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Only 3000 Indians Are Earning More Than Rs 5 Cr Annually; Total 48,000 Crorepatis In India –…
Income Tax department has revealed some interesting statistics related with wealth of Indians, who decided to declare their incomes last year. Relatively, annual declaration of income has increased at an astonishing pace, and the…
Wipro’s Holmes AI Unleashes Massive Transformation- Work Done by 10,000 Engineers Would Now Be…
Decades later, there would be a case study done by management graduates on the impact of Artificial Intelligence on the basic business model of IT companies. And Holmes AI from Wipro would be the benchmark to study such business…
GST Tax Rate Slabs Demystified – From 0% to 28% in 4 Tax Slabs
Centre and State Governments have finally reached a consensus on determining the tax rate slabs under Goods and Services Tax Bill. This will help in breaking the barriers which restrained pan-India implementation of GST and in unifying…
LG is India’s Most Attractive Brand, Followed by Sony & Samsung Mobiles; FMCG Has the Highest…
The biggest report for all foreign and local brands in India, the India’s Most Attractive Brand 2016 report is out by TRA research. Samsung Mobiles was crowned the leader in 2013 and 2015, but has been dethroned this time by a lesser…
Andhra Pradesh, Telangana Dethrone Gujarat To Rank #1 In Ease Of Doing Business In India
Andhra Pradesh and newly formed state Telangana are fast becoming the most preferred destination for starting a new business, thanks to speedy reforms and precise allocation of funds to boost entrepreneurship.
In the latest 'Ease of…
Chinese Goods Suffer 60% Dip In Sales This Diwali; Made In China Products May Become Expensive Now
The Confederation of All India Traders (CAIT), a powerful lobby of traders and merchants have said that Chinese goods suffered a massive dip of 60% in overall sales this Diwali. Not only crackers but electronics gadgets and lighting…
RBI Warns Common Man of Rs 500, 1000 Counterfeit Currency Notes; 5 Ways To Examine Them!
On the eve of Diwali, which is considered as the peak season for shopping by Indians, RBI has cautioned to examine Rs 500 and Rs 1000 currency notes before accepting them in a transaction. This advisory by RBI is deemed as crucial, as…
Indian Media & Entertainment Sector On A Roll – Revenues Will Cross Rs 1.3 Lakh Cr By…
As per a recent research by CII and The Boston Consulting Group, Indian entertainment and media industry is witnessing an aggressive growth rate, which is in continuation with the last 5 years average. In fact, by the time 2016 ends,…
Apple Bleeds Red: Annual Profits Decline 1st Time in 15 Years, But iPhone Sales in India Increase by…
Since 2001, Apple has been declaring an increase in sales and revenue every year; but the good spell has been broken in 2016. For the first time in 15 years, Apple has posted a decline in sales, revenue and profits, thereby triggering…
4 Possible Reasons Why Cyrus Mistry Was Unceremoniously Removed As Chairman Of Tata Sons!
Corporate world went into a tizzy yesterday, when news came in that Cyrus Mistry, Chairman of Tata Sons for the last 4 years, was suddenly removed by the Board.
48 year old Cyrus was only the second non-Tata to take charge of the…
Local Trade Bodies Claim 40% Decrease in Made In China Sales This Diwali; Is #BoycottChinese…
The brand value and power of ‘Made in China’ has certainly shaken, and stirred after calls for #BoycottChinese erupted across social media in India.
Although some Chinese companies reported bumper sales this festive season, and…
Chinese Media Makes Fun Of #BoycottChinese Campaign; Describes Investment in India as ‘Suicidal’
The on-going war of words between India and China regarding business relations and trade ties is refusing to subside. In a scathing attack launched by state-sponsored media, a Chinese publication has said that India can only ‘bark’ when…
HDFC, ICICI Bank, Axis Bank, SBI & Yes Bank Worst Hit With Malware Attacks; 32 Lakh Cards…
The dots are slowly connecting, and what is emerging right now can be termed as India’s biggest breach of financial data ever. 32 lakh debit cards from HDFC, ICICI Bank, Axis Bank, SBI and Yes Bank have been compromised.
Most…
Malware Attacks Unleash Chaos Across Banking Systems; SBI Blocks 6 Lakh Debit Cards; Axis Bank Hires…
Hackers have unleashed a war on Indian Banks, and there is chaos all around. The worst thing is that banks have been caught unaware, as their security has been breached since past few weeks, and no one actually knows the extent of…
MakeMyTrip Acquires Ibibo; Merged Entity Will Be Valued at $1.8 Billion!
India’s largest online travel company, MakeMyTrip, has announced the acquisition of Ibibo, a rival online travel company, for $720 million in stocks. This makes the valuation of the merged company at $1.8 billion, the largest in its…
Ashok Leyland’s New Electric Bus Is 100% Made in India; Hailed As A Big Leap For Mass Public…
68 year old Ashok Leyland, which is based out of Chennai, has launched 1st Made in India electric bus, which has been hailed as a giant leap for mass public transport in the country. As part of their Circuit Series Electric Bus, this new…
#BoycottChinaProducts a Damp Squib; Chinese Products Register Record Sales in India This Year!
State sponsored media from Beijing, China has declared their emphatic victory over #BoycottChinese campaign unleashed on social media in India. They have said that despite protests against them, Chinese goods witnessed record sales in…
ICICI Bank Becomes First From India To Successfully Execute Blockchain Transaction; International…
International trade finance and remittance is a complex banking operation, which is dependent on lengthy paper trail and manual forex currency conversions, which sometimes takes days to execute.
In order to make the process simpler…
TRAI Proposes Rs 130 Monthly Rental For 100 TV Channels Per Set Top Box!
Telecom Regulatory Authority of India (TRAI) has proposed a uniform tariff structure for accessing TV channels via set top box, across India. A new consultation paper has been floated regarding the same, and opinions are welcomed from…
DIPP Proposes Collateral-Free Loans For Startups; Only Rs 1100 Cr Disbursed Via Rs 10k Cr Fund of…
In June this year, Govt. of India had created a special Rs 10,000 crore worth fund of funds for Indian startups, which expected to generate 18 lakh jobs. Under this scheme, Small Industries Development Bank of India (SIDBI) was…