them as well.

Jul 17, 2019, 12:19 PM IST