• After Binny Bansal's exit mode, Flipkart announces top talent recruitmentAfter Binny Bansal's exit mode, Flipkart announces top talent recruitment

    It seems that the Walmart-acquired Flipkart is a bit disturbed after the sudden exit of CEO and chairman Binny Bansal. The management is all set to hire top talent in the field of marketing, technology, supply chain management, human resources and product. Sources confirmed that the US-based retail shop will relocate staff from overseas so that the Indian business aligns with Walmart’s global processes.

  • Nodia company held for duping US software firm of Rs 14 crore, investigation on process
    CompaniesNodia company held for duping US software firm of Rs 14 crore, investigation on process

    Shocking news reported from Delhi-NCR, Noida where a software company has been accused to have dupped a US-based software company. The CEO of US company claims that he has been duped of nearly Rs 14 crore by the owner of a Noida-based firm for almost a decade. The accused company was assigned to build technology support for the complainant company and providing Indian engineers.

  • Professor Anju Seth takes over as director of IIM Calcutta
    CompaniesProfessor Anju Seth takes over as director of IIM Calcutta

    The Chairperson of Board of Governors of IIM Calcutta, Shri Shrikrishna Kulkarni announced that Professor Anju Seth has taken charge as Director of IIMC, this morning.   Professor Seth is an alumni of IIMC and has most recently held the position of Pamplin Professor of Management at Virginia Tech, USA.   She completed her Ph.D. from the University of Michigan and has a distinguished academic career spanning over twenty five years.   Prior to joining Virginia Tech, Professor Seth was Professor of Business Administration at University of Illinois. She has received numerous awards for her teaching and research.   She is on the editorial board of many scholarly journals. During the past several years she has maintained strong connections with academic and professional organizations in India such as Vedica Scholars Program and many others.   Shri Shrikrishna Kulkarni, Chairperson Board of IIM Calcutta, said, “We are indeed delighted that Anju will be the first woman Director of IIMC. She was the unanimous choice of the Search Cum Selection Committee and the BOG. On behalf of the IIMC fraternity, it is my privilege to welcome her to the IIMC team.”   Speaking on her new responsibility, Professor Anju Seth said, “It is an honour and privilege to be appointed to serve IIM Calcutta in the position of Director. I look forward to working with faculty, staff, students, Governors and all other stakeholders to build on the Institute’s strong foundations and accomplish new heights of eminence.”  

  • Jet Airways refutes reports of merger with Tata SIA Airlines
    CompaniesJet Airways refutes reports of merger with Tata SIA Airlines

    Dismissing the recent reports of a likely merger with Tata SIA Airlines, Jet Airways on Thursday said the news is "purely speculative" and that there were no such discussion in the company's Board.

  • Nestle to offer free Maggi packets as a part of waste management program
    CompaniesNestle to offer free Maggi packets as a part of waste management program

    Nestle India has come up with a new waste management program under which if the consumers returns ten empty wrappers of Maggi noodle, then they will get a free Maggi Noodles packet. This 'Maggi wrappers return program is an attempt to curb plastic waste. The project is running in Dehradun and Mussoorie on a pilot basis.

  • Sensex, Nifty trades flat on higher inflation, poll caution
    Finance and MarketsSensex, Nifty trades flat on higher inflation, poll caution

    The key equity indices traded flat on Wednesday afternoon as higher wholesale inflation and caution during the ongoing assembly polls in five states weighed on the domestic investor sentiments.

  • Flipkart CEO Binny Bansal resigns due to 'serious personal misconduct'
    CompaniesFlipkart CEO Binny Bansal resigns due to 'serious personal misconduct'

    Flipkart co-founder and group chief executive officer (CEO) Binny Bansal has resigned from the company with immediate effect. It must be noted that Flipkart is controlled by Walmart Inc after the latter acquired 77 percent of Flipkart for $16 billion in May.

  • PM Modi to launch APIX banking technology for people without bank accounts
    CompaniesPM Modi to launch APIX banking technology for people without bank accounts

    Prime Minister Narendra Modi government is all set to launch a banking solution for two billion people without bank accounts worldwide. The PM will address more than 30,000 people at the world's largest gathering of financial technology companies in Singapore this week

  • Jet Airways Q2 standalone net loss at Rs 1,297 crore
    CompaniesJet Airways Q2 standalone net loss at Rs 1,297 crore

    Jet Airways on Monday reported a net loss of Rs 1,297.46 crore for the second quarter ended September, against a net profit of Rs 49.63 crore a year ago.

  • AirAsia vs GoAir big sale: Flight tickets at Rs 399 on airasia.com
    CompaniesAirAsia vs GoAir big sale: Flight tickets at Rs 399 on airasia.com

    Good news for flight travellers! AirAsia India announces its big sale of the year. It is offering "lowest fares" on flight tickets in its latest sale, the airline said on Monday. "Big sale for you. Log in to grab the lowest fares," the airline said on its website airasia.com.

  • Indian Railways to revamp 2000 old coaches, plans to start project Utkrisht
    CompaniesIndian Railways to revamp 2000 old coaches, plans to start project Utkrisht

    In the recent development in Indian Railways, Piyush Goyal has mentioned that as many as 2,000 old coaches will be refurbished in 2018. The Railway ministry is all set to offer best of travelling experience to the train travellers. Besides upgrading old coaches, the department will introduce tray-tables and charging points for every seat, new fans, better seat covers, new taps in the toilets, photographs in the passages etc.

