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Tuesday , 28 February 2017
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Category Archives: Business

Business

Airtel matches Jio with free roaming calls and data

In an announcement today, Bharti Airtel said that there will not be any charges on incoming calls/SMS and no additional charges on outgoing calls. This will be applicable from April 1, 2017. Additional charges on data while roaming has also been dropped by Airtel. Customer using home data packs can use it throughout India while roaming. These new offers by ... Read More »

Philips teams up with German startup Onelife Health to expand its digital health services in mother and child care

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Amsterdam, the Netherlands, and Hamburg, Germany – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced a partnership agreement with German digital health company Onelife Health to jointly develop innovative connected health solutions around mother and child care. Leveraging synergies between the portfolios of the two companies in this important area of consumer health, the partnership ... Read More »

Intex Technologies Appoints Mr. S P Subramanian as AVP – Sales (Mobile)

SP Subramanian

February, 2017: In line with the Company’s continued effort to strengthen and professionalise its management for achieving accelerated growth and business excellence, Intex Technologies, one of the leading consumer electronics major, has appointed Mr. S P Subramanian as Assistant Vice President – Sales (Mobile) to further strengthen its mobile business. In his new role, Mr. S. P. Subramanian will be handling ... Read More »

From April 1, SBI to Merge with 5 Associates Banks

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SBI will get merged with its five associate banks from 1st April 2017. SBI is the largest bank in India and now after this merger it will become largest consolidation in Indian banks’ history. The merger will be made among State Bank of Bikaner and Jaipur,   State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and ... Read More »

Snapdeal can downsize 50-60% of workforce; 100% pay cut for founders

Struggling with falling revenue, Snapdeal has announced that there are likely to be large scale lay-offs in the company. The founders Kunal Bahl and Rohit Bansal have made their intentions clear by taking a 100% pay cut. The founders also acknowledged that there were some errors in strategy, which led to the company’s diminishing fortunes. The lay-offs are an attempt ... Read More »

Impact of Union Budget 2017-18 on Real Estate Sector

The government’s move to demonetize of Rs 500 and Rs 1,000 currency notes had an adverse impact on the real estate sector. However, in the long run, the demonization is likely to prove beneficial for the realty sector. Further, the government has made some favorable announcements in the Union Budget 2017-18, which are expected to boost the realty sector. Here ... Read More »

New 1000 note to be launched soon; fake Rs 500 notes printed in Pakistan

Sources have revealed that new Rs 1000 currency notes will soon be released by RBI. Reports claim that RBI has already started printing the new Rs 1000 currency notes. On the condition of anonymity, sources have revealed that the release of new Rs 1000 notes was scheduled for January 2017, but the same could not be achieved because of the ... Read More »

TCS announces Rs 16,000 crore share buyback

Aiming to return surplus cash to shareholders, TCS today announced the buyback of Rs 16,000 crore worth of shares. The TCS board has taken a decision to buyback up to 5.61 crore shares at the price of Rs 2,850 per share. This amounts to 2.85 percent of its share capital. The decision has been taken at a time when there ... Read More »

Asian Millennials Face Critical Retirement Finance Crunch – Manulife Survey

Average millennial expects to accumulate only one-third of what is typically required for retirement 3 in 10 millennials expect to run out of money in retirement, and nearly 4 in 10 expect to carry mortgage debt into their retirement years HONG KONG, CHINA - 21 February 2017 - A new survey of Asian investors reveals that millennials in the region are at substantial ... Read More »

Debit card transactions to cost less with reduced MDR

The Reserve Bank of India (RBI) has issued a draft circular, which talks about reducing the Merchant Discount Rate (MDR). The MDR is a charge that is levied on debit card transactions. The RBI has proposed rationalization of MDR charges to encourage people to use digital payment modes. The RBI feels that the momentum of digital transactions need to be ... Read More »

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