- CompaniesFlipkart rejig: Binny Bansal is new group CEO, K Krishnamurthy CEO
One of the largest e-commerce websites in India Flipkart on Monday announced a rejig in its top brasses; co-founder Binny Bansal has been made Chief Executive Officer (CEO) of the group, K Krishnamurthy is Flipkart's CEO.CompaniesApple cuts CEO Cook's pay as iPhone sales hit globally
Hit by a slump in iPhone sales globally which led to the company missing its revenue and profit goals for 2016, tech giant Apple has cut its CEO Tim Cook's pay for the year.Finance and MarketsAirtel offers free data for 12 months!
To give a tiff competition to Reliance Jio, country’s leading mobile network provider Airtel on Tuesday unveiled an offer under which users can avail of free mobile data for 12 months. The offer will cost Rs 9000 and will work on 4G mobile set.CompaniesTwitter's China director Kathy Chen quits after eight months
"Now that the Twitter APAC (Asia-Pacific) team is working directly with Chinese advertisers, this is the right time for me to leave the company," Chen tweeted. Chen had joined Twitter in April, 2016.Finance and MarketsPrivate Banks take cue from SBI, slash lending rates
A day after State Bank of India (SBI) announced low lending rates due to surge in deposits; the private banks have also followed the same strategy to attract people with lowest interest rates in six years.Finance and MarketsRate of interest unchanged for small savings
Amid country’s leading banks have slashed their lending rates, for the next quarters the government has kept interest rates on small savings schemes like Public Provident Fund (PPF) and Kisan Vikas Patra (KVP).Finance and MarketsBSNL launches unlimited STD and local calls for Rs 144
Cashing in on the rollout by several telecom operators offering unlimited free call facility, Government run Bharat Sanchar Nigam Ltd (BSNL) joined the bandwagon with launch of a new Rs 144 plan for its customers offering similar features.CompaniesHyundai Motor achieves 5.2% of growth in domestic sales in 2016
One of the leading automobile companies in India Hyundai Motor claimed that it has achieved 5.2 percent growth in domestic sales to 5,00,537 units in calendar year 2016, as against 4,76,001 units in 2015.Finance and MarketsHome loans get cheaper as SBI cuts lending rates
For the first time in last six years, the interest on home loans has come at their lowest. State Bank of India has slashed its lending rate by 90 basis points for maturities ranging from overnight to three-year tenures.CompaniesTata global image slashed with Mistry ouster
From a piece in The Economist headlined "Ratantrum" and a New York Times report that dwelt on some of the Tata Group's alleged murky deals, to a Financial Times columnist who said "much of the fiasco is Mr Tata's fault", a good bit of the reporting and analysis has been critical of the manner in which Tata's handpicked successor Cyrus Mistry was suddenly ousted from the $100 billion "salt to software" conglomerate -- India's first true multinational.