  • Alibaba generates record $31 billion during Singles' Day sale
    CompaniesAlibaba generates record $31 billion during Singles' Day sale

    Chinese e-commerce giant Alibaba on Monday announced generation of whopping $30.8 billion in terms of Gross Merchandise Value (GMV) during Singles' Day sale -- the 24-hour annual shopping event -- held on November 11, beating the last year's record of $25 billion.

  • Infosys announces salary increments for seniors? Who's in queue
    CompaniesInfosys announces salary increments for seniors? Who's in queue

    Good news for people working with Infosys. The global leader in technology services will soon roll out the salary increment sheet by January 2019. Previously, the junior level employees got a hike in their pay scale in April, while senior executives' increments were kept on hold.

  • Sensex down 100 points, rupee gains 30 paise
    Finance and MarketsSensex down 100 points, rupee gains 30 paise

    Despite a strong rebound in the domestic currency and continued decline in crude oil prices, the key equity indices -- S&P BSE Sensex and Nifty50 -- traded on a negative note during the afternoon session of the trade on Friday.

  • Minimum balance you need to maintain in 4 key Indian Banks
    Finance and MarketsMinimum balance you need to maintain in 4 key Indian Banks

    State Bank of India (SBI), ICICI Bank, HDFC Bank, Punjab National Bank (PNB) are the 4 key banks which operate in India. The banks have fixed their Average Monthly Balance (AMB) depending upon the location of the customer.

  • Charcoal Eats Announces its First International Destination: takes it Flavors to Bahrain in the Middle East
    CompaniesCharcoal Eats Announces its First International Destination: takes it Flavors to Bahrain in the Middle East

    Full stack QSR start-up, Charcoal Eats, today announced its international expansion with its first foray into Bahrain in the Middle East. Bahrain will also serve as a test bed for further expansion into the Middle East. In addition, the company also has plans to launch in UK by March 2019.   Speaking on the occasion, Anurag Mehrotra, Co-founder & CEO of Charcoal Eats said, “Our endeavour has been to position ourselves firmly as a quick-service restaurant for delicious, high quality Indian food, with emphasis on consumer convenience. We have come a long way since our inception and have successfully earned a distinct name in the Indian market. Today, we serve nearly 60,000 customers every month across all our outlets in India. There is a high demand for quality Indian food across the world and we’re looking to delight consumers in Bahrain and in other countries as we take Indian food global. We intend to be at 75 outlets in India and 6 overseas by March 2019.”   Launched in September 2015, Charcoal Eats currently has 31 outlets across 11 Indian cities including Mumbai, Thane, Navi Mumbai, Pune, Gurugram, Chennai, Nashik, Gandhinagar, Jaipur, Jamshedpur and Indore. Of these, 21 offer dine-in facilities, while all offer takeaway and delivery. By March 2019, the company aims to have more than 75 outlets across India. Charcoal Eats offers high quality, all-day food options across snack and meal times that includes Biryanis, Rolls, Loaded Fries, Starters, Meals, Puff Pizzas, Beverages & Desserts. Customers can dine-in, take-away or order for delivery from their outlets, as per their convenience. The company is headquartered out of Mumbai.   The company has already raised over INR 120 million in angel and pre-series A funding from both strategic and angel investors to fuel the expansion plans.   About Charcoal Eats Charcoal Eats is a tech-enabled, Indian Quick Service Restaurant (QSR) venture that delivers high quality, modern Indian flavors to its patrons. The company was Co-founded by Anurag Mehrotra (CEO), Krishnakant Thakur (COO), Gautam Singh (CTO) and Mohammed Bhol (CPO), in Mumbai in September 2015.   Charcoal Eats has an eclectic menu comprising of layered biryanis, juicy starters, unique puff pizzas, tempting desserts in addition to loaded fries, rolls and much more. Charcoal Eats is currently present, with its 31 dine-in and express outlets across 11 cities in Mumbai, Navi Mumbai, Thane, Pune, Delhi-NCR, Nashik, Chennai, Jaipur, Indore, Gandhinagar and Jamshedpur.   For more information, log-in to www.charcoaleats.com.

  • Future Hi-Tech batteries to make India 'never feel powerless'
    CompaniesFuture Hi-Tech batteries to make India 'never feel powerless'

    India is a vast country where meeting power demands of the ever-increasing population is nothing less than a challenge. Constant efforts and innovations are being made to generate power so that not a single corner is not left under darkness.

  • Rupee logs biggest single day jump in five years
    Finance and MarketsRupee logs biggest single day jump in five years

    Rupee logged biggest single-day jump in last five years after the news of possible relaxations for India in oil norms by the US. The Indian currency surged by 100 paisa to close at Rs 72.45 against US dollar.

  • With $62.9 bn revenue, Apple has $237 bn in cash on hand
    CompaniesWith $62.9 bn revenue, Apple has $237 bn in cash on hand

    Riding on robust growth in Services, App Store purchases and device sales, Apple reported $62.9 billion in revenue in its fiscal fourth quarter for 2018, ending with $237.1 billion in cash on hand.